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Wolong Electric Group Nixes Plan to List Subsidiary on Beijing Bourse; Shares Down 3%
Express News | Wolong Electric Group: plans to sell shares of multiple subsidiaries.
Wolong Electric Group (600580.SH): Zhejiang Longneng Electrical Utilities plans to terminate its listing on the National Equities Exchange and Quotations system.
On January 5th, Glonghui announced that Wolong Electric Group (600580.SH) held the 11th temporary meeting of the 9th Board of Directors and the 9th Supervisory Board meeting on January 5, 2025, where it reviewed and approved the proposals regarding "the proposal for Zhejiang Longneng Electrical Utilities Technology Co., Ltd. Stocks to terminate listing on the National Equities Exchange and Quotations system" and "the proposal on the measures to protect the rights and interests of dissenting shareholders regarding Zhejiang Longneng Electrical Utilities Technology Co., Ltd. Stocks' termination of listing on the National Equities Exchange and Quotations system," agreeing to the holding subsidiary Zhejiang Longneng Electrical Utilities.
Express News | Wolong Electric Group: Long Energy Electrical Utilities terminates the plan to apply for listing on the BSE.
Express News | Wolong Resources Group: Signed an Equity Transfer Letter of Intent with Wolong Electric Group and Wolong Holdings.
Research Reports to dig for gold | SWHY: Maintain Buy rating for Wolong Electric Group, focus on the physical intelligent robot industry.
On January 3, Gelonghui reported that SWHY research pointed out that Wolong Electric Group (600580.SH), as a global leading Electric Machine manufacturer, continues to see steady growth in its main Electric Machine business; it is also proactively positioning itself in the flying car Electric Machine drive systems and embodied intelligent robots. It maintains a "Buy" rating. The company's foresight and leadership in the low-altitude economy field have gained some market recognition; however, its potential in the embodied intelligent robot sector remains underestimated by the market. In the field of bionic robots, the company has developed key component products such as high-explosion joint modules, servo drives, and frameless torque Electric Machines. On December 26, Hill Machines.
