Nanosonics (ASX:NAN) received notice that JPMorgan Chase and its affiliates are no longer substantial holders of the company from May 27, according to a Monday filing with the Australian bourse.
JPMorgan Chase and its affiliates became a substantial holder of the company on May 26, with a total voting power of 5.04%, an earlier filing showed.
The company's shares rose 2% in recent Monday trade.
The Kansai Electric Power (TYO:9503) plans to build new liquefied natural gas-fired plants as part of a broader push to increase generating capacity by about 30% by fiscal 2040, Nikkei Asia reported Monday, citing President Nozomu Mori.This move is driven by rising electricity demand from semiconductor companies and data centers, the report said.Under a new group plan calling for 15 trillion yen in investments by 2040, the company intends to replace older LNG thermal facilities with more efficient equipment while also building entirely new ones, the publication said.Beyond its home base in the Kansai region, the company plans to collaborate with partners to develop thermal and renewable energy sources, the report said.However, Mori noted that it is still too early to assess the earnings impact from rising fossil fuel costs due to Middle East tensions, the report added.(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.)
China-based Yangzijiang Shipbuilding (Holdings) (SGX:BS6) completed the acquisition of a 10% equity interest in Poseidon on Friday.Poseidon, which owns the container ship owner and operator Seaspan Corporation, is now an associated company of Yangzijiang following the transaction.The acquisition, the value of which was undisclosed, was paid for in cash and was funded by the group's internal resources, according to a filing with the Singapore Exchange on Saturday.The stake was acquired from affiliates of Canada's Fairfax Financial and the Washington Family for $825.7 million, according to an earlier filing.
Hangzhou Gold Electronic Equipment (SHE:301669) said its initial public offering on the ChiNext Market has been approved by the Shenzhen Stock Exchange and registered with the China Securities Regulatory Commission.The company seeks to raise up to 849.6 million yuan via the IPO of 120 million shares at 7.08 yuan apiece, according to a Monday filing with the Shenzhen bourse.Lottery results will be announced Tuesday.Citic Securities serves as lead underwriter.