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SHA:600063

7 stories mentioning SHA:600063Updated 13d ago

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

Asia

Anhui Wanwei Seeks Up to 2.3 Billion Yuan from Share Sale to Controlling Shareholder

Anhui Wanwei Updated High-Tech Material Industry (SHA:600063) is looking to raise up to 2.30 billion yuan from the sale of shares to controlling shareholder Wanwei Group through a private placement of shares, according to a Friday filing with the Shanghai bourse.The number of shares to be issued will not exceed 30% of the total share capital before the private placement.Proceeds from the placement will help fund the ethylene-based functional polyvinyl alcohol resin project with a capacity of 200,000 tons per year, and a high-generation panel polyvinyl alcohol (PVA) optical film production project with a capacity of 30 million square meters, the filing said.

SHA:600063
Asia

Wanwei Updated High-Tech Material Gets Shanghai Bourse's Nod to Terminate Share Placement Plan

Anhui Wanwei Updated High-Tech Material Industry (SHA:600063) received approval from the Shanghai Stock Exchange to terminate its plan to place shares, according to a Shanghai bourse filing on Wednesday.The building materials manufacturer made the application to terminate the plan on July 30.The company's shares rose 2% at the close.

SHA:600063
Asia

Anhui Wanwei Terminates Private Placement Due to Sponsor Conflict

Anhui Wanwei Updated High-Tech Material Industry (SHA:600063) terminated its planned 2026 private placement of A-shares and will withdraw application documents from the Shanghai Stock Exchange, according to a Thursday filing with the bourse.The decision follows a strategic restructuring between Conch Group and Wanwei Group, resulting in Provincial State Capital Group acquiring 7.5% of the chemical producer's shares.As a result, Hua'an Securities, the designated sponsor for the issuance and under the control of Provincial State Capital Group, no longer qualifies as an independent sponsor of the offering.Shares of Anhui Wanwei slid 2% in recent trade.

SHA:600063
Asia

Anhui Wanwei Updated High-Tech Material Industry Directors Elect Chairman

Anhui Wanwei Updated High-Tech Material Industry (SHA:600063) director elected Zhu Shengli as chairman, according to a Friday disclosure to the Shanghai Stock Exchange.Shares close 2% lower on Friday.

SHA:600063
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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