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US Firm Elmet to Buy $125 Million Stake in Vietnam's Masan High-Tech Materials

US-based The Elmet Group will invest $124.8 million to acquire a 4.99% stake in Vietnam-based Masan High-Tech Materials, according to a Wednesday company release.The deal includes long-term agreements for Masan to supply tungsten from its Nui Phao Mine and provide tungsten processing services in Vietnam.The companies will pursue increased refining throughput, new product development and a broader international customer base, while Elmet will receive a seat on Masan's board.The transaction is subject to customary regulatory and corporate approvals and is expected to close in the third quarter of 2026.

^HNX^HOSE

Asia15m ago

Estun Automation Proposes Unit Stake Buyback for 251 Million Yuan; Shares Rise 3%

Estun Automation (HKG:2715) has proposed buying back about a 45% stake in its indirect subsidiary, Estun Intelligent Technology, for nearly 251 million yuan, according to a Wednesday filing with the bourse.If the transaction goes through, the company will own a 95% stake in the unit.Shares were last up 3% in late-morning trading on Thursday.

HKG:2715

Asia17m ago

Market Chatter: Hong Kong Seeks Up to HK$20 Billion in World's Largest Digital Green Bond Sale

Hong Kong is seeking to raise HK$15 billion to HK$20 billion through a multi-currency digital green bond, which could be the world's largest of its kind, Bloomberg News reported Thursday, citing people familiar with the matter.The bonds will be denominated in US dollars, Hong Kong dollars, euros and offshore yuan, with pricing potentially as early as Monday, the people said.The government has mandated banks to arrange a series of fixed-income investor meetings this week as Hong Kong seeks to strengthen its position as a fixed-income hub, according to Bloomberg.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Hang Seng

Asia22m ago

Sichuan Road & Bridge to Acquire Bridge Assets From Xinzhu Road & Bridge

Sichuan Road & Bridge (SHA:600039) has agreed to acquire Chengdu Xinzhu Road & Bridge Machinery's (SHE:002480) bridge functional components, according to a Shanghai bourse filing on Thursday.Both parties signed a supplemental agreement, with the details for the delivery and other assets and liabilities are yet to be determined.Chengdu Xinzhu's shares dropped 4% during the morning trade.

SHA:600039

Asia25m ago

India's Food Regulator Takes Action Against E-Commerce Platforms Over Misleading Claims, Misbranding

The Food Safety and Standards Authority of India initiated penal action against Amazon, Swiggy's (NSE:SWIGGY, BOM:544285) Instamart, Bigbasket, Flipkart India and Zepto for alleged food safety and regulatory non-compliance, according to a Wednesday social media post.The action covers misleading or non-compliant claims and the sale, display, or offering for sale of prohibited or poisonous food articles through e-commerce platforms, FSSAI said.Amazon Seller Services and Swiggy Instamart were cited over Happilo Premium Date Bites, while both platforms also face action over the sale and display of Datura fruits or seeds.Swiggy Instamart additionally faces action over Milky Mist (NSE:MILY) dairy products, including fresh low-fat cream, farm-fresh curd and Greek yogurt.Meanwhile, Flipkart India was cited over Happilo Premium Date Bites.Amazon, Flipkart India, Swiggy Instamart, Bigbasket and Zepto did not immediately respond to' request for comment.

BOM:544285NSE:MILYNSE:SWIGGY

Asia27m ago

Lincotrade & Associates Unit Establishes Real Estate Joint Venture

Lincotrade & Associates (SGX:BFT) subsidiary, Lincotrade Capital, establish a new joint venture, Monetise 71, according to a Wednesday filing with the Singapore Exchange.Lincotrade Capital has a 60% stake in the new unit, with the remaining 40% held by Clear Bright Sky Holdings.The new JV will acquire and redevelop landed properties in Singapore.

SGX:BFT

Asia32m ago

China Rare Earth Nonferrous Metals Associate Files for Hong Kong IPO

China Rare Earth Nonferrous Metals (SHA:600259) 40%-owned associate Guangdong Rising Dabaoshan Copper Industry applied for an initial public offering of H shares on the Hong Kong bourse.Guangdong Rising Dabaoshan Copper Industry produces copper concentrate, sulfur concentrate and magnetic sulfur concentrate, according to a Thursday filing with the Shanghai bourse.The filing remains subject to approvals from Chinese and Hong Kong regulators.

Hang SengSHA:600259

Asia34m ago

Yamada to Transfer All Equity in Subsidiary Yamada Denki (Shenyang) to a Chinese Firm

Consumer electronics company Yamada Holdings (TYO:9831) will transfer all equity in its wholly owned subsidiary Yamada Denki (Shenyang) to a local Chinese company to dispose of non-core assets, according to a Thursday filing with the Japan bourse.The equity transfer will fully clear Yamada Holdings' consumer electronics assets in China, allowing it to optimize and improve the efficiency of its management resources, the filing said.Shares of Yamada Holdings rose nearly 1% in recent trade.

TYO:9831

Asia36m ago

Lenskart Bumps Up Stake in French Eyewear Brand Le Petit Lunetier to 34%

Lenskart (BOM:544600, NSE:LENSKART) has boosted its stake in French eyewear brand Le Petit Lunetier to 34.3% from 29.1%, according to a Wednesday filing with the Indian bourse.The Indian eyewear and prescription glasses retail company said it paid 248,000 euros for an additional 2.52% stake on Sept. 23, following a previous purchase of a 2.77% stake in late April for 250,000 euros.

BOM:544600NSE:LENSKART

Asia37m ago

Shandong Molong to Raise HK$115 Million via H-Share Placement

Shandong Molong Petroleum Machinery (HKG:0568, SHE:002490) plans to place 33.6 million new H-shares at HK$3.50 each, raising net proceeds of about HK$114.9 million, according to a Wednesday filing with the Hong Kong bourse.The placing price represents a 16.17% discount to the Sept. 23 closing price of HK$4.175 and a 19.91% discount to the five-day average closing price of HK$4.37.The new H shares will account for 11.93% of the company's existing H-shares and 4.08% of its total issued shares.The company plans to use net proceeds to repay borrowings, settle operating payables, including those for raw-material procurement, and allocate the remainder to working capital and general corporate purposes.Hong Kong-listed shares of the firm were down more than 1% in Thursday morning trading.

HKG:0568SHE:002490

Asia38m ago

Accelink Technologies Discloses Change in Controlling Shareholder

Accelink Technologies (SHE:002281) controlling shareholder FiberHome Technologies will transfer 291.5 million shares, or 35.21% of total share capital, to Xinke Technology for free.Following the transfer, Xinke Technology becomes the controlling shareholder, while the actual controller remains CICT Mobile Communication Technology (SHA:688387) parent China Information and Communication Technologies Group, according to a Thursday filing with the Shenzhen bourse.Shares of the optical components manufacturer were down 2% in recent trade.

SHE:002281

Asia40m ago

Sunshine Oilsands to Raise HK$7 Million via Share Subscription

Sunshine Oilsands (HKG:2012) agreed to issue 43.7 million new shares at HK$0.160 each to subscriber Gavin James Thomson for HK$6.99 million, according to a Wednesday filing with the Hong Kong bourse.The subscription price is in line with the five-day average closing price of HK$0.160 and represents a 1.91% premium to the Sept. 23 closing price of HK$0.157.The new shares will account for 6.14% of the company's existing issued share capital and 5.79% of its enlarged share capital.Sunshine Oilsands plans to use the net proceeds to repay debt that has fallen due or is becoming due, with the balance for general working capital.

HKG:2012

Asia40m ago

Tuhu Car Agrees to Buy Australia's mycar Tyre & Auto

Tuhu Car (HKG:9690) agreed to acquire the entire issued share capital of Conti Trade Australia from a unit of Continental AG for an estimated AU$278.3 million at completion, according to a Thursday Hong Kong bourse filing.The deal values the target group at an enterprise value of AU$403 million, with the final purchase price subject to a post-completion adjustment.Conti Trade Australia owns mycar Tyre & Auto, which operates 279 tire, automotive service and repair stores across Australia.Tuhu expects to fund the acquisition through internal cash resources and debt financing.Its lending banks have approved financing of up to 1 billion yuan.Shares of the firm were down nearly 2% in Thursday morning trade.

HKG:9690

Asia42m ago

Alcoa Closes Debt Offering to Fund Acquisition of South32's Bauxite, Alumina and Aluminum Smelter Operations

Alcoa (ASX:AAI) closed the debt offering of $2.6 billion aggregate principal amount of senior notes to fund the acquisition of South32's (ASX:S32) interests in certain bauxite, alumina and aluminum smelter operations, the aluminum company said in a statement on Thursday.The notes consist of $1.5 billion aggregate principal amount of 6.625% senior notes due 2034, issued by Alumina, and $1.1 billion aggregate principal amount of 6.875% senior notes due 2036, issued by Alcoa Nederland, the statement said.Additionally, the company has terminated all outstanding obligations related to the senior unsecured 364-day bridge term loan credit facility associated with the acquisition.South32 shares rose nearly 1% in midday trade Thursday.

ASX:AAIASX:S32

Asia44m ago

Tian Tu Capital Invests $25 Million in Topos AI Infrastructure

Tian Tu Capital (HKG:1973) has invested $25 million in Topos AI-related infrastructure entities, according to a Wednesday Hong Kong bourse filing.The Chinese investment management company said it has subscribed to 500 participating shares in Topos AI Infra Holdings for $5 million and acquired a 40% stake in Topos AI Infra Investments for $20 million.Tian Tu intends to fund the investments using its internal funds and also expects to help it raise up to $200 million.

HKG:1973

Asia50m ago

Biokin Pharmaceutical Returns 700 Million Yuan to Special Account

Sichuan Biokin Pharmaceutical (SHA:688506) returned to its special account the 700 million yuan that was used to temporarily supplement its working capital, according to a Shanghai bourse filing on Thursday.The amount was previously idle funds that were used to fund working capital, especially for drug research and development.

SHA:688506

Asia52m ago

Fitch Affirms Thailand's EGAT, PTT and PTTEP's IDRs at BBB+; Revises Outlook to Stable

Fitch Ratings on Wednesday affirmed Electricity Generating Authority of Thailand (BKK:EGCO), PTT Public Company (BKK:PTT), and PTT Exploration and Production Public Company's (BKK:PTTEP) long-term foreign-currency issuer default rating at BBB+, and upgraded the outlook to stable from negative.The Electricity Generating Authority of Thailand's rating reflects the Thai government's strong incentive and responsibility to support the state-owned power utility, while PTT Public Company's rating reflects its strategic role in Thailand's energy security and majority state ownership, Fitch said in a Wednesday release.PTT Exploration and Production Public Company's rating is aligned with PTT Public Company's under the parent-subsidiary linkage criteria, given its strategic importance as PTT Public Company's sole upstream arm and its contribution of about 60% of PTT Public Company's consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) in 2025, it said.

BKK:EGCOBKK:PTTBKK:PTTEP

Asia53m ago

Keppel REIT Divests Seoul's T Tower for KRW349 Billion

Keppel REIT (SGX:K71U) agreed to divest its entire 100% stake in T Tower, South Korea, for 348.8 billion won, according to a Wednesday filing with the Singapore Exchange.T Tower is a 28-storey freehold office building in Seoul's central business district, with a gross floor area of 41,598 square meters. The property was 92.1% occupied as of June 30.The divestment is expected to be completed in the fourth quarter, with net proceeds to be used for debt repayment, acquisitions, or working capital.Shares of the REIT were down over 1% in Thursday trading.

SGX:K71U

Asia56m ago

Hong Kong SFC Targets Yuan Trading Counter in Southbound Connect by July 2027

Hong Kong's securities regulator aims to introduce a yuan trading counter under the southbound Stock Connect scheme by July 1 next year, as part of a broader plan to strengthen the city's yuan ecosystem and capital markets.The SFC said it will also broaden yuan-denominated products, including exchange-traded funds and gold, currency and commodity futures.The regulator plans to deepen mutual market access by enhancing existing connect schemes and aims to launch REIT connect in the first half of 2027.The SFC outlined 29 measures that could be implemented within a year and another 22 longer-term initiatives, covering yuan markets, market connectivity and capital-market efficiency.

Hang Seng

Asia59m ago

GlobalWafers Raises $1.43 Billion in GDS Offering

GlobalWafers (TPE:6488) raised about $1.43 billion after pricing an offering of 50 million global depositary shares at $28.64 each, according to a Wednesday release.Each GDS represents one common share and is expected to be listed on the Luxembourg Stock Exchange and traded on its Euro MTF market.The semiconductor wafer manufacturer plans to use the proceeds to procure raw materials and invest in overseas subsidiaries, primarily to fund capacity expansion.

TPE:6488

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