New York-listed China Yuchai International unveiled an internal combustion engine powered entirely by ammonia and designed for heavy‑duty commercial vehicles, parent Hong Leong Asia (SGX:H22) said in a Thursday filing with the Singapore Exchange.
Developed by operating subsidiary Guangxi Yuchai Machinery, the engine aims to provide a zero-carbon power solution for heavy-duty, long-haul commercial transport.
Shares of Hong Leong fell almost 6% in midday trade on Friday.
Toyo Tire's (TYO:5105) profit attributable to owners of the parent rose 15% to 15.5 billion yen for the first quarter from 13.5 billion yen a year earlier.The tire and rubber product manufacturer's net sales slipped 3.4% to 131 billion yen for the three months ended March 31 from 136 billion yen in the prior year, according to a Tokyo bourse filing on Friday.In a separate disclosure, Toyo Tire said the Middle East situation is expected to hit operating income by 16.6 billion yen, but expects to mitigate the impact through multiple measures.For the year ending Dec. 31, the company kept its operating income forecasts intact at 94 billion yen and annual dividend estimate unchanged at 135 yen per share.
VPower Group's (HKG:1608) proposed offshore debt restructuring lapsed after failing to become effective by the longstop date, according to a Thursday Hong Kong bourse filing.Shares of the distributed power provider were down over 29% in late morning trade on Friday.The restructuring agreement, signed in November 2025, covered about HK$2.08 billion in offshore debt and included plans to extend remaining maturities by 5.5 years from Sept. 2, reduce interest rates and waive certain existing breaches.Upon completion, the offshore debt would have been reduced to a restated principal of about HK$1.38 billion.VPower said no agreement had been reached with lenders to further extend the longstop date under the restructuring master agreement.The company said it is continuing to work with professional advisers on a holistic restructuring solution for its offshore debts and other outstanding obligations.
Alibaba Health Information Technology (HKG:0241) proposed a 10 billion yuan reduction in its share premium account to facilitate dividend distributions, according to a Thursday Hong Kong bourse filing.Shares of the digital health service provider fell 7% in late morning trade on Friday.The company said the proposed reduction would transfer the amount from its share premium account to contributed surplus, enabling payment of a final dividend and a special dividend for the year ended March 31.Alibaba Health proposed a final dividend of 0.0595 yuan per share and a special dividend of 0.1352 yuan per share.The company said the proposal was necessary because it had insufficient contributed surplus available for distribution.Alibaba Health's share premium account stood at about 51.7 billion yuan as of March 31, the filing showed.