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Hengrun Heavy Industries Plans Up to 90 Million Yuan Share Buyback
Jiangyin Hengrun Heavy Industries (603985.SH): Intends to acquire equity of a subsidiary and cancel a wholly-owned subsidiary.
Hengrun Corporation (603985.SH) announced on November 21st that the board of directors agreed to transfer the 100% equity of Guangdong Lanrun New Materials Co., Ltd. (referred to as "Guangdong Lanrun") held by its wholly-owned subsidiary, Beijing Lanrun Technology Development Co., Ltd. (referred to as "Beijing Lanrun"), to the company for 25 million yuan. The board also approved the liquidation and cancellation of Jiaxing Guohe Zhiming Equity Investment Partnership Enterprise (Limited Partnership) (referred to as "Guohe Zhiming") held by Beijing Lanrun, with a subscribed capital of 450 million yuan, of which 1 million yuan has been paid. After the completion of the above procedures, the wholly-owned subsidiary Beijing will be dissolved.
Jiangyin Hengrun Heavy Industries (603985.SH): plans to spend 50 million to -90 million yuan to repurchase shares.
On November 21, GLONGHUI reported that jiangyin hengrun heavy industries (603985.SH) announced its plan to conduct a share repurchase through a centralized bidding trading method, intended for implementing stock-based incentives or employee stock ownership plans. The total amount for the repurchase is planned to be no less than 50 million yuan (inclusive) and not exceeding 90 million yuan (inclusive). The repurchase price of shares will not exceed 20 yuan per share (inclusive).
Hengrun Co., Ltd.: Report of Jiangyin Hengrun Heavy Industries Co., Ltd. for the third quarter of 2024
Jiangyin Hengrun Heavy Industry Co., Ltd. Report for the third quarter of 2024
Jiangyin Hengrun Heavy Industries (603985.SH) released its performance for the first three quarters, with a net loss of 73.6826 million yuan.
Jiangyin Hengrun Heavy Industries (603985.SH) released the third quarter report for 2024, during the reporting period the company achieved revenue...
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