RS Macalline and China Cinda and Cinda Capital have entered into a transaction agreement for the partnership enterprise transaction.

RS Macalline (01528) announced that on August 6, 2024, the board of directors approved the signing of the transaction documents between the company and its subsidiaries (i.e. Shanghai Xingkai) and China Cinda and Cinda Capital regarding the joint venture transaction. Shanghai Xingkai, China Cinda and Cinda Capital hold 61.49%, 38.43% and 0.08% partnership interests in Tianjin Xinmei, respectively. Tianjin Xinmei will establish an SPV to complete the proposed transaction, namely SPV will acquire all the equity of Yantai Red Star for a consideration of RMB 0.98 billion. SPV will also provide a loan of RMB 1.3 billion to Yantai Red Star to repay its debt.

新浪港股Aug 6 19:04 ET

Midea Group Co., Ltd.'s (SZSE:000333) Share Price Is Matching Sentiment Around Its Earnings

Simply Wall StAug 4 20:46 ET

Galaxy Securities: The prosperity of the household appliance industry is expected to continue to recover, focusing on three investment themes.

The central government will allocate around 300 billion yuan of special funds for ultra-long-term national bonds to encourage trade-ins for new vehicles.

Zhitong FinanceJul 30 08:23 ET

MIDEA AMERICA EXPANDS U.S. RESEARCH AND DEVELOPMENT CENTER

Yahoo FinanceJul 29 13:48 ET

Northbound investors sold over 0.9 billion Hong Kong dollars of China Mobile, while southbound investors increased their holdings in home appliance stocks against the trend.

Track the latest trends of north-south directional funds.

Gelonghui FinanceJul 26 06:54 ET

Haitong Securities: Further implementing the policy of replacing old with new and supporting funds shared by the central and local governments.

The policy of replacing old with new has been further implemented, supporting funds to be shared between the central and local governments in a 9:1 ratio. The subsidy and support from the central government is significant, which is beneficial for activating the demand for updating existing stock and optimizing the product structure, and is bullish for industry leaders.

Zhitong FinanceJul 26 01:51 ET