Huabao International Bags Nearly 40 Million Yuan Worth of Orders from Associate

MT Newswires Live

2025/01/03

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.

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