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Shinghwa Advanced Material's Unit Signs Purchase Deal With CATL; Shinghwa's Shares Rise 4%
Shida Shenghua (603026.SH): Contemporary Amperex Technology plans to purchase 0.1 million tons of Electrolyte from Shenghua Lianjiang.
On March 5, Glonghui announced that Shinghwa Advanced Material Group (603026.SH) has signed a "Strategic Cooperation Framework Agreement" with Contemporary Amperex Technology. The agreement stipulates that during the validity period of this agreement (from the effective date of this agreement until December 31, 2025), Contemporary Amperex Technology is expected to procure 0.1 million tons of Electrolyte from Shinghwa Lianjiang. The specific product names, specifications, unit prices, quantities, technical standards, etc. shall be subject to the orders or other written documents confirmed in writing by both parties.
There Is A Reason Shida Shinghwa Advanced Material Group Co., Ltd.'s (SHSE:603026) Price Is Undemanding
Shida Shinghwa Advanced Material Group (SHSE:603026) Is Carrying A Fair Bit Of Debt
Shenghua Chemical to Cancel Two Subsidiaries
Shidashenghua (603026.SH) plans to deregister part of its wholly owned subsidiaries.
On December 20, Gelonghui reported that Shida Shinhua (603026.SH) announced that the Board of Directors agreed to dissolve its wholly-owned subsidiaries, Qingdao Shinhua Supply Chain Co., Ltd. (referred to as "Qingdao Supply Chain") and Qingdao Shinhua Haichuang International Trade Co., Ltd. (referred to as "Qingdao Haichuang"), and authorized the company's management or its designated agents to handle the relevant matters of the dissolution of these wholly-owned subsidiaries, including but not limited to tax, business cancellation, and the cancellation of related licenses and permits, etc. Among them, Qingdao Supply Chain is to be merged by the company's wholly-owned subsidiary, Qingdao Shida Hairun Petrochemical Technology Co., Ltd., with all businesses, Assets, liabilities, and Other matters of Qingdao Supply Chain.
Shinghwa Advanced Material Group (SHSE:603026) Shareholders Have Lost 69% Over 1 Year, Earnings Decline Likely the Culprit
