-- Hoshine Silicon Industry (SHA:603260) agreed to sell all its equity in Hangzhou Zhongchuang Zhixin Microelectronics for 479.3 million yuan to related parties Ningbo Lanxing Electronics and Ningbo Qianyu Microelectronics.
The sale will allow the company to focus on its core business, optimize its industrial structure and boost core competitiveness, according to a Tuesday filing with the Shanghai bourse.
The buyers are indirectly controlled by Hoshine Group.
UBS on Monday downgraded Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA.MC) to a neutral rating from buy and reduced its price target to 20.50 euros from 22.30 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Barclays on Monday upgraded Swiss bank UBS Group (UBSG.SW) to equal weight from underweight and increased its price target to 34 francs from 33 francs.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Riyad Capital on Sunday downgraded Saudi oil and gas drilling company Ades Holding (SASE:2382) to neutral from buy, while keeping its price target at 21 Saudi riyals.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)