Infratil (ASX:IFT, NZE:IFT) said its capital bond offer closed after it allocated AU$200 million of unsecured, subordinated, repayable, cumulative, interest-bearing capital bonds maturing on June 15, 2057, including AU$50 million of oversubscriptions, according to a Friday Australian bourse filing.
The margin for the bonds was set at 1.6% per annum. The bonds are expected to be issued on June 15 and quoted on the NZX Debt Market on June 16.
Rajesh Exports (NSE:RAJESHEXPO, BOM:531500) on Thursday denied claims it overstated its revenue after India's securities regulator alleged the gold retailer inflated its sales figures.The firm misrepresented about 15.2 trillion rupees in revenue, representing nearly all of its sales from subsidiaries over the five fiscal years through March 2025, the Securities and Exchange Board of India said in its order on Wednesday.Rajesh Exports denied the allegation, noting that revenues declared by the company were correct and that it did not overstate its revenue."There seems to be some type of communication gap and confusion between SEBI and the company," Rajesh Exports said in its statement.The firm said it was in the process of submitting authenticated documents to dispel the allegations.Rajesh Exports' shares closed 5% lower on Thursday.
Lung Fung Group's (HKG:2290) shares opened 17% below their initial public offering price in a tepid Hong Kong debut on Friday morning.The Hong Kong-based beauty, health, and pharmaceutical products retailer opened at HK$4.32 per share, compared with the offer price of HK$5.18.
Gulf Development plans to invest up to 140 billion baht over the next five years to expand data centers and digital infrastructure to meet growing demand for artificial intelligence and cloud computing, Bloomberg News reported Thursday, citing Chief Financial Officer Yupapin Wangviwat.Thailand's largest power producer aims to add up to 2,000 megawatts of data center capacity during the period, according to the report.The company and its partners currently operate facilities with a combined capacity of about 200 megawatts, Bloomberg added.(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.)