Straits Energy Resources (KLSE:STRAITS) unit TMD Energy plans to redesignate its share capital into Class A and Class B shares, with Straits holding 10 million Class B shares carrying 20 votes each.
The move will increase Straits Energy Resources' voting rights in TMD Energy to about 96.15%, while leaving its economic interest unchanged at 65.08%.
Completion is targeted for the fourth quarter, subject to shareholder and other required approvals.
Hearts and Minds Investments (ASX:HM1) reported post-tax net tangible asset of AU$3.34 per share as of Aug. 31, according to a Friday filing with the Australian bourse.The company recorded post-tax net tangible assets of AU$3.56 per share for August 2025, an earlier filing showed.Its portfolio was up 0.6% for the month of August and delivered an annualized pre-tax investment return of over 10% per year since inception.The portfolio offered a fully franked annualized dividend yield of about 6.5% as of Aug. 31, the filing said.The company's shares added nearly 1% in recent Friday trade.
Cape EMS (KLSE:CEB) subsidiary, Cape Renewables, signed a distribution and strategic collaboration agreement with Helios PV (Asia Pacific), to commercialize and distribute residential battery energy storage systems across Europe and the Asia-Pacific.The electronics manufacturer's unit will handle sourcing, system integration, assembly and testing, according to a Thursday Bursa Malaysia filing.Meanwhile, Helios, which is a unit of Frankfurt-listed Helios Solar AG, will handle market development, importation and distribution.
White Energy Company (ASX:WEC) confirmed the completion of the acquisition of Essential Global Resources and Oceltip Coal 2, which has acquired the Tin Hut Creek project and associated assets, according to a Friday Australian bourse filing.White Energy issued 83.3 million fully paid ordinary shares to the shareholders of Essential Global as consideration for the acquisition of the membership interests in Essential Global. In connection with the Oceltip Coal 2 acquisition, the purchase price was AU$4.5 million, as adjusted for debts and other liabilities at completion.It also completed a placement to institutional and professional investors to raise AU$15 million at an issue price of AU$0.06 per share.Nathan Tinkler was appointed as Managing Director and Executive Chair of White Energy, succeeding Brian Flannery as Chairman.Its shares fell 5% in recent trading on Friday.