Innomentry (KOSDAQ:A302430) secured a contract to supply secondary battery inspection equipment to a US buyer worth 5.3 billion won, according to a Monday filing with the Korean Exchange.
The payment terms are structured in three milestones which includes a 30% advance payment within 25 days of the order.
India's state-owned refiners have kept aviation turbine fuel prices unchanged for domestic flights for June after airlines sought a pause in further increases amid pressure from the Iran conflict, Bloomberg News reported Monday, citing company spokespersons.The domestic jet fuel price in New Delhi remains at 104,927 rupees per kiloliter, the report noted. The refiners have also reduced fuel prices for international flights, although details of the cut were not disclosed, according to the report.The airlines had asked refiners, including Indian Oil Corp. (NSE:IOC, BOM:530965) and Bharat Petroleum Corp. (NSE:BPCL, BOM:500547), to avoid price hikes for domestic flights until end of the U.S.-Iran war, after an 8.6% increase in April, citing pressure on travel demand and higher costs, Bloomberg reported.(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.)
Beach Energy's (ASX:BPT) sale of its 60% stake in the Artisan gas field offshore the Otway Basin in Victoria is a "sensible divestment" and a "rare win-win" deal, Euroz Hartleys said in a Monday note.Beach Energy agreed to sell a 50% interest in the gas field to Amplitude Energy (ASX:AEL) and a 10% interest to O.G. Energy to align both acquirers' overall interest at 50% each.The company also said the La Bella-2 development well will not be drilled, and forecast more than AU$500 million of capital expenditure savings as a result of not pursuing developments at Artisan and La Bella.Amplitude Energy's involvement eliminates the risk of exploration outcomes resulting in the need for expensive carbon dioxide processing capability, while Beach Energy retains future exposure to production through a royalty, Euroz Hartleys said.Given Beach Energy's AU$974 million of liquidity at the close of the fiscal third quarter, the deal provides pro-forma liquidity in excess of AU$1 billion, positioning the company well to pursue inorganic growth of scale in the near-term, the equity research firm said.Euroz Hartleys maintained a hold recommendation on Beach Energy while lowering the price target to AU$1.12 per share from AU$1.15 based on an updated sum-of-the-parts valuation.
Jiamei Food Packaging Chuzhou (SHE:002969) shares on Monday halted trading following the expiration of a partial tender offer by Suzhou Zhuyue Hongzhi Technology Development Partnership.The stock will resume trading or remain halted based on the results of the tender offer, according to a weekend filing with the Shenzhen bourse.