CWT International Ltd. Announces $5 Million Copper Cathode Sale to GTS Shipping

Reuters07-17

CWT International Ltd. Announces $5 Million Copper Cathode Sale to GTS Shipping

CWT International Ltd. has announced a new contract of sale for the trading of commodities. On July 17, 2025, after trading hours, MRI Trading, an indirect wholly-owned subsidiary of CWT International, entered into a binding agreement with GTS Shipping Management Co. Limited. Under this contract, GTS Shipping will purchase copper cathodes from MRI Trading. The contract consideration is not to exceed US$5,000,000, equivalent to approximately HK$39,000,000. This transaction is classified as a connected transaction and is subject to certain reporting and announcement requirements under the Listing Rules. The agreement replaces an earlier non-binding cooperation framework plan with HNA Technology, marking a significant step in the companies' collaborative efforts in commodity marketing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CWT International Ltd. published the original content used to generate this news brief on July 17, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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