Zhongtong Bus' (SHE:000957) sales grew 30% to 1,360 units in April from 1,046 units in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.
The bus manufacturer's production rose 8.9% year over year to 1,216 units from 1,117 units.
CSG Smart Science & Technology (SHE:300222) agreed to acquire a 70% stake in Zhejiang Jiangshan Yuanguang Electric for 151.2 million yuan.The amount is based on a valuation of 216 million yuan for 100% equity, with the deal valuing the transformer manufacturer at a 24.49% premium over its 172.7-million-yuan book value.The company is engaged in industrial automation business and electric power automation business. Its shares were down 3% in recent trade.
EI Power's (KLSE:EIPOWER) initial public offering (IPO) for listing on the ACE Market of Bursa Malaysia was oversubscribed by 30.77 times by the Malaysian public, according to a Monday Malaysian bourse filing.The company received 21,490 applications for 1.11 billion shares worth 533.7 million ringgit, for the 35 million shares allocated to the public. The Bumiputera portion was oversubscribed by 15.79 times, while the public portion saw an oversubscription rate of 45.75 times.EI Power also said the 17.5 million shares allocated to eligible persons were fully subscribed, while the restricted offering to entitled shareholders of OCK Group (KLSE:OCK) was oversubscribed by 2.2 times.Meanwhile, shares allocated to Bumiputera investors approved by MITI and selected investors under the private placement exercise were fully placed out.
Winsome Resources (ASX:WR1) said that the proposed acquisition of all of the fully-paid ordinary shares in Winsome by Li-FT Power via a scheme of arrangement, as well as the acquisition of the unlisted options in Winsome via an option scheme, are now legally effective, according to a Tuesday Australian bourse filing.A copy of the orders made by the Supreme Court of Western Australia approving the schemes was lodged with the Australian Securities and Investments Commission.Winsome's shares are expected to be suspended from trading on the ASX with effect from the close of trading on Tuesday.