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Real-time News
On December 29th, Longbai Group announced that its wholly-owned subsidiary, Henan Baililian New Materials Co., Ltd., plans to introduce strategic investors and implement a capital increase. The strategic investors will invest a total of RMB 2 billion in Baililian New Materials, subscribing to RMB 778 million of newly registered capital. They are expected to acquire a 31.40% equity stake in Baililian New Materials after the capital increase. The funds raised will primarily be used to repay bank loans. After the capital increase, Baililian New Materials registered capital will increase from RMB 1.7 billion to RMB 2.478 billion. Longbai Group will still directly hold 68.60% of Baililian New Materials equity, and Baililian New Materials will continue to be included in the companys consolidated financial statements.A German government spokesperson stated (regarding the conflict in Ukraine) that there can be no peace without Russias involvement.Sources say Hyundai is currently unable to exercise its right to repurchase its former Russian car factory.December 29 – The Shanghai Municipal Peoples Government and the State Power Investment Corporation (SPIC) signed a strategic cooperation agreement in Shanghai today (December 29). According to the agreement, both parties will fully leverage Shanghais comprehensive advantages and SPICs professional strengths, focusing on strengthening cooperation in areas such as nuclear energy, gas turbines, power supply security, clean energy transformation of thermal power plants, green energy development, and international expansion. This will achieve complementary advantages and mutual benefit between the central and local governments, helping SPIC accelerate its development into a world-class clean energy enterprise with global competitiveness, and assisting Shanghai in accelerating the construction of a modern industrial system and its transformation into a socialist modern international metropolis with global influence.On December 29th, Ukrainian President Volodymyr Zelenskyy stated that the establishment of a demilitarized zone along the border between Ukraine and Russia was not yet included in the discussion of the draft ceasefire agreement. Zelenskyy also revealed that the core issue currently under discussion is the establishment of a "free economic zone" in the Donbas region. He added, "There are no specific details yet, but discussions on this issue have begun." Russian Presidential Press Secretary Dmitry Peskov stated that Russia could not comment on the meeting between the US and Ukrainian presidents at this time, and that Russian President Vladimir Putin would not hold a direct telephone conversation with Ukrainian President Zelenskyy. Peskov stated that Russia demands the withdrawal of Ukrainian armed forces from the Donbas administrative border area as a precondition for a ceasefire.
