China Sunshine Paper Expands Framework Agreements with Xiamen C&D
China Sunshine Paper Holdings Co. Ltd. has revised its framework agreements with Xiamen C&D Group, enhancing procurement options and increasing purchase caps. This strategic move aims to strengthen supply chain operations and improve market positioning. The transactions are classified as continuing connected transactions, requiring independent shareholder approval. The latest analyst rating for HK:2002 stock is a Hold with a price target of HK$2.00. China Sunshine Paper focuses on packaging paper products and has a market cap of HK$1.79B.
An announcement from China Sunshine Paper Holdings Co. Ltd. ( (HK:2002) ) is now available.
China Sunshine Paper Holdings Co. Ltd. has announced revisions to its existing framework agreements with Xiamen C&D Group, enhancing their business relationship. The Supplemental Agreements allow for expanded procurement options and increased annual purchase caps, indicating a strategic move to strengthen supply chain operations and potentially improve market positioning. These transactions, classified as continuing connected transactions under the Listing Rules, require independent shareholder approval due to their scale, highlighting their significance to the company’s strategic operations.
The most recent analyst rating on (HK:2002) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on China Sunshine Paper Holdings Co. Ltd. stock, see the HK:2002 Stock Forecast page.
More about China Sunshine Paper Holdings Co. Ltd.
China Sunshine Paper Holdings Co. Ltd. operates in the paper manufacturing industry, focusing on the production and distribution of packaging paper products. The company is involved in transactions with Xiamen C&D Group, a major distributor of wood pulp materials and packaging paper products.
Average Trading Volume: 77,486
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.79B
