SHA:600549

23 stories mentioning SHA:600549Updated 12d ago

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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

Asia149d ago

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

Asia149d ago

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

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