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Hengtong Optic-Electric Boosts Stake in Subsidiary for 304 Million Yuan
Haitong sec: Onshore wind turbine bidding is strong, and offshore wind will usher in a new growth cycle.
The fan bidding remains strong, with sustained high demand.
Hengtong Optic-Electric (600487.SH): plans to acquire 3.9111% of Hengtong Huahai shares.
On November 28th, Glonghui reported that hengtong optic-electric (600487.SH) announced that the company signed a "Share Transfer Agreement" with the National Development Manufacturing Industry Transformation and Upgrading Fund (Limited Partnership) (referred to as the "National Development Fund"), to acquire 21.25 million shares of its subsidiary Jiangsu Hengtong Huahai Technology Co., Ltd. (referred to as "Hengtong Huahai" or the "symbol company", formerly known as Jiangsu Hengtong Marine Optical Network System Co., Ltd.), held by the National Development Fund, which accounts for 3.9111% of Hengtong Huahai's total share capital for a transaction amount of 304.31 million yuan. After the completion of this transaction, the company's shareholding ratio in Hengtong Huahai will increase to 75.
Soochow Securities: Downstream deliveries in 24Q3 gradually increased, with a month-on-month improvement in wind turbine gross margin.
It is expected that the installed capacity of Haifeng will be 7-8GW in 2024, and 13-15GW in 2025, with an increase of 25% and 100% respectively.
Hengtong Optic-Electric Invests in 300 Million Yuan Partnership Fund
hengtong optic-electric (600487.SH) intends to participate in the investment of Su Chuang Gongrong private equity fund
Hengtong Optic-Electric (600487.SH) announced that the company has partnered with ICBC Capital Management Co., Ltd. (referred to as "ICBC Capital..."