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Sanhe Pipe Piles (003037.SZ): plans to use a total of no more than 0.6 billion yuan of idle self-owned funds for entrusted wealth management.
Gelonghui, February 28: Sanhe Pile (003037.SZ) announced that on February 28, 2025, it will hold the sixth meeting of the fourth Board of Directors and the sixth meeting of the fourth Supervisory Board, during which it will review and approve the "Proposal for Using Part of Idle Self-owned Funds for Entrusted Wealth Management." The company (including wholly-owned subsidiaries and holding subsidiaries) is authorized to use idle self-owned funds for entrusted wealth management, with a total investment amount not exceeding 0.6 billion yuan or equivalent foreign currency. The chairman of the board is authorized to exercise decision-making power within the scope of this limit, which is valid for 12 months from the date this proposal is approved by the Board of Directors.
Sanwa Pipeline: 2024 Performance Forecast
Sanhe Pipe Pile (003037.SZ): The originally planned project to invest in the construction of an annual production of 6 million meters of PHC prestressed high-strength concrete pile intelligent production base in the Nanxun District has been terminated.
On January 22, 2025, Sanhe Pile (003037.SZ) announced that it held the fifth meeting of the fourth Board of Directors, which reviewed and approved the proposal to terminate the investment cooperation agreement. It plans to agree to sign an agreement on the termination and handling of the investment project of Huzhou Sanhe New Building Materials Co., Ltd., and terminate the investment cooperation agreement signed with the People's Government of Linghu Town, Nanxun District, Huzhou City regarding the Nanxun District investment attraction project, as well as the investment for the annual production of 6 million meters PHC prestressed high-strength concrete pile intelligent production base project.
Sanhe Pile's Parent to Raise Stake in Company
Sanhe Pipe Pile (003037.SZ): The controlling Shareholder intends to increase its Shareholding by 40 million to -80 million yuan.
On January 9, Gelonghui reported that Sanhe Pipe Pile (003037.SZ) announced that its controlling shareholder, Guangdong Sanhe Building Materials Group Co., Ltd. (hereinafter referred to as "Building Materials Group"), plans to increase its shareholding in the company within 6 months from the date of this announcement (from January 10, 2025 to July 9, 2025) using self-owned funds and specialized loans for shareholding increase, through a centralized bidding method. The amount of shares to be increased will not be less than 40 million yuan (including this amount) and not more than 80 million yuan (including this amount). This shareholding increase plan does not set a price Range, and the Building Materials Group will decide based on the overall market trends and public...
We Think Guangdong Sanhe Pile (SZSE:003037) Is Taking Some Risk With Its Debt
More Unpleasant Surprises Could Be In Store For Guangdong Sanhe Pile Co., Ltd.'s (SZSE:003037) Shares After Tumbling 29%
