Angel One (NSE:ANGELONE, BOM:543235) said Hemen Bhatia has resigned as chief executive officer of its asset management business, according to an Indian bourse filing on Tuesday.
Shares of the company fell nearly 1% in Wednesday's trade.
The resignation will be effective June 18, the filing said.
Xiaocaiyuan International (HKG:0999) said it plans to buy back up to 1.5% of its totaled issued shares from the open market, according to a Tuesday filing with the Hong Kong bourse.The restaurant operator's shares gained nearly 2% in midday trade Wednesday.The firm will use internal funds to buyback up to 17.6 million shares from the market, it said.
Huicheng International (HKG:1146) said it agreed to issue 100 million shares to Zhang Kailun, the daughter of its chairman and chief executive Zhang Yongli, according to a Tuesday filing with the Hong Kong bourse.The apparel maker's shares were up nearly 8% in recent trade.The shares, which represent 2.82% of the company's enlarged share capital, will be issued at HK$0.10 each or HK$10 million in total.Zhang and parties acting in concert with the subscriber held 48.48% of the company's issued share capital before the subscription. The sale will bump their ownership to 49.94% and the firm has applied with Hong Kong authorities for a waiver from making a takeover bid for the business.The share sale will help replenish the company's cash resources in light of the continued underperformance of the business.
AXISCADES Aerospace & Technologies, a wholly-owned subsidiary of AXISCADES Technologies (NSE:AXISCADES, BOM:532395), has secured an order worth 69 million Indian rupees from the Research & Development Establishment (Engineers), according to a Wednesday filing to the Indian stock exchanges.Research & Development Establishment (Engineers) comes under the Defence Research and Development Organisation (DRDO), Ministry of Defence, India.The contract is for the manufacturing and supply of a mobile mast system, including the manufacturing, integration, qualification testing, documentation, and delivery.If successfully completed, the mobile mast could be deployed in other air defense systems across the country.