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Summary of Ningbo Fubang Jingye Group's half-year report in 2024.
Ningbo Fubang Industrial Group Half Yearly Report for 2024.
Ningbo Fubang Jingye Group (600768.SH): intends to cancel its wholly-owned subsidiary.
According to the global strategy and actual operation situation, Ningbo Fubang Jingye Group (600768.SH) announced that, in order to further integrate resources and optimize the company's organizational structure, it has decided to cancel its wholly-owned subsidiary Ningbo Fubang Sports Culture Communication Co., Ltd. (referred to as "Fubang Sports") and authorize the company's management to handle the cancellation and other related matters.
Ningbo Fubang Jingye Group (600768.SH): Net loss of 13.616 million yuan in the first half of the year.
On August 12, 2024, Ningbo Fubang Jingye Group (600768.SH) released its semi-annual report, achieving revenue of 0.186 billion yuan during the reporting period, a year-on-year increase of 22.23%. The net loss attributable to shareholders of the listed company was -1.3616 million yuan. It is planned to distribute a cash dividend of 1.00 yuan (tax inclusive) per 10 shares to all shareholders.
ningbo fubang jingye group (600768.SH): intends to acquire no less than 51% equity of jiangyin electrical alloy.
Ningbo Fubang Jingye Group (600768.SH) announced on August 7th that for the further improvement of its profit-making ability and asset quality, the company plans to acquire control over Jiangyin Electrical Alloy by paying in cash. On August 7th, 2024, the company signed an 'equity acquisition intention letter' with the major shareholders of Jiangyin Electrical Alloy, Xinle Group and Wang Haitao, aiming to acquire no less than 51% equity of Jiangyin Electrical Alloy. The above agreement is only an intention agreement, expressing the cooperation intention of each party. The specific transaction plan and terms of the transaction shall be subject to the formal agreement signed by each party. Based on preliminary estimation, this transaction is expected to constitute a 'major asset reorganization of listed companies'.
Ningbo Fubang Jingye Group's performance is expected to be in deficit in the first half of 2024.
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