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SHA:600673

7 stories mentioning SHA:600673Updated just now

Every FINWIRES story that references SHA:600673, newest first.

Asia

Guangdong HEC Technology Receives Proposal to Repurchase Up to 600 Million Yuan of Shares; Shares Rise 10%

Guangdong HEC Technology (SHA:600673) received a proposal from controlling shareholder Shenzhen Dongyangguang Industrial Development to buy back between 300 million yuan and 600 million yuan of shares, according to a Friday disclosure to the Shanghai Stock Exchange.The shares will be bought back at up to 150% of the average trading price of Guangdong HEC Tech's shares in the 30 trading days prior to the board resolution approving the share buyback, the company said in its filing.Shares rose 10% during the midday break on Friday.

SHA:600673
Asia

Guangdong HEC Technology Unit Signs Up to 15-Billion-Yuan Computing Power Deal; Shares Up 5%

Guangdong HEC Technology (SHA:600673) controlling subsidiary Dongguan Dongyangguang Yunzhisuan signed a computing power service procurement contract with an undisclosed company for between 13 billion yuan and 15 billion yuan.The 60-month deal, effective July 10, involves providing high-performance chip-based computing services, with monthly billing after acceptance, according to a weekend filing with the Shanghai bourse.Shares of the electronic components manufacturer rose 5% in recent trade.

SHA:600673
Asia

Guangdong HEC Technology Signs Up to 200 Million-Yuan IDC Service Contract

Guangdong HEC Technology (SHA:600673) subsidiary Dongguan Yunzhisuan signed an IDC service contract with related party Qinyang Co.Estimated fees are up to 200 million yuan over 12 months, according to a Thursday filing with the Shanghai bourse, according to a Thursday filing with the Shanghai bourse.The agreement involves hosting equipment at Qinyang Co.'s data center, with Qinyang Co. providing the relevant technical services.Shares of the electronic components manufacturer rose 1% in recent trade.

SHA:600673
Asia

Guangdong HEC Technology Unit Secures 81.7 Million Yuan Capital Injection

Guangdong HEC Technology (SHA:600673) said China Great Wall Asset Management will inject 81.7 million yuan in new registered capital into its wholly owned subsidiary, Shenzhen Dongyangguang Formed Foil.The move will reduce the company's stake in the subsidiary to 85.96% from 100%, according to a Tuesday filing with the Shanghai bourse.The funds will be used to repay financial liabilities.Shares of the electronic components manufacturer rose 1% in recent trade.

SHA:600673
Asia

Chinese Stocks Rise On Positive Service Sector Data, Suspension of US' Project Freedom

Chinese equities gained after the market resumed following the Labor Day holiday, with sentiment being uplifted over the expansion of the service sector.The Shanghai Composite Index rose 1.2%, or 48.02 points, to close Wednesday's trade at 4,160.17. The Shenzhen Component Index jumped 2.3%, or 352.06 points, to 15,459.62.The RatingDog China General Services Business Activity Index accelerated to 52.6 in April from 52.1 in March due to new business growth, which was driven by new orders increasing for the 40th straight month.Adding to the positive sentiment was U.S. President Donald Trump's announcement to cease "Project Freedom", a plan to escort ships stranded in the Strait of Hormuz, amid efforts to strike a deal with Iran to end the war.In corporate news, Shenzhen Zhongjin Lingnan Nonfemet (SHE:000060) jumped 10% after completing the registration and establishment of a new subsidiary, Shaoguan Zhongjin Lingnan Wanhou Nonferrous Mining.Guangdong HEC Technology (SHA:600673) also climbed 10% after its unit, Dongyangguang Yunzhisuan, signed a framework computing power services contract valued between 16 billion yuan and 19 billion yuan.CCOOP Group (SHE:000564) inched 3.4% higher amid plans to sell its wholly-owned subsidiary, Changchun Meilifang Minsheng Shopping Center, via public bidding.

Shanghai Composite^SZSESHA:600673SHE:000060SHE:000564
Asia

HEC Technology Unit Secures Up to 19 Billion-Yuan Computing Services Contract; Shares Jump 10%

Guangdong HEC Technology (SHA:600673) subsidiary Dongyangguang Yunzhisuan signed a framework computing power services contract valued between 16 billion yuan and 19 billion yuan.Under the deal, Dongyangguang Yunzhisuan will procure and deploy high-performance computing servers, providing full-cycle services on a 60-month lease basis, according to a Wednesday filing with the Shanghai bourse.Shares of the electronic components manufacturer rose 10% in recent trade.

SHA:600673
Asia

Guangdong HEC Technology's Q1 Profit Plunges 57%, Revenue Up 27%

Guangdong HEC Technology (SHA:600673) posted first-quarter attributable net profit of 119.3 million yuan, down 57% from 278 million yuan the previous year.Earnings per share fell to 0.04 yuan from 0.095 yuan, according to a Tuesday filing with the Shanghai bourse.The electronic components manufacturer's revenue rose 27% year over year to 4.25 billion yuan from 3.35 billion yuan.Shares of the company climbed almost 3% in recent trade.

SHA:600673

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