SHE:000559

2 stories mentioning SHE:000559Updated 65d ago

Every FINWIRES story that references SHE:000559, newest first.

Qianchao Advances Process for Wanxiang America Acquisition

Wanxiang Qianchao (SHE:000559) is advancing the process for the acquisition of Wanxiang America, according to a Shenzhen bourse filing on Tuesday.The Chinese auto parts manufacturer announced the acquisition in 2024.The transaction will be made through share placement and cash.The company said the transaction will continue, but the board of directors will reconvene at an appropriate time to discuss the acquisition.The company's shares fell 2% during the morning trade.

SHE:000559

Asia108d ago

Wanxiang Qianchao Q1 Profit Down 16%; Shares Slide 3%

Wanxiang Qianchao (SHE:000559) posted first-quarter attributable net profit of 246.8 million yuan, down 16% from 293.3 million yuan the previous year.Earnings per share declined to 0.074 yuan from 0.089 yuan, according to a weekend filing with the Shenzhen bourse.Operating revenue slipped 20% year over year to 2.80 billion yuan from 3.50 billion yuan.Shares of the auto parts manufacturer declined 3% in recent trade.

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