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Yanchang Petroleum International Limited ( (HK:0346) ) has provided an announcement.
Independent shareholders of Yanchang Petroleum International Limited have overwhelmingly approved two key ordinary resolutions at a special general meeting held on 30 December 2025, endorsing both a Supply Agreement and a Sales Agreement, including their respective proposed annual caps. With Yanchang Petroleum Group and its associates abstaining due to their status as a substantial shareholder, all votes cast by eligible independent shareholders were in favour of the resolutions, clearing the way for the company to proceed with these connected transaction arrangements and providing formal shareholder backing for the continued structuring of its supply and sales relationships within the group.
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, incorporated in Bermuda and listed in Hong Kong (Stock Code: 00346), operates in the energy and petroleum sector, engaging in the supply and sale of petroleum-related products and services. The company’s share capital is widely held, with Yanchang Petroleum Group as its substantial shareholder, though that group is required to abstain from voting on certain connected transactions, highlighting ongoing related-party dealings within its business structure.
Average Trading Volume: 204,518
Technical Sentiment Signal: Sell
Current Market Cap: HK$412.5M
For detailed information about 0346 stock, go to TipRanks’ Stock Analysis page.