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Huasheng International Expects Wider Attributable Loss in Six Months to September
Warning: Huasheng International (01323.HK) expects mid-term losses to expand to no less than 24 million yuan.
Huasheng intl (01323.HK) issued a profit warning, expecting a loss of no less than 24 million yuan for the six months ending in September, compared to a profit of 3.8 million yuan for the same period last year. The increase in losses is mainly due to the overall weakness in demand for ready-mixed concrete commodity products.
HUASHENG INTL: PROFIT WARNING
Huasheng intl (01323.HK) will hold a board of directors meeting on November 29 to approve the mid-term performance.
Gelonghui reported on November 14 that huasheng intl (01323.HK) announced that the board of directors meeting will be held on November 29, 2024 (Friday) to (including) approve the announcement of the interim results of the company and its subsidiaries for the six months ending September 30, 2024, and to consider declaring an interim dividend (if any).
Huasheng Intl (01323.HK) allocates 45 million yuan to increase investment in zero-emission commercial vehicles.
huasheng intl (01323.HK) announced the acquisition of 4.52% Class A shares of Wisdom Moon (BVI) from an independent third party for a cash consideration of 45 million yuan. After completion, the company will hold a total of 17.92% Class A shares of Wisdom Moon (BVI), which primarily holds about 43.28% of the voting rights in ordinary shares capital of Wisdom Group, which has developed multiple zero-emission automobiles.
huasheng intl holdings (01323.HK) plans to acquire Wisdom Moon (BVI) for 45 million Hong Kong dollars by issuing 4.52% of class A shares.
Grace Group reported on November 12th that huasheng intl (01323.HK) announced that on November 12, 2024, the buyer (a wholly-owned subsidiary of the company) and the seller entered into a purchase agreement for the acquisition transaction. According to the purchase agreement, the buyer has agreed to acquire and the seller has agreed to sell the shares to be sold (accounting for 4.52% of the issued A shares of the target company Wisdom Moon (BVI) Limited), at a price of 45 million Hong Kong dollars. The target company is a limited company registered in the British Virgin Islands. The target company is an investment holding company, primarily investing in
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