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Wuchan Zhongda Group Probing Subsidiary Over Missing Copper Shipment
Wuchan Zhongda Group (SHA:600704) is looking into the copper trading activities of 78.18%-owned Wuchan Zhongda International Trade Group following media reports of a missing shipment of copper from Ru
Express News | A share buyback overview (June 17th): 6 companies disclose progress on buybacks.
Billions of copper from Russia went missing, and Wuchan Zhongda Group has a history of lost goods.
The lost 2000 tons of copper products have pushed Wuchan Zhongda Group into the public eye.
Wuchan Zhongda Group responds to reports of lost copper products: it will not have a significant impact on the company's subsequent operation.
On June 14th, GeLongHui reported that Wuchan Zhongda Group announced that it has recently been scrutinized by the media for its copper product trading business. The company has made preliminary verification of the relevant situation. The incident involves an amount of approximately RMB 110 million, which accounts for a small portion of the company's net income attributable to shareholders and will not have a significant impact on the company's subsequent operations. The company will closely monitor the progress of this event.
Express News | Wuchan Zhongda Group issued an announcement regarding media reports, stating that recently, the media has paid attention to the company's copper product trade business, and the company is further verifying the situation with its subsidiary, Wuchan Zhongda
Li'an Technology (300784.SZ): Its main customers include Logitech International, Hikvision Group, Minth Group, Prudential Junsheng, Wuchan Zhongda Group, etc.
Lian Technology (300784.SZ) stated on the investor interaction platform on June 12 that the company's products are widely used in fields such as consumer electronics, toys, daily necessities, auto parts, and medical instruments. The main customers include Logitech International, Hikvision Group, Minth Group, Praj Industries, and Wuchan Zhongda Group.
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