Suzhou Tianmai Thermal Technology (SHE:301626) submitted updated application documents, including the prospectus registration draft, for its issuance of convertible corporate bonds, according to a Wednesday filing with the Shenzhen Stock Exchange.
The Shenzhen bourse's listing committee approved the issuance application on April 24.
Shares of the thermally conductive and heat-dissipating product manufacturer slipped 2% in recent trade.
Crisil Ratings placed its A+ long-term and A1 short-term ratings on the bank facilities of Anupam Rasayan India (NSE:ANURAS, BOM:543275) on "Rating Watch with Developing Implications" following the company's proposed acquisition of a 43.3%-48.2% stake in Bliss GVS Pharma, according to a company filing with Indian bourses on Wednesday.The agency also assigned an A+ rating to the proposed non-convertible debentures and placed the rating on watch.Crisil said the watch reflects uncertainty over the funding structure and regulatory approvals for the transaction. It expects Anupam Rasayan to raise about 3 billion rupees of debt, with the remaining funding to come from a global investment management fund through a non-controlling, non-voting equity investment.The rating agency said it will resolve the watch after obtaining greater clarity on the acquisition funding and approvals, adding that it does not expect the ratings to move by more than one notch.
Sumitomo (TYO:8053) signed a deal with U.S. decarbonization startup Graphyte to set up a joint venture for a carbon dioxide removal (CDR) business, according to a Thursday release.The Japanese trading house will own 49% stake in the joint venture, while Graphyte will hold a 51% stake.The joint venture will initially look into the generation and sale of CDR credits centered on Graphyte's Arkansas-based Loblolly project, which uses rice hulls.The Loblolly project has operated for more than two years and aims to remove 50,000 metric tons of carbon dioxide annually.The venture will eventually expand its business portfolio by taking part in several projects across North America as well as potentially catering to Japanese companies, according to the release.
Australian shares retreated on Thursday as renewed hostilities between the US and Iran began anew and peace talks showed little progress.The S&P/ASX 200 Index fell 1.13%, or 99.60 points, to close at 8,686.10.Brent crude oil futures fell to trade at around $96 per barrel after Lebanon and Israel agreed to a potential conditional ceasefire.Iron ore fell over 1% to $102.25 per tonne in Singapore after exports from Guinea's Simandou iron ore project rose in May.The main stock indices on Wall Street fell overnight, with the S&P 500 dropping 0.7% and the Nasdaq falling 0.9%, while the Dow Jones fell 1.2%.On the domestic front, Australia's goods balance recorded a seasonally adjusted surplus of AU$1.79 billion in April, up from a deficit of AU$1.02 billion in March, according to data published by the Australian Bureau of Statistics.Australia's economy faces mounting pressure from a softening labor market, stubborn inflation, and global energy uncertainty, weighing on growth and reshaping the property outlook, according to Bendigo Bank's Chief Economist, David Robertson.In company news, Treasury Wine Estates (ASX:TWE) expected fiscal year 2026 earnings before interest, tax, material items, and self-generating and regenerating assets (EBITS) to reach AU$480 million to AU$490 million. The firm projects fiscal year 2027 performance at least in line with the year prior, citing continued progress in normalizing customer inventory levels across China and the US.IperionX (ASX:IPX) said its definitive feasibility study for its Titan critical minerals project in the US returned an after-tax net present value of $813 million at an 8% discount rate, an after-tax internal rate of return of 39%, and an after-tax payback period of 3.6 years.Tasmea (ASX:TEA) declared a fully franked special dividend of AU$0.10 per share, representing a capital return of about AU$26.2 million. The dividend is payable June 25 to shareholders on record as of June 10. It also reconfirmed its fiscal year 2026 earnings guidance. Its shares earlier hit an all-time peak.