Brief: Huazhang Technology Says Unit & Taizhou Hengshengtianyue Metal Co Entered Master Sales Agreement

Huazhang Technology Holding

08/06/2021 14:28

Huazhang Technology Holding Ltd  1673.HK :
    * HUAZHANG TECHNOLOGY SAYS UNIT & TAIZHOU HENGSHENGTIANYUE
METAL
CO ENTERED MASTER SALES AGREEMENT
    * HUAZHANG TECHNOLOGY -  UNIT TO SELL METAL SCRAPS, AS PART
OF
PARTIES' ORDINARY & USUAL COURSE OF BUSINESS, TO TAIZHOU
HENGSHENGTIANYUE METAL
    * HUAZHANG TECHNOLOGY SAYS  DUE TO CONTINUING TRAVEL
RESTRICTIONS,
CO CANNOT YET MAKE PROGRESS ON DEVELOPMENT OF DUBAI RECYCLING
PROJECT
    * HUAZHANG TECHNOLOGY SAYS UNLIKELY THAT CO WILL NEED TO
SPEND
PROCEEDS FROM SUBSCRIPTION ON CAPEX FOR DUBAI RECYCLING PROJECT
IN SHORT TERM
    * HUAZHANG TECHNOLOGY RESOLVED TO TEMPORARILY USE PROCEEDS
FROM
SUBSCRIPTION AS WORKING CAPITAL TO PURCHASE WASTE MATERIAL FOR
PROCESSING AND/OR RE-SALE

Source text for Eikon:  ID:nHKS3MkpvG 
Further company coverage:  1673.HK