Xero (ASX:XRO) said AustralianSuper's voting power in the firm increased to 9.17%, effective May 22, from 8.13% previously, according to a Tuesday Australian bourse filing.
AustralianSuper now holds 15.6 million ordinary securities of the firm.
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Ekansh Concepts CFO Resigns; Successor Named
Ekansh Concepts Ltd (BOM:531364) appointed Neha Beriwala as chief financial officer, effective June 1, according to a Monday filing on BSE.Shares of the company rose nearly 1% in Tuesday's trade.Beriwala will succeed Mahesh Kumar Birla, who resigned from the post effective May 30 citing personal reasons, the filing said.
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Asia
Shan Xi Hua Yang Group New Energy to Establish Branch for Coal Mine in Shanxi, China
Shan Xi Hua Yang Group New Energy (SHA:600348) plans to establish a branch to develop the Yujiazhuang mine field in Shanxi, China.The mine holds 624 million tons of coal reserves across 73.2 square kilometers, with a designed annual capacity of 5 million tons over a 51-year service life, according to a Tuesday filing with the Shanghai bourse.The new branch will handle permits, construction, production and operations.Shares of the coal producer declined 2% in recent trade.
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Asia
AXISCADES Technologies to Divest Engineering and Heavy Energy Services Business
Aerospace and technology engineering company AXISCADES Technologies (NSE:AXISCADES, BOM:532395) plans to transfer its engineering and heavy energy services business to digital engineering consulting company Akkodis in a $30.6 million deal, according to a Monday filing to the Indian stock exchanges.The transaction will include an additional performance-based earnout and will be payable in cash over a multi-year period.The move is aimed at helping the company to transition from a services-led organization to a focused aerospace manufacturing and products-led platform.The move is expected to be completed in the third quarter of 2027, subject to applicable regulatory clearances. The funds from the transaction will help the company build its Devanahalli Atmanirbhar Complex, the Missile Atmanirbhar Complex, and its pipeline of strategic acquisitions in higher-margin products and manufacturing capabilities.
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