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Fujian Longking (600388.SH): Subsidiary plans to invest in the construction of the first and second stages of the Lago Cocho Salt Lake Source Network Storage Demonstration Project in Tibet.
On July 25th, Geelong announced that Tibet Laguocuo salt lake lithium mine is one of the few large-scale high-quality lithium salt lake deposits in China, with domestic reserves ranking top 5 and global reserves ranking top 20. Fujian Longking's controlling shareholder, Zijin Mining Group Co., Ltd. (referred to as "Zijin Mining"), holds 70% of the shares. Zijin Longking has completed Phase 1 of the project, which includes a 115MW+65MW/130MWh electrochemical energy storage system that can meet the daytime power, steam, and 5MW nighttime power demands of the Laguocuo lithium project. Currently, it is to meet the remaining 16-hour power supply needs of the Laguocuo lithium project.
Fujian Longking (600388.SH) plans to increase capital by 0.7 billion yuan to its wholly-owned subsidiary Zijin Longking.
Fujian Longking (600388.SH) announced that the company plans to invest 0.7 billion yuan of its own funds into its wholly-owned subsidiary, Zijin Longking...
Is The Market Rewarding Fujian Longking Co., Ltd. (SHSE:600388) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?
Fujian Longking Co., Ltd. (SHSE:600388) Might Not Be As Mispriced As It Looks
Fujian Longking (600388.SH): Shareholder Zijin Mining Group has cumulatively increased its shareholding by 1.0998%.
On Jul 1, Gelunhui reported that Fujian Longking received a notice from its controlling shareholder, Zijin Mining Group, stating that Zijin Mining Group will increase its shareholding in the company by 11,889,700 shares, accounting for 1.0998% of the total share capital, through centralized bidding from March 26, 2024 to July 1, 2024.
Be Wary Of Fujian Longking (SHSE:600388) And Its Returns On Capital
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