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Yunnan Energy International Signs Three-Year Connected Silicon Supply Agreement

Story Highlights
  • Yunnan Energy International signed a master purchase deal to source organic and industrial silicon from Yunnan Energy New Materials through 2027.
  • Because the supplier is a subsidiary of its controlling shareholder, the silicon purchases are treated as connected transactions requiring independent shareholder approval and regulatory oversight.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Yunnan Energy International Signs Three-Year Connected Silicon Supply Agreement

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Yunnan Energy International Co. Limited ( (HK:1298) ) just unveiled an announcement.

Yunnan Energy International has entered into a Master Purchase Agreement with fellow group company Yunnan Energy New Materials, under which its group members may, at their discretion, purchase required silicon materials, including organic and industrial silicon, from the Yunnan Energy New Materials group from the commencement date through 31 December 2027. As Yunnan Energy New Materials is a wholly owned subsidiary of controlling shareholder Yunnan Provincial Energy, the arrangement constitutes a continuing connected transaction under Hong Kong listing rules, triggering reporting, announcement, independent shareholder approval at a special general meeting, and annual review requirements, signalling closer intra-group sourcing of key materials and formalising a long-term supply framework under regulatory oversight.

The most recent analyst rating on (HK:1298) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Yunnan Energy International Co. Limited stock, see the HK:1298 Stock Forecast page.

More about Yunnan Energy International Co. Limited

Yunnan Energy International Co. Limited, incorporated in Bermuda and dual-listed in Hong Kong and Singapore, operates within the broader energy and materials sector and is part of a corporate group ultimately controlled by Yunnan Provincial Energy, which holds a majority stake in the company. Through its affiliations, the group is involved in energy-related materials, including silicon-based inputs, and is strategically positioned within the supply chain for industrial and organic silicon materials.

Average Trading Volume: 13,000

Technical Sentiment Signal: Hold

Current Market Cap: HK$269.9M

For detailed information about 1298 stock, go to TipRanks’ Stock Analysis page.

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