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Improved Revenues Required Before Xuancheng Valin Precision Technology Co., Ltd. (SHSE:603356) Stock's 32% Jump Looks Justified
Xuancheng Valin Precision Technology (603356.SH): There is still great uncertainty regarding the issuance of Stocks to specific entities.
Xuancheng Valin Precision Technology (603356.SH) announced that its Stocks will be... on December 10, 2024, and December 11, 2024...
Zheng Jianbo plans to "take control" of xuancheng valin precision technology, while sunwave communications previously acquired its venture at a huge cost but suffered significant losses | Quick read announcement.
① Xuancheng Valin Precision Technology plans to increase its capital by 30% of its shares, raising 0.453 billion yuan. After subscribing, Zheng Jianbo will replace the Huang Yuhua family as the new actual controller; ② The new owner, Zheng Jianbo, founded Giant Network Technology, which was acquired by Sunwave Communications for a huge sum, resulting in a goodwill impairment loss of 0.8 billion yuan for Sunwave Communications after the trade.
Xuancheng Valin Precision Technology (603356.SH): Zheng Jianbo will become the actual controller of the company.
Gelonghui reported on December 9 that xuancheng valin precision technology (603356.SH) announced that on December 6, 2024, the company signed a "Conditional Share Subscription Agreement for Issuing Stocks to Specific Objects" with Shangrao Juzhun Qiming Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as "Shangrao Juzhun"). The company plans to issue no more than 40,000,000 shares (including this number) to specific objects, which does not exceed 30% of the company's total share capital before the issuance, with the final issuance quantity subject to approval by the china securities regulatory commission (hereinafter referred to as "CSRC").
Xuancheng Valin Precision Technology (603356.SH): Stocks will resume trading from December 10.
On December 9, Gelonghui reported that xuancheng valin precision technology (603356.SH) announced further progress in planning significant matters by its actual controller, the Huang Yehua family (Huang Yehua, Ma Xiping, Huang Chao). The company has signed a "Conditional Subscription Agreement" regarding the stock issuance with Shangrao Juzhun Qiming Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as "Shangrao Juzhun"). This matter may lead to a change in the company's controlling shareholder and actual controller. Upon the company's application to the shanghai Stock Exchange, the company's stocks will resume trading on December 10, 2024 (Tuesday) at the market's opening.
xuancheng valin precision technology (603356.SH): plans to raise no more than 0.453 billion yuan through a private placement.
On December 9, Gelonghui reported that xuancheng valin precision technology (603356.SH) announced its plan to issue A-shares to specific entities for the 2024 fiscal year. The issuance object is Shangrao Juzhun Qiming Enterprise Management Partnership (Limited Partnership), which will subscribe for the shares being issued to specific entities in cash. The total amount of funds to be raised in this issuance plan does not exceed 453.2 million yuan (including the amount itself), and after deducting issuance expenses, it is intended to be used entirely to replenish working capital and repay interest-bearing liabilities. Before this private placement, the company's controlling shareholder is Huang Yehua, and the actual controllers are Huang Yehua, Ma Xiping, and Huang Chao.
Why Investors Shouldn't Be Surprised By Xuancheng Valin Precision Technology Co., Ltd.'s (SHSE:603356) 29% Share Price Plunge
