PRE-MARKET CHINESE STOCKS NEWS: Chinese chipmaker suspended plans for its USD 4.9bln Shanghai IPO
ORIGINAL · NewsquawkPRE-MARKET CHINESE STOCKS NEWS: Chinese chipmaker suspended plans for its USD 4.9bln Shanghai IPORead originalHide original
ASMPT (522 HK) - Co. reportedly decided not to proceed with a sale of its SMT Solutions unit. (Newswires) ENN Energy (2688 HK) - Co. renewed a three-year natural gas purchasing agreement with ENN Natural Gas with an annual cap of RMB 7.5bln, effective from January 1st, 2027 to December 31st, 2029, with minimum annual purchases of 2.5BCM. (Newswires) Prudential (2378 HK) - Co. reported Q3 new business profit rose 1% Y/Y to USD 709mln, while APE sales fell 6% Y/Y to USD 1.60bln, and said strong momentum in September and October at the Group level helped offset lower sales volumes from its Chinese Mainland life operations. (Newswires) YMTC - Chinese chipmaker YMTC reportedly suspended plans for its USD 4.9bln Shanghai IPO, with a potential listing in H1 2027 dependent on market conditions. (Newswires) Other News Canada and China agreed to prolong an arrangement reducing Chinese tariffs on Canadian agricultural products until the end of 2028, while committing to further talks aimed at expanding Canadian exports to China. (Newswires) China and Canada held their first energy ministerial dialogue via video conference, agreeing to strengthen cooperation in conventional energy, renewables, civilian nuclear power and uranium resources. (Newswires)
The brief reports a conditional pause in YMTC’s proposed IPO, company-specific operating updates, and Canada-China agreements on agricultural tariffs and energy cooperation.
News detail
ASMPT (522 HK) - Co. reportedly decided not to proceed with a sale of its SMT Solutions unit. (Newswires) ENN Energy (2688 HK) - Co. renewed a three-year natural gas purchasing agreement with ENN Natural Gas with an annual cap of RMB 7.5bln, effective from January 1st, 2027 to December 31st, 2029, with minimum annual purchases of 2.5BCM. (Newswires) Prudential (2378 HK) - Co. reported Q3 new business profit rose 1% Y/Y to USD 709mln, while APE sales fell 6% Y/Y to USD 1.60bln, and said strong momentum in September and October at the Group level helped offset lower sales volumes from its Chinese Mainland life operations. (Newswires) YMTC - Chinese chipmaker YMTC reportedly suspended plans for its USD 4.9bln Shanghai IPO, with a potential listing in H1 2027 dependent on market conditions. (Newswires) Other News Canada and China agreed to prolong an arrangement reducing Chinese tariffs on Canadian agricultural products until the end of 2028, while committing to further talks aimed at expanding Canadian exports to China. (Newswires) China and Canada held their first energy ministerial dialogue via video conference, agreeing to strengthen cooperation in conventional energy, renewables, civilian nuclear power and uranium resources. (Newswires)
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