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Nippon Parking Development Board Approves Proposal to Issue Stock Acquisition Rights

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Nippon Parking Development (TYO:2353) said its board approved a proposal to issue stock acquisition rights to directors, employees and secondees of the company and its unlisted subsidiaries, according to a Friday filing on the Tokyo Stock Exchange.

The Tokyo-listed company said that the proposal will be submitted to its annual general meeting scheduled for Oct. 29, and it will issue up to 17,400 share acquisition rights.

The rights are intended to further enhance employees' motivation to improve business performance and increase corporate value.

What else is happening in Asia?

Asia

Hearts and Minds Investments Posts Lower August Net Tangible Asset

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ASX:HM1
Asia

Cape EMS Partners with Helios PV to Distribute Battery Systems in Europe

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KLSE:CEB
Asia

White Energy Company Confirms Acquisition of Essential Global Resources, Oceltip Coal 2 Completed; Shares Fall 5%

White Energy Company (ASX:WEC) confirmed the completion of the acquisition of Essential Global Resources and Oceltip Coal 2, which has acquired the Tin Hut Creek project and associated assets, according to a Friday Australian bourse filing.White Energy issued 83.3 million fully paid ordinary shares to the shareholders of Essential Global as consideration for the acquisition of the membership interests in Essential Global. In connection with the Oceltip Coal 2 acquisition, the purchase price was AU$4.5 million, as adjusted for debts and other liabilities at completion.It also completed a placement to institutional and professional investors to raise AU$15 million at an issue price of AU$0.06 per share.Nathan Tinkler was appointed as Managing Director and Executive Chair of White Energy, succeeding Brian Flannery as Chairman.Its shares fell 5% in recent trading on Friday.

ASX:WEC