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Zhonglu Co Ltd (900915.SS)

900915.SS on Shanghai Stock Exchange

22 Feb 2017
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$-0.01 (-0.73%)
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Thu, Jan 19 2017

BRIEF-Zhonglu unit to buy 16 pct stake of shares IoT firm at 36 mln yuan

* Says its unit plans to buy 16 percent stake of shares (7.2 million shares) in a Shanghai-based IoT (Internet of Things) firm, at price of 36 million yuan

BRIEF-Zhonglu to sell entire 15.4 pct stake in futures firm at 47.7 mln yuan

* Says it resolved to sell its entire holding 15.4 percent stake in a Shenzhen-based futures firm at price of 47.7 million yuan

BRIEF-Zhonglu expects Q1 to Q3 of 2016 net profit to increase above 50 pct

* Says net profit of Q1 to Q3 of 2016 expected to increase above 50 percent

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