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Sinofert Holdings Renews Information System Services Agreement with Sinochem Information

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Sinofert Holdings Renews Information System Services Agreement with Sinochem Information

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An update from Sinofert Holdings ( (HK:0297) ) is now available.

Sinofert Holdings Limited has entered into a new Information System Services Agreement with Sinochem Information, an indirect subsidiary of its parent company, Sinochem Holdings. This agreement, effective from January 1, 2025, to December 31, 2025, encompasses a range of services including system operation and maintenance, software licensing, procurement, system improvement, and artificial intelligence services. The transactions under this agreement are classified as continuing connected transactions, subject to specific reporting and review requirements under the Hong Kong Listing Rules, but exempt from independent shareholders’ approval. This move is expected to enhance Sinofert’s operational efficiency and technological capabilities, potentially impacting its competitive positioning in the industry.

More about Sinofert Holdings

Sinofert Holdings Limited operates in the chemical industry, focusing primarily on fertilizers. It is a subsidiary of Sinochem Holdings, which holds a majority stake. Sinofert’s primary services include the provision of fertilizers and related products, with a market focus on agricultural and chemical sectors.

Average Trading Volume: 60,256,971

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$8.22B

For a thorough assessment of 0297 stock, go to TipRanks’ Stock Analysis page.

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