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New Focus Auto Tech Secures Expropriation Compensation
new focus auto (00360.HK): New Focus Photonics signed a compensation agreement with shanghai Qingpu Industrial Park Development (Group).
On November 25, Glonghui reported that new focus auto (00360.HK) announced that on November 22, 2024, New Focus Optoelectronics entered into a state-owned land non-residential housing acquisition compensation agreement with Shanghai Qingpu Industrial Park Development (Group) Co., Ltd. ("Qingpu Industrial Park Group", a company owned by relevant government institutions). New Focus Optoelectronics will receive compensation of approximately RMB 0.37 billion ("compensation") and employee severance pay according to its relocation progress (the compensation will be confirmed based on the relevant government policies). According to the compensation agreement, until New Focus Optoelectronics completes the water, electricity, coal, gas, telecommunications, and other services.
Hong Kong stocks movement | New focus auto (00360) surged over 18%. Qingdao Guorui reached a settlement with Shenzhen Shangkai Tong. The company's controlling shareholder will lift the shareholding freeze.
New Focus Auto (00360) surged more than 18%, as of the time of publication, it rose by 18.33%, closing at 0.071 Hong Kong dollars, with a turnover of 3.552 million Hong Kong dollars.
New Focus Auto Tech Holdings Limited's (HKG:360) Popularity With Investors Under Threat As Stock Sinks 27%
The new focus auto subsidiary intends to establish a new company in Shenzhen, New Focus Autotech (Shenzhen).
New Focus Auto (00360) announced that the board of directors declared, on September 4, 2024, the company's direct wholly-owned subsidiary New Focus Holdings (Peking), Chairman and Executive Director Mr. Tong, and Shenzhen Ke Shang established a new company, New Focus Nutech (Shenzhen), with a registered capital of RMB 10 million, of which New Focus Holdings (Peking), Mr. Tong, and Shenzhen Ke Shang contributed RMB 4.5 million, RMB 1 million, and RMB 4.5 million respectively. New Focus Nutech (Shenzhen) is a subsidiary in which the company indirectly owns 45% equity. Shenzhen, as a technology innovation center, in the automotive and electronic sector.
new focus auto (00360.HK) plans to establish two non-wholly owned subsidiaries.
Gr8hui September 26th | New Focus Auto (00360.HK) announced that the board of directors declared that on September 4, 2024, the company's wholly-owned subsidiary, New Focus Auto Holdings Limited (Peking), the chairman and executive director Tong, and Shenzhen Can Up jointly established a new company New Focus Newtac (Shenzhen) with a registered capital of RMB 10 million, of which New Focus Auto Holdings (Peking), Tong, and Shenzhen Can Up contributed RMB 4.5 million, RMB 1.0 million, and RMB 4.5 million respectively. New Focus Newtac (Shenzhen) is a subsidiary in which the company indirectly owns 45% equity. The board of directors also announced, the New Focus
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