Sinolink Securities (SHA:600109) issued 1.50 billion yuan worth of short-term bonds, according to a Shanghai bourse filing on Friday.
The bonds have a 1.51% coupon rate and a term of 300 days, maturing March 10, 2027.
The financial services provider's shares fell 2% at the close.
Kaga Electronics (TYO:8154) will acquire Shinko Shoji (TYO:8141) through a tender offer at 1,580 yen per share, aiming to make the electronic components distributor a unit as part of a wider integration strategy, according to a Friday filing on the Tokyo Stock Exchange.The company will seek to buy all outstanding shares excluding those already held by Kaga Electronics and treasury stock, with no upper limit on the total number of shares to be purchased.If the offer results in at least 90% ownership, Kaga Electronics will proceed with a cash-out demand for remaining shareholders. If not, it will pursue a share consolidation to complete the squeeze-out process.Kaga Electronics expects the transaction to generate synergies through expanded product offerings, stronger sales channels and deeper collaboration in manufacturing and procurement networks.
Standard Chartered (HKG:2888) repurchased 783,599 shares on Thursday at an average price of 18.99 pounds sterling apiece, according to a Friday filing with the Hong Kong bourse.The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.
San ju San Financial Group (TYO:7322) will introduce an employee stock ownership plan to grant company shares to staff of its subsidiary San ju San Bank through a trust structure, according to a Friday filing on the Tokyo Stock Exchange.The company will establish a trust with Mizuho Trust & Banking, with Custody Bank of Japan as re-trustee, to acquire and manage shares using funds provided by the subsidiary. The trust will buy shares on the market or via treasury stock disposal and distribute them to employees based on internal point allocations.San Ju San said it will place 470 million yen into the scheme, with the trust set to acquire up to 281,100 shares between May 29 and June 11.Employees will receive shares or cash equivalents once eligibility conditions are met, while voting rights will be exercised through a trust administrator.