MMG (HKG:1208) unit Khoemacau Copper Mining agreed to obtain logistics services from Minmetals Shipping (Singapore) from time to time, according to a Thursday Hong Kong bourse filing.
Under the contract, the firm will receive international sea and overland shipping, logistics, and transportation services for a Khoemacau copper mine in Botswana from time to time for two years.
Minmetals Shipping is a subsidiary of China Minmetals, the ultimate controlling shareholder of the firm.
Yest (KOSDAQ:122640) secured an order for optical communication network equipment from Samsung Electronics (KRX:005930), according to a Thursday filing with the Korea Exchange.The contract, valued at 22.82 billion won, is valid till Dec. 30, 2027.Shares of Yest rose nearly 6% in recent trade.
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.