Huaxi Holdings (01689) said it entered into strategic cooperation agreements with three individual manufacturers of cigarette packing materials in Shenzhen, Dongguan and Kunming of the PRC.
The company will supply transfer printing cardboard and transfer art paper to those manufacturers for printing cigarette packaging materials.
Huaxi expects that, leveraging on the new business, additional income will be generated through the sales of semi-finished products, which will definitely expand its product coverage in cigarette related packaging materials business.
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