GERN250117C4500
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Geron Newsroom
Jingjin Electric (688280.SH): Shareholder Defeng Geron and its concerted parties have completed a Shareholding reduction of 0.52% of the company's shares.
Gelonghui reported on January 10 that Jingjin Electric (688280.SH) announced that the company recently received a notification letter regarding the shareholding reduction progress from Shareholder Defeng Geron and its concerted party Longhao Investment. As of January 10, 2025, Shareholder Defeng Geron and its concerted party Longhao Investment have reduced their shares of the company by 3,046,781 shares through centralized bidding, accounting for 0.52% of the company's total shares, and this shareholding reduction plan has been completed.
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Geron expects the Christmas sales in the Dining industry to increase by 10% to 20% month-on-month, as the Consumer spending power from mainland customers returns to 'normal.'
The chairman of the Quality Travel Services Association, Geron Huang, stated in a television program on Saturday (the 28th) that he expects the Dining industry’s business revenue to rise by 10% to 20% month-on-month during the Christmas holiday, mainly driven by the willingness of local residents to consume, as well as the resumption of the "one visa, multiple entries" policy in Shenzhen, although it is expected to drop by about 10% year-on-year. Geron pointed out that the resumption of "one visa, multiple entries" has made the local market lively, and according to his observation during the Christmas holiday, many travelers were "new blood" visiting Hong Kong for the first time, believing that this is a result of the "one visa, multiple entries" policy at work. As for the decline in spending power among mainland travelers, it may just be a normalization, aligning closely with international travelers, and one should not fantasize about a short-term recovery in the spending power of mainland tourists.
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