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Unpleasant Surprises Could Be In Store For Sinomach Automobile Co.,Ltd.'s (SHSE:600335) Shares
Sinomach Automobile (600335.SH): Plans to increase capital in Sinomach Finance in proportion.
Gelonghui November 18th | Sinomach Automobile (600335.SH) announced that Sinomach Finance was approved for establishment by the original China Banking Regulatory Commission in September 2003. It is a non-bank financial institution with corporate legal status, with shareholders being Sinomach Group and its 25 subsidiary companies. Among the company's wholly-owned subsidiaries, Jinqiao Trading Co., Ltd. contributed 147.2 million yuan to Sinomach Finance, with a shareholding ratio of 8.411%; among the company's wholly-owned subsidiaries, China Automotive Import and Export Co., Ltd. contributed 68.15 million yuan to Sinomach Finance, with a shareholding ratio of 3.894%; Sinomach Automobile's wholly-owned subsidiary, Mechanical Institute Four, contributed 1.6 million to Sinomach Finance.
Sinomach Automobile (600335.SH): The investee company Xinxin Technology has been petitioned for bankruptcy liquidation by creditors.
On November 15, Gelonghui reported that Sinomach Automobile (600335.SH) announced that it has recently learned that its affiliated company Xinpang (Zhuhai) Science and Technology Industry Development Co., Ltd. (referred to as "Xinpang Sci-Tech") was filed for bankruptcy liquidation by creditor Guangdong Xinpang Automation Equipment Group Co., Ltd. with the Intermediate People's Court of Zhuhai. The Intermediate People's Court of Zhuhai appointed the Beijing Deheng (Zhuhai) Law Firm as the front-end counselor, responsible for assisting in handling related matters.
Sinomach Automobile (600335.SH) announced a semi-annual equity distribution for 2024: a dividend of 0.025 yuan per share with the registration date of November 12th.
Sinomach Automobile (600335.SH) released the semi-annual equity distribution announcement for 2024, and the profit distribution for this time is based on the plan...
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