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Zhejiang Xinao Textiles Inc. (603889.SH): The subsidiary has been re-certified as a high-tech enterprise.
On December 26, Gelonghui reported that Zhejiang Xinao Textiles Inc. (603889.SH) announced that recently, the leading group office for the management of national high-tech enterprise recognition issued a notice regarding the filing of high-tech enterprises recognized by the recognition institutions in Zhejiang Province for 2024. Zhejiang Houyuan Textile Co., Ltd., a wholly-owned subsidiary of Zhejiang Xinao Textiles Inc., has been included in the filing list of high-tech enterprises recognized by the recognition institutions in Zhejiang Province for 2024, with certificate number: GR202433011519, valid for three years. The recognition of Houyuan Textile as a high-tech enterprise this time is based on the expiration of the previous certificate's validity.
Zhejiang Xinao Textiles Selling 40% Stake in Todd & Duncan for Nearly 19 Million Pounds
Zhejiang Xinao Textiles' (SHSE:603889) 19% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
Zhejiang Xinao Textiles Inc. (603889.SH): Duncan Company plans to introduce investor BARRIE to enhance the level of high-end cashmere spinning equipment.
Zhejiang Xinao Textiles Inc. (603889.SH) announced that its wholly-owned subsidiary TODD & DUNC...
Zhejiang Xinao Textiles Inc. (603889.SH): The subsidiary plans to increase capital and introduce investors.
On December 16, Gelonghui reported that Zhejiang Xinao Textiles Inc. (603889.SH) announced plans to strengthen Duncan Company's financial strength, enhance the level of high-end cashmere spinning equipment, and promote mutually beneficial development with strategic customers. The company intends to increase its investment in Duncan Company by 9.562255 million British Pounds in cash, raising Duncan Company's registered capital from 6.5 million British Pounds to 16.062255 million British Pounds. After the internal capital increase is completed, BARRIE is planned to be introduced as a new shareholder of Duncan Company, which intends to subscribe for Duncan Company's shares at a price of 1.76 British Pounds per share (rounded).
Zhejiang Xinao Textiles Inc. (603889.SH): The first production line of the "0.05 million spindles high-end fine spinning ecological yarn spinning and dyeing project" has entered the production stage with 0.02 million spindles in the first phase.
On November 26, Glorious Exchange reported that zhejiang xinao textiles inc. (603889.SH) announced the opening ceremony of its Vietnam branch on November 26, 2024. The first production line of the "50,000 spindle high-end fine spinning ecological yarn textile dyeing and finishing project" with 20,000 spindles has entered the production phase, and other production lines will undergo debugging work in phases and will be gradually put into production. It is expected that after the full production of the first phase with 20,000 spindles, it will form about 2,500 tons/year of coarse fine yarn production capacity and 5,000 tons/year of dyeing and finishing capacity. The "50,000 spindle high-end fine spinning ecological yarn textile dyeing and finishing project" is planned to be built.
