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Shanghai Sinotec Co., Ltd.'s (SHSE:603121) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Shanghai Sinotec Ends Plan to Issue Shares; Shares Jump 5%
shanghai sinotec (603121.SH): Termination of the issuance of stocks to specific objects through simplified procedures in 2024.
Grain News September 25th | Shanghai Sinotec (603121.SH) announced that since the company's first announcement of issuing stocks to specific parties through a simplified process, the board of directors, management, and intermediary institutions have been actively advancing various tasks. In August 2024, the securities service agency hired for this issuance and listing application was suspended from engaging in securities services for 6 months. Taking into account the capital market environment, industry development, company's global strategy, and business situation, after careful consideration, the company has decided to apply to Shanghai Stock Exchange to withdraw the application documents for issuing stocks to specific parties through a simplified process.
shanghai sinotec (603121.SH): plans to distribute 1.80 yuan per 10 shares in the first half of the year.
On September 25, Gelonhui reported that Shanghai Sinotec (603121.SH) has announced the interim profit distribution plan for 2024, intending to distribute a cash dividend of 1.80 yuan (including tax) per 10 shares to all shareholders based on the total share capital registered on the record date for equity distribution.
Shanghai Sinotec: Half-year report for the year 2024.
Shanghai Sinotec: Summary of Half-Year Report in 2024.
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