Shenzhen Infinova (SHE:002528) unit Infit System is facing a contract termination lawsuit involving the Huaining smart city project seeking 109.9 million yuan in damages, according to a Friday filing with the Shenzhen bourse.
Huaining County State-owned Assets Management is alleging severe breaches including project delays, quality defects, illegal subcontracting, failure to fulfill investment obligations and unpaid migrant worker wages.
The top bosses of German companies BASF, Thyssenkrupp, and Siemens Energy will tag along with Economy Minister Katherina Reiche's trip to China next week, Reuters reported Thursday, citing the companies.Reiche will visit Beijing from May 26 to 29, the report said.Germany, the world's number three economy, has been exposed to the risks of Chinese competition and U.S. tariffs, the report said.The visit highlights Germany's dependence on Chinese raw materials and purchasing power, while being a leading rival in the automotive, energy, and technology sectors, Reuters said.Reiche's visit will come three months after Chancellor Friedrich Merz's trip to Beijing, according to the newswire.(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.)
Centuria Capital Group (ASX:CNI) said the voting power of First Sentier Group and its related bodies corporate or associates was 5.02% in the firm as of Wednesday, and it became a substantial holder, according to a Friday Australian bourse filing.First Sentier holds 42.7 million ordinary shares in the firm.
International equity firm Princeton Digital Group, or PDG, plans to sell off its Chinese data center assets for as much as $1 billion amid China's political and regulatory pressures, Financial Times reported Friday, citing sources.Foreign investors are struggling to own critical digital infrastructure in China due to the government's strict cyber security and data protection regime, according to the report.Investors are shifting their focus on other international markets as the demand for artificial intelligence grows globally, FT reported.Other investors have already disposed of their Chinese data center assets. Bain offloaded its assets to a Shenzhen Dongyangguang Industry-led consortium for $4 billion in 2025, while keeping the non-China operations of Bridge Data Centers. Meanwhile, Carlyle gradually reduced its exposure to Chinese digital infrastructure company VNET Group until Contemporary Amperex Technology (SHE:300750, HKG:3750) eventually bought the assets, the report said.PDG did not immediately respond to' request for comment.(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.)