Citychamp Dartong Advanced Materials to Raise Subsidiaries' Capital Through Debt Conversion

MT NewswiresNov 27 00:05 ET

Guancheng New Materials (600067.SH) plans to increase capital to its subsidiary holding company with debt.

On November 26, Gelonghui reported that Guancheng New Materials (600067.SH) announced plans to actively promote the company's current major assets restructuring project, to clarify the equity and debt relationships with its subsidiary holding companies, and to facilitate the company's global strategy transformation. The wholly-owned subsidiary Guancheng Huitai plans to convert its claim of 1500 million yuan against Nanjing Wansheng to capital reserves at a ratio of 1:1. Meanwhile, the company intends to convert its claim of 299,999,999 yuan (equivalent to 42,134,853 USD) against Hong Kong Datong to equity at a ratio of 1:1.

Gelonghui FinanceNov 26 03:58 ET

Citychamp dartong (600067.SH): Actively seeking opportunities for vertical and horizontal mergers and acquisitions in the existing electromagnetic wire business industry chain.

On November 12, Citychamp Dartong (600067.SH) stated on the investor interaction platform that the company is currently accelerating the pace of its delocalization global strategy, speeding up the development and sales progress of existing real estate projects, gradually clearing assets unrelated to the company's main business, and actively planning to transfer the assets and liabilities related to real estate development business held by the company to the controlling shareholder (or related companies designated by the actual controller). On the other hand, the company will further expand and strengthen the electromagnetic wire business through timely expansion, mergers and acquisitions, and actively seek vertical and horizontal merger opportunities upstream and downstream of the existing electromagnetic wire business industry chain to achieve long-term sustainable growth.

Gelonghui FinanceNov 12 03:03 ET

Citychamp Dartong Advanced Materials to Deregister Subsidiary

MT NewswiresNov 8 04:02 ET

These 4 Measures Indicate That Citychamp Dartong Advanced Materials (SHSE:600067) Is Using Debt Extensively

Simply Wall StNov 7 17:29 ET

citychamp dartong (600067.SH): Intends to change the securities abbreviation to "citychamp new materials".

Geelonghui November 6th, Citychamp Dartong (600067.SH) announced that the company held the twelfth meeting of the eighth (temporary) board of directors on November 5, 2024, and reviewed and passed the "Proposal to Change the Company's Stock Abbreviation", agreeing to change the stock abbreviation from "Citychamp Dartong" to "Citychamp New Materials", while keeping the stock code "600067" unchanged.

Gelonghui FinanceNov 6 04:27 ET