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Baosheng Science and Technology Innovation Wins 610 Million-Yun Power Cable Project; Shares Down 5%
Baosheng Science and Technology Innovation Co.,Ltd.'s (SHSE:600973) Shares Bounce 28% But Its Business Still Trails The Industry
Baosheng Science And Technology Innovation (600973.SH): Plans to change some of the raised funds investment projects and to postpone some fundraising projects.
On December 19, Gelonghui reported that Baosheng Science And Technology Innovation (600973.SH) announced that the total amount for the "annual production of 0.2 million tons of special polymer cable materials project" (hereinafter referred to as the "original fundraising project") is 674.2 million yuan, with a total fundraising investment amount of 489.1608 million yuan. As of September 30, 2024, 152.4037 million yuan of the raised funds has been used for the original fundraising project. According to the current actual construction situation and subsequent plans, after careful research by the company, it is proposed to extend the scheduled completion date of the annual production of 0.2 million tons of special polymer cable materials project to December 31, 2025.
Baosheng Science And Technology Innovation (600973.SH): Won the bid for a 0.61 billion yuan project from the Singapore Electrical Utilities Authority for electrical cables.
Gelonghui, December 19th丨Baosheng Science And Technology Innovation (600973.SH) announced that the company has recently won a bid for the Electrical Utilities cable project from the Singapore Power Authority, with a contract amount of approximately 0.61 billion yuan (including tax). This bidding project is for the Electrical Utilities cable project, which falls within the company's main Business scope, marking a further breakthrough for the company in overseas markets and export Business.
Does Baosheng Science and Technology InnovationLtd (SHSE:600973) Have A Healthy Balance Sheet?
baosheng science and technology innovation (600973.SH): Junjingshengda plans to reduce its shareholding by no more than 3%.
Gelonghui November 6th | Baosheng Science and Technology Innovation (600973.SH) announced that Junjing Shengda, due to its own global strategy development needs and the capital needs for external investments, plans to reduce its holdings of Baosheng Science and Technology Innovation stocks through the Shanghai Stock Exchange system in a centralized bidding and block trading manner. The number of shareholdings to be reduced shall not exceed 41,140,986 shares, i.e. not more than 3.00% of the total share capital of Baosheng Science and Technology Innovation.
Baosheng Science and Technology InnovationLtd (SHSE:600973) May Have Issues Allocating Its Capital
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