Electronics manufacturer LiComm (KOSDAQ:388790) secured an order for optical communication network equipment from Fujitsu (TYO:6702) subsidiary and telecommunications and network solutions firm 1Finity, according to a Thursday filing with the Korea Exchange.
The contract, valued at 3.87 billion won, is valid till Dec. 6, 2027.
Shares of LiComm jumped nearly 30% in recent trade, while those of Fujitsu fell nearly 3%.
Guoco Group (HKG:0053) agreed to set up a joint venture with real estate firms, Intrepid and TIDR, to develop a residential project in Singapore's Lentor Central, according to a Wednesday filing with the Hong Kong bourse.The project, which involves a property acquired for HK$4.03 billion via tender, spans 15,925.8 square meters and could potentially yield 562 residential units,Guoco will acquire a 50% interest in the joint venture, Intrepid will own 40%, while TIDR will take the remaining 10%.The partners will contribute HK$1.45 billion to the venture in proportion to their ownership of the JV. In Guoco's case, the capital contribution will amount to HK$724.4 million, comprising HK$165.4 million in share capital and HK$559 million in loans.A further HK$3.89 billion was arranged to finance part of the property's acquisition cost and the project's future construction costs and working capital.Guoco also agreed to provide project management and services to the project under a separate agreement that would expire on June 2, 2029.Intrepid and TIDR are associated with Guoco through its substantial shareholder Hong Leong Investment Holdings.
Myson Century (TWO:5314) and Great Computer's joint tender offer for shares of Tien Liang BioTech expired on Wednesday, after the number of shares tendered exceeded the required threshold, according to a Thursday Taiwan Exchange filing.The offer, which ran from May 15 to June 3, received tenders for 17.3 million shares, of which 17.3 million shares will be acquired at NT$32.7 per share.Payments to participating shareholders are scheduled to be completed by June 10, it said.
Jinko Solar (SHA:688223) agreed to supply power to a Chinese local government's 24.5 billion yuan data center in the Ningxia Hui Autonomous Region, Nikkei Asia reported Thursday.The solar manufacturer signed a deal with Zhongwei's authorities to operate power plants installed with its solar panels for the data center, according to the media outlet.The data center, which will have a capacity of 1 gigawatt, is expected to start construction this year and be completed in 2028, the report said.Jinko is yet to respond to' request for comment.(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.)