Brief: Xiwang Special Steel Believes Group Needs To Gradually Increase Raw Material Inventory

Xiwang Special Steel Co

31/12/2021 15:00

Dec 31 (Reuters) - Xiwang Special Steel Co Ltd  1266.HK :
    * XIWANG SPECIAL STEEL CO LTD - BELIEVES GROUP NEEDS TO
GRADUALLY
INCREASE RAW MATERIAL INVENTORY TO ENSURE SUPPLY
    * XIWANG SPECIAL STEEL - AFTER ENTERING TRADITIONAL
OFF-SEASON,
BOARD EXPECTS INVENTORY OF FINISHED PRODUCTS WILL INCREASE
    * XIWANG SPECIAL STEEL CO - CONSIDERS IT IS IN BEST INTEREST
OF
COMPANY TO PRESERVE EXISTING RESOURCES TO SUPPORT GROUP'S
OPERATIONS
    * XIWANG SPECIAL STEEL - RESOLVED THAT PAYMENT OF FINAL
DIVIDEND
AND DESPATCH OF SHARE CERTIFICATES FOR SCRIP SHARES WILL BE
FURTHER POSTPONED
    * XIWANG SPECIAL STEEL - CURRENTLY EXPECTS GROUP WILL
BENEFIT FROM
CONTINUING RECOVERY OF ECONOMY BOTH GLOBALLY AND IN PRC
    * XIWANG SPECIAL STEEL CO LTD - WILL BE ABLE TO PAY OUT
DIVIDEND
BY END OF JUNE 2022
    * XIWANG SPECIAL STEEL CO LTD - CURRENTLY EXPECTS THAT
BUSINESSES
AND CASH FLOW WILL IMPROVE IN FIRST HALF OF 2022
    * XIWANG SPECIAL STEEL CO LTD - EFFECTS OF OMICRON AND
GLOBAL
ECONOMY ON GROUP'S BUSINESSES AND LIQUIDITY REMAIN UNCERTAIN

Source text for Eikon:  ID:nHKS1YJ8gx 
Further company coverage:  1266.HK 

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