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Xinhuanet (SHSE:603888) Could Be At Risk Of Shrinking As A Company
Xinhuanet Co., Ltd. (603888.SH) intends to increase its capital by 1 billion yuan in Guojin Securities Co., Ltd.
On July 31, Gelunhui reported that xinhuanet co., ltd. (603888.SH) plans to use its own funds of 1 billion RMB to increase capital to guojin company, a wholly-owned subsidiary of xinhua investment holding, and will hold 14.95% equity of guojin company after the capital increase is completed. Guojin company is not included in the company's consolidated financial statements. Xinhua investment holding holds 85.05% equity of Guojin company as its controlling shareholder. Guojin company is the property unit and operator of Guojin building. Guojin company plans to establish a project company and make it own the property rights of Guojin building with an assessed value of no less than 1.05 billion RMB.
Xinhuanet Co., Ltd. (603888.SH) announced its equity distribution for 2023: a dividend of 0.211 yuan per share.
Xinhuanet Co., Ltd. (603888. SH) announced that the annual equity distribution for 2023 will be implemented in accordance with the plan before...
Xinhuanet Co., Ltd.'s (SHSE:603888) Share Price Could Signal Some Risk
11% Earnings Growth Over 1 Year Has Not Materialized Into Gains for Xinhuanet (SHSE:603888) Shareholders Over That Period
Should Weakness in Xinhuanet Co., Ltd.'s (SHSE:603888) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
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