Wuhan Youji Lifts Connected-Party Cap Under New Xinkang Equipment Deal
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Wuhan Youji Holdings Ltd. has replaced its 2024 framework agreement with Xinkang Chemical with a new agreement extending to 2028, allowing for increased annual transaction caps of RMB110 million. This change reflects expectations of higher demand for equipment and services, while ensuring fair pricing for minority investors. The agreement requires independent shareholder approval and aims to enhance governance around connected transactions. The current analyst rating for Wuhan Youji Holdings is a Hold with a price target of HK$5.50.
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