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Zhejiang Tiancheng Controls Co., Ltd. (SHSE:603085) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
Zhejiang Tiancheng Controls (603085.SH): The controlling shareholder Tiancheng KTO transfers 5.10% of its shares.
On December 23, Gelonghui reported that Zhejiang Tiancheng Controls (603085.SH) announced that on December 22, 2024, the company received a notification that its controlling shareholder Tiancheng Ke Investment signed a "Stock Transfer Agreement" with Peking Yuancheng Asset Management Co., Ltd. (representing the Yuancheng Shanhua Wenyuan Private Securities Investment Fund, hereinafter referred to as "Yuancheng Fund"). Tiancheng Ke Investment transferred its 20,250,000 unrestricted circulating shares of Zhejiang Tiancheng Controls to Yuancheng Fund, which represents 5.10% of the company’s total share capital. The transfer price is 9.351 yuan per share, and the total amount for the share transfer is 189 million yuan.
Zhejiang Tiancheng Controls Receives Designation Notice for Car Seat Assembly
Zhejiang Tiancheng Controls (603085.SH): Received notification of project designation from the customer.
On December 3, Gelonghui reported that Zhejiang Tiancheng Controls (603085.SH) announced that it has recently received a notification of designated supply from a well-known domestic auto company for a passenger vehicle seat assembly project. The company has been confirmed as the designated supplier for this passenger vehicle seat assembly project for that client. According to the client's plan, mass production is expected to start in January 2025, with a project lifecycle of 2 years, and the total number of supporting passenger vehicles expected during the project cycle is 0.05 million vehicles.
Zhejiang Tiancheng Controls Co., Ltd.'s (SHSE:603085) Shares May Have Run Too Fast Too Soon
Zhejiang Tiancheng Controls Plans 400-Million-Yuan Investment for Thai Production Base
Even After Rising 14% This Past Week, Zhejiang Tiancheng Controls (SHSE:603085) Shareholders Are Still Down 38% Over the Past Year
