Lingyi iTech Guangdong (SHE:002600) provided up to $69 million in guarantees, according to a Friday filing with the Shenzhen bourse.
Subsidiary Triumph Lead Singapore issued a guarantee of up to $30 million to Hang Seng Bank for TLG Investment HK and LY Investment HK. The company also issued a guarantee of up to $39 million to China Merchants Bank for Triumph Lead.
Shares of the artificial intelligence hardware intelligent manufacturing platform operator were down 2% in recent trade.
Aldoro Resources (ASX:ARN) said a maiden hydrometallurgical testwork program conducted on a high-grade composite sample from its Kameelburg project in Namibia extracted rare earth elements and strontium, according to a Friday Australian bourse filing.It confirmed that strontium and rare earth elements can be secured using a conventional hydrochloric acid leach circuit. Strontium extraction of greater than 99% was achieved consistently across all acid leach tests. Up to around 72% total rare earth element extraction was achieved in cumulative leach plus re-leach testwork.Calcium extraction exceeded 94% in all primary leach tests.Its shares rose 3% in recent trading on Friday.
EBR Systems (ASX:EBR) completed the fully underwritten placement and institutional component of its 1-for-2 accelerated non-renounceable entitlement offer of new Chess depositary interests, according to a Friday filing with the Australian bourse.The placement raised roughly AU$64.4 million, comprising AU$29.4 million to be raised under tranche one and AU$35 million to be raised under tranche two, subject to security holder approval, the filing said.The institutional entitlement offer raised gross proceeds of AU$42 million, with a take-up of AU$8.4 million by eligible institutional security holders. The remainder of the institutional entitlements being AU$33.6 million were placed to eligible institutional and sophisticated investors as part of the bookbuild.The retail entitlement offer to raise a further AU$43.6 million will open on June 11, per the filing.Shares fell 18% in morning trade Friday and earlier hit their lowest since July 2008.
Hansol Technics (KRX:004710) said the preliminary issue price for its planned rights offering is 9,350 won, and the final price is expected to be disclosed on July 9, according to a Friday filing with the Korea Exchange.The final issue price will be the lower of the first and second issue prices, the filing said.Shares of Hansol Technics fell more than 6% in recent trade.