FINWIRES · TerminalLIVE
FINWIRES

PowerX Initiates Preparations to Shift Tokyo Stock Exchange Listing to Prime Market

By

Battery storage manufacturer PowerX (TYO:485A) has decided during an executive committee meeting to begin preparing an application to transfer its listing from the Tokyo Stock Exchange's Growth Market to the Prime Market.

The move aims to support the company's mid- to long-term expansion and enhance shareholder value, according to a Tokyo bourse filing on Wednesday.

No timeline has been set for submitting the application or securing approval, and the company acknowledged that preparations could be halted due to current uncertainties.

PowerX also warned that failing to meet all listing requirements may result in the stock exchange rejecting the change, though it pledged to disclose any significant developments promptly.

Related Articles

Asia

Island Pharmaceuticals Executes Agreement for GMP Manufacturing Campaign for Drug Candidate

Island Pharmaceuticals (ASX:ILA) executed an agreement with PI Health Sciences for a good manufacturing practices (GMP) campaign to produce its Galidesivir drug candidate to support pivotal studies, according to a Thursday Australian bourse filing.The agreement also includes analytical method validation, reference standard preparation, and stability studies. The campaign is designed to validate and scale production to a level appropriate for late-stage development. Manufacturing activities have begun.The manufacturing will support its planned Marburg virus disease development program under the US Food and Drug Administration's (FDA) Animal Rule pathway.

$ASX:ILA
Asia

CapitaLand Ascendas REIT to Acquire Logistics Property in Singapore for SG$134 Million

CapitaLand Ascendas REIT (SGX:A17U) has agreed to acquire 5 Tuas Avenue 5 in Singapore for SG$133.9 million from Hup Hin Transport Co, according to a local bourse filing on Thursday.The asset is a seven-story, ramp-up logistics property that was completed in 2021. It is currently fully occupied by four tenants, including the seller. It will have a weighted average lease expiry of five years with an annual rental escalation of 2%.The acquisition is expected to be completed by the second half of 2026, after which CapitaLand Ascendas' logistics portfolio across Singapore, Australia, the US, the UK, and Europe will increase to around SG$4.9 billion.

$SGX:A17U
Asia

Felix Gold Begins Extraction, Stockpiling of Stibnite Vein Material at Alaska Project

Felix Gold (ASX:FXG) began extraction and stockpiling of high-grade massive stibnite vein material at the Treasure Creek antimony project in Alaska, according to a Thursday Australian bourse filing.Around 30 tonnes of high-grade massive stibnite vein material were extracted under approved bulk sample permit operations.Operations at the project are being undertaken by a combined exploration and bulk sampling team, with activities including trenching to expose and track mineralized structures, bulk sampling and stockpiling of antimony ore, access road establishment, drill site preparation, and workforce training.

$ASX:FXG