A-share notice selection | HK$54.8! Midea (000333.SZ) Hong Kong IPO price finalized

date
13/09/2024
avatar
GMT Eight
1. Midea Group Co., Ltd: H-share issue price is HK$54.8 per share Midea Group Co., Ltd announced that the company is conducting the issuance of H-shares and listing on the Main Board of the Hong Kong Stock Exchange. The final price for this H-share issue has been determined at HK$54.8 per share. The H-shares issued by the company are expected to be listed on the Main Board of the Hong Kong Stock Exchange on September 17, 2024. 2. 10-day trading suspension for Baoding Tianwei Baobian Electric: Internal decision-making process and approval from relevant regulatory authorities still need to be completed for the integration plan Baoding Tianwei Baobian Electric issued a risk warning announcement for its stock trading, stating that the stock price has experienced significant recent gains, which may be followed by a risk of a decrease after the large increase. The company's controlling shareholder, China Ordnance Equipment Group Co., Ltd., is in the process of integrating the transformer equipment business with China Electric Equipment Group Co., Ltd. This integration may lead to a change in the controlling shareholder of the company, with the internal decision-making process still needing to be completed, and approval from relevant regulatory authorities required. 3. Chongqing Sokon Industry Group Stock: Plans to inject 5 billion RMB into its wholly-owned subsidiary Chongqing Sokon Industry Group Stock Chongqing Sokon Industry Group Stock announced plans to inject 5 billion RMB of its own funds into its wholly-owned subsidiary Chongqing Sokon Industry Group Stock, increasing the registered capital of Chongqing Sokon Industry Group Stock to 9.96 billion RMB. This capital injection aims to strengthen the automotive capital strength of Chongqing Sokon Industry Group Stock, optimize the capital structure, reduce the asset-liability ratio, and promote sustainable high-quality development. The capital injection has been approved by the board of directors, does not require approval from shareholders, and is not considered a related party transaction or a major asset restructuring. 4. Goertek Inc.: Plans to list its subsidiary Goertek Micro on the Main Board of the Hong Kong Stock Exchange Goertek Inc. announced its plans to list its subsidiary Goertek Micro on the Main Board of the Hong Kong Stock Exchange. After this spin-off is completed, there will be no significant changes to the shareholding structure of Goertek Inc., and it will maintain control over Goertek Micro. 5. Lontrue Co., Ltd.: Under investigation by the China Securities Regulatory Commission for suspected illegal disclosure of information Lontrue Co., Ltd. announced that it has received a "Notice of Case Filing" from the China Securities Regulatory Commission, which has decided to open a case against the company for suspected illegal disclosure of information. According to the company's self-examination, the main reason for this case is the company's former controlling subsidiary Youshilianhe's involvement in suspected fraudulent transactions. 6. Shenzhen Coship Electronics: Ordered to compensate investors for losses of 6.758 million RMB in a first-instance ruling Shenzhen Coship Electronics announced that it has recently received a "Civil Judgment" and "Civil Order" from the Intermediate People's Court of Shenzhen, Guangdong Province, regarding a lawsuit claim involving 114 investors such as Zhu Xiumei, with a first-instance ruling allowing investors like Hou Xiangdong to withdraw their claims. According to the judgment, the company must compensate Zhu Xiumei and 114 other investors for losses totaling 6.758 million RMB, and also bear the case acceptance fee of 122,500 RMB. This ruling is a first-instance ruling, and the case has not been concluded yet, so the company cannot determine the impact on its finances. 7. Enjoyor Technology: Under investigation by the Securities and Exchange Commission for suspected illegal disclosure of information Enjoyor Technology announced that it has received a "Notice of Case Filing" from the Securities and Exchange Commission, as the company is suspected of illegal disclosure of information. 8. Chongqing Hifuture Information Technology: Stock will be subject to other risk warnings Chongqing Hifuture Information Technology announced that, according to the relevant regulations of the Shenzhen Stock Exchange, its stock will be subject to other risk warnings. The stock abbreviation will be changed from "Chongqing Hifuture Information Technology" to "ST Huicheng," and the stock will be suspended from trading for one day starting September 18, 2024, and resume trading on September 19, 2024. 9. Shanghai STEP Electric Corporation: Company director Jin Xinhai has been arrested on suspicion of embezzlement Shanghai STEP Electric Corporation announced that on September 12, the company received a notification from the public security agency that its director and former deputy general manager Jin Xinhai has been approved for arrest by the People's Procuratorate of Jiading District, Shanghai, for suspicion of embezzlement. This matter will not affect the normal operation of the company's board of directors or the effectiveness of its resolutions. 10. Yangzhou Yaxing Motor Coach: Submitted an application to the Shanghai Stock Exchange to withdraw its listing Yangzhou Yaxing Motor Coach announced that, in accordance with the requirements of the "Shanghai Stock Exchange Listing Rules," the company submitted an application to the Shanghai Stock Exchange on September 13 to withdraw its listing. The exchange will decide whether to accept the application.Intend to terminate the major asset restructuring and change it to a cash acquisition of assets.Harson Trading (China) Co., Announcement, In order to accelerate the trading process, improve trading efficiency, and reduce trading costs, the company plans to terminate the original issuance of shares to purchase assets and raise matching funds as well as related party transactions, and intends to adjust to cash acquisition of 45% equity of Suzhou Langkes and 55.2% equity of Jiangsu Langxun (referred to as "this cash acquisition of assets"). After the completion of this cash acquisition of assets, the company will control 55% equity of Suzhou Langkes and 65.2% equity of Jiangsu Langxun. COSCO Shipping Energy Transportation: Two single ship companies sign shipbuilding contracts COSCO Shipping Energy Transportation announced that Farstar LNG Shipping Co., Ltd. and Farze LNG Shipping Co., Ltd., in which the company indirectly holds 100% of the shares, signed shipbuilding contracts with joint sellers (Dalian Shipbuilding Industry Group Co., Ltd., China CSSC Industrial Trading Company) on September 13. It was agreed that Dalian Shipbuilding Industry Group Co., Ltd. will build two 175,000 cubic meters LNG carriers for the two single ship companies. The total contract price for the two ships is approximately 3.46 billion yuan. Lecron Industrial Development Group: Under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws and regulations Lecron Industrial Development Group announced that on September 12, the company received a "Notice of Filing" from the China Securities Regulatory Commission, stating that the company is suspected of violating information disclosure laws and regulations, and the China Securities Regulatory Commission has decided to file a case against the company. Increase and Decrease Holdings 1. JZJ Chain Drugstore Corporation: A concerted action by the controlling shareholder to increase holdings in the company's shares 2. Beijing InHand Networks Technology: Nanshan Aster intends to reduce its holdings in the company by no more than 3% 3. HMT (Xiamen) New Technical Materiasls Co., Ltd: Shareholders intend to reduce their holdings in the company by no more than 2.08% Share Repurchase 1. Nextool Technology: Plans to repurchase shares with 20 million to 30 million yuan 2. Zhejiang Risun Intelligent Technology: Plans to repurchase company shares with 10 million to 20 million yuan Major Contracts Greattown: Holding subsidiary signs a 759 million yuan advanced computing technology services project contract This article is reprinted from "Tencent Stock Selection", GMTEight editing: Li Fo.

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