Telekomunikasi Indonesia (IDX:TLKM) sold its entire stake in Administrasi Medika to Global Assistance & Healthcare Singapore, according to a filing with the Indonesian bourse.
The disposal was made through the state-owned telecom network's subsidiary, Multimedia Nusantara, and venture arm Metra Digital Investama Ventura
The move is part of the company's plan to simplify its portfolio and align with Danantara Asset Management Persero's strategic plan for unit streamlining in state-owned firms.
Beijing Oriental Yuhong Waterproof Technology (SHE:002271) plans to invest about 542 million yuan to acquire 55% stakes in Indonesian construction materials companies PT IALK and PT ACUM.The transaction involves a capital increase and share purchase for PT IALK, which manufactures waterproof coatings, and a direct share purchase for PT ACUM, a sales company, according to a Wednesday filing with the Shenzhen bourse.Shares of the waterproofing system provider declined 3% in recent trade.
PaXini Technology, a Chinese developer of dexterous robotic hands and humanoid robots, is weighing an initial public offering in Hong Kong, Bloomberg News reported Wednesday, citing people familiar with the matter.The BYD (HKG:1211, SHE:002594)- and JD.com (HKG:9618)-backed company is working with advisers and could submit a listing application in the coming months, according to the report.Key details, including the size and timing of the offering, are still under discussion and have yet to be finalized, Bloomberg said.PaXini raised more than 1 billion yuan in a March funding round, valuing the company at more than 10 billion yuan, the report added.(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.)
Shui-Mu International's (TPE:8443) board appointed Chairman Lo Jung-Yueh to concurrently serve as president, effective Tuesday, according to a same-day Taiwan Exchange filing.The footwear and lifestyle retailer said the appointment replaces former president Kuo Hsin-Yi.