Sieyuan Electric's (SHE:002028) unit, Jiangsu Rugao High Voltage Electrical Appliance, plans to invest 600 million yuan for its expansion and construction, according to a Thursday disclosure on the Shenzhen bourse.
The funds will be used for Rugao High Voltage's production and business activities, as well as for the acquisition of land that will serve as its site.
The power transmission and distribution equipment manufacturer's shares rose 1% during the morning trade.
Stoneweg Europe Stapled Trust (SGX:SET) signed a binding agreement for the divestment of Parc de Meslay in Parcay-Meslay, France, for 5.7 million euros, according to a Wednesday filing with the Singapore Exchange.The asset is being sold to a current tenant named Immostef, the filing added.The divestment is subject to clearance of pre-emption rights, which expire in September, with completion slated for October.The property is a cold warehouse, spanning 5,613 square meters, and is fully leased to Immostef.
Taiwan Semiconductor Manufacturing (TSMC) (TPE:2330) remains upbeat over its growth prospects as customers continue to express a positive outlook for the artificial intelligence industry, Reuters reported Thursday, citing the company's chief executive C.C. Wei."We continue to see increasing adoption of AI models across consumer, enterprise and sovereign AI applications. This trend is driving demand for greater computing power, which in turn supports strong demand for advanced semiconductor chips," Wei was quoted as saying during the company's annual shareholders meeting.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
American West Metals (ASX:AW1) confirmed the presence of high-grade critical metals at its West Desert project in Utah during sampling of historical drill core, according to a Thursday filing with the Australian bourse.Assays of previously unsampled historical drill core within and around the deposit yielded critical metal grades with peak values of 1,065 grams per tonne (g/t) silver, 155 g/t indium, and 40 g/t gallium, the filing said.Sampling also returned high base metal grades of up to 9.5% zinc, 2.3% copper, and 9.9% lead.