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Shenzhen Megmeet Electrical Plans Hong Kong Listing; Shares Fall 6%

Shenzhen Megmeet Electrical (SHE:002851) plans to issue H shares and list on the Hong Kong Stock Exchange's Main Board.The move aims to deepen global expansion, build an international platform and boost competitiveness, according to a Wednesday filing with the Shenzhen bourse.The listing is subject to shareholder approval, compliance with applicable Chinese and Hong Kong laws, and approvals from the China Securities Regulatory Commission, Hong Kong Securities and Futures Commission and Hong Kong bourse.Shares of the industrial automation equipment manufacturer fell over 6% in recent trade.

SHE:002851

International45d ago

Westpac Expects New Zealand GDP to Rise 1% in the March Quarter

Westpac said it expects New Zealand's gross domestic product to rise 1% in the March quarter, with seasonal distortions adding about 0.4 percentage points, according to a Wednesday report by the bank.Manufacturing, household spending, and tourism were the standout contributors to growth in the quarter, the bank said, adding that the Iran conflict had yet to visibly weigh on activity, with any impact more likely to emerge in the June quarter.Westpac said it is unclear if the Reserve Bank of New Zealand's policy committee will really be affected by the GDP figures, even if it is the only major data to come before their July 8 decision.Westpac said its estimate aligns with the Reserve Bank of New Zealand's forecast in its May Monetary Policy Statement.

Financial News · Live Terminal

Shenzhen Megmeet Electrical Plans Hong Kong Listing; Shares Fall 6%

Westpac Expects New Zealand GDP to Rise 1% in the March Quarter

Market Chatter: China Finalizing 2 Trillion Yuan Plan to Build AI Data Centers

Japanese Shares Open Lower on Tech Selloff, US Strike on Iran

Australia Dwelling Approvals Fall in April, Final ABS Data Shows

China's Factory-Gate Inflation Accelerates to 3.9% in May

China's Consumer Inflation Steady at 1.2% in May

Westpac New Zealand Adds New Mobile Community Banking Van

Terra Metals Confirms High-Grade Mineralization at Western Australia Prospect; Shares Down 10%

Alicanto Minerals Raising AU$30 Million via Institutional Placement; Shares Fall 7%

Toubani Resources Advances Earthworks Activities at Mali Gold Project

Update: Amaero Secures ASX Waiver for Delaware Re-Domiciliation

Update: IGO Reports Fire at CGP3 Lithium Plant in Western Australia; Shares Fall 4%

Tianli International Unit to Buy Controlling Stake in Art Education Provider

Island Pharmaceuticals Secures Agreement Expansion With US Army Medical Research Institute of Infectious Diseases; Shares Up 3%

Serko Names Chief Product Officer

South Korean Shares Slide at Open on Renewed US-Iran Tensions

Praemium Transitioning to New Core Technology Platform; Shares Fall 4%

Barton Gold Holdings Completes AU$26 Million Share Placement

Elevate Uranium Upgrades Total Mineral Resource Estimate for Namibia Project; Shares Hit Over One-Year Low

Shenzhen Megmeet Electrical Plans Hong Kong Listing; Shares Fall 6%

Westpac Expects New Zealand GDP to Rise 1% in the March Quarter

Market Chatter: China Finalizing 2 Trillion Yuan Plan to Build AI Data Centers

Japanese Shares Open Lower on Tech Selloff, US Strike on Iran

Australia Dwelling Approvals Fall in April, Final ABS Data Shows

China's Factory-Gate Inflation Accelerates to 3.9% in May

China's Consumer Inflation Steady at 1.2% in May

Westpac New Zealand Adds New Mobile Community Banking Van

Terra Metals Confirms High-Grade Mineralization at Western Australia Prospect; Shares Down 10%

Alicanto Minerals Raising AU$30 Million via Institutional Placement; Shares Fall 7%

Toubani Resources Advances Earthworks Activities at Mali Gold Project

Update: Amaero Secures ASX Waiver for Delaware Re-Domiciliation

Update: IGO Reports Fire at CGP3 Lithium Plant in Western Australia; Shares Fall 4%

Tianli International Unit to Buy Controlling Stake in Art Education Provider

Island Pharmaceuticals Secures Agreement Expansion With US Army Medical Research Institute of Infectious Diseases; Shares Up 3%

Serko Names Chief Product Officer

South Korean Shares Slide at Open on Renewed US-Iran Tensions

Praemium Transitioning to New Core Technology Platform; Shares Fall 4%

Barton Gold Holdings Completes AU$26 Million Share Placement

Elevate Uranium Upgrades Total Mineral Resource Estimate for Namibia Project; Shares Hit Over One-Year Low