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2024 Annual Results Advance Loss Announcement
Express News | China Post Technology: An annual loss of between 0.12 billion yuan to 0.15 billion yuan is expected in 2024.
Express News | China Best Technology: China Best Satellite plans to reduce its shareholding by no more than 3%.
A-shares are volatile丨China Postal Technology once surged nearly 15%, and the subsidiary's land expropriation or compensation may exceed 0.9 billion yuan.
On November 28, Gelonghui reported that China Post Technology (688648.SH) initially surged nearly 15%, currently quoted at 27.79 yuan, with a total market capitalization of 3.78 billion yuan. The company announced after the market yesterday that its wholly-owned subsidiary, Guangdong Xinyuan Logistics Equipment Co., Ltd., had its old factory land use rights in Tianshu District, Guangzhou, compensated by the Tianshu District government to support the urban village renovation project and optimize the company's asset structure. The expected compensation amount range is between 0.9 billion yuan and 1.02 billion yuan. (Gelonghui)
China Postal Technology (688648.SH): The government has compensated for the requisition of certain land use rights belonging to wholly-owned subsidiaries.
Glory11 reported on November 27th that China Post Technology (688648.SH) announced that in order to cooperate with the renovation of urban villages in Tianhe District, Guangzhou, and to optimize the company's asset structure by revitalizing the company's existing idle assets, after negotiations between the Tianhe District People's Government of Guangzhou and the company, the company's wholly-owned subsidiary Guangdong Xinyuan Logistics Equipment Co., Ltd. (referred to as "Xinyuan Subsidiary") located in the old factory area of Tianhe District is planned to be expropriated by the Tianhe District Government for compensation, involving a land area of 40,077 square meters, with an estimated compensation amount ranging from 0.9-1.02 billion yuan. The specific amount shall be subject to the agreement signed by both parties.
China Post Technology (688648.SH): 35.5289 million shares of restricted shares will be lifted on November 13th.
Gelonghui November 5th | Zhongyou Technology (688648.SH) announced that the total number of shares listed this time is 35.5289 million shares. Among them, 4,928,924 shares are held indirectly by employees through the employee shareholding platform Shanghai Runyi Enterprise Management Partnership Enterprise (Limited Partnership) and Shanghai Hongyi Enterprise Management Partnership Enterprise (Limited Partnership), accounting for 3.62% of the total share capital of the company. According to the "Interim Measures for State-owned Technology Enterprises to Incentivize Equity and Dividends" (Finance [2016] No. 4), after the lock-up period for these restricted shares is lifted, they will participate in the company's stock-based incentive plan.
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