Shenzhen Best of Best Holdings (SHE:001298) completed the acquisition of 100% of Shenzhen Dingruixin Technology for 84.1 million yuan, according to a Thursday filing with the Shenzhen bourse.
The newly acquired subsidiary obtained its business license and registration notice from authorities in Shenzhen.
Dingruixin manufactures electronic products and components with a focus on new energy vehicles and industrial automation.
China will lower retail prices of gasoline by 525 yuan per ton and diesel by 505 yuan per ton, the National Development and Reform Commission said Thursday.The price cut is effective at midnight Friday.
PayPay, a unit of SoftBank Group (TYO:9984), has agreed to acquire 70.2% of T&D Financial Life Insurance from T&D Holdings for an 134.3 billion yen, according to Tokyo bourse filings on Thursday.The acquisition aims to add life insurance to PayPay's existing suite of cashless payments, credit cards, banking, and securities services for over 74 million registered users.One Investment Management, an independent asset manager, intends to acquire a separate 14.9% stake in T&D Financial Life through an affiliate.Under a planned shareholders' agreement, PayPay will hold a call option on the remaining 14.9% stake held by T&D Holdings, which will also hold a put option exercisable after three years.The consummation, scheduled for Oct. 1, 2027, is subject to regulatory approvals, an IFRS transition plan at T&D Financial Life, and other conditions precedent.By combining T&D Financial Life's customer base with PayPay's digital platform and embedded insurance expertise, the group aims to create new digital life insurance experiences and provide comprehensive financial services across users' life stages.The impact on SoftBank's consolidated financial results is currently under review.
Anand Rathi Wealth (NSE:ANANDRATHI, BOM:543415) allotted over 83 million bonus equity shares to shareholders on record June 3, according to an Indian bourse filing on Thursday.Under the issue, shareholders received one bonus share for every existing equity share held.Following the allotment, the company's paid-up equity share capital doubled to around 166 million shares from 83 million shares, the filing said.