Guangdong Zhongnan Iron and Steel (SHE:000717) will contribute its 1.032% stake in Baowu Water Technology as a capital increase in Baowu Environmental Technology.
The deal will leave Guangdong Zhongnan Iron and Steel with an estimated 0.34% stake in Baowu Environmental Technology, according to a Thursday filing with the Shenzhen bourse.
Shares of the steel company closed 1% higher Thursday.
Weibo (HKG:9898) recorded an attributable net income of $34.7 million in the first quarter of 2026, down from $107 million a year prior, according to a Thursday Hong Kong bourse filing.Earnings per share plunged to $0.14 from $0.41 in the corresponding period of the previous fiscal year.Revenue jumped 6% to $421.3 million from $396.9 million in the year-ago period
Zhuhai CosMX Battery (SHA:688772) will invest 14.7 million yuan to increase the capital of equity-participating company Guangdong National New Energy Storage Research Institute, or the National Research Institute, according to a Thursday filing with the Shanghai bourse.The listed company will then subscribe to 4 million yuan of the National Research Institute's newly registered capital.Zhuhai CosMX Battery directly holds 14% of the equity of the National Research Institute.
Wuxi Taiji Industry (SHA:600667) said Chair Fang Tao resigned due to work adjustment.General Manager Wang Yibo will serve as acting chair until a successor is elected, according to a Thursday filing with the Shanghai bourse.Shares of the semiconductor company closed 2% lower Thursday.