China Shuta (08623): Proposed establishment of a joint venture to develop and operate charging facilities for non-motor vehicles
According to Zhitong Finance App, China's Shuta (08623) announced that on March 12, 2024, Hainan Shuta, an indirect wholly-owned subsidiary of the company, and Yi Heng Tengyu, entered into joint company rules for the establishment of a joint venture. Hainan Shuta and Yi Heng Tengyu will hold 51% and 49% of the shares in the joint venture, respectively. The joint venture will be mainly engaged in the development and operation of charging facilities for non-motor vehicles. Currently, the joint venture is not in business. The joint venture will be recognized as an indirect non-wholly-owned subsidiary of the company and will be incorporated into the accounts with the company.
China Shuta (08623) announced the 2023 results, the loss attributable to owners of 6.044,000 yuan increased by about 1.79 times year-on-year
According to the Zhitong Finance App, China's Shuta (08623) announced its 2023 results, with revenue of about 245 million yuan, a year-on-year decrease of about 67.7%; loss attributable to company owners was 6.044 million yuan, an increase of about 1.79 times over the previous year; and a loss of 6.53 points per share.
CHINA SAFTOWER: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
China Shuta (08623) is expected to achieve a net loss of no less than 56 million yuan per year
China's Shuta (08623) announced that the Group expects to obtain quite a bit for the year ending December 31, 2023...
CHINA SAFTOWER: 2023 THIRD QUARTERLY REPORT
CHINA SAFTOWER: ANNOUNCEMENT OF THIRD QUARTERLY RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2023
China Saftower International Holding Group Limited (HKG:8623) Stock Rockets 60% As Investors Are Less Pessimistic Than Expected
China Saftower International Holding Group Limited (HKG:8623) shares have had a really impressive month, gaining 60% after a shaky period beforehand. Unfortunately, the gains of the last month did
CHINA SAFTOWER: SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO THE ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
China's Shuta (08623.HK) had an interim net loss of 10 million yuan
GLONGHUI, August 14丨China's Shuta (08623.HK) announced that in the six months ending June 30, 2023, the Group recorded a turnover of about RMB 131 million, a decrease of about 62.5% from 2022. The main reason for the decline in revenue came from Ya'an Baosheng Metal Materials Co., Ltd. (a subsidiary in which the company owns 70% of the company's shares) cast and rolled coils, about RMB 233 million. The Group recorded losses attributable to company owners of approximately RMB 10 million (same period last year: loss of RMB 12 million). The directors believe that the decline in net loss is mainly due to the reduction in financing costs during this period
CHINA SAFTOWER: 2023 INTERIM REPORT
CHINA SAFTOWER: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2023
China Shuta (08623.HK) subsidiary sells aluminum casting, rolling coil and aluminum foil equipment, plant and labor
GLONGHUI July 25丨China Shuta (08623.HK) announced that on July 25, 2023, Ya'an Baosheng Metal Materials Co., Ltd. (“potential seller”, a limited liability company incorporated in China and an indirect non-wholly-owned subsidiary of the company) and Taizhou Heyu New Materials Technology Co., Ltd. (“potential buyer”) signed a non-legally binding memorandum of understanding. According to the Memorandum of Understanding, the potential seller intends to transfer and the potential buyer intends to purchase (including) all equipment (including any liabilities attached thereto), plant and labor relating to the production of aluminum castings and foils (“potential
China's Shuta plans to buy the remaining 30% of Ya'an Baosheng Metal Materials for 4.2 million yuan
China's Shuta (08623) announced that on July 7, 2023, the company's wholly-owned subsidiary Shuta Enterprise Management (Guangyuan) Co., Ltd. plans to acquire 30% of the shares of Ya'an Baosheng Metal Materials Co., Ltd. from Qing Chunlin at a total cost of RMB 4.2 million. Prior to the acquisition, the target company was 70% owned by the group and was a subsidiary of the company, and its financial results were incorporated into the group's financial results. Sales equity refers to 30% of the issued share capital of the target company, so after completion, the target company will become an indirect wholly-owned subsidiary of the company.
China's Shuta (08623) plans to acquire the remaining 30% of the shares of Ya'an Baosheng Metal Materials for 4.2 million yuan
According to the Zhitong Finance App, China's Shuta (08623) announced that on July 7, 2023, the company's wholly-owned subsidiary Shuta Enterprise Management (Guangyuan) Co., Ltd. plans to acquire 30% of the shares of Ya'an Baosheng Metal Materials Co., Ltd. from Qing Chunlin (without any property rights burden) at a total cost of RMB 4.2 million. Prior to the acquisition, the target company was 70% owned by the group and was a subsidiary of the company, and its financial results were incorporated into the group's financial results. Sales equity refers to 30% of the issued share capital of the target company, so after completion, the target company will become an indirect wholly-owned subsidiary of the company.
CHINA SAFTOWER: 2023 FIRST QUARTERLY REPORT
CHINA SAFTOWER: ANNOUNCEMENT OF FIRST QUARTERLY RESULTS FOR THE THREE MONTHS ENDED 31 MARCH 2023
CHINA SAFTOWER: PROFIT WARNING
CHINA SAFTOWER: NOTICE OF BOARD MEETING
China Shuta: 202 Annual Report
Shu Pagoda, China: third quarter report of 2022
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