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citic sec: Four industry associations have spoken out, calling for the localization of chips, which has a significant guiding role in the direction.
On December 3, 2024, the four major industry associations of china's semiconductors/autos/internet/communication companies collectively issued a statement, firmly opposing the usa's export restrictions against china, stating that relevant chip products from the usa are no longer safe or reliable, and calling for the active use of chips produced by domestic and foreign enterprises in china.
Times Electric (03898): CRRC Asset Management intends to transfer approximately 9.3808 million shares of the company to the company's controlling shareholder CRRC Zhuzhou.
times electric (03898) announced that shareholder CRRC Asset Management intends to transfer approximately 9.3808 million shares of the company...
Times Electric (688187.SH): Different entities under the same controlling party intend to internally transfer shares.
On November 28, Gelonhui reported that Times Electric (688187.SH) announced that shareholder CRRC Asset Management Co., Ltd. ("CRRC Asset Management") intends to transfer 9,380,769 shares of the company, accounting for 0.66% of the company's current total share capital, through bulk trade to the controlling shareholder CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd. ("CRRC Zhuzhou Institute"). This change in equity is an internal shareholding adjustment among different entities under the same controlling shareholder, not involving reduction of holdings in the market. After this transfer, the proportion of shares held by the company's controlling shareholder CRRC Zhuzhou Institute will increase from 41%
Zhuzhou CRRC Times Electric Reports Strong Q3 2024 Growth
Zhuzhou CRRC Times Electric (HKG:3898) Might Be Having Difficulty Using Its Capital Effectively
China Galaxy Securities: Machinery Central SOEs Improve Profitability with High-Quality Development, Reshaping Value in the Wave of Gold Rush.
As of 2024/11/18, the proportion of central and local state-owned enterprises is 8% and 9% respectively, but their combined total market cap accounts for 30%, with the market cap of individual enterprises mainly ranging from 5-30 billion yuan.
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