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The latest announcement is out from Sinopec Shanghai Petrochemical Co ( (HK:0338) ).
Sinopec Shanghai Petrochemical Company Limited has announced the approval of a New Technology R&D Framework Agreement with Sinopec Corp., set to commence after the expiration of the current agreement on December 31, 2025. This agreement will facilitate mutual collaboration in technology research and development, covering areas such as technology consulting, licensing, and patent management. The transactions under this agreement are classified as continuing connected transactions, subject to certain reporting requirements but exempt from independent shareholder approval, indicating a streamlined process for future collaborations.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
More about Sinopec Shanghai Petrochemical Co
Sinopec Shanghai Petrochemical Company Limited operates in the petrochemical industry, focusing on the production and development of chemical products and petroleum derivatives. The company is a significant player in the market, with a controlling interest held by Sinopec Corp., which owns approximately 51.81% of its share capital.
Average Trading Volume: 10,840,863
Technical Sentiment Signal: Buy
Current Market Cap: HK$25.81B
For a thorough assessment of 0338 stock, go to TipRanks’ Stock Analysis page.