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Shenzhen Gongjin Electronics Co., Ltd. (SHSE:603118) Not Doing Enough For Some Investors As Its Shares Slump 26%
Shenzhen Gongjin Electronics (603118.SH): Chairman Hu Zumin intends to reduce his shareholding by no more than 0.1394 million shares.
Gelonghui reported on April 3 that Shenzhen Gongjin Electronics (603118.SH) announced that the company's Chairman, Mr. Hu Zumin, plans to reduce his shareholding by no more than 139,425 shares through centralized bidding on the Shanghai Stock Exchange within three months after 15 trading days from the disclosure of this announcement (no shareholding reduction is allowed during the window period), accounting for 0.0177% of the company's total share capital. The reduction price will be determined based on market price.
Here's Why Shenzhen Gongjin Electronics (SHSE:603118) Has A Meaningful Debt Burden
Shenzhen Gongjin Electronics (603118.SH): Mainly focused on investment in the Asia Vets Sensor field.
On March 14, Gelonghui reported that Shenzhen Gongjin Electronics (603118.SH) stated on the investor interaction platform that the company primarily focuses on investments in the Asia Vets Sensor field, and the investment symbols are not within the scope of the company's consolidated financial statements. Sensor applications are widespread, covering multiple fields including Consumer Electronics and Autos.
Shenzhen Gongjin Electronics (603118.SH): Shanghai Gongjin Microelectronics plans to increase capital and expand shares. The company has waived its preferential subscription rights.
On March 7, Gelonghui reported that Shenzhen Gongjin Electronics (603118.SH) announced that Shanghai Gongjin Microelectronics intends to conduct another capital increase and stock expansion. The Small and Medium Enterprises Development Fund plans to invest 100 million yuan in Shanghai Microelectronics to subscribe to its newly increased registered capital of 24 million yuan, of which 24 million yuan will be allocated to registered capital, and the remaining 76 million yuan will be allocated to capital reserves. The company and other original shareholders of Shanghai Microelectronics intend to waive their priority contribution rights for this capital increase, involving a related transaction amount of 22.3684 million yuan. After the capital increase is completed, the company's equity ownership in Shanghai Microelectronics will change to 19.0.
Shenzhen Gongjin Electronics Co., Ltd.'s (SHSE:603118) Shares Bounce 45% But Its Business Still Trails The Industry