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ASTI to Cease Quarterly Reporting Following Clean Audit Report

ASTI (SGX:575) will cease quarterly reporting of its financials, according to a Friday filing with the Singapore Exchange.The disclosure comes after the company's auditor, Forvis Mazars, issued a clean audit opinion.The company will now release its financial statements for the six months ending June 30, no later than 45 days after the end of the financial period, the filing said.

SGX:575

Asia84d ago

Hing Yip Unit to Buy to Lease Back Assets

Hing Yip (HKG:0132) unit Canton Greengold Financial Leasing will buy to lease back certain assets from Chifeng Hesheng Yangguang Heat for 20 million yuan, according to a Friday Hong Kong bourse filing.The assets, comprising designated heat supply equipment and facilities, will then be leased back to the lessee for 60 months for a total lease payment of a little over 24.6 million yuan.

HKG:0132

Asia84d ago

OSG's Net Income Soars 93% in Fiscal Q1

OSG's (TYO:6136) net income attributable to owners of the parent soared 93% to 5.04 billion yen for the fiscal first quarter from 2.61 billion yen a year earlier.The machinery manufacturer's net income per share increased to 54.27 yen from 27.29 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales rose 13% to 42.6 billion yen for the three months ended Feb. 28 from 37.8 billion yen in the prior year.For the full year ending Nov. 30, the company expects attributable net income of 15.4 billion yen, net income per share of 187.46 yen, and net sales of 165 billion yen.OSG plans to pay interim and year-end dividends of 39 yen and 45 yen per share, respectively, for the current year, which is higher than the 28 yen interim and 60 yen year-end dividends paid in the prior-year period.

TYO:6136

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