FINWIRES · TerminalLIVE
FINWIRES

SHS Holdings Overhauls Terms of Acquisition of Two Chinese Companies; Shares Down 7%

By

SHS Holdings (SGX:566), a producer and supplier of polyethylene and polypropylene compounds, updated terms to absorb 100% of the equity interests in two major Chinese manufacturing entities, according to a Wednesday bourse filing.

Shares of the company were down nearly 7% in Thursday trading.

Under the amendments, the company's subsidiary, SHS Capital, signed a fourth amendment letter to modify certain terms of the sale and purchase agreement for the acquisition of Guangxi Tidal Precision Technology and Nanning Tidal Aluminium.

SHS Capital will pay a final base price of 126.9 million yuan. This total value includes 97.1 million yuan for the actual value of the companies' assets, 4.8 million yuan in set-aside funds for employee benefits, and 25 million yuan for a government grant balance.

The consideration is subject to further adjustments under the agreement.

Related Articles

Asia

Bosch's Consolidated Profit Climbs in Fiscal Q4

Bosch's (NSE:BOSCHLTD, BOM:500530) consolidated net profit rose to 5.70 billion Indian rupees in the fiscal fourth quarter ended March 31, from 5.54 billion rupees a year ago.Earnings per share grew to 193.25 rupees from 187.66 rupees a year earlier, the engineering and technology company said in a filing to the Indian stock exchanges on Wednesday.Revenue from operations in fiscal Q4 also increased to 55.7 billion rupees from 49.1 billion rupees a year ago.The company's board recommended a final dividend of 270 rupees per equity share of 10 rupees each for the financial year 2025-26.

BOM:500530NSE:BOSCHLTD
Asia

HashKey Unit-Managed Fund Leads SignalPlus' Series B+ Investment

HashKey (HKG:3887) said a fund managed by its asset management arm led the Series B+ investment of crypto derivatives platform SignalPlus, according to a Wednesday Hong Kong bourse filing.Shares of the licensed digital asset platform provider were down nearly 2% in late morning trade on Thursday.HashKey Fintech Multi-Strategy Fund IV LP invested $40 million into SignalPlus, $20 million of which came from the group, the filing said.The investment is part of the long-term partnership between both parties, HashKey said.

HKG:3887
Asia

Youzan Technology Eyes 20-to-1 Share Consolidation, Board Lot Change; Shares Plunge 18%

Youzan Technology (HKG:6051) proposed a 20-to-1 share consolidation and a change in board lot size, according to a Wednesday Hong Kong bourse filing.Shares of the firm were down 18% in Thursday's late morning trade.Under the plan, the company will change the board lot size from 4,000 existing shares to 5,000 consolidated shares.Assuming no further share issuance or repurchases, the number of issued shares will be reduced to about 1.65 billion from about 33 billion following the consolidation.The company said the move is intended to comply with Hong Kong listing requirements and bring the trading value per board lot to a reasonable level to attract a broader investor base, including institutional investors.The share consolidation is subject to shareholder approval at an annual general meeting scheduled for June 30 and is expected to take effect on July 3.

HKG:6051