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XINTE ENERGY establishes the first phase of an asset-backed special plan with a scale of 1.337 billion RMB

XINTE ENERGY announced that its subsidiary Inner Mongolia Energy sold a 79.92% equity stake in the Xinjiang Fengzhi New Energy Power Generation Partnership (Limited Partnership) to the manager, as part of the establishment of the first phase of an asset-backed special plan, with a total scale of RMB 1.337 billion

AASTOCKS·
HK
01799
-1.64%
AASTOCKS·
HK
01799
-1.64%

BYD to build additional e-bus factory in Brazil

BYD plans to build a new e-bus factory in São Paulo, Brazil, within three years due to rising demand. The current Campinas plant's capacity is fully utilized, prompting a temporary facility to double production. The new factory will produce 6,000-7,000 chassis annually and employ 700-800 people, expanding BYD's product range to include electric trucks. The expansion aims to meet local and export demands, driven by a fleet replacement wave among public transport operators.

electrive·
HK
01211
-1.42%
US
BYDDY
0.00%
US
BYDDF
+0.17%
electrive·
HK
01211
-1.42%
US
BYDDY
0.00%
US
BYDDF
+0.17%

Xinte Energy Subsidiary to Transfer 79.92% Partnership Stake for ABS Program

Xinte Energy Co., Ltd. announced that its subsidiary, Inner Mongolia Energy, will transfer its 79.92% partnership stake, valued at RMB1,337 million, to the partnership's manager. This is part of establishing a First Tranche asset-backed securities program with the Shanghai Stock Exchange. The transaction, requiring no additional consideration, is a discloseable transaction under Hong Kong Listing Rules, highlighting the company's use of structured financing for capital and funding arrangements.

Tip Ranks·
HK
01799
-1.64%
Tip Ranks·
HK
01799
-1.64%

China Longyuan Power Issues RMB2.6 Billion Ultra Short-Term Debentures

China Longyuan Power Group Corporation Ltd. has issued RMB2.6 billion in ultra short-term debentures with a 29-day term and a 1.65% coupon rate. The proceeds will be used for working capital and debt repayment. China Minsheng Bank Corp. Ltd. was the lead underwriter. The issuance was approved at the 2024 annual general meeting.

Reuters·
SZ
001289
+0.20%
HK
00916
-0.30%
Reuters·
SZ
001289
+0.20%
HK
00916
-0.30%

Chinese automakers like BYD, Chery are gaining traction on UK roads with high demand and low tariffs.

Chinese automakers such as BYD and Chery are gaining popularity among British drivers due to favorable tariffs and consumer receptiveness to new brands.

Unusual Whales·
SZ
002594
-1.76%
US
BYDDY
0.00%
US
BYDDF
+0.17%
Unusual Whales·
SZ
002594
-1.76%
US
BYDDY
0.00%
US
BYDDF
+0.17%
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MediaTek, the smartphone and ASIC chip giant, sees automotive becoming its next US$1 billion business over the next 2-3 years due to a platform co-developed with Nvidia, mainly in China (BYD for one) ......

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