China International Development (HKG:0264) agreed to sell its 40% interest in a unit to Nexelon, effectively making it a joint venture, according to a Friday filing with the Hong Kong bourse.
The joint venture is an investment holding vehicle set up by the company to develop artificial intelligence data center businesses in Southeast Asia.
The company said it was selling the interest at a "nominal consideration."
China International will continue to hold 60% of the business following the sale.
Australian Foundation Investment (ASX:AFI, NZE:AFI) repurchased 303,000 of its ordinary shares for nearly AU$2 million, as part of an on-market buyback, according to a Friday filing with the Australian and New Zealand bourses.The company plans to repurchase a total of 111.9 million of its ordinary shares, the filing said.
MotorCycle Holdings (ASX:MTO) said that Chief Financial Officer Nicole Spink will step down, effective May 31, according to a Friday Australian bourse filing.John Wadley has been appointed CFO of the company, effective June 1, the filing said.Wadley most recently served as CFO of IPH (ASX:IPH), the filing added.
Bubs Australia (ASX:BUB) expects fiscal 2026 underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) of about AU$4 million to AU$8 million on revenue of AU$105 million to AU$115 million, according to a Friday filing with the Australian bourse.The company previously forecast fiscal year 2026 underlying EBITDA of AU$6.1 million on net revenue of AU$120 million to AU$125 million, according to a November 2025 filing.The company said it has worked to mitigate the impact of a range of external factors, including a shifting regulatory environment, product availability constraints, the Middle East conflict, and competitive pressures."That has meant carrying additional costs in the short term, but it has also allowed us to move quickly and position the business to meet our growth ambitions," said CEO Joe Coote.