SHA:603315

2 stories mentioning SHA:603315Updated 25d ago

Every FINWIRES story that references SHA:603315, newest first.

Fu-An Heavy Industry's Controlling Shareholder to Offload 10% Stake; Shares Up 10%

Liaoning Fu-An Heavy Industry's (SHA:603315) controlling shareholder, Fuan Holding, plans to divest 10% of the company's stake for 449.2 million yuan, according to a Shanghai bourse filing on Thursday.Fuan Holding will transfer 32,040,000 shares to Zhuhai Hengqin Caidong Fund Management and Wuhan Zhenguo Private Fund Management. Both investors will hold 5% each.After the transaction, Fuan Holding's stake will decline to 40.86% from 50.87%, but it will remain as the company's controlling shareholder.The Chinese large steel castings manufacturer's shares jumped 10% during the morning trade.

SHA:603315

Asia48d ago

Liaoning Fu-An Heavy Industry Puts 6 Million Yuan into Investment JV

Liaoning Fu-An Heavy Industry (SHA:603315) agreed to invest 6 million yuan for a 60% stake in a new investment company formed with two directors and two external investors.Fu'an Investment Shenzhen, with registered capital of 10 million yuan, will engage in investment activities, asset management, venture capital and consulting services, according to a Tuesday filing with the Shanghai bourse.The company's vice chair and deputy general manager are each contributing 1 million yuan for 10% stakes.Shares of the large steel castings manufacturer closed less than 1% lower.

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