Shanghai Zhonggu Logistics (SHA:603565) plans to raise up to 3 billion yuan through the issuance of a convertible bond, according to a Shanghai bourse filing on Tuesday.
Proceeds from the issuance will be used to fund a container vessel acquisition project.
The convertible bond will have a term of six years.
The logistics services provider's shares slumped 6% at the close.
China Development Bank Financial Leasing (HKG:1606), as the lessor, entered into a leasing agreement related to certain wind power station equipment and ancillary facility assets, according to a Tuesday Hong Kong bourse filing.Shares of the financial leasing company were down over 1% in Wednesday afternoon trading.The firm will acquire the assets from Zhejiang Windey Energy Construction for 1.47 billion yuan, following which it will lease them to Anda Tianying New Energy.The lease will have a period of 216 months with a total lease payment of 2.05 billion yuan.
Fraser and Neave (SGX:F99) bought back 45,000 shares in the open market on Tuesday for SG$64,885, according to a same-day filing with the Singapore Exchange.The food and beverage company has been mandated to buy back nearly 102 million shares. To date, it has bought back nearly 1.2 million shares.
Bethel Automotive Safety Systems (SHA:603596) acquired approximately 51% of Yubei Steering Systems (Xinxiang), according to a Shanghai bourse filing on Wednesday.The manufacturer of automotive brakes obtained the license for the new entity but hasn't finished the acquisition's closing steps.The company's shares fell 3% at the close.