Cs news

GCL, Yunfeng eye Hong Kong market surge to raise HK$6.6 billion for solar, digital-asset plays

GCL, Yunfeng eye Hong Kong market surge to raise HK$6.6 billion for solar, digital-asset plays

GCL Technology, one of China’s largest solar panel raw materials makers, and Yunfeng Financial Group, plan to take advantage of Hong Kong’s sustained stock market recovery to raise HK$6.6 billion (US$848.5 million) to fund their expansion. GCL agreed to sell 4.74 billion shares to Infini Capital Management, a Hong Kong and Abu Dhabi-based firm owned…

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Astroscale anticipates more satellite orders from U.K. and Japan

Astroscale anticipates more satellite orders from U.K. and Japan

Astroscale Holdings expects satellite orders to increase under new space-defense guidelines issued by the U.K. and Japanese defense ministries. The new guidelines by U.K. and Japan, announced in June and July, respectively, could generate “up to double-digit satellite orders,” signaling a stronger pipeline, Chief Financial Officer Nobuhiro Matsuyama said in an interview. The moves are…

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OpenAI hires ex-xAI CFO Mike Liberatore Altman-Musk rivalry escalates

OpenAI hires ex-xAI CFO Mike Liberatore Altman-Musk rivalry escalates

Jakub Porzycki | Nurphoto | Getty Images OpenAI has hired Mike Liberatore, former finance chief at Elon Musk’s xAI, to be the artificial intelligence startup’s business finance officer, responsible for overseeing its massive infrastructure spending. Liberatore, who left xAI in July after just three months on the job, begins Tuesday, a company spokesperson told CNBC….

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