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Sino-Platinum Metals Co.,Ltd's (SHSE:600459) Market Cap Dropped CN¥380m Last Week; Individual Investors Bore the Brunt
Sino-Platinum Metals (600459.SH): The hydrogen fuel cell catalyst is currently in the laboratory scaling phase.
On December 26th, Gelonghui reported that Sino-Platinum Metals (600459.SH) announced on its investor interaction platform that the first phase of the Precious Metals E-Commerce platform has been launched. The app "Sino-Platinum Gold" can be downloaded for more information. The company's hydrogen Fuel Cell Energy catalyst has now entered the laboratory scaling phase and is continuously promoting product scaling verification. Meanwhile, the company has established a start-up based on hydrogen catalytic technology investment, laying the foundation for the industrialization and commercialization of Fuel Cell Energy.
Sino-Platinum Metals (600459.SH): Not currently involved in rare earth-related business.
On December 26, Gelonghui reported that Sino-Platinum Metals (600459.SH) stated on the investor interactive platform that the company is currently not involved in any rare earth-related business.
Sino-Platinum Metals (600459.SH): received government subsidies of 0.144 billion yuan.
On December 24, Gelonghui reported that Sino-Platinum Metals (600459.SH) announced that its wholly-owned subsidiary Yunnan Precious Metals Laboratory Co., Ltd. received a total government subsidy of 143,700,000.00 yuan (unaudited).
Sino-Platinum Metals (600459.SH): Plans to acquire 25% equity of Guiyan Gongcui for 19 million yuan.
On December 19, GeLonghui reported that Sino-Platinum Metals (600459.SH) announced plans to enhance the management decision-making capability and operational efficiency of its holding subsidiary, Yunnan Sino-Platinum Industrial Catalyst Co., Ltd. (hereinafter referred to as "Sino-Platinum Catalyst"), strengthen synergy effects, and improve the overall profitability and comprehensive strength of Sino-Platinum Catalyst. The company intends to acquire a 25% equity stake in Sino-Platinum Catalyst held by Lanzhou New Alliance Eco-friendly Concept Technology Co., Ltd. (referred to as "New Alliance Eco-friendly Concept"). After the completion of this acquisition, Sino-Platinum Catalyst will become a wholly-owned subsidiary of the company. The price of this equity trade is approximately 19 million yuan, subject to final third-party assessment recorded by the authorized Institutions.
Has Sino-Platinum Metals Co.,Ltd's (SHSE:600459) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Returns On Capital At Sino-Platinum MetalsLtd (SHSE:600459) Paint A Concerning Picture
