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Kangxin New Materials Co Ltd (600076.SS)

600076.SS on Shanghai Stock Exchange

4.54CNY
17 Aug 2018
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Fri, May 4 2018

BRIEF-Kangxin New Materials to buy stakes in wood product and bamboo firms

* SAYS IT PLANS TO BUY 100 PERCENT STAKE IN WOOD PRODUCT FIRM FOR UP TO 1.08 BILLION YUAN ($169.90 million), 70 PERCENT STAKE IN LIAN CHENG CHAO BAMBOO INDUSTRY CO FOR ABOUT 70 MILLION YUAN BY CASH Source text in Chinese: https://bit.ly/2rk0iq7 Further company coverage: ($1 = 6.3565 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

BRIEF-Kangxin New Materials announces 2017 dividend payment

* Says it plans to pay cash dividend of 1.1 yuan per 10 shares (before tax) to the company's shareholders for 2017

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