Financial News · Live Terminal

Page 944 of 1205

DigiCo Infrastructure REIT Agrees to Sell Chicago Facility for $750 Million

DigiCo Infrastructure REIT (ASX:DGT) agreed to sell its Chicago facility for $750 million to a third-party North American fund manager, according to a Wednesday filing with the Australian bourse.The sale, expected to reach financial close in the first quarter of fiscal year 2027, is anticipated to release net cash proceeds of AU$360 million post repayment of asset-level debt and increase available liquidity to AU$900 million, the filing said.The company maintained its fiscal year 2026 underlying earnings before interest, taxes, depreciation, and amortization guidance of AU$125 million, per the filing.

ASX:DGT

Asia102d ago

Atlas Arteria Recommends Shareholders Reject Takeover Offer From IFM

Atlas Arteria's (ASX:ALX) board recommended shareholders reject an unsolicited takeover offer from IFM, saying it materially undervalues the company, according to a Wednesday filing with the Australian bourse.IFM's offer to acquire the remaining shares of Atlas at AU$4.75 each in cash "is too low" and subject to extensive conditions that might never be satisfied or waived, the company said, adding that some conditions "are already incapable of being satisfied."The offer is also opportunistic in its timing, and came just five days after Atlas issued a right of first offer notice in relation to its interest in the Chicago Skyway toll road, the company said.Atlas further pointed to structural deficiencies with both the offer and the disclosure in the bidder's statement, saying that IFM has refused to adequately address these issues."The offer is designed to accelerate IFM's creep to effective control of Atlas Arteria without paying a fair premium to securityholders," the company said.

ASX:ALX

Asia102d ago

ASX Preview: Australian Shares Set to Rise as Iran-US Ceasefire Holds; DPM Metals Posts Higher Q1 Adjusted Earnings, Revenue

Australian shares are poised to rise on Wednesday as easing fears over Middle East supply disruptions and signs of a still-contained Iran-US ceasefire helped steady global risk sentiment, even as tensions around the Strait of Hormuz and intermittent strikes continued to keep energy markets on edge.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.8%, 1%, and 0.7%, respectively.In the macroeconomy, Australia's industry activity remained in contraction in April despite a 9.8 point rebound, as persistent weakness in manufacturing and construction and rising fuel-driven cost pressures outweighed early signs of stabilization in orders and employment, Australian Industry Group said on Wednesday.In corporate news, DPM Metals (ASX:DPM) reported Wednesday first quarter adjusted earnings of $0.76 per basic share on revenue of $310.4 million, compared with adjusted earnings of $0.32 on revenue of $144.1 million a year earlier.Atlas Arteria's (ASX:ALX) independent directors have unanimously urged shareholders to reject IFM's takeover offer, calling it opportunistic, highly conditional, and a material undervaluation of the company's assets and long-term value.Australia's benchmark index fell 0.2% or 16.6 points to close at 8,680.50 on Tuesday.

ASX 200ASX:ALXASX:DPM

Asia102d ago

St George Mining Appoints Worley For Brazil Niobium-Rare Earths Project Technical Advisory Services

St George Mining (ASX:SGQ) appointed Worley (ASX:WOR) subsidiary Worley Engenharia to provide technical advisory services for the potential development of a niobium and rare earths mine at its Araxá project in Brazil, according to a Wednesday Australian bourse filing.St George Mining Brasil, a wholly-owned unit of St George, entered into a technical services agreement with Worley Engenharia, under which Worley will provide engineering and project management advice to support development studies.St George also engaged metallurgical experts in Australia to provide advice on metallurgical matters and serve as the competent persons for metallurgy disclosures.

ASX:SGQASX:WOR

Asia102d ago

Amcor Sells Two US-Based Beverage Closure Compression Molding Facilities to Closure Systems

Amcor (ASX:AMC) divested two beverage closure compression molding facilities from its Rigid Packaging Solutions North America business to Closure Systems, according to a Wednesday statement from Closure Systems.One of the facilities is an around 183,000-square-foot site in Erie, Pennsylvania, while the other is an around 119,000-square-foot site Hattiesburg, Mississippi.Financial terms were not disclosed.

ASX:AMC

Asia102d ago

Emerald Resources Secures Final Works Approval for Western Australia Gold Project

Emerald Resources (ASX:EMR) received approval from Western Australia's Department of Water and Environmental Regulation for its wholly owned Dingo Range Gold Project, effectively enabling the project to proceed to development, according to a Wednesday filing with the Australian bourse.The regulatory approval covers key infrastructure including the processing plant, power station, tailings storage facility, and associated works required for future gold production, per the filing.The company has completed and commissioned on-site accommodation for construction and operational staff and continues drilling through 2026 to support resource updates, including open-pit extensions and potential underground development, while advancing a maiden ore reserve, the filing said.The company also has committed around AU$30 million to acquire two 8,000 kilowatts Metso SAG mills for its operations, along with a crushing circuit for Dingo Range, the filing added.

ASX:EMR

Asia102d ago

Regis Resources, Vault Minerals Merger of Equals Creates Meaningful Scale, Says Euroz Hartleys

Regis Resources (ASX:RRL) and Vault Minerals (ASX:VAU) proposed a merger of equals that would create a mid-tier gold producer of meaningful scale and a combined market capitalization of roughly AU$10.7 billion, Euroz Hartleys said in a note on Tuesday.Under the proposed deal, Vault shareholders will receive 0.6947 shares in Regis for each Vault share owned. Regis shareholders will own about 51% of the merged company and Vault shareholders the remaining 49%, as per a Tuesday joint filing with the Australian bourse.The merger, which will translate to over 700,000 ounces of gold production per year through five operating assets across Western Australia, benefits from a debt-free balance sheet, a robust and growing reserve and resource base, and potential operational synergies that could cut costs.The increased capitalization will also bolster liquidity, lower the cost of capital and support future growth and shareholder returns, it added.Euroz Hartleys maintained a buy rating for Vault and is reviewing a price target for the company.

ASX:RRLASX:VAU

Asia102d ago

Westpac Banking Expands Growth and Risk Appetite, Says Jarden

Westpac Banking (ASX:WBC) has "meaningfully" boosted its growth and risk appetite to achieve a larger balance sheet and higher revenue base to increase earnings, Jarden said in a note on Tuesday.The bank's total capital in the three months to March came in at AU$98.54 billion, up from the AU$97.14 billion it reported in the year-ago period. Its CET1 capital for the period clocked in at AU$56.94 billion, rising from the AU$55.01 billion it reported for the March 2025 quarter, according to a Tuesday Australian bourse filing.The investment firm said Westpac's UNITE program, aimed at optimizing its internal technology systems, is the right move but may not be easy. It is expected to cost more, take longer and could lead to write offs.Analysts at the brokerage also cautioned that accelerating growth and the company's increased risk appetite could prove ill-timed if the current Middle East conflict sets off a credit cycle.Jarden provided an underweight rating and price target of AU$32.

ASX:WBC

Asia102d ago

Duratec Secures AU$68 Million Northern Australia Contract

Duratec (ASX:DUR) received a contract worth around AU$68 million from Clough BMD joint venture to deliver construction and commissioning works for the Darwin Ship Lift Facility in northern Australia, according to a Wednesday filing with the Australian bourse.The project, led by the Northern Territory Government, is a major infrastructure initiative to position Darwin as a maritime services hub for defense, border protection, energy, tourism, and aquaculture vessels, per the filing.The company's scope of work includes the construction of a blast and paint facility and washdown bay slab, as well as the installation and commissioning of systems such as dust collectors, tanks, water treatment, heating, ventilation, and air conditioning, communications, electrical, and hydraulic systems, the filing said.Construction is scheduled to start in June and is expected to be completed between mid and late 2027, the filing added.

ASX:DUR

Asia102d ago

JB Hi-Fi Posts Higher Fiscal Q3 Australia, New Zealand Sales

JB Hi-Fi (ASX:JBH) reported that its Australia sales for the fiscal third quarter rose 2.6% on a comparable basis, according to a Wednesday filing with the Australian bourse.The company's comparable sales in New Zealand rose past 15%, while The Good Guys comparable sales jumped 2.5%, the filing added. Sales from e&s fell 4.8%.

ASX:JBH

Asia102d ago

DPM Metals Posts Higher Q1 Adjusted Earnings, Revenue

DPM Metals (ASX:DPM) reported Wednesday first quarter adjusted earnings of $0.76 per basic share, up from $0.32 a year earlier.Analysts polled by FactSet expected earnings of $0.76.Revenue for the three months ended March 31 was $310.4 million, compared with $144.1 million a year earlier.Analysts surveyed by FactSet expected $312.4 million.The company expects to process 2.9 million to 3.1 million tonnes of ore, produce 305,000 to 365,000 ounces of gold equivalent in concentrates, and achieve an all-in sustaining cost of $1,300 to $1,450 per gold equivalent ounce sold in 2026.The board declared a second quarter dividend of $0.04 per share, unchanged from the prior corresponding period, payable July 15 to shareholders on record as of June 30.

ASX:DPM

Asia102d ago

Infratil Says CDC Data Centres Secures 555-Megawatt Contract

Infratil (ASX:IFT, NZE:IFT) said its CDC Data Centres business has signed a 30-year agreement with an unnamed US investment-grade client for 555 megawatts of capacity, according to Wednesday filings with the New Zealand bourse.The capacity will be delivered across campuses coming online in fiscal 2028 to fiscal 2029, with options to extend the deal by up to 20 years, per the filing.CDC expects its fiscal 2027 guidance to remain unchanged at AU$680 million to AU$720 million for earnings before interest, taxes, depreciation, amortization, and fair value changes (EBITDAF), with projected capital expenditure of AU$3.8 billion to AU$4.2 billion to support expansion, the filing said. It anticipates EBITDAF to exceed AU$1 billion by fiscal 2028 and reach around AU$2 billion annually at full deployment of the contract.CDC plans to fund growth through existing cash, debt facilities, and hybrid financing without requiring additional equity beyond the recent AU$500 million shareholder contribution, the filing added.

ASX:IFTNZE:IFT

Asia102d ago

Cofoe Medical Technology Nets HK$1 Billion From Hong Kong IPO Ahead of Debut

Cofoe Medical Technology (HKG:1187, SHE:301087) raised HK$1.01 billion in net proceeds from its initial public offering in Hong Kong.The offer price was set at HK$39.33 per H-share, according to a Tuesday after-market filing with the Hong Kong Stock Exchange.The China-based home care medical device provider offered 27 million H-shares in the global offering.The Hong Kong public offer was 399.08 times subscribed, with 2.7 million shares allocated, representing 10% of the total offering.The international offering was 3.4 times subscribed, with 24.3 million shares allocated, accounting for 90% of the total offering.Cornerstone investors, including Lens Technology (HK), Changsha Yufeng Technology, Vision Capital, and Panjing Harbourview Investment Fund, were allocated about 9.7 million shares in the international tranche, according to the filing.Cofoe Medical is scheduled to begin trading in Hong Kong on Wednesday, May 6.

HKG:1187SHE:301087

Asia102d ago

Ventia Services Group Says Macquarie Group Becomes Substantial Holder

Ventia Services Group (ASX:VNT, NZE:VNT) received notice that Macquarie Group (ASX:MQG) and its affiliates became a substantial holder of the company on April 30, according to a Wednesday filing with the New Zealand bourse.Macquarie Group now owns 42.9 million shares in the company, representing a 5.23% voting power, the filing said.

ASX:MQGASX:VNTNZE:VNT

Asia103d ago

Market Chatter: Indonesian Central Bank Steps In as Rupiah Depreciates to Record Low

Bank Indonesia stepped into foreign-exchange markets after the rupiah weakened 0.2% to a record low of 17,422 per dollar, Bloomberg reported Tuesday.The intervention efforts by the central bank included offshore and onshore non-deliverable forwards, spot transactions, and secondary-market bond purchases, according to the report, citing a text message by Erwin Hutapea, executive director of monetary and securities management.Hutapea reassured that the central bank will continue taking measures to stabilize the rupiah, the report said.(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.)

^JKSE

Asia103d ago

Softcare Controlling Shareholder Boosts Stake

Softcare (HKG:2698) controlling shareholder Yang Yanjuan further increased her stake in the company.The 1,016,000 shares were acquired from the open market at around HK$29.21 apiece from April 27 until Tuesday, according to a same-day filing on the Hong Kong bourse.Yang is the spouse of Shen Yanchang, the hygiene products maker's founder, chairman, and controlling shareholder. Together, they own a 53.6% stake in Softcare.

HKG:2698

Asia103d ago

Hong Kong Johnson Units Bag Street Cleaning, Security Service Contracts

Hong Kong Johnson's (HKG:1955) unit Johnson Cleaning Services was awarded a three-year contract worth HK$230 million by the Hong Kong government's Food and Environmental Hygiene Department, according to a Tuesday Hong Kong bourse filing.Work under the contract, which comprises street cleansing services in Specific Outlying Islands, began April 1.Another subsidiary, Wyson Security Services, bagged a HK$25 million three-year security services contract from a public transportation service provider in Hong Kong. The agreement began March 1.

HKG:1955

Asia103d ago

Avantel Gets INR30 Million Additional Order from Bharat Electronics

Avantel (NSE:AVANTEL, BOM:532406) received an upsized order from Bharat Electronics (NSE:BEL, BOM:500049) for the supply of power amplifiers.The amendment adds an order value of 30.1 million rupees to the earlier contract of 80.3 million rupees and will be executed by July, the Tuesday filing said.

BOM:500049BOM:532406NSE:AVANTELNSE:BEL

Asia103d ago

China Environmental Resources Unit Leases Hong Kong Premises

China Environmental Resources (SGX:UIX, HKG:1130) unit International Richway agreed to lease premises in Hong Kong from landlords Ng Keung and Wong Pui Wa, according to a Tuesday Hong Kong bourse filing.The three-year lease began Tuesday, May 5, 2026, and will end May 4, 2029, the metal recycling company said.The premises comprise a unit in Concordia Plaza in Kowloon, Hong Kong, intended for office use.

HKG:1130SGX:UIX

Asia103d ago

KEC International Wins Orders Worth INR10 Million Across T&D, Wind and Rail Segments

KEC International (NSE:KEC, BOM:532714) said it has secured new orders worth around 10.0 billion Indian rupees across its transmission and distribution, renewable and rail-related businesses, according to a Tuesday filing.The transmission and distribution orders include HVDC transmission lines in western India, 132 kV cabling work in eastern India, and supply of towers and related equipment in the Americas, the filing said.The company also received a wind energy project order of over 100 MW in southern India and two orders in the automatic block signaling segment, it added.

BOM:532714NSE:KEC

Showing 18861-18880 of 24090