Shenzhen Hemei (SHE:002356) third-tier subsidiary Xiwangtun Juneng will acquire the Xiwangtun Integrated Energy Station in Shanxi, China from related-party Pengfei Group for 36.4 million yuan.
The station provides liquefied natural gas and hydrogen refueling services, according to a Sunday filing with the Shenzhen bourse.
Shares of the electronics manufacturer rose 10% in recent trade.
Hiap Seng Industries (SGX:1L2) established a new company in Singapore, named, Hiap Seng Energy Technology, according to a Saturday filing with the Singapore Exchange.The company will serve as a general contractor for building construction and has an issued and paid-up capital of SG$2, comprising 2 shares.
Vita Life Sciences' (ASX:VLS) shareholders approved an on-market share buyback of up to 15% of the share capital of the firm at the annual general meeting on May 28, according to a Monday Australian bourse filing.It currently has 54.2 million total shares on issue.It will evaluate market conditions and the share price, as it plans to continue to buy back shares in the year ahead.Shares rose 2% in recent trading on Monday.
The Singapore Exchange Securities Trading deemed Incredible Holdings (SGX:RDR) as a cash company, effective May 28, with trading suspended until it acquires a new business in line with the SGX-ST's requirements, according to a Friday bourse filing.Under the rules, 90% of the company's cash and short date securities will be opened with and operated by an escrow agent, pending the satisfaction of regulatory requirements.Meanwhile, the company, which is not generating revenue at the moment, has been instructed to provide a monthly valuation of its assets and financial dealings.