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Oke precision cutting tools (688308.SH): plans to establish a holding subsidiary to invest in a 10 billion meter tungsten wire production line project.
On June 28th, Gelonhui reported that Oke Precision Cutting Tools (688308.SH) plans to establish a holding subsidiary Oke New Energy based on strategic planning and business needs, investing in the construction of a 10 billion tungsten wire production line project with a total investment of 145 million yuan. Oke New Energy has a registered capital of 50 million yuan, of which the company contributes 34 million yuan, accounting for 68% of the registered capital; Zhuzhou Oudong Investment Partnership Enterprise (Limited Partnership) contributes 16 million yuan, accounting for 32% of the registered capital. After completion, the project can increase the annual production capacity of 10 billion tungsten wires. The internal rate of return of this project is
Painful Week for Retail Investors Invested in OKE Precision Cutting Tools Co., Ltd. (SHSE:688308) After 11% Drop, Institutions Also Suffered Losses
Since the first half of 2024, oke precision cutting tools (688308.SH) has overall increased prices in the tool industry.
Oke Precision Cutting Tools (688308.SH) stated on the interactive platform on June 27th that since the first half of 2024, the overall price increase of cutting tool industry has not had a negative impact on sales.
Oke Precision Cutting Tools (688308.SH) plans to establish a subsidiary through foreign investment in Germany.
Oke Precision Cutting Tools (688308.SH) announced on June 20 that in order to improve the company's overseas strategic layout, promote communication and cooperation with overseas markets, further expand overseas business, and enhance the company's overall competitiveness, the company plans to invest 25,000 Euros from its own funds to establish a wholly-owned subsidiary, Oke Precision Cutting Tools Europe GmbH (temporarily named, subject to final registration) in Germany. The establishment of a wholly-owned subsidiary in Germany is an important layout of the company's overseas development strategy, which is conducive to promoting communication and cooperation between the company and overseas markets, enhancing the company's comprehensive strength, and strengthening its core competitiveness.
Oke Precision Cutting Tools (688308.SH): Cumulative expenditure of 30.13 million yuan to repurchase 0.79% of shares.
Oke precision cutting tools (688308.SH) announced on June 7th that as of the date of this announcement, the company's share repurchase plan has been completed. The company repurchased a total of 1,250,000 shares of the company through the Shanghai Stock Exchange trading system by means of centralized competitive trading. The proportion of the repurchased shares to the company's total share capital of 158,781,708 shares was 0.79%. The highest price for repurchase transactions was 33.50 yuan/share, the lowest price was 16.01 yuan/share, and the total amount paid was RMB 30,130,265.28 (excluding transaction fees such as stamp duty and trading commissions).
Oke Precision Cutting Tools (688308.SH): The company did not repurchase shares in May.
OKE Precision Cutting Tools (688308.SH) announced that in May 2024, the company did not repurchase any shares. As of May 31, 2024, the company has repurchased a total of 967,805 shares through the Shanghai Stock Exchange trading system through centralized competitive trading, accounting for 0.61% of the company's total share capital of 158,781,708 shares. The highest price for repurchase transactions is 33.50 yuan/share, the lowest price is 16.01 yuan/share, and the total amount paid is RMB 23,597,785.77 (excluding transaction fees such as stamp duty and brokerage fees).
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