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Market Chatter: WiseTech Global Executive Chairman Under Sexual Exploitation Investigation

WiseTech Global (ASX:WTC) Executive Chairman Richard White is under an Australian federal police investigation over allegations that he coerced a former cleaner at the company into a sexual relationship, the Australian Financial Review reported Monday, citing a police report and multiple sources briefed on the matter.The police launched the probe earlier this year following a complaint by a former executive of Kyckr, another firm White controls, alleging that White falsified information on a visa application for Caroline Heidemann, the former cleaner, according to the report.WiseTech Global did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:WTC

Asia11d ago

Capstone Copper Ratifies New Three-Year Labor Agreements at Chile Mine

Capstone Copper (ASX:CSC) finalized new three-year collective bargaining agreements with both unions at its Mantos Blancos Mine in Chile, completing negotiations within the statutory deadline, according to a Monday statement by the company.The agreements are designed to support employees while ensuring the long-term viability of the operation.Mantos Blancos employs about 2,928 people, including 1,822 contractors.

ASX:CSC

Asia11d ago

a2 Milk Co. Secures Final China Approval for Infant Formula Transfer

a2 Milk Co. (ASX:A2M, NZE:ATM) received approval from China's State Administration for Market Regulation to transfer two China-label infant milk formula registrations tied to its Pokeno facility to its a2 brand, according to a Monday filing with the New Zealand bourse.The company confirmed that the acquisition of the a2 Pokeno facility is now irrevocable, given the receipt of all required regulatory approvals, per the filing.The board is expected to meet soon to consider a NZ$300 million fully franked special dividend, with timing and details to be released upon formal approval, the filing added.

ASX:A2MNZE:ATM

Asia11d ago

Oceania Healthcare Launches NZ$100 Million Secured Bond Offer

Oceania Healthcare (ASX:OCA, NZE:OCA) launched an offer of up to NZ$100 million in six-year fixed-rate secured, unsubordinated bonds, with the option to accept up to NZ$25 million in oversubscriptions, according to a Monday filing with the New Zealand bourse.The bonds will bear interest at a rate equal to the six-year swap rate plus a margin expected to range between 1.85% and 1.95% per annum, subject to a minimum interest rate of 5.50%, per the filing.The final margin and interest rate will be determined through a bookbuild process expected to conclude on Thursday, the filing said.The bonds are expected to be quoted on the New Zealand Exchange debt market under the ticker "OCA030," with the offer scheduled to close on Thursday and issuance expected on July 1, the filing added.

ASX:OCANZE:OCA

Asia12d ago

Lindian Resources Terminates Monazite Offtake Agreement With Gerald Metals for Malawi Project

Lindian Resources (ASX:LIN) said it has mutually agreed with Gerald Metals to terminate the 2023 sale and purchase agreement covering monazite concentrate from its Kangankunde Rare Earths Project in Malawi, according to an Australian bourse filing on June 19 after market hours.The company will issue 20 million fully paid ordinary shares to Gerald within 14 days of executing the termination deed, with the shares to be held under a voluntary escrow arrangement for 90 days, per the filing.The termination grants the company complete control over its sales strategy, pricing, product quality, production volumes, profitability, and target markets, while also allowing earlier supply to the Sareco hydromet facility in Kazakhstan, the filing added.

ASX:LIN

Asia12d ago

GPT Group Declares Higher Dividend

GPT Group (ASX:GPT) declared a dividend of AU$0.1225 per share for the six months ending June 30, according to an Australian bourse filing on June 19 after market hours.The dividend will be paid on Aug. 31 to holders of record as of June 30, the filing said.The company paid a dividend of AU$0.12 per share in the prior corresponding period, an earlier filing showed.

ASX:GPT

Asia14d ago

LY Corp.'s Unit Loses Warehouse Dispute, Appeals Against Decisions

Ly Corp's (TYO:4689, SGX:1H8) subsidiary, Ly Furniture, filed an appeal to the High Court of Malaysia after the Johor Bahru Sessions Court made a partial ruling against it in a warehouse dispute against Xin Hwa Trading & Transport.The court has ordered the subsidiary to pay 311,501 ringgit plus interest and costs on a counterclaim filed by Xin Hwa, according to a Wednesday filing with the Singapore Exchange.The court partially allowed LY Furniture's original claim against Xin Hwa for missing inventory and awarded it 100,000 ringgit with 5% annual interest.Meanwhile, Xin Hwa's counterclaim for unpaid warehousing fees was allowed to stand in full, with an accrued interest of 1.5% per month, starting from February 2023.LY Furniture has filed its notice of appeal and is not expecting the case to have a material impact.

SGX:1H8TYO:4689

Asia14d ago

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

Asia14d ago

EcoWise Warns Fiscal Q4, Full Year Losses

EcoWise (SGX:5CT) expects a net loss from continuing operations for the fourth quarter and fiscal year ending April 30, according to a Friday Singapore bourse filing.The company attributed the forecast to a lower fiscal Q4 profit and a full-year loss incurred in the resource recovery segment, a lower other income due to the absence of a one-off gain from the disposal of certain assets as seen in the prior-year period, and higher administrative expenses.

SGX:5CT

Asia14d ago

B52 Capital to Sell Stake in Five Companies to Majority Shareholder

B52 Capital (BKK:B52) agreed to sell stake in five firms to major shareholder Jirawut Kuvanan for a total of 8.2 million baht, according to a Friday Thailand bourse filing.The company is selling 100% shares in Vets & More, M Quality Products, and Mmed Pharma, as well 75% interest in Solution Fly Company and a 50% stake in Tan Jai Dee Money Transfer.The move comes to reduce operating losses and generate income from the sale of investments.Jirawut Kuvanan holds 43.915% of shares in B-52 Capital.

BKK:B52

Asia14d ago

Srivichai Vejvivaj Unit Leases Out Building for Medical Facility Use

Srivichai Vejvivaj (BKK:VIH) unit The Bangkok Orthopedic Hospital leased a floor of a commercial building to lessee ISky Center for two years, according to a Friday Thailand bourse filing.The lease for the first floor of a building with usable and common area of 247.72 square meters and 60 square meters, respectively, will be effective starting July 1, 2026, and ending June 30, 2028.The property will be used to operate a medical facility for the treatment of skin diseases and beauty procedures.ISky Center's major shareholder is Rungsima Wanitphakdeedecha, the spouse of Mongkon Wanitphakdeedecha, who is a director of both Srivichai Vejvivat and The Bangkok Orthopedic Hospital.

BKK:VIH

Asia14d ago

SDIC Power Subsidiary Approves 365-Million-Pound Loan for Scotland Wind Project

SDIC Power (SHA:600886) subsidiary Red Rock Renewables approved the 364.6 million pound sterling loan to Inch Cape Offshore Holdings, or ICOHL, according to a Friday filing with the Shanghai bourse.The loan will bear an interest of 8% per annum and will mature in 2049.ICOHL is a 50-50 joint venture developing the 1,080-megawatt Inch Cape offshore wind project in Scotland.

SHA:600886

Asia14d ago

National Silicon Industry Group to Increase Capital in Subsidiary

National Silicon Industry Group (SHA:688126) and Shanghai Guosheng (Group) will jointly increase the capital of subsidiary Shanghai Xinsheng Semiconductor Technology, according to a Friday filing with the Shanghai bourse.The listed company will purchase 1.24 billion yuan in newly registered capital of Shanghai Xinsheng through a contribution of its 46.7354% stake in Shanghai Xinsheng Jingtou Semiconductor Technology, 49.1228% stake in Shanghai Xinsheng Jingke Semiconductor Technology, and 48.7805% stake in Shanghai Xinsheng Jingrui Semiconductor Technology for 7.45 billion yuan.The capital increase will help promote the company's 300-millimeter silicon wafer capacity upgrade project and meet its funding needs.Guosheng will invest 4 billion yuan to subscribe for 664.9 million yuan of newly registered capital of Xinsheng.

SHA:688126

Asia14d ago

TWL Unit Acquires 45% Stake in Property Investor

Construction engineering company TWL Holdings' (KLSE:TWL) unit TWL Builders acquired 45,000 shares, or 45% stake, in Fairise Odyssey for 42 million ringgit, according to a Friday filing with the Malaysia bourse.The stake was purchased from Lam Boon Ling to bolster resources and support future projects.Fairise Odyssey engages mainly in property investment.

KLSE:TWL

Asia14d ago

Delhivery Launches AI-Powered Mapping Platform for Commercial Logistics

Delhivery (NSE:DELHIVERY, BOM:543529) has launched Delhivery Maps, an artificial intelligence-based geospatial platform developed to support navigation and location services across India.The mapping suite, which was previously used across Delhivery's logistics network, is now available to businesses, developers and gig-economy platforms, according to a company statement.The platform is designed for commercial shipping and incorporates routing constraints, vehicle movement and landmark-based navigation.

BOM:543529NSE:DELHIVERY

Asia14d ago

Yuanta Financial Unit Buys Stake in Mezzanine Fund

Yuanta Financial (TPE:2885) unit Yuanta Securities (Korea) acquired 300,000 units of Shinhan-DS Productive Finance Mezzanine Fund 1 for 3 billion won, according to a Friday Taiwan bourse filing.The financial services company cited business needs as the reason for the acquisition.

TPE:2885

Asia14d ago

Hindustan Zinc Names CEO-Designate

Hindustan Zinc (NSE:HINDZINC, BOM:500188) has appointed Amarendu Prakash as chief executive officer-designate, effective June 19, according to a same-day stock exchange filing.Prakash previously served as chairman and managing director of Steel Authority of India (NSE:SAIL, BOM:500113).

BOM:500188NSE:HINDZINC

Asia14d ago

Vestland Unit Bags MYR65 Million Apartment Construction Deal

Vestland (KLSE:VLB) unit Vestland Infra secured a 65 million ringgit letter of award from Scanwolf Trading & Construction for construction works in Kuala Lumpur, Malaysia.The contract covers piling and substructure works for a 74-storey serviced apartment project at Jalan Pavilion, including basement, car parks and related facilities, according to a Friday Malaysian bourse filing.The deal work is scheduled from June 19, 2026, to June 18, 2028.The group said the job is part of its ordinary construction activities, the filing said.

KLSE:VLB

Asia14d ago

Reliance Industries Unit Jio Platforms Approves Draft IPO Papers

Reliance Industries' (NSE:RELIANCE, BOM:500325) subsidiary Jio Platforms said its board has approved the draft red herring prospectus for a proposed initial public offering.The offering will comprise a fresh issue of up to 270 million equity shares with a face value of 10 rupees each, according to a stock exchange filing on Friday. The issue price will be determined at a later stage.The proposed IPO remains subject to regulatory and other necessary approvals.

BOM:500325NSE:RELIANCE

Asia14d ago

Exedy to Launch New Performance-Linked Restricted Stock Remuneration Plan

Exedy (TYO:7278) said it will launch a new performance-linked restricted stock remuneration plan for executive officers, according to a Friday filing on the Tokyo Stock Exchange.The Japan-based company said the new plan will replace its existing restricted stock compensation plan to better link its executive compensation to the company's performance and the value of its shares.Under the new plan, performance targets will be specified in advance, and eligible executives will receive company shares after the performance evaluation period according to the degree of achievement.

TYO:7278

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