Environmental Clean Technologies Says Acquisition Target Unit Secures Sublicense for MXenes for Defense End-Use

Environmental Clean Technologies (ASX:ECT) said a wholly-owned unit of its acquisition target Xenica secured a sublicense with MXene Inc., allowing the unit to produce, use, or sell two-dimensional advanced materials, MXenes, for military applications and defense-related end-use, according to a Monday Australian bourse filing.

The acquisition is expected to complete on or around Oct. 22.

Xenica holds an exclusive license from Rice University to use flash joule heating to produce MXenes and two-dimensional amorphous carbon.

What else is happening in Asia?

Asia2d ago

Shui On Land's 20%-Owned Company to Sell China Property

Shui On Land (HKG:0272) said a company in which it holds a 19.8% stake agreed to sell a property in China to Chongqing Shengjuge Real Estate Agency for 201 million yuan.Chongqing Shui On Tiandi Real Estate Development expects the sale of the commercial site with a gross floor area of 31,287 square meters to support its resource allocation and cash flow, according to a Tuesday filing in Hong Kong.

HKG:0272

Asia2d ago

Lisi Group Unit Renews Lease for Factory, Office Property in China

Lisi Group (HKG:0526) unit Ningbo Lisi Household Products renewed the lease of a factory space and office property in China ahead of its Sept. 30 expiry.The new lease agreement signed with lessor Da Mei (Ningbo) New Materials will be effective for three years starting Oct. 1, 2026, and ending Sept. 30, 2029.

HKG:0526

Asia2d ago

Hunlicar Group Names Acting Chair

Hunlicar Group (HKG:3638) named CEO Chan Wing Sum as its acting chairman effective Friday, according to a same-day bourse filing.

HKG:3638