Yantai Dongcheng Pharmaceutical (SHE:002675) unit Andy Center agreed to repurchase a 34.55% stake in Mido (Yantai) Biotechnology for up to 452.3 million yuan.
The price includes the 380-million-yuan investment plus 8% annual compound interest from the investment date to the repurchase date.
After the buyback, Mido (Yantai) Biotechnology will convert capital reserves to boost Andy Center's registered capital by up to 4.3 million, based on a 1.1-billion-yuan valuation.
WCON Electronics (SHE:301328) will invest an additional $10 million in its Thai subsidiary.Proceeds will be used for factory and dormitory construction as well as fixed asset purchases, according to a Tuesday filing with the Shenzhen bourseThe subsidiary is currently in its factory renovation and equipment installation phase with no actual operations yet.Shares of the electronic connector producer closed 1% higher Wednesday.
N R Agarwal Industries (NSE:NRAIL, BOM:516082) said it has upgraded the planned capacity of its upcoming multi-layer board plant in Gujarat, India, to 1,500 tonnes per day from 1,020 TPD, according to an Indian bourse filing by the company.The Dahej town-based project, which involves a paper machine imported from China, will have an estimated output of around 42,000 tonnes per month, the filing said.The company has revised the project cost to about 15 billion Indian rupees and increased land requirement to around 150 acres, it added.Shares of the company fell nearly 1% at market close on Wednesday.
Pou Sheng International (HKG:3813) recorded an attributable profit of 183.3 million yuan for the first quarter of 2026, up 33% from 138.4 million yuan a year prior, according to a Wednesday Hong Kong bourse filing.The sportswear retailer's revenue for the three months slipped 1.1% to 5.05 billion yuan from 5.11 billion yuan a year ago.