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SHA:603435

6 stories mentioning SHA:603435Updated 20d ago

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Asia

Jiadeli Electronics Material Provides 490-Million-Yuan Loan to Subsidiary for Production Base

Quanzhou Jiadeli Electronics Material (SHA:603435) will provide 490 million yuan in initial public offering proceeds as an interest-free loan to wholly-owned subsidiary Xiamen Jiadeli.The funds will finance the phase one construction of the subsidiary's new materials production base, which has a total planned investment of 594.9 million yuan, according to a Wednesday filing with the Shanghai bourse.The loan term runs until project completion.Shares of the electrical film manufacturer closed 10% lower Wednesday.

SHA:603435
Japan

Chinese Shares Jump on Major Tech IPO Optimism; Jiadeli Electronics Material Surges 710%

Chinese shares jumped on Friday, as sentiment was fueled by optimism stemming from planned initial public offerings of major technology companies and the softer stance of China's state planner on foreign investments into the local tech sector.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.9% to 4,112.90. The Shenzhen Component Index jumped 2.3% to 15,597.30.Investors are snapping up tech stocks as optimism surrounding artificial intelligence surged ahead of massive IPOs from SpaceX, OpenAI and Anthropic.Also, China's National Development and Reform Commission said it had never instructed Chinese technology companies to refuse foreign investment, adding that foreign investment is welcome but needs to comply with domestic laws and regulations.In company news, Quanzhou Jiadeli Electronics Material (SHA:603435) shares closed at 127.68 yuan apiece at the end of their first day of trading on the Shanghai bourse. This marked a 710% jump from the electrical film manufacturer's IPO price of 15.76 yuan per share.

Shanghai Composite^SZSESHA:603435
Asia

Jiadeli Electronics Material Jumps 458% in Shanghai Trading Debut

Quanzhou Jiadeli Electronics Material (SHA:603435) shares opened at 88.00 yuan apiece on their first day of trading on the Shanghai bourse.This marked a 458% jump compared with the biaxially oriented polypropylene or BOPP electrical film manufacturer's initial public offering price of 15.76 yuan per share.

SHA:603435
Asia

China Stocks Fall Amid Anticipation of Trump-Xi Summit; Rare Earths Slide

Chinese stocks declined Tuesday as investors await with bated breath the outcome of the talks between Presidents Donald Trump and Xi Jinping.The Shanghai Composite Index, the main gauge of Chinese stocks, lost 0.3% or 10.53 points to reach 4,214.49. The Shenzhen Component Index fell 0.5% or by 74.38 points to 15,824.92.China and the U.S. should take a long-term view to ensure continuing trade and economic relations between the two countries, an editorial by the Communist Party's People's Daily newspaper said."Economic and trade relations continue to serve as the 'ballast' and 'propeller' of China-US relations," the editorial said.Meanwhile, the CSI Rare Earth Industry Index slid 3% during the closing bell, leading onshore declines. China Northern Rare Earth (Group) High-Tech (SHA:600111) plunged 6% while China Rare Earth Resources and Technology (SHE:000831) closed 4% lower.Ningbo Hicon Industry Technology (SHE:001237) priced its initial public offering at 53.26 yuan per sahre, while Jiadeli Electronics Material (SHA:603435) priced its offering at 15.76 yuan apiece.

Shanghai Composite^SZSESHA:600111SHA:603435SHE:000831SHE:001237
Asia

Jiadeli Electronics Material Targets 725 Million Yuan From Shanghai IPO

Quanzhou Jiadeli Electronics Material (SHA:603435) priced its initial public offering on the Shanghai Stock Exchange, seeking to raise up to 725 million yuan, according to a Shanghai bourse filing on Tuesday.The company will offer 46 million shares in the IPO.Quanzhou Jiadeli manufactures biaxially oriented polypropylene or BOPP electrical films.

SHA:603435
Asia

Jiadeli Electronics Material Launches Shanghai IPO

Quanzhou Jiadeli Electronics Material (SHA:603435) launched its initial public offering of up to 46 million shares on the Shanghai Stock Exchange on Thursday, according to a bourse filing.The maker of biaxially oriented polypropylene or BOPP electrical films will have 459,167,540 shares after the IPO.GF Securities is the lead underwriter of the offering.

SHA:603435

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