China

Mainland tourists drive WeChat’s growth during National Day

Cross-border transactions in Weixin Pay increased by 21% year-on-year

Country Garden expects higher loss for H1

Blame it on lower scale of settlement for real estate, amongst others.

Yangzijiang Shipbuilding’s net profit up 37% in H1

The company has delivered 23 vessels during the period.

Keppel units ink agreement to develop 19 plots in Tianjin, China

Under the deal, Keppel Hong Da will partially divest in Tianjin Fulong.

GuocoLand China names Keppel China EVP as new managing director

He is formerly from Keppel’s real estate division in China.

Abundance Int'l enters JV to commercialize eco-friendly chemical production

They will build a hundred-ton facility for the production of FDME.

SP Group deploys 240 MWp agrivoltaic project in China

This will be fully operational by the end of 2024.

Sri Trang Gloves establishes new unit in China

This will be for gloves packing and distribution.

Aoxin Q & M anticipates rebound in H1 2024

The company reported a net loss of $210m in H1 2023.

China stocks outperform ASEAN in the first half

Returns in FTSE All-Share ASEAN Index the Straits Times Index lagged at 2.6% and 5.6%, respectively.

Hong Leong Asia’s China Yuchai greenlights US$40m share buyback plan

The plan will be funded through operating cash flow and existing cash balance.

EC World REIT takes legal action against sponsor amidst mortgage dispute

Its sponsor failed to discharge the alleged "illegal" mortgages imposed in its Fuyang properties.

CapitaLand sells 95% stake in Capital Square Beijing to AIA in S$447m deal

The property is located in the Central Business District (CBD) in Chaoyang District.