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China Starch Holdings Updates on RMB80 Million Construction Contract

Story Highlights
  • China Starch Holdings updates on a RMB80 million construction contract with Juneng Construction.
  • An EGM will be held to seek shareholder approval, with an independent committee and adviser appointed.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Starch Holdings Updates on RMB80 Million Construction Contract

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China Starch Holdings Limited ( (HK:3838) ) has shared an update.

China Starch Holdings Limited announced an update on a construction contract with Juneng Construction, valued at RMB80 million, for services related to a construction facility. The company has formed an Independent Board Committee and appointed Central China International Capital Limited as an Independent Financial Adviser to ensure compliance with corporate governance practices. An Extraordinary General Meeting (EGM) will be convened to seek approval from Independent Shareholders, and a circular with detailed information has been dispatched to shareholders.

More about China Starch Holdings Limited

China Starch Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the starch industry. The company focuses on the production and sale of a variety of starch products.

Average Trading Volume: 7,074,887

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$1.19B

Learn more about 3838 stock on TipRanks’ Stock Analysis page.

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