Wuxi Huaguang Environment & Energy's (SHA:600475) associate, Guolian Green Technology (Wuxi), submitted an application to list and offer shares on the Hong Kong Stock Exchange, according to a Shanghai bourse filing on Wednesday.
Guolian Green Tech is a provider of full-cycle smart energy management systems.
The Chinese environmental protection services provider's shares jumped 10% during the morning trade.
Miyoshi's (SGX:M03) shares surged nearly 13% on Wednesday after the manufacturer of precision pressed parts signed a non-binding letter of intent with Core Power (Fujian) Technology to dispose of its 42.11% stake in Core Power (Fujian).Under the letter, the company will dispose of the shares for an indicative consideration of 6 million yuan, according to a Tuesday filing with the Singapore Exchange.The completion of the disposal is subject to the execution of a definitive term sheet and shareholders' approval.
MTT Group (HKG:2350) said it was seeking to raise HK$68.8 million via a rights offering, according to a Tuesday filing with the Hong Kong bourse.The information technology company's shares fell over 10% in late morning trade Wednesday.The firm plans to offer eligible investors 2 rights shares for every five stocks held in the company. The rights shares will be priced at HK$0.275 each and investors will be offered allotments from a total pool of 250 million shares.Unsold shares will be offered to new investors.The firm will use proceeds from the offering to expand its business.
Guangzhou Development (SHA:600098) issued super short-term commercial paper worth 1 billion yuan, according to a Shanghai bourse filing on Wednesday.The bonds have a coupon rate of 1.36% and a term of 270 days, maturing Jan. 31, 2027.The Chinese power company's shares rose 2% during the morning trade.