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Huachuang Securities Upgrades LB Group to Strong Buy From Add; Price Target Is 30.59 Yuan
02:49 AM EDT, 05/22/2024 (MT Newswires) -- Huachuang Securities Upgrades LB Group to Strong Buy From Add; Price Target is 30.59 Yuan Price (RMB): ¥22.08, Change: ¥-0.39, Percent Change: -1.74%
Longbai Group (002601.SZ): Honorary Chairman Xu Gang passed away
Gelonghui, May 21丨Longbai Group (002601.SZ) announced that the board of directors made a painful announcement. The company received a notice from the family of Mr. Xu Gang, the controlling shareholder, actual controller and honorary chairman of the company. Mr. Xu Gang unfortunately passed away on May 20, 2024 due to ineffective medical treatment, at the age of 61. Mr. Xu Gang directly holds 626,515,969 shares of the company, accounting for 26.25% of the company's total shares. He is the controlling shareholder and actual controller of the company. The company shares held by Mr. Xu Gang will go through succession procedures in accordance with laws and regulations, and the company will promptly fulfill its obligation to disclose information according to the progress of subsequent matters
Longbai Group (002601.SZ): Sale and termination of shares in the second phase of the Employee Stock Ownership Plan
Gelonghui, May 10, 丨 Longbai Group (002601.SZ) announced that the company implemented the second phase of the employee stock ownership plan in 2019. The lockdown period for the second phase of the employee stock ownership plan expired on June 6, 2020, and the original term expired on May 30, 2022. The duration period was extended twice in 2022 and 2023 (each time extended by one year), and the period will expire on May 30, 2024. As of the announcement date, the company shares held in the second phase of the company's employee stock ownership plan have been sold.
Insiders Were the Key Beneficiaries as LB Group Co., Ltd.'s (SZSE:002601) Market Cap Rises to CN¥52b
Key Insights LB Group's significant insider ownership suggests inherent interests in company's expansion The top 7 shareholders own 51% of the company Institutions own 12% of LB Group To get a s
Longbai Group (002601.SZ): The total number of shareholders of the company as of April 19, 2024 was 99,962
Gelonghui, April 30 | Longbai Group (002601.SZ) said on the investor interactive platform that as of April 19, 2024, the total number of shareholders of the company was 99,962.
Longbai Group (002601.SZ): In 2023, the company produced 1.1914 million tons of titanium dioxide and sold 1.158,900 tons of titanium dioxide
Gelonghui, April 30 | Longbai Group (002601.SZ) said on the investor interactive platform that the company's titanium dioxide products are all pigment-grade titanium dioxide. In 2023, the company produced 1.1914 million tons of titanium dioxide, sold 1.158,900 tons of titanium dioxide, and the revenue of titanium dioxide was 17.768 billion yuan, accounting for 66.38% of the company's revenue.
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