Xiamen Tungsten Plans to Raise Subsidiary's Capital by 1 Billion Yuan

MT Newswires23:49 ET

Xiamen Tungsten (600549.SH): The controlling subsidiary Xiamen Tungsten New Energy increases capital by 1 billion yuan to its wholly-owned subsidiary.

Gelonghui, December 20th丨Xiamen Tungsten (600549.SH) announced that in order to further optimize the capital structure of its subsidiary Jinglu New Energy, reduce its debt-to-asset ratio, ensure the sustainable development of Jinglu New Energy, and improve the company's Global Strategy planning, the company's controlling subsidiary Xiamen Tungsten New Energy intends to increase its capital by 1000 million yuan to its wholly-owned subsidiary Jinglu New Energy. After this capital increase, the registered capital of Jinglu New Energy will rise from 200 million yuan to 1200 million yuan. After the capital increase is completed, Xiamen Tungsten New Energy will still Hold 100% equity of Jinglu New Energy, which remains a wholly-owned subsidiary of Xiamen Tungsten New Energy.

Gelonghui FinanceDec 20 06:03 ET

Xiamen Tungsten (600549.SH): plans to use 0.4 billion yuan of raised funds to increase capital in Xiamen Honglu, for the implementation of the fundraising project "100 billion-meter photovoltaic tungsten wire production line construction project".

Gelonghui, December 20, Xiamen Tungsten (600549.SH) announced that the company will hold the eighth meeting of the tenth Board of Directors and the sixth meeting of the tenth Supervisory Board on December 20, 2024, to review and approve the proposal concerning the capital increase for Xiamen Honglu Tungsten Molybdenum Industry Co., Ltd. It was agreed that the company would use part of the raised funds, 0.4 billion yuan (RMB, same below), to increase the capital of the controlling subsidiary, Xiamen Honglu, to implement the fundraising investment project "100 billion meter photovoltaic tungsten wire production line construction project."

Gelonghui FinanceDec 20 06:02 ET

Is Xiamen TungstenLtd (SHSE:600549) Using Too Much Debt?

Simply Wall StDec 9 02:54 ET

Xiamen Tungsten (600549.SH): Xiamen Tungsten's subsidiary Xiamen Tungsten New Energy is currently conducting research and development on cathode materials for solid state batteries and solid state electrolytes.

Gelonghui November 22nd, xiamen tungsten (600549.SH) stated on the interactive platform that its subsidiary Xiamen Tungsten New Energy is conducting research and development on cathode materials for solid state batteries and solid electrolytes.

Gelonghui FinanceNov 22 05:05 ET

Raw material supply is tight! Many tungsten companies have raised long-term quotes, is a new cycle about to begin?

Tungsten prices aim for new highs.

Gelonghui FinanceNov 21 01:50 ET