Guangzhou Yuexiu Capital (SHE:000987) controlled subsidiaries Guangzhou Asset Management and Yuexiu Industrial Investment plan to borrow up to 2 billion yuan each from related parties Yuexiu Group and Guangzhou Yueqi, respectively.
The one-year revolving facilities, priced at up to the one-year loan prime rate plus 10%, aim to meet working capital needs, according to a weekend filing with the Shenzhen bourse.
Shares of the financial services provider rose 3% in recent trade.
Asia Commercial (HKG:0104) expects a net profit of at least HK$39 million for the year ended March 31, up from HK$24 million a year prior, according to a Friday Hong Kong bourse filing.The watch seller attributed the forecast to a reduction in fair value losses on investment properties.
Central Plains Environment Protection (SHE:000544) wholly-owned subsidiary Zhengzhou Xinhong Reclaimed Water Resources Development and Utilization will invest 10 million yuan to establish a clean energy supply company.The newly-established company will utilize local reclaimed water, geothermal, and other resources, according to a Friday filing with the Shenzhen bourse.
OKG Technology (HKG:1499) expects an attributable loss of at least HK$20 million for the year ended March 31, compared with HK$15.8 million a year prior, according to a Friday Hong Kong bourse filing.The construction engineering company attributed the forecast to a lower revenue from the foundation, building construction work, and ancillary services segment.