c zenith chem (00362.HK) delayed completion of the sale of up to 0.6 billion shares.

Grandall reported on November 28th that c zenith chem (00362.HK) announced that it plans to sell up to 0.6 billion shares. As of the date of this announcement, all the prerequisites under the placement agreement have been met before the final deadline. However, due to the placement agent or its representative needing more time to encourage subscribers to subscribe for new shares, the company and the placement agent entered into an extension letter on November 28, 2024, to extend the completion date to December 31, 2024, or earlier (or a later date agreed upon by the company and the placement agent).

Gelonghui FinanceNov 28 05:04 ET

c zenith chem (00362.HK) has entered into a strategic investment framework agreement.

On November 18th, Gelonghui announced that c zenith chem (00362.HK) has signed a strategic investment framework agreement on November 18, 2024, with three companies incubated by Suzhou Chuyi Enterprise Management Co., Ltd. (Suzhou Chuyi): Hubei Yidong Yimei Management Co., Ltd., Hubei Daohua Industrial Development Co., Ltd., and Favdou Dining Management (Peking) Co., Ltd. According to the framework agreement, Yidong Yimei, Daohua Industrial, and Favdou agree to cooperate with the company and commit to making strategic investments to support the company's development of business in accordance with the regulations of the Hong Kong capital markets and certain conditions. According to different cooperation stages.

Gelonghui FinanceNov 18 06:52 ET

Express News | China Zenith Chemical - Yidong Yimei, Daohe Industrial & Fafudo to Make Strategic Investment of Not Less Than $20.0 Mln to Co

ReutersNov 18 06:49 ET

China Zenith Chemical Eyes Sale of 90% Interest in Unit

MT NewswiresNov 11 03:33 ET

c zenith chem (00362.HK) plans to sell 90% equity of Heihe Longjiang Chemical

GrainSurge November 8th | C Zenith Chem (00362.HK) announced that the board of directors has approved the proposed sale of 90% equity interest in Heihe Longjiang Chemical Co., Ltd. ("Heihe Longjiang") at the meeting held on November 8, 2024. As of the date of this announcement, Heihe Longjiang is a subsidiary company indirectly holding 90% equity interest of the company. It is expected that after the completion of the possible sale, the company will no longer hold equity in Heihe Longjiang, and the financial performance of Heihe Longjiang will no longer be consolidated into the company's financial statements. As of the date of this announcement, the company is in discussions with an independent third party regarding the possible sale, and is further implementing the specific trade plan. Heihe Long

Gelonghui FinanceNov 8 08:05 ET

Express News | China Zenith Chemical - Board Approved Proposed Disposal of 90% Stake in Heihe Longjiang Chemical

ReutersNov 8 08:02 ET