Postal Savings Bank of China (SHA:601658) raised 30 billion yuan via the issue of perpetual capital bonds to boost capital.
The bonds carry a coupon rate of 1.88% for the first five years, adjusted every five years, according to a Thursday filing with the Shanghai bourse.
Gongniu Group (SHA:603195) lowered the threshold of the price of its share buyback after distributing its cash dividend for the 2025 period.Price of each share will be capped at 60.10 yuan, lower than the previous limit of 62 yuan, according to a Shanghai bourse filing on Friday.The electrical products manufacturer announced plans to repurchase shares worth between 200 million yuan and 400 million yuan in April.The dividend of 1.90 yuan per share was distributed Thursday.The company's shares rose 3% during the morning trade.
China's trade council blasted proposed U.S. tariffs of up to 12.5% on Chinese goods, Reuters reported Friday.The China Council for the Promotion of International Trade voiced strong dissatisfaction, calling Washington's move a unilateral deviation from global trade rules, according to the report.The Chinese business community urged the U.S. to halt trade restriction abuses and resolve differences through dialogue, Reuters wrote.(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.)
Tsaker New Energy Tech (HKG:1986) said Hebei Tsaker New Materials Technology will be listed on the Beijing Stock Exchange on June 8 under the stock code 920206, according to a Thursday filing with the Hong Kong bourse.The firm previously said it would offer around 8 million new Hebei Tsaker shares at 30.28 yuan each during the IPO. The shares represent 12.54% of the business' issued share capital and 11.15% as enlarged by the transaction.Hebei Tsaker will simultaneously delist from the National Equities Exchange and Quotations, or NEEQ, a Chinese over-the-counter system for trading shares.