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TYO:3445

3 stories mentioning TYO:3445Updated 6d ago

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Asia

GRINM Semiconductor Materials Shares Rise 10% as RS Technologies' Board Approves Prime Wafer Business Acquisition

RS Technologies' (TYO:3445) board of directors approved GRINM Semiconductor Materials' (SHA:688432) acquisition of all equity interests in Shandong GRINM RS Semiconductor Materials and Shandong GRINM Semiconductor Materials, according to a Tokyo bourse filing on Friday.The board also agreed to equity transfer agreements with existing shareholders and financing through new shares.The company looks to boost the competitiveness of its prime wafer business with the transaction.Shares of GRINM Semiconductor Materials, which resumed trading on the Shanghai Stock Exchange on Monday, rose nearly 10% in recent trade.

SHA:688432TYO:3445
Asia

RS Technologies to Invest 8.04 Billion Yen in 400 MWh Battery Storage Project

RS Technologies (TYO:3445) will invest 8.04 billion yen for a 49% stake-in a grid-scale battery energy storage project in Otawara City, Tochigi Prefecture, through a silent partnership in special purpose company GK CDH JAPAN BESS4.The project, with total investment of about 16.4 billion yen, features a rated output of 99.82 MW and approximately 400 MWh storage capacity, equivalent to the daily electricity usage of roughly 35,000 households.Capital contributions are scheduled in stages from August 2026 through August 2029, with commercial operations planned to commence in October 2029.The initiative addresses growing power supply-demand balancing needs amid renewable energy expansion, and is expected to establish a new earnings base for the company.

TYO:3445
Asia

Rs Technologies Issues Restricted Shares Worth 110.3 Million Yen

RS Technologies (TYO:3445) is issuing 22,698 shares as restricted stock compensation to directors and executive officers at an issue price of 4,860 yen per share, according to a Friday filing on the Tokyo Stock Exchange.The total issuance amounts to about 110.3 million yen and will be allotted to four directors and four executive officers, with directors receiving the bulk of the shares.The company is granting the shares under a restricted stock compensation plan aimed at aligning management interests with shareholders and strengthening incentives to enhance corporate value.Recipients will face transfer restrictions from May 21, until they step down from their roles, with the company retaining the right to reclaim shares without compensation under certain conditions, including early resignation.

TYO:3445

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