Western Metal Materials (002149.SZ): Renewed asset lease agreement with its holding subsidiary Western Titanium Industry.

On July 19th, Gelonhui reported that Western Metal Materials (002149.SZ) announced that the 11th meeting of the 8th Board of Directors held on July 18, 2024 passed the "Proposal on Renewing the Asset Lease Agreement between the Company and Western Titanium Industry Co., Ltd." Agreed that the company will continue to lease some equipment and factories for strip production lines to its subsidiary Western Titanium Industry Co., Ltd. (referred to as "Western Titanium") for a period of three years, from July 1, 2024 to June 30, 2027. The annual rent is 29.0709 million yuan (inclusive of tax), which is quarterly paid by Western Titanium.

Gelonghui FinanceJul 19 08:26 ET

Western Metal Materials (002149.SZ) plans to increase its stake in West New Zirconium by 25.089 million yuan to solidify its leading position in the zirconium processing industry.

Announcement from Western Metal Materials (002149.SZ): the company plans to invest in its affiliated company, Xi'an Western New Zirconium Technology Co., Ltd. (...

Zhitong FinanceJul 19 08:17 ET

Western Metal Materials (002149.SZ): Western Titanium Industry plans to implement capital increase and share expansion.

On July 1st, GeLongHui reported that Western Metal Materials (002149.SZ), which owns Western Titanium Co., Ltd. (referred to as "Western Titanium"), is one of the major producers of titanium, zirconium, and their processed materials in China. In order to enhance its capital strength, increase its anti-risk ability, and reduce its asset-liability ratio, Western Titanium plans to increase its capital and shares, with registered capital increased from 250 million yuan to 400 million yuan, and a total of 601.5 million yuan raised.

Gelonghui FinanceJul 1 06:55 ET

Taejin New Energy is planning to raise 1.5 billion yuan for its IPO, with an asset-liability ratio higher than the industry average.

Research and development expense ratio is lower than the average of comparable companies in the industry.

Gelonghui FinanceJun 26 08:24 ET

Here's What We Like About Western Metal Materials' (SZSE:002149) Upcoming Dividend

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Western Metal Materials Co., Ltd. (SZSE:002149) is about to

Simply Wall StJun 19 18:21 ET

Returns On Capital At Western Metal Materials (SZSE:002149) Have Hit The Brakes

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Firstly, we'd want to identify a growing return on capital e

Simply Wall StJun 18 18:19 ET