PRE-MARKET CHINESE STOCKS NEWS: China is considering a USD 295bln plan for the construction of data centres nationwide
Antengene Corporation (6996 HK) - Co. said China’s NMPA approved its IND application for a Phase I study of ATG-201. (Nikkei)
China Dongxiang Group (3818 HK) - Co. issued a profit warning and expects prelim. FY25/26 net loss of 180mln versus profit of 207mln Y/Y. (Nikkei)
China Merchants Shekou Industrial Zone Holdings (001979 CH) - Co. reported May contracted sales of CNY 20.9bln versus CNY 17.3bln Y/Y. (Nikkei)
China Suntien Green Energy (956 HK) - Co. reported May power generation rose 10% Y/Y to 1.39TWh. (Nikkei)
China Unicom Hong Kong (762 HK) - Co. told the US FCC that a Trump administration proposal to crack down on Chinese telecom companies would cause severe disruption to global communications networks and harm US firms with significant business in China. (Nikkei)
Longfor Group Holdings (960 HK) - Co. reported May contracted sales of CNY 2.13bln versus CNY 4.76bln Y/Y. (Nikkei)
Swire Pacific (19 HK) - Co. plans to sell HKD 4.70bln in zero-coupon exchangeable bonds, which are exchangeable for up to 356.6mln Cathay Pacific shares. (Nikkei)
Tencent Holdings (700 HK) - Co. reportedly raised USD 4.7bln in dollar and offshore yuan bond issuance. (Nikkei)
Other News
China is considering a USD 295bln plan for the construction of data centres nationwide, according to Bloomberg. (Newswires)