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The company plans to list the IPO on the New York Stock Exchange or Nasdaq Global Market under the symbol OCFT.

The company, valued at about .5 billion at the time, had discussed a merger with Meituan, one of Tencent's largest investments in the market.

The company said on Wednesday it had moved a vessel closer to a possible search area. The vessel left Durban, South Africa, on Tuesday and was headed to Perth, Australia, Reuters shipping data showed.

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The company signed a partnership contract with the Kenya PET Recycling Company (PETCO), a voluntary and independent not-for-profit organization established to regulate the management of post-consumer PET packaging in the country.

The company said no confirmed cases have been detected at the bottling units of its Pepsi Cola and production is continuing. At the same time, the company reiterated that its snacks are safe as the possibility of survival of viruses during its snack processing under ultrahigh temperature and the ensuing supply chain is close to zero.

The company's shares fell by 0.49 percent on Thursday on the Shanghai Stock Exchange.

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The company said that the photos were uploaded by users and it failed to supervise this.

The concentration of PM10, particles smaller than 10 microns, will be monitored since they are the major pollutants generated during construction, Li Hongyan with the Hebei Provincial Bureau of Ecology and Environment said on Thursday at a press conference.

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The company is still working on the terms of the spinoff proposal, whose offering size, price range and entitlement of Tencent Music Entertainment's securities for the company's shareholders are yet to be finalized.

The company said it had completed 55 percent of the construction work conducted by TBM for Heyan Road Yangtze River Express in Nanjing, Jiangsu province, by last week. The project is expected to be operational in the first half of 2021.