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1.Latest Announcement].
2008-07-21Published an announcement on the progress of major matters and continued to suspend trading.
Announcement on the progress of major matters of ST Chinatungsten.
Due to the uncertainty of the company's major asset restructuring, in order to safeguard the interests of all investors and avoid abnormal fluctuations in the company's stock price, the company has been suspended since July 14, 2008 after the application of our company.
During the suspension of the company, the company has completed preliminary communication with the controlling shareholder Hunan Nonferrous Metals Co., Ltd., formulated relevant work arrangements, and hired financial consultants, lawyers and other intermediaries, and intermediaries have entered the site to carry out due diligence work.
As the relevant matters have not yet been clarified and there are significant uncertainties, the company will continue to suspend trading, and the company will announce and resume trading in a timely manner after the company discloses the restructuring plan.
During the suspension of the company's trading, the company will draw up a restructuring plan with intermediaries as soon as possible, complete relevant work, fulfill information disclosure obligations in a timely manner, and issue substantive progress announcements or announcements related to asset restructuring matters in the planning as required. All investors are advised to pay attention to the investment risks.
2.Latest report].
2008-07-21*ST Chinatungsten (000657) asset restructuring entered the due diligence stage.
*ST Chinatungsten (000657) has made progress in asset restructuring. *ST Chinatungsten announced today that the company and the controlling shareholder Hunan Nonferrous Metals Co., Ltd. **** completed preliminary communication, during the suspension period, Hunan Nonferrous Metals formulated relevant work arrangements, and hired financial consultants, lawyers and other intermediaries, intermediaries have entered the market to carry out due diligence work.
On July 14, *ST Chinatungsten was suspended again, which was the third time in nearly nine months that the company was suspended due to asset restructuring. *ST Chinatungsten has been suspended due to the demonstration of major asset restructuring matters.
In fact, the asset restructuring announced by *ST Chinatungsten can be traced back to the commitment to share reform. In the second half of 2006, Hunan Nonferrous Metals Co., Ltd. promised to inject cemented carbide and other assets into Chinatungsten High-tech before the end of 2007. However, at the extraordinary general meeting of shareholders held by *ST China Tungsten in November last year, the additional issuance plan proposed by Hunan Nonferrous Metals was rejected by shareholders.
On May 13 this year, Yang Bohua, chairman of *ST Chinatungsten, publicly stated at the shareholders' meeting that the commitment of the controlling shareholder is still valid, but there is no timetable for the restructuring. As for *ST Chinatungsten, *ST Chinatungsten has lost money for two consecutive years in 2006 and 2007, and if there is no new asset injection from the major shareholder, *ST Chinatungsten will continue to lose money this year, and it will face the risk of delisting. Therefore, the asset restructuring of *ST tungsten is imminent.
Li Xiaoping).
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Landlord, don't ** if you don't understand, beware of speculating on you!
I don't know about the suspension.
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Chinatungsten High-tech Materials Co., Ltd. **** Announcement on the progress of resuming listing.
The Company and all members of the Board of Directors guarantee that the content of the information disclosed is true, accurate and complete, and that there are no false records, misleading statements or material omissions.
Due to the company's losses in 2007, 2008 and 2009 for three consecutive years, the company was suspended from listing on April 9, 2010 by the Shenzhen Stock Exchange. The progress of the company's measures for the resumption of listing is hereby announced as follows:
First, the company by strengthening production and operation management, to achieve a profit of 10,000 yuan in the first quarter of 2011, the company will continue to grasp market opportunities, improve profitability.
2. On March 22, 2011, the company submitted a written application for resumption of listing and related documents to the Shenzhen ** Stock Exchange. On March 25, 2011, the company received the letter on agreeing to accept the application for the resumption of listing of Chinatungsten High-tech Materials Co., Ltd. (No. 2) of the Shenzhen ** Exchange, and the Shenzhen ** Exchange officially accepted the company's application for resumption of listing and required the company to provide additional relevant materials. According to the relevant provisions of the Listing Rules of the Shenzhen **Stock Exchange, the Shenzhen ** Exchange will make a decision on whether to approve the company's application for resumption of listing within 30 trading days after the formal acceptance of the company's application for resumption of listing, and the period during which the company provides supplementary materials will not be included in the above period.
3. The company, its controlling shareholders and actual controllers will formulate relevant plans in accordance with the requirements of the "Letter on Agreeing to Accept the Application for Resumption of Listing of Chinatungsten High-tech Materials", promote the process of resumption of listing, and provide supplementary relevant materials. The company will strictly follow the provisions and requirements of relevant laws and regulations, and do a good job of information disclosure for the resumption of listing in a timely manner.
If the Shenzhen ** Stock Exchange finally fails to approve the resumption of the listing of the company**, the company** will be terminated from listing. The Board of Directors of the Company reminds investors to be aware of investment risks.
During the suspension of listing, the company will strictly comply with the relevant provisions of the "Company Law", "** Law" and "Shenzhen ** Exchange Listing Rules", and conscientiously fulfill its information disclosure obligations. "China ** News" and Juchao Information Network (information disclosure designated by the company**.
The announcement is hereby made. Chinatungsten High-tech Materials Co., Ltd.
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