Yangtze Memory Technologies advanced to the next stage of its initial public offering on the Shanghai Stock Exchange after the bourse completed the initial inquiry on Thursday, Sept. 3, according to the bourse on Friday.
The bourse accepted the Chinese flash memory maker's application on Aug. 21.
The company's IPO is expected to raise 33.3 billion yuan.
Korea Electric Power (KRX:015760) said Friday that the details of the South Korean government's plan to merge its five power generation subsidiaries, combining oil and gas firms in a sweeping energy overhaul, into a single entity are yet to be decided.The clarification came after The Herald Business and other media outlets published reports on the same on Thursday. Korea Electric Power will make another disclosure once specific details are determined or within a month, the company said in a Friday filing with the Korea Exchange.Shares of Korea Electric Power fell nearly 1% in recent trade.
CSL (ASX:CSL) said Vanguard Group raised its voting power in the firm to 7.001% as of Aug. 31 from 6% previously, according to a Friday Australian bourse filing.Vanguard holds 33.5 million ordinary shares in the firm as of Aug. 31, per the filing.
Beijing Jingneng Clean Energy (HKG:0579) will sell a 12.1% stake in a subsidiary to Jingxi Power Generation in exchange for industrial land, which had been previously leased to accommodate the company's assets, according to a bourse filing on Wednesday.The company said it bought the land, located in Beijing and valued at 279.5 million yuan, in order to proceed with construction for its waste heat utilization project, which would not have been otherwise permitted under its previous arrangement with Jingxi.Jingxi Power was issued 141.1 million new shares in the subsidiary, and the company did not receive cash proceeds from the transaction.Both Jingxi and Jingneng are tied to Beijing Energy Holding, the holding and controlling entity of the companies.