1. Xiamen Xiangyu Co., Ltd.’s Indicative Announcement on the Controlling Shareholder’s Proposed Transfer of Jiangsu Delong’s Debts and Related Transactions
On July 29, Xiamen Xiangyu Co., Ltd. issued an indicative announcement on the controlling shareholder’s proposed transfer of Jiangsu Delong’s debts and related transactions: Xiamen Xiangyu Group Co., Ltd. (hereinafter referred to as “Xiangyu Group”) has learned that Jiangsu Delong and Xiangshui Hengsheng Stainless Steel Casting Co., Ltd., Xiangshui Juhe Metal Products Co., Ltd., and Xiangshui Defeng Metal Materials Co., Ltd. have been applied for bankruptcy reorganization.
After Xiangyu Group’s understanding from various sources, the above four companies are currently under government supervision and are still in normal production and operation with rolling delivery capabilities; to protect the interests of listed companies and their investors, Xiangyu Group intends to transfer the company’s debts to Jiangsu Delong and its holding subsidiaries as a whole, including but not limited to the company’s corresponding debts such as prepaid accounts and accounts receivable to Jiangsu Delong and Xiangshui Hengsheng Stainless Steel Casting Co., Ltd., Xiangshui Juhe Metal Products Co., Ltd., Xiangshui Defeng Metal Materials Co., Ltd. and other Jiangsu Delong holding subsidiaries.
2. Zheshang Zhongtuo: Will actively follow up on the bankruptcy and reorganization of Jiangsu Delong Nickel Industry and evaluate its impact
On July 29, an investor asked Zheshang Zhongtuo on the interactive platform: The company mentioned the cooperation with Jiangsu Delong Nickel Industry many times in its previous announcements, signed the “Strategic Cooperation Framework Agreement” in 21 years, and visited Delong Nickel Industry in March this year. How much impact does the bankruptcy of the Delong Nickel Industry have on your company, and what is the transaction scale and current accounts this year?
The company replied: The company has paid attention to the announcement issued by the People’s Government of Xiangshui County that Jiangsu Delong Nickel Industry and four other companies have applied for bankruptcy and reorganization. The company will actively follow up on the progress of the incident and evaluate its impact. For relevant information, please refer to the announcement disclosed by the company in the information disclosure media “Securities Times”, “China Securities Journal”, “Shanghai Securities News” and Juchao Information Network.
3. Yongjin Co., Ltd. plans to invest in a high-end titanium and titanium alloy melting and forging project with an annual processing capacity of 40,000 tons
On July 29, Yongjin Co., Ltd. issued an announcement stating that the company’s holding subsidiary Henan Zhongyuan Titanium Co., Ltd. plans to jointly invest with Panzhihua Iron and Steel Group Xichang New Steel Co., Ltd. to establish Sichuan Panjin New Materials Co., Ltd. (tentative name, subject to the name approved by the market supervision department) to invest in the construction of a “40,000 tons of high-end titanium and titanium alloy melting and forging project with an annual processing capacity of 40,000 tons”. The total planned investment of the project is about 700 million yuan.
4. Wuzhou Xinfeng’s annual production of 1 million tons of stainless steel products and 300,000 tons of hot-rolled steel bars for the reinforced concrete project’s air-raid shelter relocation construction plan received review opinions
On July 26, Wuzhou Xinfeng Special Steel Co., Ltd.’s annual production of 1 million tons of stainless steel products and 300,000 tons of hot-rolled steel bars for the reinforced concrete project’s air-raid shelter relocation construction plan received review opinions: agreed.
5. Jiuli Special Materials’ “20,000 tons of corrosion-resistant alloy pipes for offshore oil and gas gathering and transportation project” started construction
On the morning of July 28, the groundbreaking ceremony of Zhejiang Jiuli Special Materials Technology Co., Ltd.’s “20,000 tons of corrosion-resistant alloy pipes for offshore oil and gas gathering and transportation project” was held in the Zhenxi Industrial Zone of Shuanglin Town.
6. Shandong Shengyang Metal Technology ranked 144th in the 2024 Shandong Top 200 Private Enterprises
The Shandong Federation of Industry and Commerce recently announced the list of finalists for the 2024 Shandong Top 200 Private Enterprises series. According to the list, Shandong Shengyang Metal Technology Co., Ltd. ranked 144th.
7. Nantong Xiangyu Haizhuang won a new order for stainless steel chemical tankers
German shipowner GEFO SHIPPING recently placed a new order for 2+2 7900DWT chemical tankers at Nantong Xiangyu Haizhuang, China. The newly built 7900DWT chemical tanker has a stainless steel cargo hold.
