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Loncin Motor Co., Ltd. (SHSE:603766) Screens Well But There Might Be A Catch
Loncin Motor (603766.SH): The controlling shareholder has changed to Zongshen Intelligent Manufacturing.
On December 24, Gelonghui reported that Loncin Motor (603766.SH) announced that on December 23, 2024, the manager received the "Securities Transfer Registration Confirmation" issued by the Shanghai Branch of China Securities Depository and Clearing Co., Ltd., which confirmed that on December 20, 2024, a total of 504,172,175 shares of Stocks held by Loncin Holdings were judicially transferred to Zongshen New Manufacturing, accounting for 24.5513% of the company's total share capital; a total of 318,709,695 shares of Stocks held by Loncin Holdings were judicially transferred to Yufu Capital, accounting for Loncin Motor's total share capital.
Loncin Motor (SHSE:603766) Has A Rock Solid Balance Sheet
Loncin Motor Elects Chair
China Galaxy Securities: The effect of the local subsidy policy is significant, driving the revival of the domestic car market.
According to the data from the Ministry of Commerce, as of October 24th, the national automobile scrappage renewal subsidy applications totaled 1.57 million, while local automobile replacement renewal subsidy applications reached 1.26 million. The growth rate of local subsidy applications is significantly faster than the national scrappage renewal application volume, which significantly boosts domestic demand.
While Individual Investors Own 39% of Loncin Motor Co., Ltd. (SHSE:603766), Private Companies Are Its Largest Shareholders With 50% Ownership
Loncin Motor Co., Ltd.'s (SHSE:603766) Shares Bounce 31% But Its Business Still Trails The Market
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