Shenzhen Stock Exchange issues a regulatory letter on Wanfeng Aowei.


Key Topics in this News Article:

News Snapshot:

On November 7, the Shenzhen Stock Exchange issued a supervision letter on Zhejiang Wanfeng Aowei Steam Turbine Co., Ltd. The details are as follows: Board of Directors of Zhejiang Wanfeng Aowei Steam Turbine Co., Ltd. On April 16, 2020, your company completed the acquisition of 55% of the equity interest in Wanfeng aircraft Industry Co., Ltd. (hereinafter referred to as "Wanfeng aircraft"). As of the date of completion of the acquisition, Wanfeng aircraft accumulated a total capital balance of 384.62 million yuan (principal) from the controlling shareholder of the listed company, Wanfengot Holdings Group Co., Ltd. and its related parties,...