• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 3rd, the Shanghai Municipal Commission of Housing and Urban-Rural Development issued a notice regarding the "15th Five-Year Plan for Housing and Urban-Rural Development Management in Shanghai." The plan outlines several key initiatives: steadily and orderly advancing the construction of fundamental systems related to real estate development, financing, and sales; standardizing market order and enhancing the level of the real estate service industry; increasing efforts to cultivate professional and large-scale housing rental enterprises and improving the classified supervision system for housing rentals; accelerating the improvement of the housing supply system, scientifically and rationally determining the scale, spatial layout, and product structure of housing supply in each district, and adding 25-28 million square meters of commercial housing; and by 2030, adding 250,000-270,000 units (rooms) of affordable rental housing and raising over 120,000 beds for the "New Era Urban Builders and Managers Homes." The plan also focuses on various housing consumption scenarios and expands the scope of support for housing rental services.On September 3rd, the Shanghai Municipal Commission of Housing and Urban-Rural Development issued a notice regarding the "15th Five-Year Plan for Housing and Urban-Rural Development Management in Shanghai." The plan aims to accelerate the renovation of urban villages, with the overall renovation projects fully launched and completed by the end of 2026; and the preliminary renovations for these projects to be completed by the end of 2027; the plan also includes the simultaneous implementation of planned improvement projects. Furthermore, it aims to accelerate the renovation of old housing units, striving to complete the renovation of the remaining approximately 20,000 square meters of low-beam, thin-slab housing by the end of 2026; and to basically complete the renovation of non-standard employee housing by the end of 2030. The plan also aims to achieve positive results in the renewal of non-standard lane houses, apartments, and garden residences.On September 3, Jiang Lue, spokesperson for the China Coast Guard, stated that the China Coast Guards Putuoshan naval formation conducted routine law enforcement patrols in the waters east of Taiwan on September 3. Since August, the Putuoshan naval formation has continuously strengthened control over the relevant waters, effectively ensuring normal navigation and operational order, and earnestly safeguarding the legitimate rights and interests, as well as the lives and property of Chinese citizens, including compatriots in Taiwan. The China Coast Guard will continue to strengthen law enforcement patrols in waters under Chinese jurisdiction and resolutely safeguard national territorial sovereignty and maritime rights.On September 3rd, Alibaba Cloud announced the launch of the "Qoder Glasses Edition" on its Qoder AI programming platform, initially integrating with Qianwen AI Glasses and Leqi AI Glasses. In the future, users will be able to control agents anytime, anywhere via voice interaction, without needing to open their phones or touch screens; simply by wearing the glasses.Kioxia: CXL memory module samples will soon be shipped to hyperscale data center operators.

Regulatory Problems Prevented DuPont From Acquiring Rogers For $5.2 Billion

Haiden Holmes

Nov 02, 2022 14:59

19.png


Chemicals producer DuPont (NYSE:DD) De Nemours Inc stated on Tuesday that it was abandoning its $5.2 billion acquisition of Rogers (NYSE:ROG) Corp due to regulatory delays.


During extended trading, Rogers's stock plunged 43%, while DuPont's rose about 6%.


DuPont's all-cash acquisition of the engineering materials producer, announced a year ago, would have been its largest acquisition since splitting from DowDuPont in 2019, as it intended to service quickly developing industries including electric vehicles, 5G, and renewable energy.


DuPont stated that it would pay Rogers a termination fee of $162,5 million.


The companies announced in September that, with the exception of China, they had obtained all necessary regulatory approvals for the merger.