Financial Wire

Eden Innovations Launches Defence-Focused Business Division, Shares Rise 22%

-- Eden Innovations (ASX:EDE) said it has launched EdenShield, a new business division focused on the commercialization of its technologies for defense, military, and critical infrastructure sectors, according to a Friday Australian bourse filing.

The company said the unit will market its EdenCrete range of carbon nanotube (CNT) enhanced concrete admixtures for use in manufacturing ultra-high performance concrete, along with CNT-infused high-strength lightweight plastics and a dual-fuel diesel system for backup power generation.

Eden Innovations said EdenShield will also focus on a range of CNT-enriched paints and coatings offering electromagnetic pulse and radiofrequency shielding capabilities, along with a pipeline of next-generation CNT-based polymers, coatings, and radiation-absorbent materials with potential military and aerospace applications.

Eden Innovations' shares surged 22% in recent Friday trade.

Related Articles

Asia

Hainan Expressway Issues 300 Million Yuan in Short-Term Commercial Papers

Hainan Expressway (SHE:000886) issued short-term commercial papers amounting to 300 million yuan, according to a Shenzhen bourse filing on Friday.The bonds have an interest rate of 1.65% and a term of 365 days, maturing on April 16, 2027.The expressway operator's shares fell 2% during the midday trade.

$SHE:000886
Asia

Beijing Oriental Yuhong Waterproof's Q1 Profit Soars 109%, Revenue Jumps 21%

Beijing Oriental Yuhong Waterproof Technology's (SHE:002271) net profit attributable to shareholders in the first quarter soared 109% to 401.8 million yuan from 192.4 million yuan a year earlier, according to a Shenzhen bourse filing on Friday.Earnings per share surged year on year to 0.17 yuan from 0.08 yuan.Operating revenue rose 21% to 7.19 billion yuan from 5.95 billion yuan in the preceding year.The waterproofing system provider's shares slipped over 1% during the morning trade.

$SHE:002271
Asia

CCI Group's Hokkoku Bank Reports 6.56 Billion Yen Unrealized Losses on Securities

CCI Group (TYO:7381) said its unit Hokkoku Bank recorded 6.56 billion yen in unrealized losses on held-to-maturity securities as of March 31, according to a Friday filing on the Tokyo Stock Exchange.The losses amounted to 53% of consolidated ordinary income and 81% of net income attributable to owners of the parent for the fiscal year ended March 2025.The securities had a book value of 171.14 billion yen and a market value of 164.58 billion yen, resulting in net unrealized losses of 6.56 billion yen.

$TYO:7381