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Shanghai Dazhong Public Utilities(Group) Co.,Ltd.'s (SHSE:600635) Shares Climb 30% But Its Business Is Yet to Catch Up
Volkswagen Public Service (600635.SH): Provides comprehensive transportation support services such as taxis and car rental, road passenger transportation, and chartered tours
Dazhong Public Utilities (600635.SH) stated on the interactive platform on July 26th that the urban transportation service sector of the company is mainly composed of joint venture company Dazhong Transportation (Group) Co., Ltd. Dazhong Transportation mainly focuses on developing segmented markets such as taxi operation and car leasing, providing comprehensive transportation supporting services such as taxi and car leasing, road passenger transportation, and tourist charter.
Hong Kong stocks surged | Shanghai Dazhong Public Utilities (01635) A shares achieved two consecutive daily limits, H shares rose more than 4%, and the stock price of its subsidiary Dazhong Transportation has doubled in a month.
Shanghai Dazhong Public Utilities (01635) A shares achieved two consecutive board limit, H shares rose more than 4%. As of press time, A shares were closed at the limit, H shares rose 4.8% to HKD 1.31, with a turnover of HKD 17.3327 million.
Hong Kong stock market update: Shanghai Dazhong Public Utilities (01635) A-shares hit the limit up and H-shares rose more than 8%. Its subsidiary Dazhong Transportation (Group) Co., Ltd. has risen more than 180% over 14 trading days.
Shanghai Dazhong Public Utilities (01635) and H shares rose together. As of the time of publication, A shares have reached their maximum daily gain limit, and H shares have risen 6.78% to HKD 1.26, with a turnover of HKD 9.281 million.
Shanghai Dazhong Public Utilities (01635) had 35 million A shares of its pledged shares released by its controlling shareholder, Dazhong Enterprise Management.
Dazhong Public Utilities (01635) issued an announcement that Shanghai Dazhong Public Utilities (Group) Co., Ltd., the controlling shareholder of the company, Shanghai Dazhong Enterprise Management Co., Ltd. (hereinafter referred to as 'Dazhong Management'), holds 556 million shares of the company's stock (including: 495 million A-shares and 61.178 million H-shares), accounting for 18.84% of the total share capital of the company. After the release of the pledge this time, Dazhong Management holds a cumulative pledge of 327 million shares of A shares of the company's stock, accounting for 58.78% of its shareholding. The number of shares pledged to be released this time is 35 million A shares, accounting for the total share capital of the company.
We Like These Underlying Return On Capital Trends At Shanghai Dazhong Public Utilities(Group)Ltd (SHSE:600635)
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