Pacific Lime and Cement (ASX:PLA) appointed Darren Holley as chief commercial officer and chief operating officer, effective June 1, according to a Friday Australian bourse filing.
The company's shares rose 3% in recent Friday trade.
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Asia
Qantas Airways Shares Rise After Frequent Flyer Partnership With Philippine Airlines
Qantas Airways (ASX:QAN) shares rose more than 1% in recent Friday trade after the company said Thursday it struck a partnership allowing its frequent flyer members to book classic reward seats across the entire Philippine Airlines network.The collaboration gives Qantas frequent flyers greater access to North America, the Middle East, and 15 new island destinations via Manila.Philippine Airlines operates 22 weekly flights between Australia and Manila, including daily service from Sydney and Brisbane, the statement said.
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Asia
Market Chatter: Nikon Eyes Photolithography Comeback by Undercutting ASML's Prices, New CEO Says
Nikon (TYO:7731) aims to revive its semiconductor photolithography business by offering lower prices than Dutch rival ASML, which controls over 80% of the market, Nikkei Asia reported on Friday, citing newly appointed president and CEO, Yasuhiro Ohmura.Leveraging in-house production of many components, Nikon gains a cost advantage, Ohmura explained, with the chipmaking equipment unit-his background-serving as the growth driver in a medium-term plan through fiscal 2030, the news agency reported.He said Nikon is in advanced talks with several major U.S. and Asian chipmakers for new orders of its argon fluoride lithography tools, with discussions "nearing purchase orders", according to the report.While Nikon once relied on Intel for 80% of such orders, sales have stagnated due to the American firm's recent struggles, the report added.Ohmura acknowledged that aside from Intel, Nikon lacked a strong track record and had not yet earned trust in its support capabilities, the report 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.)
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Asia
Orion Minerals Says IDC Converts 344.5 Million South African Rand Loan Into Equity in Prieska Project
Orion Minerals (ASX:ORN) said the Industrial Development Corporation of South Africa (IDC) converted its about 344.5 million South African Rand convertible loan facility into equity in unit PCZM HoldCo, becoming a 23.8% shareholder in PCZM HoldCo and giving it an effective interest of about 16.7% in PCZM, according to a Friday Australian bourse filing.The company said the IDC retains a shareholder loan claim against PCZM HoldCo of about 272.4 million South African Rand, with all security granted in connection with the facility agreement released following the conversion.The IDC, as a long-standing development finance partner, becomes a direct shareholder in PCZM HoldCo, deepening its strategic alignment with the Prieska project, the filing added.
$ASX:ORN