China Glass Seeks Shareholder Approval for New Three-Year Connected Procurement Deal
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China Glass Holdings Limited (HK:3300) is seeking shareholder approval for a new three-year procurement agreement with Triumph Resources, an associate of a substantial shareholder. This deal will secure raw and fuel materials for its glass manufacturing operations for the financial years ending 2026, 2027, and 2028, replacing an expiring agreement. The transaction is classified as a continuing connected transaction under Hong Kong Listing Rules, requiring independent approval. The current analyst rating for HK:3300 is a Hold with a price target of HK$0.50.
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