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Shougang Concord Grand Enters Strategic Procurement Agreements

Story Highlights
  • Shougang Concord Grand signed procurement agreements with Shougang Group for energy management and steel.
  • The agreements support China’s dual-carbon goals and require shareholder approval under Hong Kong rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Shougang Concord Grand Enters Strategic Procurement Agreements

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The latest update is out from Shougang Concord Grand (Group) Limited ( (HK:0730) ).

Shougang Concord Grand (Group) Limited has entered into two significant procurement agreements with Shougang Group, focusing on energy management and steel products. These agreements, effective for three years, are aligned with China’s national dual-carbon targets and aim to enhance energy conservation and efficiency. The agreements are considered continuing connected transactions under the Hong Kong Listing Rules, requiring independent shareholder approval and compliance with reporting and review requirements.

More about Shougang Concord Grand (Group) Limited

YTD Price Performance: 23.76%

Average Trading Volume: 900,419

Technical Sentiment Signal: Buy

Current Market Cap: HK$490.3M

See more data about 0730 stock on TipRanks’ Stock Analysis page.

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