Link and Motivation (TYO:2170) has received notification that TOKIO and YUUKI plan to purchase shares from existing shareholder Phoenix Co.
Each acquiring firm will purchase 9.55 million shares, giving them each an 8.62% stake, according to a Tokyo bourse filing on Wednesday.
The transaction qualifies as a tender offer under Japan's Financial Instruments and Exchange Act, the comany said.
Both TOKIO and YUUKI intend to hold their stakes long-term as stable investors, the company noted.
Black Bear Minerals (ASX:BKB) received "exceptional" high-grade silver results from drilling at the Shafter project in Texas, according to a Thursday filing with the Australian bourse.Diamond drilling yielded results in the northeast of the project, including 8.8 meters at 307 grams per tonne (g/t) grade of silver, 0.7% lead, 0.8% zinc and 0.1 g/t grade of gold from 259 meters, including 1.4 meters at 958 g/t grade of silver, 2% lead, 1.9% zinc and 0.2 g/t grade of gold, the filing said.Further results were also received from holes outside the foreign mineral resource estimate in the project's southwest, expanding the mineralized footprint, per the filing.Shares rose 8% in morning trade Thursday.
ASMPT (HKG:0522) completed the sale of ASMPT NEXX, a wholly owned subsidiary held through its indirect unit ASMPT USA, to Applied Materials for $120 million, according to a Thursday Hong Kong bourse filing.Following completion of the transaction, ASMPT NEXX has ceased to be a subsidiary of the company and its financial results will no longer be consolidated into ASMPT's financial statements.The chip gear maker said the purchase price was determined through a competitive bidding process, with Applied Materials submitting the highest bid.The company expects to record a net gain of about HK$11 million from the disposal, based on estimated net sale proceeds of $116 million, and adjustments for working capital and indebtedness.
Elixir Energy (ASX:EXR) started the stimulation, completion, and testing phase for its Lorelle-3H appraisal well in ATP2056 within the Taroom Trough in Queensland, according to a Thursday filing with the Australian bourse.The diagnostic fracture injection test will be undertaken at the toe of the horizontal well to measure reservoir pressure of the Tinowon "Dunk" Sandstone and collect other data to support the multi-stage stimulation, the filing said.Work to design an optimal fracture stimulation and production test has largely concluded, with the company completing the contracting, procurement, and preparation for the current phase, per the filing.Shares rose 2% in morning trade on Thursday.