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Xingda International Holdings ( (HK:1899) ) has provided an announcement.
Xingda International Holdings Limited announced a supplemental disclosure regarding the capital reduction of Dongying Rongju, clarifying that Dongying Rongju is no longer a connected person at the subsidiary level since March 2021. This update confirms that Dongying Rongju and its ultimate beneficial owners are independent third parties, which may impact the company’s operational dynamics and stakeholder relationships.
More about Xingda International Holdings
Xingda International Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the manufacturing and distribution of steel tire cords and bead wires, which are essential components in tire production. The company operates in the automotive industry, focusing on supplying high-quality materials to tire manufacturers.
Average Trading Volume: 389,047
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.27B
Learn more about 1899 stock on TipRanks’ Stock Analysis page.