Inactive Instrument

Weiqiao Textile Company Limited

2698

CNE1000004M7

Shandong Weiqiao Pioneering Group Co.,Ltd agreed to acquire remaining 36.5475% stake in Weiqiao Textile Company Limited for HKD3.5 per share.

December 03, 2023

Shandong Weiqiao Pioneering Group Co.,Ltd agreed to acquire remaining 36.5475% stake in Weiqiao Textile Company Limited (SEHK:2698) for HKD3.5 per share on December 4, 2023. The payment of the total consideration will be financed by internal cash resources and/or external debt financing. CICC acted as financial advisor to Shandong Weiqiao Pioneering Group Co.,Ltd. Elstone Securities Limited acted as Financial advisor to Independent Board Committee.

Latest news about Weiqiao Textile Company Limited

Shandong Weiqiao Pioneering Group Co.,Ltd completed the acquisition of remaining 36.5475% stake in Weiqiao Textile Company Limited.	Mar. 18	CI
Weiqiao Textile Shareholders to Vote on Go-Private Offer by Parent	Jan. 22	MT
Weiqiao Says Conditions For Merger With Shandong Weiqiao Fulfilled	Jan. 17	MT
Weiqiao Textile Company Limited Announces Change of Principal Place of Business in Hong Kong	Dec. 27	CI
Weiqiao Textile Gets Go-Private Offer from Parent	Dec. 05	MT
Shandong Weiqiao Pioneering Group Co.,Ltd agreed to acquire remaining 36.5475% stake in Weiqiao Textile Company Limited for HKD3.5 per share.	Dec. 03	CI
Weiqiao Textile to Renew Yarn and Fabric Supply Deal with Parent	23-09-29	MT
Weiqiao Textile Company Limited Enters into the Renewed Cotton Yarn, Grey Fabric and Denim Supply Agreement	23-09-28	CI
Weiqiao Textile Company Limited(SEHK:2698) dropped from S&P Global BMI Index	23-09-18	CI
Weiqiao Textile Company Limited Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-11	CI
Weiqiao Textile Expects Loss of Up to 600 Million Yuan in H1; Shares Slip 6%	23-07-30	MT
Weiqiao Textile Company Limited Provides Earning Guidance for the First Half Ended June 30, 2023	23-07-30	CI
Weiqiao Textile Company Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-17	CI
Weiqiao Textile Forecasts 1.6 Billion Yuan Loss in 2022	23-02-05	MT
Weiqiao Textile Company Limited Provides Preliminary Unaudited Group Earnings Guidance for the Year Ended 31 December 2022	23-02-03	CI
Weiqiao Textile Sells Land for 19 Million Yuan	22-12-28	MT
Weiqiao Textile Swings to Loss in January-June	22-08-21	MT
Weiqiao Textile Company Limited Reports Earnings Results for the Half Year Ended June 30, 2022	22-08-19	CI
Weiqiao Textile Sees up to $104 Million Loss in H1	22-07-18	MT
Weiqiao Textile Company Limited Provides Earning Guidance for the Interim Results for the Six Months Ended 30 June 2022	22-07-14	CI
Weiqiao Textile Company Limited Approves Final Dividend for the Year Ended 31 December 2021, Payable on 24 June 2022	22-05-27	CI
Weiqiao Textile's Earnings Rise in 2021 on Higher Sales Volume, Price of Textile Products	22-03-14	MT
Weiqiao Textile Company Limited Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-11	CI
Weiqiao Textile Company Limited Recommends Payment of Final Dividend for the Year Ended December 31, 2021, Payable on June 24, 2022	22-03-11	CI
Weiqiao Textile Company Limited Provides Unaudited Group Earnings Guidance for the Year Ended December 31, 2021	22-01-28	CI

Chart Weiqiao Textile Company Limited

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Company Profile

Weiqiao Textile Co Ltd is a China-based company principally engaged in the manufacture and sale of cotton yarn, grey fabric and denim and generation and sale of electricity and steam. The Company primarily operates its businesses through two segments. The Textile Products segment is mainly engaged in the production and sale of cotton yarn, grey fabric and denim. The Electricity and Steam segment mainly generates electricity and steam for internal use in the production of textile products and sales to external customers. The Company distributes its products within the domestic market and to overseas markets.

Sector

Textiles & Leather Goods

Calendar

2024-08-15 - Q2 2024 Earnings Release (Projected)

More about the company

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