TCL Technology (SHE:000100) agreed to acquire a 2.37% stake in Zhonghuan Leading Semiconductor Technology for 844.9 million yuan, according to a Saturday filing on the Shenzhen bourse.
The Chinese electronics company's shares rose 3% during Monday's afternoon trade.
The stake, which represents 127,828,649 shares, was bought from nine shareholders.
Nine Entertainment (ASX:NEC) is facing a rival bid from competitor Foxtel for the National Rugby League's (NRL) streaming rights, as Foxtel has pitched for all the NRL rights, according to a Monday report by the Australian Financial Review, citing two people with knowledge of the negotiations.Foxtel has also spoken to Seven and Ten television networks about them broadcasting some of the games on free-to-air, the report added.Foxtel, which is a unit of UK-listed DAZN Group, will remove the Nine Network as an NRL broadcaster if its strategy succeeds, the report added.Foxtel cannot make a bid for NRL rights alone due to Australia's anti-siphoning laws, which are designed to prevent popular sports events from becoming entirely paywalled or fee-based, the report added.AFR added that the NRL is currently divided between the free-to-air Nine Network and Foxtel until the end of the 2027 season.Nine did not immediately respond to' email request for comment.(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.)
Shandong High Speed Renewable Energy (SHE:000803) agreed to acquire a 65% stake in Hengyang Sunde Kaitian Renewable Resources Technology for 50 million yuan via its subsidiary Shandong Top Ten.The target, which operates a 260-ton-per-day kitchen waste facility in Hunan, China, was previously auctioned on Taobao's judicial platform, according to a weekend filing with the Shenzhen bourse.Shandong Zijian won the stake for 55.3 million yuan before negotiating the 50-million-yuan sale to Shandong High Speed.The deal requires approval from the Hengyang Urban Management Bureau.Shares of the infrastructure services provider rose 5% in recent trade.
Australian shares were flat with a negative bias on Monday as investors awaited fresh developments on an awaited peace agreement in the Middle East.The S&P/ASX 200 Index was little changed at 8,729.40.Negotiators from the US and Iran are still trying to work out a deal to end the conflict in the Middle East, Reuters reported.Brent crude oil futures rose over 2% to trade around $93 per barrel.On the domestic front, the Westpac-DataX Card Tracker Index continued its gradual decline, falling 1.6 points over four weeks to 153.2 in the week that ended May 23, slightly below the year-to-date average of 154.The headline seasonally adjusted S&P Global Australia Manufacturing Purchasing Manager's Index (PMI) fell to 50.7 in May from 51.3 in April, remaining above the 50-point mark separating contraction and expansion.The Melbourne Institute said its monthly inflation gauge fell in May after two consecutive monthly increases, driven largely by a decline in transport costs, particularly fuel prices.The ANZ-Indeed Australian job ads rose 1.8% month on month in May to a seasonally adjusted 116, following a 3.7% decline over the prior two months.In company news, Syrah Resources (ASX:SYR) said Tesla no longer plans to terminate an offtake agreement with the company after Syrah showed that it is producing conforming active anode material samples. Syrah said it has now "made sufficient progress to cure the alleged default" and is progressing through the later stages of qualification testing approvals with Tesla.DroneShield (ASX:DRO) said shareholders delivered a first strike against the company's remuneration report at its annual general meeting. Around half of shareholders voted against a resolution to adopt the remuneration report at the May 29 meeting.Ventia Services Group (ASX:VNT, NZE:VNT) secured a five-year, AU$133 million contract extension to continue operating and managing the Australian marine complex-common user facility in Western Australia, with the new term commencing in July 2027.