
China Tobacco International (HK) Signs New Leaf Trading Framework Agreement With Pyxus Subsidiary

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China Tobacco International (HK) Co has signed a Leaf Trading Framework Agreement with Leaf Trading, a subsidiary of Pyxus, to supply tobacco leaf products from January 27, 2026, to December 31, 2028. Due to the connected nature of the parties and prior agreements, the transactions will be aggregated under Hong Kong listing rules, but the board has deemed the terms fair and in shareholders' interests, exempting the deal from further approvals. Analysts rate the stock as a Buy with a target price of HK$45.00.
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