Powertech Technology (TPE:6239) unit Terapower Technology will acquire testing equipment and spare parts worth NT$1.73 billion from Advantest Taiwan, according to a Friday Taiwan Exchange filing.
Shares jumped nearly 10% in Monday's afternoon trade.
The purchase took place between April 10 and May 22, and covered a batch of machinery equipment for production operations, it said.
Sandon Capital Investments (ASX:SNC) has proposed to restructure the terms of unsecured notes due for redemption on July 10, as well as a placement of new notes to raise about AU$10 million, according to a Monday filing with the Australian bourse.The restructuring, if approved by noteholders, would allow them to extend their investment until up to July 10, 2030, at a new fixed interest rate of 8.5% per year, up from the current rate of 4.8%. It would also rework interest payments to a monthly basis from the current semi-annual structure, and provide an early redemption option at the company's discretion at any time after July 10, 2028.The company said it also plans to launch a placement of new notes to sophisticated and wholesale investors, conditional upon noteholder approval of the restructuring proposal.Proceeds from the placement will first be used to fund the potential redemptions of existing notes, and then for working capital purposes.Sandon Capital shares fell 1% in recent Monday trade.
The Monetary Authority of Singapore is looking to improve the waiting time for account opening through a "risk-appropriate" approach, according to a report by Bloomberg News on Monday.Speaking at a UBS Asian Investment Conference in Singapore, MAS Managing Director Chia Der Jiun spoke about the account opening duration and how improving it could help navigate unnecessary checks on clients, the report said.The latest development comes following the rise of Singapore's importance as a banking hub amid geopolitical uncertainty, the report added.On Monday, MAS reached out to financial institutions to issue guidance on the new approach, the report noted.(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.)
Food Empire (SGX:F03) secured in-principle approval from the Singapore Exchange Securities Trading for the listing and quotation of 110.3 million bonus shares, according to a Monday bourse filing.The exercise will see the company allot new shares to existing shareholders on the basis of one new bonus share for every five ordinary shares currently held, the filing said.