Nanjing Xinlian Electronics (SHE:002546) won a bid from the State Grid Corporation of China for four packages worth 54.5 million yuan, according to a Shenzhen bourse filing on Wednesday.
The packages included smart integrated terminals and special transformer collection terminals.
The metering company's shares jumped 4% at the close.
Finkurve Financial Services Ltd (NSE:FINKURVE, BOM:508954) has received board approval to raise up to 750 million Indian rupees through the issue of non-convertible debentures on a private placement basis.The issue will have a base size of 500 million rupees and a green shoe option of 250 million rupees of debentures with a face value of 10,000 rupees each.The debentures carrying a coupon rate of 11.33% will be allotted on May 14 and mature on Aug. 13, 2028. They are proposed to be listed on the BSE.The company's shares were up nearly 5% in recent trade.
Zhejiang Runtu Co (SHE:002440) plans to invest 30 million yuan for a 10% stake in Shaoxing Shangyu Zhishun Venture Capital Fund.The 300-million-yuan fund targets unlisted companies, according to a Wednesday filing with the Shenzhen bourse.The fund has a 20-year term.
Teco Electric and Machinery (TPE:1504) is set to acquire Malaysian engineering firm Dynaciate Engineering for about 200 million ringgit.The deal is expected to close in August, according to a Tuesday press release.Following completion, TECO will obtain a controlling stake in Dynaciate and expects to begin recognizing related revenue and profit contributions in the second half of 2026.The Taiwan-based company said the acquisition supports its strategy to expand as an AI data centre solutions provider, particularly in modular data center engineering and infrastructure services across Southeast Asia.