CSSC Science& Technology Co., Ltd (SHSE:600072) entered into an agreement to acquire Five Companies in China for CNY 9.1 billion on September 30, 2022. CSIC Haizhuang Windpower Co., Ltd will acquire 100% stake in CSIC Haizhuang Windpower Co., Ltd., 88.58% stake in CSSC Group Wind Power Development Co., Ltd., 100% stake in CSIC Haiwei (Xinjiang) New Energy Co., Ltd., 44.64% stake in Luoyang Sunrui Wind Turbine Blade Co., Ltd., and 10% stake in CSIC (Wuhan) Lingjiu Electronic Co., Ltd. The CSSC Science will raise supporting funds of not more than CNY 3 billion. The transaction has been approved by board of CSSC Science& Technology Co., Ltd. As of November 15, 2022, the transaction has been approved by the State-owned Assets Supervision and Administration Commission.
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5-day change | 1st Jan Change | ||
13.48 CNY | -0.66% |
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+4.90% | -27.29% |
06-20 | CSSC Science & Technology, Unit to Transfer Stake in Subsidiaries | MT |
05-02 | CSSC Science & Technology's Q1 Loss Widens as Revenue Drops 75% | MT |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
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-27.29% | 2.79B | |
-10.60% | 62.32B | |
+2.67% | 59.69B | |
+14.82% | 36.27B | |
+13.10% | 31.14B | |
+10.05% | 28.46B | |
+15.32% | 20.82B | |
+14.99% | 19.44B | |
+37.64% | 17.37B | |
+65.65% | 16.77B |
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- CSSC Science& Technology Co., Ltd entered into an agreement to acquire Five Companies in China for CNY 9.1 billion.