Cocoon (HKG:0428) agreed to place up to over 25.7 million shares to raise net proceeds of HK$5 million, according to a Thursday Hong Kong bourse filing.
The shares, representing 16.67% of the securities company's enlarged issued share capital will be placed at HK$0.20 apiece to at least six investors.
The firm intends to use proceeds for investment in listed and unlisted securities, as well as for general working capital.
Beijing Creative Distribution Automation (SHE:002350) will purchase energy storage systems from an unnamed company, according to a Thrusday filing with the Shenzhen bourse.The company chose not to name the seller, citing confidentiality reasons, but said it is a "globally renowned energy storage system provider."Beijing Creative Distribution Automation will purchase at least 200 megawatts of energy storage systems.The two parties also signed a system purchase and sale agreement for the Valcha energy storage project in Romania.
China Longyuan Power (HKG:0916, SHE:001289) completed the issue of two series of 1.4 billion yuan each of debentures on Wednesday, according to a Thursday Hong Kong bourse filing.The debentures carry a coupon rate of 1.32% and will fall due in 180 days.The firm will use proceeds to replenish daily working capital and repay debt.
Johnson Electric (HKG:0179) recorded a 23% decline in attributable profit in the fiscal year ending March 31 to $202.1 million from $262.8 million a year prior, according to a Thursday Hong Kong bourse filing.Earnings per share stood at $0.2159 from $0.2816 in the corresponding period of the previous fiscal year.The electro-mechanical component firm's sales remained unchanged year over year at $3.65 billion.The company recommended a final dividend of HK$0.44 per share for the period, payable Aug. 12 to shareholders of record as of July 27.