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COSCO Shipping Energy to Buy Dalian Unit for 1.6 Billion Yuan

COSCO Shipping Energy Transportation (HKG:1138, SHA:600026) will accquire 100% of COSCO SHIPPING Investment Dalian for about 1.59 billion yuan, according to a Tuesday Hong Kong bourse filing.The company is buying the asset from its controlling shareholder, China COSCO Shipping Corporation.Dalian COSCO Energy, a wholly owned unit, will fund about 60% of the consideration through external financing and the remainder via internal resources.Upon completion, the target will become an indirect wholly owned subsidiary, and certain existing agreements with related parties will continue as ongoing connected transactions.COSCO Shipping Investment Dalian operates as an investment and asset management platform focused on shipping-related businesses, including liquefied gas transportation assets under development and a hazardous chemicals logistics park in Dalian, the filing said.

$HKG:1138$SHA:600026

Asia2d ago

CATL to Raise HK$39 Billion via Share Placement

Contemporary Amperex Technology (HKG:3750, SHE:300750) or CATL agreed to place 62.4 million new Hong Kong shares at HK$628.20 each, raising net proceeds of about HK$39.1 billion, according to a Tuesday bourse filing.The placing price represents a discount of about 7% to the last closing price and about 10.5% to the five-day average.The new shares account for about 1.38% of the company's existing issued share capital.The battery maker plans to use the proceeds to fund global new energy projects, expand its zero-carbon business, support research and development, and for general corporate purposes.CATL expects to place the shares with at least six professional and institutional investors under its general mandate, with no shareholder approval required.

$HKG:3750$SHE:300750

Asia2d ago

AMEC's Q1 Profit Nearly Triples as Revenue Jumps 34%

Advanced Micro-Fabrication Equipment China or AMEC (SHA:688012) reported a 197% jump in net profit for the first quarter of 2026 to 930.5 million yuan from 313.1 million yuan a year earlier.Earnings per share nearly tripled to 1.47 yuan from 0.50 yuan, according to a Shanghai Stock Exchange filing on Tuesday.The Chinese chip gear maker posted a 34% increase in revenue to 2.91 billion yuan from 2.17 billion yuan.AMEC attributed its performance to the development of the semiconductor equipment market.The company said it witnessed a significant increase in new shipments of high-end products targeting key etching processes in advanced logic and memory device manufacturing during the quarter.

$SHA:688012

Showing 3841-3860 of 14413

Financial News · Live Terminal

COSCO Shipping Energy to Buy Dalian Unit for 1.6 Billion Yuan

CATL to Raise HK$39 Billion via Share Placement

AMEC's Q1 Profit Nearly Triples as Revenue Jumps 34%

COSCO Shipping Energy to Buy Dalian Unit for 1.6 Billion Yuan

CATL to Raise HK$39 Billion via Share Placement

AMEC's Q1 Profit Nearly Triples as Revenue Jumps 34%

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