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Luoyang Bearing Science & Technology Co Ltd (002046.SZ)

002046.SZ on Shenzhen Stock Exchange

14.86CNY
29 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Luoyang Bearing Science & Technology sees FY 2017 Q1 net loss to be 13.1 mln yuan to 19.3 mln yuan
Thursday, 23 Mar 2017 12:31am EDT 

Luoyang Bearing Science & Technology Co Ltd <002046.SZ> : Sees FY 2017 Q1 net loss to be 13.1 million yuan to 19.3 million yuan . Says the net loss of FY 2016 Q1 was 18.2 million yuan .Says that product sluggish in market as main reason for the forecast.  Full Article

Luoyang Bearing Science and Technology says China National Machinery Industry Corporation raises stake in it to 56.7 pct from 43.3 pct
Friday, 3 Mar 2017 01:02am EST 

Luoyang Bearing Science and Technology Co Ltd <002046.SZ>:Says China National Machinery Industry Corporation raised stake in it to 56.7 percent from 43.3 percent due to private placement of new shares for acquisition and fund raising.  Full Article

Luoyang Bearing Science & Technology revises acquisition amount for Sinomach Precision Industry to 981.4 mln yuan
Tuesday, 7 Feb 2017 11:37pm EST 

Luoyang Bearing Science & Technology Co Ltd <002046.SZ> : Says co revises acquisition amount for 100 percent stake in Sinomach Precision Industry to 981.4 million yuan, changed from 898 million yuan previously .Previous plan was disclosed on Aug. 8, 2016.  Full Article

Luoyang Bearing Science and Technology raises 2016 net profit outlook to be 0 to 30 million yuan
Wednesday, 11 Jan 2017 02:07am EST 

Luoyang Bearing Science and Technology <002046.SZ>: Sees net profit for 2016 to be 0 yuan to 30 million yuan . Says in the previous outlook, the company expected the net loss for 2016 to be 55 million yuan to 65 million yuan . Says the net loss of 2015 was 178.3 million yuan .Comments that gain on transaction of high-speed rail bearing-related business is the main reason for the forecast.  Full Article

Luoyang Bearing Science and Technolog sells part of business for 149.7 mln yuan
Wednesday, 28 Dec 2016 01:59am EST 

Luoyang Bearing Science and Technology Co., Ltd.<002046.SZ>:Says it sold bearing relevant business for high-speed rail at 149.7 million yuan.  Full Article

Luoyang Bearing Science and Technology scraps selling plan of 47.6 pct stake in Luoyang precision machinery unit
Thursday, 22 Dec 2016 04:00am EST 

Luoyang Bearing Science and Technology Co., Ltd.<002046.SZ>: Says it scraps selling plan of 47.6 percent stake in Luoyang-based precision machinery unit .Says previous plan disclosed on July 16.  Full Article

Luoyang Bearing Science and Technology names Liu Dagong as chairman and Zhufeng as general manager
Thursday, 1 Dec 2016 09:33pm EST 

Luoyang Bearing Science and Technology Co., Ltd.<002046.SZ>:Says it names Liu Dagong as chairman and Zhufeng as general manager.  Full Article

Luoyang Bearing Science and Technology to buy Sinomach Precision Industry for 898 mln yuan via share issue and fund raising
Monday, 8 Aug 2016 02:41am EDT 

Luoyang Bearing Science and Technology Co., Ltd. <002046.SZ>: Says it plans to acquire 100 percent stake in Sinomach Precision Industry Co., Ltd through 100 million shares issue, at 8.97 yuan per share, from China National Machinery Industry Corporation . Says transaction price is 898 million yuan .Says it will raise 628.9 million yuan via private placement for projects funds.  Full Article

Luoyang Bearing Sci & Tech plans to acquire Sinomach Precision Industry for 898 mln yuan via share issue
Monday, 8 Aug 2016 01:21am EDT 

Luoyang Bearing Science & Technology Co Ltd <002046.SZ> : Says it plans to acquire Sinomach Precision Industry Co Ltd for 898 million yuan ($134.90 million) via share issue .Says it plans to raise up to 628.9 million yuan in private placement of shares to fund the acquisition.  Full Article

Luoyang Bearing Science & Technology to sell 47.6 pct stake in Luoyang precision machinery unit by lising
Sunday, 17 Jul 2016 11:23pm EDT 

Luoyang Bearing Science & Technology Co Ltd <002046.SZ>: Says the co owned 47.6 percent stake in the co's unit, a Luoyang-based precision machinery unit, will be listed and sold to the public . Says the 47.6 percent stake will be traded at no less than 4.2 million yuan .Says the company is aiming to cut stake in the Luoyang-based precision machinery unit to 18 percent from 65.6 percent.  Full Article

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