Page 9 - நிலை ஓஂட் சொத்துக்கள் மேற்பார்வை News Today : Breaking News, Live Updates & Top Stories | Vimarsana
China s central SOEs donate 686 mln yuan to Henan flood relief
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The week in review: PBoC publishes digital renminbi white paper, seven regulators visit Didi for cybersecurity review, Beijing extends Tomorrow group units takeover timeline
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China Clamps Down on Homegrown Tech Giants Amid Nationalization Drive
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Icon Investors File Lawsuit Against Major Shareholder Linked to Chinese Communist Party
On June 1, Icon Aircraft founder Kirk Hawkins and other minority shareholders of the company filed a lawsuit against the company’s majority shareholder Pudong Science and Technology Investment Inc. (PDSTI) in Delaware Chancery Court (Docket No. 2021-0475). The minority group also includes a former Icon board member and former Boeing CEO Phil Condit.
According to Aviation International News, the minority shareholders are accusing PDSTI of seizing control of the management of the company, breaching their fiduciary duty to shareholders, removing minority American board members, and blocking the company’s takeover negotiations with Yamaha. The moves are “all in support of its goal to expropriate Icon’s intellectual property to China,” reported AV Web, a global aviation news portal, on June 8, 2021.
Fixed-asset investment by China s centrally-administered state-owned enterprises (SOEs) rose 10.5 percent year on year to 1.1 trillion yuan (about 170 billion U.S. dollars) in the first half of 2021, official data showed.
The data put average year-on-year investment growth for the same period of 2021 and 2020 at 8.7 percent from the 2019 level, according to the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council.
In June alone, central SOEs invested 291.27 billion yuan, an increase of 49.6 percent from the previous month.
During the January-June period, the country s central SOEs spent more on research and development (R&D) amid efforts to boost innovation-driven development, according to the SASAC.