Huayu Expressway Group (HKG:1823) agreed to purchase Sunmand for HK$4 million, according to a Sunday filing with the Hong Kong bourse.
Sunmand, a Hong Kong-based entity, holds a valid license to conduct foreign exchange services but is yet to commence business operations.
Huayu Expressway said the acquisition will help the company enter a new business line and diversify its revenue stream.
Vietnam-based Gene Solutions is preparing to go public in Hong Kong to raise about $100 million, Bloomberg reported Monday, citing the diagnostic startup's chief executive.The initial public offering is targeted for the second to third quarter of 2027, with a planned valuation of around $800 million, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Mitsubishi Motors (TYO:7211) said that its all-new cross-country SUV will revive the iconic Pajero name, marking the model's return to global markets five years after its discontinuation in 2021, according to a statement on Friday.First launched in 1982 and known for blending off-road capability with passenger car comfort, the Pajero has sold over 3.25 million units across more than 170 countries.The upcoming model, set for a world premiere in autumn, is built on the ladder frame of the Triton pickup truck but features model-specific cabin and suspension development for a refined yet capable ride.
Raiz Invest (ASX:RZI) said Chief Executive Officer and Managing Director Brendan Malone will step down from his role and go on a gardening leave until May 29, 2027, according to a Monday filing with the Australian bourse.The company said Craig Keary will become CEO, effective immediately, and will work with Malone during a one-month transition period. Keary was most recently the CEO of Keyview Financial Group.Raiz Invest shares fell 1% in recent Monday trade.