Shanghai Hugong Electric Group Co.,Ltd. (SHSE:603131) Investors Are Less Pessimistic Than Expected

Shanghai Hugong Electric Group Co.,Ltd.'s (SHSE:603131) price-to-sales (or "P/S") ratio of 3.6x may not look like an appealing investment opportunity when you consider close to half the companies in

Simply Wall StJul 18 20:36 ET

0.53 billion yuan breakup fee! A-share market sees another high-value divorce, with the actual controller frequently reducing the shareholding in recent years.

Does the A share market not believe in love?

Gelonghui FinanceJul 13 05:49 ET

Shanghai Hugong Electric Group (603131.SH): The actual controller's divorce and property division will lead to a change in the controlling shareholder to Shu Zhenyu.

On July 12th, Gelunhui reported that Shanghai Hugong Electric Group (603131.SH) announced that it recently received a notice from Mr. Shu Hongrui and Mrs. Miao Liping. After court mediation, the two parties have terminated their marriage relationship and made relevant arrangements for the division of divorce property. Mr. Shu Hongrui should transfer his 39,707,455 shares of company's stocks (12.49% of the total share capital) to Mrs. Miao Liping's name before July 30th, 2024. After this change in equity, Mrs. Miao Liping will hold 61,358,455 shares of the company's stocks, accounting for 19.30% of the total share capital; Mr. Shu Hongrui holds 1.

Gelonghui FinanceJul 12 05:33 ET

Some Investors May Be Worried About Shanghai Hugong Electric GroupLtd's (SHSE:603131) Returns On Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Amongst other things, we'll want to see two things; firstly, a growing return on

Simply Wall StJun 26 01:44 ET

The Chinese version of “Starlink” is here! Honghu-3 constellation plan revealed, concept stocks soared

The trillion-level market is beckoning

Gelonghui FinanceMay 28 22:35 ET

Shanghai Shanghai Industrial (603131.SH): The actual controller plans to transfer 7.96% of the shares to Mingxin Optical Storage

Gelonghui, May 24, 丨 Shanghai Shanghai Industrial (603131.SH) announced that it received a notice from the controlling shareholder and actual controller, that Mr. Shu Hongrui signed a “Share Transfer Agreement” with Shanghai Mingxin Optical Storage Enterprise Management Co., Ltd. on May 22, 2024. Mr. Shu Hongrui plans to transfer his 25,314,077 shares of the company's tradable shares with unlimited conditions of sale to Shanghai Mingxin Optical Storage Enterprise Management Co., Ltd., accounting for 7.96% of the company's total shares. The transfer unit price of the underlying shares is RMB 13.88 per share, and the total transfer price of the underlying shares is RMB 351,359,3

Gelonghui FinanceMay 24 07:06 ET