Lung Ming Green Energy Technology Engineering (TPE:3018) signed a settlement deal with Hongsheng Construction at the Chinese Arbitration Association in Taipei, Taiwan.
The case stems from a contract dispute regarding electrical and mechanical engineering works for the Taiwan Taoyuan International Airport MRT system.
The company said the agreement is not expected to have a material impact on its financial position or operations.
Shenzhen Kedali Industry (SHE:002850) plans to fully redeem its outstanding convertible corporate bonds on June 15, according to a Shenzhen bourse filing on Friday.The six-year Keli Convertible Bond was issued in 2022. The redemption price will be 101.41 yuan per bond.The battery structural component manufacturer's shares slipped 1% during the midday trade.
Sinopec Shanghai Petrochemical (HKG:0338, SHA:600688) tapered expectations around its T1000 grade high-performance carbon fiber following media reports about the product.In a Hong Kong bourse filing Thursday, the firm said the carbon fiber referenced in the reports is a 12K small tow, which is yet to generate revenue or contribute meaningfully once it makes sales.The announcement came after the firm took note of the closing price of its A shares over three consecutive trading days ending June 4, during which its stock price rose by at least 20% in aggregate.The firm clarified that aside from the media reporting, there were no undisclosed matters that would warrant an unusual movement in its A shares' price.The petrochemical firm's Hong Kong shares gained nearly 1% in late morning trade Friday.
Qisda (TPE:2352) consolidated sales of NT$17.2 billion for May, down 1.7% from NT$17.5 billion in the same month last year.Shares fell about 9% in Friday's afternoon trade.The technology conglomerate did not disclose other details in the filing.