China Risun Group Insider Ups Holding During Year

Simply Wall StDec 20 12:11

China Xuyang (01907.HK) subsidiary introduces Shenzhen Venture Capital New Materials Fund as a strategic investor, investing 0.8 billion yuan.

CHINA RISUN GP (01907.HK) announced the signing of an investment agreement with SHENCHUANG VENTURE CAPITAL Manufacturing Transformation Upgrade New Materials Fund (Limited Partnership). As a strategic investor, the SHENCHUANG New Materials Fund will invest in the Group's subsidiary Cangzhou Xuyang Chemical, with an investment amount reaching 0.8 billion yuan. This is expected to promote the upgrade and transformation of the Group's nylon new materials business. CHINA RISUN GP stated that its caprolactam production capacity has reached approximately 0.75 million tons per year, making it the second-largest caprolactam producer globally, and it possesses innovative technologies for various high-end nylon new materials in the downstream. In the future, it will continue to expand the import alternatives, new processes, new technologies, and new varieties.

AASTOCKSDec 19 09:27

IEA: This year, Global Coal consumption is expected to reach a new high of 8.77 billion tons.

The International Energy Agency (IEA) released a report stating that after a sharp decline in Global Coal usage during the peak of the pandemic, a strong rebound has been observed, with projections indicating that it will reach a historic high of 8.77 billion tons this year, and the demand for Coal is expected to remain stable until 2027. The report highlights that although the demand for Electrical Utilities has surged, active deployment of Wind Power is curbing the growth of Coal usage. Therefore, China, as the world's largest Consumer of Coal, becomes very important, with an expected demand of 0.14 billion tons by 2027, which overall depends on the application of Wind Power. The report also mentions that in most developed economies, the demand for Coal has already peaked and will continue to do so in 2.

AASTOCKSDec 18 14:20

China Risun to Get 800 Million Yuan Capital Boost From Venture Capital Fund; Shares Plunge 17%

MT NewswiresDec 18 14:10

Hong Kong stocks Concept Tracking | Under the guidance of policies, the recovery of domestic demand is expected, Institutions are Bullish on the chemical Sector and expect a turnaround in prosperity (including Concept stocks).

The reversal of the chemical industry's prosperity may not be far away.

Zhitong FinanceDec 18 13:52

China Xuyang (01907.HK) fell by more than 20% and plans to issue new shares at a discount of more than 12% after old shares.

China Xuyang (01907.HK) opened 6.16% lower this morning, with a lowest price of 2.69 yuan. It is currently reported at 2.7 yuan, down 20.82%, with a trading volume of 99.416 million shares and involved capital of 0.288 billion yuan. The group announced plans to place a maximum of 52 million shares on a preferential basis, accounting for approximately 1.2% of the expanded share capital, with a placement price of 3 yuan per share, a discount of about 12.02% compared to yesterday's (17th) closing price of 3.41 yuan.

AASTOCKSDec 18 10:49