CHINA TELECOM has once again "released" an Insurance license. After listing Sweet Orange Insurance last month, the 100% stake of Zhongtong SUNSHINE INS Brokerage has also been put on the shelf.
① 100% equity of Zhongtong Sunshine Insurance Brokerage is being listed for transfer by CHINACOMSERVICE Hunan Company, with a minimum transfer price of 137.23 million yuan; ② Tianyi E-Commerce Co., Ltd. is also listing for transfer 100% equity of Sweet Orange Insurance Agency; ③ CHINA TELECOM is continuously transferring insurance licenses while intensively "clearing out" equity in multiple Financial Institutions including Banks and micro-finance.
Sufa Technology Industry's restructuring has led to a suspension of trading. After the symbol company's IPO "failed", it is now seeking to be listed through another avenue. | Quick Read Announcement
① Sufa Technology Industry, a leading nuclear valve manufacturer, is temporarily suspended due to a major Assets restructuring; ② After the target company's previous plan to raise 2 billion yuan on the Star board "failed", it is attempting to list again.
Four executives have new positions, and Ping An Insurance has made adjustments to some executive roles.
Fu Xin also serves as the Chief Financial Officer, Fang Fang concurrently acts as the Chief Risk Officer, and Zhang Zhichun takes on the role of General Assistant and is responsible for auditing.
This week adds 20 more! China State Construction Engineering Corporation and several other stocks disclosed shareholding and repurchase loan plans, a list of related A-share stocks is provided.
① The acceleration of Share Buyback and Shareholding through refinancing is being implemented, according to incomplete statistics from the Financial Association. As of the time of this report, 20 listed companies have disclosed information related to Share Buyback and refinancing this week (see attached table); ② The controlling shareholder of China State Construction Engineering Corporation has obtained a special loan with the maximum amount not exceeding 1.08 billion yuan. HMT (Xiamen) New Technical Materials Co., Ltd intends to increase its Share Buyback scale, and the next day's closing stock price hit the limit up.
A consortium including CRRC Corporation has won a $5.6 billion contract for metro construction in Dubai.
① The new metro contract in Dubai has been awarded to a consortium of Turkish and Chinese companies, with CRRC Corporation responsible for the railroads system; ② The blue line spans a total length of 30 kilometers, has three transfer stations, and upon completion, will cross the Dubai River for the first time through a 1300-meter-long bridge; ③ The blue line project is expected to generate a benefit-cost ratio of 2.60 by 2040, with anticipated total revenues exceeding 56.5 billion dirhams.
As the Spring Festival holiday approaches, the tourism Industry is expected to pick up, and these Concept stocks are frequently being investigated.
The Spring Festival holiday is from January 28 to February 4, 2025, totaling 8 days.