Bega Cheese (ASX:BGA) received notice that State Street and its subsidiaries became substantial holders of the company on Tuesday, according to a Friday Australian bourse filing.
State Street now owns 15.3 million shares in the company, representing a 5.02% total voting power, the filing said.
WuXi AppTec Co (HKG:2359, SHA:603259) plans to issue 6.78 billion yuan of USD-settled zero-coupon convertible bonds due 2027, according to a Friday Hong Kong bourse filing.The bonds will be convertible into Hong Kong-listed shares at an initial conversion price of HK$153 per share, representing a premium of about 17.6% to the stock's closing price on May 14.Assuming full conversion, the bonds would convert into about 51.1 million new Hong Kong-listed shares, representing roughly 10.02% of the company's existing Hong Kong-listed share capital and about 1.71% of its total issued share capital.Net proceeds of about $1.02 billion will be used for global capacity and capability expansion, with the remainder for general corporate purposes.The bonds are expected to be listed on the Vienna Stock Exchange, subject to regulatory approvals and completion conditions, the filing said.
ClearView Wealth (ASX:CVW) said the Australian Competition and Consumer Commission (ACCC) ruled that the proposed acquisition of all of its shares by Zurich Financial Services Australia through a members' scheme of arrangement may be put into effect, according to a Friday filing with the Australian bourse.Implementation of the scheme, under the scheme implementation deed between Zurich Financial Services and the company, remains subject to other conditions, including Australian Prudential Regulation Authority approval, shareholder approval, and court approval, the filing said.Company directors unanimously recommended that shareholders vote in favor of the scheme in the absence of a superior proposal and subject to the independent expert continuing to conclude that it is in the best interests of shareholders.ClearView Wealth shares rose 2% in morning trade on Friday and earlier reached their highest since September 2022.
Nexon's (TYO:3659) profit attributable to owners of the parent soared 118% to 57.23 billion yen for the first quarter from 26.27 billion yen a year earlier.Shares of the company were down 11% in morning trade Friday.The video game company's earnings per share increased to 72.02 yen from 32.07 yen a year ago, according to a Tokyo bourse filing on Thursday.Revenue jumped 34% to 152.23 billion yen for the three months ended March 31 from 113.93 billion yen in the prior-year period.For the first half, the company expects attributable profit in the range of 73.3 billion to 80.4 billion yen, basic EPS of 92.64 to 101.60 yen, and revenue of 259.2 billion to 271.9 billion yen.Nexon plans to pay interim and year-end dividends of 30.00 yen per share each for the year.