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Ganzhou Tengyuan Cobalt New Material (SZSE:301219) Seems To Use Debt Quite Sensibly
Tengyuan Cobalt Industry (301219.SZ): Plans to invest in a technical transformation and upgrade project for producing 5,000 tons of electric cobalt products annually.
On December 6, Gelonghui reported that Tengyuan Cobalt Industry (301219.SZ) announced plans to invest in the construction of the "5000 tons/year technical renovation and upgrade project for electric cobalt products" within its factory located at No. 9, Xijin Avenue, Ganzhou High-tech Industrial Development Zone. The project investment amount is 98.9019 million yuan, with a construction period of 10 months, expected to be completed in September 2025. Upon completion and reaching production capacity, the project will have a scale of 5000 tons of electric cobalt products per year, meeting the Co9995 grade standard in the industry standard "YS/T255-2009 Cobalt."
Ganzhou Tengyuan Cobalt New Material Co., Ltd. (SZSE:301219) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?
Ternary Cobalt Industry (301219.SZ): In 2024, the employee stock ownership plan will be completed through non-trading transfer.
On November 12, Geelong reported that on November 11, 2024, Tengyuan Cobalt Industry (301219.SZ) received a "Transfer Registration Confirmation" issued by China Securities Depository and Clearing Corporation Limited, confirming that 3,519,600 shares of the company's stocks held by the company's special securities account were transferred to the current employee stock ownership plan special securities account in a non-trading transfer form on November 11, 2024, at a transfer price of 18.68 yuan per share. As of the announcement date, the employee stock ownership plan in 2024 holds 3,519,600 shares of the company's stocks, accounting for a portion of the total shares of the company.
At CN¥52.25, Is It Time To Put Ganzhou Tengyuan Cobalt New Material Co., Ltd. (SZSE:301219) On Your Watch List?
Ganzhou Tengyuan Cobalt New Material's Q3 Profit Increases 19%
Some Shareholders Feeling Restless Over Ganzhou Tengyuan Cobalt New Material Co., Ltd.'s (SZSE:301219) P/S Ratio
