Estrella Resources (ASX:ESR) Chief Executive Officer Robert Mencel was appointed managing director of the firm in line with its leadership transition program, effective immediately, according to a Friday Australian bourse filing.
Chris Daws will remain with the firm as a nonexecutive director.
WELLNEO SUGAR (TYO:2117) has formally decided to execute an absorption-type merger with its wholly owned subsidiary, Toyo Sugar Refining, according to a filing with the Tokyo bourse on Friday.The transaction is expected to take effect on Oct. 1, with WELLNEO SUGAR becoming the surviving entity.The company counts ITOCHU (TYO:8001) and Sumitomo (TYO:8053) as its major shareholders.
Tianshui Zhongxing Bio-technology (SHE:002772) signed a project investment agreement with Chenggu County government to establish a cordyceps sinensis ecological cultivation facility in Shaanxi, China.The 110-million-yuan project will lease existing industrial park buildings for 15 years with total rent of 94.7 million yuan, according to a Friday filing with the Shenzhen bourse.
Heptamax International (SGX:8A1) secured a contract worth 1.7 million ringgit from a Malaysian manufacturing company, according to a Thursday bourse filing.Shares of the Singaporean industrial solutions company climbed nearly 5% in late afternoon trading on Friday.Under the deal, Heptamax will provide auxiliary work and support services such as equipment supply and rental and site support for the Malaysian firm's robotic painting line project, with payments to be made based on agreed milestones.