5 stories mentioning SHE:300209Updated 1d ago
Every FINWIRES story that references SHE:300209, newest first.
Xingyun Technology's (SHE:300209) subsidiary, Shenzhen Xingyun Holdings, entered into a 1.01 billion yuan computing power service agreement with a customer, according to a Shenzhen bourse filing on Wednesday.Shenzhen Xingyun will provide the services to the client within five years.The Chinese packaging production equipment manufacturer's shares jumped 9% at the close.
Xingyun Technology's (SHE:300209) actual controller, Wang Wei, agreed to provide a loan of 30 million yuan to the company to fund its daily operations and business development, according to a Shenzhen bourse filing on Wednesday.The loan will have an annualized interest rate of 2% and the term will not exceed 12 months.The Chinese packaging production equipment manufacturer's shares jumped 9% at the close.
Chinese equities were mixed, almost flat, as sentiment over the crackdown on illegal cross-border securities trading waned.The Shanghai Composite Index slipped 0.2, or 7.2 points, to finish Tuesday's trade at 4,145.37. The Shenzhen Component Index marginally rose to 15,876.16.Beijing tightened its crackdown on illicit cross border investing, imposing fines on three securities brokers --- Tiger Brokers, Futu Securities and Changqiao Securities --- that operated without proper approvals.In corporate news, Xingyun Technology (SHE:300209) slumped 11.8% amid unit's plan to sell enterprise-grade SSD drives to Zhejiang Shenhu Technology for 321.8 million yuan.Tongding Interconnection Information (SHE:002491) dropped 7.8% after naming Bai Xiaoming vice chairman.OKE Precision Cutting Tools (SHA:688308) jumped 5.9% despite GEM (SHE:002340) announcing it will dispose of its 5.5% holdings in the CNC cutting tool maker.
Xingyun Technology's (SHE:300209) unit, Xingyun Storage (Shenzhen) Technology, agreed to sell enterprise-grade SSD drives to Zhejiang Shenhu Technology for 321.8 million yuan, according to a Shenzhen bourse filing on Tuesday.The product can be delivered in multiple batches within 45 days after the contract signing.The shares of the Chinese packaging production equipment manufacturer plunged nearly 13% during morning trade.
Xingyun Technology (SHE:300209) unit Shenzhen Xingyun Intelligent Cooling will invest 17.5 million yuan to establish a joint venture for liquid cooling equipment to capture growing demand for high-performance computing infrastructure.The new entity, Xingyun Intelligent Cooling, has a total registered capital of 50 million yuan, according to a Tuesday filing with the Shenzhen bourse.Shenzhen Xingyun Intelligent Cooling will hold a 35% minority equity stake, while a private investment partnership entity controlled by the company's actual controller, Wang Wei, will secure a parallel 33% interest.
