BRIEF: WH Group to sell down Smithfield stake
Pork producer WH Group Ltd. (0288.HK) announced on Wednesday that its wholly owned SFDS UK Smithfield unit will sell 16 million shares of its U.S.-based Smithfield Foods Inc. (SFD.US) subsidiary…
BRIEF: Shoucheng plans $77 million share placement
Smart infrastructure asset management services provider Shoucheng Holdings Ltd. (0697.HK), said on Thursday it will sell 276 million new shares for HK$2.17 apiece in a top-up placement. The transaction represents…
BRIEF: WuXi XDC to raise $348 million via share placements at 4% discount
Contract drug services provider WuXi XDC Cayman Inc. (2268.HK) on Wednesday announced two share placements to raise a combined HK$2.71 billion ($348 million) in new funds. The company plans to…
BRIEF: Yunfeng invests $44 million for 10,000 ether tokens
Yunfeng Financial Group Ltd. (0376.HK) said on Tuesday it purchased 10,000 ether tokens on the open market for $44 million. Funds for the purchase came from the company's internal reserves,…
BRIEF: Aux shares slump in Hong Kong trading debut
Shares of Aux Electric Co. Ltd. (2580.HK) fell 5.4% on their first trading day in Hong Kong on Tuesday, as the air conditioner maker raised nearly HK$4 billion ($513 million).…
INDUSTRY BRIEF: China eases TV drama restrictions, industry sees turning point
China’s television drama industry is seeing its most significant regulatory relaxation in nearly 20 years, according to a report in financial media Caixin. The National Radio and Television Administration (NRTA)…
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