FINWIRES · TerminalLIVE
FINWIRES

National Storage REIT Says New South Wales Court Approves Brookfield, GIC Takeover Scheme

-- National Storage REIT (ASX:NSR) confirmed that the Supreme Court of New South Wales has approved the share scheme of arrangement and granted judicial advice for the trust scheme, enabling a Brookfield Funds and GIC-led consortium to proceed with the acquisition of all the company stapled securities, according to a Tuesday Australian bourse filing.

The schemes are now legally effective following lodgment with the Australian Securities and Investments Commission, and the company's securities are expected to be suspended from trading at the close of trading on Tuesday, per the filing.

The scheme record date is April 29, with implementation scheduled for May 8, when security holders will receive the scheme consideration, the filing added.

Related Articles

Asia

HJ Shipbuilding & Construction Wins Public Housing Project; Shares Jump 11%

HJ Shipbuilding & Construction (KRX:097230) secured a private-participation public housing construction project from the Korea Land and Housing Corp.The contract, valued at 68.3 billion won, is valid till Apr. 30, 2029, according to a Wednesday filing with the Korea Exchange.Shares of the shipbuilder jumped over 11% in recent trade.

$KRX:097230
Asia

Greatview Aseptic Packaging's 2025 Profit Falls 81%

Greatview Aseptic Packaging (HKG:0468) booked 52.7 million yuan in attributable profit for 2025, down 81% from 270.2 million yuan in 2024, according to a Hong Kong bourse filing Tuesday.Shares of the firm remained suspended from trading.Earnings per share were 0.04 yuan, compared with 0.19 yuan in the prior year.Revenue fell 17% year on year to 1.86 billion yuan, figures showed.The firm proposed a final dividend of HK$0.006 per share for the year, payable Aug. 6 to shareholders of record on July 7.

$HKG:0468
Asia

Samsung Electronics Launches Induction Cooktop with Built-in Hood

Samsung Electronics (KRX:005930) unveiled a hood-integrated induction cooktop under its Infinite premium appliance line, the electronics products maker said in a Wednesday release.The product comes with a centrally built-in hood that removes smoke and odors from below, along with a heat output of up to 7,400W across all burners.It comes in Satin Black and is priced at 4.79 million won, the release said.Shares of Samsung Electronics fell nearly 1% in recent trade.

$KRX:005930