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Kalyani Steels' CFO Resigns; Shares Up 3%

Kalyani Steels (NSE:KSL, BOM:500235) said its chief financial officer, Bal Mukand Maheshwari, has resigned from the company with effect from May 8, according to a Thursday filing to the Indian stock exchanges.The company's shares were up nearly 3% in recent trade.Maheshwari cited personal reasons for his resignation.

BOM:500235NSE:KSL

Asia115d ago

Liu Chong Hing Investment Returns to Profit in 2025

Liu Chong Hing Investment (HKG:0194) posted a profit attributable to owners of HK$12 million for 2025, compared with a loss of HK$837.1 million a year earlier, according to a Thursday Hong Kong bourse filing.Shares of the firm were down nearly 1% in Friday's late morning trade.Earnings per share were HK$0.03, compared with a loss per share of HK$2.21 in the prior year.Revenue rose to HK$1.05 billion from HK$933 million in 2024.The board proposed a final dividend of HK$0.17 per share, unchanged from a year earlier, bringing total dividends for the year to HK$0.28 per share.

HKG:0194

Asia115d ago

Yonghui Superstores Q1 Profit Up 94%; Shares Jump 5%

Yonghui Superstores (SHA:601933) posted first-quarter attributable net profit of 286.9 million yuan, up 94% from 147.6 million yuan the previous year.Earnings per share rose to 0.03 yuan from 0.02 yuan, according to a Friday filing with the Shanghai bourse.Operating revenue declined 24% year over year to 13.4 billion yuan from 17.5 billion yuan.Shares of the supermarket operator jumped 5% in recent trade.

SHA:601933

Asia115d ago

Yangzijiang Maritime Development Sells Four Tankers; Shares Up 4%

Yangzijiang Maritime Development (SGX:8YZ) signed contracts for the sale of four tankers for an undisclosed amount, according to a Thursday filing with the Singapore Exchange.Shares of the ship finance and leasing company were up over 4% in Friday trading.The transactions involve four medium-range 49,800 deadweight tonnage tankers, slated for delivery in 2027 and 2028.Meanwhile, the company is also investing in eight very large crude carriers of around 319,000 deadweight tonnage, which are scheduled for delivery in 2028, 2029, and 2030.

SGX:8YZ

Asia115d ago

Yunnan Jinxun Resources' 2025 Profit Jumps 62%

Yunnan Jinxun Resources (HKG:3636) booked 328.8 million yuan in attributable profit for 2025, up 62% from 202.4 million in 2024, according to a Hong Kong bourse filing Friday.Earnings per share were 2.98 yuan, compared with 1.84 yuan in the prior year.Revenue rose 28% year on year to 2.27 billion yuan, figures showed.The firm also proposed a final dividend of 0.33 yuan per share, payable July 10 to shareholders of record on June 24.

HKG:3636

Asia115d ago

Beijing Oriental Yuhong Waterproof Approves Debt Restructuring Plan

Beijing Oriental Yuhong Waterproof Technology's (SHE:002271) said its board of directors approved the proposal for debt restructuring, according to a Friday disclosure on the Shenzhen bourse.Under the plan, 352.4 million yuan is the amount for debt restructuring as creditor and 129.4 million yuan is for debt restructuring as debtor.The company will accept real estate assets to offset receivables and it will use assets to repay its debt.The company's creditors include China Vanke's (HKG:2202, SHE:000002) subsidiaries.The waterproofing system provider's shares slipped over 1% during the midday trade.

HKG:2202SHE:000002SHE:002271

Asia115d ago

Graphex Group to Exit US ADS Programme in July

Graphex (HKG:6128) will terminate its sponsored American Depositary Shares (ADS) programme in the U.S., with the termination set to take effect on July 14, according to a Friday Hong Kong bourse filing.The company said it has notified The Bank of New York Mellon, the depositary, to begin the termination process.Graphex cited factors including the relatively small proportion of shares represented by ADSs and lower trading volume compared with its Hong Kong-listed shares.The company added that its Hong Kong listing is expected to continue meeting its fundraising and investor access needs.

HKG:6128

Asia115d ago

InnoTek Opens Manufacturing Facility in Malaysia

InnoTek (SGX:M14) unveiled a manufacturing facility in Melaka, Malaysia, according to a Thursday filing with the Singapore Exchange.Shares of the precision metal components manufacturer were up nearly 1% in Friday trading.The 10,000-square-meter facility is part of the company's strategy to broaden its manufacturing presence in Southeast Asia and increase its production capacity.The facility comprises production and warehousing buildings, which will be operated through its subsidiary, Mansfield Manufacturing (M).Total capital investment for the facility was around SG$5 million, with operations expected to commence this year.

SGX:M14

Asia115d ago

ContiOcean Environment Tech Closes $29 Million Acquisition of Two Vessels

ContiOcean Environment Tech (HKG:2613) completed its $28.8 million acquisition of two vessels, according to a Friday Hong Kong bourse filing.The deal, first announced in December, covers OM Shanghai and OM Singapore and was funded through internal resources, initial public offering proceeds, and external financing.The vessels are intended to support the company's maritime research and development platform and mobile exhibition strategy, while also being chartered to third parties to generate income.

HKG:2613

Asia115d ago

AMP Posts Solid Net Flows in Platforms, Should Consider Strategic Review of Bank, Jarden Says

AMP (ASX:AMP) reported solid net flows in its Platforms wealth management business, with the North platform's performance helping extend the company's positive streak to six straight quarters, Jarden said in a Thursday note.With the cash margin repricing on Platforms, the company has now delivered on two out of the three initiatives Jarden previously discussed, and the final one would be to launch a strategic review of its bank unit.The equity research firm views a loan book sale or a total sale of the bank as more attractive options than the current strategy, which will likely make it difficult to deliver cost of capital returns before 2030."Overall, we continue to remain positive on AMP given exposure to superannuation tailwinds and capital discipline," Jarden said as it maintained its overweight rating on the company.It also raised its price target on AMP to AU$1.65 from AU$1.55, reflecting confidence in Platforms' growth trajectory.AMP's shares were down nearly 2% in recent Friday trade.

ASX:AMP

Asia115d ago

Novus Loyalty Bags Contract Worth INR880 Million from Central Bank of India; Shares Jump 6%

Novus Loyalty (BOM:544735) has secured a contract valued at 880 million Indian rupees over the contract tenure from Central Bank of India (NSE:CENTRALBK, BOM:532885), according to a BSE filing on Friday.The contract for providing and managing loyalty rewards programs across multiple digital channels, including debit cards, digital payments, internet banking, and mobile banking.It will also cover migration of the bank's current program, platform deployment, program management, and ongoing support services.The project will be executed over three years with an initial purchase order of 73.2 million rupees.The company's shares were up nearly 6% in recent trade.

BOM:532885BOM:544735NSE:CENTRALBK

Asia115d ago

China State Construction Development Posts Q1 Revenue of HK$1.61 Billion

China State Construction Development (HKG:0830) posted revenue of HK$1.61 billion for the first quarter of 2026, according to a Friday Hong Kong bourse filing.Operating profit for the period came in at HK$146 million.The curtain wall engineering firm said geopolitical tensions and global economic uncertainty continued to pose challenges, while Hong Kong's property market showed signs of recovery, supporting project activity.

HKG:0830

Asia115d ago

Hainan Expressway Issues 300 Million Yuan in Short-Term Commercial Papers

Hainan Expressway (SHE:000886) issued short-term commercial papers amounting to 300 million yuan, according to a Shenzhen bourse filing on Friday.The bonds have an interest rate of 1.65% and a term of 365 days, maturing on April 16, 2027.The expressway operator's shares fell 2% during the midday trade.

SHE:000886

Asia115d ago

Beijing Oriental Yuhong Waterproof's Q1 Profit Soars 109%, Revenue Jumps 21%

Beijing Oriental Yuhong Waterproof Technology's (SHE:002271) net profit attributable to shareholders in the first quarter soared 109% to 401.8 million yuan from 192.4 million yuan a year earlier, according to a Shenzhen bourse filing on Friday.Earnings per share surged year on year to 0.17 yuan from 0.08 yuan.Operating revenue rose 21% to 7.19 billion yuan from 5.95 billion yuan in the preceding year.The waterproofing system provider's shares slipped over 1% during the morning trade.

SHE:002271

Asia115d ago

CCI Group's Hokkoku Bank Reports 6.56 Billion Yen Unrealized Losses on Securities

CCI Group (TYO:7381) said its unit Hokkoku Bank recorded 6.56 billion yen in unrealized losses on held-to-maturity securities as of March 31, according to a Friday filing on the Tokyo Stock Exchange.The losses amounted to 53% of consolidated ordinary income and 81% of net income attributable to owners of the parent for the fiscal year ended March 2025.The securities had a book value of 171.14 billion yen and a market value of 164.58 billion yen, resulting in net unrealized losses of 6.56 billion yen.

TYO:7381

Asia115d ago

Market Chatter: Thailand Seeks Oman's Aid to Secure Safe Hormuz Passage

Thailand's Foreign Affairs Minister Sihasak Phuangketkeow is in Oman to discuss regional security and ensure Thai cargo shipments can continue transiting the strategic waterway safely, The Bangkok Times reported Thursday.The trip, at the invitation of Omani Foreign Minister Sayyid Badr bin Hamad Al Busaidi, will cover regional security and potential diplomatic engagement, including with Iran. A key focus is to facilitate the transit of Thai shipments of oil, gas and fertilizer through the strategic shipping route, reportedly.During the visit, Sihasak will meet senior Omani defense and energy officials and thank authorities for rescuing Thai crew members and assisting in search operations for those missing. Separately, Thailand has suspended the deployment of workers to several Middle Eastern countries due to heightened security risks.Separately, the Thai embassy in Tehran has issued a warning urging nationals to prepare for possible evacuation, citing a fragile ceasefire and risk of renewed conflict.(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.)

^SET

Asia115d ago

Avio Smart Signs MoU with UAL Biotech to Explore Opportunities in Sustainable Agriculture in India

Avio Smart Market Stack (NSE:ASMS, BOM:532694) has entered into a memorandum of understanding with Singapore-based bio-innovation company UAL Biotech to explore opportunities in sustainable agriculture and rural ecosystem development, according to a Friday filing to the Indian stock exchanges.Through the partnership, both parties will explore the deployment of bio-based agricultural inputs through Avio Smart's platform, along with farmer advisory and training programs.The companies will also work on developing traceable, chemical-free supply chains and pilot projects to show the impact of sustainable farming practices.The collaboration aims to integrate ASMS's rural digital network of over 5,000 villages and reach of around 40 million farmers and rural residents with UAL Biotech's eco-sustainable biological solutions.

BOM:532694NSE:ASMS

Asia115d ago

Beijing Oriental Yuhong Waterproof's 2025 Profit Rises 5%, Revenue Slips 2%

Beijing Oriental Yuhong Waterproof Technology's (SHE:002271) net profit attributable to shareholders in 2025 rose 4.7% to 113.3 million yuan from 108.2 million yuan a year earlier, according to a Shenzhen bourse filing on Friday.Earnings per share jumped 25% year on year to 0.05 yuan from 0.04 yuan.Operating revenue slipped 1.7% to 27.6 billion yuan from 28.1 billion yuan in the prior year.The waterproofing system provider's shares slipped over 1% during the morning trade.

SHE:002271

Asia115d ago

Market Chatter: OCBC Leads Bid for HSBC's Indonesian Consumer Business

Oversea-Chinese Banking (SGX:O39) emerged as the lead bidder for HSBC Holdings' (HKG:0005) Indonesian consumer business, Bloomberg News reported Friday, citing people familiar with the matter.The Singaporean bank's offer values the business at $350 million, the report said, citing the sources.No final decision has been made, with a possibility of other parties joining the bid, the people reportedly said.OCBC and HSBC did not immediately respond to requests for comment from.Bloomberg previously reported that Singapore's DBS Group (SGX:D05), Oversea-Chinese Banking, and United Overseas Bank (SGX:U11), as well as Malaysia's CIMB Group (KLSE:CIMB) and Japan's Sumitomo Mitsui Financial Group were in the running for the business.(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:0005KLSE:CIMBSGX:D05SGX:O39SGX:U11

Asia115d ago

MoneyMax Financial Seeks SG$44 Million Via Private Placement; Shares Up 5%

MoneyMax Financial Services (SGX:5WJ) is targeting to raise up to SG$44.3 million through the placement of 53 million shares at SG$0.835 each, according to a Thursday filing with the Singapore Exchange.Shares of the pawnbroking company were up nearly 5% in Friday trading.The company has signed placement agreements with CGS International Securities Singapore, DBS Bank and Oversea-Chinese Banking or OCBC to procure subscribers.Proceeds will be used for general working capital needs and to support the growth of its pawnbroking portfolio and purchases of retail inventory.

SGX:5WJ

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