Ligeance Aerospace Technology (SHE:000697) appointed Li Tiejun chairman, according to a Wednesday disclosure on the Shenzhen bourse.
Li will take over from acting chairman Wang Hu, who led the board of directors' election for the role.
The Chinese aviation products manufacturer's shares fell 3% at close of trade.
Several Asian countries could soon face additional duties on some of their exports to the U.S. following Washington's probe into imports produced using forced labor, the Office of U.S. Trade Representative (USTR) said Tuesday.The USTR said Bangladesh, Cambodia, China, Hong Kong, India, Japan, Malaysia, the Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Indonesia, Pakistan, and Vietnam are among the 54 economies that have failed to impose and effectively enforce a forced-labor import ban.The USTR proposed a 10% additional tariff for economies that have partially enforced bans on the importation of certain forced-labor goods and a 12.5% tariff for the rest.
Yunda Holding (SHE:002120) bought back about 6.4 million shares for about 50 million yuan as of May 31, according to a Wednesday filing with the Shenzhen bourse.The express delivery service company repurchased the shares at up to 8.05 yuan apiece.The buyback is part of a plan to repurchase between 50 million yuan and 100 million yuan of shares for up to 10.32 yuan apiece.
Chinese ride-hailing platform DiDi swung to a loss attributable to shareholders of 1.22 billion yuan in the first quarter from the year-ago attributable profit of 2.36 billion yuan, according to the company's press release published Tuesday.Loss per share for the period was 1.05 yuan against the earnings per share of 1.92 yuan a year earlier.Revenue rose 10% year on year to 58.7 billion yuan from 53.3 billion yuan.