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China SAIC-backed IM Motors raises $1 1 bln for smart car development, expansion

IM Motors, a premium electric vehicle brand of state-owned Chinese automaker SAIC on Friday said it has raised more than 8 billion yuan to work on new smart car models and technologies. .

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China plans pilot scheme in five regions to stabilize output in major producing areas

China will launch a pilot programme in five regions this year which will include improving public services in major food crop-producing counties to support output, an official said on Sunday, part. -February 04, 2024 at 06:10 am EST - MarketScreener

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Hollysys still backs Ascendent s buyout deal despite Dazheng s higher bid

Hollysys Automation Technologies said on Monday its special committee has retained a recommendation that shareholders vote for Ascendent Capital s acquisition deal as the offer from a Dazheng. -January 29, 2024 at 09:54 pm EST - MarketScreener

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The world s most indebted developer, Evergrande s crisis worsens

The world s most indebted developer, Evergrande s crisis worsens
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Worsening crisis at Evergrande, world s most indebted developer

A Hong Kong court ordered the liquidation of China Evergrande Group on Monday. Evergrande is the world s most indebted real estate developer and has been at the centre of an.

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