PRE-MARKET CHINESE STOCK NEWS: Luxshare Precision Industry (002475 CH) plans to raise up to HKD 24.27bln through an offering of 383.47mln H shares
Agile Group (3383 HK) - Co. announced the adjournment of its winding-up petition to Oct. 12. (Newswires)
ByteDance - Co. is reportedly targeting early next year for a new AI chip to power its own AI infrastructure. (Press)
BYD Company (1211 HK) - Co. agreed with Colonial Motor Company to expand representation of the BYD brand in New Zealand through BYD Auto NZ, a division of Ateco Group. (Newswires)
EC Healthcare (2138 HK) - Co. FY26 (HKD) net loss 413mln (prev. loss 112mln Y/Y), adjusted EBITDA fell 25.3% Y/Y to 280mln, rev. fell 8.9% Y/Y to 3.77bln. (Newswires)
Luxshare Precision Industry (002475 CH) - Co. plans to raise up to HKD 24.27bln through an offering of 383.47mln H shares at a maximum price of HKD 63.28/share, with trading on the Hong Kong exchange expected to begin from July 9, while Goldman Sachs, Citic Securities and CICC are advising on the offering. (Dow Jones Newsplus)
Tech
- China's Premier Li said China will improve support policies for AI development and boost credit support to promote trade.
Other News
- China's zinc smelters plan to cut concentrate usage amid persistent losses.
- China's PBoC's overnight repo operation signals stronger liquidity support, with the tool expected to support quarter-end liquidity conditions, according to Chinese press.