Dongjiang Environmental (00895) subsidiary Shaoguan Dongjiang intends to sign a "Stone Material Sales Contract" with Dabaoshan Mining.
Dongjiang Environmental Protection (00895) issued a notice that in order to further leverage their synergies, Dongjiang Environmental Protection Co., Ltd. (hereinafter referred to as the "Company") controlled subsidiary Shaoguan Dongjiang Environmental Resources Development Co., Ltd. (hereinafter referred to as "Shaoguan Dongjiang") intends to sign a "Stone Sales Contract" with Guangdong Dabaoshan Mining Co., Ltd. (hereinafter referred to as "Dabaoshan Mining"), where Shaoguan Dongjiang will purchase stone materials from Dabaoshan Mining, with a quantity of up to 75,000 tons, at a total price not exceeding RMB 1.4895 million inclusive of taxes.
Dongjiang Environmental (00895) announced that in order to further leverage synergies, its subsidiary Shaoguan Dongjiang Environmental Resources Development Co., Ltd. (hereinafter referred to as "Shaoguan Dongjiang") intends to sign a "Stone Sales Contract" with Guangdong Dabaoshan Mining Co., Ltd. (hereinafter referred to as "Dabaoshan Mining"), whereby Shaoguan Dongjiang will purchase stone materials from Dabaoshan Mining with a quantity not exceeding 75,000 tons, and a total price not exceeding RMB 1.4895 million inclusive of tax.
This related party transaction is beneficial for enriching Shaoguan Dongjiang's supply of stone materials and promoting business growth. Shaoguan Dongjiang has already been in talks with potential customers regarding the stone materials, and will expedite the signing of related sales contracts. This related party transaction is part of normal business operations, follows a fair and reasonable pricing mechanism, and does not involve any actions that would harm the interests of the listed company through the use of related party relationships, or benefit the related company at the expense of the listed company.
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