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Standard Development Unit Obtains 50 Million Yuan Loan From Industrial Bank
Industrial Bank of Korea's Net Attributable Income Declines in Q2, Sales Rise
Std Dev Group provides guarantee for the 50 million yuan loan agreement entered into by its subsidiary company and Industrial Bank.
STD Dev Group (01867) announced that on July 26, 2024, its subsidiary, STD Dev Ecological (Junan) Co., Ltd. (as borrower), signed a loan agreement with the Heze Branch of Industrial Bank Co., Ltd. (as lender) for a loan amount of RMB 50 million. As one of the prerequisites for Industrial Bank to grant the loan, the company has provided guarantees for the repayment responsibility of the loan under the loan agreement. The company believes that the loan agreement is beneficial to the group because it provides additional financial resources for the group's business development and operations, and can strengthen its cash flow.
The Japanese yen is strong against the US dollar, and traders are betting on a major turning point that will eventually come.
As more and more people expect the yield differential between Japan and the United States to narrow, there are increasing signs of a turning point in the yen. On Thursday, the yen/dollar exchange rate rose more than 1%, continuing the momentum of the significant rebound from the lowest levels since the 1980s over the past two weeks. Japan's obvious intervention measures to support the yen, significant reduction in yen short-selling by hedge funds, and closure of arbitrage trades that have been suppressing the yen have all pushed up the yen. Whether the yen's rise will be a turning point may depend on the decisions of the Bank of Japan and the Federal Reserve next week. About 90% of Bank of Japan watchers think that the Bank of Japan may
China Longyuan Power Issues 2.6 Billion Yuan Ultra-Short-Term Bonds
China Longyuan has completed the issuance of ultra-short-term financing bonds.
China Longyuan (00916) issued a statement that the company has completed the issuance of its super short-term commercial paper (this commercial paper) on July 23, 2024. The total amount of this commercial paper is RMB 2.6 billion yuan, with a term of 210 days, a unit face value of RMB 100 yuan, and a coupon rate of 1.75%. Interest will be calculated from July 24, 2024. Industrial Bank Co., Ltd. acted as the lead underwriter for the public offering of this commercial paper. The funds raised from this commercial paper will be mainly used to repay interest-bearing debts of the issuer and its subsidiaries, as well as to supplement the working capital of the issuer and its subsidiaries.
RHB Raises Target Price for Gamuda Amid Upbeat Prospects on Data Centre MarketNo Data
