Quanzhou Jiadeli Electronics Material (SHA:603435) priced its initial public offering on the Shanghai Stock Exchange, seeking to raise up to 725 million yuan, according to a Shanghai bourse filing on Tuesday.
The company will offer 46 million shares in the IPO.
Quanzhou Jiadeli manufactures biaxially oriented polypropylene or BOPP electrical films.
Fujian Sunner Development's (SHE:002299) sales revenue jumped 25% to 1.92 billion yuan in April, according to a Tuesday filing with the Shenzhen Stock Exchange.Chicken sales revenue grew 15% to 1.34 billion yuan, while that of deep-processed meat products increased 61% to 1 billion yuan.Sales volume of the poultry segment expanded 15% to 136,100 tons, while its deep-processed meat products segment jumped 63% to 51,900 tons.
Westpac Banking (ASX:WBC, NZE:WBC) has informed Australia's Finance Sector Union that it will cut 94 jobs as a result of the decommissioning of its Asgard investment platform, the Australian Financial Review reported Tuesday.The bank has completed the migration of customers from Asgard to BT Panorama in a move that simplifies its structure to one in-house wealth management platform, according to the report.BT Chief Executive Matt Rady reportedly said the company attempted to retain as many employees as possible through training and transfers to different divisions."The current changes relate to BT's head office and operational functions as we reset how we are structured following the Asgard migration, transitioning to an operating model designed for a single platform," Rady was quoted as saying.Westpac did not immediately respond to a request for comment from.(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.)
South West Pinnacle Exploration (NSE:SOUTHWEST, BOM:543986) has secured three work orders worth a total of 226.8 million Indian rupees for exploration, drilling, and related support services, according to a Tuesday filing to the Indian stock exchanges.The company received two letters of award totaling 96.8 million Indian rupees from Odisha Lift Irrigation Corporation for the installation of successful deep borewells for a solar pumping system in Odisha, India.It also got a work order of 130 million rupees from Hindmetal Exploration Services for the exploration, drilling, and support services in the state of Rajasthan.The three projects will be executed in the current financial year.