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    002601   CNE1000015M3

LB GROUP CO., LTD.

(002601)
  Report
End-of-day quote Shenzhen Stock Exchange  -  2022-12-06
18.98 CNY   -1.15%
04:57aLB Group to Buy Titanium Metal, Zirconium Assets for 402 Million Yuan
MT
11/17LB Group Unit Falls Victim to Trade Secret Theft
MT
11/10Lb Group Co., Ltd. Approves Profit Distribution for the Third Quarter of 2022
CI
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Guangdong Orient Zirconic Ind Sci & Tech Co.,Ltd announced that it expects to receive CNY 700 million in funding from LB Group Co., Ltd.

04/19/2022 EST

Guangdong Orient Zirconic Ind Sci & Tech Co., Ltd. announced a private placement of not more than 232,540,200 A shares at an issue price of not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of not more than CNY 700,000,000 on April 19, 2022. The transaction included participation from not more than 35 special investors including returning investor LB Group Co., Ltd. The company signed shares subscription agreement with returning investor LB Group Co., Ltd. The shares have a par value of CNY 1 each. The securities subscribed by LB Group Co., Ltd. will be subject to a hold period of 18 months from the date of closing and shares subscribed by other investors will be subject to a hold period of 6 months from the date of closing.

The transaction was approved at the 31st and 34th meeting of the 7th board of directors and the 34th meeting of the 7th board of supervisors and is subject to approval from the company's shareholders and the China Securities Regulatory Commission. The investor LB Group Co., Ltd. intends to subscribe for no less than 23.51% of the total number of shares issued in the transaction. Post the closing, LB Group Co., Ltd. will hold 29.99% stake in the company.


ę S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
GUANGDONG ORIENT ZIRCONIC IND SCI & TECH CO.,LTD 0.80% 6.27 End-of-day quote.-20.63%
LB GROUP CO., LTD. -1.15% 18.98 End-of-day quote.-33.61%
All news about LB GROUP CO., LTD.
04:57aLB Group to Buy Titanium Metal, Zirconium Assets for 402 Million Yuan
MT
11/17LB Group Unit Falls Victim to Trade Secret Theft
MT
11/10Lb Group Co., Ltd. Approves Profit Distribution for the Third Quarter of 2022
CI
10/25LB Group Co., Ltd. Proposes Profit Distribution for the Third Quarter of 2022
CI
10/25LB Group’s Q3 Profit Slumps 35%; Revenue Rises 3%
MT
10/24LB Group Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 202..
CI
10/19LB Group Forms $69 Million Titanium Alloy JV With Zhejiang Yongjin, Two Others
MT
10/19LB Group Earmarks $554 Million on New Synthetic Rutile Project
MT
10/07LB Group's Monthly Output of Titanium Sponge Hits 4,000-Ton Milestone
MT
08/27Jiaozuo Dingjie Electromechanical Installation Co., Ltd. signed the equity transfer agr..
CI
More news
Financials
Sales 2022 24 097 M 3 456 M 3 456 M
Net income 2022 4 151 M 595 M 595 M
Net Debt 2022 649 M 93,1 M 93,1 M
P/E ratio 2022 10,9x
Yield 2022 5,52%
Capitalization 44 947 M 6 446 M 6 446 M
EV / Sales 2022 1,89x
EV / Sales 2023 1,37x
Nbr of Employees 13 718
Free-Float 51,4%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 10
Last Close Price 18,98 CNY
Average target price 23,55 CNY
Spread / Average Target 24,1%
EPS Revisions
Managers and Directors
Qing Fei Shen Chief Financial Officer & Director
Gang Xu Chairman & President
Jun Feng Chairman-Supervisory Board
Guan Zhou Qiu Independent Director
Rui Qing Tan Vice Chairman
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