Global Infotech Co Ltd: A Snapshot of Recent Developments
Global Infotech Co Ltd, a prominent player in the Information Technology sector, specializes in financial information software and integrated services. Listed on the Shenzhen Stock Exchange, the company has a market capitalization of 6,460,991,566 CNY. As of May 20, 2025, its close price was 13.58 CNY, with a 52-week high of 23.38 CNY on December 17, 2024, and a low of 6.08 CNY on June 5, 2024. The company’s price-to-earnings ratio stands at 341.657, indicating a high valuation relative to its earnings.
Recent Financial News
While Global Infotech Co Ltd was not directly mentioned in the recent financial news, several significant developments in the broader market context are noteworthy:
Hengchuang Group’s Acquisition: Hengchuang Group announced plans to acquire 100% of the shares of Shandong Hengtuo Industrial, a leading global aluminum product manufacturer, for 6,351,793.54 million CNY. This acquisition aims to transform Hengchuang Group into a comprehensive aluminum industry player, enhancing its production capabilities and promoting green, low-carbon upgrades.
DeMaiShi’s Control Change: DeMaiShi disclosed a control change, with its direct controlling shareholder, DeMaiShi Investment, planning to transfer its 100% stake to Huixin Chuangzhi Investment. This transaction will result in Huixin Chuangzhi becoming the indirect controlling shareholder, with the company’s actual controller changing from He Jianping to Pan Yi. DeMaiShi’s stock is set to resume trading on May 23, 2025.
Tongling Shares’ Controlling Shareholder Restructuring: Tongling Shares announced that its controlling shareholder, Jiangsu Shangkun Biotech Equipment Co., Ltd., plans to undergo a restructuring, splitting into an existing company and a newly established entity. The new company will acquire 29.08% of Tongling Shares’ stock, becoming the new controlling shareholder. This restructuring is not expected to impact Tongling Shares’ production and operations.
Zangge Mining’s Dividend Receipt: Zangge Mining received a cash dividend of 15.39 billion CNY from its associate company, Julong Copper Industry.
Gao Weida’s Investment in Lanxin Computing Power: Gao Weida announced a planned investment of 10 million CNY in Lanxin Computing Power (Shenzhen) Technology Co., Ltd., making it a subsidiary post-investment.
These developments reflect significant movements within the IT and related sectors, highlighting strategic acquisitions, control changes, and investments aimed at enhancing industry capabilities and market positions.