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US Investments in Power, Cooling for Data Centers Projected to Nearly Double by 2031

Rising demand for AI and high-density computing will drive US investments in sustainable power supplies from $59.47 billion in 2025 to $116.43 billion by 2031, according to a research from Arizton Advisory and Intelligence released on Wednesday.Accelerating artificial intelligence and high-performance computing workloads are forcing US data center operators to drastically scale up investments in sustainable infrastructure, it said, noting this referred to power supply and cooling systems.Geographically, the capital expenditure is highly concentrated, with the Southeast US.In 2025, the Southeast captured about 30.9% of the sustainable investment share, followed closely by the Midwest at 28.1%, the Southwest at 24.5%, the West at 12.2%, and the Northeast at 4.3%, as per the research.This regional dominance is expected to persist through the end of the decade and by 2031, the Southeast is projected to edge higher to a about 31.2% market share, anchored by rapid demand spikes and infrastructure readiness, Arizton noted.The migration toward sustainability is equally fueled by pressures on the grid and rising electricity prices, transforming on-site power generation from an environmental preference into an operational necessity, according to the research.Backup generation is undergoing a similar transition, shifting from conventional diesel to hydrotreated vegetable oil to satisfy carbon reduction mandates, which is expected to sharply reduce diesel reliance by 2031, it said.

US Markets42d ago

Taiwan's Broad Money Supply Touches Record High in May

Taiwan's broad money supply rose to a record high in May amid increased lending and investment activity, the Central Bank of the Republic of China said Thursday.M2, or the physical currency circulating in the economy, rose 7.83% year over year to nearly NT$70 trillion in May. On a monthly basis, M2 rose 1.12%.M1B, or Taiwan's narrow money supply, increased 9.56% year over year to NT$30.6 trillion during the month. The figure was 1.56% higher than the NT$30.1 trillion in the previous month.The average growth rate for January to May stood at 6.12% for M2 and 7.67% for M1B.Meanwhile, the central bank said lending and investing across monetary institutions jumped 9.36% year over year in May to NT$56.1 trillion, thanks to faster growth in bank claims on the private sector.Government claims grew about 3.5% year over year to NT$6.35 trillion, while claims against state-owned enterprises rose 7.7% to NT$2.30 trillion. Private sector claims expanded 10% year over year to NT$47.5 trillion."For the month of May 2026, the weighted average interest rate on newly-extended loans of the five major domestic banks increased by 0.002 percentage points from 2.206% in the previous month to 2.208%. This was because, while interest rates for consumer loans declined, those for all other loan categories increased," the central bank said in a separate same-day statement. The banks are Bank of Taiwan, Taiwan Cooperative Bank, First Commercial Bank, Hua Nan Commercial Bank and Land Bank of Taiwan.

Taiwan Weighted

US Markets42d ago

Accenture Lowers Top End of Revenue Growth Outlook; Announces Cybersecurity Deals Worth $4.18 Billion

Accenture (ACN) trimmed the top end of its full-year revenue growth outlook on Thursday as its sales fell short of market expectations in the fiscal third quarter, while the consulting firm announced three acquisition deals worth about $4.18 billion to expand its cybersecurity capabilities.Revenue is now anticipated to increase by 3% to 4% in local currency for fiscal 2026, reflecting a lower top end versus the previous guidance for a 5% rise.For the ongoing three-month period, the company projects revenue to come in between $17.75 billion and $18.4 billion, with a foreign-exchange headwind of about 0.5%. The current consensus on FactSet is for $18.48 billion. In local currency terms, the outlook represents a growth range of 1% to 5%.Revenue improved 6% year over year to $18.72 billion for the quarter ended May, trailing the Street's view for $18.78 billion. The topline increased 3% in local currency.Accenture shares fell 15% in the most recent premarket activity.In a separate statement, Accenture said it has agreed to acquire a majority stake in Dragos and full ownership of runZero and NetRise in a deal with a combined enterprise value of about $4.18 billion. Accenture said the acquisitions significantly expand its position in the broader operational technology cybersecurity market.Dragos, runZero and NetRise are estimated to generate about $208 million in annual recurring revenue as of June, representing annual growth of 53%. Accenture said the deals are expected to be initially dilutive but accretive to earnings per share and free cash flow over time."Our cybersecurity practice is growing by double-digits and has a strong track record of leveraging inorganic opportunity to fuel organic growth," Accenture Chief Executive Julie Sweet said. "We are confident Dragos' differentiated (operational technology) platform will accelerate our growth in the critical infrastructure and industrial operations markets, driving long-term shareholder value through scaled adoption of advanced cybersecurity capabilities."The transactions, which require regulatory approval, are expected to complete in August or September, according to Accenture.Accenture's earnings rose to $3.80 a share in the third quarter from $3.49 the year before, ahead of the average analyst estimate of $3.69. For the ongoing fiscal year, the firm now expects adjusted EPS of $13.78 to $13.90, reflecting a higher bottom end compared with the prior guidance of $13.65. The Street is looking for non-GAAP EPS of $13.86.Consulting revenue increased 4% to $9.33 billion, while sales in the managed services division gained 8% to $9.39 billion. New bookings decreased 2% to $19.32 billion, comprising $10.26 billion in consulting and $9.06 billion in managed services."Demand for large-scale reinvention remains strong - 104 quarterly client bookings of $100 million or more year-to-date, up 13% - and we are seeing more large-scale AI transformation programs, while executing our strategy to capture new areas of growth," Sweet said.

$ACN

Sectors42d ago

Sector Update: Energy

Energy stocks were declining premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) down 0.8%.The United States Oil Fund (USO) was down 1.6% and the United States Natural Gas Fund (UNG) was 0.9% lower.Front-month US West Texas Intermediate crude oil was 2.3% lower at $74.99 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.6% to $78.32 per barrel, and natural gas futures were up 0.8% at $3.17 per 1 million British Thermal Units.Equinor (EQNR) and its partners have selected the development concept for the Ringvei Vest project in the Norwegian North Sea, which is expected to contribute about 240 million barrels of oil equivalent, the company said. Equinor stock was down 4.2% pre-bell.

$EQNR

Asia42d ago

YUNDA Holding's Express Delivery Service Revenue Jumps Nearly 7% in May

YUNDA Holding's (SHE:002120) express delivery service revenue rose 6.8% year over year to 4.72 billion yuan in May, according to a Thursday filing with the Shenzhen bourse.Revenue per parcel increased 7.3% to 2.06 yuan.Express delivery volume reached 2.29 billion parcels, down 0.5%.

SHE:002120

Mining & Metals42d ago

Canada Recognizes Ucore-Sumitomo Rare Earths Collaboration at G7

Ucore Rare Metals (UCU.V) said Thursday that the Government of Canada has identified its collaboration with Sumitomo Corporation as a critical minerals partnership supporting rare earth supply chains in Japan and North America.Earlier on Monday, Ucore announced a framework with Sumitomo Corporation of Americas to collaborate on rare earth feedstock sourcing for Ucore's strategic metals complex in Louisiana.The framework also includes collaboration on a downstream offtake development for separated rare earth products, including selected middle and heavy rare earth elements used in high-performance magnets and advanced materials applications, Ucore said."Ucore is proud that our collaboration has been recognized as part of Canada's broader critical minerals strategy, and we believe this is a pivotal step toward building trusted, transparent and commercially durable rare earth supply chains for Japan, North America and allied markets," Ucore CEO Pat Ryan said.During the summit, G7 leaders committed to reducing rare earths supply chain dependence on a single supplier outside the bloc to under 60% by 2030, according to Ucore.

$UCU.V

Asia42d ago

Shanxi Securities' Bonds to Pay Interest on June 22

Shanxi Securities' (SHE:002500) first tranche of its 2025 publicly issued corporate bonds to professional investors will pay interest on June 22, according to a Thursday bourse filing in Shenzhen.The record date for the bonds was set for June 18.The 2 billion yuan issuance has a three-year term and an interest rate of 1.85%.The bonds were supposed to pay interest on June 19 but was postponed due to the holiday.

SHE:002500

Sectors42d ago

Sector Update: Financial

Financial stocks were edging higher pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.6%.The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.8% lower.Morgan Stanley (MS) stands to benefit from the planned initial public offering of the National Stock Exchange of India, Bloomberg reported. Shares of Morgan Stanley were up more than 1% premarket.

$MS

US Markets42d ago

Bank of England Holds Key Rate Steady Amid Energy Price Uncertainty from Middle East War

The UK central bank left its key rate unchanged at 3.75% as it continues to assess inflation risks while noting a decline in global energy prices after the US and Iran reached a preliminary agreement to end the war in the Middle East.The Bank of England's Monetary Policy Committee voted by a majority of 7-2 in favor of a hold at its June meeting, with two members voting for a 25 basis-point increase to 4%, according to a Thursday release. The dissenters, Chief Economist Huw Pill and external member Megan Greene, were "less confident" than other committee members over the pace of the underlying UK disinflation prior to the war and expressed concerns over "significant" uncertainty regarding the extent of second-round effects from the energy price shock caused by the conflict.At the central bank's previous meeting in April, Pill also voted against maintaining the bank rate and called for hiking the rate by 25 basis points, citing "clear upward shift in risks" to achieving the BoE's medium-term inflation target of 2%.Based on the latest data from the Office for National Statistics, the annual inflation rate in the UK stood at 2.8% in May, unchanged from the previous month, with the core rate, which excludes energy prices, ticking up to 2.6% from 2.5%."There has been a marked fall in energy prices in recent days, reflecting progress on talks involving US and Iran. But the situation remains unpredictable, and there is clearly a risk that energy prices remain elevated for an extended duration. Recent inflation outturns give greater confidence that gradual underlying disinflation has continued. Labour market data show some further softening, and there are further signs of demand weakness," BoE Governor Andrew Bailey said."Given the context at present of softness in the real economy and uncertainty around the scale and duration of the shock to energy prices, tolerating temporarily above-target inflation as part of a return to target is an appropriate way to approach the trade-off, providing inflation expectations remain contained."The committee said it will continue to closely monitor the situation in the Middle East, along with the impact of the energy price shock on the UK economy and the inflation outlook. It also reiterated its readiness to act to ensure that the BoE reaches its inflation target."There's nothing in today's decision that changes our mind that the next move is likely to be a rate cut in 2027. It feels like it would take a lot for the five more neutral-to-dovish members of the nine-strong committee to vote for a hike, barring the Iran deal falling apart and energy prices moving materially higher," ING said in a note.

FTSE 100

Sectors42d ago

Sector Update: Health Care

Healthcare stocks were advancing premarket Thursday, with the State Street Health Care Select Sector SPDR ETF (XLV) up 0.2% and the iShares Biotechnology ETF (IBB) 0.5% higher.Denali Therapeutics (DNLI) stock was up 1.8% after the company said it has signed an agreement to sell its rare pediatric disease priority review voucher for gross proceeds of $195 million.

$DNLI

Asia42d ago

HKEX, HKMA Launch Digital Payment Pilot Project in After-Hour Derivatives Trading

Hong Kong Exchanges and Clearing (HKG:0388) and the Hong Kong Monetary Authority (HKMA) are exploring the use of e-HKD as a new digital payment service for after-hour trading in the derivatives market, according to a Thursday release by the latter.e-HKD is a wholesale central bank digital currency (CBDC) that is operational 24/7.The joint pilot project aims to boost risk management for derivatives trading outside regular banking hours through a more flexible and efficient advance margin payment arrangement.

Hang SengHKG:0388

Sectors42d ago

Sector Update: Consumer

Consumer stocks were edging higher pre-bell Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) advancing by 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.5%.Carnival (CCL) Holland America Line unit has opened bookings for Rotterdam's first Mediterranean cruise season in fall 2027, the company said. Shares of Carnival were up more than 2% premarket.

$CCL

Sectors42d ago

Sector Update: Tech

Technology stocks were rising pre-bell Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) 2.3% higher and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 3.7%.Intel (INTC) shares were up more than 8% after President Donald Trump said Apple (AAPL) has agreed to work with Intel to design and build chips in the US.

$AAPL$INTC

Commodities42d ago

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday as Interim US-Iran Deal Lifts Risk Sentiment

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4%, and the actively traded Invesco QQQ Trust (QQQ) advanced 1.3% in Thursday's premarket activity, as investors welcomed an interim US-Iran agreement that reduced concerns about disruptions to global energy supplies.US stock futures were also higher, with S&P 500 Index futures up 0.7%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 1.3% before the start of regular trading.US initial jobless claims fell to a level of 226,000 in the employment survey week ended June 13 from an upwardly revised 230,000 level in the previous week, compared with expectations for a larger decrease to 225,000 in a survey of analysts compiled by Bloomberg as of 7:30 am ET.The Philadelphia Federal Reserve's monthly manufacturing index rose to 10.3 in June after decreasing to minus 0.4 in May, compared with expectations for a slightly smaller increase to a reading of 10 in a survey compiled by Bloomberg.May's leading indicators data will be released at 10:00 am ET, followed by weekly natural gas stocks at 10:30 am ET.In premarket action, bitcoin was down by 0.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.5% lower, Ether ETF (EETH) advanced 0.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.8% lower.HIVE Digital Technologies (HIVE) shares traded up 12% in early hours activity a day after the company said it received municipal approval to purchase the 32-megawatt Big Boden data center in Sweden from Bodens Utvecklings.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.2%, the Vanguard Health Care Index Fund (VHT) was down 0.1%, while the iShares US Healthcare ETF (IYH) gained 1.1%. The iShares Biotechnology ETF (IBB) was 0.1% higher.Legend Biotech (LEGN) stock was down more than 9% premarket after the company priced an underwritten public offering of 7.7 million American depositary shares at $29.35 each, for gross proceeds of about $226 million.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 2%, and the iShares US Technology ETF (IYW) was flat, while the iShares Expanded Tech Sector ETF (IGM) was up 1.9%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 2.1% higher, while the iShares Semiconductor ETF (SOXX) rose by 4.2%.Intel (INTC) shares were up more than 9% in premarket activity after President Donald Trump said Apple (AAPL) has "agreed to work with Intel to design and build its Chips in America." Apple stock was gaining by 0.3%.EnergyThe iShares US Energy ETF (IYE) gained by 0.03%, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.5%.Equinor (EQNR) stock was down more than 3% before market open after edging down 0.2% in the prior close. The company and its partners said they have selected the development concept for the Ringvei Vest project in the Norwegian North Sea, which is expected to contribute about 240 million barrels of oil equivalent.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.3%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was flat, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.5%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) rose 1%.Diageo (DEO) shares gained nearly 1% pre-bell after the Financial Times reported that Chief Executive Dave Lewis has ordered senior executives to implement broad cost-cutting measures as part of a major restructuring effort at the spirits giant.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 1%, while the Vanguard Industrials Index Fund (VIS) was up 1.9% and the iShares US Industrials ETF (IYJ) was inactive.SpaceX (SPCX) stock was down more than 1% before the opening bell after experiencing its first post-IPO retreat from recent record highs, as market data and multiple analysts point to active put option trading and technical downward pressure following the stock's initial surge.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 1.9% to $75.35 per barrel on the New York Mercantile Exchange. Natural gas gained by 0.5% to $3.16 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 1.2%, while the United States Natural Gas Fund (UNG) was 0.6% lower.Gold futures for July were down by 2.7% to $4,261.40 an ounce on the Comex. Silver futures retreated by 5.6% to $67.33 an ounce. SPDR Gold Shares (GLD) gained by 0.6%, and the iShares Silver Trust (SLV) was 0.02% lower.

Dow JonesNasdaq CompositeS&P 500$AAPL$BETH$BITO$DEO$EEM$EETH$EQNR$EXI$FAS$FAZ$GLD$HIVE$IBB$IGM$IGV$INTC$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LEGN$PMR$QQQ$RTH$SLV$SOXX$SPCX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Mining & Metals42d ago

Morguard Completes $250 Million Debenture Offering

Morguard (MRC.TO) has completed a $250 million senior unsecured debentures offering, the company said on Thursday.The real estate and property management company said the Series J debentures will bear interest at 4.31% per annum and mature on June 18, 2029.Morningstar DBRS rates the debentures "BBB (low)" with a "Stable" trend.Proceeds from the offering will be used to redeem all of Morguard's 9.5% Series H senior unsecured debentures due Sept. 26, 2026. The redemption date is June 22.Morguard shares closed unchanged at $125.85 on Wednesday on the Toronto Stock Exchange.

$MRC.TO

Treasury42d ago

Canada's Product Prices in May Rise for The Fifth Month in A Row as Middle East Conflict Impacts Commodity Markets

Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), were up 1.2% month over month in May and increased 13.6% year over year, said the country's statistical agency on Thursday.The IPPI's May rise marked the fifth consecutive monthly increase. Disruptions to shipping through the Strait of Hormuz continued to affect global commodity markets in May, reflecting impacts on crude oil costs and supply chains since March, noted Statistics Canada in a statement.This situation contributed to price increases across various commodity groups, including chemical and chemical products, energy and oil products and primary non-ferrous metal products, StatsCan added.Excluding energy and oil products, the IPPI increased 0.9% month over month.May's 1.2% month-over-month climb was less than the 2.5% month-over-month increase expected by Bank of Montreal.Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), increased 0.7% month over month and rose 33.4% year over year, said the Ottawa-based agency.Data collected from this survey are used to produce two key measures of price change for the Canadian economy: the IPPI and the RMPI. The IPPI measures price movements for products sold by manufacturers in Canada, and the RMPI measures price movements for raw materials purchased by manufacturers in Canada. Data for about 6,000 products are used to produce the IPPI and RMPI.The IPPI and RMPI are used extensively by businesses for contract escalation and industry analysis. StatsCan uses these indexes to deflate current dollar values and derive estimates of real growth and productivity for the manufacturing sector.

$CXY

Asia Markets42d ago

Tadawul Shares End Week Subdued; US, Iran Sign Interim Peace Deal

The Tadawul All Share Index closed subdued at 0.06% in the green as the signing of the interim peace deal between Iran and the US took the global spotlight on Thursday.Dominating headlines is the signing of the US-Iran Islamabad Memorandum of Understanding. The 14-point deal includes sanction terminations, the reopening of the Strait of Hormuz, and a 60-day extension to its ceasefire to reach and negotiate a final deal.However, Israel's newest attacks on Lebanon caused market jitters as Iran stipulated that Lebanon should be included in its peace deal with the US."However, this sell off has partially reversed overnight following news shortly after the US close that the Presidents of the US and Iran had electronically signed an interim deal to end hostilities, with this MoU coming into effect. The signing had initially been expected on Friday, but Axios reported earlier yesterday that this may be brought forward. According to reports, the 14-point MoU foresees a rapid re-opening of the Strait of Hormuz, with an extendable 60-day period to negotiate a final deal that would cover nuclear issues and broad sanctions relief. The deal also envisages a $300bn fund for the 'reconstruction and economic development' of Iran, though Trump stressed yesterday that the US will not be investing in Iran and that Iran would benefit only if it 'behaves'," Deutsche Bank Research said in a note.In other news, and as expected, the US Federal Reserve kept its interest rates steady for the fourth time in a row, with the interest rates at the 3.50% to 3.75% range.Back at home, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, is reportedly looking into the sale of its sulphur business stake. The state-owned oil giant is said to be aiming to raise $7 billion from the sale. Shares of Aramco closed 0.30% lower.Meanwhile, Specialized Medical Co. (SASE:4019) ticked up 1.05% as its 51%-owned Al-Mukhtas Al-Sehhi Medical unit secured a contract to manage and operate the SABIC Behavioral Care Specialist hospital.

^TASISASE:2222SASE:4019

US Markets42d ago

Central Bank of Taiwan Keeps Key Rates Steady as Economy Expected to Grow Further

Taiwan decided to keep its benchmark rates unchanged at 2% as expected, as its economy remains steadfast, according to a Thursday press release from the central bank.The decision was in line with the forecast made by 27 out of 30 economists surveyed by Reuters."With the domestic inflation outlook projected to remain moderate and the domestic economy expected to post solid growth, the Bank, taking a prudent approach to the uncertainty surrounding the global economic and financial outlook and the potential impact of the Middle East conflict on domestic prices and the economy, judged that a rate hold would help sustain sound economic and financial development on the whole," the central bank said in a statement.The rates on refinancing of secured loans and temporary accommodations were maintained at 2.375% and 4.25%, respectively.Anticipation of continued growth also prompted the central bank to upgrade its GDP forecast for Taiwan to 9.45% from 7.28% previously. Increased demand for artificial intelligence is a major factor in the outlook.On the other hand, the central bank raised its headline and core inflation forecasts to 1.91% and 1.90%, respectively. In its March update, it had expected consumer prices to grow 1.8% and 1.75% for the year."Since the Board met in March this year, investment in artificial intelligence (AI) and related technologies has continued to expand, supporting further growth in global manufacturing activity. Nevertheless, the conflict in the Middle East has disrupted global energy supplies," the central bank wrote. "Looking ahead, developments in the Middle East conflict, the future course of monetary policy among major central banks, the evolution of U.S. economic and trade policies, and the prospects for AI-related industries could add to uncertainties surrounding the global economic and financial outlook."

Taiwan Weighted

Equities42d ago

Energy Fuels Secures $725 Million Conditional Financing Commitment From Government

Energy Fuels (UUUU) said Thursday it obtained a conditional $725 million senior-secured debt commitment from the US Office of Strategic Capital.The potential 20-year loan will fund the expansion of critical mineral processing at its Utah mill and the construction of a domestic rare earth metal plant, the company said.The company intends to combine its manufacturing operations with the pending acquisition of Australian Strategic Materials to establish supply chains for defense and technology industries, it said.The capital will support project development, infrastructure capacity, supply chain integration, and corporate working capital, Energy Fuels said.Shares of the company were up by over 17% in Thursday premarket activity.

$UUUU

Asia42d ago

Shanghai Bairun Investment Seeks Up to 1.3 Billion Yuan in Share Placement

Shanghai Bairun Investment Holding Group (SHE:002568) is looking to raise up to 1.31 billion yuan from the sale of up to 312.5 million shares to 35 investors via a private placement, according to a Thursday filing with the Shenzhen bourse.The company plans to use the proceeds for a malt whisky cask aging capacity expansion project and for its R&D testing center.

SHE:002568

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Commodities42d ago