Xiamen King Long Motor's (SHA:600686) bus sales slipped 1.9% to 3,509 units in May from 3,575 units in the year-ago period, according to a Thursday filing with the Shanghai bourse.
Bus production grew 1.6% to 4,146 units from 4,082 units.
Shares fell 8% during late afternoon trading on Thursday.
Leshan Electric Power (SHA:600644) plans to establish a subsidiary to manage the implementation of a power station project, according to a Shanghai bourse filing on Thursday.The subsidiary will be named Sichuan Ledian Qingbaijiang Energy Storage Technology and it will have a registered capital of 1 million yuan.Ledian Qingbaijiang will be the implementing body for the construction of an electrochemical energy storage power station, which will have a capacity of 100 megawatts or 200 megawatt hours.The Chinese hydroelectric power distributor's shares slipped 1% during the afternoon trade.
Shanghai @hub (SHA:603881) will purchase scientific computing equipment for computing power services for five years at up to 800 million yuan, according to a Thursday filing with the Shanghai bourse.The company will build an AI4S scientific computing service integrating computing power supply, software support, public services, operation and maintenance support, it said in the filing.Each device will contain at least 500 high-performance supercomputing chips.Shares rose nearly 3% in recent trade.
South Korean shares closed nearly 2% lower on Thursday, after overnight losses on Wall Street and fresh Middle East tensions following the U.S. launching new military attacks on Iran's Qeshm Islands.The Korea Composite Stock Price Index or Kospi fell 162.08 points, or 1.8%, to end at 8,639.41. The Kosdaq increased by 23.7 points, or 2.3%, to close at 1,049.73.In economic news, South Korea's official foreign reserve assets stood at $427.0 billion at the end of May, compared with $427.9 billion in the previous month, according to Bank of Korea data published Thursday.The amount consists of $380.7 billion in securities, $21.4 billion in deposits, $4.4 billion in International Monetary Fund reserve position, $15.8 billion in special drawing rights, and $4.8 billion in gold.In corporate news, medical equipment manufacturer Plasmapp (KOSDAQ:405000) secured a supply contract for U510 and STERI700 sterilizers from Qmed Master Distribution, according to a Thursday filing with the Korea Exchange.The contract, valued at 3.53 billion won, is valid till June 1, 2027.Shares of Plasmapp fell nearly 4% at market close.