Huabao International Holdings (HKG:0336) and its subsidiaries received 39.5 million yuan worth of purchase orders for tobacco raw materials from its associate, China Tobacco Guangdong Industrial, since July 4, 2024, a Friday Hong Kong bourse filing said.
Previously, the group had supplied such raw materials to the other party for 83.4 million yuan between Jan. 4, 2024, and July 4, 2024.
Huabao indirectly owns approximately 55.38% equity interests in Guangdong Jinke Reconstituted Tobacco Leaves, of which China Tobacco Guangdong Industrial holds a 17.5% stake.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.