-- Meat delivery company DSM Fresh Foods (BOM:544568) has incorporated a subsidiary named 'Varuna Aquatech', in which it holds a 71% stake, according to a BSE filing on Tuesday.
The new subsidiary has been formed to engage in aquaculture, fisheries, processing, trading, export, and allied activities.
The company's shares were up nearly 3% in recent trade.
Star Asia Investment (TYO:3468) completed the redemption of all preferred equity securities it held in a real estate-backed structure, with proceeds expected to generate a gain, according to a Tuesday filing on the Tokyo Stock Exchange.The real estate investment trust said it redeemed the securities on April 28 and expects to record a gain of about 151 million yen for the fiscal period ending July 2026. It will also receive dividends related to the securities.The preferred equity securities, acquired in June 2023 for about 1.56 billion yen, were linked to a structure holding the HAKUSAN HOUSE property.
SMS Co (TYO:2175) will amend the exercise conditions for its paid-in stock options to exclude the impact of reduced amortization expenses following an impairment loss, according to a Tuesday filing on the Tokyo Stock Exchange.The changes apply to the company's 20th and 21st stock acquisition rights, which carry performance-based conditions tied to adjusted operating income for fiscal 2027 and fiscal 2028, respectively.SMS said it expects amortization expenses tied to intangible assets to decline by about 1.5 billion yen annually from fiscal 2027 after recognizing an impairment loss in its overseas business for the fiscal year ended March 2026.
Luoyang Shenglong Mining's (SHE:001257) attributable profit rose 17% to 883.9 million yuan in 2025 from 756.8 million yuan in 2024, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the molybdenum mining company increased 17% to 0.5453 yuan from 0.4669 yuan in the previous year.Operating revenue grew 22% year over year to 3.50 billion yuan from 2.86 billion yuan.