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Asia
Keppel Repurchases Over SG$2 Million Worth of Shares
Keppel (SGX:BN4) bought back 200,000 shares in the open market on Wednesday for about SG$2.2 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased 4.1 million shares under its existing buyback mandate.
$SGX:BN4
Asia
Trans-China Automotive's Q1 Revenue Declines 7%
Trans-China Automotive's (SGX:VI2) revenue dropped 7.3% to 425.3 million yuan in the first quarter from 458.9 million yuan a year earlier, according to a Wednesday filing with the Singapore Exchange.Trans-China attributed the decline to ceasing new car sales operations in its BMW Guangzhou dealership.The automotive dealership said it delivered 1,142 units between January and March, down 12.4% from the year-ago period.Shares of the company closed 8% lower on Wednesday.
$SGX:VI2
Asia
Aichi Financial Group and San ju San Financial Group to Merge
Aichi Financial Group (TYO:7389) and San ju San Financial Group (TYO:7322) will create a regional banking group with total assets worth more than 11.6 trillion yen, based on a basic agreement signed on Wednesday.The two companies aim to complete the business integration through an absorption-type merger by April 1, 2027, following the execution of a definitive agreement in September 2026 and shareholder approvals in December 2026.The merger is driven by the need to respond to Japan's declining population, the transition to a "world with interest rates," and intensifying competition from IT and digital technologies.The companies will maintain their separate bank brands after integration, operating under a two-brand structure.The merger remains subject to obtaining necessary approvals from relevant regulatory authorities, and the merger ratio will be determined later based on due diligence and third-party valuation.
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