Shenzhen Honor Electronic (SHE:300870) plans to suspend the conversion of convertible bonds worth 644.5 million yuan until the distribution of its 2025 dividend, according to a Shenzhen bourse filing on Friday.
The suspension period will be between May 19 and 29.
The convertible bond, dubbed as the Outong convertible bond, was issued on July 5, 2024.
The electronic components maker's shares dropped by less than 4% at the close.
Japan's NEC (TYO:6701) will retain stable financials in line with its rating after the acquisition of U.S.-based software company CSG, S&P Global Ratings said in a Friday release.The technology company's profitability boost should anchor its financial profile after the 40 billion yen purchase, S&P said.The rating agency sees a moderate expansion in the company's EBITDA due to solid domestic digital transformation and disposal of low-profit segments.S&P expects the debt-to-EBITDA ratio to continue at about 0.6x following the acquisition.The company will be aggressive in increasing its investments, as seen in the planned investment capacity of between 1.2 trillion yen and 1.3 trillion yen for fiscal years 2026 to 2030.The company will keep its solid financial metrics through controlled financial management, but a rating upgrade will depend on its capital allocation plan, S&P said.
InnoScience (Suzhou) Technology (HKG:2577) received listing approval from the Hong Kong stock exchange for its H-share full circulation proposal, according to a Friday bourse filing.The approval covers the conversion and listing of 373.8 million domestic unlisted shares held by 35 participating shareholders into Hong Kong-listed shares.
Shoucheng (HKG:0697) posted a profit attributable to owners of HK$79 million for the first quarter, down from HK$213 million a year earlier, according to a Friday Hong Kong bourse filing.Earnings per share at the investment company came in at HK$0.0095, compared with HK$0.0299 a year earlier.Revenue fell to HK$327.1 million from HK$352.2 million in the prior-year period.