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FINWIRES

Activia Properties Refinances 5 Billion Yen Long-Term Borrowing with New Loan

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Activia Properties (TYO:3279) is borrowing 5 billion yen from a syndicate of five lenders to repay an existing long-term debt of the same amount maturing Sept. 7.

The new loan carries an interest rate of 0.2325% plus the JBA one-month Japanese Yen TIBOR, with a drawdown date of Sept. 7, 2026, and a maturity date of March 7, 2034.

The five lenders are Mizuho Trust & Banking Co., Resona Bank, The Bank of Fukuoka, Daishi Hokuetsu Bank, and The Joyo Bank, according to a Tokyo bourse filing on Monday.

What else is happening in Asia?

Asia

Sany Heavy Industry Plans Up to 10 Billion Yuan Asset-Backed Securities Issue

Sany Heavy Industry (HKG:6031, SHA:600031) said its board approved plans to establish an asset-backed special purpose vehicle and issue asset-backed securities under a financing lease, with a shelf size of up to 10 billion yuan, according to an Aug. 28 Hong Kong bourse filing.The securities will be backed by accounts receivable held by the company and its subsidiaries and may be issued in multiple tranches over two years, with each tranche having a duration of up to five years.SANY Group, the controlling shareholder, plans to subscribe for all subordinated securities, with total subscriptions capped at 1 billion yuan.

HKG:6031SHA:600031
Asia

Tencent Unveils Hy4 Preview Open-Source AI Model

Tencent (HKG:0700) has released Hy4 preview, an open-source AI model with a total parameter footprint of 770 bytes and an activation parameter size of 49 bytes, according to an Aug 28 social media post.The model targets real-world productivity tasks, including coding, office analytics, game development, and scientific research.The model is now available through Tencent Cloud TokenHub, OpenRouter, and Tencent's productivity products.

HKG:0700
Asia

Samsung Heavy Industries Bags KRW445 Billion Container Ship Project

Samsung Heavy Industries (KRX:010140) secured a 444.5 billion won contract to build two container ships for an unnamed African buyer, according to a filing with the Korean bourse on Monday.The contract is valid from Aug. 28, 2026, to Dec. 27, 2028. Payment will be made as construction progresses, the filing said.Shares of Samsung Heavy Industries fell more than 2% in recent trade.

KRX:010140