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Yanchang Petroleum International Limited ( (HK:0346) ) has issued an update.
Yanchang Petroleum International Limited has announced a Special General Meeting to approve and ratify the Supply and Sales Agreements for the next three years, ending December 31, 2028. The agreements involve significant financial commitments, with proposed annual caps for supply and sales transactions amounting to RMB20,150 million, RMB20,670 million, and RMB21,014 million for supply, and RMB148 million, RMB330 million, and RMB330 million for sales. This move is expected to enhance the company’s operational capabilities and strengthen its market position by securing long-term supply and sales arrangements.
The most recent analyst rating on (HK:0346) stock is a Hold with a HK$0.37 price target. To see the full list of analyst forecasts on Yanchang Petroleum International Limited stock, see the HK:0346 Stock Forecast page.
More about Yanchang Petroleum International Limited
Yanchang Petroleum International Limited operates in the petroleum industry, focusing on the supply and sale of refined oil and by-products, including chemical products. The company is based in Hong Kong and is incorporated in Bermuda.
Average Trading Volume: 285,750
Technical Sentiment Signal: Sell
Current Market Cap: HK$407M
Find detailed analytics on 0346 stock on TipRanks’ Stock Analysis page.