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China Frontier to Acquire Stake in Functional Materials Firm

China Frontier Technology Group (HKG:1661) said it agreed to acquire a 49% stake in Ningbo Qihe New Material Technology for 19.6 million yuan, according to a Hong Kong bourse filing Thursday.Shares of the sports culture group gained over 8% in morning trade Friday.The firm is acquiring the stake from Shenzhen Bochi Electronics for cash.Qihe New Material is focused on functional materials research and the acquisition is part of Frontier Technology's plan to diversify into the functional materials market.

HKG:1661

Asia110d ago

GenusPlus Group Secures AU$110 Million EPC Deal for South Australia BESS Project

GenusPlus Group (ASX:GNP) has secured a turnkey engineering, procurement, construction, and commissioning (EPC) contract worth around AU$110 million to deliver the balance of plant and a 200 megawatt system with 800 megawatt-hour of storage capacity for the Koolunga Battery Energy Storage System (BESS) project in South Australia, according to a Friday filing with the Australian bourse.The project will be connected to the electricity grid via a 1.2-kilometer high-voltage transmission line linking it to the 275-kilovolt Brinkworth substation, the filing said.The construction is set to start soon, with all approvals already in place, and completion targeted for September 2027, the filing added.The company's shares rose 2% in recent Friday trade.

ASX:GNP

Asia110d ago

Kingsoft Office Q1 Profit Jumps 445%, Revenue Up 24%

Beijing Kingsoft Office Software (SHA:688111) posted first-quarter attributable net profit of 2.20 billion yuan, up 445% from 402.8 million yuan the previous year.Earnings per share rose to 4.72 yuan from 0.87 yuan, according to a Friday filing with the Shanghai bourse.Operating revenue climbed 24% year over year to 1.61 billion yuan from 1.30 billion yuan.Shares of the software product distributor were down nearly 2% in recent trade.

SHA:688111

Asia110d ago

Market Chatter: Volvo Holds on to Plan to Build Electric Vehicle in US

Zhejiang Geely Holding Group-owned Volvo Cars continues to plan building a new electric vehicle in U.S. in late 2026, Nikkei Asia reported, citing an interview with CEO Hakan Samuelsson.According to the report, Volvo does not plan to walk back on the plan even after the Trump administration ended tax breaks for electric vehicle purchases.Volvo is an affiliate of Geely Automobile (HKG:0175).(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.)

HKG:0175

Asia110d ago

Elite UK REIT's Distributable Income Rises 9.8% in Q1

Elite UK REIT's (SGX:MXNU) distributable income rose by 9.8% in the first quarter to 5.3 million pounds from 4.8 million pounds a year earlier, according to a Friday filing with the Singapore Exchange.Net property income declined by 12% to 9.1 million pounds from 10.4 million pounds in the year-ago period.Revenue edged up 1.2% year over year to 9.4 million pounds, backed by portfolio occupancy of 99.9% and weighted average lease expiry of 6.9 years.

SGX:MXNU

Asia110d ago

Yunnan Aluminium's Q1 Profit Soars 269%, Revenue Rises 14%

Yunnan Aluminium's (SHE:000807) net profit attributable to shareholders in the first quarter soared 269% year on year to 3.60 billion yuan, or 1.038 yuan per share, according to a Shenzhen bourse filing on Friday.The attributable profit a year earlier was 974.4 million yuan, or 0.281 yuan per share.Operating revenue rose 14% to 16.4 billion yuan from 14.4 billion yuan in the prior year.The aluminum products manufacturer's shares rose less than 2% during the morning trade.

SHE:000807

Asia110d ago

Sarine Technologies Buys Back Shares

Sarine Technologies (SGX:U77) bought back 10,000 shares in the open market on Tuesday for SG$2,035 or SG$0.2 apiece, a Tuesday filing with the Singapore Exchange said.The chemicals company can repurchase 17.1 million shares under its new buyback mandate. To date, it has bought back 1.2 million shares.

SGX:U77

Asia110d ago

Nuix Shares Surge After Court Dismisses ASIC's Disclosure Case Against Company

Nuix (ASX:NXL) shares advanced nearly 12% in recent Friday trade after Australia's Federal Court on Thursday dismissed the Australian Securities and Investments Commission's (ASIC) disclosure obligations case against the company.The court dismissed the regulator's claim that Nuix made misleading or deceptive financial guidance disclosures to the market in 2021.The court ruled that the company had reasonable grounds to issue the guidance in question, and ordered the ASIC to cover Nuix's legal costs.

ASX:NXL

Asia110d ago

Hyundai Rotem Wins Three Phases of Vietnam Ho Chi Minh City MRT Line 2 Localization Project; Shares Jump 4%

Hyundai Rotem (KRX:064350) secured three phases of the Vietnam Ho Chi Minh City MRT Line 2 localization project from Truong Hai Group Corporation, according to two Friday filings with the Korea Exchange.The contract for the first phase of the project is valued at 156.6 billion won, while the second and third phases are valued at 334.5 billion won, the filings said.All three phases are expected to be completed by Dec. 31, 2032.Shares of Hyundai Rotem rose over 4% in recent trade.

KRX:064350

Asia110d ago

Golden Horse Minerals' Latest Drill Results Support Mineral Resource Estimate Growth, Euroz Hartleys Says

Golden Horse Minerals' (ASX:GHM) latest drilling results support growth for the maiden mineral resource estimate at its Hopes Hill project in Western Australia, Euroz Hartleys said in a Thursday note.The company reported high-grade gold mineralization, with results of up to 16 meters at 6.8 grams per tonne (g/t) grade of gold from 115 meters, including 1 meter at 98.4 g/t grade of gold.Results indicate a mineralized strike exceeding 2.5 kilometers, with a 125-kilometer drilling program and further targeting in progress.The project demonstrates promise for a "solid grading" open pit operation, with potential for underground development dependent on drilling results at depth, the financial services firm said.The company is considered as the sole gold explorer/developer with potential for scalable and economically viable gold ounces in the Southern Cross region, and with control over an entire greenstone belt, according to Euroz Hartleys.Euroz Hartleys reaffirmed its speculative buy recommendation and AU$1.17 price target on Golden Horse Minerals.Golden Horse Minerals shares rose 1% in midday trade Friday.

ASX:GHM

Asia110d ago

Power Construction of China 2025 Profit Down 17%, Revenue Climbs 2%

Power Construction of China (SHA:601669) posted 2025 attributable net profit of 10.0 billion yuan, down 17% from 12.0 billion yuan the previous year.Earnings per share slid to 0.5276 yuan from 0.6347 yuan, according to a Friday filing with the Shanghai bourse.Operating revenue climbed 1.9% year over year to 645.6 billion yuan from 633.7 billion yuan.Shares of the engineering construction company were down 2% in recent trade.

SHA:601669

Asia110d ago

Indian Energy Exchange's Consolidated Profit Rises in Fiscal Q4

Indian Energy Exchange's (NSE:IEX, BOM:540750) consolidated attributable profit rose to 1.30 billion Indian rupees in the fiscal fourth quarter ended March 31, from 1.17 billion rupees a year ago.Earnings per share came in at 1.45 rupees from 1.32 rupees a year earlier, according to a Thursday filing to the Indian stock exchanges.Revenue from operations in fiscal Q4 increased to 1.74 billion rupees from 1.42 billion rupees a year ago.The company's board recommended a final dividend of 2 rupees per equity, having a face value of 1 rupee each. It has fixed May 15 as the record date to determine the eligible shareholders for the dividend.

BOM:540750NSE:IEX

Asia110d ago

National Australia Bank Partners With Imperium Markets Exploring Tokenized Term Deposit Using Stablecoin

National Australia Bank (ASX:NAB) partnered with Imperium Markets to test the feasibility of issuing and maturing a tokenized term deposit using a stablecoin as a form of tokenized money, according to a Friday statement from the bank.Proof-of-concept transactions were undertaken on Imperium Markets' marketplace.The bank participated in Project Acacia to explore the role that the central bank and privately issued forms of digital money could play in supporting the development of wholesale tokenized asset markets.Project Acacia is a joint initiative by the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre.The bank said it also participated in the Deposit Token Working Group, exploring whether a tokenized claim on a bank can be treated as a deposit under Australian law.

ASX:NAB

Asia110d ago

Shengyi Electronics' Soars 344%, Revenue Jumps 103%

Shengyi Electronics' (SHA:688183) net profit attributable to shareholders in 2025 soared 344% to 1.47 billion yuan from the year-ago attributable profit of almost 332 million yuan, according to a Shanghai bourse filing on Friday.Earnings per share surged 332% year on year to 1.73 yuan from 0.40 yuan.Operating revenue jumped 103% to 9.49 billion yuan from 4.69 billion yuan in the preceding year.The circuit board product manufacturer's shares slipped 1% during the morning trade.

SHA:688183

Asia110d ago

Modern Dental's Profit Climbs in 2025

Modern Dental (HKG:3600) posted profit attributable to owners of HK$597 million for 2025, up from HK$408 million a year earlier, according to a Thursday Hong Kong bourse filing.Shares of the prosthetics maker were down nearly 2% in Friday morning trade.Earnings per share came in at HK$0.637, compared with HK$0.432 in 2024.Revenue rose 11% to HK$3.74 billion from HK$3.36 billion a year earlier.The board recommended a final dividend of HK$0.15 per share, payable on June 30 to shareholders on record as of June 10.

HKG:3600

Asia110d ago

Kimou Environmental's Profit Rises 10% in 2025

Kimou Environmental (HKG:6805) posted a profit attributable to equity shareholders of 134.8 million yuan for 2025, up 9.9% from 122.6 million yuan a year earlier, according to a Thursday Hong Kong bourse filing.Shares of the firm were up over 2% in Friday morning trade.Earnings per share came in at 0.12 yuan, compared with 0.11 yuan in 2024.Revenue rose 21% to 1.68 billion yuan from 1.39 billion yuan a year earlier.

HKG:6805

Asia110d ago

Xiamen Tungsten Q1 Profit Up 189%; Shares Down 3%

Xiamen Tungsten (SHA:600549) posted first-quarter attributable net profit of 1.11 billion yuan, up 189% from 382.8 million yuan the previous year.Earnings per share rose to 0.6972 yuan from 0.2411 yuan, according to a Friday filing with the Shanghai bourse.Operating revenue climbed 87% year over year to 15.7 billion yuan from 8.42 billion yuan.Shares of the tungsten carbide manufacturer were down 3% in recent trade.

SHA:600549

Asia110d ago

Chunguang Tech to Raise Up to 731 Million Yuan in IPO

Shandong Chunguang Technology Group (SHE:301531) aims to raise up to 730.6 million yuan through its initial public offering on the ChiNext Board of the Shenzhen Stock Exchange, according to a Thursday bourse announcement.The magnetic materials and electronic information technology company is offering 54.9 million shares for 13.30 yuan per share.The online and offline subscriptions are scheduled on Friday.

SHE:301531

Asia110d ago

ASX Midday Sector Update: Energy Stocks Advance, Information Technology Falls

Energy stocks were advancing around 1.2% in midday trading Friday, with utilities following close behind, as oil prices continued to climb amid lingering tensions between the US and Iran.Woodside Energy Group (ASX:WDS) was gaining nearly 2%, and Santos (ASX:STO) was over 1% higher.Meanwhile, information technology stocks were leading decliners with a fall of 1.7%.Qoria (ASX:QOR) was down almost 16% after reporting AU$7.6 million in annual recurring revenue in the March quarter, up 49% from a year earlier.

ASX 200ASX:QORASX:STOASX:WDS

Asia110d ago

CGN Mining Achieves 97% of Q1 Uranium Production Plan

CGN Mining (HKG:1164) said its uranium production for the first quarter of 2026 totaled 580.9 tonnes of uranium (tU), achieving 97% of the planned output of 598.4tU, according to a Thursday Hong Kong bourse filing.Shares of the miner were down nearly 2% in Friday morning trade.Production at its Semizbay-U joint venture reached 154.5tU, completing 89% of its quarterly plan, while output at its Ortalyk associate totaled 426.4tU, meeting 100% of target levels.As of March 31, CGN Mining held 967tU, with an average cost of $80.60 per pound, and had undelivered contracted sales of 2,519tU at an average price of $89.20 per pound, the miner said.

HKG:1164

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