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CWT INT'L (00521) subsidiary plans to sell cathode copper to GTS Shipping

Zhitongcaijing·12/19/2025 11:57:05
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According to Zhitong Finance App, CWT INT'L (00521) announced that on December 19, 2025, MRI Trading, an indirect wholly-owned subsidiary of the Company, signed a second sales contract with GTS Shipping. Based on this, GTS Shipping agreed to purchase additional cathode copper from MRI Trading. The contract price must not exceed US$500 (equivalent to approximately HK$39 million). After entering into the first sales contract and the second sales contract, the Group and GTS Shipping (or any subsidiary of HNA Technology) will continue to discuss and consider further cooperation in the field of commodity trade.

The Company believes that the second sales agreement will further enhance the Group's business opportunities in commodity trade. Continuing to use GTS Shipping as a customer, the Group can benefit from further growth in gross profit and gross margin from commodity trade.