Plummeting cash flow and a stake-trimming top shareholder: What’s up at Zhejiang Shibao?
The automotive steering systems maker’s profit fell despite growing revenue in the first quarter, prompting investors to vote with their feet Key Takeaways: Zhejiang Shibao reported its operating cash flow…
BRIEF: Sanhua to raise up to $1 billion in Hong Kong IPO
Refrigeration and air conditioning component maker Zhejiang Sanhua Intelligent Controls Co. Ltd. (2050.HK, 002050.SZ) launched its Hong Kong IPO on Friday, aiming to raise up to HK$8.1 billion ($1.03 billion)…
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BRIEF: Sanhua to raise up to $1 billion in Hong Kong IPO
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