-- China's postal sector revenue rose 5.9% year on year to 449.3 billion yuan in the first quarter, according to the State Post Bureau.
Express delivery revenue rose 6.8% to 369.0 billion yuan.
Total parcels reached 51.9 billion, a 4.5% increase, with express deliveries at 47.73 billion items, up 5.8%.
In March, the sector's revenue climbed 3.1% to 157.3 billion yuan, with express delivery revenue rising 4.7% to 130.5 billion yuan.
Metaplanet (TYO:3350) is revising its use of proceeds to allocate 8 billion yen toward bond redemptions while reducing planned Bitcoin purchases, according to a Friday filing on the Tokyo Stock Exchange.The change follows the issuance of 8 billion yen in bonds, with proceeds initially earmarked for Bitcoin now partly redirected to repay the notes as stock acquisition rights are exercised.The company cut its planned Bitcoin allocation to 25.42 billion yen from 33.42 billion yen, while maintaining 3.71 billion yen for Bitcoin income generation.
Hanwa (TYO:8078) is carrying out an absorption-type company split with wholly owned unit HKG Trading to streamline operations and strengthen group management, according to a Friday filing on the Tokyo Stock Exchange.The move will transfer certain assets, liabilities and business functions tied to group companies to Hanwa, with the restructuring set to take effect on June 30.No cash consideration will be involved and Hanwa's capital will remain unchanged.