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Xiamen Tungsten Co.,Ltd.'s (SHSE:600549) Last Week's 3.3% Decline Must Have Disappointed Private Companies Who Have a Significant Stake
China Northern Rare Earth Ties Up With Xiamen Tungsten's Unit to Set Up 300 Million Yuan Joint Venture
Xiamen Tungsten (600549.SH): The invested New Materials Fund plans to participate in the capital increase of the invested company, Shituo Servo.
Gelonghui reported on December 30 that Xiamen Tungsten (600549.SH) announced that the company, Xiamen Electric Machine Industry Co., Ltd. (referred to as "Xiamen Electric Machine"), Chuanghe Xincai (Xiamen) Manufacturing Transformation and Upgrade Fund Partnership (Limited Partnership) (referred to as "Chuanghe Xincai"), Lusheng Asia Vets (Xiamen) Investment Partnership (Limited Partnership) (referred to as "Lusheng Asia Vets"), and Xiamen Shituo Servo Technology Co., Ltd. (referred to as "Shituo Servo") signed the "Capital Increase Agreement." The company's invested company Shituo Servo increased its capital by 30 million yuan (RMB, the same below) through a private agreement, of which the company invested in new materials.
Xiamen Tungsten (600549.SH): A controlling subsidiary intends to establish a joint venture with China Northern Rare Earth to construct a 5,000-ton rare earth oxide separation production line project.
Gelonghui reported on December 30 that Xiamen Tungsten (600549.SH) announced that in accordance with the national industrial overall planning and to fully leverage resource and technological advantages, the company's holding subsidiary, Jinlong Rare Earth, plans to jointly establish a venture called Northern Jinlong with China Northern Rare Earth. The registered capital of the joint venture is 300 million yuan, with Jinlong Rare Earth contributing 147 million yuan for a 49% stake; China Northern Rare Earth contributing 153 million yuan for a 51% stake; and the joint venture will invest in the construction of a 5,000-ton rare earth oxide separation production line project in the Kundu Region of Baotou.
Overview of the lifting of restrictions on A-shares | December 30
According to Zhichun Financial APP, on December 30, a total of 37 listed companies had their restricted shares unlocked, with a total market value of approximately 12.254 billion yuan. Today's specific situation of the restricted shares unlocked is as follows: Stock Abbreviation Stock Code Restricted Stock Type Number of Stocks Unlocked Henan Yuneng Holdings 001896 Placement of A-shares for original shareholders 0.205 billion Datang Telecom Technology 600198 Placement of A-shares for original shareholders 0.428 billion China National Software & Service 600536 Stock-based Incentive restricted circulation 0.7513 million Xiamen Tungsten 600549 Stock-based Incentive restricted circulation 3.6369 million Yueyang Forest & Paper 600963 Stock-based Incentive restricted circulation 0.27 million
Xiamen Tungsten Plans to Raise Subsidiary's Capital by 1 Billion Yuan
Xiamen Tungsten Co.,Ltd.'s (SHSE:600549) Shares Not Telling The Full Story
