TIANGONG INT'L (00826.HK): Subsidiary Signs Mould Steel Purchase Deal With European Client
- FSSSE will supply the customer with mould steel products of different specifications, with a schedule of 5,000 tonnes before May 2027 and an approximate value of RMB 80,000,000.
- The Board considers the agreement recognition of the Group's product quality and competitiveness in Europe, providing the mould steel segment with a stable source of export revenue.
NewTimeSpace News: Tiangong International Company Limited (stock code: 00826) voluntarily announced on 15 October 2026 that its indirect wholly-owned subsidiary Five Star Special Steel Europe S.R.L. had entered into a purchase agreement with an existing European end customer, under which FSSSE will supply the customer with mould steel products of different specifications. According to the customer's requirements, the supply schedule is 5,000 tonnes before May 2027, with an approximate value of RMB 80,000,000.
The Company said the Board considers that entering into the agreement is recognition of the quality and competitiveness of the Group's products in the European market, and will provide the mould steel segment with a stable source of export revenue and help ensure stable demand for the Group's products in Europe. In view of the foregoing, the Board considers the terms of the agreement to be in the interests of the Company and its shareholders as a whole.
The Company further stated that, after reasonable enquiries made by the Board, it is not aware of any circumstances that would prevent the Group from proceeding with the transaction, and that the customer and its ultimate beneficial owners are independent third parties independent of the Company and its connected persons.
