Hebei Huijin Electromechanical Co Ltd

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Huijin Shares Terminates Major Asset Restructuring Planned for Nearly a Year

Huijin Shares announced on the evening of August 14, 2026, that it is terminating a major asset restructuring that had been in the works for nearly a year. The company had originally planned to acquire a 20% stake in Cooper New Energy Co., Ltd. for cash and obtain no less than 51% of voting rights through voting rights delegation, thereby consolidating Cooper New Energy into its financial statements. Because the parties failed to reach agreement on core terms and no formal transaction documents were signed, no party is required to bear liability for breach of contract. The company has committed not to plan any major asset restructuring for at least one month from the date of the announcement. In the first quarter of 2026, Huijin Shares achieved operating revenue of 25.09 million yuan, down 4.46% year on year, and net profit attributable to shareholders of the listed company was negative 9.29 million yuan, narrowing the loss by 33.92% year on year.

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每日经济新闻·12dRead more ▾

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Huijin Co. and Keda Manufacturing Both Terminate Major Asset Restructurings

Huijin Co. and Keda Manufacturing separately announced on the evening of August 14 the termination of their respective major asset restructuring plans. Huijin Co. ended a nearly year-long plan to purchase a 20% stake in Cooper New Energy Co. with cash and obtain voting rights delegation of no less than 31%, because the parties failed to reach agreement on core terms. Keda Manufacturing's board approved the termination of its plan to acquire a 51.55% stake in Guangdong Tefu International Holdings Co. through share issuance and cash payment, along with raising supporting funds, and stated that Tefu International is a controlling subsidiary of the company, so the termination will not affect control rights or future plans.

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证券时报·13dRead more ▾

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Huijin Shares Plans to Acquire Controlling Stake in Cooper New Energy, Hits 20% Daily Limit Up After Trading Resumption

Hebei Huijin Group Co., Ltd. plans to acquire a 20% equity stake in Cooper New Energy Co., Ltd. for cash, and will be entrusted with no less than 31% of voting rights. After the transaction, Huijin will hold at least 51% of voting rights in Cooper New Energy, making it a controlled subsidiary. The deal is expected to constitute a major asset restructuring, and does not involve share issuance, related-party transactions, or a change in company control. Cooper New Energy is mainly engaged in the research, development, production, and sales of internal equipment for wind turbine towers and intelligent equipment for wind power construction. Huijin Shares stated that the transaction is still in the planning stage, and the specific terms require further negotiation and must go through decision-making and approval procedures. Boosted by this news, Huijin Shares hit the 20% daily limit up in early trading on July 20, and as of 2 p.m., the buy order queue still stood at 137,000 lots.

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证券日报·38dRead more ▾

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Huijin Stock Elects Wang Zijie as Chairman and Legal Representative

Huijin Stock has elected Wang Zijie as chairman and legal representative. On July 16, the company held its second extraordinary general meeting and the sixth meeting of the sixth board of directors, electing Wang Zijie as a non-independent director and chairman of the sixth board of directors, with a term lasting until the expiry of the sixth board's tenure. At the same time, the company's legal representative was changed to Wang Zijie. In the first quarter of 2026, Huijin Stock achieved revenue of 25.09 million yuan and a net loss attributable to the parent company of 9.29 million yuan.

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