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Yanchang Petroleum International Limited ( (HK:0346) ) just unveiled an update.
Yanchang Petroleum International Limited has entered into new supply and sales agreements with Henan Yanchang and Yanchang Petroleum Group to continue the supply of refined oil and by-products until 2028. These agreements are considered continuing connected transactions under the Hong Kong Listing Rules, requiring independent shareholder approval due to the significant shareholding of Yanchang Petroleum Group, which will abstain from voting.
The most recent analyst rating on (HK:0346) stock is a Hold with a HK$0.50 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 chemical by-products. The company is engaged in transactions with its subsidiaries and associates, primarily in the Chinese market.
Average Trading Volume: 395,548
Technical Sentiment Signal: Hold
Current Market Cap: HK$434.5M
For a thorough assessment of 0346 stock, go to TipRanks’ Stock Analysis page.