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Broken Hill Gold Completes Demerger of North Queensland Assets to Manda Resources

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Broken Hill Gold (ASX:BH6) has completed the strategic demerger of its North Queensland exploration assets to Manda Resources, comprising the Alice River gold project and St George gold-antimony projects, according to a Tuesday Australian bourse filing.

Manda has also acquired Territory Minerals, bringing four North Queensland gold projects into its portfolio, and appointed Tara French as chief executive, per the filing.

The company shareholders are expected to receive Manda shares through an in-specie distribution, subject to shareholder and regulatory approvals, with Manda targeting Australian Securities Exchange admission in mid-December, the filing said.

The distribution is expected to be subject to a mandatory 12-month escrow period, while promoter and related-party holdings will be locked in for 24 months, the filing added.

What else is happening in Asia?

Asia

Market Chatter: SoftBank Launches $11 Billion Bond Sale to Fund OpenAI Investment

SoftBank Group (TYO:9984) has launched $10 billion and 1 billion euros in senior unsecured notes to fund its investment in OpenAI, Reuters reported Monday, citing a term sheet.The dollar-denominated tranches mature in 3.5, 5.5, and 7.5 years, while the euro portions mature in four and six years, the newswire said.The proceeds will finance SoftBank's $10 billion payment for the third tranche of its OpenAI follow-on investment, expected to close on Oct. 1, while the remaining funds will be used for general corporate purposes, the report said.SoftBank Group did not immediately respond to' request for comment.(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.)

TYO:9984
Asia

Shenzhen Transsion's Hong Kong Listing Application Under Review; Shares Up 4%

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SHA:688036
Asia

China Approves Shanghai Rural Commercial Bank's Absorption of Peer

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SHA:601825