Suzhou Delphi Laser (SHA:688170) agreed to extend its new energy high-end equipment manufacturing project and new energy research and development center construction project to December from May.
The company cited ongoing interior decoration work, which pushed construction beyond the original timeline, according to a weekend filing with the Shanghai bourse.
Shares of the precision laser producer closed 8% lower Monday.
Hyundai Motor India (NSE:HYUNDAI; BOM:544274) recorded a 4.1% increase in total sales in May to 61,137 units, according to a Monday filing to the Indian stock exchanges.The total sales included domestic sales of 47,837 units and exports of 13,300 units, the filing said.Shares of the company were down nearly 1% in recent trade.
Hong Kong stocks closed higher Monday as investors shrugged off news of renewed tensions in the Middle East that dimmed hopes for the swift reopening of the vital Strait of Hormuz.The Hang Seng Index rose by around 215.79 points, or roughly 0.9%, to end at 25,398.18, while the Hang Seng China Enterprises Index increased by 82.05 points, or around 1%, to close at 8,507.87.Both the U.S. and Iran said they struck each other's military sites despite agreeing last week to extend a ceasefire for two months while initiating new negotiations over Tehran's nuclear program, Reuters reported.Meanwhile, Chinese mainland investors became net sellers of Hong Kong stocks in May after selling around HK$3.6 billion of equities during the month, Bloomberg reported.The outflows represent the first time that mainland investors sold more Hong Kong stocks than they purchased since June 2023, the report said.In corporate news, MiniMax (HKG:0100) is exploring a proposed listing on the Shanghai bourse's STAR Market.The artificial intelligence firm's shares were down nearly 16% at close.
Nio (HKG:9866, SGX:NIO) delivered 37,705 vehicles in May, up 62% from a year earlier, according to a Monday press release.The deliveries comprised 20,013 NIO-branded premium smart electric vehicles, 12,029 vehicles under the ONVO brand and 5,663 vehicles under the FIREFLY brand.For the first five months, deliveries rose 69% to 150,526 units.Hong Kong-listed shares of the new-energy vehicle maker were up over 7% in Monday afternoon trade.