HUB24 (ASX:HUB) said Commonwealth Bank of Australia (ASX:CBA) became a substantial holder of the firm on Thursday, with a total voting power of 5.02%, according to a Friday Australian bourse filing.
The bank and its associates held a total of 4.1 million of its fully paid ordinary shares.
IDP Education (ASX:IEL) was downgraded due to weak visa volumes, a stronger Australian dollar, and a clampdown on international students in Australia, the UK, and Canada, Macquarie said, according to a Friday report by the Australian Financial Review (AFR).Macquarie downgraded its rating on IDP Education to underperform and cut the price target to AU$2.35 per share from AU$2.66 per share.(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.)
Havilah Resources (ASX:HAV) is set to start a regional drill program near the Kalkaroo copper-gold project in South Australia in June, according to a Friday Australian bourse filing.The mining firm carried out necessary preparatory work for the program, which was delayed due to unseasonally heavy rains in the region.Sandfire Resources (ASX:SFR) is preparing to proceed with the construction of a camp and drill core handling facilities at Kalkaroo. Sandfire will commit a minimum of AU$30 million over two years to fund regional exploration within the broader Curnamona province under the terms of the exploration strategic alliance.Shares of Havilah Resources rose 2% in recent trading on Friday.
NanJing Pharmaceutical (SHA:600713) raised 500 million yuan via the issue of 180-day bonds to replenish working capital and repay bank loans.The bonds carry an issuance rate of 1.33% and mature on Nov. 23, according to a Friday filing with the Shanghai bourse.Industrial Bank served as lead underwriter, with Bank of Nanjing as joint lead underwriter.Shares of the pharmaceutical company rose 2% in recent trade.