Avary Holding Shenzhen to Merge Two Huai'an Subsidiaries; Shares Fall 4%

Avary Holding Shenzhen (SHE:002938) said its board approved a merger by absorption between two wholly-owned Huai'an subsidiaries.

Qingding Precision Electronics will absorb Honghengsheng Electronic Technology, effective Sept. 30, according to a weekend filing with the Shanghai bourse.

Following the merger, Honghengsheng Electronic Technology will be deregistered, with all assets, liabilities, business and personnel transferred to Qingding Precision Electronics.

Shares of the printed circuit board manufacturer fell 4% in recent trade.

What else is happening in Asia?

Asia2d ago

Shui On Land's 20%-Owned Company to Sell China Property

Shui On Land (HKG:0272) said a company in which it holds a 19.8% stake agreed to sell a property in China to Chongqing Shengjuge Real Estate Agency for 201 million yuan.Chongqing Shui On Tiandi Real Estate Development expects the sale of the commercial site with a gross floor area of 31,287 square meters to support its resource allocation and cash flow, according to a Tuesday filing in Hong Kong.

HKG:0272

Asia2d ago

Lisi Group Unit Renews Lease for Factory, Office Property in China

Lisi Group (HKG:0526) unit Ningbo Lisi Household Products renewed the lease of a factory space and office property in China ahead of its Sept. 30 expiry.The new lease agreement signed with lessor Da Mei (Ningbo) New Materials will be effective for three years starting Oct. 1, 2026, and ending Sept. 30, 2029.

HKG:0526

Asia2d ago

Hunlicar Group Names Acting Chair

Hunlicar Group (HKG:3638) named CEO Chan Wing Sum as its acting chairman effective Friday, according to a same-day bourse filing.

HKG:3638