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United States

Kangxin New Materials Co Ltd (600076.SS)

600076.SS on Shanghai Stock Exchange

8.49CNY
26 May 2017
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Mon, May 22 2017

BRIEF-Kangxin New Materials elects chairwoman, vice chairman

* Says board elects Guo Zhixian as chairwoman, Li Jie as vice chairman

BRIEF-Kangxin New Materials to acquire CXIC Jiashan Timber Products for 300 mln yuan

* Says it plans to acquire CXIC Jiashan Timber Products Co for 300 million yuan ($43.69 million)

BRIEF-Kangxin New Materials sees 2016 net profit to rise 37-44 pct

* Says it expects 2016 net profit to rise 37-44 percent y/y to 370-390 million yuan ($53.97-$56.89 million)

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