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Improved Revenues Required Before KraussMaffei Company Limited (SHSE:600579) Stock's 35% Jump Looks Justified
KraussMaffei (600579.SH) plans to change its stock abbreviation to "Sinochem Equipment".
KraussMaffei (600579.SH) issued an announcement that the company plans to change its name, as detailed below: The company's Chinese name...
Loss-making KraussMaffei (SHSE:600579) Has Seen Earnings and Shareholder Returns Follow the Same Downward Trajectory Over Past -17%
kraussmaffei (600579.SH): Intends to convert the debt owed by the fully owned subsidiary in Hong Kong to the company into equity in the subsidiary in Luxembourg
Geelonghui announced on November 29th, Kraussmaffei (600579.SH) and its associated shareholder, Equipment Hong Kong, are planning a significant assets restructuring, intending to convert Equipment Hong Kong's debt to equity in Krauss Luxembourg, a wholly-owned subsidiary of the company. After the completion of this trade, the company will no longer have control over Krauss Luxembourg. Since the publication of the "Announcement on Planning Major Assets Restructuring and Related Party Transactions," the company and all relevant parties have been actively advancing the overall progress of this transaction. As of the date of this announcement, the auditing, evaluation, and other work related to this trade has been basically completed and has been approved by the German Federal Ministry for Economic Affairs and Climate Action.
German export confidence slightly improved in November, the first time in six months.
A survey released on Tuesday showed a slight improvement in the export industry sentiment in Germany in November. Companies generally hold a cautious attitude towards overseas business development and are waiting to see which trade policies the newly elected US President Trump will implement. The Ifo Institute's export expectations index increased from -6.5 points in October to -5.9 points in November, the first rise in six months. Klaus Wohlrabe, director of the Ifo survey, said: "Companies feel uneasy, but are still waiting to see what trade policies Trump will ultimately implement." "In addition, since the election, the strong appreciation of the dollar may be advantageous."
Nation Ideal Market for Growth, KraussMaffei Says
KraussMaffei Company Limited (SHSE:600579) Looks Inexpensive After Falling 28% But Perhaps Not Attractive Enough
