New Kinpo Group Chairman Apologizes for Stock Price Below 10 Yuan, Prioritizing Willingness for Merger with Taiwan New Financial Holdings

Reported 7 months ago

During the shareholders' meeting on June 14, 2024, New Kinpo Group (2888) admitted its financial statements for the year 112, with accumulated net profit reaching 10.209 billion yuan and total assets at 5.1 trillion yuan by May. Chairman Chen Huaizhou apologized to shareholders for the stock price falling below 10 yuan, promising to work harder for the company's improved management and higher shareholder value. The group's main goal is to increase the stock price to over 10 yuan, focusing on reinforcing the capital structure and meeting regulatory requirements, while considering potential mergers with Taiwan New Financial Holdings or other financial institutions. Despite facing challenges from the pandemic and global economic fluctuations, New Kinpo Group aims to continue its growth and profitability.

Source: YAHOO

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