United Paragon Mining (PSE:UPM) completed the issuance of 3.2 billion common shares to Pargold Mining under its conversion program, according to a Friday Philippines Exchange filing.
The shares, with a par value of 0.01 Philippine peso each, were issued in exchange for UPMC's outstanding liabilities as outlined in a May 29 Deed of Assignment.
Following the deal, United Paragon Mining's Class A preferred shares were cancelled and converted into common shares.
Aboitiz Power (PSE:AP) confirmed details reported by the Philippine Daily Inquirer regarding its planned expansion in Vietnam, including its proposed acquisition of a 25% stake in Van Phong Power.Van Phong Power owns a 1,320-megawatt coal-fired power plant, according to a Friday filing with the Philippine Stock Exchange.The company said the transaction, first disclosed in October 2025, remains subject to regulatory approval.Aboitiz Power also confirmed discussions on cooperation in energy, food security and infrastructure during Vietnamese President To Lam's visit to Manila.The company said it would disclose any material developments as required.
Global Chinese Business Club (HKG:1757) has launched two health and wellness brands and established a chain of stores across mainland China, according to a Thursday Hong Kong bourse filing.The company said the business operates under the Wicens and Tofans brands, with outlets in cities including Shenzhen, Beijing, Shanghai, Wuhan, Fuzhou, Chongqing, Shenyang, and Xi'an.
Postal Savings Bank of China (SHA:601658) raised 30 billion yuan via the issue of perpetual capital bonds to boost capital.The bonds carry a coupon rate of 1.88% for the first five years, adjusted every five years, according to a Thursday filing with the Shanghai bourse.