DIRS.INFO The most relevant business & tech news

☆ Chinese nickel firm Lygend to raise $470 mln in Hong Kong IPO - sources
▼ + stars: | 2022-11-25 | by ( Alexander Marrow | Supantha Mukherjee | ) www.reuters.com time to read: +1 min

Nov 25 (Reuters) - Chinese nickel producer and trader Lygend Resources has priced shares at HK$15.80 apiece to raise $470m in its Hong Kong initial public offering (IPO), according to two people with direct knowledge of the matter. The Ningbo-based firm sold 232.54 million shares in the IPO, the fourth largest in Hong Kong so far in 2022. The biggest IPO fundraising so far this year has been CALB's (3931.HK) $1.28 billion issue. The company says it is the world's largest nickel product trader, and the largest in China in terms of nickel ore trading in 2021, with a market share of 26.8% in 2021. ($1 = 7.8120 Hong Kong dollars)Reporting by Scott Murdoch in Sydney and Georgina Lee in Hong Kong; Additional reporting Gao Zhuo; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

☆ Chinese Nickel Producer Lygend Seeks Up to $593 Million in Hong Kong IPO
▼ + stars: | 2022-11-21 | by ( Dave Sebastian | ) www.wsj.com time to read: 1 min

Lygend Resources & Technology Co. , a Chinese nickel producer and trader, wants to raise as much as $593 million in its Hong Kong initial public offering, becoming the latest company along the electric-vehicle supply chain to tap public markets in a lackluster year for debuts. The company, based in Ningbo, China, said Monday that it is taking investor orders through Thursday, and that it expects to list on Dec. 1. Its offer price will be somewhere from HK$15.60—equivalent to $1.99—to HK$19.96 apiece, Lygend said. About 90% of the 232.5 million shares on offer will be available to international investors, the company added.

☆ China, 'factory of the world,' is losing more of its manufacturing and export dominance, latest data shows
▼ + stars: | 2022-10-20 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

The container ship Emma Mærsk docked at the Dapukou container terminal of Ningbo-Zhoushan Port on August 21, 2022 in Zhoushan, Zhejiang Province. Teodoro said Vietnam's close proximity to China and cheap labor are reasons why Vietnam is considered a suitable alternative. Vietnam has taken the lion's share of the manufacturing trade away from China with an almost 360% increase in far-distance trade since 2014 — the year the country started to invest in its maritime and manufacturing sector. Malaysia and Bangladesh have taken apparel manufacturing away from China, according to MDS Transmodal, while Taiwan has seen a marginal uptick in metal manufacturing. Ningbo port hit by Covid policiesThe Port of Ningbo, the world's largest port and the third-largest container port, is the latest Chinese trade hub to see an impact from the government's "Zero Covid" policies.

☆ Best Chinese food: 32 must-try dishes
▼ + stars: | 2022-10-13 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +20 min

Dan dan noodlesIt’s nearly impossible to dislike China’s soul-comforting dan dan mian, or dan dan noodles. Dan dan noodles are named after the way they were originally sold more than 100 years ago – on a dan dan, a carrying pole, by street hawkers. Some think dan dan noodles should contain a dry mix of noodles, made with minced meat, chopped scallions, spices, crushed peanuts and various sauces. Others disagree, preferring dan dan noodles in a hot, spicy, salty and nutty broth albeit with similar ingredients. Similar to Hainanese chicken rice, the Wenchang version is often served with yellow chicken fat rice and chicken soup.

Persons: –, It’s, Dan, mian, jiao, you’ve, Ding Baozeng, Ding Gongbao, Ding, Hanyuan, cai, hei, Jian bing, jian bing, bing guozi, Chen, chow, Su Dongpo, China’s, zhu, Shui zhu, zhu niu, Bao Bao, bao, jian bao, Rou jia, xin, cheung, yun cheung, Laap cheung, Yun cheung, Congee, Chaozhou Organizations: CNN, Adobe, Adobe Stock Locations: China, Peking, Nanjing, Beijing, Govan, –, Sichuan, Hunan, Shandong province, Fujian, Hainan, Malaysia, Pidu, It’s, Tianjin, Chen, Shunde district, Shaanxi, Fuding county, Ningbo

Indonesian nickel production by mine and productPOWERING UPIndonesia's nickel boom reflects both the country's rich mineral resources and the government's drive to push miners down the value-add processing chain. China's imports of nickel by product 2020-2022PRICING DOWNThis Indonesian supply surge was widely expected, but its exact timing was fuzzy given the number of new processing routes being used to convert ore to battery nickel. The combination of European demand shock, Indonesian production burst and the closing of the processing gap between stainless and battery nickel means there "is close to 30% downside for the nickel price into year-end". This mismatch of market-place and market is one of the reasons the LME nickel contract melted down in March. Macquarie Bank now provides three different nickel price forecasts for LME refined metal, Chinese nickel pig iron and Chinese nickel sulphate.

☆ New China ETFs test investor appetite amid Sino-U.S. tech war, market rout
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Aly SongSHANGHAI, Sept 23 (Reuters) - Five Chinese tech-focused ETFs launched on Friday, testing investor appetite for chipmakers, new materials producers and machine tool manufacturers amid an escalating Sino-U.S. tech war, and a global rout in tech shares. Two of the ETFs will invest money into the stocks of the 50 biggest chipmakers listed on Shanghai's STAR Market, including Semiconductor Manufacturing International Corporation (SMIC) (0981.HK) and Montage Technology Co (688008.SS). read moreIt also comes amid heightened geopolitical tensions and tech rivalries between China and the United States. The Biden administration took fresh steps in recent weeks to support domestic tech sectors and cut economic reliance on China, sending shares in Chinese biotech and new energy lower. Shanghai's tech-focused STAR Market - which Beijing hopes will fund China's tech self-sufficiency - has tumbled roughly 30% this year.

☆ China vrea să construiască o linie de tren către SUA
▼ + stars: | 2021-06-08 | by ( ) www.jurnal.md time to read: +2 min

Sursa foto: jurnal.mdChina vrea să construiască o linie de tren către SUAChina deține în prezent una dintre cele mai extinse și impresionante rețele feroviare de mare viteză de pe Pământ și nu dă semne că se va opri din extinderea ei. Odată construită, chinezii ar putea extinde și mai multe rețeaua lor de trenuri de mare viteză, ajungând până în fiecare colț al SUA, potrivit IFL Science. China a aprobat în 2018 primul tren de mare viteză din lume pe o rută subacvatică. Deși acest tunel subacvatic este semnificativ mai mic comparativ cu cel din Canalul Mânecii, adăugarea unui tren de mare viteză aduce noi provocări construcției. În 2020, guvernul SUA a aprobat totuși o linie de cale ferată de 2.570 de kilometri care să lege Statele Unite și Canada, din Alaska până în Alberta.

Persons: Beijingul Organizations: Beijing Times Locations: China, SUA China, Chinei, Statele Unite, SUA, Beijing, Rusia, Canada, America, Bering, Strâmtoarea Bering, Canalul Mânecii, Shanghai, Alaska, Alberta, Japonia

Search resuls for: "NINGBO"

7 mentions found