FINWIRES · TerminalLIVE
FINWIRES

Fletcher Building Completes Sale of Construction Division to VINCI Construction

By

Fletcher Building (ASX:FBU, NZE:FBU) said it has completed the sale of its Construction Division to VINCI Construction, the construction arm of the VINCI Group, according to a Friday Australia and New Zealand bourse filing.

The company's shares rose 2% in recent Friday trade.

Related Articles

Asia

International Entertainment's Unit Issues HK$72 Million Hotel Renovation Contract

International Entertainment's (HKG:1009) indirect wholly owned subsidiary, New Coast Leisure, awarded a contract worth about HK$72.2 million for renovation and construction works at New Coast Hotel Manila, according to a Thursday Hong Kong bourse filing.Shares of the hotel and casino operator were down more than 2% in late morning trade on Friday.The contract covers façade lighting, LED screens, exterior glass replacement, landscaping works, and upgrades to guest rooms and common areas, including air-conditioning, electrical, plumbing, and fire-protection systems.The works are expected to be completed by the end of 2026.

$HKG:1009
Asia

CITIC Securities Shareholder to Inject 16 Billion Yuan in Business

CITIC Securities (SHA:600030, HKG:6030) said it agreed to issue 16 billion yuan worth of H shares to its substantial shareholder CITIC Financial Holdings, according to a Thursday filing with the Hong Kong bourse.The financial services company's shares gained nearly 4% in late morning trade Friday.The company will issue 794.06 million H shares at HK$23.13 apiece to raise funds to expand its international business, the firm said.CITIC Financial is the company's largest shareholder with a 19.84% stake in the business.

$HKG:6030$SHA:600030
Asia

Golden Solar New Energy's HBC Solar Cell Project Reaches 28.2% Efficiency; Shares Slip 3%

Golden Solar New Energy Technology (HKG:1121) said the first batch of hybrid passivation back contact (HBC) solar cells produced under a project using its patented technology achieved a certified conversion efficiency of 28.2%, according to a Thursday Hong Kong bourse filing.Shares of the firm were down more than 3% in Friday late morning trade.

$HKG:1121