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

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. In a perfect world, we'd like to see a company investing mor

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

Luoyang Xinqianglian Slewing Bearing Co., Ltd.'s (SZSE:300850) healthy profit numbers didn't contain any surprises for investors. We think this is due to investors looking beyond the statutory profit

Simply Wall StMay 2 19:42 ET

Xinqianglian (300850.SZ): Net loss of 51.7726 million yuan in the first quarter

On April 25, Ge Longhui (300850.SZ) released its report for the first quarter of 2024. Operating income for the reporting period was 447 million yuan, down 11.76% year on year; net profit attributable to shareholders of listed companies was 51.7726 million yuan, year on year profit and loss; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 24.1470 million yuan, down 59.72% year on year; basic earnings per share -0.14 yuan.

Gelonghui FinanceApr 25 07:32 ET