Haitian International to Increase Annual Caps of Purchase Deal

MT Newswires Live

2024/11/07

Haitian International (HKG:1882) revised the annual caps for an agreement between subsidiary Haitian Plastics Machinery as purchaser and Ningbo Haitian Driving System (HDS) as vendor.

The agreement pertains to the purchase of servo systems, linear motion guides, and hydraulic parts, a Wednesday Hong Kong bourse filing said.

The company estimates that the existing purchase caps are insufficient to meet the group's demand, so it plans to revise them under a supplemental agreement.

Haitian plans to increase the annual caps to 1.14 billion yuan for 2024 from 960 million yuan, 1.22 billion yuan for 2025 from 1.05 billion yuan, and 1.32 billion yuan for 2026 from 1.16 billion yuan.

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