Medical equipment manufacturer Plasmapp (KOSDAQ:405000) secured a supply contract for U510 and STERI700 sterilizers from Qmed Master Distribution, according to a Thursday filing with the Korea Exchange.
The contract, valued at 3.53 billion won, is valid till June 1, 2027.
Shares of Plasmapp fell more than 2% in recent trade.
South Korea's ruling Democratic Party secured the majority of seats in local elections, early vote counting showed on Thursday, Reuters reported the same day.President Lee Jae Myung's party won Busan and led in 12 of 16 mayoral and provincial contests across the country, the report said.Meanwhile, incumbent Oh Se-hoon of the opposition People Power Party (PPP) held a narrow lead in the capital Seoul, where voting disruptions have been reported over a shortage of ballot papers, 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.)
Nissan (TYO:7201) and Mitsubishi Motors (TYO:7211) intend to launch services by 2030 that would allow electric vehicle owners to sell unused battery power back to the grid, Nikkei Asia reported on Thursday.A Mitsubishi-led vehicle-to-grid pilot involving about a dozen electrified vehicles in the Tokyo area ran through March, the news daily said.Participants in the trial remotely managed battery charging and discharging through an online platform, with compensation tied to electricity market conditions.The report noted that power prices fluctuate significantly throughout the day, creating opportunities for EV owners to earn income by supplying electricity to the grid during periods of higher demand.Broader adoption of vehicle-to-grid services could help reduce the overall cost of EV ownership while supporting power supply stability, according to Nikkei Asia.(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.)
HS Optimus (SGX:504) agreed to acquire a 30% stake in Medicorp from Lee Rui Ren for SG$4.2 million, according to a Tuesday filing with the Singapore Exchange.Medicorp is a Brunei-incorporated medical equipment and supplied company.The acquisition will be satisfied through the issuance and allotment of new shares in the company's capital at an aggregate value of up to SG$1 million and balance of the consideration will be made in cash at SG$0.0054 per share.Upon completion, Medicorp will become and associate company of HS Optimus, the filing said.Under the agreement, the manufacturer and distributor of doors can also have a put option to purchase an additional stake in Medicorp for SG$2.7 million within three years, taking the potential shareholding to 49%.