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China Merchants Securities Raises Procurement Caps for 2026, 2027

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China Merchants Securities (HKG:6099, SHA:600999) raised the annual cap for continuing connected transactions with China Merchants Group to 254 million yuan for 2026, from 132 million yuan.

It also raised the cap for 2027 to 300 million yuan from 132 million yuan, according to a Tuesday Hong Kong bourse filing.

The increases reflect higher expected spending on employee canteen services, construction management and renovation.

China Merchants Group, which holds about 44.17% of the company, is a controlling shareholder, the filing said.

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