Suning Hits Limit Up as Shenzhen Gov’t-Backed Firms Invest USD2.3 Billion to Prop Up Ailing Retailer
Shares in Suning.com shot up by the exchange-imposed daily limit today after it was announced that two investment firms backed by the Shenzhen government will pay CNY14.8 billion (USD2.3 billion) for a 23 percent stake in the ailing Chinese retailing giant to help ease liquidity pressure.
China to build over 600,000 5G base stations during 2021
China will build more than 600,000 5G base stations in 2021 as the nation accelerates the rollout of wireless technology, according to the Ministry of Industry and Information Technology.
Haier Smart Home to List on HK Bourse as Haier Electronics’ Privatization Is Approved
Haier Electronics Group will delist from the Hong Kong stock exchange on Dec. 23, stepping aside to make way for a secondary listing the same day on the HK bourse by its sister company Haier Smart Home as the two firms prepare to merge their home appliance businesses.
Midea Group purchases Hitachi Compressor (Thailand)
Midea Group purchases all outstanding shares of Hitachi Compressor（Thailand）Ltd. held by Hitachi Global Life Solutions, Inc. on December 24 2020.
Donper goes public with a rise of 40% on the first day of trading
Hubei Donper Electromechanical Group Co., Ltd. goes public on December 25 2020. Currently, Donper is a key supplier of compressors for leading refrigeration brands at home and abroad. Compressors carrying the brand of Donper boasts the largest global output and sales by brand.
| First | Previous | Next | Last | Current:40 [36] [37] [38] [39] [40] [41] [42] [43] [44] ... |