Okura (HKG:1655) agreed to invest nearly $4.1 million in an undisclosed U.S.-based fund targeting a privately held aerospace and technology company, according to a Tuesday Hong Kong bourse filing.
The pachinko hall operator said the investment will allow the group to diversify its revenue stream and participate in global securities markets through professional fund management.
Virgin Australia (ASX:VGN) said it 150th Boeing 737 jet has officially entered service, marking a fleet renewal milestone, according to a Tuesday statement.The latest aircraft, named Lake Centenary, is the 100th Boeing 737 plane in Virgin Australia's current fleet and the 150th 737 received by the airline in the last 26 years.Virgin Australia said it will receive a dozen 737-8s this year, along with four Embraer E190 E2s for its regional Australian flights.The company's shares were down 3% in recent Tuesday trade.
Santos (ASX:STO) is set to prioritize upstream investment in the Moomba Central fields area in South Australia and deprioritize the broader Cooper Basin, targeting cumulative capital expenditure reduction of around AU$300 million from 2027 to 2030, and AU$150 million savings annually thereafter, according to a Tuesday Australian bourse filing.This came amidst the firm's strategic review of its Australian domestic oil and gas business.It also said its machine learning bottom-hole pressure model, replacing physical downhole gauges, could lead to around AU$70 million in potential capital expenditure reduction.Its shares rose 1% in recent trading on Tuesday.
Momentum Financial (HKG:1152) plans to raise net proceeds of about HK$20.5 million through a share placement, according to a Tuesday Hong Kong bourse filing.The company agreed to place up to 104.3 million new shares at HK$0.20 apiece, representing discounts of 20% to the last closing price and 18.6% to the five-day average closing price.The new shares represent about 3.1% of the company's existing issued share capital and about 3% of the enlarged share capital after the placement.Momentum Financial said about 73% of the proceeds will be used for cross-border e-commerce businesses, while the remainder will fund AI- and Web3-driven e-wallet payment solutions and general working capital.