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The Five-year Decline in Earnings for Jinjian Cereals IndustryLtd SHSE:600127) Isn't Encouraging, but Shareholders Are Still up 72% Over That Period
Jinjian Cereals Ends Equity Custody Relationship With Yinguang Grain and Oil
Jinjian Cereals Industry (600127.SH): Termination of the equity custody relationship between the company and Silver Gu Light Grain and Oil.
Glory Enterprise reported on December 20 that Jinjian Cereals Industry (600127.SH) announced that it has received a notice from Hunan Provincial Reserve Grain Management Co., Ltd. (referred to as "Hunan Provincial Reserve Grain"). According to the "Guiding Opinions on Separating the Policy Functions and Operational Functions of Hunan Provincial Local Reserve Grain Management" and relevant documents of Hunan Grain Group Co., Ltd. (referred to as "Grain Group"), Hunan Silverlight Grain and Oil Co., Ltd. (referred to as "Silverlight Grain and Oil") has ceased its rice processing business, and will not continue to engage in the aforementioned business in the future, meaning there is no longer any industry competition between Silverlight Grain and Oil and the company. Accordingly, the company and Hunan Provincial Reserve Grain have reached an agreement.
Jinjian Cereals Industry Chair Resigns
jinjian cereals industry (600127.SH): Chairman Su Zhen resigns as director.
On November 27th, Gelonhui announced that Mr. Suzhen submitted a written resignation report. Due to work adjustments, Mr. Suzhen applied to resign from the positions of Chairman, Director, and member of the relevant special committees of the board of directors. After resigning from the aforementioned positions, Mr. Suzhen will not hold any position in the company. As of the date of this report disclosure, Mr. Suzhen does not directly or indirectly hold any shares of the company.
Jinjian Cereals Industry (600127.SH): Intends to implement asset swap with the controlling shareholder.
Geronghui, November 8th | Jinjian Cereals Industry (600127.SH) announced that the company plans to implement asset replacement with its controlling shareholder Hunan Grain Group Co., Ltd. (referred to as 'Hunan Grain Group'). Specifics include: (1) Asset transfer by the listed company: Hunan Grain Group intends to purchase 100% equity of the company's wholly-owned subsidiary Hunan Jinjian Import and Export Co., Ltd. (referred to as 'Jinjian Import and Export Company'), 100% equity of Jinjian Agricultural Products (Hunan) Co., Ltd. (referred to as 'Jinjian Agricultural Hunan Company'), 100% equity of Jinjian Agricultural Products (Yingkou) Co., Ltd. (referred to as 'Jinjian Agricultural Yingkou Company').
Jinjian Cereals Industry Co.,Ltd.'s (SHSE:600127) Revenues Are Not Doing Enough For Some Investors
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