2 stories mentioning SHE:002176Updated 7d ago
Every FINWIRES story that references SHE:002176, newest first.
Jiangxi Special Electric Motor (SHE:002176) plans to cancel nearly 4.1 million repurchased shares instead of setting them aside for employee stock ownership plans or equity incentive plans.The plan has received board approval and will lower the Chinese motor products company's share capital to 1.70 billion yuan from 1.71 billion yuan, according to a Tuesday bourse disclosure in Shenzhen.
Shenzhen YUTO Packaging Technology (SHE:002831) signed a cooperation framework agreement with Jiangxi Special Electric Motor (SHE:002176) for the development of carbon fiber and packaging, according to a Shenzhen bourse filing on Tuesday.The Chinese packaging products manufacturer will supply woven bags, heavy-duty packaging, paper packaging, and logistics services, as well as carbon fiber for motors and robotics to Jiangxi Special.The specialty motors and battery materials maker will also supply motors to YUTO.The deal is valid for three years and can be renewed.YUTO's shares slipped over 1% at the close, while those of Jiangxi Special jumped 3%.
