China Ruifeng Renewable Energy (HKG:0527) proposed changing its name to Ruifeng Green Energy AI Computing, according to a Monday Hong Kong bourse filing.
The company said the proposed rebranding reflects the addition of artificial intelligence computing operations alongside its existing renewable energy business.
The name change is subject to shareholder approval and regulatory approval in the Cayman Islands.
The Hong Kong and China Gas (HKG:0003), or Towngas, plans to support the expansion of its newer businesses through third-party funding rather than raising fresh capital, The Standard reported Monday, citing Chief Investment Officer Alan Chan Ying-lung.Chief Financial Officer Edmund Yeung Lui-ming said Towngas' businesses are currently split between core operations and growth businesses, which contribute about 90% and 10% of profits, respectively, according to the report.Yeung expects the contribution from growth businesses to increase to 20% to 25% over the next four to five years, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Seyond (HKG:2665) plans to buy back up to HK$100 million of its shares in June, according to a Monday filing with the Hong Kong bourse.Shares of the image-grade LiDAR technology provider gained nearly 5% in morning trade Tuesday.The buyback will last until June 17, the firm said.
Beijing Xunzhong Communication Technology (HKG:2597) is facing a lawsuit seeking 181.2 million yuan in liquidated damages over a computing power services agreement, according to a Tuesday Hong Kong bourse filing.Qingdao Guoshi Data Service asked the Qingdao Intermediate People's Court to terminate the contract and order Xunzhong to pay damages.The dispute stems from a December 2025 agreement under which Xunzhong was to provide 256 high-performance intelligent computing node servers and related services.The company said U.S. export controls on Nvidia chips disrupted supply and prevented its upstream suppliers from fulfilling their obligations, leading Xunzhong to terminate the agreement in January.The court has frozen company assets under pre-litigation preservation procedures, including bank accounts with balances totaling about 16.1 million yuan and the equity interest in wholly owned subsidiary Beijing Zhongmai Communication Technology, the filing said.Xunzhong said the case has not adversely affected its operations or financial position and that the first hearing is scheduled for June 17.