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United States

Sailun Jinyu Group Co Ltd (601058.SS)

601058.SS on Shanghai Stock Exchange

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7 Dec 2016
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Fri, Sep 23 2016

BRIEF-Sailun Jinyu Group establishes unit SAILUN JINYU INTERNATIONAL HOLDING (HONG KONG)

* Says it established a wholly owned subsidiary named SAILUN JINYU INTERNATIONAL HOLDING (HONG KONG) CO., LIMITED

BRIEF-Sailun Jinyu Group expects 2016 H1 net profit to rise by 90 pct to 110 pct

* Says it expects 2016 H1 net profit of 199.4 million yuan to 220.4 million yuan, to increase by 90-110 percent compared with 2015 H1

BRIEF-Sailun Jinyu's unit plans to acquire 15 pct stake in Canada's Goma Int'l

* Says unit plans to acquire 15 percent stake in Goma International Corp for C$30 million ($23.20 million)

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