On September 22nd, Fuchunjiang Environmental Thermoelectric (002479.SZ) announced that its wholly-owned subsidiary, Zhejiang Suichang Huijin Nonferrous Metal Co., Ltd. (referred to as 'Huijin Company' below), produces copper, tin, gold, silver, platinum, palladium, as well as nickel, lead, and other metals. In order to prevent the operational risks caused by unfavorable changes in metal market prices, Huijin Company plans to conduct commodity hedging operations to effectively manage the risks of significant price fluctuations and enhance the stability and sustainability of the company's performance. The margin balance for hedging is planned to be no more than 50 million yuan, and the transaction amount at any point in time within the authorized period (including the relevant amounts from the aforementioned transactions for re-transaction) shall not exceed the approved limit. The transaction variety includes standard contracts for metal futures such as copper that are directly related to the company's production, without conducting OTC trading. The period is 12 months from the date of approval by the board of directors, and the limit can be rolled over within the approval period.
富春环保(002479.SZ)控股子公司拟开展套期保值业务
Zhejiang Fuchunjiang Environmental Thermoelectric (002479.SZ) plans to conduct hedging business through its holding subsidiary.
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