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SHE:002085

4 stories mentioning SHE:002085Updated 33d ago

Every FINWIRES story that references SHE:002085, newest first.

Asia

Zhejiang Wanfeng Auto Wheel Completes Purchase of 28% Stake in Aircraft Maker

Zhejiang Wanfeng Auto Wheel (SHE:002085) completed the purchase of a 28.05% stake in Wanfeng Aircraft Industry from Qingdao Wansheng Chengfeng Equity Investment Partnership through bidding, according to a Saturday filing with the Shenzhen bourse.The company won the bid for the stake at 2.01 billion yuan.Jinshi Haohang (Qingdao) Equity Investment Partnership won the bid for the remaining 6.95% stake at 497.2 million yuan.Following the purchase, the company now holds 83.05% of the aircraft maker.

SHE:002085
Asia

Zhejiang Wanfeng Auto Wheel to Acquire Stakes in Aircraft Maker

Zhejiang Wanfeng Auto Wheel (SHE:002085) will acquire stakes in Wanfeng Aircraft Industry from Qingdao Wansheng Chengfeng Equity Investment Partnership through public listing, according to a Saturday filing with the Shenzhen bourse.The company will purchase a 28.05% stake in the aircraft maker for 2.01 billion yuan and another 6.95% stake for 497.2 million yuan.

SHE:002085
Asia

Wanfeng Auto Wheel Completes Transfer of Subsidiary; Shares Jump 10%

Zhejiang Wanfeng Auto Wheel (SHE:002085) completed the transfer of its subsidiary, Shanghai Dacromet Coating Industry, to its new owner, Dacoma Materials Technology, according to a Friday disclosure on the Shenzhen bourse.The transaction amounted to 500 million yuan, but the auto parts manufacturer had already received the first payment installment of 420 million yuan.Wanfeng's shares jumped 10% during the midday trade.

SHE:002085
Asia

Zhejiang Wanfeng Auto Wheel to Sell Metal Coating Unit for 500 Million Yuan

Zhejiang Wanfeng Auto Wheel Co (SHE:002085) agreed to sell its wholly-owned subsidiary Shanghai Dacromet Coating Industry for 500 million yuan to Dakema Materials Technology Hangzhou.The move aims to sharpen focus on the company's core lightweight automotive parts and aircraft manufacturing businesses while reducing its asset-liability ratio, according to a Tuesday filing with the Shenzhen bourse.Shanghai Dacromet Coating Industry, which specializes in metal coating, was appraised at 528 million yuan as of September 2025. The transaction price was adjusted following a 25-million-yuan dividend distribution.The sale is expected to reduce 2026 net profit by 16.8 million yuan.

SHE:002085

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