Machine components manufacturer SKF India's (NSE:SKFINDIA, BOM:500472) interim chief financial officer Aashi Arora has resigned from the position with effect from Thursday, according to a same-day disclosure to the Indian stock exchanges.
The company's shares were down over 1% in Friday's trade.
Arora has stepped down due to the conclusion of her interim assignment and a change in role in the organization, the statement said.
Remixpoint (TYO:3825) will transfer its electricity retail business to a wholly owned subsidiary through an absorption-type company split effective Oct. 1, according to a Friday filing on the Tokyo Stock Exchange.The company said it will establish Remixpoint Energy Business Split Preparatory as the successor entity, which will take over its energy retail operations, while the parent retains its storage battery, energy consulting and cryptoasset-related businesses.Remixpoint said the move aims to strengthen risk management and accelerate decision-making amid rising volatility in global energy markets, including fuel price swings linked to Middle East tensions. The split is subject to shareholder approval on June 25.
Hana Financial Group's (KRX:086790) Hana Bank will acquire 6.55% of crypto exchange operator Dunamu for 1.003 trillion won, the financial group said in a Friday filing with the Korea Exchange.The bank will acquire 2.28 million shares in the target on June 15, which are currently held by Kakao (KRX:035720) subsidiary Kakao Investment. The transaction will be settled in cash, the filing said.Shares of Hana Financial Group fell over 4% in recent trade, while those of Kakao declined more than 2%.
Pitti Engineering's (NSE:PITTIENG, BOM:513519) on Thursday approved capital expenditure of around 2.90 billion rupees for setting up a greenfield casting and machined components facility, according to a same-day filing to the Indian bourses.The company's shares were down nearly 2% in early trade on Friday.The project is expected to be completed in three years and will be funded through a mix of internal accruals and lease finance.After the new unit is commissioned, the company's total combined installed casting capacity, including existing facilities and the planned debottlenecking, will increase to 36,000 MT per annum.On the commissioning of the new facility, the existing Hosakote facility is proposed to be monetized.