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Zhejiang Furun Co Ltd (600070.SS)

600070.SS on Shanghai Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Zhejiang Furun sees Q1~Q3 FY 2017 net profit up 2000 pct to 2200 pct
Thursday, 12 Oct 2017 

Oct 12(Reuters) - Zhejiang Furun Co Ltd <600070.SS> : :Sees Q1~Q3 FY 2017 net profit to increase by 2000 percent to 2200 percent.Says Q1~Q3 FY 2016 net profit was 5.9 million yuan.The reasons for the forecast are increased investment return and contribution from subsidiaries .  Full Article

BRIEF-Zhejiang Furun to sell stake in units for totaling 75.3 mln yuan

* Says co plans to sell 47.4 percent stake in Zhejiang-based textile unit, 60 percent stake in silk weaving unit and 50 percent stake in property unit to co's controlling shareholder, for 75.3 million yuan in total