Shenzhen KSTAR Science and Technology's (SHE:002518) controlling shareholder, Ningbo KSTAR Venture Capital Partnership (Limited Partnership), reduced about 1% of the company's stake, according to a Shenzhen bourse filing on Thursday.
The stake comprises over 5.8 million shares, the filing said.
After the transaction, KSTAR Venture Capital's stake in the power electronics producer was trimmed to 55.76% from 56.76%.
Chinese President Xi Jinping followed up the two-hour talk with U.S. President Donald Trump by meeting with American business leaders on Thursday, BBC News reported.Xi said China is open for more business, adding that American firms will find broader prospects in the country, according to the report.He noted that U.S. companies have been deeply involved in China's growth, with both sides benefiting, BBC wrote. Beijing, he said, welcomes stronger reciprocal cooperation.Trump brought with him a delegation of prominent U.S. executives, including leaders from Meta, Tesla, BlackRock, Illumina, Mastercard and Visa, during the summit.
Mercurius Capital Investment (SGX:5RF) narrowed its attributable loss to equity holders by 44% during the first quarter of the year to SG$110,000 from SG$197,000 a year earlier, according to a Thursday filing with the Singapore Exchange.The property investment company's loss per share trimmed to SG$0.00008 compared with SG$0.00014 in the year-ago period.The company did not report any revenue during the period or in the prior period.
Ningbo Tuopu Group (SHA:601689) has an average rating of overweight and mean price target of 68.12 yuan, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)