Changhong Meiling to Invest 877 Million Yuan in Hefei Industrial Park

MT Newswires

200521

Changhong Meiling will invest 877 million yuan in a smart home appliance industrial park in the Hefei Economic and Technological Development Zone Hefei in China.

The investment will be used for building a manufacturing center with a 90,000-unit annual capacity, according to a Thursday filing with the Shenzhen bourse.

Construction will start in August for a period of 24 months.

Shares of the appliance maker closed 2% lower Thursday.

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Changhong Meiling Appoints CFO

MT Newswires

Changhong Meiling appointed Yang Bing as chief financial officer, according to a Thursday filing with the Shenzhen bourse.

Yang, a senior accountant who previously held several financial leadership roles, succeeded Pang Haitao.

Pang resigned due to personal job changes.

Shares of the appliance manufacturer closed 2% lower Thursday.

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Changhong Meiling Recoups More than 18 Million Yuan from Venture Fund Dissolution

MT Newswires

Changhong Meiling recovered 18.2 million yuan from the liquidation of the Hongyun Fund II.

The appliance maker had invested 45 million yuan for a 30.4% stake in the fund in 2023, according to a Thursday filing with the Shenzhen bourse.

Shares of the company closed less than 1% lower Thursday.

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Changhong Meiling to Offer Discounts at Shareholder Appreciation Event

MT Newswires

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Changhong Meiling to Repurchase Up to 300 Million Yuan Worth of Shares

MT Newswires

Changhong Meiling is planning to buy back between 150 million yuan and 300 million yuan of its shares via centralized bidding.

The shares will be repurchased at up to 11 yuan per share within 12 months from board approval, according to a Friday filing with the Shenzhen bourse.

Shares of the appliance manufacturer closed 1% higher Friday.

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Changhong Meiling to Repurchase Up to 300 Million Yuan Worth of Shares

MT Newswires

Changhong Meiling is planning to buy back between 150 million yuan and 300 million yuan of its shares via centralized bidding.

The shares will be repurchased at up to 11 yuan per share within 12 months from board approval, according to a Friday filing with the Shenzhen bourse.

Shares of the appliance manufacturer closed 1% higher Friday.

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Changhong Meiling to Set Up 500 Million Yuan JV For New Washing Machine Factory

MT Newswires

Changhong Meiling plans to establish a yuan joint venture, Mianyang Changhong Smart Home Appliance, to construct a new washing machine factory in Mianyang City, Sichuan Province, China.

The company will hold a 99% stake in the new entity, investing 495 million yuan, while its subsidiary Mianyang Meiling Refrigeration will contribute 5 million yuan for the remaining 1% share, according to a Shenzhen Stock Exchange filing on Tuesday.

Mianyang Changhong Smart Home Appliance will build and operate a washing machine manufacturing facility. To facilitate this, the joint venture will participate in a bid to acquire approximately 136,737.72 square meters of land for the factory site, with a maximum bid price of 59.5 million yuan.

Changhong Meiling's A shares closed over 2% higher, while its B shares went up 4% in Shenzhen on Tuesday.

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Changhong Meiling to Invest 877 Million Yuan in Hefei Industrial Park

Changhong Meiling Appoints CFO

Changhong Meiling Recoups More than 18 Million Yuan from Venture Fund Dissolution

Changhong Meiling to Offer Discounts at Shareholder Appreciation Event

Changhong Meiling to Repurchase Up to 300 Million Yuan Worth of Shares

Changhong Meiling to Repurchase Up to 300 Million Yuan Worth of Shares

Changhong Meiling to Set Up 500 Million Yuan JV For New Washing Machine Factory

Risk Disclosure