2 stories mentioning SHE:002249Updated 8h ago
Every FINWIRES story that references SHE:002249, newest first.
Zhongshan Broad-Ocean Motor (SHE:002249) terminated its plan to issue H-shares and list on the Hong Kong Stock Exchange's Main Board.The company's current operations remain stable and orderly, and the termination will not materially impact its business or long-term development, according to a Tuesday filing with the Shenzhen bourse.Shares of the electric motor manufacturer rose 4% in recent trade.
Zhongshan Broad-Ocean Motor (SHE:002249) has warned of potential uncertainty over its actual control, following a divorce dispute filed by co-founder and actual controller Peng Hui against her husband and company controlling shareholder, Lu Chuping.The case, now before a Guangdong court, seeks property division and has yet to proceed to trial, according to a Wednesday filing with the Shenzhen bourse.The electric motor manufacturer cautioned that while the litigation is personal and unrelated to daily operations, the eventual outcome could reshape ownership of the 26.82% stake jointly held by the couple. Lu alone controls 24.87% of the company.Business continues as normal and no material operational impact is expected.Shares of Zhongshan Broad-Ocean Motor closed 10% lower Wednesday.
