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An update from Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H ( (HK:0564) ) is now available.
Zhengzhou Coal Mining Machinery Group Co., Ltd. has announced a revision to the annual caps of its existing continuing connected transactions with Anyang Iron & Steel Group Co., Ltd. under the Commodities and Services Framework Agreement. This revision, approved by the board, adjusts the total amount of commodities purchased by Ansteel Group from the company for the year ending December 31, 2025. The agreement involves the exchange of steel products and industrial gases, with pricing determined through open tenders and comparisons with independent third-party suppliers. This adjustment reflects the company’s strategic management of its supply chain and pricing policies, potentially impacting its operational efficiencies and market positioning.
More about Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H
Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H is a company based in the People’s Republic of China, primarily involved in the manufacturing of machinery and automobiles. The company engages in the purchase and sale of steel products and industrial gases, which are essential for its production processes and external sales.
Average Trading Volume: 2,252,855
Technical Sentiment Signal: Buy
Current Market Cap: HK$34.37B
See more insights into 0564 stock on TipRanks’ Stock Analysis page.