Shang Hai Ya Tong (SHA:600692) subsidiary Yatong Real Estate will invest 18 million yuan to wholly establish Shanghai Yaxing Energy Construction Management.
The new entity will focus on new energy project development as well as engage in electric vehicle charging infrastructure, contract energy management and related technical services.
Shares of the real estate developer were down 1% in recent trade.
Malaysia and Taiwan are strengthening cooperation in the semiconductor value chain as artificial intelligence demand accelerates across industries, from manufacturing to healthcare, CNA reported Wednesday.Taiwan's strengths in advanced chip-making complement Malaysia's established role in packaging, testing, and electronics manufacturing services, creating a more integrated supply chain partnership between the two sides, the news outlet said.The push was highlighted at a smart technology event jointly organized by Taiwan External Trade Development Council, where officials and industry players underscored semiconductors as a critical backbone for AI, 5G and high-performance computing ecosystems, CNA said.(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.)
Guanghui Logistics (SHA:600603) signed an amendment agreement with CDB Development Fund, assuming the repurchase obligation for 280 million yuan of equity in Hongsan Railway.Subsidiary Sichuan Shuxin is providing collateral worth 402 million yuan in Chengdu property as mortgage guarantee, according to a Thursday filing with the Shanghai bourse.Separately, the company is providing 10.7 million yuan in guarantees for indirect subsidiary Xinjiang Mechanical and Electrical Equipment via a sale-leaseback transaction with Xinjiang Dingyuan Financial Leasing.Shares of the logistics and supply chain management company were down 2% in recent trade.
Crompton Greaves Consumer Electricals (NSE:CROMPTON, BOM:539876) launched a new super-premium brand named Crompton Rhion, as part of its strategy to expand presence in the premium appliances segment, according to an Indian bourse filing on Wednesday.Shares of the company rose nearly 2% in Thursday's trade.The company plans to introduce products across multiple categories under the new brand, the filing said.Crompton said it will integrate its large kitchen appliances business into the Crompton Rhion vertical.