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Changshu Fengfan Power Equipment Co., Ltd.'s (SHSE:601700) Stock Price Dropped 6.7% Last Week; Retail Investors Would Not Be Happy
Changshu Fengfan Power Equipment INvesting 50 Million Yuan to Establish Subsidiary
Changshu Fengfan Power Equipment (601700.SH): plans to establish a wholly-owned subsidiary with 50 million yuan.
On December 13, Gelonghui reported that Changshu Fengfan Power Equipment (601700.SH) announced that the sixth Board of Directors' eighth meeting would be held on December 13, 2024, in accordance with the long-term development Global Strategy and Business development needs, to review and pass the "Proposal on Investment to Establish a Wholly-Owned Subsidiary." The company agreed to invest in the establishment of a wholly-owned subsidiary using its own funds. The planned investment amount is 50 million yuan. The investment symbol is: Shenzhen Fengfan Shengda Technology Co., Ltd. (tentative name, subject to registration with the industry and commerce).
Fengfan Power Equipment Bags Chilean Electricity Project for $43 Million
Changshu Fengfan Power Equipment (601700.SH): Awarded the Chile No. 4/2024 exemption law expansion project G03 group.
Gelonghui, on November 25, reported that changshu fengfan power equipment (601700.SH) announced that on November 22, 2024, the Chilean National Electrical Coordination Office CEN published the "Chile Exemption Decree No. 4/2024 Expansion Project G03 Group (Increase in Capacity Line 2x220kV Nueva Zaldivar–Likanantai; Expansion in S/ETaltal (NTRATMT); Expansion in S/EKimal 220kV (IM);
Changshu Fengfan Power Equipment (601700.SH): Crystalline silicon products have not been applied in the new energy autos sector.
Gelonghui, on November 20, stated that changshu fengfan power equipment (601700.SH) mentioned on the investor interaction platform that the company's crystalline silicon products are not used in the new energy fund sector.
Lacklustre Performance Is Driving Changshu Fengfan Power Equipment Co., Ltd.'s (SHSE:601700) 25% Price Drop
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