Hebei Huijin Electromechanical Co Ltd

China

300368.CS▼2

Huijin Co. and Keda Manufacturing Both Terminate Major Asset Restructurings

Huijin Co. and Keda Manufacturing separately announced on the evening of August 14 the termination of their respective major asset restructuring plans. Huijin Co. ended a nearly year-long plan to purchase a 20% stake in Cooper New Energy Co. with cash and obtain voting rights delegation of no less than 31%, because the parties failed to reach agreement on core terms. Keda Manufacturing's board approved the termination of its plan to acquire a 51.55% stake in Guangdong Tefu International Holdings Co. through share issuance and cash payment, along with raising supporting funds, and stated that Tefu International is a controlling subsidiary of the company, so the termination will not affect control rights or future plans.

Hebei Huijin E… ▼Keda Clean Ene…

300368.CS · Capital · Negative Huijin Co. terminated its major asset restructuring plan to acquire a stake in Cooper New Energy, failing to reach agreement on core terms.

600499.CG · Capital · Neutral Keda Manufacturing terminated its restructuring plan to acquire Tefu International, but stated it will not affect control rights or future plans.

Read original ↗

证券时报·52dRead more →

China

300368.CS▼5

Huijin Shares terminates plan to acquire 20% stake in Cooper New Energy

Huijin Shares announced on the evening of August 14 that, because the parties failed to reach agreement on core terms, it has terminated the planned major asset restructuring involving the cash purchase of a 20% stake in Cooper New Energy Co., Ltd. and the acquisition of voting rights representing no less than 31% of the company. The company pledged not to plan any major asset restructuring for at least one month from the date of the announcement, and said the termination will not have a material adverse impact on its production and operations. Huijin Shares had originally planned to enter the new energy sector through this transaction, after which Cooper New Energy would have become a controlling subsidiary of the company. The company has been incurring losses since 2022, and in the first quarter of this year it recorded revenue of 25.09 million yuan and a net loss attributable to the parent company of 9.29 million yuan.

Hebei Huijin E… ▼

300368.CS · Capital · Negative Termination of planned acquisition of Cooper New Energy, a major asset restructuring, with no new plan for at least a month.

库珀新能源 · Capital · Negative The planned acquisition by Huijin Shares, which would have made Cooper New Energy a controlling subsidiary, has been terminated.

Read original ↗

上海证券报·52dRead more →

300368.CS▲2

Huijin Shares Plans to Acquire Controlling Stake in Cooper New Energy, Hits 20% Daily Limit Up After Trading Resumption

Hebei Huijin Group Co., Ltd. plans to acquire a 20% equity stake in Cooper New Energy Co., Ltd. for cash, and will be entrusted with no less than 31% of voting rights. After the transaction, Huijin will hold at least 51% of voting rights in Cooper New Energy, making it a controlled subsidiary. The deal is expected to constitute a major asset restructuring, and does not involve share issuance, related-party transactions, or a change in company control. Cooper New Energy is mainly engaged in the research, development, production, and sales of internal equipment for wind turbine towers and intelligent equipment for wind power construction. Huijin Shares stated that the transaction is still in the planning stage, and the specific terms require further negotiation and must go through decision-making and approval procedures. Boosted by this news, Huijin Shares hit the 20% daily limit up in early trading on July 20, and as of 2 p.m., the buy order queue still stood at 137,000 lots.

Hebei Huijin E… ▲

300368.CS · Capital · Positive Huijin Shares plans to acquire controlling stake in Cooper New Energy, triggering a 20% daily limit up.

库珀新能源 · Capital · Positive Cooper New Energy is the target of a controlling stake acquisition by Huijin, implying a premium valuation.

Read original ↗

证券日报·77dRead more →

300368.CS

Huijin Stock Elects Wang Zijie as Chairman and Legal Representative

Huijin Stock has elected Wang Zijie as chairman and legal representative. On July 16, the company held its second extraordinary general meeting and the sixth meeting of the sixth board of directors, electing Wang Zijie as a non-independent director and chairman of the sixth board of directors, with a term lasting until the expiry of the sixth board's tenure. At the same time, the company's legal representative was changed to Wang Zijie. In the first quarter of 2026, Huijin Stock achieved revenue of 25.09 million yuan and a net loss attributable to the parent company of 9.29 million yuan.

Hebei Huijin E…

300368.CS · · Neutral Election of new chairman and legal representative; no clear impact on operations or financials.

Read original ↗

财中社·81dRead more →