FINWIRES · TerminalLIVE
FINWIRES

HD Renewable Energy Plans Private Placement of Up to 15 Million Shares

-- HD Renewable Energy (TPE:6873) plans to undertake a private placement of up to 15 million shares, according to a Friday Taiwan Exchange filing.

The placement will be offered to selected investors to be identified later, according to a Friday Taiwan Exchange filing.

The issue price will be set at no less than 80% of a benchmark market price, subject to shareholder approval, it said.

Proceeds will be used to bolster working capital, improve efficiency, and enhance competitiveness, while reinforcing the group's financial structure.

Related Articles

Research

Research Alert: CFRA Maintains Hold Opinion On Adss Of Infosys Limited

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We reduce our 12-month target price to USD13 from USD14.00 by rolling forward our valuation to FY 28 EPS and applying a P/E of 14.4x. This represents a 1.25 standard deviation discount to its 10-year average of 21.6x. The lower multiple reflects constrained earnings visibility due to AI-led efficiency, cautious discretionary spending, and limited visibility on deal conversion timing. We maintain our FY 27 revenue forecast at USD20.9B and introduce our FY 28 revenue estimate of USD21.7B, implying gradual growth as pipeline conversion improves but remains measured. We also maintain our FY 27 EPS view at USD0.85 and introduce FY 28 EPS of USD0.88, reflecting stable margins with modest revenue growth. We remain cautious as cyclical segments continue to weigh on growth, with weakness in manufacturing and telecom offsetting strength in core enterprise verticals. We believe earnings will improve only when deal ramp-ups become more consistent and client spending recovers.

$INFY
Commodities

Ecopetrol Expands Brazil Push With Brava Stake Deal, Tender Offer Ahead

Ecopetrol (EC) agreed to acquire a 26% stake in Brava Energia and plans a $23-per-share tender offer to secure a 51% controlling interest, the company said Thursday.The company signed a share purchase deal on April 23 with Jive, Yellowstone and Bloco Somah Printemps Quantum, key Brava shareholders, to acquire 120,813,490 shares representing about 26% of its equity, it said.Brava was formed in 2024 after 3R Petroleum Oleo e Gas merged with Enauta Participacoes, creating a Brazil-focused oil and gas player with operations across offshore and onshore basins.Brava reported $806 million in EBITDA for 2025 with a 39% margin and ranks as the second-largest independent oil company listed in Brazil by reserves and production, the company said.Ecopetrol will complete the transaction only after meeting conditions, including Brazil's Administrative Council for Economic Defense approval, financing consents, and acquiring enough shares to reach a 51% voting stake, Ecopetrol added.The company plans a voluntary tender offer on Brazil's B3 exchange at 23 Brazilian reais ($4.58) per share to acquire additional equity and reach majority control, the company added.The offer implies a 27.8% premium over Brava's 90-day volume-weighted average price and will extend on equal terms to all shareholders under applicable regulatory rules, the company said.Ecopetrol expects to fund the acquisition through a bridge loan, subject to closing conditions and regulatory approvals tied to the transaction, it said.The deal would add proportional reserves from Brava's 459 million barrels of oil equivalent reported at year-end 2025 under Petroleum Resources Management System standards, Ecopetrol added.Ecopetrol would also gain a proportional share of Brava's 2025 output of about 81,000 barrels of oil equivalent per day, boosting production stability and cash flow, it said.Ecopetrol said the deal will expand its footprint in Brazil, diversify assets in a high-growth region, and strengthen its international portfolio once it meets all closing requirements.Price: $14.01, Change: $-0.42, Percent Change: -2.91%

$EC
Australia

BofA Adjusts Price Target on Cheesecake Factory to $66 From $70

Cheesecake Factory (CAKE) has an average rating of hold and mean price target of $64.06, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $61.47, Change: $-0.41, Percent Change: -0.67%

$CAKE