Fuxing China's Subsidiary to Dispose Entire Stake in Stepdown Subsidiary; Shares Down 5%

MT Newswires

2024/12/12

Fuxing China's (SGX:AWK) wholly owned subsidiary, Jade Star Group, entered into a conditional share purchase agreement with Liansheng New Materials for the disposal of its entire stake in Jinjian Jianxin Weaving, a filing with the Singapore Exchange said on Wednesday.

Total consideration of the subsidiary is 8.8 million yuan and will be completed within 90 business days from the date of a sale and purchase agreement.

Proceeds from the disposal will be used for the repayment of outstanding debt to the group and to improve immediate liquidity.

Shares of the Chinese zipper products seller were down nearly 5% in recent trading.

Price (SGD): S$0.19, Change: S$-0.0090, Percent Change: -4.50%

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2490827925"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2490827925\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2490827925?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-12 14:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2490827925","market":"sg","top_or_hot":-1,"title":"Fuxing China's Subsidiary to Dispose Entire Stake in Stepdown Subsidiary; Shares Down 5%","media":"MT Newswires","content":"<html><body><p> Fuxing China's (SGX:AWK) wholly owned subsidiary, Jade Star Group, entered into a conditional share purchase agreement with Liansheng New Materials for the disposal of its entire stake in Jinjian Jianxin Weaving, a filing with the Singapore Exchange said on Wednesday.</p><p>Total consideration of the subsidiary is 8.8 million yuan and will be completed within 90 business days from the date of a sale and purchase agreement.</p><p>Proceeds from the disposal will be used for the repayment of outstanding debt to the group and to improve immediate liquidity.</p><p>Shares of the Chinese zipper products seller were down nearly 5% in recent trading.</p><p>Price (SGD): S$0.19, Change: S$-0.0090, Percent Change: -4.50%</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fuxing China's Subsidiary to Dispose Entire Stake in Stepdown Subsidiary; Shares Down 5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFuxing China's Subsidiary to Dispose Entire Stake in Stepdown Subsidiary; Shares Down 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2024-12-12 14:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Fuxing China's (SGX:AWK) wholly owned subsidiary, Jade Star Group, entered into a conditional share purchase agreement with Liansheng New Materials for the disposal of its entire stake in Jinjian Jianxin Weaving, a filing with the Singapore Exchange said on Wednesday.</p><p>Total consideration of the subsidiary is 8.8 million yuan and will be completed within 90 business days from the date of a sale and purchase agreement.</p><p>Proceeds from the disposal will be used for the repayment of outstanding debt to the group and to improve immediate liquidity.</p><p>Shares of the Chinese zipper products seller were down nearly 5% in recent trading.</p><p>Price (SGD): S$0.19, Change: S$-0.0090, Percent Change: -4.50%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6505","symbol_name":"周期性消费品与消费者服务","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2490827925","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490827925","pubTimestamp":1733985464,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Fuxing China's  wholly owned subsidiary, Jade Star Group, entered into a conditional share purchase agreement with Liansheng New Materials for the disposal of its entire stake in Jinjian Jianxin Weaving, a filing with the Singapore Exchange said on Wednesday.Total consideration of the subsidiary is 8.8 million yuan and will be completed within 90 business days from the date of a sale and purchase agreement.Proceeds from the disposal will be used for the repayment of outstanding debt to the group and to improve immediate liquidity.Shares of the Chinese zipper products seller were down nearly 5% in recent trading.Price : S$0.19, Change: S$-0.0090, Percent Change: -4.50%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6505":"周期性消费品与消费者服务","AWK.SI":"福兴","BK6056":"纺织品","BK6107":"服装、服饰与奢侈品"},"translate_title":"复兴中国的子公司将出售Stepdown子公司的全部股权；股价下跌5%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AWK.SI":0.9},"content_text":"Fuxing China's (SGX:AWK) wholly owned subsidiary, Jade Star Group, entered into a conditional share purchase agreement with Liansheng New Materials for the disposal of its entire stake in Jinjian Jianxin Weaving, a filing with the Singapore Exchange said on Wednesday.Total consideration of the subsidiary is 8.8 million yuan and will be completed within 90 business days from the date of a sale and purchase agreement.Proceeds from the disposal will be used for the repayment of outstanding debt to the group and to improve immediate liquidity.Shares of the Chinese zipper products seller were down nearly 5% in recent trading.Price (SGD): S$0.19, Change: S$-0.0090, Percent Change: -4.50%","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}