KangLongDa: JuYin Fund plans to reduce its holdings by no more than 3% of shares

According to the Zhitong Finance APP, KangLongDa announced that Juyin Fund plans to reduce its holdings by no more than 4.8333 million shares, or no more than 3% of the company's total share capital, through centralized bidding and block trading within 90 days after the 15 trading days from the date of the announcement due to its own funding needs

KangLongDa provides a progress announcement on a guarantee of 38 million yuan for its holding subsidiary

Zhejiang KangLongDa Special Protection Technology Co., Ltd. announced that it has provided a guarantee of 38 million yuan for its holding subsidiary Jiangxi Tiancheng Lithium Industry Co., Ltd., with an actual guarantee balance of 130 million yuan. The total amount of external guarantees by the company and its holding subsidiaries is 806.83 million yuan, accounting for 131.37% of the most recent audited net assets. This guarantee has been approved by the board of directors and the shareholders' meeting, aiming to support the subsidiary's daily operations, with controllable guarantee risks

KangLongDa: Termination of fundraising projects and permanent replenishment of working capital

KangLongDa announced that the company has decided to terminate the "Annual Production of 2,400 Tons of Multifunctional, High-Performance, High-Strength, and High-Modulus Polyethylene Fiber Project" and will permanently supplement the remaining raised funds of 89.7245 million yuan into working capital. A total of 107 million yuan has been invested in this project, with an investment progress of 55.58%. The termination is mainly based on considerations of industry growth slowdown, intensified competition, and improving the efficiency of fund utilization. This matter still needs to be submitted to the shareholders' meeting for deliberation

KangLongDa hit the daily limit, with an increase of 10.01% and a transaction volume exceeding 100 million yuan

The textile and apparel sector rebounds after hitting a low, Anzheng Fashion hits the limit up

The textile and apparel sector has rebounded from its lows. As of the time of writing, Anzheng Fashion has hit the daily limit, J-Micro has risen over 15%, and Hongdou Industrial, KangLongDa, Nanshan Fashion, Taihua New Material, and others are among the top gainers