Pan Merchant falls on ACE Market debut following soft IPO demand
The counter opened at 23.5 sen, marking a 15 per cent decline or 3.5 sen below its IPO price of 27 sen per share. Opening volume stood at 164,600 shares, valuing the industrial filter manufacturer at approximately RM215 million based on its opening price.
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Malay Mail
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Linyi emerges as a powerhouse of China's private economy
LINYI, CHINA - Media OutReach Newswire - 21 August 2025 - Known as China's logistics capital, Linyi has become a development hotspot of the private economy. By the end of June, the city had cultivated over 1.54 million market entities, ranking second in Shandong province, according to statistics from the Linyi Municipal them, there were more than 1.53 million private market entities, accounting for 99.3 percent of the total, contributing over 90 percent of the city's business revenue, industrial tax revenue, and employment for residents. Private investment accounted for 75.9 percent, ranking third in the province, surpassing the provincial average by 14.3 percentage a major gathering for entrepreneurs from across China and abroad, the 2nd Linyi Entrepreneurs Convention was held in Linyi from Aug 18 to 20, with the tagline "choose Shandong, gather in Linyi for win-win future", showcasing the city's vibrant private economy and development potential to the an unprecedented scale, the event featured the release of Shandong top 100 private enterprises list. There were more than 900 attendees including representatives from local enterprises, leading figures of private enterprises, and renowned experts and scholars, gathering in Linyi to express their deep feelings for their hometown and discuss major development plans. It also highlighted new policies to support private businesses, offering both financial incentives and comprehensive is an important birthplace of Dongyi culture, an important part of Shandong culture, with the phoenix serving as its symbolic totem. The event introduced the Phoenix List to recognize and motivate local enterprises, symbolizing advancement and cultural event launched site visits to Linyi's 13 iconic industry value chains, ranging from food processing and modern medicine to agricultural machinery and high-end equipment. Activities like the "Linyi enterprise experience tour" and six matchmaking conferences were organized to foster collaboration along key industry value chains, aiming to boost investment, attract talent, and drive high-quality development in the private economy is the foundation of its development, and its entrepreneurs are the backbone of its growth. The Linyi Entrepreneurs Convention serves as a key platform for private business leaders to exchange ideas and innovate. Starting next year, Linyi will make the conference an annual event, aiming to create a distinctive symbol for the city's private sector, a shared celebration for its entrepreneurs, and a prestigious brand for the #Linyi The issuer is solely responsible for the content of this announcement. About The Linyi Municipal Publicity Department The Linyi Municipal Publicity Department is a key division within the Linyi Municipal Government, dedicated to advancing cultural development and fostering the construction of a spiritual civilization.
Malay Mail
a day ago
- Malay Mail
Known as China's logistics capital, Linyi has become a development hotspot of the private economy, said the Linyi City Government
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New Straits Times
2 days ago
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