AMTD Idea (SGX:HKB) acquired a 50% stake in The Ritz-Carlton, Perth, Australia, for $72 million, according to a Friday filing with the Singapore Exchange.
The hotel comprises 205 luxury rooms and features a restaurant and lounges, a bar, a spa, an infinity pool, a fitness center, and versatile event spaces, the filing said.
The stake was acquired at a property valuation of $201 million.
The acquisition was completed in collaboration with units, AMTD Digital and The Generation Essentials.
Annica (SGX:JFQ) issued one consolidated share to an entitled shareholder whose existing shareholding was less than 150 shares, according to a Friday filing with the Singapore Exchange.The issuance was part of the investment holding company's share consolidation exercise.
5100 Xizang Glacier's (HKG:1115) bottling subsidiary, Tibet Glacier Mineral Water, has obtained official Malaysian halal certification for some of its water products, according to a Friday filing with the Hong Kong bourse.The three-year certifications cover seven 5100 Tibet Spring Glacier Mineral Water products, the firm said. Following the certification, these products may be marketed as halal in Malaysia.
Austal's (ASX:ASB) earnings are expected to rise in 2027 and 2028, over 2026, driven by a long-term order book, Euroz Hartleys said in a note on Monday.It assumes an over AU$3 billion in revenue at around 8% per annum or over AU$250 million in earnings before interest and taxes (EBIT) for the best part of a decade, once mature and supported by a AU$17.7 billion order book.US shipbuilding and Australian margins only need to be steady on increased activity to increase EBIT, Euroz Hartleys noted.The investment firm retained its buy rating and AU$7.71 per share price target on Austral.