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Returns On Capital Signal Tricky Times Ahead For Tongkun Group (SHSE:601233)
Tongkun Group (601233.SH): Received a cash dividend from Zhejiang Petrochemical of 1 billion yuan.
According to a report on December 27 by Gelonghui, Tongkun Group (601233.SH) announced that Zhejiang Petroleum and Chemical Co., Ltd. (referred to as "Zhejiang Petrochemical") is a joint-stock company of Tongkun Group's wholly-owned subsidiary Zhejiang Tongkun Investment Co., Ltd. (referred to as "Tongkun Investment"), which holds 20% of Zhejiang Petrochemical's equity. According to the shareholder meeting resolution regarding profit distribution made by Zhejiang Petrochemical, Tongkun Investment will receive a cash dividend of 1 billion yuan. As of December 27, 2024, Tongkun Investment has received a cash dividend of 1 billion yuan from Zhejiang Petrochemical.
Here's Why Tongkun Group (SHSE:601233) Is Weighed Down By Its Debt Load
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东海证券: The petrochemical cycle has reached the bottom, and left layout is just right.
Generally, because the cycle of U.S. dollar repatriation has a significant impact on the global economy, the Federal Reserve starting a rate-cutting cycle often indicates the bottom of a petrochemical cycle.
Tongkun Group Co., Ltd.'s (SHSE:601233) Revenues Are Not Doing Enough For Some Investors
Is Tongkun Group (SHSE:601233) Weighed On By Its Debt Load?
