China High Speed Transmission Equipment Says Units Owed 6.64 Billion Yuan in Outstanding Receivables, Prepayments

MT NewswiresNov 25 18:17

Hong Kong Market Wrap: Hong Kong stocks fell slightly, with the Hang Seng Index down 0.41%; biotechnology stocks rose, with Akeso up more than 6%; AI application concept stocks continued to surge, Mobvista rose over 10%.

Network technology stocks generally fell, Kuaishou-W up 4.51%, JD.com Group-SW down 3.05%; Apple supplier stocks rose, AAC Tech up 6.86%, Q Tech up 4.75%; Digital health stocks mostly declined, Za Online down 3.63%, Maitaiweikang down 2.63%.

Futu NewsNov 25 16:24

Hong Kong stocks movement | c transmission (00658) fell nearly 13% with subsidiaries totaling over 6.6 billion yuan in receivables and prepayments unpaid.

China High Speed Transmission (00658) fell by nearly 13%, as of the time of publication, down by 12.96% to 0.94 Hong Kong dollars, with a turnover of 1.7054 million Hong Kong dollars.

Zhitong FinanceNov 25 14:51

Fullshare (00607.HK): Several buying and selling agreements of China High Speed (00658.HK) subsidiary have not been approved by the board of directors. An independent committee has been established to investigate.

Fullshare (00607.HK) announced that its subsidiary China High-speed Transmission (00658.HK) made an announcement of insider information yesterday (24th). Fullshare stated that several subsidiaries of China High-speed Transmission are engaged in trade business and have entered into several commodity trading agreements around 2023. As of October 31 this year, the total amount of receivables and prepayments under these agreements reached approximately 6.64 billion RMB. As of yesterday, these related payments have not been settled. Furthermore, several counterparties of these agreements have failed to settle the related payments upon maturity.

AASTOCKSNov 25 08:54

C transmission (00658) a series of overdue receivables and prepayments under several commodity purchase agreements have not been paid.

c transmission (00658) announced that the company's wholly-owned subsidiary, Nanjing High-Precision Transmission Equipment Manufacturing Group Co., Ltd...

Zhitong FinanceNov 24 18:41

Hong Kong stock concept tracking | Hai Feng reaches a new starting point, wind power equipment welcomes a development opportunity (with concept stocks)

On October 10th, crrc corporation's "Qihang No." 20MW floating offshore electric machine unit was successfully launched at Jiangsu Sheyang CRRC Times Green Equipment Industrial Park.

Zhitong FinanceOct 24 09:18