FINWIRES · TerminalLIVE
FINWIRES

SHA:600549

6 stories mentioning SHA:600549Updated 15d ago

Every FINWIRES story that references SHA:600549, newest first.

Asia

Xiamen Tungsten Says No Undisclosed Data Behind Stock Fluctuation

Xiamen Tungsten (SHA:600549) experienced an abnormal stock fluctuation for three consecutive trading days, but its operations remain normal, according to a Shanghai bourse filing on Friday.The company's closing stock price between June 2 and June 4 was more than 20%, exceeding the bourse's threshold.The company's probe found that it does not have a significant disclosure that could affect its stock movement.The Chinese tungsten carbide manufacturer's shares rose 1% during morning trade.

SHA:600549
Asia

Xiamen Tungsten Unit to Apply for Beijing Bourse Listing

Xiamen Tungsten (SHA:600549) 65.2%-owned subsidiary Fujian Jinlong Rare Earth plans to apply for a public offering on the Beijing Stock Exchange.Fujian Jinlong Rare Earth, already trading on the NEEQ Innovation Level, aims to issue up to 319.7 million new shares to raise net proceeds of about 700 million yuan, according to a Sunday filing with the Shanghai bourse.Proceeds will fund a permanent magnet production line upgrade in Changting and Phase II of a 5,000-ton annual capacity neodymium-iron-boron magnet project.Shares of the tungsten carbide manufacturer were down 2% in recent trade.

SHA:600549
Asia

Xiamen Tungsten Says Company It Plans to Acquire Involved in Shareholder Dispute Case

Xiamen Tungsten (SHA:600549) said that a company it is interested in investing in is involved in a shareholder dispute case.Jiangxi Jutong Industrial, a company whose partial interests Xiamen Tungsten proposed to acquire, along with Fujian Rare Earth Group, was sued by Xiushui Jutong Investment Holding. The lawsuit was filed at the Wuning County People's Court in China, according to a Wednesday disclosure on the Shanghai bourse.The complaint concerned the disputed 48% stake in Jiangxi Jutong that Fujian Rare Earth owned.The lawsuit will not affect Xiamen Tungsten's operations, but will take measures to ensure the lawful advancement of the equity transfer transaction, the filing said.The Chinese tungsten carbide manufacturer's shares fell 2% during the morning trade.

SHA:600549
Asia

Xiamen Tungsten Units Secure Nearly 13 Million Yuan Capital Injection From Related Party

Xiamen Tungsten (SHA:600549) said a related party will acquire a stake in two of its subseries through a capital increase, according to a Saturday filing on the Shanghai bourse.Chuanghe Xincai (Xiamen) Manufacturing Industry Transformation and Upgrading Fund Partnership (Limited Partnership) will acquire 10% of Xiamen Shituo Jicheng Technology and will raise its capital by 5.6 million yuan.The partnership fund will also acquire 15% in Changting Zhuoer Technology and increase its capital by 7.2 million yuan, the filing said.

SHA:600549
Asia

Xiamen Tungsten Names Chairman; Shares Down 3%

Xiamen Tungsten (SHA:600549) appointed Zhong Kexiang chairman, according to a Friday disclosure on the Shanghai bourse.Zhong, who served as the company's executive vice president, will take over from Huang Changeng who resigned after reaching the statutory retirement age.The Chinese tungsten carbide manufacturer's shares fell less than 3% during the midday trade.

SHA:600549
Asia

Xiamen Tungsten Q1 Profit Up 189%; Shares Down 3%

Xiamen Tungsten (SHA:600549) posted first-quarter attributable net profit of 1.11 billion yuan, up 189% from 382.8 million yuan the previous year.Earnings per share rose to 0.6972 yuan from 0.2411 yuan, according to a Friday filing with the Shanghai bourse.Operating revenue climbed 87% year over year to 15.7 billion yuan from 8.42 billion yuan.Shares of the tungsten carbide manufacturer were down 3% in recent trade.

SHA:600549

Track with the FINWIRES app suite

FolioX
FolioX
Track SHA:600549 in your portfolio
WheelAI
WheelAI
Analyze SHA:600549 options with the wheel strategy
StockInsider
StockInsider
See market sentiment on SHA:600549