China
OCBC inks new 10-year partnership with Bank of Ningbo
OCBC inks new 10-year partnership with Bank of Ningbo
OCBC has a 20% stake in the Zhejiang-based bank and will continue its US$5m training grant.
Bank of Singapore names Eng Chien Chan as market group head for Greater China
His appointment will be effective on 17 March.
Mainland tourists drive WeChat’s growth during National Day
Cross-border transactions in Weixin Pay increased by 21% year-on-year
Country Garden expects higher loss for H1
Blame it on lower scale of settlement for real estate, amongst others.
Yangzijiang Shipbuilding’s net profit up 37% in H1
The company has delivered 23 vessels during the period.
Sunpower unit and Jining Energy to promote clean energy solutions
They aim to upgrade the regional energy structure.
Keppel units ink agreement to develop 19 plots in Tianjin, China
Under the deal, Keppel Hong Da will partially divest in Tianjin Fulong.
GuocoLand China names Keppel China EVP as new managing director
He is formerly from Keppel’s real estate division in China.
Abundance Int'l enters JV to commercialize eco-friendly chemical production
They will build a hundred-ton facility for the production of FDME.
OCBC’s Q3 2024 net profit rises 9% to $1.50b
Operating expenses rose 9% to $1.11b.
SP Group deploys 240 MWp agrivoltaic project in China
This will be fully operational by the end of 2024.
Sri Trang Gloves establishes new unit in China
This will be for gloves packing and distribution.
Aoxin Q & M anticipates rebound in H1 2024
The company reported a net loss of $210m in H1 2023.
SP Group wins bid to develop a district cooling and heating system in Chengdu, China
Total investment estimated to exceed RMB 200m ($37.27m)
China stocks outperform ASEAN in the first half
Returns in FTSE All-Share ASEAN Index the Straits Times Index lagged at 2.6% and 5.6%, respectively.
Hong Leong Asia’s China Yuchai greenlights US$40m share buyback plan
The plan will be funded through operating cash flow and existing cash balance.
EC World REIT takes legal action against sponsor amidst mortgage dispute
Its sponsor failed to discharge the alleged "illegal" mortgages imposed in its Fuyang properties.
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