Friend to Set Up Joint Venture, NEV Parts Factory for 2 Billion Yuan

MT Newswires Live2024-10-22

Friend Co. (SHA:605050) plans to establish a joint venture with Hunan Valin Lianyuan Iron & Steel and to construct a new energy vehicle parts manufacturing base for 2 billion yuan, according to a Monday filing on the Shanghai Stock Exchange.

The venture, which will be located in Loudi Economic and Technological Development Zone in Hunan, China, will manage the manufacturing base that will be built in two phases.

The Chinese steel logistics company will own 65% of the venture, while Valin Iron & Steel will own 35%, the filing said.

Friend's shares rose more than 2% in recent trade.

Price (RMB): ¥9.45, Change: ¥+0.20, Percent Change: +2.16%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2477870545?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-22 14:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2477870545","market":"fut","top_or_hot":-1,"title":"Friend to Set Up Joint Venture, NEV Parts Factory for 2 Billion Yuan","media":"MT Newswires Live","content":"<html><body><p> Friend Co. (SHA:605050) plans to establish a joint venture with Hunan Valin Lianyuan Iron &amp; Steel and to construct a new energy vehicle parts manufacturing base for 2 billion yuan, according to a Monday filing on the Shanghai Stock Exchange.</p><p>The venture, which will be located in Loudi Economic and Technological Development Zone in Hunan, China, will manage the manufacturing base that will be built in two phases.</p><p>The Chinese steel logistics company will own 65% of the venture, while Valin Iron &amp; Steel will own 35%, the filing said.</p><p>Friend's shares rose more than 2% in recent trade.</p><p>Price (RMB): ¥9.45, Change: ¥+0.20, Percent Change: +2.16%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Friend to Set Up Joint Venture, NEV Parts Factory for 2 Billion Yuan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFriend to Set Up Joint Venture, NEV Parts Factory for 2 Billion Yuan\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-10-22 14:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Friend Co. (SHA:605050) plans to establish a joint venture with Hunan Valin Lianyuan Iron &amp; Steel and to construct a new energy vehicle parts manufacturing base for 2 billion yuan, according to a Monday filing on the Shanghai Stock Exchange.</p><p>The venture, which will be located in Loudi Economic and Technological Development Zone in Hunan, China, will manage the manufacturing base that will be built in two phases.</p><p>The Chinese steel logistics company will own 65% of the venture, while Valin Iron &amp; Steel will own 35%, the filing said.</p><p>Friend's shares rose more than 2% in recent trade.</p><p>Price (RMB): ¥9.45, Change: ¥+0.20, Percent Change: +2.16%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4185","symbol_name":"保健护理机构","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2477870545","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477870545","pubTimestamp":1729580170,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Friend Co.  plans to establish a joint venture with Hunan Valin Lianyuan Iron & Steel and to construct a new energy vehicle parts manufacturing base for 2 billion yuan, according to a Monday filing on the Shanghai Stock Exchange.The venture, which will be located in Loudi Economic and Technological Development Zone in Hunan, China, will manage the manufacturing base that will be built in two phases.The Chinese steel logistics company will own 65% of the venture, while Valin Iron & Steel will own 35%, the filing said.Friend's shares rose more than 2% in recent trade.Price : 9.45, Change: +0.20, Percent Change: +2.16%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"605050":"福然德","BK4185":"保健护理机构","JYNT":"The Joint Corp.","BK0237":"装卸搬运","NEV":"Nuveen Enhanced Municipal Value"},"translate_title":"友商20亿元合资新能源汽车零部件厂","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"605050":0.9,"NEV":1,"JYNT":1},"content_text":"Friend Co. (SHA:605050) plans to establish a joint venture with Hunan Valin Lianyuan Iron & Steel and to construct a new energy vehicle parts manufacturing base for 2 billion yuan, according to a Monday filing on the Shanghai Stock Exchange.The venture, which will be located in Loudi Economic and Technological Development Zone in Hunan, China, will manage the manufacturing base that will be built in two phases.The Chinese steel logistics company will own 65% of the venture, while Valin Iron & Steel will own 35%, the filing said.Friend's shares rose more than 2% in recent trade.Price (RMB): ¥9.45, Change: ¥+0.20, Percent Change: +2.16%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477870545","isCrawlerRequest":true}