Scholar Education Group (HKG:1769) bought 600,000 of its shares from the open market, according to a Thursday filing with the Hong Kong bourse.
The private education services firm's shares fell over 1% in morning trade on Friday.
The shares were purchased for HK$1.32 on average and HK$792,000 in total.
Scholar Education said its current share price "significantly undervalues" the business, representing a good opportunity to buy them back from the market.
Petro-king Oilfield Services (HKG:2178) said its Petro-king Oilfield Technology unit was ordered to pay 16.6 million yuan plus interest and court fees in a long-running litigation, according to a Thursday filing with the Hong Kong bourse.The oilfield technology services company's shares gained nearly 2% in morning trade Friday.Xinjiang Zhengtong Oil and Gas had filed the case against the company in January 2024 for disputes over technical service fees worth 28.9 million yuan. The claims related to fees for the provision of fracturing services, as well as interest accrued.Petro-king Oilfield said the latest ruling by the Shenzhen Intermediate People's Court of Guangdong Province will not have any material adverse impact on the business as the amounts were already accrued for and would have been paid under ordinary course of business operation.
New York-listed China Yuchai International unveiled an internal combustion engine powered entirely by ammonia and designed for heavy‑duty commercial vehicles, parent Hong Leong Asia (SGX:H22) said in a Thursday filing with the Singapore Exchange.Developed by operating subsidiary Guangxi Yuchai Machinery, the engine aims to provide a zero-carbon power solution for heavy-duty, long-haul commercial transport.Shares of Hong Leong fell almost 6% in midday trade on Friday.
Toyo Tire's (TYO:5105) profit attributable to owners of the parent rose 15% to 15.5 billion yen for the first quarter from 13.5 billion yen a year earlier.The tire and rubber product manufacturer's net sales slipped 3.4% to 131 billion yen for the three months ended March 31 from 136 billion yen in the prior year, according to a Tokyo bourse filing on Friday.In a separate disclosure, Toyo Tire said the Middle East situation is expected to hit operating income by 16.6 billion yen, but expects to mitigate the impact through multiple measures.For the year ending Dec. 31, the company kept its operating income forecasts intact at 94 billion yen and annual dividend estimate unchanged at 135 yen per share.