Infore Environment Technology (SHE:000967) said the combined holdings of Ningbo Infore, Infore Group and actual controller He Jianfeng declined to 38.82% from 40%.
Ningbo Infore reduced its stake by 21 million shares, or a 0.63% stake, via centralized bidding, while convertible bond conversions caused passive dilution of 0.55%, according to a Tuesday filing with the Shenzhen bourse.
Shares of the environmental machinery manufacturer closed 9% lower Tuesday.
DyDo Group (TYO:2590) returned to profitability, reporting attributable profit of 110 million yen for the fiscal first quarter compared with a loss of 2.85 billion yen a year earlier.The company's basic earnings per share stood at 3.49 yen versus a loss per share of 90.04 yen a year ago, according to a Tokyo bourse filing on Tuesday.Net sales rose 4.3% to 55.2 billion yen for the three months ended April, from nearly 53 billion yen in the prior year period.In a separate disclosure, DyDo said during the quarter, it recorded a 1.16 billion yen loss on net monetary position as a non-operating expense, driven by hyperinflationary accounting adjustments under IAS 29 at its Turkish subsidiary.This loss resulted from monetary assets significantly exceeding monetary liabilities in Turkey, where cumulative inflation has exceeded 100% over the past three years.For the fiscal year ending January 2027, the company expects attributable profit of 5 billion yen, earnings per share of 157.73 yen, and net sales of 246.8 billion yen.DyDo plans to pay interim and year-end dividends of 15 yen per share, each for the current fiscal year, unchanged from the amount paid in the prior year period.
Indonesian lawmakers are looking into making revisions to multiple state finance laws under an omnibus bill, Reuters reported Monday, citing Mukhamad Misbakhun, head of the parliamentary financial commission.The revision bill will reportedly be drafted to shift the management of state investments to sovereign wealth fund Danantara, from the finance minister previously, Misbakhun said.As part of the move, dividends from state-owned firms may be redirected to Danantara instead of into the national budget, according to the report.Fiscal deficit limits will not be the target of the revisions, according to the report citing the lawmaker. "We are not heading into that situation yet," he said.Indonesia's parliament will finish modifications to the financial system law before starting work on the omnibus bill, according to the report.(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.)
Goodluck India (NSE:GOODLUCK, BOM:530655) recorded an increase in its consolidated attributable net profit to 545.5 million Indian rupees in the fiscal fourth quarter ended March 31, from 419.4 million rupees a year ago.Earnings per share climbed to 18.20 rupees from 13.21 rupees a year earlier, according to a Tuesday filing with the Indian bourses.Total income from operations in fiscal Q4 slipped year on year to 10.9 billion rupees from 11.0 billion rupees, the filing said.The company recommended a final dividend of 3 rupees per share for the fiscal year ended March 31.Shares of the company fell over 6% in recent trade.