FINWIRES · TerminalLIVE
FINWIRES

Hangzhou Greatstar Industrial Seeks Stake in Zhejiang MYbank

By

Hangzhou Greatstar Industrial (SHE:002444) is looking to purchase a total of 1.54% in the equity of Zhejiang MYbank held by Hangzhou Heboshi E-commerce and Wanxiang Sannong for a total of 324.5 million yuan, according to a Monday filing with the Shenzhen bourse.

The company will purchase a 0.86% stake in MYbank held by Heboshi, or equivalent to 56.7 million shares at 181.6 million yuan.

Hangzhou Greatstar will also acquire a 0.68% stake in MYBank from Wanxiang Sannong for about 143 million yuan.

Shares fell 2% during afternoon trading on Monday.

Related Articles

Asia

MetaOptics Receives Revised SGX Notice for Planned Nasdaq Listing

MetaOptics (SGX:9MT) received a revised listing and quotation notice from the SGX-ST for up to 121.3 million new shares to support its proposed listing on the Nasdaq exchange via American Depository Shares, according to a Friday bourse filing.Shares of the metalens producer were up over 1% in Monday trading.The revised notice will cover 102.4 million shares for the main ADS offering, up to 15.4 million shares for an overallotment option, and up to 3.5 million shares for the exercise of warrants.

SGX:9MT
Asia

Innoax Wins KRW3.48 Billion Samsung Life Insurance Front-End System Enhancement Contract

South Korean software company Innoax (KOSDAQ:296640) secured a contract from Samsung SDS (KRX:018260) to enhance the Samsung Life Insurance front-core system, according to a Monday filing with the Korean Exchange.The contract, valued at 3.48 billion won, is valid till Dec. 21, 2027.Shares of Innoax fell nearly 1% in recent trade.

KOSDAQ:296640KRX:018260
Asia

Hong Fok Repurchases Shares

Hong Fok (SGX:H30) bought back 176,800 shares in the open market on Friday for around SG$169,289, according to a same-day after-market filing with the Singapore Exchange.To date, the property investment company has repurchased nearly 5 million shares under its current buyback program.

SGX:H30