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On December 31, Li Bin, Deputy Director and Spokesperson of the State Administration of Foreign Exchange, answered reporters questions regarding Chinas external debt data as of the end of September 2025. Li Bin stated that my countrys external debt situation remained generally stable in the third quarter of 2025. First, the scale of external debt remained stable with a slight decrease. As of the end of September 2025, my countrys total external debt (including both domestic and foreign currencies) was US$2,368.4 billion, a decrease of 2.8% compared to the end of June 2025. Second, the structure of external debt remained basically stable. In terms of currency structure, domestic currency external debt accounted for 51.9%, a decrease of 0.2 percentage points compared to the end of June 2025; in terms of maturity structure, medium- and long-term external debt accounted for 42.5%, an increase of 0.1 percentage points compared to the end of June 2025. Overall, my countrys external debt scale remained stable with a slight decrease, the currency structure remained basically stable, and the maturity structure was somewhat optimized.On December 31, Qijing Auto officially announced the supplier lineup for its first model, including CATL, Continental, BASF Coatings, Fuyao, Yanfeng, Bosch, Xingyu, and Aumoway.Hong Kong Stock Exchange: Xiaomi Group (01810.HK) repurchased 3.8 million Class B shares for HK$149 million on December 31.On December 31st, ChipLink Integrated stated on its interactive platform that through in-depth cooperation with customers and continuous R&D investment, the company has achieved several breakthroughs in the field of AI. Among them, the VCSEL light source and scanning mirror for LiDAR used in robots have achieved mass production; and the miniaturized drive module for robot dexterity hands has been selected by leading domestic companies.On December 31st, the Ministry of Industry and Information Technology released data showing that from January to November, my countrys large-scale internet and related service enterprises achieved internet business revenue of 1.8034 trillion yuan, a year-on-year increase of 1%, with the growth rate falling by 0.1 percentage points compared to January-October. From January to November, the total profits of my countrys large-scale internet enterprises reached 137.8 billion yuan, a year-on-year decrease of 11.7%, with the decline widening by 0.8 percentage points compared to January-October. From January to November, my countrys large-scale internet enterprises invested a total of 95.74 billion yuan in R&D, a year-on-year increase of 6.7%, with the growth rate falling by 0.4 percentage points compared to January-October.

After A Record Loss, Star Entertainment Raises $545 Million And Suspends Dividends

Skylar Williams

Feb 23, 2023 13:54

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Star Entertainment Group Ltd. announced that it would raise A$800 million ($545 million) to repay debt and suspend dividend payments, as it reported a record statutory loss for the first half of the year due to challenging business conditions in Sydney.


Star, Australia's second-largest casino operator, has seen its profits eroded by regulatory restrictions on its Sydney operations beginning in mid-September and intense competition from larger competitor Crown Resort, which began operations in Sydney in August.


The capital raising, which consists of a A$685 million 3-for-5 rights offer and a A$115 million institutional placement, will enable Star to repay debt and increase liquidity, the company announced Thursday. End of 2022, it had a net debt of A$1.11 billion.


Capital-raising shares are being sold at $1.20 each, which is 21% below Star's most recent closing price of $1.50.


Star stated that major shareholders Chow Tai Fook Enterprises and Far East Consortium have exercised their rights and committed $80 million to the capital raise.


Star reported a record statutory net loss after tax of A$1.26 billion for the six months ended December 31, compared to a loss of A$74,2 million a year earlier.


Star had previously warned of an impairment charge of up to A$1.6 billion in the first half as a result of a proposal by the New South Wales government to increase taxes on casino poker machine operators. Sydney is the state's capital.


Tax resolution with the New South Wales government remains the most important catalyst for investors, according to Jefferies analysts.


In the first half, the casino operator wrote down the goodwill of its Sydney casino from A$851 million to zero.


In an effort to reduce its debt, the company announced it would suspend dividend payments, and its casino licences were in full operation.


The company posted a normalised nett profit after taxes of $43,6 million, compared to A$73,7 million in losses in the prior year.


Thursday is a trading suspension for Star shares while the capital raise is in progress.