Wingtech (SHA:600745) flagged abnormal stock fluctuations over six consecutive trading days, but its operations are still normal, according to a Shanghai bourse filing on Tuesday.
The Chinese chipmaker's closing price between May 25 and June 1 was over 12%, indicating stock fluctuations.
The fluctuations occurred after Wingtech sued Nexperia last month in a bid to regain full control of the Dutch subsidiary.
The company's shares jumped 5% during the midday trade.
(Updates with a Northern Star Resources statement in the sixth paragraph, and the stock move in the headline and last paragraph.)Northern Star Resources (ASX:NST) should conduct a strategic review that includes a potential sale, alongside a search for a new CEO, to identify opportunities for operational improvements, shareholder Elliott Investment Management said Monday.Elliott disclosed a stake of over AU$1 billion in Northern Star Resources, saying it wants to work with the company to maximize shareholder value."Northern Star's recent pattern of operational missteps, cost overruns and inconsistent strategic direction demands urgent action," Elliott said, adding that the company has underperformed its potential despite holding world-class gold assets.The activist investor also urged the company to supplement its board with "fresh perspectives" to help guide the review and subsequent steps.Elliott further alleged that Northern Star has "deeply inadequate disclosures compared to global senior peers." The company is likely to draw "significant strategic interest" if it explores a sale, Elliott said.In a response, Northern Star Resources welcomed the opportunity for dialogue with the investor, saying it shares Elliott's view on the company having the required portfolio to deliver superior returns. The search for a new managing director is well underway and the company remains focused on meeting its full-year guidance, Northern Star said.The company's shares rose around 13% in recent Tuesday trade.
Canara Bank (NSE:CANBK, BOM:532483) has appointed Brajesh Kumar Singh as managing director and chief executive officer, with effect from Monday, according to a same-day filing to the Indian stock exchanges.Prior to his appointment at Canara Bank, Singh was an executive director of Indian Bank (NSE:INDIANB, BOM:532814) since March 2024.
Yunnan Energy New Material (SHE:002812), a leading global supplier of lithium-ion battery separators, closed a bank account at Agricultural Bank of China (SHA:601288, HKG:1288) after the completion of a project, according to a Shenzhen bourse filing on Tuesday.The funds for the Jiangsu Ruijie Lithium Battery Aluminum-Plastic Film Project have been fully utilized, and the account balance was reduced to zero, prompting the standard administrative closure.The Chinese new energy company's shares dropped nearly 3% during the morning trade.