Investors Might Be Losing Patience for Chengdu Xinzhu Road&Bridge MachineryLTD's (SZSE:002480) Increasing Losses, as Stock Sheds 9.5% Over the Past Week

Simply Wall StDec 24 00:09 ET

Chengdu Xinzhu Road&Bridge Machinery (002480.SZ): plans to borrow 0.3 billion yuan from the controlling Shareholder.

Glonghui reported on December 11 that Chengdu Xinzhu Road&Bridge Machinery (002480.SZ) announced that the company plans to borrow 0.3 billion yuan from its controlling shareholder SiChuan Development (Holding) for a period of 3 years, with an annual interest rate of 6.0%, payable quarterly with repayment at maturity. The loan will be used to repay a 0.3 billion yuan loan to the wholly-owned subsidiary of SiChuan Development (Holding). SiChuan Development (Holding) is the company's controlling shareholder, and according to relevant regulations, this borrowing constitutes a related party transaction. The proposal has been approved by the company's independent directors in a special meeting and the Board of Directors, but still requires approval from the shareholders' meeting.

Gelonghui FinanceDec 11 03:37 ET

Chengdu Xinzhu Road&Bridge Machinery (002480.SZ): The controlling shareholder is planning significant matters. The controlling shareholder will be changed to Shudao Group.

Gelonghui November 28th │ Chengdu Xinzhu Road&Bridge Machinery (002480.SZ) announced that on November 28, 2024, the company received a letter from the controlling shareholder Sichuan Development (Holdings) Co., Ltd. (hereinafter referred to as "Sichuan Development (Holdings)"). In accordance with the arrangements and deployments of the provincial party committee and the provincial government on deepening the reform and enhancement action of state-owned enterprises, promoting the optimization and structural adjustment of the state-owned economy, further enhancing the core functions of the enterprise, and improving core competitiveness, Sichuan Development (Holdings) intends to directly hold 66,113,770 shares of the company (accounting for 8.60% of the company's existing total share capital).

Gelonghui FinanceNov 28 04:27 ET

Market Might Still Lack Some Conviction On Chengdu Xinzhu Road&Bridge Machinery Co.,LTD (SZSE:002480) Even After 28% Share Price Boost

Simply Wall StNov 12 17:17 ET

Xinzhu Co., Ltd.: Report for the third quarter of 2024

SZSIOct 25 12:00 ET · Announcements

Chengdu Xinzhu Road&Bridge Machinery (002480.SZ) released its performance for the first three quarters, with a net loss of 0.255 billion yuan.

Chengdu Xinzhu Road&Bridge Machinery (002480.SZ) released the third quarter report of 2024. In the first three quarters, the company achieved revenue...

Zhitong FinanceOct 25 05:14 ET