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HMA Agro Industries to Sell Entire Stake in Two Wholly-Owned Subsidiaries

HMA Agro Industries (NSE:HMAAGRO, BOM:543929) has agreed to sell its entire stake in its non-operational wholly-owned subsidiaries, FNS Agro Foods and Laal Agro Food, to individual buyers, according to a Tuesday filing to the Indian stock exchanges.The company will sell its entire stakeholding in FNS Agro Foods, comprising 895,593 equity shares of face value of 10 rupees each, and 9,999 equity shares of face value of 10 rupees each of Laal Agro Food.Both transactions are expected to be completed by May 30, after which the two arms will no longer be subsidiaries of the company.

$BOM:543929$NSE:HMAAGRO

Asia2d ago

H2G Green's Unit Commissions LNG Facility; Shares Zoom 17%

H2G Green's (SGX:5AI) subsidiary, GasHubUnited Utility, commissioned a major liquefied natural gas facility in Singapore, according to a Monday filing with the Singapore Exchange.Shares of the energy solutions company surged nearly 17% in Tuesday trading.The contract was secured from a large-scale laundry provider which operates over 12,000 square meters of production across three plants.The unit will design, construct and commission the facility to support the laundry provider's thermal energy needs.

$SGX:5AI

Asia2d ago

China Blocks Meta's $2 Billion Deal to Acquire Manus

China is requiring Meta to unwind its $2 billion deal to acquire artificial intelligence startup Manus after a review, the National Development and Reform Commission said in a Monday disclosure.The regulator said the decision was "in accordance with laws and regulations, and has required the parties involved to withdraw the acquisition transaction."A spokesperson for Meta told CNBC that the deal fully complied with the law, according to a Monday report.Manus, which relocated to Singapore after being established in China, develops AI agents, including one that can conduct complex tasks such as market research and coding, CNBC said.

$^SSEC$^SZSE

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Financial News · Live Terminal

HMA Agro Industries to Sell Entire Stake in Two Wholly-Owned Subsidiaries

H2G Green's Unit Commissions LNG Facility; Shares Zoom 17%

China Blocks Meta's $2 Billion Deal to Acquire Manus

HMA Agro Industries to Sell Entire Stake in Two Wholly-Owned Subsidiaries

H2G Green's Unit Commissions LNG Facility; Shares Zoom 17%

China Blocks Meta's $2 Billion Deal to Acquire Manus

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