-- Wuhan Changjin Photonics Technology (SHA:688635) launched its initial public offering on the Shanghai Stock Exchange, according to a Friday bourse filing.
The electronic components manufacturer will offer up to 23.4 million shares, accounting for 25% of its total share capital.
The expected issuance date is on May 18. Guotai Haitong Securities will serve as the lead underwriter.
Wuhan Changjin will have 93.7 million shares in issue following the IPO.
Pengana International Equities (ASX:PIA) said the the management of its global equities portfolio will transition to Antipodes Global Investment Management following the completion of a capital management process, according to a Friday Australian bourse filing.The board proposed an off-market equal-access share buyback under which all eligible shareholders will have the opportunity to tender up to 100% of their shareholding, the filing said.Assuming Pengana remains viable after completion of the buyback, a non-renounceable pro-rata rights issue at after-tax net tangible assets will be considered, per the filing.The board declared a fully franked dividend of AU$0.014 per share for the June quarter, payable on June 16, the filing said. The board expects to declare a fully franked special dividend, subject to final confirmation at declaration.Pengana International Equities' shares were up over 1% in recent trading on Friday.
Japan's real wages in March edged up 1% from the same month a year earlier, resuming the upward trend over the past two months, according to the Ministry of Health, Labor and Welfare on Friday.The growth of real wages is considered essential for Japan to fully recover from its prolonged battle against deflation.Nominal wages, the average total monthly cash earnings per worker, including base, grew 1.6%, according to the government data. Overtime pay also gained 1.9%.
All sectors on the Australian Securities Exchange were in the red in midday trading on Friday, with financial stocks falling past 2% to lead decliners, as oil prices climbed after reports of clashes between the US and Iran in and around the Strait of Hormuz.Commonwealth Bank of Australia (ASX:CBA) and Westpac Banking (ASX:WBC) both shed more than 2%, while National Australia Bank (ASX:NAB) was nearly 3% lower. Shares of Macquarie Group (ASX:MQG) were down more than 2% after earlier hitting a record high following its fiscal year 2026 results.