Filinvest Land (PSE:FLI) completed the listing of 9 billion Philippine pesos in retail bonds on the Philippine Dealing and Exchange on Tuesday.
The 3.5-year offering, which was oversubscribed by three times, marks the company's third tranche under its 35 billion pesos shelf-registration program, according to a Wednesday Philippine Exchange filing.
Proceeds will be used to refinance maturing debt, which previously funded construction projects for its housing and commercial properties, it said.
Chinese service robot maker Pudu Robotics is preparing for a Hong Kong listing, Nikkei Asia reported Wednesday, citing founder and chief executive Felix Zhang.Speaking on the sidelines of the Beyond Expo technology exhibition in Macau, Zhang said the listing would support the company's international expansion, though he did not provide a timetable, according to the report.Zhang reportedly added that the overseas markets account for the majority of Pudu's business, with Europe and the U.S. contributing about 60% of revenue, compared with less than 20% from China.(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.)
Chuangxin Industries' (HKG:2788) subsidiary Inner Mongolia Chuangyuan Metal has completed payment of about 476 million yuan in additional taxes related to its entitlement to preferential tax policies for high-tech enterprises, according to a Tuesday Hong Kong bourse filing.The company said the tax payment was made in accordance with guidance from the competent tax authority, and no administrative penalty was imposed.Chuangxin Industries said it has sufficient cash and bank deposits and does not expect the tax payment to have a material adverse effect on its overall financial condition.
BioDlink International (HKG:1875) said there were no undisclosed matters that would warrant an unusual movement in its stock's price, according to a Hong Kong bourse filing Tuesday.Shares of the drug maker gained 1% in late morning trade Wednesday.