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The unit, which makes industrial robots, plans to issue up to 10 per cent of its enlarged share capital.
The Hang Seng Indexes Company said it has decided to remove Lenovo from the blue-chip index after reviewing the Hang Seng Family of Indexes for the quarter ended March 30 this year.
The acquisition will allow Tianjin Tianhai to tap into China’s e-commerce market via Dangdang, which is known for its online marketplace for books, clothes, furniture and other consumer goods.
iPhone supplier Foxconn’s core manufacturing business has come under pressure due to a slowdown in demand for smartphones globally.
Provisional liquidation signals Huishan will likely be wound-up, with its assets sold off to help pay off billions of dollars owed to creditors.
Shares of Yingde Gases were suspended on Friday after the company said it might withdraw its Hong Kong listing in September after China’s largest industrial gases company finalizes a privatization plan. In March, Hong Kong-based private equity firm PAG agreed to buy the 42.1 percent stake of three co-founders of… Read more »
Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$61 billion ($7.9 billion) in 2016, the Hong Kong Monetary Authority (HKMA) said on Wednesday. The figure compared with an adjusted HK$15.8 billion investment loss in 2015. The Exchange Fund recorded an investment… Read more »
Sunac paid 35.39 yuan per share for its stake in Leshi Internet.
Beijing Soft Rock Investment Group said on Monday it had scrapped an asset-swap deal with Dalian Wanda Group, which is seeking a backdoor listing for its commercial property business in Shanghai. But Wanda, owned by China’s richest man, Wang Jianlin, said on its website on Tuesday that it had not… Read more »