FINWIRES · TerminalLIVE
FINWIRES

Gettop Acoustic Seeks Majority Control of Zhejiang Dijia Precision Technology

By

Gettop Acoustic (SHE:002655) signed a framework agreement to acquire at least a 51% stake in laser processing equipment maker Zhejiang Dijia Precision Technology.

The deal involves a 200-million-yuan capital injection into Zhejiang Dijia and investments of up to 100,000 yuan each into Hangzhou Di Sheng and Hangzhou Di Rong to become their general partner.

The preliminary valuation for Zhejiang Dijia Precision Technology is up to 450 million yuan, a premium of over 535%.

Shares of the electronic components maker closed 2% higher Friday.

Related Articles

Asia

Rio Tinto's Acquisition of Remaining Energy Resources of Australia Shares Approved by Federal Court

Rio Tinto's (ASX:RIO) acquisition of the remaining shares in Energy Resources of Australia (ASX:ERA) has been approved by the Federal Court of Australia, a Friday judgment disclosure by the court showed."Having considered the evidence before me and Zentree's objections (and, to the extent they differ, those of the other objecting shareholders). I am satisfied that the terms set out in the Notice give a fair value for the shares in ERA," the judgment said.Energy Resources of Australia said it will need time to review the judgment and prepare its market response, and the trading halt on its shares will remain in place until the earlier of it releasing a disclosure about the proceedings or the start of trading on June 9, according to a Friday Australian bourse filing.The company's shares fell 2% in recent Friday trade.

$ASX:ERA$ASX:RIO
Asia

Alux Extends KRW12 Billion Loan to Subsidiary iFab

South Korean educational robots and drones manufacturer Alux (KOSDAQ:475580) extended a 12 billion won loan to its subsidiary, iFab, according to a filing with the Korea Exchange on Friday.The loan will be used to acquire shares in other corporations and for business operations, the filing said.The loan period is from June 11, 2026, to June 10, 2027. The loan amount is equivalent to 26.38% of iFab's total equity capital, it said.

$KOSDAQ:475580
Asia

Spark New Zealand Launches Verified Call Feature to Protect NZ Users From Scammers Impersonating Spark

Spark New Zealand (NZE:SPK, ASX:SPK) launched Verified Call, a feature that helps customers identify legitimate Spark calls by displaying the company's name, logo, a verified badge, and reason for calling on the mobile phone screen before picking up, according to a Thursday statement from the company.The company said Verified Call works by sending a notification to the Spark app just before the call connects, allowing Spark's verified branding and call intent to appear on the customer's screen while the phone is ringing and during the call."We're also exploring how this capability could be extended more broadly across other organizations, as part of a wider, coordinated approach to strengthening trust in phone communications," said Ross Dickson, Spark Fraud lead.The company's New Zealand shares rose past 1% in recent Friday trade.

$ASX:SPK$NZE:SPK