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On December 30th, Xiamen Port Holdings Co., Ltd. announced that it plans to acquire a 70% stake in Xiamen Container Terminal Group Co., Ltd. from Xiamen International Port Holdings Co., Ltd. through a combination of share issuance and cash payment, and will also raise supporting funds by issuing shares to no more than 35 qualified specific investors. The Shenzhen Stock Exchanges Mergers and Acquisitions Review Committee held a meeting on December 29th to review the companys application for this transaction. The meeting concluded that the transaction meets the restructuring conditions and information disclosure requirements.On December 30, the Eastern Theater Command of the Chinese Peoples Liberation Army organized destroyers, frigates, fighter-bombers, and other forces to conduct exercises in relevant waters at both ends of Taiwan Island, including verification and identification, warning and expulsion, simulated strikes, as well as maritime assault, air defense and anti-submarine warfare, testing the sea-air coordination and integrated control capabilities.Integrated Circuits (Chips): 1. Intel completes $5 billion sale of common stock to Nvidia. 2. Lisuan Technology completes first order delivery for its 7G100 series chips. 3. Tianshu Zhixin: Hong Kong IPO plans to issue over 25 million shares priced at HK$144.6. 4. TSMCs 2nm (N2) technology is scheduled to begin mass production in Q4 2025. 5. Reports indicate that Samsung Electronics Taylor wafer fab in the US is accelerating its 2nm deployment, with an initial monthly capacity of 50,000 wafers. 6. SK Hynix plans to build its first 2.5D packaging mass production line at its new plant in Indiana, USA, aiming for production to begin in the second half of 2028. 7. The installation and testing of equipment for Samsung Electronics Pyeongtaek P4 factory project is 2-3 months ahead of schedule. Artificial Intelligence: 1. Zhipu GLM-4.7 tops the global open-source Artificial Analysis list. 2. Zhipu: Hong Kong IPO plans to issue over 37 million shares priced at HK$116.2. 3. Meta acquires Manus for billions of dollars; founder Xiao Hong will become Metas vice president. Other: 1. EHangs VT35 completes its first public flight in Hefei. 2. Chery responds to rumors of cooperation with Dreame: There is no such thing. 3. Israeli Prime Minister Netanyahu discusses cooperation with Tesla with Musk. 4. my countrys first domestically produced commercial 300 MW heavy-duty gas turbine project—Unit 5 of Phase II of Huadian Wangting Power Plant—officially goes into operation. On December 30th, according to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) closed higher on Monday, with the benchmark contract rising 0.1%, mainly reflecting stronger crude oil prices. Traders said that rising international crude oil futures and active arbitrage trading involving buying soybean oil and selling soybean meal supported the rise in soybean oil prices. However, declines in other vegetable oils, such as Malaysian palm oil, limited the upside potential of the soybean oil market.Meta Platforms (META.O): Manus talent will join the team to continue operating and selling Manus services and will integrate Manus services into the product.

Significant Damage to Oreo Manufacturer Mondelez's Ukrainian Cookie Business

Haiden Holmes

Apr 01, 2022 09:59

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According to the firm, no personnel were hurt in the incident, to the best of their knowledge. Mondelez claimed in an emailed statement that the Oreo facility – one of at least two Mondelez facilities in Ukraine, according to workers – was shuttered immediately after the war started. Russia invaded Ukraine more than a month ago in what the Kremlin describes as a "special operation."


This week, the US determined that Ukrainian troops had recaptured Trostyanets from Russia.


Mondelez, which manufactures Milka chocolate and other regionally branded biscuits across Europe, claimed it has been difficult to contact all of its workers due to telecommunications failures in the Trostyanets area. Additionally, the corporation is collaborating with Ukrainian authorities to replenish the region with water and electricity, as well as contributing wheat and sugar to non-governmental groups.


Mondelez said it is too early to determine the plant's next course of action.


Confronted with pressure to leave Russia in March, the Chicago-based snack company announced it would curtail "non-essential activity" in the country while assisting in the maintenance of food supplies. In a message posted on the company's website, CEO Dirk Van de Put criticized the assault and urged an end to the war.


The corporation has come under fire for its decision to continue operating in Russia.