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MMG ( (HK:1208) ) has issued an announcement.
MMG Limited, a company incorporated in Hong Kong, announced a continuing connected transaction involving a Logistics Services Agreement between Khoemacau Copper and Minmetals Logistics. This agreement is for the provision of shipping, logistics, and transportation services for copper concentrate from the Boseto processing facility at Khoemacau Mine to a designated port in the PRC. The transaction is subject to reporting and annual review requirements but is exempt from independent shareholders’ approval. This agreement is part of MMG’s ordinary business operations and aims to ensure efficient transport of its products, with pricing determined on an arm’s length basis.
The most recent analyst rating on (HK:1208) stock is a Buy with a HK$7.00 price target. To see the full list of analyst forecasts on MMG stock, see the HK:1208 Stock Forecast page.
More about MMG
Average Trading Volume: 71,875,882
Technical Sentiment Signal: Buy
Current Market Cap: HK$83.28B
See more insights into 1208 stock on TipRanks’ Stock Analysis page.