Technology One (ASX:TNE) said Norges Bank raised its voting power in the firm to 6.1% from 5.05% on May 28, according to a Monday Australian bourse filing.
The bank now holds nearly 20 million ordinary securities of the firm.
Its shares rose 5% in recent trading on Monday.
ReadyTech (ASX:RDY) rejected the unsolicited, non-binding indicative proposal from Total Specific Solutions to acquire the company through a scheme of arrangement for a AU$2 per share cash consideration, according to a Monday filing with the Australian bourse.The proposal is parallel to an off-market bid with a 50.1% minimum acceptance condition as a cash consideration of $1.75 per share, the filing said.The proposal does not reflect the company's inherent value in a change of control context, and in any event would not be executable, per the filing.
South Korean stocks opened at a new high on Monday, led by surging technology shares despite uncertainty around the negotiations between the US and Iran.The benchmark Korea Composite Stock Price Index, or Kospi, rose 0.1%, or 9.52 points, to open at 8,485.67. The Kosdaq decreased 0.2%, or 2.03 points, to open at 1,072.77.Major market movers Samsung Electronics (KRX:005930) and LG Electronics (KRX:066570) gained nearly 7% and over 25% in early morning trade, respectively.Oil prices jumped over 2% on Monday after Israel ordered troops to push deeper into Lebanon, fueling concerns over a broader conflict in the region and potential disturbances to global energy supplies. Brent crude rose 2.1% to $93.05 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 2.5% to $89.53 in early trading.
MiniMax (HKG:0100) is exploring a proposed listing on the Shanghai bourse's STAR Market, according to a Sunday filing on the Hong Kong bourse.Shares of the artificial intelligence company rose 5% in recent trade.