Agri-machinery company Escorts Kubota's (NSE:ESCORTS, BOM:500495) total sales grew 18.9% to 12,310 tractors in May against 10,354 tractors sold a year ago, according to a Monday filing to the Indian stock exchanges.
The company's shares were down by nearly 3% in recent trade.
Domestic sales in April rose 22.5% year-on-year to 11,887 units, while exports dropped 35% to 423 units.
Escorts' construction equipment division also jumped 40.2% year-on-year to 450 units from 321 units.
Yageo (TPE:2327) unit KEMET de Mexico approved a cash dividend distribution of 1.12 billion Mexican pesos, according to a Monday Taiwan Exchange filing.The electronic components manufacturer did not disclose any additional conditions or adjustments related to the payout.
Prinx Chengshan Holdings (HKG:1809) unit Prinx Tire (Malaysia) agreed to acquire certain equipment from Qingdao MESNAC Machinery and Electric Engineering for 116.1 million yuan, according to a May 29 Hong Kong bourse filing.Shares of the tire manufacturer were up nearly 3% in Monday afternoon trading.The equipment comprises 55-inch and 48-inch hydraulic curing presses for all-steel tires, as well as an open mixing mill.The purchases will facilitate the firm's construction of a tire production base in Malaysia.
FDB Holdings (HKG:1826) is proposing a one-for-two rights share issue to raise up to around HK$79.1 million in net proceeds, according to a May 29 Hong Kong bourse filing.Shares of the contracting services firm were up nearly 4% in Monday afternoon trading.The firm is looking to issue 799.2 million shares at HK$0.10 apiece to qualifying shareholders under the issue.The company will use proceeds to fulfill the upfront payments and costs related to certain overseas expansion, EPC projects, and setting up overseas offices; as well as for general working capital.