China Tianrui Group Cement Announces Key Supply Agreements
China Tianrui Group Cement Co., Ltd. (HK:1252) announced an extraordinary general meeting to approve two key supply agreements with Pingdingshan Ruiping Shilong Cement Company. The first agreement involves a clinker supply with a cap of RMB120 million annually from 2025 to 2027, while the second involves purchasing raw coal with a cap of RMB60 million for the same period. These agreements aim to enhance operational efficiency and strengthen the supply chain. The current analyst rating for HK:1252 is a Hold with a price target of HK$0.50.
The latest announcement is out from China Tianrui Group Cement Co., Ltd. ( (HK:1252) ).
China Tianrui Group Cement Co., Ltd. has announced an extraordinary general meeting to approve two significant framework agreements with Pingdingshan Ruiping Shilong Cement Company Limited. The first agreement involves the supply of clinker to Tianrui Cement and its subsidiaries, with a maximum annual payment cap of RMB120,000,000 for the years 2025 to 2027. The second agreement pertains to the purchase of raw coal from the Cement Group by Ruiping Shilong, with a similar annual cap of RMB60,000,000 for the same period. These agreements are expected to streamline the company’s operations and strengthen its supply chain, potentially impacting its market positioning positively.
The most recent analyst rating on (HK:1252) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Tianrui Group Cement Co., Ltd. stock, see the HK:1252 Stock Forecast page.
More about China Tianrui Group Cement Co., Ltd.
China Tianrui Group Cement Co., Ltd. operates in the cement industry, focusing on the production and supply of cement and clinker. The company is a key player in the market, engaging in various agreements to enhance its supply chain and operational efficiency.
Average Trading Volume: 26,992,965
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.08B
