Sanergy Group Ends Joint Venture Amid Market Shifts

TipRanksNov 19 06:40 ET

Shengneng Group (02459.HK) has reached an agreement with Huixian Construction to dissolve the joint venture company.

November 19, Gallon announces that Ascension Group (02459.HK) and Huixian government have jointly established a joint venture company in Huixian for the purpose of expanding the group's production capacity in China. Due to the constantly changing market and economic environment, the company and Huixian Construction have reached an agreement to voluntarily terminate the joint venture agreement and dissolve the joint venture company in a friendly manner. Both parties have no right to claim any losses, damages, or expenses incurred by the termination from the other party. The dissolution of the joint venture company is subject to approval from the relevant Chinese government departments before it can be completed and take effect. It is currently expected that the dissolution will be completed in the first quarter of 2025. Director

Gelonghui FinanceNov 19 06:32 ET

Express News | Sanergy Group - Termination and Dissolution of Joint Venture With Huixian Government

ReutersNov 19 06:30 ET

Shengneng Group (02459.HK) appoints Lin Luofeng as the company secretary.

Galaxy Today November 12 | Shengneng Group (02459.HK) announced that Mr. Liu Zhiren will no longer serve as the company's secretary effective November 30, 2024, and Mr. Hou Haolong will no longer serve as the authorized representative of the company under Rule 3.05 of the Hong Kong Stock Exchange. The board of directors further announced that Mr. Lin Luofeng will be appointed as the company's secretary and authorized representative, effective November 30, 2024.

Gelonghui FinanceNov 12 07:18 ET

China Zenix Auto Group (02459.HK) issued 80 million shares in accordance with the placement and subscription agreement.

October 9, Grong Hon Holdings announced that on October 8, 2024, 80 million ordinary shares were issued under the general authorization distribution and issuance in accordance with the subscription and subscription agreement dated September 30, 2024.

Gelonghui FinanceOct 8 18:40 ET

Sanergy Group Concludes Share Sale and Issue

TipRanksOct 8 18:39 ET