New World Development considers HK$25 billion rights issue
The Hong Kong developer has reportedly appointed banks to prepare the potential fundraising, while trading in its shares has been suspended.
Samsung weighs acquisition of data center cooling supplier Modine
Modine shares rose 29% in extended trading after a media report on the discussions, which could still end without an agreement.
Samsung Electronics is discussing a possible acquisition of Modine Manufacturing, a U.S.-listed supplier of data center cooling systems, according to a media report citing people familiar with the matter.
An agreement could be reached within weeks, the report said. However, no final decision has been reached, the negotiations could collapse and a competing bidder could emerge.
Modine's shares gained 29% in extended trading on November 12 following the report. LSEG data put its market value at $5.6 billion that day.
Neither Samsung nor Modine was immediately available to comment.