"The first stock of grain and oil equipment" COFCO Engineering was successfully listed, and there are still...

Recently, COFCO Engineering Technology Co.

On the first day of listing, COFCO's stock price rose 283.

Soaring 283% on the first day of listing

On September 9, COFCO Engineering was officially listed on the stock market.

The prospectus shows that COFCO Engineering was established in 1993 and is one of the important business segments of COFCO.

In terms of performance, COFCO Engineering has continued to increase its net profit in the past three years

According to the information from Tianyan Check, COFCO Engineering Group Co.

There are still many pending lawsuits

It is worth noting that, according to the prospectus, COFCO Engineering currently has risks related to pending litigation

According to the information disclosed in the prospectus, up to now, of the 12 lawsuits mentioned above, 3 have involved the freezing of COFCO engineering funds, which are respectively the Changji civil engineering construction contract dispute, with a frozen amount of 104 million yuan; the Tayuan civil engineering construction contract dispute, with a frozen amount of 3,600 yuan.

Regarding the above litigation, COFCO Engineering said that there is no guarantee that any litigation judgment will be beneficial to it.