(Corrects throughout to remove reference to Manulife US REIT and add Manulife Financial Corp's ticker)
Manulife Financial Corp (HKG:0945) filed for the listing of SG$500 million worth of 2.88% subordinated bonds due 2036 on the Singapore bourse.
The bonds will be listed and quoted in the Bonds Market on June 5, according to a filing with the Singapore Exchange on Thursday.
South Korea's Supreme Court ruled on a 35-year prison sentence for a former employee of BNK Financial Group (KRX:138930) subsidiary Kyongnam Bank, who had been charged with embezzlement under the Act on the Aggravated Punishment of Specific Economic Crimes.The ruling came after the court dismissed the defendant Lee OO's appeal on May 22, which confirmed the Seoul High Court's decision on Lee's remand, issued on Jan. 22.The former general manager was also ordered to pay an additional fine of 4.98 billion won, according to a Thursday filing with the Korea Exchange.Shares of BNK Financial Group rose nearly 1% at market close.
Indian benchmark indices finished marginally higher on Thursday after another range-bound session, as investors remained cautious ahead of the central bank's monetary policy announcement.The BSE Sensex rose 13.84 points, or 0.02%, to close at 74,360.01, while the NSE Nifty 50 gained 10.95 points, or 0.1%, to settle at 23,416.55.Trading remained subdued as market participants avoided aggressive positions ahead of the Reserve Bank of India's policy outcome. Weak global cues and elevated crude oil prices also kept sentiment in check.In corporate developments, HFCL (NSE:HFCL, BOM:500183) approved a series of transactions to consolidate its defense and aerospace operations under HFCL Advance Systems. The company plans to invest 892.5 million rupees in the newly formed unit as part of a broader 1.75 billion-rupee funding round and will retain a majority stake upon completion.AstraZeneca Pharma India (NSE:ASTRAZEN, BOM:506820) said its board approved the surrender of its factory license for cancellation, following previously announced plans to exit its manufacturing facility and relinquish its manufacturing license.
Compal Electronics (TPE:2324) is targeting a sharp expansion in its AI server business as it works to lift server revenue to 10% by the end of this year, up from about 5% in the first quarter, CNA reported Wednesday, citing the company's General Manager Bernardo Rohde.He said the company sees opportunity in entering the AI server market later than peers, while sharpening its focus on core customer needs and infrastructure demand, according to the report.Compal also aims to reshape its revenue mix, targeting a 50:50 split between PC and non-PC businesses by 2027, compared with about 65% from PCs and 35% from other segments currently. Non-PC operations include servers, communications and healthcare, with growth supported by rising average selling prices and scaling infrastructure demand.The company is also expanding production capacity across Texas, Taiwan and Vietnam, alongside continued hiring in engineering to support AI server and rack-level system development, CNA added.(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.)