Metech International (SGX:V3M) completed its debt capitalization exercise by converting a loan of SG$1.5 million into equity by issuing around 62.5 million shares at SG$0.024 per share to a lender, according to a Tuesday Singapore bourse filing.
The new shares are expected to be listed on June 4.
Waffer Technology (TPE:6235) posted revenue of NT$523.9 million for May, down 1.6% from NT$532.2 million a year earlier, according to a Tuesday Taiwan Exchange filing.For the first five months of the year, cumulative revenue rose 3.7% year-on-year to NT$2.68 billion, the wafers manufacturer said.Shares fell over 3% on Tuesday's close.
Chinese car manufacturers SAIC Motor (SHA:600104) and BYD (HKG:1211, SHE:002594) are looking to launch electric vehicles with all-solid-state batteries or ASSBs in 2027, Nikkei Asia reported Tuesday.SAIC and battery startup company Qingtao (Kunshan) Energy Development Group set up a prototype EV equipped with an ASSB, aimed for release in 2027 after testing, accoding to the report.ASSBs use solid materials in place of liquid electrolytes stored in conventional batteries, according to the news outlet.SAIC's MG has rolled out models with semi-solid batteries that have reduced liquid electrolytes to 5%, Nikkei said.BYD has started work on ASSBs as early as 2013 and looks to reach large-scale production in 2030, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Sichuan Golden Summit's (SHA:600678) stock fluctuated by more than 12% cumulatively for three straight trading days from May 28 to June 1, according to a Tuesday filing with the Shanghai bourse.The bourse capped the company's daily price fluctuation at 5% after auditor Zhongshen Asia Pacific gave Golden Summit an adverse opinion on its internal control audit report, the filing said.Shares closed 1% higher on Tuesday.