Quickflix is asking its customers to buy up to AU$1 million in new shares after selling only AU$650,000 worth of the AU$5.7 million share offer that it hoped would bolster its presence prior to the Australian launch of rival Netflix next year.
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A filing to the Hong Kong stock exchange shows that Ma Huateng, chairman of Chinese technology giant Tencent Holdings Ltd, sold a total of 25.1 million shares in four consecutive days last week, leading to a share decline on Wednesday.
Early trading sees shares in the health software developer lift from NZ$5.70 to NZ$6.60 after its NZ$125 million IPO.
Singapore telco reports a 19.3 percent growth in net profit to S$1.04 billion (US$805.85 million) on revenue totaling S$4.31 billion for the second quarter, but sees losses in digital life group on new investments.
NEC Australia is heading back towards profitability, after reporting two annual losses since taking on CSG Technology Solutions for AU$227 million in 2012, according to NEC Australia managing director Tetsuro Akagi.
Telstra has bought back more than 217.4 million shares from shareholders in an AU$1 billion share buyback.
China's second-largest e-commerce player receives a funds injection after the Singapore investment firm buys up 602,139 shares for US$17.2 million. Temasek also forks out US$12.8 million for Chinese security software maker, Cheetah Mobile.
Trading under the ticker WB, the Chinese microblogging service cuts its shares offer to 16.8 million at US$17 each, due to concerns over slowing user growth and slowing U.S. IPO market.
Authorities identify 10 suspects, including Acer spokesperson Henry Wang, after conducting raids at 14 office locations to investigate allegations that shares were sold just before the Taiwanese PC maker was due to announce its third-quarter 2013 losses.
Insiders say that Dell's anticipated layoff programme will begin this week, with roughly 15,000 employees due for the chop.
Investors hoping to hear something new about Apple's share repurchase program were disappointed by more than its sluggish iPhone sales. With the stock under even more pressure, Carl Icahn announced he'd purchased another $500 million worth of shares.
Mark Zuckerberg has given 18 million Facebook shares to charity in 2013 increasing the value of his donations from $500 million to almost $1 billion.
The beleaguered smartphone maker's new chief executive John Chen will receive 13 million shares of restricted BlackBerry stock in efforts to turn the company around.
The microblogging giant, set for an initial public offering in the coming months, expects to see its shares priced in the low-end double-digits.
Analysts say the Taiwanese smartphone maker may remain profitable in 2013 after it announced plans last week to sell its remaining shares in Beats Electronics for US$265 million.
Brings total losses for the ill-fated joint venture to AU$37.8 million.
The American business magnate just upped the ante in his battle against Michael Dell.
All of them are owned by U.S. hedge fund Third Point. The price: $29.11 per share.
Vodafone Australia's customer losses have continued in 2013, with over half a million customers leaving the company in the first six months of this year.
Losses widen for the firm amid a US$83 million legal action from its creditors and fraud allegations by India's stock market regulator.