CNGR Advanced Material (SHE:300919) directors approved the budget increase for daily related-party transactions with two companies, according to a Tuesday filing with the Shenzhen bourse.
The company raised its cap for purchases from Moroccan joint venture COBCO to 40 million yuan from 30 million yuan and its sales budget for Hunan Zhongwei Jineng New Materials to 612 million yuan from 347 million yuan.