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Earnings Growth Outpaced the 26% Return Delivered to Guangdong Rifeng Electric Cable (SZSE:002953) Shareholders Over the Last Year
Lacklustre Performance Is Driving Guangdong Rifeng Electric Cable Co., Ltd.'s (SZSE:002953) Low P/E
Guangdong Rifeng Electric Cable (002953.SZ): Intends to non-publicly issue additional shares to the controlling shareholder for a fundraising amount not exceeding 0.23 billion yuan
Geelong reported on November 11th, Guangdong Rifeng Electric Cable (002953.SZ) announced the plan to issue stocks to specific entities in 2024. This time, the proposed number of stocks to be issued to specific entities will not exceed 34,175,334 shares, which is not more than 30% of the total share capital before this issuance. The price of the stocks issued this time is 6.73 yuan per share, and the issuance price is not less than 80% of the average trading price of the company's stocks in the 20 trading days prior to the pricing reference date. The intended recipients of the stocks issued to specific entities this time are the company's controlling shareholder and the actual controller Feng Jioujing, who will subscribe to all the stocks issued this time in cash. This time, the specific entities issued stocks to
Guangdong Rifeng Electric Cable (002953.SZ) released its performance for the first three quarters, with a net income of 0.126 billion yuan, a year-on-year increase of 14.71%.
Guangdong Rifeng Electric Cable (002953.SZ) released the third quarter report for 2024, with revenue for the first three quarters reaching 30...
Rifeng Co., Ltd.: Report for the third quarter of 2024
Guangdong Rifeng Electric Cable (002953.SZ): Idle raised funds temporarily replenish working capital for early repayment.
Gelonghui October 9th | Guangdong Rifeng Electric Cable (002953.SZ) announced that on December 26, 2023, the company held the 11th meeting of the fifth board of directors and the 10th meeting of the fifth board of supervisors, and approved the "Proposal on Using Part of the Idle Raised Funds to Temporarily Supplement Working Capital", agreeing that the company will continue to use part of the idle raised funds to temporarily supplement working capital, not exceeding 0.1 billion yuan, for production and operation related to the company's main business, with a duration of no more than 12 months from the date of board approval, and will be returned to the company's special account for raised funds by the end of February 2024.
Guangdong Rifeng Electric Cable Co., Ltd.'s (SZSE:002953) 26% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio
