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Individual Investors Invested in Zhejiang RIFA Precision Machinery Co., Ltd. (SZSE:002520) Copped the Brunt of Last Week's CN¥456m Market Cap Decline
Key Insights Significant control over Zhejiang RIFA Precision Machinery by individual investors implies that the general public has more power to influence management and governance-related decisions
Rifa Seiki (002520.SZ): Supplier of bearing grinding machine equipment for Koyo Co., Ltd. and Shaft Research Institute
On April 2, Gelonghui (002520.SZ) said on the investor interactive platform that the company is a supplier of bearing grinding machine equipment for Guangyang Co., Ltd. and Shaft Research Institute. The company will actively pay attention to the development trends in emerging application fields such as the low-altitude economy, actively seize opportunities, and strive for more business volume.
Rifa Seiki (002520.SZ): A total cost of 1,826,200 yuan to buy back 340,000 shares
Gelonghui, April 1, 丨 Rifa Precision Machinery (002520.SZ) announced that as of March 31, 2024, the company had repurchased 340,000 shares of the company through a special stock repurchase securities account, accounting for 0.0425% of the company's total share capital; the highest transaction price was RMB 5.91 per share, the minimum transaction price was RMB 5.32 yuan/share, and the total transaction amount was RMB 1.826,200 (excluding transaction fees).
Rifa Precision Machinery (002520.SZ): Currently negotiating a viaduct five-axis gantry project for composite processing with Qingdao Wanfeng Airlines
Gelonghui March 26 | Rifa Precision Machinery (002520.SZ) said on the investor interactive platform that the company has been providing CNC processing equipment for Wanfeng Aowei and Wanfeng Jinyuan's subsidiary companies respectively for many years, including vertical machining centers, horizontal CNC lathes and horizontal CNC lathes. Currently, negotiations are under way with Qingdao Wanfeng Airlines for a viaduct five-axis gantry project for composite processing, but the project amount is relatively small and accounts for a very small proportion of the company's overall revenue. Investors are kindly requested to pay attention to investment risks.
Rifa Precision Machinery (002520.SZ): High-end intelligent equipment products cover products such as CNC lathes, vertical/horizontal machining, automatic assembly lines, etc.
Gelonghui, March 18 | Rifa Precision Machinery (002520.SZ) said on the investor interactive platform that the company's high-end intelligent equipment products cover products such as CNC lathes, vertical lathes, vertical lathes, high-end grinders and flexible production lines, automatic assembly lines, etc., and are mainly used in high-precision machinery and parts manufacturing industries such as high-end bearings, automobiles and components, and construction machinery.
Rifa Seiki (002520.SZ): Initial repurchase of 42,800 shares involving 234,600 yuan
Gelonghui (002520.SZ) announced on March 14, 2024, that on March 13, 2024, the company repurchased the company's shares for the first time, with 42,800 shares, accounting for 0.0053% of the company's total share capital; the highest transaction price of the repurchase was RMB 5.50 per share, the minimum transaction price was RMB 5.48 yuan/share, and the total transaction amount was RMB 2345.64 million (excluding transaction fees).
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