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GEM to Gain 922 Million Yuan From Disposal of Three Subsidiaries
GEM Co.,Ltd. (002340.SZ): plans to optimize the asset structure of its recycling resources business, including electronic waste.
On December 27, GELONGHUI reported that GEM Co., Ltd. (002340.SZ) announced that in accordance with the company's Global Strategy for optimizing its Asset structure through Asset Transfer in 2024, on December 26, the company's holding subsidiary Jiangxi GEM Circular Industry Co., Ltd. (referred to as "GEM Circular") signed an Equity Transfer agreement with Henan Circular Technology Industry Group Co., Ltd. (referred to as "Henan Circular Group"). GEM Circular will transfer its 100% equity of the holding subsidiary Henan GEM Circular Electronic Waste Disposal Co., Ltd. (referred to as "Henan GEM Circular") and Shanxi Hongyang Seagull Waste Electrical and Electronic Products Recycling.
Shareholders in GEM (SZSE:002340) Are in the Red If They Invested Three Years Ago
Investors Could Be Concerned With GEM's (SZSE:002340) Returns On Capital
haitong sec: The eco-friendly concept industry receivables in 24Q3 are still a core issue, looking forward to the debt-to-equity policy driving valuation repair.
Based on the current revenue growth rate, the accounts receivable issues in the eco-friendly concept industry are expected to worsen in the first three quarters of 2024, and the amount of accounts receivable related to municipal public utilities is relatively large, paying attention to the implementation of debt reduction policies that bring valuation recovery space for the eco-friendly concept industry.
Market Chatter: GEM VP Forecasts Steady Growth Despite Indonesian Ban on Mineral Exports; Shares Jump 5%
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