Newsletter summary
Baoming Technology announcesGamdomcrashDue to the change in investment planningGamdomcrashThe company decided to terminate the project of investing 6.2 billion yuan to build a composite copper foil production base in Maanshan, and cancel the project of Hefei new display device intelligent manufacturing base at the same time.
Text of news flash
[Maanshan composite copper foil production base project terminated due to change in investment planning] Baoming Technology revealed the latest developments of the company's original investment project in Maanshan City in its announcement on April 28. The original plan for a total investment of 6.2 billion yuan, for the construction of a composite copper foil production base. However, the company announced that due to the adjustment of investment planning, in order to avoid waste of resources, after in-depth study, the company decided to reach an agreement with the management committee of Ningma new functional area and Maanshan Hengwang Industrial Park Operation and Management Co., Ltd. to terminate the relevant contract and abandon the project. In addition, Baoming Technology also announced that it will terminate the project of "New Intelligent Manufacturing Base for display Devices" in Hefei. This decision may have a significant impact on the future development of the company and its performance in the secondary market. Investors need to keep a close eye on developments to assess the potential impact on the company's long-term strategy and share price.