Suzhou GYZ Electronic Technology (SHA:688260) appointed Yan Rongkun as chief financial officer, succeeding Chen Yan.
Yan has been serving as head of the company's finance department since July 2021, according to a filing with the Shanghai bourse.
Shares of the precision electronic components maker closed 4% lower Friday.
Mizuho Financial (TYO:8411) will reduce its stake in credit card issuer Orient Corp (TYO:8585) to about 33.8% through the sale of a 15% holding, marking a partial exit following pressure from an activist investor seeking clearer direction on the investment, Bloomberg reported Friday.The bank will remain a major shareholder after the transaction, down from a position of more than 48% previously, according to the report.Activist investor Strategic Capital, which holds nearly 12% of Orient Corp, has pushed Mizuho to either deepen control through full ownership or fully unwind its stake, arguing the current arrangement raises governance concerns and weighs on shareholder value, the report said.(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.)
Shanghai Longyun Cultural Creation & Technology Group's (SHA:603729) unit, Shanghai Holdo Industrial, plans to sell a real estate on the Shanghai United Assets and Equity Exchange, according to a Shanghai bourse filing on Friday.The real estate, which is located in Sheshan Town, Songjiang District, Shanghai, will have a listing price of 125.9 million yuan.The land has a gross floor area of 8,047.59 square meters and a land area of 17,125 square meters.The Chinese advertising services provider's shares fell 2% at the close.
Shanghai Electric Power (SHA:600021) raised 2.1 billion yuan through the issuance of super short-term commercial paper.The debt securities have a term of 184 days, a 1.44% coupon rate per annum, and will mature on Nov. 13, according to a filing with the Shanghai bourse.Proceeds will be used for debt payments.Shares of the power company closed 3% lower on Friday.