Shanghai Kai Kai Industry Raises More Than 155 Million Yuan in Share Sale to Controlling Shareholder

Shanghai Kai Kai Industry plans to subscribe for wealth management products worth 20 million yuan, according to a Shanghai bourse disclosure on Friday.

The Chinese textile products manufacturer will apply for structured deposits at Bank of Ningbo .

The product has an expected annualized return of between 1% and 2%, with a yield of between 98,600 yuan and 197,300 yuan. It has a term of 180 days, maturing on Dec. 17.

Textile products manufacturer Shanghai Kai Kai Industry intends to purchase a 360-day structured deposit from Ningbo Bank using 40 million yuan in idle funds.

The product has an expected annualized return of 1.50% to 2.20%, according to a Friday filing with the Shanghai bourse.

Textile products manufacturer Shanghai Kai Kai Industry intends to purchase a 360-day structured deposit from Ningbo Bank using 40 million yuan in idle funds.

The product has an expected annualized return of 1.50% to 2.20%, according to a Friday filing with the Shanghai bourse.

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

Stocks in Greater China gained on Tuesday.

Hong Kong's Hang Seng Index gained 1.1% to 20098.29, and China's Shanghai Composite Index gained 1.3% to 3393.53. The Taiwan Taiex index rose 0.1% to 23120.24.

Among Hang Seng constituents, Orient Overseas (International) Ltd. was the biggest gainer during the session, surging 7.3%, and BYD Electronic (International) Co. Ltd. surged 5.7%. Xinyi Solar Holdings Ltd. rounded out the top three movers on Tuesday, as shares gained 5.0%.

China Resources Power Holdings Co. Ltd. posted the largest decline among companies on the Hang Seng, falling 2.8%, followed by shares of China Hongqiao Group Ltd., which fell 2.3%. Shares of Galaxy Entertainment Group Ltd. fell 1.3%.

Among large mainland China stocks, Hubei Wanrun New Energy Technology Co. Ltd. A was the biggest gainer during the session, surging 14%, and ASR Microelectronics Co. Ltd. A surged 12%. Jilin Joinature Polymer Co. Ltd. rounded out the top three movers on Tuesday, as shares surged 12%.

Nanjing Canatal Data Centre Environmental Tech Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of Shanghai Kai Kai Industrial Co. Ltd., which dropped 10%. Shares of Routon Electronic Co. Ltd. dropped 10%.

In Taiwan, Apex Dynamics Inc. was the biggest gainer among large companies during the session, surging 10%, and Episil-Precision Inc. surged 10% Altek Corp. rounded out the top three movers, as shares surged 10%.

ALi Corp. posted the largest decline, dropping 6.3%, followed by shares of Fositek Corp., which dropped 5.1%. Shares of King's Town Bank Co. Ltd. fell 4.4%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.30 while the New Taiwan dollar held steady against the U.S. dollar at NT$32.71.

Data source: Dow Jones Market Data, FactSet