Shangfeng Cement increased the capital of its subsidiary by 70 million yuan.

2025-01-15 10:10:25

The capital source of this capital increase is the company's own funds, which will not adversely affect the company's financial and operating conditions. After the completion of this capital increase, Duyun Shangfeng is still a controlled subsidiary of the company, which will not have a significant impact on the scope of the company's consolidated statements.

On January 13, Shangfeng Cement announced that. Zhejiang Shangfeng Building Materials Co., Ltd., a wholly-owned subsidiary, and Guizhou Tianshan Cement Co., Ltd., a joint venture, intend to increase the capital of Duyun Shangfeng Southwest Cement Co., Ltd. by 70 million yuan in cash according to the proportion of capital contribution. The shareholding ratio of Shangfeng Cement remains unchanged.

Shangfeng Cement said that the capital increase of its holding subsidiary Duyun Shangfeng is to meet its business development needs, optimize its capital structure and improve its comprehensive competitiveness. The capital source of this

capital increase is the company's own funds, which will not adversely affect the company's financial and operating conditions. After the completion of this capital increase, Duyun Shangfeng is still a controlled subsidiary of the company, which will not have a significant impact on the scope of the company's consolidated statements.

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Correlation

Shangfeng Cement increased the capital of its subsidiary by 70 million yuan.

The capital source of this capital increase is the company's own funds, which will not adversely affect the company's financial and operating conditions. After the completion of this capital increase, Duyun Shangfeng is still a controlled subsidiary of the company, which will not have a significant impact on the scope of the company's consolidated statements.

2025-01-15 10:10:25

Cement production and marketing orders, project dynamics and other issues! Shangfeng Cement responded.

A few days ago, some investors asked Shangfeng Cement about cement production and marketing orders, project dynamics and other issues on the interactive platform, to which Shangfeng Cement responded one by one.

2024-02-26 13:15:41

Shangfeng Cement's New Economic Equity Investment Strives Again

On December 27, Shangfeng Cement announced in the evening that two private investment funds jointly established by Ningbo Shangrong, a wholly-owned subsidiary of the company, and Suzhou Lanpu Venture Capital, a professional institution, had invested 10 million yuan in Shenzhen Fushi Technology Co., Ltd. and 70 million yuan in Taizhou Hengchuan New Energy Material Technology Co., Ltd.

2023-12-28 09:17:45

CEMPI

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Weekly Report of Cement Network: Northwest Cement Market Operates Under Pressure after Partial Push (9.8-9.12)

Prices in Ningxia are stable but export sales are low, Gansu is facing callback pressure after price increases, sales in Qinghai are not up to expectations after pushing up, Shaanxi has great resistance to price recovery, Xinjiang is stable due to engineering demand, and the overall market is mainly stable price wait-and-see in the short term.