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These Return Metrics Don't Make Fujian Qingshan Paper Industry (SHSE:600103) Look Too Strong
Half-year report for the year 2024.
Summary of Half-Year Report in 2024.
Fujian Qingshan Paper Industry (600103.SH) plans to establish a joint venture with its controlling shareholder with a capital contribution of 0.18 billion yuan to expand the scale of its raw material base.
Fujian Qingshan Paper Industry (600103.SH) announced that the company plans to cooperate with its controlling shareholder, Fujian Light Textile (Holdings) Co., Ltd...
Fujian Qingshan paper industry (600103.SH): plans to jointly invest 90 million yuan to establish Fujian Qingshan forestry development Co., Ltd.
On August 19th, Gelonhui reported that Fujian Qingshan LinYe Development Co., Ltd. (the name is subject to the approval of the industrial and commercial department) was proposed to be jointly funded by the company and its affiliated Fujian Qiangfang and Provincial Salt Industry Co., Ltd. The registered capital of the joint venture is planned to be 180 million yuan, with all parties contributing in the form of money. Among them, Qingshan Paper Industry will contribute 90 million yuan, accounting for 50%; Fujian Qiangfang will contribute 45 million yuan, accounting for 25%; Provincial Salt Industry Company will contribute 45 million yuan, accounting for 25%.
Fujian Qingshan Paper Industry (600103.SH): Cancelling 2.28% of Repurchased Shares.
On August 12th, Gelunhui reported that Fujian Qingshan Paper Industry (600103.SH) announced that the company will cancel 52,562,760 shares in the company's repurchase special securities account, accounting for 2.28% of the total shares before cancellation. After the cancellation of the repurchased shares, the total share capital of the company will change from 2,305,817,807 shares to 2,253,255,047 shares. The registered capital of the company will be reduced from RMB 2,305,817,807 to RMB 2,253,255,047 accordingly. (The final share capital will be issued by the Shanghai branch of China Securities Depository and Clearing Co., Ltd. after the cancellation is completed).
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