Core Viewpoint - Daon Group has officially acquired the modified chemical plant of Hoheng Chemical (Vietnam) under Hoheng Group, marking its expansion into the Southeast Asian market after Russia and Singapore [1] Group 1: Acquisition Details - The acquisition involves a complex operation including business separation, equity transfer, and additional asset purchases [1] - The target company, established through the separation of the plastic and engineering plastic compound business, will be fully owned by Daon Polymer Materials (Singapore) Investment Co., Ltd. [2] - The total purchase price for the target equity is approximately $15.737 million, with the target company's net assets projected to be $11.5723 million by June 30, 2025 [2] Group 2: Strategic Rationale - The acquisition allows Daon to localize supply for important clients who have manufacturing bases in Vietnam, significantly reducing cross-border logistics costs and delivery times [1] - The vibrant Vietnamese market, along with local incentives, supports Daon's long-term international development and broader market penetration in Southeast Asia [1]

Core Viewpoint - The chairman of the Beijing Stock Exchange emphasizes the importance of enhancing cooperation with market institutions and financial entities to improve the internationalization of the market [1] Group 1: Market Cooperation - The Beijing Stock Exchange aims to strengthen positive incentives for securities and fund companies participating in its market [1] - There is a focus on deepening collaboration with banks and other financial institutions [1] Group 2: Internationalization Efforts - The exchange plans to gradually explore and improve external cooperation in areas such as enterprises, investors, and products [1] - The goal is to steadily enhance the degree of market internationalization [1]

Core Viewpoint - The chairman of the Beijing Stock Exchange emphasizes the importance of enhancing cooperation with market institutions and financial entities to improve the internationalization of the market [1] Group 1: Market Cooperation - The Beijing Stock Exchange aims to strengthen positive incentives for securities and fund companies participating in its market [1] - There is a focus on deepening collaboration with banks and other financial institutions [1] Group 2: Internationalization Efforts - The exchange plans to gradually explore and improve external cooperation in areas such as enterprises, investors, and products [1] - The goal is to steadily enhance the degree of market internationalization [1]