Beijing New Energy Vehicle, the electric vehicle manufacturing subsidiary of BAIC BluePark New Energy Technology (SHA:600733), recorded a 27.8% rise in total sales to 21,871 units in May from 17,120 units sold a year ago, according to a Tuesday filing with the Shanghai Stock Exchange.
Total production in May jumped 56.2% year-on-year to 20,982 units from 13,433 units.
Australian shares are poised to fall on Tuesday after oil prices jumped more than 4% on escalating Middle East tensions, including reports that Iran has halted indirect talks with the US and threats to disrupt shipping through the Strait of Hormuz.Sentiment was also dented by the escalating Israel-Lebanon conflict, as Israeli forces advanced deeper into Lebanon in their ongoing operations against Hezbollah.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.3%, 0.4%, and 0.1%, respectively.In the macroeconomy, the ANZ-Roy Morgan Australian consumer confidence rose 2.7 points to 68.8 in the week of May 25 to May 31, ANZ reported Tuesday.Australia's balance of payments and international investment position, building approvals, business indicators, and mineral and petroleum exploration reports are due at 11:30 am Sydney time.In corporate news, Atlas Arteria (ASX:ALX) issued a supplementary target statement that continues to recommend the rejection of a takeover bid by IFM Global Infrastructure Fund.Star Entertainment Group (ASX:SGR) secured a $390 million senior secured financing facility from WhiteHawk Capital Partners, strengthening liquidity and refinancing existing debt amid ongoing operational and financial pressures.Australia's benchmark index edged down 0.03% or 2.3 points to close at 8,729.40 on Monday.
Taiwan's Hon Hai Precision Industry (TPE:2317), also known as Foxconn, has partnered with French advanced computing company Bull to manufacture artificial intelligence and cloud infrastructure, according to a press release on Monday.The companies will combine Bull's AI systems design and Foxconn's global manufacturing scale and supply chain capabilities to build and deliver AI infrastructure products, including computing systems and related components.Under the deal, component manufacturing and initial testing will be done at Foxconn's facility in Pardubice, Czech Republic. Meanwhile, the final assembly, system integration, and quality validation will then be carried out at Bull's factory in Angers, France.To execute the deployment in France, the project is expected to involve an initial investment of over 120 million euros.
Rigaku (TYO:268A) has set an offering price of 2,738 yen per share for its secondary offering, comprising a base offering of 29.6 million shares and an over-allotment option of up to 4.44 million additional shares.The total offering value for the base transaction amounts to nearly 81 billion yen, with underwriters purchasing the shares at 2,623.88 yen per share and reselling them to the public at the offering price, according to a Tokyo bourse filing on Monday.The subscription period runs from June 2 to June 3, with settlement scheduled for June 8, while the green shoe option can be exercised from June 8 through June 25.The company said that the securities have not been registered under the U.S. Securities Act, meaning they cannot be offered or sold in the United States without an exemption.