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Tongkun Group Signs Land Recovery Agreement for About 1.8 Billion Yuan
Tongkun Group (601233.SH): Signed a framework agreement for Property land recovery.
On March 21, Geelong Exchange reported that Tongkun Group (601233.SH) announced that the company and its subsidiaries, Zhejiang Hesheng Chemical Fiber Co., Ltd. (hereinafter referred to as "Zhejiang Hesheng"), Tongxiang Hengchang Paper-Plastic Co., Ltd. (hereinafter referred to as "Hengchang Paper-Plastic"), and Tongxiang Hengyi Paper-Plastic Co., Ltd. (hereinafter referred to as "Hengyi Paper-Plastic"), signed the "Framework Agreement on the Recovery of Property Land between Tongxiang Economic Development Zone Infrastructure Construction Investment Co., Ltd. and Tongkun Group Co., Ltd. and its subsidiaries" on March 21, 2025, and hereby announces the relevant situation.
Tongkun Group (601233.SH): The application for the registration of medium-term notes has been approved.
On March 20, Gelonghui reported that Tongkun Group (601233.SH) announced that it recently received the "Acceptance of Registration Notice" (Zhong Shi Xie Zhu [2025] MTN267) issued by the National Association of Financial Market Institutional Investors on March 18, 2025. The notice states that the association has decided to accept the company's medium-term note registration. The registered amount for the company's medium-term notes is 5 billion yuan, and the registered quota is valid for 2 years from the date of the notice, with Industrial Bank Co., Ltd. serving as the lead underwriter. The company can issue medium-term notes in installments during the validity period of the registration.
Donghai Securities: International oil prices may show a V-shaped trend in 2025, with prices expected to rebound from the bottom in the second half of the year.
In 2025, international oil prices may present a V-shaped trend. The USA faces pressure on oil prices in the short to medium term due to inflation reduction and the need for the return of manufacturing, as well as the relaxation of production cuts by OPEC+. It is expected that the Federal Reserve will initiate new interest rate cuts in the second half of the year, and under the boost of the recovering economy in China, oil prices are expected to rebound from the bottom.
Should You Think About Buying Tongkun Group Co., Ltd. (SHSE:601233) Now?
SWHY: The supply and demand of ethylene glycol is narrowing, and profitability is expected to rise.
In 2023-2024, with the expansion of production capacity for downstream products like polyester filament and bottle flakes, the demand for ethylene glycol has significantly increased, driving a recovery in market conditions. It is expected that under tightening supply and demand, there is potential for the central price of ethylene glycol to continue to rise.
Is Tongkun Group (SHSE:601233) Weighed On By Its Debt Load?
