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There's Reason For Concern Over Jiangsu Pacific Quartz Co., Ltd's (SHSE:603688) Massive 29% Price Jump
Is Jiangsu Pacific Quartz Co., Ltd's (SHSE:603688) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Jiangsu Pacific Quartz (603688.SH): The company has signed a letter of intent for investment with the Maiji District of Tianshui City, Gansu Province, contrary to rumors about purchasing quartz mines.
Gelonghui, on March 10, announced that Jiangsu Pacific Quartz (603688.SH) has issued a clarification announcement. On the morning of March 10, 2025, the company noticed rumors circulating on online platforms regarding the purchase of quartz mines in Gansu. To help investors understand and discern the facts, the company has provided a clarification. On March 6, 2025, the company signed an investment intention agreement with the Maijiqu District of Tianshui City, Gansu Province, which is not related to the rumored purchase of quartz mines. The content of this agreement is to invest in the construction of a quartz materials industrial park project, with a total investment of no more than 0.6 billion yuan for the first phase. Once completed, the project will primarily produce high-purity quartz products and other related products.
Shareholders in Jiangsu Pacific Quartz (SHSE:603688) Are in the Red If They Invested a Year Ago
Risks To Shareholder Returns Are Elevated At These Prices For Jiangsu Pacific Quartz Co., Ltd (SHSE:603688)
Jiangsu Pacific Quartz (603688.SH): The fifth employee stock ownership plan has completed the purchase of stocks in the secondary market.
On January 24, Glorious Finance reported that Jiangsu Pacific Quartz (603688.SH) announced that as of the date of this announcement, the company's fifth employee stock ownership plan has completed the purchase of company stocks. The fifth employee stock ownership plan has cumulatively bought 1,404,550 company stocks through the secondary market via concentrated bidding, accounting for 0.2593% of the company's total share capital, with a total transaction amount of RMB 39,999,273.50 (excluding transaction fees). The lock-up period for this employee stock ownership plan is 12 months, counting from the date the company announces the completion of the purchase of the last symbol stock, which is from January 1, 2025.
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