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FINWIRES

Sunwoda Electronic Directors Approve 102 Million Yuan Loan for Power Projects

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Sunwoda Electronic (SHE:300207) directors approved a 102-million-yuan loan under a new type of policy-based financial instrument from China Development Bank for two power projects, according to a Thursday after-hours filing with the Shenzhen bourse.

The loan has a term of 10 years.

Proceeds will help fund a 100-megawatt/200-megawatt standalone energy storage power station under the Shifang Economic Development Zone for 12 million yuan and phase 1 of the Zaozhuang Sunwoda Base integrated source-grid load-storage-cloud demonstration project for 90 million yuan.

What else is happening in Asia?

Asia

Beijing Compass Technology Development Seeks Up to 500 Million Yuan in Bank Credit Lines

The board of Beijing Compass Technology Development (SHE:300803) approved applications for comprehensive credit lines from three banks to fund working capital loans and related business needs, according to a Wednesday aftermarket filing with the Shenzhen bourse.The company will seek up to 250 million yuan from Agricultural Bank of China with a one-year term, up to 150 million yuan from Xiamen International Bank with a three-year term, and up to 100 million yuan from Industrial Bank with a one-year term.Shares of the investment software developer were down 2% in recent trade.

SHE:300803
Asia

Liquidators Issue Final Notice to Creditors for ST Group Units' Dissolution

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SGX:DRX
Asia

South Korean President, Trump Discuss Warships Construction

South Korean President Lee Jae Myung and U.S. President Donald Trump met on Tuesday on the sidelines of the UN General Assembly to discuss defense and industrial collaboration, including naval shipbuilding.Lee said he expects tangible results from the bilateral partnership, highlighting South Korea's growth strategy in semiconductors, artificial intelligence, and the "7 SEED" initiative targeting small modular reactors, nuclear fusion, and renewables, according to a press release from the South Korean president's office on Wednesday.

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