FINWIRES · TerminalLIVE
FINWIRES

Dexus Requests Trading Halt Ahead of Court Decision

By

Dexus (ASX:DXS) requested a trading halt on the Australian Securities Exchange from Friday, pending a New South Wales Supreme Court decision, according to a same-day filing with the Australian bourse.

The company said the court will deliver judgment in its shareholder dispute with Australia Pacific Airports and that it will need time to review the ruling and prepare a market disclosure, the filing said.

The halt is expected to remain in place until either the disclosure is released or trading opens on June 1, whichever comes first, per the filing.

Related Articles

Asia

Elsight Secures $2 Million Follow-On Purchase Order

Elsight (ASX:ELS) secured a follow-on purchase order worth about $2 million from a US-based commercial customer in the public safety sector, according to a Friday filing with the Australian bourse.The repeat order follows an initial $460,000 purchase order in January and reflects the customer's validation of Elsight's Halo platform, the company said.

$ASX:ELS
Asia

Almonty Industries to Join Large-Cap Russell 1000 Index

Almonty Industries (ASX:AII) is due to join the Large-Cap Russell 1000 index and the Broad-Market Russell 3000 index at the end of this year's index reconstitution process, according to a Friday filing with the Australian bourse.The inclusion is set to become effective at the opening of trading on June 29, the company said, citing a preliminary list of additions posted by FTSE Russell.The June reconstitution of the Russell US indexes captures up to 4,000 of the largest US stocks by market capitalization as of April 30.

$ASX:AII
Asia

China International Development to Sell 40% of Unit

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.

$HKG:0264