Hangzhou Raycloud Technology Signs Supplementary Agreement for Yitao (Shandong) Investment Management Acquisition

MT Newswires

Hangzhou Raycloud Technology signed a supplementary agreement to its equity acquisition framework agreement with Yitao (Shandong) Investment Management, according to a Wednesday filing with the Shanghai bourse.

The deal outlines payment schedules, equity transfers, and performance commitments for the company's plan to acquire 100% equity of Yitao (Shandong) Investment Management for 200 million yuan.

The acquisition will make the target company a wholly-owned subsidiary, the disclosure said.

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Greater China Stocks Close Mixed; Taiwan Stocks Rise

Dow Jones Newswires

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Greater China were mixed on Wednesday.

Hong Kong's stock exchange was closed, while China's Shanghai Composite Index was flat at 3393.35. The Taiwan Taiex index rose 0.4% to 23220.13.

Among large mainland China stocks, Dongguan Dingtong Precision Metal Co. Ltd. A was the biggest gainer during the session, surging 20%, and Hygon Information Technology Co. Ltd. A surged 11%. Baida Group Co. Ltd. A rounded out the top three movers on Wednesday, as shares surged 10%.

EFORT Intelligent Equipment Co. Ltd. posted the largest decline, dropping 20%, followed by shares of Hangzhou Raycloud Technology Co. Ltd. A, which dropped 10%. Shares of Dawei Technology (Guangdong) Group Co. Ltd. A dropped 10%.

In Taiwan, Calin Technology Co. Ltd. was the biggest gainer among large companies during the session, surging 10%, and EverFocus Electronics Corp. surged 10% Creative Sensor Inc. rounded out the top three movers, as shares surged 9.9%.

Evergreen Steel Corp. posted the largest decline, falling 4.3%, followed by shares of Cal-Comp Electronics (Thailand) PCL TDR, which fell 4.2%. Shares of Ta Liang Technology Co. Ltd. fell 3.0%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.30 while the New Taiwan dollar weakened 0.1% against the U.S. dollar at NT$32.74.

Data source: Dow Jones Market Data, FactSet

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Greater China Stocks Close Mixed; Hong Kong Leads Gainers

Dow Jones Newswires

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Greater China Stocks Slip; Taiwan Sees Largest Decline

Dow Jones Newswires

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Hangzhou Raycloud Technology Signs Supplementary Agreement for Yitao (Shandong) Investment Management Acquisition

Greater China Stocks Close Mixed; Taiwan Stocks Rise

Greater China Stocks Close Mixed; Hong Kong Leads Gainers

Greater China Stocks Slip; Taiwan Sees Largest Decline

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