Trek 2000 International (SGX:5AB) secured an investment from Azure Capital, with the latter acquiring around 22.1 million shares in the company, according to a filing with the Singapore Exchange on Thursday.
Shares of the technology company surged nearly 15% in Friday trading.
Following the share acquisition, the fund management company has a 7.3% stake in Trek 2000.
TS Financial (TPE:2887) reported a profit attributable to owners of NT$21 billion for the first quarter, according to a Thursday filing with the Taiwan Stock Exchange.Basic earnings per share came in at NT$0.82, while net interest revenue was NT$42.5 billion.The insurer did not disclose year-ago figures.
Dexus's (ASX:DXS) share price is expected to come under material pressure after it may be forced to sell its entire 27.3% stake in Australia Pacific Airports, which owns Melbourne's Tullamarine airport and the Launceston airport in Tasmania, at "fair market value" after a court ruling, Jefferies said in a note on Friday.Dexus was found to have "committed a material irremediable Breach" against the shareholders' agreement by the New South Wales Supreme Court.Jefferies estimated Dexus' 27.3% stake in Australia Pacific Airports represents around 10% of external assets under management and accounts for around AU$15 million of annual fee revenues.The investment firm assigned a hold rating and a price target of AU$6.07 per share to Dexus.
Shares of Flight Centre Travel Group (ASX:FLT) soared past 9% while those of Virgin Australia Holdings (ASX:VGN) jumped over 5% amid media reports of the US and Iran potentially reaching an agreement to extend the ceasefire in the Middle East.The US and Iran reached an agreement to extend a ceasefire and lift restrictions on shipping through the Strait of Hormuz, Reuters reported on Friday, citing sources. However, US President Donald Trump has yet to approve the deal, and Iranian state media said it had not yet been finalized.