NainTech (KOSDAQ:267320) secured a display manufacturing equipment supply contract from LG Electronics (KRX:066570), according to a Tuesday filing with the Korea Exchange.
The contract, valued at 25.4 billion won, is valid till Dec. 31, 2027.
Shares of NainTech, which develops equipment and machinery for motor vehicles, plant automation, and gauges for inspection and automation machinery, rose more than 2% at market close, while those of LG Electronics added over 3%.
The Shanghai Stock Exchange received Hainan Mining's (SHA:601969) application to place shares for an acquisition, according to a Tuesday bourse filing.The mining company will use the share placement to acquire 69.9% of Luoyang Fengrui Fluorine Industry.
Taiwan Mobile (TPE:3045) will sublease a right-of-use telecom asset to Taiwan Fixed Network, according to a Monday Taiwan Exchange filing.Shares gained over 1% in Tuesday's midday trade.The asset is a 36.36-square-meter space in Hualien City, Taiwan, with a value of about NT$275,752 and a monthly rent of NT$5,000.The sublease will run from June 2026 to June 2031, with payments made annually over the contract period.Taiwan Mobile said the space will be used for deploying optical cables and transmission equipment to expand fixed-line network coverage.
Indian Bank (NSE:INDIANB, BOM:532814) has revised some of its benchmark lending rates after a review by its Asset Liability Management Committee (ALCO), according to a Monday filing to the Indian bourses.The public sector lender kept key policy-linked rates unchanged, while changing to the Marginal Cost of Funds-based Lending Rate (MCLR) and Treasury Bills Linked Lending Rates (TBLR), effective June 3.Under MCLR, the bank raised the three-month tenor to 8.50% from 8.40%, the six-month tenor to 8.75% from 8.65%, and the one-year tenor to 8.85% from 8.75%.The overnight rate was unchanged at 7.90%, while the 1-month tenor also remained at 8.20%.The bank also revised TBLR rates upwards across tenors. The rate for up to three months rose to 5.35% from 5.25%, the above three months and up to six months tenor to 5.55% from 5.45%, and both the above six months up to one year, and above one year up to three years segments were raised to 5.75% from 5.60%.The base rate remained at 9.55%, benchmark prime lending rate at 13.80%, policy repo rate at 5.25%, and repo-linked benchmark lending rate at 7.95%.Indian Bank's shares were up nearly 1% in Tuesday's trade.