Sinofert Holdings Announces EPC Contract for Equipment Renewal and Renovation
Reuters
Yesterday
Sinofert Holdings Announces EPC Contract for Equipment Renewal and Renovation
Sinofert Holdings Limited has announced a connected transaction under an EPC General Contracting Agreement for the Electrical and Instrumentation Equipment Renewal and Renovation Project. The project involves the renewal and renovation of electrical equipment and facilities for chemical defluorination, arsenic removal, fluoride salt removal, and Monocalcium Phosphate (MCP) sections at Sinochem Yunlong, an indirect wholly-owned subsidiary of the company. The highest applicable percentage ratio for the transaction, calculated on both a standalone and aggregated basis, exceeds 0.1% but is less than 5%. As a result, the transaction is subject to reporting and announcement requirements under Chapter 14A of the Listing Rules, but is exempt from the requirement for independent shareholders' approval.
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