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Sinofert Holdings ( (HK:0297) ) has issued an announcement.
Sinofert Holdings Limited announced a connected transaction involving its subsidiary, Sinochem Yunlong, which has entered into an EPC General Contracting Agreement with CBLE and Yunnan Qiangshi for the renewal and renovation of electrical and instrumentation equipment. This project, valued at up to RMB31,000,000, aims to enhance the safety and reliability of operations by upgrading outdated equipment. The transaction, classified as a connected transaction under the Listing Rules, does not require independent shareholders’ approval but must comply with reporting and announcement requirements.
The most recent analyst rating on (HK:0297) stock is a Buy with a HK$2.00 price target. To see the full list of analyst forecasts on Sinofert Holdings stock, see the HK:0297 Stock Forecast page.
More about Sinofert Holdings
Sinofert Holdings Limited operates in the chemical industry, focusing on the production and supply of fertilizers and related chemical products. The company is involved in the development and distribution of products such as monocalcium phosphate, which are essential for agricultural and industrial applications.
Average Trading Volume: 35,764,564
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.73B
Learn more about 0297 stock on TipRanks’ Stock Analysis page.