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Ningbo Huaxiang Electronic's (SZSE:002048) Earnings Have Declined Over Five Years, Contributing to Shareholders 33% Loss
1 euro sells off 6 European subsidiaries, Ningbo Huaxiang Electronic aims to solve the long-term losses in its Europe Business.
① Ningbo Huaxiang intends to sell Ningbo Huaxiang Europe, which includes six companies in Germany, Romania, and the United Kingdom, with a preliminary transaction price set at 1 Euro; ② Since 2014, Ningbo Huaxiang's European Business has been suffering from significant losses for a long time, greatly affecting the overall development of the listed company; ③ Currently, Ningbo Huaxiang implements a long-term Global Strategy of "expanding in North America, reducing in Europe, and stabilizing in China."
Ningbo Huaxiang Electronic (002048.SZ): plans to sell the Business in Europe.
On February 26, Gelonghui reported that Ningbo Huaxiang (002048.SZ) announced that since 2014, the Business in Europe has been consistently incurring substantial losses, significantly affecting the overall development of the listed company. To completely address the long-term losses in Europe, the company commissioned Institutions to engage with several potential buyers in August 2024. After in-depth negotiations and discussions, the final transaction partner was determined to be Mutares, a Private Equity firm listed in Germany. To secure the business opportunity, the company signed a conditional share transfer agreement with Mutares on February 25, 2025.
Ningbo Huaxiang (002048.SZ): First buyback of 0.3969 million shares involving an investment of 4.99995 million yuan.
Gelonghui reported on February 5 that Ningbo Huaxiang Electronic (002048.SZ) announced that on February 5, 2025, the company repurchased 0.3969 million shares through a special securities account for share repurchase via centralized bidding, accounting for 0.0488% of the company's total share capital. The highest Fill Price was 12.61 yuan/share, the lowest Fill Price was 12.58 yuan/share, and the total transaction amount was 4.999953 million yuan (excluding transaction fees).
Ningbo Huaxiang (002048.SZ) approximately 0.188 billion restricted shares will be listed and traded on January 20.
Ningbo Huaxiang (002048.SZ) announced that the number of shares lifted from restrictions this time is approximately 0.188 billion shares, accounting for...
There Is A Reason Ningbo Huaxiang Electronic Co., Ltd.'s (SZSE:002048) Price Is Undemanding