Hangzhou Gaoxin Rubber & Plastic Materials plans to acquire a competing company. Frequent changes in executives have led to a significant decline in performance | Quick read of the announcement.

① Hangzhou Gaoxin is planning to acquire 51% of the shares of Sun Gaoxin by paying Cash for Assets. ② The company states that Sun Gaoxin has a high degree of synergy with the company's main Business, which is beneficial for enhancing the company's overall competitiveness. ③ Hangzhou Gaoxin has been operating poorly since 2019, with multiple losses reported.

cls.cnDec 12 09:17 ET

Express News | Hangzhou Gaoxin Materials Plans to Buy 51% Stake in Materials Firm

ReutersDec 12 07:02 ET

On December 11, Stock Investment Precautions in A-shares︱Dalian Zhiyun Automation: The company's Stocks Trade will be subject to Other risk warnings; Hylink Digital Solutions: Currently not engaged in the basic research and development of AI technology.

The majority shareholder of Anfu Ce Link Limited plans to reduce their shareholding by no more than 3%; the shareholder of Hangzhou Gaoxin Rubber & Plastic Materials, Liaoning Zhongke, intends to reduce their shareholding by no more than 1%; the controlling shareholder and Directors of Beijing Transtrue Technology Inc. plan to reduce their shareholding by a total of no more than 4.00%; the stocks of Dalian Zhiyun Automation will be subject to Other risk warnings for trading; Hylink Digital Solutions is currently not engaged in basic research and development of AI technology; Quectel Wireless Solutions has not yet received orders from ByteDance or related toy manufacturers; Zhongyan Group has not yet directly involved in the field of humanoid robots; the 13.47% shares held by the controlling shareholder of Orient Group Incorporation have been provisionally frozen.

Gelonghui FinanceDec 10 09:16 ET

Hangzhou Gaoxin Rubber & Plastic Materials (300478.SZ) major shareholder Liaoning Zhongke intends to reduce shareholding by no more than 1%.

Hangzhou Gaoxin (300478.SZ) announced that the Shareholder holding more than 5% of the shares is Liaoning Zhongke Consulting Management Center (Limited...

Zhitong FinanceDec 10 07:37 ET

Gaoxin Rubber & Plastic Fined 370,000 Yuan Over Fatal Workplace Accident

MT NewswiresNov 21 03:26 ET

hangzhou gaoxin rubber & plastic materials (300478.SZ): fined 0.37 million yuan for safety incident.

On November 20, Gelonhui announced that Hangzhou Gaoxin Rubber & Plastic Materials (300478.SZ), as well as Chairman Hu Baoquan, received administrative penalty decisions from the Yuhang District Emergency Management Bureau of Hangzhou on December 26, 2023, due to a production safety accident. The accident occurred in the company's south PVC workshop, resulting in one fatality. The investigation determined that the company failed to identify hidden dangers, resulting in management responsibility for the accident, and Chairman Hu Baoquan bears leadership responsibility. The company was fined 0.37 million yuan, while Hu Baoquan was fined 0.1735 million yuan. The company has conducted rectification, strengthened safety management, and did not have any other impact on its production operation.

Gelonghui FinanceNov 20 06:04 ET