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Top shareholder of China's troubled Zhongrong Trust plans to delist; stock surges

SHANGHAI :China's Jingwei Textile Machinery Co - the biggest shareholder of troubled Zhongrong International Trust Co - saw its stock surge on Wednesday after offering to buy out investors who object to the firm's plan to switch bourses.The price of Jingwei stock, which resumed trade following a two-day halt,
Zhongzhi Enterprise Group China Group Shenzhen Stock Exchange Zhongrong International Zhongrong International Trust Co China Jingwei Textile Machinery Co

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Spinning Machinery Market to grow at a CAGR of 5.81% from 2022 to 2027|Favorable government policies to boost the market growth- Technavio

The spinning machinery market size is expected to grow by USD 1,811.85 million from 2022 to 2027, progressing at a CAGR of 5.81% as per the latest Technavio market research report. APAC is estimated to contribute 92% to the growth by 2027. This is due to the demand from countries like China, India, and Bangladesh. The steady growth of cotton prices has been beneficial for spinning machinery manufacturers, enabling better production planning and cost estimation. In India, the cost of producing on
United States United Kingdom Republic Of Jesse Maida Camozzi Group Sp Toyota Industries Corp
Source: yahoo.com

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