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We Think SUFA Technology Industry CNNC (SZSE:000777) Is Taking Some Risk With Its Debt
Sufa Technology Industry (000777.SZ): Plans to issue shares to purchase 98.88% shares of Sufa Xiyi, resuming trading on January 14.
On January 13, Gelonghui reported that Sufa Technology Industry (000777.SZ) announced a proposal to issue shares to purchase Assets and raise supporting funds for related transactions. Sufa Technology Industry intends to purchase 71.96% of the shares of Xi'an Sufa Nuclear Instrument Co., Ltd. (referred to as: Sufa Xiyu, "symbol company") held by Sufa Engineering, 11.21% of the shares held by CHINA BEST Development, 8.41% of the shares held by Ronghe Industry, 5.61% of the shares held by Huayu Zhengxin, and 1.68% of the shares held by XINXINGCHANYE. The counterparty of this share issuance for purchasing Assets.
Sufa Technology Industry (000777.SZ): Sufa Puran intends to transfer its 9.33% shares to Sufa Engineering without compensation.
Gelonghui January 2丨Sufa Technology Industry (000777.SZ) announced that recently, Sufa Technology Industry Co., Ltd. was informed by relevant shareholders that the company's second largest shareholder, Shanghai China National Nuclear Power Co., Ltd. (hereinafter referred to as 'China National Nuclear Power'), intends to transfer its held shares in the company free of charge to China National Nuclear Power Engineering Co., Ltd. (hereinafter referred to as 'Nuclear Engineering') (hereinafter referred to as 'this share transfer'). Both the transferring party, China National Nuclear Power, and the receiving party, Nuclear Engineering, are wholly-owned subsidiaries of China National Nuclear Corporation (hereinafter referred to as 'Nuclear Group'). This share transfer.
Sufa Technology Industry's restructuring has led to a suspension of trading. After the symbol company's IPO "failed", it is now seeking to be listed through another avenue. | Quick Read Announcement
① Sufa Technology Industry, a leading nuclear valve manufacturer, is temporarily suspended due to a major Assets restructuring; ② After the target company's previous plan to raise 2 billion yuan on the Star board "failed", it is attempting to list again.
Sufa Technology Industry (000777.SZ) is planning to issue additional shares to purchase 71.97% equity of Sufa West Instrument, consolidating the nuclear industry equipment manufacturing business. Trading will be suspended on December 30.
Sufa Technology Industry (000777.SZ) announced that to further achieve the integration of the nuclear industry equipment manufacturing Business, promote...
Is SUFA Technology Industry Co., Ltd., CNNC's (SZSE:000777) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
SUFA Technology Industry Co., Ltd., CNNC (SZSE:000777) Stock Catapults 28% Though Its Price And Business Still Lag The Market
