China Tobacco International (HK) Raises Caps on Connected Tobacco Leaf Export Deals After Adding North American Unit
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China Tobacco International (HK) Co (HK:6055) has announced an increase in annual caps for exporting tobacco leaf products, following the addition of CTI North America as a related-party supplier. This decision aims to meet rising international demand and expand the company's market presence. The transactions are classified as continuing connected transactions, exempt from independent shareholders' approval under Hong Kong listing rules. Analysts rate the stock as a Buy with a target price of HK$45.00. The company is controlled by China National Tobacco Corporation, holding approximately 72.29% of its shares.
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