FleetPartners Group Receives Non-Binding, Conditional Offer From SG Fleet

FleetPartners Group (ASX:FPR) received an unsolicited, indicative, non-binding, and conditional offer from SG Fleet Topco to acquire all of the outstanding shares in the company through a scheme of arrangement at AU$3.60 apiece, according to a Monday filing with the Australian bourse.

The proposal is subject to the completion of due diligence, entry into a scheme implementation agreement, and regulatory approvals, among other conditions.

The board is reviewing the proposal and advised shareholders that no action is needed right now, the filing said.

What else is happening in Asia?

Asia47d ago

HD-Hyundai Marine Engine Enters KRW47.5 Billion Sales Contract

HD-Hyundai Marine Engine (KRX:071970) entered into a sales/supply contract worth 47.5 billion won with XIAMEN XMXYG SHIPBUILDING TRADING.The agreement became effective Friday and will expire Aug. 23, 2029.

KRX:071970

Asia47d ago

MediaTek's Consolidated Net Income Falls 12% in Q2

MediaTek's (TPE:2454) consolidated net income in the second quarter fell 12% year on year to NT$24.6 billion.Earnings per share in the quarter ended June 30 slipped to NT$15.28 from NT$17.50 a year earlier, according to a Friday filing.Revenue of the chip supplier in Q2 climbed 1.2% year over year to NT$152.2 billion.The company expects to post a consolidated revenue of around NT$152.2 billion to 159.8 billion in the third quarter.

TPE:2454

Asia47d ago

Xinyi Glass' Profit Climbs 17% in H1

Xinyi Glass (HKG:0868) recorded a 17% rise in attributable profit to 1.19 billion yuan for the first half of 2026 from 1.01 billion yuan a year prior.Earnings per share rose to 0.2672 yuan from 0.2325 previously, according to a Friday Hong Kong bourse filing.Revenue declined 3.1% to 9.52 billion yuan from 9.82 billion yuan in the year-ago period, mainly due to a drop in the average selling prices of float glass products.The glass manufacturing company declared an interim dividend of HK$0.15 per share for the period, payable on or around Sept. 30 to shareholders of record as of Aug. 19.

HKG:0868