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CHINA ORIENTAL (00581.HK): Completed the establishment of a joint venture with ArcelorMittal.
On December 20, Gelonghui announced that CHINA ORIENTAL (00581.HK) has issued a statement regarding the composition of joint ventures and slab supply arrangements. All prerequisites for establishing the joint venture company have been met in accordance with the terms of the joint venture agreement, and the joint venture company was established on December 20, 2024.
Orient Group Incorporation (600811.SH): The controlling shareholder and actual controller have not fulfilled their commitments.
On December 19, Gelonghui reported that Orient Group Incorporation (600811.SH) stated on the investor interaction platform that as of the date of this announcement, the commitments made by the company's controlling shareholder, Orient Group Limited, and its actual controller, Mr. Zhang Hongwei, have expired. The current restricted situation of the net deposits of the company and its subsidiaries at Orient Group Financial Limited Liability Company has not been resolved, and Orient Group Limited and Mr. Zhang Hongwei have not fulfilled the relevant commitments.
Orient Group Incorporation (600811.SH): 13.47% of shares held by the controlling shareholder have been provisionally frozen.
On December 10, Gelonghui reported that Orient Group Incorporation (600811.SH) announced that it recently received a notification stating that 492,822,091 unrestricted circulating shares held by its controlling shareholder, Orient Group Limited, have been temporarily frozen, accounting for 13.47% of the company's total share capital.
Investors Bid Orient Group Incorporation (SHSE:600811) up CN¥549m Despite Increasing Losses YoY, Taking One-year Return to 49%
orient group incorporation (600811.SH): The investigation is still ongoing.
On December 3, Gelonghui reports that Orient Group Incorporation (600811.SH) announced that the company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure regulations, with the case initiated on June 22, 2024. Currently, the company's various operational activities and business are proceeding normally. The investigation is ongoing, and the company has not yet received any conclusive opinions or decisions regarding the aforementioned investigation. During the investigation, the company will actively cooperate with the relevant inquiries from the China Securities Regulatory Commission and will disclose a risk announcement once a month to indicate the progress of the investigation. If the subsequent administrative penalty by the China Securities Regulatory Commission finds that the facts involve significant illegal activities leading to mandatory delisting, it will take effect.
Orient Group Incorporation (600811.SH): The largest shareholder has changed to Orient Group Limited.
On November 25, Gelonghui reported that Orient Group Incorporation (600811.SH) announced that it recently received notice that its major shareholder Tibet Orient Runlan Industrial Investment Co., Ltd. (hereinafter referred to as "Orient Runlan") would be judicially auctioned and the successful bid for 52,260,000 shares of the company from 10:00 on November 11, 2024, to 10:00 on November 12, 2024 (excluding delays), of which 39,000,000 shares have completed the transfer registration procedures on November 21, 2024. The number of shares held by Orient Runlan changed from 498,054,129 shares to 459.
Orient Group Incorporation (SHSE:600811 Investor Five-year Losses Grow to 65% as the Stock Sheds CN¥2.1b This Past Week
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