Luoyang Xinqianglian Slewing Bearing Co., Ltd.'s (SZSE:300850) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Simply Wall StJul 24 20:48 ET

Luoyang Xinqianglian Slewing Bearing (300850.SZ): Partial funds from raised funds account have been unfrozen.

On June 27th, Global Hualuoy announced that all frozen funds related to Luoyang Xinqianglian (300850.SZ) convertible corporate bond special account for raising funds from unspecified objects in 2022 have been released. The frozen bank account involved was the special account for raising funds from unspecified objects for the issuance of convertible corporate bonds in 2022, and the account was opened at the Technology Branch of China CITIC Bank Corporation in Luoyang Free Trade Zone, with the account number 8111*****8551, and the frozen amount was 651,460.77 yuan. The applicant for freezing part of the company's bank account funds is Luoyang Jianwei Concrete Co., Ltd.

Gelonghui FinanceJun 27 00:01 ET

Luoyang Xinqianglian Slewing Bearing (300850.SZ): Part of the funds in the raised account have been frozen.

On June 26th, Gelunhui reported that Luoyang Xinqianglian (300850.SZ) recently learned that some of the funds raised for the implementation of convertible corporate bond issuance to unspecified objects in 2022 were frozen in the fundraising account opened for the investment project. The applicant for the freeze of part of the company's bank account funds is Luoyang Jianwei Concrete Co., Ltd., which filed for property preservation with the Mengjin District People's Court of Luoyang City, Henan Province due to a contractual dispute with the company. The bank account affected by this fund freeze is a dedicated fundraising account, with 651,460.77 yuan of frozen funds, accounting for 2% of the company's funds.

Gelonghui FinanceJun 26 07:40 ET

Luoyang Xinqianglian Slewing Bearing (SZSE:300850) Could Be Struggling To Allocate Capital

Simply Wall StJun 24 21:35 ET

Xinqianglian (300850.SZ): 2023 equity distribution, 10 distributions of 1.04 yuan, share registration date May 20

Gelonghui, May 13 | Xinqianglian (300850.SZ) announced that the company's 2023 equity distribution plan is to distribute RMB 1.040,000 (tax included) to all shareholders for every 10 shares based on the company's current total share capital of 358,741,880 shares. The share registration date for this equity distribution is May 20, 2024, and the ex-dividend date is May 21, 2024.

Gelonghui FinanceMay 13 05:28 ET

Luoyang Xinqianglian Slewing Bearing's (SZSE:300850) Solid Earnings May Rest On Weak Foundations

Simply Wall StMay 2 19:42 ET