-- Karoon Energy (ASX:KAR) received notice that Commonwealth Bank of Australia (ASX:CBA) and its affiliates became a substantial holder of the company on Wednesday, according to a Thursday filing with the Australian bourse.
Commonwealth Bank of Australia now owns 35.9 million shares in the company, representing a 5.03% voting power, the filing said.
Karoon's shares rose past 2% in recent Thursday trade.
Chinese shares were mixed on Thursday amid slower growth in China's manufacturing sector and ahead of the Labor Day holiday.The Shanghai Composite Index, the main gauge of Chinese stocks, ticked up 0.1% to 4,112.16. The Shenzhen Component Index declined 0.1% to 15,107.55.China's manufacturing purchasing managers' index was down 0.1 of a percentage point month on month to 50.3% in April.The production and new orders sub-indices remained above the critical point at 51.5% and 50.6%, respectively. The remaining sub-indices for raw material, employment and supplier delivery time were below the critical points at 49.3%, 48.8% and 49.5%, respectively.Meanwhile, the non-manufacturing business activity index was 49.4%, down 0.7 of a percentage point from March. The composite PMI output index was 50.1%, down 0.4 of a percentage point.In company news, Zhejiang Century Huatong Group (SHE:002602) posted first-quarter attributable net profit of 2.03 billion yuan, up 35% from 1.35 billion yuan the previous year. Shares of the game developer were down 9% Thursday.
Robert De Rothschild, 10% Owner, on April 27, 2026, sold 13,274 shares in PrimeEnergy Resources (PNRG) for $3,074,223. Following the Form 4 filing with the SEC, Rothschild has control over a total of 187,483 common shares of the company, with 187,483 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/56868/000091228226000657/xslF345X05/form4.xml
Glass Lewis issued a controversy alert for Cahya Mata Sarawak (KLSE:CMSB) shareholders ahead of the company's annual general meeting on May 25, according to a recent release.The alert concerns the company's legal dispute with director and former deputy chair Mahmud Abu Bekir Taib, who filed legal proceedings against the company and other board members.The director alleged that he was excluded from board and committee meetings and not allowed to see board minutes and financial information.The company said the exclusion was due to conflicts of interest amid ongoing legal procedures.Glass Lewis said the issue points to internal governance friction and opens doubts on board stability, effectiveness, and oversight.The alert's rationale relates to relevant media coverage and egregious governance practices and falls under board effectiveness and oversight issue.