-- Skyechip (KLSE:SKYECHIP) is seeking to raise 352 million ringgit via an IPO on the ACE Market of Bursa Malaysia.
The integrated circuit (IC) design company's IPO entails a public issue of 400 million new shares at 0.188 ringgit each, according to a Wednesday Malaysian bourse filing.
Proceeds will be used for expansion, to boost working capital, and to pay off expenses, it said.
HD Hyundai Energy Solutions (KRX:322000) posted first-quarter net income of 22.3 billion won, rebounding from a net loss of 1.08 billion won a year earlier, according to a Wednesday filing with the Korea Exchange.The South Korean solar energy equipment supplier's sales jumped 88% year over year to 159.9 billion won from 85.3 billion won.Shares of HD Hyundai Energy Solutions jumped more than 9% at market close.
Shandong Sunpaper's (SHE:002078) attributable profit rose 2.3% to 906.4 million yuan in the first quarter from 886.1 million yuan in the year-ago period, according to a Wednesday filing with the Shenzhen bourse.Earnings per share at the paper manufacturer increased to 0.3243 yuan from 0.3171 yuan in the prior-year period.Operating revenue grew 1.9% year over year to 10.1 billion yuan from 9.90 billion yuan.