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SHA:601799

5 stories mentioning SHA:601799Updated 16d ago

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Asia

Market Chatter: Volkswagen Probing Dismissal of Employees by Lamp Supplier Xingyu

Volkswagen is investigating the dismissal of 107 newly hired university graduates by auto lamp supplier Changzhou Xingyu Automotive Lighting Systems (SHA:601799), Reuters reported Tuesday, citing a statement.Affected employees were asked to choose between resigning in exchange for compensation equivalent to half a month's pay or choosing reassignment to the assembly line at lower pay, according to the report.Xingyu apologized to those affected in a letter and suspended its human resources chief, among other measures, Reuters said.Volkswagen and Xingyu did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

SHA:601799
Asia

Xingyu Automotive Lighting Systems Undertakes Work for Hong Kong Listing

Changzhou Xingyu Automotive Lighting Systems (SHA:601799) is undertaking the work related to the application to issue shares on the Hong Kong Stock Exchange, according to a weekend filing n the Shanghai bourse.The Chinese automotive lamp manufacturer proposed to issue over 44,799,650 shares in Hong Kong.The company received a filing notice from the China Securities Regulatory Commission for the planned Hong Kong listing and offering.

SHA:601799
Asia

Xingyu Automotive Lighting Systems Resubmits Hong Kong Listing Application; Shares Up 4%

Changzhou Xingyu Automotive Lighting Systems (SHA:601799) resubmitted its application to list and offer shares on the Hong Kong Stock Exchange on Wednesday, according to a Friday disclosure on the Shanghai bourse.The resubmission was in accordance with the proposed issuance's timetable. The application was first submitted on Jan. 26.The Chinese automotive lamp manufacturer's shares rose 4% during the morning trade.

SHA:601799
Asia

Xingyu Automotive Lighting Systems to Buy Back up to 200 Million Yuan in Shares; Shares Up 3%

Changzhou Xingyu Automotive Lighting Systems (SHA:601799) is undertaking a share repurchase plan of between 100 million yuan and 200 million yuan via centralized auction.The shares will be bought back at up to 148.51 yuan apiece within 12 months from shareholder approval, according to a Tuesday filing with the Shanghai bourse.Shares of the automotive lamp manufacturer rose 3% in recent trade.

SHA:601799
Asia

Market Chatter: Chinese Companies to Invest 940 Million Euros in AI, Cars in Serbia

Chinese companies will invest an additional 940 million euros into Serbia, beginning in July, Bloomberg reported Wednesday, citing President Aleksandar Vucic.Companies with investment agreements include Minth Group (HKG:0425), Shandong Linglong Tyre (SHA:601966), Changzhou Xingyu Automotive Lighting Systems (SHA:601799), Yusei Holdings (HKG:0096), Shanghai AgiBot Innovation Technology, Weichai Power (HKG:2338, SHE:000338), Zhejiang EV-Tech, Jiangsu Reliance Energy, and China Construction Fourth Engineering Division, the report said.The investments will go to auto parts production, humanoids, energy, and artificial intelligence projects, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEHKG:0096HKG:0425HKG:2338SHA:601799SHA:601966SHE:000338

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