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Ningbo Fuda (SHSE:600724) May Have Issues Allocating Its Capital
We Think Ningbo Fuda (SHSE:600724) Can Stay On Top Of Its Debt
Is it photovoltaic materials instead of semiconductors? Ningbo Fuda plans to acquire control of Jingxin Materials | Quick read of the announcement.
① Ningbo Fuda announced tonight its intention to acquire control of Jingxin Materials through cash equity transfer or capital increase; ② Jingxin Materials mainly produces silver paste for solar photovoltaic applications, back silver paste, special conductive silver powder, and more; ③ There were earlier market rumors at the end of last year that Rongxin Semiconductors would inject into Ningbo Fuda, which the company denied.
Ningbo Fuda (600724.SH) intends to hold a controlling stake in Jingxin Materials to focus on the photovoltaic Silver powder-based electronic specialty materials sector.
Ningbo Fuda (600724.SH) announced that the company intends to acquire shares or increase capital through Cash...
Ningbo Fuda (600724.SH): planning to undertake a significant Assets reorganization.
On January 16, Gelonghui announced that Ningbo Fuda (600724.SH) plans to obtain control of Jingxin Materials through equity transfer or capital increase in cash to optimize the company's industrial structure and upgrade its capability, enhancing profitability and asset quality. On January 16, 2024, the company signed an "Investment Cooperation Intent Agreement" with the shareholders of Jingxin Materials, intending to acquire no less than 45% equity of Jingxin Materials, while the shareholder Hou Xiaobao will ensure that the listed company holds no less than 51% of the voting rights in the target company by entrusting or transferring no less than 6% of the voting rights to the listed company.
Despite Lower Earnings Than Five Years Ago, Ningbo Fuda (SHSE:600724) Investors Are up 103% Since Then
Ningbo Fuda Company Limited's (SHSE:600724) Low P/E No Reason For Excitement
