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Ximei Resources Arm to Dispose 4.41% Stake in Subsidiary for Capital Injection of 60 Million Yuan
Ximei Resources (09936.HK): Jinshi New Materials Fund plans to invest 60 million yuan in Ximei Guangdong.
Grain Alliance announced on November 14 that on November 14, 2024, (i) the company; (ii) the company's indirectly wholly-owned subsidiary Ximei Hong Kong; (iii) Ximei Hong Kong's directly wholly-owned subsidiary Ximei Guangdong; (iv) the chairman of the Board of Directors, executive director, CEO, and controlling shareholder Wu of the company; and (v) the independent third party Jinshi New Materials Fund entered into an investment agreement to inject capital into Ximei Guangdong. Under the investment agreement, Jinshi New Materials Fund conditionally agreed to invest RMB 60 million in Ximei Guangdong and subscribe for 4.41% of Ximei Guangdong's equity. RMB
Express News | Ximei Resources - Jinshi Manufacturing Transformation and Upgrading New Material Fund LP to Contribute Capital of RMB60 Mln to Ximei Guangdong
CICC Securities: The chemical industry continued to fluctuate in the first half of the year, with strong tire exports and double growth in revenue and performance.
In the first half of 2024, the chemical industry achieved revenue of 1237.63 billion yuan, a year-on-year increase of +4.2%; net income attributable to the company was 75.25 billion yuan, a year-on-year increase of +0.8%.
XIMEI RESOURCES: Interim Report 2024
Express News | Ximei Resources Holding H1 Net Income RMB 62.7 Million
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