FINWIRES · TerminalLIVE
FINWIRES

Sinophorus Electronic Materials to Contribute to Industrial Investment JV

By

Hubei Sinophorus Electronic Materials (SHA:688545) will contribute to a 150-million-yuan equity and industrial investment joint venture to be called Hubei Xingfa Investment, according to a Friday disclosure to the Shanghai bourse.

The listed company will contribute 36.8 million yuan, equivalent to 24.5% of the JV, while Yichang Xingfa Group will also contribute the same proportion. Hubei Xingfa Chemical will hold 51% of the JV and will contribute 76.5 million yuan.

The platform will invest in upstream and downstream supply chains, the filing said.

Related Articles

Asia

Obayashi Profit Rises 116% in Fiscal Q1

Obayashi (TYO:1802) posted an 116% year-over-year increase in profit attributable to owners of the parent to 39.1 billion yen for the three months ended June 30 from 18.1 billion yen.The Japan-based construction company's basic earnings per share increased to 56.87 yen from 25.59 yen a year ago, according to a Tokyo Stock Exchange filing on Friday.Net sales jumped 19% to 623.4 billion yen from 523.8 billion yen in the year-ago period.For the fiscal year ending March 31, 2027, the company forecasts an attributable profit of 157 billion yen, a basic EPS of 228.39 yen, and net sales of 3 trillion yen.The company plans to pay a second quarter-end dividend of 47 yen per share for the current fiscal year.

TYO:1802
Asia

HMM Maintains Talks for Ultra-Long-Term Bulk Carrier Contracts

HMM (KRX:011200) is still in discussion with a counterparty to secure ultra-long-term contracts for bulk carriers, according to a Friday filing with the Korea Exchange.The disclosure is in response to a July 9 media report on the matter.The company will release another disclosure within three months or when specific details are finalized.Shares of the company rose more than 1% in recent trade.

KRX:011200
Asia

Southern Score Builders Arm Bags Order Worth MYR146.5 Million

SJEE Engineering, a subsidiary of Southern Score Builders Berhad (KLSE:SSB8), has secured an order worth 146.5 million ringgit from a local construction company to undertake a subcontract project, according to a Thursday filing with Bursa Malaysia.The company's shares were up nearly 2% in Friday's trade.The subcontract project is for Electrical Package 3 Works for a data center project, and is expected to be completed by Jan. 15, 2028.The project is expected to contribute positively to the net assets and earnings per share of the company from the financial year ending June 30, 2027, until the completion of the project.

KLSE:SSB8