Beijing Oriental Yuhong Waterproof Technology (SHE:002271) plans to invest about 542 million yuan to acquire 55% stakes in Indonesian construction materials companies PT IALK and PT ACUM.
The transaction involves a capital increase and share purchase for PT IALK, which manufactures waterproof coatings, and a direct share purchase for PT ACUM, a sales company, according to a Wednesday filing with the Shenzhen bourse.
Shares of the waterproofing system provider declined 3% in recent trade.
PaXini Technology, a Chinese developer of dexterous robotic hands and humanoid robots, is weighing an initial public offering in Hong Kong, Bloomberg News reported Wednesday, citing people familiar with the matter.The BYD (HKG:1211, SHE:002594)- and JD.com (HKG:9618)-backed company is working with advisers and could submit a listing application in the coming months, according to the report.Key details, including the size and timing of the offering, are still under discussion and have yet to be finalized, Bloomberg said.PaXini raised more than 1 billion yuan in a March funding round, valuing the company at more than 10 billion yuan, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Shui-Mu International's (TPE:8443) board appointed Chairman Lo Jung-Yueh to concurrently serve as president, effective Tuesday, according to a same-day Taiwan Exchange filing.The footwear and lifestyle retailer said the appointment replaces former president Kuo Hsin-Yi.
Hospitality technology company PRISM has received Securities and Exchange Board of India's approval for its proposed initial public offering, Mint reported Tuesday, citing people familiar with the matter.The OYO operator confidentially filed its draft red herring prospectus with SEBI in December 2025 after shareholders approved a plan to raise up to 66.5 billion rupees through a fresh issue of shares, the report said, citing the sources.PRISM is seeking a valuation of about $7 billion to $8 billion for the proposed offering, Mint noted.The company is expected to publicly file an updated draft prospectus by early July, after which the document will be open for public comments, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)