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China National Building Material Co Renews Key Framework Agreements

Story Highlights
  • China National Building Material Co renews framework agreements with its parent group.
  • The transactions are exempt from independent shareholders’ approval but require reporting.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China National Building Material Co Renews Key Framework Agreements

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China National Building Material Co ( (HK:3323) ) has shared an announcement.

China National Building Material Co announced the renewal of several framework agreements with its parent group and other entities, effective from January 2026 to December 2028. These agreements cover the purchase of minerals, mutual provision of products, services, equipment, engineering services, housing leasing, financial services, and fund lending. The transactions are classified as continuing connected transactions under the Hong Kong Stock Exchange’s listing rules, exempting them from independent shareholders’ approval but requiring reporting and announcement.

The most recent analyst rating on (HK:3323) stock is a Buy with a HK$4.20 price target. To see the full list of analyst forecasts on China National Building Material Co stock, see the HK:3323 Stock Forecast page.

More about China National Building Material Co

China National Building Material Co is a joint stock limited company incorporated in the People’s Republic of China, operating in the building materials industry. The company focuses on the production and provision of building materials and related services, with a significant market presence in China.

Average Trading Volume: 30,251,838

Current Market Cap: HK$41.08B

For a thorough assessment of 3323 stock, go to TipRanks’ Stock Analysis page.

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