zhejiang rongsheng holding group co ltd in stock

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Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International stock quotes are delayed as per exchange requirements. Fundamental company data and analyst estimates provided by FactSet. Copyright 2019© FactSet Research Systems Inc. All rights reserved. Source: FactSet

Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Sources: FactSet, Dow Jones

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Data are provided "as is" for informational purposes only and are not intended for trading purposes. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Data may be intentionally delayed pursuant to supplier requirements.

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This company operates as a holding firm for a group of subsidiaries engaged in polyester, spinning, false-twisting, coal chemicals, real estate, venture investment business activities. It was incorporated in 2006 and has its registered office in Hangzhou, China. As a holding company, it handles the administrative affairs and services and grants management services to its subsidiaries, as well as provides financial support and control function for the board. Furthermore, the firm is responsible for managing the group and its overall legal structure, tax planning, financial and equity structures. It is also in -charge in various matters relating to policy, strategic planning, marketing, selecting and manning senior management positions, approving investments and budgets, and the overall ongoing monitoring of the group"s performance.

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Zhejiang Rongsheng Holding Group Co., Ltd., through its subsidiaries, engages in the businesses of petrochemical, polyester, spinning, false-twisting, logistics, coal chemicals, real estate, and venture investment businesses.

Zhejiang Rongsheng Holding Group Co., Ltd. signed an equity transfer agreement to acquire a 22.61% stake in RiseSun MGL New Energy Technology Co., Ltd. from CITIC Guoan Information Industry Co., Ltd. (SZSE:000839) for CNY 1 billion on July 27, 2020. As part of the transaction, Zhejiang Rongsheng Holding Group Co., Ltd. shall pay first equity transfer payment of CNY 509 million within 25 working days after the effective date of this agreement and entire remaining equity transfer payment no later than December 31, 2020. Zhejiang Rongsheng Holding Group Co., Ltd. will use its own funds or self raised funds. In the year ended December 31, 2019 RiseSun MGL New Energy Technology Co., Ltd. reported total assets of CNY 37.2 million, revenue of CNY 8.5 million and net loss of CNY 1.19 million. Post completion CITIC Guoan Information Industry Co., Ltd. holds no equity in RiseSun MGL New Energy Technology Co., Ltd. Board of directors of CITIC Guoan Information Industry Co., Ltd. approved the transaction.

Rongsheng Petrochemical Co., Ltd. engages in the research, development, production, and sale of chemical, oil, and polyester products. It offers gasoline, diesel fuel, kerosene, paraxylene, ethylene glycol, styrene 156, m-xylene, polyethylene, polypropylene, EVA, polycarbonate, ABS, PTA, PIA, filament, bottle flakes, and film. The company also offers olefins and their downstream, aromatics and their downstream, oil products, etc., which are widely used in covering new energy, new materials, organic chemicals, synthetic fibers, synthetic resins, Synthetic rubber, oil products, and other fields. The company was founded in 1995 and is based in Hangzhou, China. Rongsheng Petrochemical Co., Ltd. is a subsidiary of Zhejiang Rongsheng Holding Group Co., Ltd.

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