SHE:300005

2 stories mentioning SHE:300005Updated 2m ago

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Toread Holdings Projects Up to 179% Jump in H1 Profit

Toread Holdings (SHE:300005) forecasted first-half attributable net profit of between 46 million yuan and 56 million yuan, compared with 20.1 million yuan the previous year.The increase of 129% to 179% is driven by the chip business, with newly acquired Shanghai Tongtu and Shenzhen Betterlife consolidating into results, and favorable currency exchange gains versus losses last year, according to a Thursday filing with the Shanghai bourse.Shares of the outdoor products company closed 20% lower Friday.

SHE:300005

Asia9d ago

Toread Holdings Seeks to Raise 1 Billion Yuan from Private Placement

Toread Holdings (SHE:300005) plans to raise up to 1.01 billion yuan from the sale of 143.6 million shares to Beijing Tongyu Heying Investment Management and Beijing Minghongyi Technology Service under a private placement, according to an after-market filing on Tuesday with the Shenzhen bourse.Proceeds will be used to boost working capital, replenish operating funds, improve the capital structure and boost the company's risk resistance, among others.

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