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Are Caihong Display Devices Co.,Ltd.'s (SHSE:600707) Mixed Financials The Reason For Its Gloomy Performance on The Stock Market?
Caihong Display Devices (600707.SH): Major shareholder's equity structure has changed.
Caihong Display Devices (600707.SH) announced that it has received a letter from its controlling shareholder, Xianyang Financial Holdings Group Co., Ltd. ("Xianyang Jingong"), stating that the actual controller of the company, Xianyang State-owned Assets Supervision and Administration Commission, has transferred its state-owned equity of 12.34% in Xianyang Jingong to Xianyang Industrial Investment Group Co., Ltd. ("Xianyang Chantu"), and Xianyang Jingong's equity structure has changed. According to the notice of Xianyang State-owned Assets Supervision and Administration Commission on the transfer of state-owned equity of Xianyang Financial Holdings Group Co., Ltd., Xianyang State-owned Assets Supervision and Administration Commission will transfer its state-owned equity of 12.34% in Xianyang Jingong.
China Galaxy Securities: Panel industry continues to decline, while AMOLED phones are in high demand.
China Galaxy Securities released a research report stating that the promotion performance of the panel industry was lower than expected, and terminal demand was slightly weak. However, the trend towards larger TV panels and increased penetration of AMOLED smartphones are still the main driving forces for industry development.
LGD's Guangzhou factory trade may land, and the consolidation of the panel industry is accelerating. It is expected that the voice of Chinese-funded manufacturers will be further enhanced.
Recently, it has been rumored in the market that the sale of LGD Guangzhou factory has entered the sprint stage. According to the Korean media ETNews, the buyer's due diligence for the project has been completed, and the two parties involved in the transaction have entered the negotiation stage of bargaining and trading terms. All three companies participating in the acquisition are mainland Chinese manufacturers, and the relevant transactions are accelerating. Market analysts believe that although the identity of the final buyer has not been confirmed yet, it is basically certain to be a mainland Chinese manufacturer; the production capacity of LGD Guangzhou factory is considerable, and the sale of this project means that LGD and other Korean enterprises will completely withdraw from the LCD field and accelerate the further integration of global LCD production capacity into mainland Chinese manufacturers.
Caihong display devices (600707.SH): will accelerate the construction of G8.5+ LCD panel glass production lines.
Caihong Display Devices (600707.SH) stated on the interactive platform on July 19th that they will accelerate the construction of the G8.5+ LCD substrate glass production line and organize implementation according to the planned timeline.
Caihong Display Devices Co.,Ltd.'s (SHSE:600707) Shares Lagging The Industry But So Is The Business
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