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China Tianrui Group Cement Co., Ltd. ( (HK:1252) ) just unveiled an update.
China Tianrui Group Cement Co., Ltd. has entered into three new framework agreements for 2025, involving the purchase of clinker and the sale of raw coal. These agreements are with Ruiping Shilong and Ruzhou Coking, marking a strategic move to expand its business into raw coal sales. The transactions are classified as continuing connected transactions, requiring independent shareholder approval due to the significant voting control held by Mr. Li and Ms. Li, making Ruiping Shilong and Ruzhou Coking connected persons of the company. An Independent Board Committee and an Independent Financial Adviser have been appointed to guide shareholders, with further details to be provided in an upcoming circular.
More about China Tianrui Group Cement Co., Ltd.
China Tianrui Group Cement Co., Ltd. operates in the cement industry, focusing on the production and sale of cement and related products. The company is expanding its business operations to include the sale of raw coal, indicating a diversification of its market focus.
Average Trading Volume: 6,596,411
Technical Sentiment Signal: Sell
Current Market Cap: HK$832.5M
See more insights into 1252 stock on TipRanks’ Stock Analysis page.
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