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Asia
Jefferies Adjusts TCI Express' Price Target to INR635 From INR805, Keeps at Buy
TCI Express (NSE:TCIEXP, BOM:540212) has an average rating of overweight and mean price target of 596.62 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
$BOM:540212$NSE:TCIEXP
Asia
Delpha Construction Snaps Up Taipei Development Site for NT$817 Million; Shares Rise 5%
Delpha Construction (TPE:2530) acquired land in Taipei, Taiwan, for NT$816.8 million, according to a Friday Taiwan Exchange filing.Shares gained over 5% in Monday's late afternoon trade.The purchase covers two land parcels with a total area of 1,000 square meters, or about 302.5 ping.The seller is an individual and is not related to the company, it said.The site will be used for the development of residential properties for sale, Delpha Construction said.
$TPE:2530
Asia
China Kings Resources Suspends Zhejiang Mine Operations
China Kings Resources (SHA:603505) suspended operations at its fluorite mines in Zhejiang, China following regulatory requirements for strict, mine-by-mine safety inspections.Subsidiary Dajinzhuang Mining received a formal order to rectify hazards by June 15, with production halted until approval, according to a weekend filing with the Shanghai bourse. Other Zhejiang mines, including Changshan Jinshi and Longquan Fluorspar, are conducting self-inspections awaiting re-approval.The suspension affects about 30,000 tons of monthly fluorite production, with 2026 target of 400,000 tons to 450,000 tons likely to be impacted.China Kings Resources will use inventory and subsidiaries outside Zhejiang to mitigate short-term effects.Shares of the company closed 3% higher Monday.
$SHA:603505