CWT INT'L (00521) Subsidiary to Sell Cathode Copper to GTS Shipping

Stock News

2025/12/19

CWT INT'L (00521) announced that on December 19, 2025, its indirect wholly-owned subsidiary, MRI Trading, entered into a second sales agreement with GTS Shipping. Under the agreement, GTS Shipping agreed to purchase additional cathode copper from MRI Trading. The total contract value shall not exceed $500 (approximately HKD 39 million).

Following the execution of the first and second sales agreements, the group and GTS Shipping (or any subsidiary of HNA Technology) will continue discussions and explore further cooperation in the commodity trading sector. The company believes the second sales agreement will further enhance the group's business opportunities in commodity trading.

By maintaining GTS Shipping as a client, the group stands to benefit from increased gross profit and improved profit margins in commodity trading.

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