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Geovis Technology to Sell Equity in Subsidiary

Geovis Technology (SHA:688568) plans to sell its 30% equity in its subsidiary, Geovis Ruicloud Technology, through public listing, according to a Shanghai bourse filing on Wednesday.The initial listing price is 11.1 million yuan.The Chinese big data system developer's shares fell 2% during the afternoon trade.

SHA:688568

Asia116d ago

GAIL (India) Plans to Invest INR38 Billion for 700MW Solar Power Projects in India

State-owned natural gas trader GAIL (India) (NSE:GAIL, BOM:532155) has earmarked an investment of 38 billion Indian rupees in 700 MW solar power projects in the Indian states of Uttar Pradesh and Maharashtra, according to a Wednesday filing to the Indian stock exchanges.Under the initiative, GAIL will develop a 600 MW solar power project along with a 550 MWh battery energy storage system (BESS) at TUSCO Solar Park Jhansi in Uttar Pradesh. This project will target providing the captive energy requirements of GAIL's petrochemical plant at Pata in the Auraiya district.The company will also set up a 100 MW solar power project with a 22 MWh BESS in Chhatrapati Sambhaji Nagar district in Maharashtra, to mainly serve the captive requirements of GAIL's PDH-PP plant at Usar in the Raigad district.GAIL's shares were up nearly 2% in recent trade.

BOM:532155NSE:GAIL

Asia116d ago

Australian Shares Flat; Virgin Australia Says Fiscal Year 2026 Guidance Unchanged, Fiscal H2 EBIT Expected to Rise

Australian shares were flat with a positive bias on Wednesday's close as investors weighed reports of a second round of peace talks between the US and Iran.The S&P/ASX 200 Index was little changed to close at 8,978.70.US President Donald Trump said talks with Iran could resume in Pakistan over the next two days, even as a US naval blockade ⁠on Iranian ports continued. Brent crude oil futures rose 1% to $95.77 per barrel.On Wall Street, the Nasdaq was up nearly 2% on Tuesday, and the S&P 500 climbed 1.2%.On the domestic front, the International Monetary Fund (IMF) cut its economic growth projections for Australia, with gross domestic product (GDP) growth rate now expected to come in at 2% in 2026, compared with the previous forecast of 2.1%, and 1.7% in 2027, down from the earlier forecast of 2.2%.Australia's private sector credit is projected to grow by 7.2% year over year this year, tracking at its fastest pace since 2022, before slowing to 5.7% year-over-year by late 2027, ANZ said in a report.Australian consumer spending rose 2.1% in March, month-on-month, driven by a sharp increase in fuel spending due to higher prices, according to NAB's consumer spend trend report.In company news, Virgin Australia Holdings (ASX:VGN) said that its fiscal year 2026 financial guidance remains unchanged, with the underlying earnings before interest and taxes (EBIT) and underlying EBIT margin in the second half expected to be higher than the prior-year period. Its shares were up 7% on market close.Mesoblast (ASX:MSB) acquired an exclusive license to a patented chimeric antigen receptor technology platform to boost the effectiveness of its products. Its shares rose 7% at close.Lastly, Yancoal Australia (ASX:YAL) said that it entered into binding transaction documentation with EMR Capital Advisors, Kestrel Coal (EMR), Adaro Capital, and EMR Capital Management to acquire Kestrel Coal Group, which holds an 80% interest in the Kestrel coal mine joint venture in Queensland, for up to $2.4 billion. Its shares closed down 2%.

ASX 200ASX:MSBASX:VGNASX:YAL

Asia116d ago

Market Chatter: Indonesia to Procure Crude Oil, LNG from Russia

Russia has agreed to supply crude oil and liquefied petroleum gas (LPG) to Indonesia following high-level talks in Moscow for strengthening energy cooperation, the Jakarta Globe reported Tuesday, citing Indonesia's Energy and Mineral Resources Minister Bahlil Lahadalia.The deal follows discussions between Indonesian President Prabowo Subianto and Russian President Vladimir Putin, with both sides also exploring broader cooperation in storage, refinery development and power generation, according to the report.The partnership is being pursued through both government and private-sector channels, with Russian energy firms including Rosneft, Lukoil and Zarubezhneft involved in talks. Supply volumes, however, were not disclosed, the report said.(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.)

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Asia116d ago

Markolines Pavement Clinches New Orders Worth INR294 Million for Sports Infra

Markolines Pavement Technologies (BOM:543364) has secured multiple work orders worth 293.8 million Indian rupees from the Sports Authority of Andhra Pradesh, India, for the development of sports infrastructure, according to a BSE filing to the Indian stock exchanges on Wednesday.The first contract worth 169.5 million rupees is for the development and upgradation of the Indira Gandhi Municipal Corporation Stadium in Vijayawada.The company also received an order of 124.2 million rupees for the construction of an indoor hall in Vijayawada.The company's shares were up over 2% in recent trade.

BOM:543364

Asia116d ago

Market Chatter: Victory Giant Technology Set to Price Hong Kong IPO at Top End

Victory Giant Technology (HKG:2476, SHE:300476) is expected to price its Hong Kong initial public offering at HK$209.88 per share, the top of its indicated range, Bloomberg News reported Wednesday, citing people familiar with the matter.The Chinese printed circuit board maker is also considering an option to increase the deal size to as much as $2.6 billion, the report said.The company launched the Hong Kong offering on Monday, seeking to raise up to HK$17.5 billion in one of the city's largest listings this year, despite market volatility driven by tensions in the Middle East.(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:2476SHE:300476

Asia116d ago

Easy Trip Planners Tie-Ups with Brazilian Firms to Boost Latin America Presence; Shares Up 4%

Online travel technology company Easy Trip Planners (NSE:EASEMYTRIP, BOM:543272) has expanded its presence in Latin America by signing multiple memorandums of understanding with corporate and institutional partners in Brazil, according to a Wednesday filing to the Indian stock exchanges.The company has signed MoUs with various corporates such as AGK Corretora de Cmbio, Neo Sector, AMVALE - Associação dos Municípios do Vale do Rio Grande, DATAGRO, X3 - Brazil, and Lummio Technologia, to explore opportunities within Brazil's corporate travel ecosystem.Through these tie-ups, Easy Trip will work closely with its partners to support the travel requirements of Brazilian organizations through its technology-driven platform.The company's shares were up over 4% in recent trade.

BOM:543272NSE:EASEMYTRIP

Asia116d ago

PMB Technology Seeks Fresh Mandates for Share Buy-Backs, Related Party Transactions

PMB Technology (KLSE:PMBTECH) is seeking to renew its authorization to conduct revenue-generating transactions at its upcoming annual general meeting, according to a Tuesday Malaysian bourse filing.Shares gained over 2% in Wednesday's midday trade.The tech firm is also seeking its shareholders' nod to renew authority to repurchase the issued shares of the company.PMB Technology will share a statement containing details of the plans with shareholders in due time, it noted.

KLSE:PMBTECH

Asia116d ago

Dowstone Technology's Attributable Profit Surges 223% in 2025; Shares Slide 5%

Guangdong Dowstone Technology's (SHE:300409) attributable profit surged 223% to 506.8 million yuan in 2025 from 156.9 million yuan in 2024, according to a Wednesday filing with the Shenzhen bourse.Earnings per share at the batteries, carbon, and ceramic materials manufacturer increased 151% to 0.6792 yuan from 0.2703 yuan in the previous year.Operating income grew 5.2% year over year to 8.16 billion yuan from 7.75 billion yuan.Shares decreased 5% during afternoon trading on Wednesday.

SHE:300409

Asia116d ago

Market Chatter: Singapore's New Home Sales Rise in March

New home sales in Singapore rose in March, backed by new project launches, according to a report by Bloomberg on Wednesday, citing data from the Urban Redevelopment Authority.In March, 1,300 new private units were sold, compared to 729 a year earlier, the report showed.The sales were driven by the Pinery Residences and River Modern launches, the report noted.Meanwhile, private home prices were up 0.3% in the first quarter of the year, the report added.(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.)

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Asia116d ago

Shenzhen InfoGem Technologies' Attributable Loss Widens in 2025

Shenzhen InfoGem Technologies' (SHE:300085) attributable loss widened to 132.9 million yuan in 2025 from 129.1 million yuan in 2024, according to a Wednesday filing with the Shenzhen bourse.Loss per share at the financial technology company widened to 0.1881 yuan from 0.1827 yuan in the previous year.Operating income declined 12% year over year to 758.5 million yuan from 862.7 million yuan.Shares decreased 2% during afternoon trading on Wednesday.

SHE:300085

Asia116d ago

Wangsu Science & Technology's Attributable Profit Jumps 19% in 2025

Wangsu Science & Technology's (SHE:300017) attributable profit rose 19% to 799.5 million yuan in 2025 from 674.5 million yuan in 2024, according to a Wednesday filing with the Shenzhen bourse.Earnings per share at the information infrastructure platform services company increased 19% to 0.32 yuan from 0.27 yuan in the previous year.Operating income declined 5.5% year over year to 4.66 billion yuan from 4.93 billion yuan.Shares decreased 2% during afternoon trading on Wednesday.

SHE:300017

Asia116d ago

China Central Bank Performs 500 Billion Yuan of Reverse Repo Operation

The People's Bank of China on Wednesday conducted 500 billion yuan of seven-day reverse repurchase operations, according to a same-day notice.The operation used a fixed-rate, quantity-based bidding process, with an operating rate of 1.4%.

Shanghai Composite^SZSE

Asia116d ago

Tabcorp Holdings Says Australian Retirement Trust Ceases to Be Substantial Holder

Tabcorp Holdings (ASX:TAH) said Australian Retirement Trust has ceased to be a substantial holder in the company on April 13, according to a Wednesday Australian bourse filing.The company's shares fell 2% in recent Wednesday trade.

ASX:TAH

Asia116d ago

Deterra Royalties Says Aware Super Ceases to Be Substantial Holder

Deterra Royalties (ASX:DRR) said Aware Super, through Aware Super Pty Ltd as trustee, has ceased to be a substantial holder in the company on April 10, according to a Wednesday Australian bourse filing.The company's shares fell 1% in recent Wednesday trade.

ASX:DRR

Asia116d ago

Muhibbah Engineering Bags MYR120 Million Penang LRT Project; Shares Gain 3%

Muhibbah Engineering (M) (KLSE:MUHIBAH) bagged a contract worth about 120 million ringgit for works on the Penang Light Rail Transit (LRT) Mutiara Line project, according to a Tuesday Malaysian bourse filing.Shares rose 3% in Wednesday's midday trade.The deal, awarded by Gamuda Industrial Building System, covers the design, supply, installation, testing and commissioning of noise barriers and enclosures. Deal works are set to begin in April 2026 and run through the third quarter of 2030.The company said the contract is expected to contribute positively to earnings.

KLSE:MUHIBAH

Asia116d ago

National Storage REIT Securityholders Approve Brookfield, GIC Takeover Scheme

National Storage REIT (ASX:NSR) secured strong shareholder backing, with about 98% of votes cast in favor of the transaction resolutions, advancing the proposed acquisition by a consortium led by Brookfield Asset Management and GIC to acquire all issued company securities, according to a Wednesday Australian bourse filing.The transaction still requires final approval from the Supreme Court of New South Wales at a hearing scheduled for April 21, per the filing.Upon court approval, the scheme is expected to become legally effective on that date, and the company securities are expected to be suspended from trading on the Australian Securities Exchange at the close of trading on April 21, the filing added.

ASX:NSR

Asia116d ago

Hainan Airport Infrastructure Subsidiary to Lease T3 Terminal for 307 Million Yuan

Hainan Airport Infrastructure (SHA:600515) controlled subsidiary Sanya Phoenix International Airport will lease the T3 Terminal and parking garage from its controlling shareholder, Hainan Airport Group, for 307 million yuan.The three-year lease covers the T3 terminal, transfer center, parking garage and related facilities, according to a Thursday filing with the Shanghai bourse.Rents are set at 84 million yuan for the first year, 98 million yuan for the second and 125 million yuan for the third.Shares of the airport operator slid 1% in recent trade.

SHA:600515

Asia116d ago

Market Chatter: Australian PM to Visit Malaysia to Boost Energy Cooperation Amid US-Iran War

Australian Prime Minister Anthony Albanese will visit Malaysia from April 15 to April 17, as Kuala Lumpur seeks to strengthen energy security cooperation during ongoing global uncertainty, The Star reported Tuesday.Malaysia's Foreign Ministry said closer engagement with Australia will help ensure stable access to key resources such as liquefied natural gas, which is vital for power generation and industrial use. The visit is also expected to advance collaboration in food security, investment and technology to cushion external shocks, the report said.The ministry said disruptions in the Strait of Hormuz could hit Malaysia's crude imports, as Australia supplies most of its LNG while Malaysia exports fuel in return, according to the report.Leaders are expected to issue a joint statement on energy security and oversee the signing of a halal meat partnership deal between the Department of Islamic Development Malaysia and the Department of Agriculture, Fisheries and Forestry, the news outlet said.(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.)

FTSE Bursa Malaysia KLCI

Asia116d ago

Tsinghua Tongfang's Subsidiary Received Creditors' Nod for Restructuring Plan

Tsinghua Tongfang's (SHA:600100) subsidiary, Beijing Tongfang Jizhao Technology, said creditors approved its restructuring plan, according to a Shanghai bourse filing on Wednesday.Tongfang Jizhao has outstanding receivables of 117.6 million yuan and creditors' claims amounted to 218.2 million yuan.Approximately 98.2 million yuan will be recovered as part of the plan.The Chinese information technology company's shares fell over 2% during the afternoon trade.

SHA:600100

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Asia116d ago

Australian Shares Flat; Virgin Australia Says Fiscal Year 2026 Guidance Unchanged, Fiscal H2 EBIT Expected to Rise

ASX 200ASX:MSBASX:VGNASX:YAL