Announcement • 23h
Guangxi Wuzhou Communications Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Guangxi Wuzhou Communications Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Declared Dividend • Jun 28
Dividend increased to CN¥0.14 Dividend of CN¥0.14 is 6.1% higher than last year. Ex-date: 30th June 2026 Payment date: 30th June 2026 Dividend yield will be 4.0%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 55% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.9% EPS decline seen over the last 5 years. New Risk • Apr 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 3.9% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risks High level of debt (48% net debt to equity). Paying a dividend despite having no free cash flows. Announcement • Apr 20
Guangxi Wuzhou Communications Co., Ltd., Annual General Meeting, May 08, 2026 Guangxi Wuzhou Communications Co., Ltd., Annual General Meeting, May 08, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Nanning, Guangxi China Reported Earnings • Apr 19
Full year 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.43 in FY 2024) Full year 2025 results: EPS: CN¥0.35 (down from CN¥0.43 in FY 2024). Revenue: CN¥1.35b (down 26% from FY 2024). Net income: CN¥556.5m (down 20% from FY 2024). Profit margin: 41% (up from 38% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Mar 30
Guangxi Wuzhou Communications Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Guangxi Wuzhou Communications Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Board Change • Mar 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. Vice Chairman & GM Guoping Xu was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 26
Guangxi Wuzhou Communications Co., Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 Guangxi Wuzhou Communications Co., Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.13 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.12 (down from CN¥0.13 in 3Q 2024). Revenue: CN¥391.9m (down 8.0% from 3Q 2024). Net income: CN¥192.0m (down 9.9% from 3Q 2024). Profit margin: 49% (down from 50% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Guangxi Wuzhou Communications Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Guangxi Wuzhou Communications Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: CN¥0.075 (vs CN¥0.087 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.075 (down from CN¥0.087 in 2Q 2024). Revenue: CN¥406.5m (up 5.7% from 2Q 2024). Net income: CN¥120.4m (down 14% from 2Q 2024). Profit margin: 30% (down from 36% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 30
Guangxi Wuzhou Communications Co., Ltd. to Report First Half, 2025 Results on Aug 08, 2025 Guangxi Wuzhou Communications Co., Ltd. announced that they will report first half, 2025 results on Aug 08, 2025 Declared Dividend • Jun 18
Dividend of CN¥0.13 announced Shareholders will receive a dividend of CN¥0.13. Ex-date: 20th June 2025 Payment date: 20th June 2025 Dividend yield will be 3.0%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but not covered by cash flows (151% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥4.52, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 17x in the Infrastructure industry in China. Total returns to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥5.08, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 17x in the Infrastructure industry in China. Total returns to shareholders of 81% over the past three years. Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.43 (vs CN¥0.41 in FY 2023) Full year 2024 results: EPS: CN¥0.43 (up from CN¥0.41 in FY 2023). Revenue: CN¥1.82b (up 12% from FY 2023). Net income: CN¥698.2m (up 5.7% from FY 2023). Profit margin: 38% (down from 40% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 29
Guangxi Wuzhou Communications Co., Ltd., Annual General Meeting, Apr 22, 2025 Guangxi Wuzhou Communications Co., Ltd., Annual General Meeting, Apr 22, 2025, at 15:00 China Standard Time. Location: 28F, No. 115-1, Minzu Avenue, Nanning, Guangxi China Announcement • Mar 28
Guangxi Wuzhou Communications Co., Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Guangxi Wuzhou Communications Co., Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 New Risk • Feb 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change). Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥4.77, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 16x in the Infrastructure industry in China. Total returns to shareholders of 80% over the past three years. Announcement • Dec 27
Guangxi Wuzhou Communications Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Guangxi Wuzhou Communications Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥4.69, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 17x in the Infrastructure industry in China. Total returns to shareholders of 82% over the past three years. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.13 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.13 in 3Q 2023). Revenue: CN¥425.9m (up 3.5% from 3Q 2023). Net income: CN¥213.2m (up 4.5% from 3Q 2023). Profit margin: 50% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Guangxi Wuzhou Communications Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Guangxi Wuzhou Communications Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥3.86, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 15x in the Infrastructure industry in China. Total returns to shareholders of 50% over the past three years. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: CN¥0.087 (vs CN¥0.092 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.087 (down from CN¥0.092 in 2Q 2023). Revenue: CN¥384.6m (down 3.9% from 2Q 2023). Net income: CN¥140.0m (down 5.5% from 2Q 2023). Profit margin: 36% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Aug 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.1% to CN¥4.00. The fair value is estimated to be CN¥3.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Earnings per share has declined by 6.1%. Announcement • Jun 28
Guangxi Wuzhou Communications Co., Ltd. to Report First Half, 2024 Results on Aug 13, 2024 Guangxi Wuzhou Communications Co., Ltd. announced that they will report first half, 2024 results on Aug 13, 2024 Declared Dividend • Jun 17
Dividend of CN¥0.11 announced Shareholders will receive a dividend of CN¥0.11. Ex-date: 20th June 2024 Payment date: 20th June 2024 Dividend yield will be 2.2%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 78% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.0% EPS decline seen over the last 5 years. Buy Or Sell Opportunity • May 06
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to CN¥4.72. The fair value is estimated to be CN¥3.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Earnings per share has declined by 8.4%. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.16 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.16 in 1Q 2023). Revenue: CN¥405.1m (up 10% from 1Q 2023). Net income: CN¥213.3m (up 7.7% from 1Q 2023). Profit margin: 53% (down from 54% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: CN¥0.53 (vs CN¥0.47 in FY 2022) Full year 2023 results: EPS: CN¥0.53 (up from CN¥0.47 in FY 2022). Revenue: CN¥1.63b (down 3.2% from FY 2022). Net income: CN¥660.7m (up 14% from FY 2022). Profit margin: 40% (up from 35% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. New Risk • Mar 30
New major risk - Revenue and earnings growth Earnings have declined by 2.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.0% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥3.48, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 16x in the Infrastructure industry in China. Total returns to shareholders of 33% over the past three years. Announcement • Dec 29
Guangxi Wuzhou Communications Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024 Guangxi Wuzhou Communications Co., Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024 Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.11 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.17 (up from CN¥0.11 in 3Q 2022). Revenue: CN¥411.3m (up 16% from 3Q 2022). Net income: CN¥203.9m (up 50% from 3Q 2022). Profit margin: 50% (up from 39% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.12 in 2Q 2022). Revenue: CN¥400.3m (down 3.4% from 2Q 2022). Net income: CN¥148.1m (up 3.9% from 2Q 2022). Profit margin: 37% (up from 34% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. Announcement • Jun 28
Guangxi Wuzhou Communications Co., Ltd. to Report First Half, 2023 Results on Aug 04, 2023 Guangxi Wuzhou Communications Co., Ltd. announced that they will report first half, 2023 results on Aug 04, 2023 Reported Earnings • Apr 21
First quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.16 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.16 in 1Q 2022). Revenue: CN¥367.1m (up 8.6% from 1Q 2022). Net income: CN¥198.0m (up 9.8% from 1Q 2022). Profit margin: 54% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Non-Independent Director Jie Meng was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.16 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.16 in 3Q 2021). Revenue: CN¥354.3m (down 23% from 3Q 2021). Net income: CN¥136.4m (down 26% from 3Q 2021). Profit margin: 39% (down from 40% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.19 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.19 in 2Q 2021). Revenue: CN¥414.3m (down 2.0% from 2Q 2021). Net income: CN¥142.5m (down 33% from 2Q 2021). Profit margin: 34% (down from 51% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.17 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.16 (down from CN¥0.17 in 1Q 2021). Revenue: CN¥338.1m (down 34% from 1Q 2021). Net income: CN¥180.3m (down 4.5% from 1Q 2021). Profit margin: 53% (up from 37% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: CN¥0.62 (vs CN¥0.50 in FY 2020) Full year 2021 results: EPS: CN¥0.62 (up from CN¥0.50 in FY 2020). Revenue: CN¥1.83b (up 6.3% from FY 2020). Net income: CN¥701.7m (up 24% from FY 2020). Profit margin: 38% (up from 33% in FY 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.39 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥461.8m (down 10% from 3Q 2020). Net income: CN¥183.6m (down 59% from 3Q 2020). Profit margin: 40% (down from 86% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.066 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥422.6m (down 2.0% from 2Q 2020). Net income: CN¥213.6m (up 202% from 2Q 2020). Profit margin: 51% (up from 16% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • May 04
First quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.03 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥511.3m (up 39% from 1Q 2020). Net income: CN¥188.9m (up CN¥224.1m from 1Q 2020). Profit margin: 37% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.50 (vs CN¥0.78 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.72b (down 20% from FY 2019). Net income: CN¥564.3m (down 36% from FY 2019). Profit margin: 33% (down from 41% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 09
Guangxi Wuzhou Communications Co., Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021 Guangxi Wuzhou Communications Co., Ltd. announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Jan 29
New 90-day low: CN¥3.24 The company is down 8.0% from its price of CN¥3.53 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 2.0% over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥3.44 The company is down 2.0% from its price of CN¥3.52 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 16
New 90-day high: CN¥3.84 The company is up 4.0% from its price of CN¥3.68 on 18 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is down 4.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥501.9m, down 49% from the prior year. Total revenue was CN¥1.86b over the last 12 months, down 14% from the prior year. Announcement • Oct 20
Guangxi Wuzhou Communications Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Guangxi Wuzhou Communications Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Is New 90 Day High Low • Sep 28
New 90-day low: CN¥3.42 The company is down 2.0% from its price of CN¥3.50 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 2.0% over the same period. Announcement • Sep 08
Guangxi Real Estate Group Co., Ltd. completed the acquisition of Guangxi Zhouqi Investment Co., Ltd.\Qinzhou Qinlian Forestry Investment Co., Ltd. from Guangxi Wuzhou Communications Co., Ltd. Guangxi Real Estate Group Co., Ltd. won the bid to acquire Guangxi Zhouqi Investment Co., Ltd. and Qinzhou Qinlian Forestry Investment Co., Ltd. from Guangxi Wuzhou Communications Co., Ltd. (SHSE:600368) for approximately CNY 170 million on July 6, 2020. Guangxi Real Estate Group Co., Ltd. entered into an equity transfer agreement to acquire Guangxi Zhouqi Investment Co., Ltd.\Qinzhou Qinlian Forestry Investment Co., Ltd. from Guangxi Wuzhou Communications Co., Ltd. on September 3, 2020.
Guangxi Real Estate Group Co., Ltd. completed the acquisition of Guangxi Zhouqi Investment Co., Ltd.\Qinzhou Qinlian Forestry Investment Co., Ltd. from Guangxi Wuzhou Communications Co., Ltd. on September 3, 2020. Announcement • Jul 10
Guangxi Real Estate Group Co., Ltd. won the bid to acquire Guangxi Zhouqi Investment Co., Ltd. and Qinzhou Qinlian Forestry Investment Co., Ltd. from Guangxi Wuzhou Communications Co., Ltd. (SHSE:600368) for approximately CNY 170 million. Guangxi Real Estate Group Co., Ltd. won the bid to acquire Guangxi Zhouqi Investment Co., Ltd. and Qinzhou Qinlian Forestry Investment Co., Ltd. from Guangxi Wuzhou Communications Co., Ltd. (SHSE:600368) for approximately CNY 170 million on July 6, 2020. Announcement • Jul 08
Guangxi Wuzhou Communications Co., Ltd. to Report First Half, 2020 Results on Aug 21, 2020 Guangxi Wuzhou Communications Co., Ltd. announced that they will report first half, 2020 results on Aug 21, 2020 