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SHA:605488

2 stories mentioning SHA:605488Updated just now

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Asia

Fulai New Material Actual Controller to Sell 5% Stake for Nearly 368 Million Yuan

Zhejiang Fulai New Material (SHA:605488) said actual controller Xia Houjun and concert party Jinqu Management will transfer 5% of the company's shares to Guangdong Shiyun Circuit Technology for 367.5 million yuan.Following the transfer, the controlling shareholders will retain a 40.79% stake in the functional coating composite materials manufacturer, according to a Tuesday filing with the Shanghai bourse.

SHA:605488
Asia

Fulai New Material Buys 30 Million Yuan in Structured Deposit

Zhejiang Fulai New Material (SHA:605488) purchased a structured deposit of 30 million yuan from China Construction Bank after redeeming a previous investment.The 31-day principal-guaranteed product offers an expected annualized yield of between 0.65% and 1.90% and matures on June 15, according to a Friday filing with the Shanghai bourse.Shares of the functional coating composite materials manufacturer closed 3% higher Friday.

SHA:605488

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