5 stories mentioning SHA:600499Updated just now
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Keda Industrial (SHA:600499) will purchase a 6.82% stake in majority-owned Fujian Keda New Energy Technology for 168.2 million yuan, according to a Thursday filing with the Shanghai bourse.Following the transaction, Keda's stake in Fujian Keda New Energy will rise to 78.99% from 72.17%.Shares in the ceramic machinery and building materials maker fell nearly 1% during the afternoon session on Thursday.
Keda Industrial's (SHA:600499) unit Keda Manufacturing terminated its planned 7.47 billion yuan acquisition of a 51.55% stake in Tefu International, following the Shanghai Stock Exchange's rejection on Aug. 4.The transaction, which involved share issuance and cash payments, was intended to fully consolidate its overseas building materials subsidiary and expand its African building materials business.The Exchange reorganization committee ruled that the transaction did not meet restructuring conditions or information disclosure requirements, leading to the termination, according to a bourse filing on Monday.The termination will not affect Keda Manufacturing's control over Tefu International or its overseas business operations, which continue to develop steadily.
Keda Industrial Group (SHA:600499) will purchase the remaining 51.55% stake in Twyford International from 24 shareholders led by Sunda Group for up to 7.47 billion yuan, according to a Wednesday filing with the Shanghai Stock Exchange.The transaction will entail the issuance of more than 512.4 million shares, or 21.09% of the entire share capital of Keda, equivalent to 5.38 billion yuan at 10.50 yuan apiece, and about 2.09 billion yuan in cash.Upon completion, Twyford, a producer of ceramics, glass, sanitary ware, and other products for use in African countries, will become a wholly-owned subsidiary.Shares rose 10% during afternoon trading on Wednesday.
Keda Industrial Group (SHA:600499) forecasts its attributable profit will rise 69% to 83% to between 1.26 billion yuan and 1.36 billion yuan in the first half from 745 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.The ceramic machinery and building materials manufacturer attributed the possible growth to good pricing and continued production capacity.It also attributed the forecast to stable development in its ceramic machinery segment.
Keda Industrial Group (SHA:600499) completed the transfer of reserved grant shares that were part of its 2025 employee stock ownership plan, according to a Shanghai bourse filing on Saturday.The Chinese clean energy technology developer's shares fell 2% at the close of Monday's trade.The reserved grant shares were worth about 47.3 million yuan.About 12 million underlying shares, valued at 3.95 yuan each, were granted to 162 participants.
