6 stories mentioning SHE:000688Updated just now
Every FINWIRES story that references SHE:000688, newest first.
GuoCheng Mining (SHE:000688) filed a revised draft for its major asset purchase and related-party transaction involving CITIC Trust's Xinhua No. 57 equity trust plan.The deal requires approvals by shareholders and other regulatory bodies, according to a Friday filing with the Shenzhen bourse.Shares of the miner rose 1% in recent trade.
GuoCheng Mining (SHE:000688) plans to repurchase between 300 million yuan and 600 million yuan of shares for up to 12 months, according to a Wednesday disclosure to the Shenzhen Stock Exchange.The mining company plans to repurchase between 6.7 million and 13.3 million shares at a maximum price of 45 yuan per share, representing 0.56% to 1.13% of its total share capital.The shares will be used for an employee stock ownership plan and an equity incentive plan, the company said. GuoCheng Mining may cancel the shares if they are not used for those purposes within 36 months.Shares rose 5% during afternoon trading on Wednesday.
GuoCheng Mining (SHE:000688) subsidiary Guocheng Lithium agreed to process about 48,000 tons of spodumene concentrate into battery-grade lithium carbonate for related party Tianjin Guocheng in a 126-million-yuan tolling deal.The agreement aims to support Guocheng Lithium's initial production ramp-up, with processing fees set at 21,000 yuan per ton and a minimum recovery rate of 84%, according to a weekend filing with the Shenzhen bourse.Shares of the miner closed 4% lower Monday.
Guocheng Mining (SHE:000688) forecasted that its net profit attributable to shareholders for the first half would have jumped by between 73% and 92% year on year to a range of 900 million yuan to 1 billion yuan, according to a Shenzhen bourse filing on Wednesday.The attributable profit a year earlier was 780.8 million yuan.Earnings per share is expected to have risen to between 0.76 yuan and 0.84 yuan from 0.70 yuan a year earlier.The Chinese mining company's shares dropped 4% at the close.
Guocheng Mining's (SHE:000688) controlling shareholder, Guocheng Holding Group, and its concerted party, Gansu Jianxin Industrial Group, disposed part of their stake in the company, according to a Friday disclosure on the Shenzhen bourse.Guocheng Holding and Gansu Jianxin offloaded 2,304,000 shares, or 0.19% of the company's total share capital, through centralized bidding between May 29 and June 11.The shareholders' combined shareholding in the company dropped from 66.18% to 65.99%.The Chinese mining company's shares jumped 8% during morning trade.
Guocheng Mining (SHE:000688) proposed to acquire 40% of Inner Mongolia Guocheng Industrial, according to a Shenzhen bourse filing on Saturday.The Chinese mining company dropped 3% during Monday's afternoon trade.The stake will be bought from CITIC Trust.The company plans to apply for a loan amounting to 1.70 billion yuan with Industrial and Commercial Bank of China (HKG:1398, SHA:601398) to pay the consideration for the acquisition.
