Express News | Zhuzhou CRRC Times Electric - Agreed to Acquire 100% Stake in Crrc Commercial Vehicle for RMB106.9 Mln

ReutersDec 13 06:37 ET

Zhuzhou CRRC Times Electric Approves Key Financial Agreements

TipRanksDec 13 06:08 ET

TIMES ELECTRIC (688187.SH): Plans to acquire 100% equity of CRRC Commercial Vehicle Power for 0.107 billion yuan.

Glory Exchange reported on December 13 that TIMES ELECTRIC (688187.SH) announced that in order to effectively promote the sustainable and healthy development of TIMES ELECTRIC's New Energy Vehicle electric drive industry, and to build the core advantages of the full Industry Chain of new energy passenger and commercial vehicle "components + parts + systems", TIMES ELECTRIC intends to use its own cash to acquire 100% equity held by the shareholders of Hunan CRRC Commercial Vehicle Power Technology Co., Ltd. (hereinafter referred to as "this Trade"). After the completion of this Trade, the target company will become a wholly-owned subsidiary of the company and will be included in the company's consolidated financial statements. Hunan CRRC Commercial Vehicle Power Technology Co., Ltd. mainly engages in the Business of mid-to-high-end electric autos for new energy commercial vehicles.

Gelonghui FinanceDec 13 05:41 ET

Announcement Highlights | Air China Limited has completed the issuance of over 0.85 billion A-shares to AVIC Group; CHINA RES LAND's sales in November increased by nearly 7% year-on-year.

In the first 11 months, SINO-OCEAN GP's cumulative contracted sales amounted to approximately 30.6 billion yuan, with 3.73 billion yuan in contract sales for November; CHINA RES LAND's total contract sales amount for November was approximately 25.8 billion yuan, representing a year-on-year increase of 6.9%.

cls.cnDec 12 19:35 ET

Zhuzhou CRRC Times Electric's (HKG:3898) One-year Earnings Growth Trails the 44% YoY Shareholder Returns

Simply Wall StDec 12 17:28 ET

Zhuzhou CRRC Times Electric to Repurchase Up to 54.3 Million H Shares

MT NewswiresDec 6 06:27 ET