CHU KONG PIPE suggests reducing the premium on shares
CHU KONG PIPE announced that it recommends reducing the share premium of approximately RMB 767 million to be accounted for in the share premium account to offset the accumulated losses as of December 31, 2024. After the offset, the accumulated losses will be RMB 1.728 billion, and the accumulated profit will be RMB 92.224 million
According to the announcement from Zhujiang Steel Pipe (01938), the company proposes to allocate several amounts from the share premium to offset the accumulated losses as of December 31, 2024.
It is proposed to reduce and offset several amounts from the company's share premium account, approximately RMB 767 million, to offset the accumulated losses. After the proposed offset, the company's accumulated losses will be RMB 1.728 billion, and the group's accumulated profit as of December 31, 2024, will be RMB 92.224 million
