CSG Smart Science & Technology (SHE:300222) agreed to acquire a 70% stake in Zhejiang Jiangshan Yuanguang Electric for 151.2 million yuan.
The amount is based on a valuation of 216 million yuan for 100% equity, with the deal valuing the transformer manufacturer at a 24.49% premium over its 172.7-million-yuan book value.
The company is engaged in industrial automation business and electric power automation business. Its shares were down 3% in recent trade.
Danantara Indonesia is exploring a 2028 IPO for its clean energy arm Daya Energi Bersih Nusantara (Denera), the Jakarta Globe reported Monday.Denera plans to complete 33 waste-processing power projects across Indonesia, which are expected to start generating cash in 2028, Danantara's Chief Investment Officer, Pandu Sjahrir said and the Jakarta Globe reported.The firm can then be taken public by the end of 2028, he added while speaking at the Indonesia Stock Exchange in Jakarta.The projects, valued at an estimated 87 trillion rupiah, will be carried out by creating waste-to-energy facilities in 33 cities, according to the report.The fund currently has 24 shortlisted foreign investors for the project, with the first three tenders reportedly awarded to Chinese firms.(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.)
ExaWizards (TYO:4259) will reorganize its nursing care AI business by consolidating its CareWiz product portfolio under wholly owned subsidiary ExaMD through an intra-group merger and company split, according to a Tuesday filing on the Tokyo Stock Exchange.The restructuring aims to centralize healthcare and nursing care AI operations, streamline development and sales functions, and improve management resource allocation across the group.As part of the transaction, Exa HomeCare will merge into ExaMD effective July 1, with ExaMD surviving the merger and absorbing CareWiz toruto, Exa HomeCare's flagship nursing care product.ExaWizards will also transfer CareWiz takusuto and CareWiz BCP to ExaMD through an absorption-type company split scheduled for July 1.The company said integrating the products under ExaMD will strengthen its AI transformation initiatives across healthcare and nursing care while improving operational agility and profitability by eliminating overlapping functions.
Nomura Research Institute (TYO:4307) will pay a year-end dividend of 42 yen per share for the fiscal year ended March 2026, up from 34 yen a year earlier, according to a Tuesday filing on the Tokyo Stock Exchange.The dividend payment totals 24.124 billion yen and will take effect on May 29. The company's full-year dividend will amount to 77 yen per share, compared with 63 yen in the prior fiscal year, after including an interim dividend of 35 yen per share paid in November 2025.Nomura Research Institute said its dividend policy targets a consolidated payout ratio of 40% while maintaining stable shareholder returns and securing retained earnings for long-term growth.The company said favorable business performance in Japan and the limited cash flow impact from impairment losses supported the higher payout.