FINWIRES · TerminalLIVE
FINWIRES

Bremworth Says Largest Shareholder to Vote Against Floorscape Deal; Shares Dive 16%

By

Bremworth (NZE:BRW) said shareholder David Ferrier and associated investors, who collectively hold a 19.413% stake in the company, have indicated that they intend to vote against the proposed scheme of arrangement with Floorscape, according to a Monday filing with the New Zealand bourse.

The board said it was disappointed that Ferrier opposed the deal before shareholders had received the scheme booklet and independent adviser's report, reiterating its view that the transaction delivers the best value for shareholders, per the filing.

The company added that it is also in talks with Floorscape to extend the scheme implementation agreement following delays to the Commerce Commission's decision, the filing said.

Bremworth's shares tumbled 16% in recent Monday trade.

Related Articles

Asia

Greater Bay Area AI Computing Tech Forecasts 240 Million Yuan in H1 Profit

Greater Bay Area AI Computing Tech (HKG:1396) expects a net profit of at least 240 million yuan in the first half of 2026, driven by strong growth in its AI business.The company bagged over 15 billion yuan in new indicative orders for AI computing cloud services in the first half of 2026, according to a Friday Hong Kong bourse filing.As of June 30, the company fulfilled 2 billion yuan of new AI computing cloud service orders.

HKG:1396
Asia

AEON Stores Unit Leases Shop Units in China

AEON Stores (Hong Kong) (HKG:0984) unit AEON (Guangdong) agreed to lease various shops in Yifa Commercial Centre in Guangdong Province, China, according to a Friday Hong Kong bourse filing.The company will lease the premises for 10 years starting Oct. 31 under an agreement with landlord Guangzhou City Yisheng Commercial Investment and property owner Guangzhou City Yingtai Properties.AEON (Guangdong) will use the premises to operate its retail business, the department store operator said.

HKG:0984
Asia

Guotai Haitong Securities Forecasts Up to 304% Surge in Q2 Profit

Guotai Haitong Securities (HKG:2611, SHA:601211) expects attributable profit of between 13.6 billion yuan and 14.1 billion yuan in the second quarter of 2026, up 290% to 304% from 3.5 billion yuan a year prior.For the first half of 2026, it is expected that attributable profit increased by 27% to 30% to between 20 billion yuan and 20.5 billion yuan from 15.7 billion yuan a year prior.The securities and brokerage company attributed the forecast mainly to a higher revenue from the wealth management, investment banking, institution and transaction, investment management, and other business segments.

HKG:2611SHA:601211