Xiaomi (HKG:1810) is launching a new share repurchase program effective June 2 to buy back up to HK$20 billion of class B shares over the next 12 months, according to a Tuesday Hong Kong bourse filing.
The tech giant will subsequently cancel the repurchased shares.
The buyback is subject to shareholder approval.
Software developer Shift (TYO:3697) decided to consolidate the back-office functions of 15 group companies through an absorption-type company split, with Shift as the succeeding company.The back-office consolidation targets functions such as human resources and treasury across subsidiaries, according to a Tokyo bourse filing on Tuesday.This follows Shift's standalone achievement of reducing back-office manhours through AI agents by breaking down operations into 892 individual tasks.The reorganization also includes an absorption-type merger among three consolidated subsidiaries, with ALH as the surviving company absorbing SPST and TRUST BRAIN, effective Sept. 1.No new shares or consideration will be issued for either the company split or the merger, as both are intra-group transactions.
Hainan Huluwa Pharmaceutical (SHA:605199) controlling shareholder Hainan Huluwa Investment Development unfroze 17 million shares, according to a Tuesday filing with the Shanghai bourse.Huluwa Investment could use the unfrozen shares for pledging.The shareholder still has 8 million frozen shares.
Sichuan Zhongguang Lightning Protection Technologies (SHE:300414) obtained invention patent certificates for 11 of its products, according to a Tuesday disclosure to the Shenzhen bourse.The patented inventions include a transient voltage suppressor, an AC/DC current triggering circuit, and a lightning locator, among others.