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China Qinfa Group Ltd. ( (HK:0866) ) has shared an announcement.
China Qinfa Group Ltd. announced a new Coal Supply Agreement between its subsidiary SDE and Zhejiang Energy Asia Pacific. This agreement involves the sale of 75,000 MT of Indonesian steam coal, with a potential adjustment of 10% in quantity. The transaction is classified as a connected transaction under Hong Kong’s Listing Rules, requiring reporting and annual review but exempt from certain approval requirements. This agreement strengthens Qinfa’s market position and underscores its strategic partnerships in the coal supply chain.
The most recent analyst rating on (HK:0866) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on China Qinfa Group Ltd. stock, see the HK:0866 Stock Forecast page.
More about China Qinfa Group Ltd.
China Qinfa Group Ltd. is a company incorporated in the Cayman Islands, operating primarily in the coal industry. The company focuses on the supply and trading of coal, with a market focus that includes various subsidiaries and partnerships.
Average Trading Volume: 9,866,539
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.87B
For detailed information about 0866 stock, go to TipRanks’ Stock Analysis page.