The final chapter of the litigation battle between the two state-owned enterprises in Nanjing: Soho Holly Corporation's compensation is determined, with profits expected to decrease by over 30 million in 2024.|Quick read announcement.

① The judgment of the second instance (final judgment) of the lawsuit between Soho Holly Corporation and Nanjing Business & Tourism Corp., Ltd. is to reject the appeal and uphold the original ruling, with the former paying the latter 22.122 million yuan in goods payment and penalty; ② Both parties are state-owned enterprises and located relatively close to each other, but the litigation dispute has been prolonged, originating from a contract fraud committed by Soho Holly Corporation employees; ③ Soho Holly Corporation stated that this matter will impact the company's profit and loss for the year 2024, with the estimated amount being approximately 30.17 million yuan.

cls.cnJan 6 08:52 ET

After an announcement shook the market, shandong chenming paper's stock price dropped significantly in both A and H shares today, with many banks stating that there is currently no crediting cooperation.

①Affected by relevant news, today both A and H shares of Shandong Chenming Paper opened with significant declines. ②As a star enterprise in Shandong, Shandong Chenming Paper has been a key public relations and investment target of banks. ③Several banking professionals have told Caixin that they currently have no crediting cooperation with Shandong Chenming Paper. Some cooperating banks still maintain exposure, which is continuously decreasing.

cls.cnNov 20, 2024 01:07 ET

"Is life as fragile as paper"? Products have dropped in price, debts have defaulted, and the former leading company shandong chenming paper has stopped production on a large scale. | Speed ​​announcement

① Shandong Chenming Paper has 2.394 billion in overdue debts, with over 70% of its production capacity restricted; ② The company attributes its difficulties to industry shocks, but its performance has significantly lagged behind competitors; ③ The company's production halt has led to a shortage of white cardboard, which may help boost the market for white cardboard; ④ Besides papermaking, the company also has a considerable scale of financing leasing business; ⑤ As early as 2023, its financing leasing business has already faced a crisis.

cls.cnNov 19, 2024 09:57 ET

Move quickly! The board of directors decided less than a month ago that zhejiang orient financial holdings group acquired 1.65% stake in Hangzhou United Bankshares, and the acquisition target has not yet exceeded half.

①Comparing the 1.65% stake acquired this time with the previously announced acquisition target of approximately 3.94% stake, it can be seen that zhejiang orient financial holdings group's acquisition target this time has only achieved less than half; ② Within the year, multiple equity of united bankshares in Hangzhou has already landed on various major judicial auction platforms, but the results are not satisfactory; ③ The transfer of the equity of regional banks by local state-owned assets will help promote their healthy development, which is a good option.

cls.cnNov 5, 2024 02:52 ET

Market rotation between high and low speeds up! The new energy fund track collectively warms up, and the direction of mergers and reorganizations favors the strong.

Track the entire lifecycle of the main sector.

cls.cnOct 23, 2024 21:21 ET

There is a surge of major restructurings in central state-owned enterprises, with multiple giant capital operations like State Power Investment Corporation underway.

1. On Friday evening, spic industry-finance holdings and spic yuanda environmental-protection, subsidiaries of State Power Investment Corporation, released restructuring plans. The stocks will resume trading on Monday; 2. Central SOEs continue to make major moves in mergers and acquisitions, which will help accelerate the development of emerging industries and stimulate market vitality.

cls.cnOct 20, 2024 09:52 ET