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SHE:002271

8 stories mentioning SHE:002271Updated 12d ago

Every FINWIRES story that references SHE:002271, newest first.

Asia

China Shares Rise on Strong Business Activity Expansion; Beijing Oriental Yuhong Waterproof Technology Down 3%

Chinese shares rose on Wednesday amid the strong expansion of business activity in the country, as sentiment was anchored by the latest May macroeconomic data from S&P Global and the RatingDog economic tracker.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.2% to 4,083.97. The Shenzhen Component Index went up 0.7% to 15,704.71.Business activity in China expanded at the fastest pace in three months in May, according to data from S&P Global and RatingDog.On the other hand, the RatingDog China Composite Purchasing Managers' Index came in at 54, compared with 53.1 in the previous month, marking the fastest growth in output since February.Meanwhile, the headline RatingDog China General Services Business Activity Index was 54.4, up from 52.6 previously and above the Investing.com consensus estimate of 52.3. The reading marked the strongest increase in services activity in three months as growth in business activity and new orders continued to accelerate.In company news, Beijing Oriental Yuhong Waterproof Technology (SHE:002271) plans to invest about 542 million yuan to acquire 55% stakes in Indonesian construction materials companies PT IALK and PT ACUM. Shares of the waterproofing system provider closed 3% lower Wednesday.

Shanghai Composite^SZSESHE:002271
Asia

Beijing Oriental Yuhong Waterproof Technology to Acquire 55% Stakes in Two Indonesian Companies; Shares Fall 3%

Beijing Oriental Yuhong Waterproof Technology (SHE:002271) plans to invest about 542 million yuan to acquire 55% stakes in Indonesian construction materials companies PT IALK and PT ACUM.The transaction involves a capital increase and share purchase for PT IALK, which manufactures waterproof coatings, and a direct share purchase for PT ACUM, a sales company, according to a Wednesday filing with the Shenzhen bourse.Shares of the waterproofing system provider declined 3% in recent trade.

SHE:002271
Asia

Beijing Oriental Yuhong Waterproof Technology to Purchase Two Indonesian Companies

Beijing Oriental Yuhong Waterproof Technology (SHE:002271) subsidiary Oriental Yuhong Indonesia will purchase a 55% stake in two Indonesian building material companies for 1.426 trillion Indonesian rupiah, according to a Saturday filing with the Shenzhen bourse.Oriental Yuhong Indonesia will inject capital to purchase 14.47%, or 3 million newly issued shares, and 40.53% of existing shares in Inter Aneka Lestari Kimia or PTIALK from sellers Unichem Indomulia and Herman Moeliana for 859.5 billion rupiahs.Yuhong's Indonesian arm will then purchase a 55% stake in Adhi Cakra Utama Mulia, which sells PTIALK's products, for 259.9 billion rupiahs.

SHE:002271
Asia

Market Chatter: China Creditors Seek Redress from Hong Kong Courts to Enforce Collection Rulings

Chinese creditors finding difficulty chasing payments from distressed mainland property developers are seeking help from courts in Hong Kong, Bloomberg reported Thursday.Courts in the city could rule on mainland cases under reciprocal recognition arrangements established in recent years to help with cross-border enforcement of commercial and insolvency cases, the report said.Among the cases being heard under these rules is Beijing Oriental Yuhong Waterproof Technology's (SHE:002271) motion to enforce an onshore ruling against Sunac China (HKG:1918) Chairman Sun Hongbin, who was ordered to pay 418.5 million yuan, the report said.Should the Hong Kong court rule in favor of Yuhong, it could seek to open Sun's offshore assets and take action on the waterproofing company's case against Sunac China's chairman, according to Bloomberg.The lawsuit could open avenues for onshore creditors to seek redress in Hong Kong against Chinese creditors, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Hang SengShanghai Composite^SZSEHKG:1918SHE:002271
Asia

Jefferies Adjusts Beijing Oriental Yuhong Waterproof Technology's Price Target to 19.02 Yuan From 15.28 Yuan, Keeps at Buy

Beijing Oriental Yuhong Waterproof Technology (SHE:002271) has an average rating of buy and mean price target of 20.72 yuan, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

SHE:002271
Asia

Beijing Oriental Yuhong Waterproof Approves Debt Restructuring Plan

Beijing Oriental Yuhong Waterproof Technology's (SHE:002271) said its board of directors approved the proposal for debt restructuring, according to a Friday disclosure on the Shenzhen bourse.Under the plan, 352.4 million yuan is the amount for debt restructuring as creditor and 129.4 million yuan is for debt restructuring as debtor.The company will accept real estate assets to offset receivables and it will use assets to repay its debt.The company's creditors include China Vanke's (HKG:2202, SHE:000002) subsidiaries.The waterproofing system provider's shares slipped over 1% during the midday trade.

HKG:2202SHE:000002SHE:002271
Asia

Beijing Oriental Yuhong Waterproof's Q1 Profit Soars 109%, Revenue Jumps 21%

Beijing Oriental Yuhong Waterproof Technology's (SHE:002271) net profit attributable to shareholders in the first quarter soared 109% to 401.8 million yuan from 192.4 million yuan a year earlier, according to a Shenzhen bourse filing on Friday.Earnings per share surged year on year to 0.17 yuan from 0.08 yuan.Operating revenue rose 21% to 7.19 billion yuan from 5.95 billion yuan in the preceding year.The waterproofing system provider's shares slipped over 1% during the morning trade.

SHE:002271
Asia

Beijing Oriental Yuhong Waterproof's 2025 Profit Rises 5%, Revenue Slips 2%

Beijing Oriental Yuhong Waterproof Technology's (SHE:002271) net profit attributable to shareholders in 2025 rose 4.7% to 113.3 million yuan from 108.2 million yuan a year earlier, according to a Shenzhen bourse filing on Friday.Earnings per share jumped 25% year on year to 0.05 yuan from 0.04 yuan.Operating revenue slipped 1.7% to 27.6 billion yuan from 28.1 billion yuan in the prior year.The waterproofing system provider's shares slipped over 1% during the morning trade.

SHE:002271

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