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.
Dickson Concepts (International) (HKG:0113) recorded an attributable profit of HK$248.9 million for the year ended March 31, up 26% from HK$198 million a year prior, according to a Thursday Hong Kong bourse filing.Earnings per share jumped to HK$0.645 from HK$0.504 in the corresponding period of the previous fiscal year.The luxury goods company's revenue for the year increased 3.5% to HK$1.99 billion from HK$1.92 billion in the year-ago period.The firm attributed the higher profit to an exchange gain from the revaluation of its assets denominated in US dollars, a rise in retail turnover, and an increased profit contribution from its investment portfolio.The firm recommended a final dividend of HK$0.25 per ordinary share, compared to no dividend the previous year.The dividend will be paid on or around Aug. 21 to shareholders of record on Aug. 14.
Indonesia's parliament on Thursday approved financial sector legislation that expands the mandate of Bank Indonesia and introduces new governance provisions affecting the central bank and other financial regulators, Reuters reported the same day.Under the legislation, the central bank's policy objectives will be broadened to include supporting "an economic environment conducive to real-sector growth and job creation." The law also introduces a new mechanism concerning the removal of members of Bank Indonesia's board of governors, according to the report.In addition, the legislation grants parliament a greater role in overseeing independent financial regulators. Lawmakers will be able to evaluate bodies such as Bank Indonesia, the Financial Services Authority (OJK) and the Indonesia Deposit Insurance Corp. (LPS), and issue recommendations that are binding, the news outlet reported.The legislation also establishes a legal framework for the planned demutualization of the Indonesian Stock Exchange, sets rules for the development of an exchange for minerals and other strategic commodities, and sets rules for the proposed creation of an international financial center in the country, Reuters reported.The full text of the legislation had not been publicly released, according to the report.(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.)
Gemdale Properties and Investment (HKG:0535) recorded contracted sales of around 665 million yuan in May with a sales area of 51,500 square meters, according to a Thursday Hong Kong bourse filing.The property firm's average selling price for the month stood at approximately 12,900 yuan per square meter.For the five months ended May 31, contracted sales and sales area reached roughly 3.09 billion yuan and 250,100 square meters, respectively.