Kolon Corp. (KRX:002020) said a subsidiary secured the Gunpo District 3 redevelopment project located in South Korea's Gyeonggi Province, according to a Friday filing with the Korea Exchange.
The project is valued at 164.4 billion won.
Shares of the Korean conglomerate fell 3% in recent trade.
Sino-Ocean (HKG:3377) recorded contracted sales of around 1.63 billion yuan in April, with a gross floor area (GFA) of 116,200 square meters, according to a Thursday Hong Kong bourse filing.The property firm's shares gained over 1% in late morning trade Friday.The property firm's average selling price stood at approximately 14,000 yuan per square meter for the month.For the first four months of the year, contracted sales and GFA reached roughly 4.67 billion yuan and 328,200 square meters, respectively, with an average selling price of 14,200 yuan per square meter.Meanwhile, the firm said it was in talks with creditors to settle amounts overdue by its unit Sino-Ocean Holding Group (China).The firm had 17.37 billion yuan in overdue outstanding borrowings as of April 30.
Ventia Services Group (ASX:VNT, NZE:VNT) has renewed its maintenance services contract with Yarra Valley Water, valued at AU$405 million over nine years, according to a Friday Australian bourse filing.The company said the contract consolidates existing service contracts, sewerage and water network reactive maintenance, and mechanical and electrical planned and reactive maintenance, with Ventia securing the South region under Yarra Valley Water's new two-partner delivery model.The new partnership arrangements will commence in October. Ventia continues to deliver sewage and network maintenance services for Yarra Valley Water since 2015, it added.The company's shares rose 2% in recent Friday trade.
Fuji Offset Plates Manufacturing (SGX:508) signed a binding term sheet with controlling shareholder, Marco Polo Marine (SGX:5LY), for a reverse takeover transaction involving the latter's subsidiaries, Marco Polo Shipyard and MP Marine, according to a Friday filing with the Singapore Exchange.The two subsidiaries own and operate Marco Polo's shipyard business, including the Indonesia-based PT Marcopolo Shipyard.The proposed transaction consideration is up to SG$139 million, including a base consideration of SG$120 million and a deferred consideration of up to SG$19 million, structured as an earn-out payment.The consideration will be satisfied through the allotment and issuance of new shares in Fuji Offset at SG$0.701 per share.Meanwhile, Marco Polo is expected to remain the controlling shareholder of Fuji Offset, with a 74.1% stake. However, the stake could rise to 76.8% following the issuance of deferred consideration shares.Following the completion of the transaction, Fuji Offset will be renamed to MPSE Ltd., subject to shareholder approval, and will serve as Marco Polo's listed platform for its shipyard business.Shares of Fuji Offset surged nearly 21% in Friday trading, while shares of Marco Polo were up over 8%.