Nordic Group (SGX:MR7) bought back 116,000 shares in the open market on Monday for SG$67,608, a Tuesday filing with the Singapore Exchange said.
The wastewater treatment company has been mandated to buy back 39.8 million shares under its current mandate.
SDIC Power (SHA:600886) unit Red Rock Renewables plans to provide a shareholder loan of 364.6 million pounds sterling to ICOHL, a 50/50 joint venture developing the 1,080-megawatt Inch Cape offshore wind project in Scotland.The loan, with an 8% annual interest maturing June 2049, will fund construction and operations, according to a Monday filing with the Shanghai bourse.Fellow shareholder ESBII UK Limited will provide equivalent financing proportionally.Shares of the power company rose 1% in recent trade.
Redco Healthy Living's (HKG:2370) controlling shareholder, Redco Properties (HKG:1622), may reduce its stake in the company to 51% from 75% after the receivers proposed selling part of the pledged shares to China Billion International, according to a Monday Hong Kong bourse filing.Shares of the Redco Healthy Living were down nearly 4% in Tuesday morning trade.The proposed sale involves a 24% stake, or 48 million shares, for HK$45.1 million through a partial set-off against outstanding debt owed by Redco Properties.The company said the receivers may proceed with the transaction by Tuesday unless Redco Properties repays the outstanding facility in full, finds an alternative buyer, or raises objections with reasonable grounds.
Austem (KOSDAQ:031510) plans to retire 2.91 million treasury shares, valued at 4.35 billion won.The shares will be retired on June 5 at a par value of 500 won apiece, according to a Tuesday filing from the South Korean automobile parts manufacturer on the Korea Exchange.Shares of Austem fell nearly 1% in recent trade.