FINWIRES · TerminalLIVE
FINWIRES

Han's Laser Technology Industry Investing 2.52 Billion Yuan on Fiber Optic Expansion

By

Han's Laser Technology Industry (SHE:002008) will invest up to 2.52 billion yuan in a Zhangjiagang optical fiber and preform plant in Jiangsu, China.

The move aims to boost self-sufficiency in synthetic quartz and preforms while deepening laser-fiber synergies, according to a Friday filing with the Shenzhen bourse.

The two-phase project targets 60 million core-kilometers of annual capacity. Estimated construction periods are up to 12 months for the first phase and up to 24 months for the second phase.

Related Articles

Asia

Helens International Unit Loses Appeal Over China Trademark Dispute; Shares Slip 5%

Helens International (HKG:9869) said a Beijing court invalidated three Chinese trademarks owned by an indirect wholly owned subsidiary after overturning a lower court ruling in the company's favor, according to a Thursday Hong Kong bourse filing.The court ruled that the trademarks were similar to earlier-registered trademarks owned by third parties and, therefore, invalid under China's trademark law.Helens said it is seeking legal advice and will consider all available measures to protect its interests. The company added that the dispute has no material impact on its business, operations, or financial position.Hong Kong-listed shares of the bar operator were down over 5% in Friday morning trade.

HKG:9869SGX:HLS
Asia

ZGC Sci-tech Enters Leaseback Arrangement Over Power Generation Facilities

Zhongguancun Science-Tech Leasing (HKG:1601) said it entered into two sale and leaseback agreements with Shandong Xuguo Energy, according to a Hong Kong bourse filing Thursday.In both deals, the company will separately acquire power generation facilities for 45 million yuan and lease them back to Shandong Xuguo Energy for 47 million yuan.The lease agreements will last for a year.

HKG:1601
Asia

Serial Achieva Bags Data Center Project in Malaysia

Serial Achieva (SGX:XHV) secured a co-location services contract in Malaysia, to provide data center capacity and related facilities to a local cloud services provider, according to a Thursday filing with the Singapore Exchange.The contract is valued at around 17.8 million ringgit and has a three-year initial term.Shares of the consumer and enterprise IT products company were up nearly 2% in Friday trading.

SGX:XHV