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Zhejiang Jingu to Buy Back Up to 60 Million Yuan Worth of Shares
We Think Zhejiang Jingu (SZSE:002488) Is Taking Some Risk With Its Debt
Zhejiang Jingu (002488.SZ): Repurchase completed, accumulated expenditure of 30.0164 million yuan to repurchase 3.8042 million shares.
Glory Financial announced on November 26 that zhejiang jingu (002488.SZ) has repurchased a total of 3.8042 million shares of the company through a dedicated securities account for share repurchase via centralized bidding trade as of November 25, 2024, accounting for 0.3822% of the company's current total share capital. The highest fill price was 11.48 yuan/share, the lowest fill price was 4.33 yuan/share, and the total repurchase amount was 30.0164 million yuan. The implementation range for this repurchase of company shares is from April 29, 2024, to November 25, 2024. The repurchase has been completed according to the repurchase plan.
Zhejiang Jingu (002488.SZ) will develop Avatar low-carbon wheel products for modern autos in Europe passenger vehicles.
Zhejiang Jingu (002488.SZ) announced that the company has recently received a designated notice from the Hyundai Motor Group, and the company will act...
zhejiang jingu (002488.SZ): received project development notification from a leading global automotive company.
Grignon November 15th | Zhejiang Jingu (002488.SZ) announced that the company recently received a project development notice from a leading global passenger vehicle manufacturer (due to confidentiality requirements, the name cannot be disclosed, hereinafter referred to as the "customer"), and the company will serve as the customer's component supplier, developing wheel hub assemblies for one American-produced passenger vehicle and two American-produced light trucks, totaling three models. The company will complete the product development work according to the customer's requirements. This is the company's first American domestic passenger vehicle OE project. Previously, the company had entered the customer's global supply chain system, and Avanta low-carbon wheel products have already been obtained.
Additional Considerations Required While Assessing Zhejiang Jingu's (SZSE:002488) Strong Earnings
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