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SHA:600063

3 stories mentioning SHA:600063Updated just now

Every FINWIRES story that references SHA:600063, newest first.

Asia

Anhui Wanwei Updated High-Tech Material Industry Seeks to Raise Up to 2.3 Billion Yuan in Private Placement

Anhui Wanwei Updated High-Tech Material Industry (SHA:600063) proposed a private placement of up to 468.8 million shares to raise up to 2.3 billion yuan to controlling shareholder Wanwei Group.Proceeds will fund the 200,000 tons-per-year ethylene-based functional PVA resin project and a 30-million-square-meter-per-year PVA optical film project for high-generation displays, according to a Friday filing with the Shanghai bourse.Shares of the chemical manufacturer closed 7% lower Thursday.

SHA:600063
Asia

Anhui Wanwei Updated High-Tech Material Industry Sets Cap of 93.6 Million Yuan in Related-Party Deal with Conch Cement

Anhui Wanwei Updated High-Tech Material Industry (SHA:600063) signed a framework agreement with Anhui Conch Cement for 2026 daily related-party transactions totaling up to 93.6 million yuan.The move followed Conch Group's strategic restructuring to become the company's indirect controlling shareholder, according to a Friday filing with the Shanghai bourse.The deal covers goods sales and procurement as well as service provision. Products include limestone, steam, electricity, water and calcium carbide slag.The agreement takes effect upon Conch Cement's completion of Anhui Wanwei Updated High-Tech Material Industry's cement asset acquisition.Shares of the chemical manufacturer closed 7% lower Thursday.

SHA:600063
Asia

Wanwei Proposes Share Placement to Controlling Shareholder

Anhui Wanwei Updated High-Tech Material Industry (SHA:600063) proposed to place shares to its controlling shareholder, Anhui Wanwei Group, according to a Shanghai bourse filing on Friday.Proceeds from the share placement will be used to construct factories for PVA optical film for next-generation display panels and for ethylene-process functional PVA resin, with a total cost of 4.32 billion yuan. About 2.30 billion yuan will be financed through the share placement.Wanwei Group is expected to hold over 30% of the Chinese chemical fiber manufacturer's total shares after the transaction's completion.The company's shares dipped 7% at the close.

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