China Rare Earth Resources and Technology's (SHE:000831) attributable profit rose 47% to about 237 million yuan in the first half from 161.7 million yuan in the year-ago period, according to a Saturday filing with the Shenzhen Stock Exchange.
Earnings per share at the rare earth mining and beneficiation company increased to 0.2233 yuan from 0.1524 yuan in the prior-year period.
Operating revenue declined 12% year over year to 1.65 billion yuan from 1.88 billion yuan.
Sarawak Consolidated Industries (KLSE:SCIB) unit SCIB Ecobuild signed a deal with Inland World to jointly develop a residential project in Sabah, Malaysia, with an estimated gross development value of 83.2 million ringgit, according to a Friday Malaysian bourse filing.The project, known as Dimpoukon Residence, will comprise two nine-storey condominium blocks with a total of 144 residential units.Under the deal, SCIB Ecobuild will be responsible for the project's implementation, management and execution, while Inland World will remain the registered and licensed developer.SCIB Ecobuild will be entitled to 80% of the project's net development profit,with Inland World receiving the remaining 20%.SCIB said the project is expected to be completed by February 2029, subject to the fulfilment of conditions and receipt of required approvals.
Energy World (ASX:EWC) agreed with Hallador Energy to extend the scheduled delivery date under its asset purchase agreement announced on May 30, with the deadline for loading equipment for shipment to the US extended to Sept. 4 from Aug. 31, according to a Monday Australian bourse filing.The company's shares fell past 3% in recent Monday trade.
MN Holdings (KLSE:MNHLDG) said a memorandum of understanding between its wholly-owned subsidiary MN Power Transmission (MNPTSB) and China State Construction Engineering has expired upon completion of its term on Aug. 6, according to a Friday filing to the Malaysian stock exchange.The MoU, which came into effect on Aug. 7, 2024, for a term of two years, was aimed at collaboration in procuring, developing, and undertaking any proposed projects, especially in the power industry.Under the pact, the two companies would target customers in the data center, solar, and independent power plant sectors throughout Malaysia. The deal also aimed to expand the companies in other ASEAN countries.The company's shares were up nearly 1% in recent trade.