Sinofert Renews Connected Services Deal With Sinochem UK for European Logistics

Claim 70% Off TipRanks This Holiday SeasonUnlock hedge-fund level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialSinofert Holdings ( (HK:0297) ) has provided an announcement. Sinofert Holdings has renewed an intragroup services arrangement under which Sinochem UK will continue to provide local supplier relations and logistics support in Europe to Sinochem Macao from 1 January 2026 to 31 December 2028. The services will be charged at cost, with fees ranging from US$0.8 to US$8.5 per tonne and an annual cap of US$2.3 million, and will be invoiced quarterly with 10-day settlement terms. As Sinochem UK is a connected person via the group’s ultimate parent Sinochem Holdings, the deal is classified as a continuing connected transaction under Hong Kong Listing Rules, triggering reporting, announcement and annual review requirements but exempting it from independent shareholders’ approval, thereby formalising ongoing intra-group collaboration while maintaining regulatory compliance. The most recent analyst rating on (HK:0297) stock is a Buy with a HK$1.50 price target. To see the full list of analyst forecasts on Sinofert Holdings stock, see the HK:0297 Stock Forecast page. More about Sinofert Holdings Sinofert Holdings is a Bermuda-incorporated company listed in Hong Kong and engaged in the fertilizer sector through subsidiaries such as Sinochem Macao. The group focuses on sourcing, logistics and distribution of agricultural inputs, leveraging overseas affiliates like Sinochem UK to manage supplier relationships and logistics in key markets such as Europe. Average Trading Volume: 34,337,306 Technical Sentiment Signal: Strong Buy Current Market Cap: HK$10.68B For an in-depth examination of 0297 stock, go to TipRanks’ Overview page.