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Shanxi Huaxiang Group Raises 210 Million Yen Through Shares Issue
Shanxi Huaxiang Group Co., Ltd.'s (SHSE:603112) Low P/E No Reason For Excitement
Huayu Automotive, Shanxi Huaxiang to Set Up JV; Huaxiang Shares Jump 6%
huayu automotive systems (600741.SH): Subsidiaries are planning to establish a joint venture with shanxi huaxiang group.
On September 29, Gelunhui reported that Huayu Automotive Systems (600741.SH) announced that its wholly-owned subsidiary, Huayu Automotive Systems (Shanghai) Co., Ltd., intends to sign the "Investment Agreement for Establishment of Joint Venture Company" and other related documents with Shanxi Huaxiang Group Co., Ltd. (referred to as Huaxiang Group). Huayu Shanghai plans to use its 100% equity of Huaxiang Shengdeman (Shanxi) Automotive Systems Co., Ltd., valued at approximately 183.9075 million yuan (tentatively agreed price), while Huaxiang Group intends to contribute approximately 429.1175 million yuan in cash (tentatively agreed price) to jointly establish Huaxiang Shengdeman (Shanghai) Automotive Systems.
Shanxi Huaxiang to Buy Thai Motor Parts Maker for 37 Million Yuan
Shanxi Huaxiang Group (603112.SH): intends to invest $6.75 million to establish a wholly-owned subsidiary in the United States.
On August 30th, Guolong reported that shanxi huaxiang group (603112.SH) announced that, according to the actual operation needs of the company, the company plans to cancel the capital increase to the WHI foundry, a subsidiary, and instead invest in establishing a wholly-owned subsidiary to improve the after-sales service system of the foundry and accelerate the established strategic goal of upgrading warehousing capacity. The company plans to contribute 6.75 million US dollars in cash to establish a wholly-owned subsidiary in the usa (hereinafter referred to as the "US subsidiary"), and the US subsidiary will become a wholly-owned subsidiary of shanxi huaxiang group and be included in the company's consolidated financial statements after its establishment.
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