MECOM New Materials enters HK$100 million RMB/HK$ FX hedging contracts

Reuters02-26 20:53

MECOM New Materials enters HK$100 million RMB/HK$ FX hedging contracts

MECOM Power and Construction Ltd.’s affiliate, MECOM International New Materials Technology (Guangdong) Co., Ltd., entered into 10 FX hedging contracts with Bank of Communications, Zhuhai Branch to hedge RMB/HK$ currency exposure, covering a total principal amount of HK$100 million. The contracts lock in forward exchange rates ranging from HK$1 to RMB0.8813 to HK$1 to RMB0.8749, with settlement periods from June 2026 through March 2027, and require a security deposit of RMB4,884,000 via restricted deposits at the bank.

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. MECOM Power and Construction Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260226-12030964), on February 26, 2026, and is solely responsible for the information contained therein.

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