Guangzhou Ruili Komi Automotive Electronics (SHE:001285) will contribute 20 million yuan to a 1.16-billion-yuan fund focused on new energy vehicles and advanced manufacturing.
The investment gives the company a 1.7% stake in the Ningbo Yongyuan Junsheng fund, according to a Tuesday filing with the Shenzhen bourse.
Responsive Industries (NSE:RESPONIND, BOM:505509) has appointed Aayush Agarwal as non-executive non-independent director and chairperson of the company, subject to shareholder approval, according to an Indian bourse filing on Tuesday.
Hong Kong's Northern Metropolis tech hub could usher in transformation within its traditionally conservative government-related entities (GREs), S&P Global Ratings said in a Tuesday release.The GRE sector will expand in size and number, pushing for greater debt and leverage at the same time, S&P said.The tech hub will be Hong Kong's largest investment project to date, with a price tag of HK$360 billion, S&P said.GREs will contribute about HK$140 billion in the hub, potentially raising debt and equity funding in capital markets to reach the amount, according to S&P.The approach could lead to private investment and create a credit multiplier, S&P credit analyst Ricky Tsang said.S&P expects GREs to lead several major projects as Hong Kong increases its focus on its linkages to the Greater Bay Area's tech value chains.Hong Kong's sector support will anchor credit strength even under weaker financial performances from the GREs in the investment phase, S&P said.
OxPay Financial (SGX:TVV) has agreed to extend the long-stop date for its previously disclosed convertible loan agreement of a principal amount of up to SG$2.5 million, according to a Tuesday filing with the Singapore Exchange.The extended deadline gives the financial services firm more time to get the required approvals, the filing said.The company had signed a deal last month with Oxley Capital Management to acquire to acquire the loan.