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Arm Little Swan's recast, halt in share trade aimed at overcoming sluggish sales

As China implements a new development pattern of "dual circulation," where the domestic and foreign markets can boost each other, with the domestic market as the mainstay, China will see the scale of foreign trade continue to expand, according to Han Wenxiu, an official of the Central Committee for Financial and Economic Affairs.

Apple moved from 17th place last year to No. 6 on the prestigious list — the only tech company to crack the top 10. It recorded annual revenue of 6 billion. Wal-Mart led the way with revenue of 9.2 billion, followed by Exxon Mobil (9.9 billion); Chevron (9 billion); and Phillips 66 (9.6 billion).

Approximately 2.9 billion yuan of the proceeds is proposed to repay the outstanding bank loans of Sanya Atlantis, and the remaining proceeds are for the Group's business development. The Foliday board thinks revitalizing existing assets by issuing the CMBS will help improve the financing structure of the company, effectively expand financing channels, reduce financing costs, enhance financing efficiency, help provide sufficient cash reserves and accelerate the development of the Group, according to the announcement.

Architect: NBBJ.