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We Think Shandong Kaisheng New MaterialsLtd (SZSE:301069) Is Taking Some Risk With Its Debt
TRIUMPH NEW EN (01108.HK) acquired 74.60% equity of Jiangsu TRIUMPH NEW MATERIALS through capital increase.
On December 30, GELONGHUI reported that TRIUMPH NEW EN (01108.HK) announced that on December 30, 2024, the company entered into a capital increase agreement with Suqian Development, Cixi New Energy, and Shuyang Trading (each serving as the original Shareholder of Jiangsu Kaisheng). According to this agreement, the parties conditionally agree to (i) inject a total of 373,000,000 yuan in Cash into Jiangsu Kaisheng to subscribe for the newly added registered capital of Jiangsu Kaisheng amounting to 373,000,000 yuan; and (ii) Suqian Development (as the original Shareholder of Jiangsu Kaisheng) will inject an additional 12 million yuan in Cash into Jiangsu Kaisheng.
Kaisheng New Materials (301069.SZ): Plans to use no more than 0.3 billion yuan of temporarily idle self-owned funds for Cash / Money Market management.
On December 27, 2023, Glorify announced that Kaisheng New Materials (301069.SZ) held the twenty-seventh meeting of the third Board of Directors, where it reviewed and approved the proposal on using temporarily idle self-owned funds for cash management. The company agreed to use no more than 0.3 billion yuan of temporarily idle self-owned funds for cash management, with a usage period of 12 months from the date of approval by the Board of Directors. Within the aforementioned usage period and quota, the funds can be used in a rolling manner.
Kaisheng New Materials (301069.SZ): The PEKK products produced by the company can be used in the Aviation field.
On December 17, Lowered Exchange reported that Kaisheng New Materials (301069.SZ) stated on an investor interaction platform that PEKK (Polyether-ketone-ketone) products belong to special high polymer materials, possessing high-temperature resistance, chemical drug corrosion resistance, and wear resistance. As one of the new materials of thermoplastic Resin with excellent performance, it has a wide range of applications in national strategic Industries such as Aviation, 3D Printing, Autos, high-end Medical, New energy Fund, and Siasun Robot&Automation. The PEKK products produced by the company can be used in the aviation field.
Kaisheng New Materials (301069.SZ): The company's controlling Shareholder Huapont Life Sciences intends to issue Exchangeable CSI Enterprise bond Index.
On December 11, Glonghui reported that Kaisheng New Materials (301069.SZ) announced that its controlling shareholder Huapont Life Sciences intends to issue non-publicly exchanged bonds with part of the company's A-shares it directly Holds as the symbol. The proposed issuance period is no more than 3 years, and the proposed fundraising scale is no more than 1 billion yuan. Under the conditions for stock exchange, bondholders can exchange the bonds for the company's A-shares at the agreed exchange price during the exchange period. Huapont Life Sciences will provide guarantees for the issuance of bonds with part of the company's A-shares it Holds and their income. The issuance of the exchangeable bonds has been reviewed and approved by the Board of Directors and still needs to be approved by the Shareholders' Meeting.
Don't Buy Shandong Kaisheng New Materials Co.,Ltd. (SZSE:301069) For Its Next Dividend Without Doing These Checks
Is Shandong Kaisheng New Materials Co.,Ltd.'s (SZSE:301069) Recent Stock Performance Tethered To Its Strong Fundamentals?
