MeiG Smart Technology (HKG:3268, SHE:002881) said it agreed to acquire Huixin Property Management (Shanghai) for up to 285.5 million yuan, according to a Friday filing with the Hong Kong bourse.
Huixin Property Management owns a property in Shanghai's Minhang district and the acquisition will give MeiG Smart Technology access to office space for business expansion and research and development, it said.
Insurance Australia Group (ASX:IAG) said its subsidiary, Insurance Australia, has reached a confidential settlement with Greensill Bank and its insolvency administrator, resolving Federal Court proceedings relating to allegedly issued trade credit insurance policies, according to a Friday filing with the Australian bourse.The company said the settlement is not expected to materially affect its financial position or fiscal year 2026 results, the filing said.The Greensill Bank case was part of wider litigation involving policies allegedly issued through BCC Trade Credit, with claims in that segment amounting to around AU$4 billion plus interest, per the filing.Remaining proceedings initiated by Credit Suisse and White Oak entities, involving claims of around AU$3 billion plus interest, are still ongoing and are being defended by Insurance Australia, the filing added.
Mayfield Group's (ASX:MYG) largest shareholder, Nightingale Partners, sold 10 million shares in the company, according to a Friday filing with the Australian bourse.Nightingale Partners now owns 30.8 million shares in the company, representing around a 26.5% stake, the filing said.
Judo Capital Holdings (ASX:JDO) priced a AU$750 million capital-relief securitization transaction that will boost the company's common equity Tier 1 ratio, according to a Friday filing with the Australian bourse.The transaction, backed by small and medium-sized enterprise business loans, received strong investor support, allowing the company to upsize it from an initial amount of AU$500 million.As a result of the transaction, Judo Capital said its pro forma CET1 ratio at March 31 was 13.2%, compared with a reported ratio of 12.6%.After the transaction, which is expected to settle on June 4, Judo will generate a "significant" net interest margin on the underlying business loans without needing to hold capital for those assets, it said. Assuming a normalized level of capital, the transaction is expected to deliver a pro-forma benefit of 25 to 30 basis points to the fiscal year 2027 return on equity.