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Baota Industry (000595.SZ): Currently not involved in any construction projects related to western development.
Gelonghui reported on November 15th that baota industry (000595.SZ) stated on the investor interaction platform that the company is currently not involved in the construction projects of western development or the belt and road initiative concept cooperation projects. At the same time, the company currently has no cooperation projects overseas.
Baota Industry (000595.SZ): The company's affiliated ningxia Northwest Bearing Equipment Manufacturing Co., Ltd. currently only undertakes business involving the machining of siasun robot&automation columns and walking axles.
On November 15, Geelonghui reported that Baota Industry (000595.SZ) stated on the investor interactive platform that its subsidiary, Ningxia Northwest Bearing Equipment Manufacturing Co., Ltd., is currently only engaged in the machining business related to siasun robot&automation vertical columns and walking axes, and the company has not yet directly participated in the robotics field.
Baota industry (000595.SZ): Major asset swap and issuance of shares to purchase assets, along with the raise of matching funds, has been approved by the ningxia State-owned Assets Supervision and Administration Commission.
Glory Exchange reported on November 14 that Baota Industry (000595.SZ) announced that the company intends to acquire 100% equity of Ningxia Electric Investment New Energy Co., Ltd. through significant asset swaps and issuance of shares for asset purchases. At the same time, it plans to issue shares to no more than 35 specific objects to raise matching funds. The company has received preliminary approval from the Ningxia State-owned Assets Supervision and Administration Commission for the major asset swap, issuance of shares for asset purchases, and fundraising for matching funds. This reorganization still needs to be approved by the company's shareholders' meeting, and it can only be implemented after being approved by the Shenzhen Securities Exchange and registered by the China Securities Regulatory Commission. The company will strictly follow relevant regulations.
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