---
title: "ZZDC: Subsidiary signs a material purchase and sales contract worth 8.8635 million yuan with related parties"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/254159666.md"
description: "ZZDC announced that its subsidiary Fujian Zhanheng New Construction Group Co., Ltd. has signed a \"Material Purchase and Sale Contract\" with the related party Fujian Zhanglong Pipe Industry Technology Co., Ltd., with a total contract price of 8.8635 million yuan. This transaction involves the procurement of ready-mixed concrete and cement-stabilized granular materials for the Fangjin Avenue road project. Zhanglong Pipe Industry is a subsidiary of the company's controlling shareholder Fujian Zhanglong Group, and this transaction constitutes a related party transaction. The performance of the contract will not have a significant impact on the company's total assets, net assets, and net profit for the current and future accounting years"
datetime: "2025-08-22T11:31:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/254159666.md)
  - [en](https://longbridge.com/en/news/254159666.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/254159666.md)
generator: "portal-rs"
---

# ZZDC: Subsidiary signs a material purchase and sales contract worth 8.8635 million yuan with related parties

ZZDC announced that its subsidiary Fujian Zhanheng New Construction Group Co., Ltd. has signed a "Material Purchase and Sale Contract" with the related party Fujian Zhanglong Pipe Industry Technology Co., Ltd., with a total contract price of 8.8635 million yuan. This transaction involves the procurement of ready-mixed concrete and cement-stabilized granular materials for the Fangjin Avenue road project. Zhanglong Pipe Industry is a subsidiary of the company's controlling shareholder Fujian Zhanglong Group, and this transaction constitutes a related party transaction. The performance of the contract will not have a significant impact on the company's total assets, net assets, and net profit for the current and future accounting years

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**