Welcome to our dedicated page for GLG news (Ticker: GLG), a resource for investors and traders seeking the latest updates and insights on GLG stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GLG's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GLG's position in the market.
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TD Holdings, Inc. (Nasdaq: GLG) reported that its subsidiary, Shenzhen Tongdow Internet Technology Co., Ltd., achieved a record-breaking gross merchandise value (GMV) of RMB99 billion in Q1 2023, representing a 12.5% year-over-year growth. This achievement marks an increase of RMB11 billion compared to the previous year. Additionally, a report from Frost & Sullivan identified Tongdow as the top B2B e-commerce platform for non-ferrous metals, with a GMV of RMB440 billion. The company aims to enhance its services in global commodities trading and supply chains, further establishing its leadership in the e-commerce sector for bulk products.
TD Holdings, Inc. (Nasdaq: GLG) has announced a non-binding letter of intent (LOI) to acquire over 51% of Xinjiang Dede Xinyuan Environmental Protection Technology Co., Ltd. (XDX), an environmental management company focusing on tailings treatment. This acquisition will grant access to 200 million tons of asbestos tailings primarily composed of silicon dioxide and metallic magnesium. The goal is to expand TD Holdings' operations into refining these materials, enhancing service offerings in the non-ferrous metals sector. The purchase price will be finalized post-due diligence, and the transaction is expected to close by March 31, 2024, pending board approval and customary closing conditions. CEO Renmei Ouyang emphasized the acquisition's significance in promoting resource recycling and environmental protection.
