Greentown China (HKG:3900) plans to conduct an offshore debt offering to refinance existing borrowings, according to a Tuesday filing with the Hong Kong bourse.
The offering will be priced following a book-building exercise by Deutsche Bank, HSBC, Guotai Junan International, J.P. Morgan, Soochow Securities (Hong Kong), and UBS.
The property developer's shares were up 2% in recent trade.
Foxtron Vehicle Technologies (TPE:2258) incurred a loss attributable to owners of NT$899.3 million, or NT$0.51 per basic share, in the first quarter, according to a Monday Taiwan Exchange filing.Shares gained over 2% in Tuesday's afternoon trade.Operating revenue amounted to NT$819.2 million, the filing stated.The computer components manufacturer did not provide comparative year-ago figures.
Private Chinese refiners are requesting Beijing to reduce rates of oil processing as they are being pressured amid higher input costs brought by the Middle East war, Bloomberg News reported Monday, citing insiders.The request was made a month after the National Development and Reform Commission released an order that refiners should retain production at 2025 levels at any cost to ensure the availability of domestic fuel, the report said.The order caused run rates in April to hike to the highest in almost two years, while processors are incurring losses, according to the media outlet.The NDRC has not immediately responded to' request for comment on the matter.(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.)
Zhongtong Bus' (SHE:000957) sales grew 30% to 1,360 units in April from 1,046 units in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.The bus manufacturer's production rose 8.9% year over year to 1,216 units from 1,117 units.