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Investors Aren't Buying Jihua Group Corporation Limited's (SHSE:601718) Revenues
Xinxing Ductile Iron Pipes (000778.SZ): The controlling Shareholder Jihua Group Corporation intends to increase Shareholding of 0.15 billion yuan to -0.3 billion yuan in the company.
On December 20, Gelonghui reported that Xinxing Ductile Iron Pipes (000778.SZ) announced that its controlling shareholder, Jihua Group Corporation (hereinafter referred to as "Jihua Group"), based on confidence in the future development prospects of Xinxing Ductile Iron Pipes and recognition of its medium to long-term value, plans to increase its shareholding in Xinxing Ductile Iron Pipes' A-shares within six months from the date of disclosure of this shareholding plan announcement, through methods permitted by the Shenzhen Stock Exchange (centralized bidding or block trading), with a total amount of no less than 0.15 billion yuan (inclusive) and not exceeding 0.3 billion yuan (inclusive), and not exceeding 2% of the total share capital of the listed company. This shareholding plan price.
Jihua Group Corporation (601718.SH): plans to spend 0.1 billion yuan to -0.2 billion yuan to repurchase shares.
Globe Exchange reported on December 6 that jihua group corporation (601718.SH) announced that the company plans to conduct a share buyback through centralized bidding and will use all repurchased shares for cancellation and reduction of the company's registered capital. The amount for the repurchased shares will not be less than 0.1 billion yuan (inclusive), and not more than 0.2 billion yuan (inclusive), with the repurchase price not exceeding 4.53 yuan/share (inclusive).
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