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Boqian New Materials Raises Related-Party Lease Transaction Cap By 1.5 Million Yuan

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Jiangsu Boqian New Materials (SHA:605376) raised the threshold for a related-party transaction for the year by 1.5 million yuan, according to a Shanghai bourse filing on Wednesday.

The transaction covers the lease of premises and payment of utilities with Ningbo Guangbo Property Services, a company indirectly controlled by actual controller, Wang Liping.

The estimated transaction is raised to 9.5 million yuan from 8 million yuan, which is based on actual business needs.

The Chinese metal powder manufacturer's shares slipped 1% during the afternoon trade.

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