Median Chinese International (KLSE:MEDIAC) has agreed to sell an industrial property in British Columbia, Canada, to Da Xing Investment, for CA$6.9 million, according to a Thursday filing with Bursa Malaysia.
The property served as the newspaper publisher's Canadian media operations office and printing facility and has remained vacant since the company ceased its Canadian media operations.
Net proceeds from the disposal will be used for general working capital purposes.
Komatsu (TYO:6301) looks to increase product supply to North America to meet demand for data center construction amid the AI boon, Nikkei Asia reported Wednesday, citing CFO Hiroshi Hosotani.The company's sales of construction equipment in the region grew 29% year over year, Hosotani said in an interview with the news outlet.The data center market could further grow for another five years, given that building data centers can continue for a long time, the executive said in the interview.The company will also focus on improving inventory levels through optimal production planning to anchor free cash flow, the report cited Hosotani as saying.(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.)
Inner Mongolia Xingye Silver & Tin Mining's (SHE:000426) unit, Xiwuzhumuqin Banner Yinman Mining, resumed operations after being shut down due to an accident that brought one casualty, according to a Shenzhen bourse filing on Thursday.Yinman Mining's production at its mining area and its mineral processing tailings system were temporarily suspended following a work accident during production at the mine's underground Third Mining Area on July 26.The metals miner's shares jumped 4% during the morning trade.
Kafelaku Coffee Holding (HKG:1869) has revised the terms for its private placement offering to raise HK$11.6 million, up from HK$11 million, according to a Wednesday bourse filing.The specialty coffee chain said it will now offer 282.1 million shares at HK$0.041 apiece, up from HK$0.039. The new offer price represents an 18% discount to the stock's last closing price.Kafelaku also extended the offering closing date to Sept. 23 from Sept. 2.Shares of the company are down 4% in open market trading on the HKEX.