Sichuan Shudao Equipment & Technology (SHE:300540) won the bid for the construction of air separation units for a gas demonstration project, according to a Shenzhen bourse filing on Thursday.
The company will construct four units with 78,870 normal cubic meter per hour each.
The units will be part of Xinjiang Qinghua Feng Energy's 5.5 billion cubic meter coal-to-natural gas demonstration project.
Shares of the natural gas liquefaction equipment manufacturer closed 2% higher.
Jardine Matheson Holdings' (SGX:J36) purchase of Australia-based I-Med Radiology Network improves its business portfolio, S&P Global Ratings said in a Thursday release.S&P expects the Hong Kong-based conglomerate to boost the acquired firm's growth, given its push for expansion spending and efforts to navigate new markets.I-Med will yield an annual EBITDA growth of between 10% and 15% in its share of Jardine's portfolio, parallel to its 12% reported EBITDA growth over the five years to end-June 2025, S&P said.Organic growth amid a rise in the Australia and New Zealand medical imaging markets, network expansion in these markets, and progress in technology and AI tools will serve as growth drivers, S&P said.Jardine's debt-to-EBITDA ratio should remain under 2x after the acquisition's completion amid organic growth and likely asset sales, S&P said.
Loongson Technology (SHA:688047) plans to raise up to 2.30 billion yuan through a share placement, according to a Shanghai bourse filing on Thursday.The proceeds will be used to the construction of research and development centers for information-oriented chips, CPU core key technology and general-purpose GPU core key tech based on Xnm process tech.The remaining funds will be used to supplement the company's working capital.The Chinese information and industrial control chips processor's shares rose by less than 2% at the close.
Toyota Motor's (TYO:7203) global sales, including its luxury Lexus brand, slipped 3.1% in April from a year earlier to 849,306 vehicles, amid a sharp fall in China and the Middle East.Overseas markets saw a 7.5% decline in sales, whereas Japan recorded a 24.2% increase, according to a statement on Thursday.Sales in the Middle East dropped sharply by 33.7% to just over 31,000 vehicles, while China experienced a 25.4% decrease amid challenging market conditions.In the U.S., Toyota's largest market, sales slipped by 4.6%.Global production rose by 2% in April compared with the same month a year earlier, as Asia saw a 12.9% gain.