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Kehua to Establish Thailand Subsidiary and Production Base
Chinese Shares Closes With Losses; Wuxi Taiji, Kehua, Maanshan Close Around 5%
Kehua Holdings to Invest Up to $16 Million in Thai Production Base; Shares Down 3%
Kehua Holdings (603161.SH): Plans to invest no more than 16 million US dollars to establish a wholly-owned subsidiary in Thailand and build a production base in Thailand.
On December 19, Gelonghui reported that Kehua Holdings (603161.SH) announced that in order to align with the trend of international development and further expand into overseas markets, the company plans to invest no more than 16 million USD of its own funds to establish a wholly-owned subsidiary in Thailand and build a production base in Thailand. The investment funds are intended for establishing the subsidiary, constructing the factory and related facilities, purchasing and relocating equipment, company operations, and hiring professional Institutions among other related matters. The company will implement the construction of the Thailand production base in phases according to market demand and the progress of Business.
Shareholder Chen Wei of Kehua Holdings (603161.SH) has 22.7314 million shares frozen by a provisional ruling, accounting for 11.74% of the total share capital.
Kehua Holdings (603161.SH) announced that the company recently received a notice from China Securities Depository and Clearing Corporation Limited...
Kehua Holdings (603161.SH): 16.008 million unrestricted circulating shares held by Chen Wei will be sold off judicially.
On November 14, Kehua Holdings (603161.SH) announced that on November 14, 2024, the company learned through jd.com's online judicial auction platform that Mr. Chen Wei's 16,008,000 shares of unlimited circulating shares in the company will be judicially sold.
Kehua Holdings Co.,Ltd (SHSE:603161) Looks Inexpensive After Falling 30% But Perhaps Not Attractive Enough
