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Express News | Jiangsu Eastern Shenghong Says Lock-up Period for 16.8% Stake to End, Shares to Start Trading on Jan 27
Jiangsu Eastern Shenghong (000301.SZ): Currently has PTA production capacity of 3.9 million tons/year.
On January 16, Gelonghui reported that Jiangsu Eastern Shenghong (000301.SZ) stated on the investor interaction platform that the company currently has PTA production capacity of 3.9 million tons per year, which is mainly used for producing polyester filament products. The recovery of PTA prices and the improvement in downstream demand are beneficial for the company's operation.
Jiangsu Eastern Shenghong (000301.SZ): Currently, there is no involvement in the aramid Business.
Gelonghui, January 15th丨Jiangsu Eastern Shenghong (000301.SZ) stated on the investor interaction platform that the listed company is currently not involved in the aramid business.
Insufficient Growth At Jiangsu Eastern Shenghong Co.,Ltd. (SZSE:000301) Hampers Share Price
Jiangsu Eastern Shenghong (000301.SZ): The controlling Shareholder and its concerted actors have collectively increased their Shareholding by 1.10%.
On January 6, Glonghui reported that Jiangsu Eastern Shenghong (000301.SZ) announced that it recently received a notice from Shenghong Technology, Shenghong Petrochemical, and Shenghong Suzhou regarding their combined shareholding in the listed company exceeding 1%. Shenghong Technology, Shenghong Petrochemical, and Shenghong Suzhou increased their shareholding through centralized competitive trading on the Shenzhen Stock Exchange, acquiring a total of 72,956,606 shares from November 14, 2024, to January 3, 2025, accounting for 1% of the company's total share capital (based on the total share capital of 6,611,221,707 shares as of December 31, 2024).
Tianfeng: The inventory cycle of Energy exploitation may reach its turning point before the production capacity turning point.
The refining products and coke products in the midstream are at the tail end of active destocking, and are expected to enter a state of passive destocking in 2025, increasing the probability of price increases.
Investing in Jiangsu Eastern ShenghongLtd (SZSE:000301) Five Years Ago Would Have Delivered You a 111% Gain
