The scheme has seen substantial growth this year, with mainland Chinese clients investing 15.4 billion yuan ($2.16 billion) in offshore products, a stark contrast to the 24.6 million yuan invested northbound by residents of Hong Kong and Macau, according to data from China's central bank. n.
Phoenix Media Investment saw its revenue decline by 8% to HK$1.04 billion for the first half of 2024, down from HK$1.13 billion in the same period the previous year. This drop in revenue has contributed to a significant increase in the company's attributable losses.
Marble Design Factory's shares increased by 4.65% as it reported significant progress in constructing new showrooms and warehouses for its real estate development unit. Additionally, Red Sea International signed a substantial contract with Webuild, driving its stock up by 9.97%.
Seven & i Holdings has formed a special committee of outside directors to thoroughly evaluate the acquisition proposal from Alimentation Couche-Tard. The committee will compare the offer with other strategic options, emphasizing the company’s commitment to enhancing value for its stakeholders.
Sumitomo Mitsui Financial Group (SMFG) remains an appealing investment despite recent market volatility, with potential upside from rate increases and strategic equity sales. The bank's strong profit growth and improved return on equity make it a contender to watch as Japanese financial markets recover.
Chang Hwa Commercial Bank reported a strong NT$7.44 billion profit for the first half of 2024, equating to NT$0.66 per basic share. With net accumulated revenues of NT$20.75 billion, the bank’s financial report highlights its steady performance, although year-on-year comparison figures were not provided.
Star Asia Investment has secured a comprehensive debt financing package to support the acquisition of four properties, with loans sourced from Sumitomo Mitsui Banking and Mizuho Bank. The financing plan includes both short-term and long-term borrowings, part of which are green loans under the company’s Green Finance Framework.
The investment by Toyotetsu India is part of a larger package of approvals given by the Karnataka Single Window Clearance Committee (SLSWCC) on August 17. The committee, chaired by Karnataka Minister for Large, Medium Industries, and Infrastructure, MB Patil, approved a total of 20 projects amounting to Rs 2,280.52 crore.
The confrontation began with protesters claiming that Herzog was not representing the people who opposed the government. Herzog countered by explaining that he had made extensive efforts to promote national unity, including calling for a unity government, which both sides of the political spectrum ignored.
SEBI determined that the trusts mirror the promoters' existing shareholdings and control, ensuring no change in ownership or voting rights. The trusts are managed by family members, with assets to be distributed to beneficiaries or their legal heirs if dissolved.
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