Netlink NBN Trust's (SGX:CJLU) distribution per unit or DPU edged up 1.1% during the fiscal second half ended March 31 to SG$0.0271 from SG$0.0268 a year earlier, according to a Thursday filing with the Singapore Exchange.
Shares of the trust were down nearly 1% in Friday trading.
Distributable income rose to SG$105.6 million from SG$104.4 million.
Revenue jumped 2.1% year over year to SG$206.3 million from SG$202.2 million.
Mitsuba (TYO:7280) will implement a partial redemption of its Class D shares issued in June 2024 to streamline its capital structure and improve financial efficiency, according to a Friday filing on the Tokyo Stock Exchange.The company will redeem 10 billion yen in total on a phased basis, with at least 2.5 billion yen each fiscal year from fiscal 2026 onward, targeting early full retirement of the shares. Development Bank of Japan and Bank of Yokohama hold 5 billion yen each.Mitsuba said the shares were issued to support financial stability and growth investment, but stronger-than-expected profitability and cash flow now allow earlier capital repayment.The company said the move will proceed alongside continued investment in mobility-related growth areas and overseas expansion, with no material impact expected on performance.
Mynt, the operator of GCash, is weighing a domestic IPO that could value the firm at over $8 billion, with plans to raise about $1 billion, Reuters reported Thursday, citing people familiar with the matter.The listing could be filed as early as July and slated for later this year, depending on market stability and local regulatory approvals, sources told the news agency.Backed by shareholders including Globe Telecom (PSE:GLO), Ayala (PSE:AC) and Ant Group, Mynt was last valued at $5 billion after a 2024 investment round involving Ayala and Mitsubishi UFJ Financial Group (TYO:8306). Its GCash platform has around 94 million users in the Philippines and provides payments, transfers, savings, lending and insurance services, Reuters said.(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.)
Lotus Chocolate Company (BOM:523475) has appointed Piyush Goyal as the chief financial officer and key managerial personnel of the company, effective Thursday, according to a same-day filing to the BSE.The company's shares were up over 2% in early trade on Friday.Goyal has worked for leading multinationals like Mondelez (Cadbury), Hindustan Coca-Cola, Hindustan Unilever Limited, ITC, and Zydus Wellness.