Key Developments: Kingray New Materials Science & Technology Co Ltd (600390.SS)

600390.SS on Shanghai Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kingray New Materials Science & Technology subsidiary obtains high-tech enterprise recognition and to enjoy tax preference
Tuesday, 24 Mar 2015 08:00pm EDT 

Kingray New Materials Science & Technology Co Ltd:Hunan-based wholly owned subsidiary was recognized as high-tech enterprise.The subsidiary will enjoy a tax preference for three years.  Full Article

Kingray New Materials Science & Technology announces no dividend payment for 2014
Friday, 13 Feb 2015 07:00pm EST 

Kingray New Materials Science & Technology Co Ltd:To pay no dividend to shareholders for 2014.  Full Article

Kingray New Materials Science & Technology completes acquisition in HUNAN CHANGYUAN LICO
Wednesday, 24 Dec 2014 07:00pm EST 

Kingray New Materials Science & Technology Co Ltd:Completes acquisition of 49 pct stake in subsidiary HUNAN CHANGYUAN LICO CO LTD.The company is holding 100 pct stake in the subsidiary.  Full Article

Kingray New Materials Science & Technology Co Ltd to increase capital in subsidiary
Friday, 19 Dec 2014 07:00pm EST 

Kingray New Materials Science & Technology Co Ltd:To invest 297.8771 mln yuan in a Changsha-based energy materials subsidiary.To increase holding stake to 93 pct from 51.32 pct after increase capital in the subsidiary.  Full Article

Kingray New Materials Science & Technology subsidiary signs license contract
Wednesday, 10 Dec 2014 07:00pm EST 

Kingray New Materials Science & Technology Co Ltd:A energy materials subsidiary has signed a license contract with, a Japan-based company, Sumitomo Metal Mining Co., Ltd.The contract allows the subsidiary to use patented technology and undisclosed technology, with a term of 10 years.Sumitomo Metal Mining Co., Ltd. will send technical staff to the production line.  Full Article

Kingray New Materials Science & Technology Co Ltd to acquire 49 pct stake in HUNAN CHANGYUAN LICO CO., LTD.
Wednesday, 3 Dec 2014 07:00pm EST 

Kingray New Materials Science & Technology Co Ltd:To acquire 49 pct stake in HUNAN CHANGYUAN LICO CO., LTD. from CHANGSHA RESEARCH INSTITUTE OF MINING AND METALLURGY CO., LTD. with 12,376,400 yuan.The company will hold 100 pct stake in HUNAN CHANGYUAN LICO CO., LTD. after transaction.  Full Article

Kingray New Materials Science & Technology Co Ltd announces change in accounting policy
Wednesday, 29 Oct 2014 08:00pm EDT 

Kingray New Materials Science & Technology Co Ltd:Says change in accounting policy due to new accounting standards announced by Ministry of Finance of the People's Republic of China.Effective July 1.  Full Article

Kingray New Materials Science & Technology to apply for credit line
Tuesday, 23 Sep 2014 08:00pm EDT 

Kingray New Materials Science & Technology Co Ltd:To apply to Changsha Lugu Branch of Bank of China for credit line of 200 mln yuan, with a term of one year.To apply to Changsha Branch of China Merchants Bank for comprehensive credit line of 160 mln yuan, with a term of one year.  Full Article

Kingray New Materials Science & Technology announces change of general manager
Tuesday, 23 Sep 2014 08:00pm EDT 

Kingray New Materials Science & Technology Co Ltd:Appoints Du Weiwu as new general manager to replace Xiao Kesong, who resigned on Sep. 22.  Full Article

Kingray New Materials Science & Technology issues H1 2014 net profit outlook
Friday, 11 Jul 2014 08:00pm EDT 

Kingray New Materials Science & Technology Co Ltd:Sees net profit for the H1 2014 to be about - 13 mln yuan.The net profit of the same period in 2013 was 5,091,400 yuan.Comments that increased sales volume, increased operating income, decreased subsidies as the factors that contributed to the net profit of H1 2014.  Full Article

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