HKC (SHE:001399) filed for the initial public offering of 729.8 million shares on the main board of the Shenzhen Stock Exchange.
Proceeds will fund initiatives to accelerate new technology development and expand production capacity in next-generation display technologies as well as boost capital and repay loans, according to a Thursday prospectus on the Shenzhen bourse.
The expected offering date is on June 12.
The technology company specializes in semiconductor displays.
Singapore's Commercial Affairs Department on Wednesday charged two serving Singapore Kitchen Equipment (SGX:5WG) seniors, including the company's chief executive and former finance chief, with multiple offenses in court.The department, which investigates white collar crime, alleged the company's chief executive Chua Chwee Choo, senior manager Koh Sai Eng, and former chief financial officer Chow Mei Ling made false representations to Singapore Kitchen's auditor BDO LLP between February and March 2021 in relation to bonuses paid by Q'son Kitchen Equipment, the company's main operating subsidiary.Specifically, the trio allegedly falsified more than 100 payment vouchers belonging to QKE to purport that the bonuses were paid in January 2020, even when they weren't.Chow was further charged with omitting certain payments totaling SG$1.4 million in prior years, resulting in the company making false statements about its profitability.Meanwhile, Singapore Kitchen said both Chua and Koh were on bail and were scheduled to appear in court on July 1.The firm also said that both employees would continue serving in their respective positions pending further developments in the matter.
Maritana Minerals (ASX:MRT) appointed Elizabeth Jones as chief operating officer, effective Aug. 26, according to a Thursday Australian bourse filing.Jones most recently served as general manager of Ramelius Resources (ASX:RMS), the filing added.Maritana Minerals' shares fell around 1% in Thursday trading, while Ramelius Resources declined 3%.
Austral Resources (ASX:AR1) said all major workstreams for the refurbishment and restart of its Rocklands Copper Project in Queensland are progressing in accordance with its planned schedule and budget, according to a Thursday Australian bourse filing.The company said an unused 4.75-megawatt SAG mill was secured and purchased, with delivery to the site planned by late July, while existing ball milling, flotation, and concentrate handling infrastructure were confirmed suitable for the planned 3 million tonne per year processing capacity.GR Engineering Services (ASX:GNG) was appointed to complete engineering design and construction of front-end modifications, with front-end engineering design on track for completion in July, the filing added.A metallurgical test work program is advancing using confirmatory drill core from Rocklands, while a western operations mining campaign is underway at Flying Horse and Mt Clarke, initially providing oxide feed to Mt Kelly while exposing future sulphide feed for Rocklands, it added.The company's shares fell 4% in recent Thursday trade.