Guangzhou Development (SHA:600098) issued 1 billion yuan in five-year bonds due May 2031.
The bonds carry an interest rate of 1.85%, according to a Thursday filing with the Shanghai bourse.
Ping An Securities served as lead underwriter, with Guotai Haitong Securities as co-lead underwriter.
Shares of the power company closed 4% higher Thursday.
Sichuan Shudao Equipment & Technology (SHE:300540) won the bid for the construction of air separation units for a gas demonstration project, according to a Shenzhen bourse filing on Thursday.The company will construct four units with 78,870 normal cubic meter per hour each.The units will be part of Xinjiang Qinghua Feng Energy's 5.5 billion cubic meter coal-to-natural gas demonstration project.Shares of the natural gas liquefaction equipment manufacturer closed 2% higher.
Jardine Matheson Holdings' (SGX:J36) purchase of Australia-based I-Med Radiology Network improves its business portfolio, S&P Global Ratings said in a Thursday release.S&P expects the Hong Kong-based conglomerate to boost the acquired firm's growth, given its push for expansion spending and efforts to navigate new markets.I-Med will yield an annual EBITDA growth of between 10% and 15% in its share of Jardine's portfolio, parallel to its 12% reported EBITDA growth over the five years to end-June 2025, S&P said.Organic growth amid a rise in the Australia and New Zealand medical imaging markets, network expansion in these markets, and progress in technology and AI tools will serve as growth drivers, S&P said.Jardine's debt-to-EBITDA ratio should remain under 2x after the acquisition's completion amid organic growth and likely asset sales, S&P said.
Loongson Technology (SHA:688047) plans to raise up to 2.30 billion yuan through a share placement, according to a Shanghai bourse filing on Thursday.The proceeds will be used to the construction of research and development centers for information-oriented chips, CPU core key technology and general-purpose GPU core key tech based on Xnm process tech.The remaining funds will be used to supplement the company's working capital.The Chinese information and industrial control chips processor's shares rose by less than 2% at the close.