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)TechChina'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.