Hana Financial Group's (KRX:086790) Hana Bank will acquire 6.55% of crypto exchange operator Dunamu for 1.003 trillion won, the financial group said in a Friday filing with the Korea Exchange.
The bank will acquire 2.28 million shares in the target on June 15, which are currently held by Kakao (KRX:035720) subsidiary Kakao Investment. The transaction will be settled in cash, the filing said.
Shares of Hana Financial Group fell over 4% in recent trade, while those of Kakao declined more than 2%.
Pitti Engineering's (NSE:PITTIENG, BOM:513519) on Thursday approved capital expenditure of around 2.90 billion rupees for setting up a greenfield casting and machined components facility, according to a same-day filing to the Indian bourses.The company's shares were down nearly 2% in early trade on Friday.The project is expected to be completed in three years and will be funded through a mix of internal accruals and lease finance.After the new unit is commissioned, the company's total combined installed casting capacity, including existing facilities and the planned debottlenecking, will increase to 36,000 MT per annum.On the commissioning of the new facility, the existing Hosakote facility is proposed to be monetized.
Netlink NBN Trust's (SGX:CJLU) distribution per unit or DPU edged up 1.1% during the fiscal second half ended March 31 to SG$0.0271 from SG$0.0268 a year earlier, according to a Thursday filing with the Singapore Exchange.Shares of the trust were down nearly 1% in Friday trading.Distributable income rose to SG$105.6 million from SG$104.4 million.Revenue jumped 2.1% year over year to SG$206.3 million from SG$202.2 million.
Mitsuba (TYO:7280) will implement a partial redemption of its Class D shares issued in June 2024 to streamline its capital structure and improve financial efficiency, according to a Friday filing on the Tokyo Stock Exchange.The company will redeem 10 billion yen in total on a phased basis, with at least 2.5 billion yen each fiscal year from fiscal 2026 onward, targeting early full retirement of the shares. Development Bank of Japan and Bank of Yokohama hold 5 billion yen each.Mitsuba said the shares were issued to support financial stability and growth investment, but stronger-than-expected profitability and cash flow now allow earlier capital repayment.The company said the move will proceed alongside continued investment in mobility-related growth areas and overseas expansion, with no material impact expected on performance.