ZGC Sci-Tech to Buy, Lease Back Assets

Melco International to Transfer IP Holding Unit in Intra-Group Sale; Shares Down 3%

Melco International Development (HKG:0200) unit MI IP Licensing Services 1 agreed to sell its entire interest in MI IP Licensing Services 2 to MCO (IP) Holdings for $375 million, according to a May 1 Hong Kong bourse filing.Shares of the financial leasing firm were down nearly 3% in Monday afternoon trading.The buyer is a subsidiary of Melco Resorts & Entertainment, which is 56.32% owned by Melco International Development.Following completion of the deal on May 8, the firm will hold a 56.32% in the target through Melco Resorts & Entertainment.The target firm is an intellectual property holding vehicle, which holds ownership of a portfolio of trademarks, service marks, brands, certification marks, and logos, among other things, in areas where Melco Resorts Group has operations.

Brogent Technologies to Supply Two Rotating Dome Theaters to Saudi Client

Brogent Technologies (TWO:5263) secured a contract with a Saudi Arabian client to supply two rotating dome theaters, according to a Monday Taiwan Exchange filing.The agreement covers the delivery of the immersive theater systems, though financial details and the customer's identity were not disclosed.The company said the deal is expected to contribute to revenue and support profit growth going forward.

Jefferies Downgrades IndiaMart InterMesh to Underperform From Hold, Adjusts Price Target to INR1,810 From INR2,100