Sanjiang Chemical signs energy efficiency deal worth RMB62.5m
China Sanjiang Fine Chemicals will upgrade drive motors and cooling equipment at its 6th phase EO/EG production facilities under an energy management agreement with Haoxing Energy Conservation.
The deal, running from August 2025 to December 2027, involves profit-sharing on energy savings with each party receiving 50%. Annual payment caps are RMB12.5m for 2025 and RMB25m for both 2026 and 2027.
The transaction is classified as a connected party deal under listing rules as Haoxing Energy Conservation is a connected person.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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