Shenzhen JDD Tech New Material (SHE:301538) signed the letter of intent to acquire a 51% stake in Huizhou Fudi Wangwang Industrial for up to 300 million yuan.
Huizhou Fudi Wangwang Industrial manufactures cold plates and water distributors for liquid cooling systems used in data centers, electric vehicles, and base stations, according to a filing with the Shenzhen bourse on Wednesday.
Shares of the new materials producer jumped nearly 14% in recent trade.
Electronics Mart India (NSE:EMIL, BOM:543626) began the commercial operations of a new multi-brand store, named BAJAJ ELECTRONICS, on Tuesday in Pallakol, Andhra Pradesh, India, according to a same-day filing.Shares of the company rose nearly 3% in Wednesday's trade.
Race Eco Chain (NSE:RACE, BOM:537785) said its subsidiary Ganesha Recycling Chain invested 20 million rupees in GEM Polymers, a step-down subsidiary of the company, according to a Tuesday filing on Indian bourses.Shares of Race Eco Chain fell nearly 3% in Wednesday's trade.As part of the investment, Ganesha Recycling Chain has received 200,000 shares, or a 49% stake, in GEM Polymers.
Pharscin Pharmaceutical's (SHE:002907) Ganjie Bingmei Tablets completed the domestic drug manufacturing filing process with China's National Medical Products Administration, according to a Shenzhen bourse filing on Wednesday.The drug is used to treat dry throat, sore throat, hoarseness and pharyngeal mucosal congestion.The Chinese pharmaceutical company's shares slipped 1% at the close.