FINWIRES · TerminalLIVE
FINWIRES

Oriental Petroleum and Minerals Declares Dividend

By

Oriental Petroleum and Minerals (PSE:OPM) will pay a regular cash dividend of 0.0005 Philippine peso per common share.

The dividend will be paid on Jul 28 to shareholders on record as of July 3, according to a Thursday Philippines Exchange filing.

Related Articles

Asia

Tianmai Thermal Technology Files Updated Registration Draft for Convertible Bonds

Suzhou Tianmai Thermal Technology (SHE:301626) submitted updated application documents, including the prospectus registration draft, for its issuance of convertible corporate bonds, according to a Wednesday filing with the Shenzhen Stock Exchange.The Shenzhen bourse's listing committee approved the issuance application on April 24.Shares of the thermally conductive and heat-dissipating product manufacturer slipped 2% in recent trade.

$SHE:301626
Asia

Crisil Places Anupam Rasayan Ratings on Watch Developing After Bliss GVS Acquisition Announcement

Crisil Ratings placed its A+ long-term and A1 short-term ratings on the bank facilities of Anupam Rasayan India (NSE:ANURAS, BOM:543275) on "Rating Watch with Developing Implications" following the company's proposed acquisition of a 43.3%-48.2% stake in Bliss GVS Pharma, according to a company filing with Indian bourses on Wednesday.The agency also assigned an A+ rating to the proposed non-convertible debentures and placed the rating on watch.Crisil said the watch reflects uncertainty over the funding structure and regulatory approvals for the transaction. It expects Anupam Rasayan to raise about 3 billion rupees of debt, with the remaining funding to come from a global investment management fund through a non-controlling, non-voting equity investment.The rating agency said it will resolve the watch after obtaining greater clarity on the acquisition funding and approvals, adding that it does not expect the ratings to move by more than one notch.

$BOM:543275$NSE:ANURAS
Asia

Sumitomo Ties Up with US-based Graphyte for Carbon Dioxide Removal Venture

Sumitomo (TYO:8053) signed a deal with U.S. decarbonization startup Graphyte to set up a joint venture for a carbon dioxide removal (CDR) business, according to a Thursday release.The Japanese trading house will own 49% stake in the joint venture, while Graphyte will hold a 51% stake.The joint venture will initially look into the generation and sale of CDR credits centered on Graphyte's Arkansas-based Loblolly project, which uses rice hulls.The Loblolly project has operated for more than two years and aims to remove 50,000 metric tons of carbon dioxide annually.The venture will eventually expand its business portfolio by taking part in several projects across North America as well as potentially catering to Japanese companies, according to the release.

$TYO:8053