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FINWIRES

Capstone Copper Completes $25 Million Acquisition of Chile Project

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Capstone Copper (ASX:CSC) completed the acquisition of the San Pietro copper-gold-iron-cobalt project in Chile's Atacama Region for $25 million in Capstone shares, according to a late Monday statement by the company.

The deal expands the company's district-scale land position by about 16,000 hectares and adds the Rincones and Colla deposits, which host an inferred resource of 492 million tonnes grading 0.2% copper and 0.05 grams per tonne gold, comprising 83 million tonnes of oxide and 410 million tonnes of sulfide resources, per the statement.

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