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Real-time News
On August 18, Salt Lake Co., Ltd. announced the termination of its Letter of Intent for Project Cooperation with Highland Resources, Yankuang Energy, and EMR Capital. The company had originally planned to subscribe for approximately US$300 million in cash in common shares issued by Highland Resources, becoming its largest shareholder and gaining control. After a comprehensive assessment, the company concluded that conditions were not yet ripe for further cooperation on the project, and has therefore decided to terminate the cooperation. This termination will not adversely impact the companys financial position or production and operations.On August 18, the Russian Ministry of Defense reported on the 17th that over the past day, Russian forces struck Ukrainian missile, ammunition, and drone depots, as well as temporary deployments of Ukrainian armed forces and foreign mercenaries in 142 regions. Russian air defense forces shot down 300 Ukrainian drones within 24 hours, intercepting a Ukrainian drone attempting to attack a nuclear power plant in Smolensk Oblast. The Ukrainian state news agency, Ukrainian News Agency, quoted a source in the Main Intelligence Directorate of the Ukrainian Ministry of Defense on the 17th as saying that Ukraine launched an attack on the Lisky Railway Station in Voronezh Oblast, Russia, a key logistics hub for Russian military ammunition transport. The attack disrupted local rail traffic and forced the Lisky Railway Station to cease operations. The Main Intelligence Directorate of the Ukrainian Ministry of Defense stated that Ukraine launched an attack on a Russian ammunition depot and assembly point in Melitopol, Zaporizhia Region, on the 16th.Shares of South Korean shipping company HMM rose 7.9% after it announced a plan to buy back up to 2.1 trillion won worth of shares.Australian Competition and Consumer Commission: Google should pay a total of A$55 million in fines.Australian Competition and Consumer Commission: Google (GOOG.O) admitted to anti-competitive behavior involving Google Search.
