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SinoMedia Proposes Name Change

SinoMedia (HKG:0623) is proposing to change its English name to Golden Bridge Group, according to a Friday Hong Kong bourse filing.The name change is subject to shareholder and regulatory approvals, the advertising firm said.The firm believes the new name will give it a more defined corporate image and identity, aligning with its strategic focus, and is expected to boost business development.

HKG:0623

Asia123d ago

Crisil, India Ratings Assigns A1+ Rating to Mahindra & Mahindra Financial's Commercial Papers

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) said CRISIL Ratings has assigned A1+ rating to the company's commercial paper worth 170 billion Indian rupees, according to an Indian bourse filing on Friday.Separately, India Ratings & Research also assigned A1+ rating to Mahindra & Mahindra Financial's commercial paper worth 200 billion Indian rupees, the filing said.

BOM:532720NSE:M&MFIN

Asia123d ago

Carrianna's Vice Chair Steps Down

Carrianna (HKG:0126) said Ma Hung Ming, John, resigned as its vice-chairman effective Friday, according to a same-day Hong Kong bourse filing.Ma was also re-designated from executive director to non-executive director, the restaurant operator said.The move comes for Ma to focus on other business developments and align with the firm's work adjustments.

HKG:0126

Asia123d ago

Market Chatter: China to Allow State Refiners to Tap Commercial Oil Reserves Amid Energy Crunch

China has allowed state refiners to tap commercial oil reserves, Bloomberg News reported Friday, citing people familiar with the matter.The move comes amid a global energy crisis brought about by the war in Iran, according to the report.The sources did not say how much the state-owned refiners such as China Petroleum & Chemical (HKG:0386, SHA:600028) or Sinopec and PetroChina (HKG:0857, SHA:601857) parent China National Petroleum Corp. could take, the report said.China could allow refiners to extract reserves of up to 1 million barrels daily from April to June, the report said, citing analysts at Energy Aspects.Chinese crude imports reach 11 million barrels daily, Bloomberg reported.(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:0386HKG:0857SHA:600028SHA:601857

Asia123d ago

SJVN Names CFO

SJVN (NSE:SJVN, BOM:533206) appointed Parthajit De as chief financial officer, effective April 10, according to a same-day filing on Indian bourses.Shares of the company were up over 2% in after-market hours.

BOM:533206NSE:SJVN

Asia123d ago

Market Chatter: Hainan Airlines Seeks As Much As 500 Million Yuan in Bond Market Return

Hainan Airlines (SHA:600221) is seeking to raise as much as 500 million yuan in a potential onshore bond offering, Bloomberg reported Friday, citing people familiar with the matter.The airline's issuance comes following a debt restructuring more than four years ago, marking its return to the bond market, according to the news outlet.Hainan Airlines representatives have connected with investors in recent weeks to gauge interest in a sale of five-year bonds, according to Bloomberg.The airline has been planning the possible bond sale for at least one year, Bloomberg 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.)

SHA:600221

Asia123d ago

China to Improve Freight Transport Hubs

Chinese officials are looking to boost the country's freight transport hubs by increasing capacity for critical strategic materials and key industrial goods, Xinhua News Agency reported Thursday.Officials from the finance and transport ministries will support 30 cities and city clusters to boost their transport capacity over a three-year period beginning in 2026, the report said.China also seeks to improve its logistics network to ensure better domestic and international connections, according to the state-owned news agency.

Shanghai Composite^SZSE

Asia123d ago

Avonmore Capital & Management to Acquire EGE Consultant

Avonmore Capital & Management Services (NSE:AVONMORE, BOM:511589) agreed to acquire EGE Consultant, according to an Indian bourse filing on Friday.The transaction is subject to certain conditions, the company said.

BOM:511589NSE:AVONMORE

Asia123d ago

Zhenro Properties Logs 315 Million Yuan in March Contracted Sales

Zhenro Properties Group (HKG:6158) recorded contracted sales of around 315 million yuan in March, with a gross floor area (GFA) of 21,070 square meters, according to a Friday Hong Kong bourse filing.The property firm's average selling price for the month stood at approximately 15,000 yuan per square meter.For the first quarter of 2026, contracted sales and GFA reached roughly 964 million yuan and 68,134 square meters, respectively, with an average selling price of 14,100 yuan per square meter.

HKG:6158

Asia123d ago

Belc's Full-Year Profit Up 2.4%

Belc's (TYO:9974) profit attributable to owners of the parent rose 2.4% to 12.7 billion yen for the fiscal year ended Feb. 28 from 12.4 billion yen a year earlier.The supermarket operator's basic earnings per share increased to 608.69 yen from 594.16 yen a year ago, according to a Tokyo bourse filing on Friday.Operating income gained 9.2% to 423.4 billion yen from 387.8 billion yen in the prior year.It declared a year-end dividend of 62 yen per share, payable from May 7.For the fiscal year ending Feb. 28, 2027, the company expects attributable profit in the range of 12.5 billion to 13.6 billion yen, basic EPS of 600.07 yen to 652.88 yen, and net sales of 434.5 billion to 454.6 billion yen.Belc plans to pay interim and year-end dividends of 66 yen per share, each, for the current year, which is higher than the dividends paid in the prior-year period.

TYO:9974

Asia123d ago

China Seeks More Competition Oversight in Power, Energy Storage Sectors

Chinese authorities asked companies to resist unreasonable pricing and unfair competition to ensure a healthy market environment for the power and battery energy storage sector, Xinhua News Agency reported Thursday.The Ministry of Industry and Information Technology, the National Development and Reform Commission, the State Administration for Market Regulation, and the National Energy Administration issued the guidelines.The agencies also sought improved product quality supervision, efforts against intellectual property violations, and measures to address the spillover of competition into overseas markets, the report said.

Shanghai Composite^SZSE

Asia123d ago

Market Chatter: Prohibitions on Foreign Tech Could Deter Chinese Carmakers from Entering US, Top Trade Official Says

U.S. curbs on foreign technology could keep Chinese car manufacturers out of the country for the next 12 to 18 months, Bloomberg reported Thursday, citing U.S. Trade Representative Jamieson Greer.American prohibitions on foreign-made connected vehicle technology and software created by so-called foreign entities of concern are Chinese companies' biggest stumbling block, according to the report, citing Greer."It would probably be difficult for certain countries to establish new production here, given those sets of rules," Bloomberg quoted Greer as saying to reporters during a tour of an automobile production facility.Domestic car manufacturers are closely watching the possible entry of Chinese carmakers to the U.S., after President Donald Trump said he was open to China-based manufacturers from setting up shop in America, provided they hire American workers, 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.)

Shanghai Composite^SZSE

Asia123d ago

Market Chatter: Blackstone, Apollo and SoftBank Eye Over 1 Trillion Yen TEPCO Capital Tie-Up

Tokyo Electric Power Co. (TYO:9501) has drawn interest from Blackstone, Apollo Global Management, and SoftBank (TYO:9984) for a planned capital partnership that could involve external funding exceeding 1 trillion yen, according to a Nikkei report on Thursday.Citing people familiar with the discussions, the publication said global private equity firms are viewed as strong contenders to provide such an investment.Proposals were submitted before TEPCO's end-of-March deadline, the news agency added, allowing the utility to begin screening potential partners.The power company intends to spend the coming months refining possible deal structures and narrowing down the candidate list, the report noted.TEPCO has not replied to MTNewswire queries at press time.(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.)

TYO:9501TYO:9984

Asia123d ago

TSMC's Revenue Soars 45% in March

Taiwan Semiconductor Manufacturing (TPE:2330) booked consolidated revenue of NT$415.2 billion for March, up 45% versus a year earlier.Monthly, the figure increased 31%, according to a Friday Taiwan Exchange filing.Cumulative revenue for the first three months of 2026 reached NT$1,134.10 billion, soaring 35% from the same period in 2025.

TPE:2330

Asia123d ago

Hanwha Aerospace Abandons Plan to Take Over Poongsan's Ammunition Business

Hanwha Aerospace (KRX:012450) suspended the review of acquiring the defense unit of Poongsan (KRX:103140), according to a Thursday filing with the Korea Exchange.Shares of Hanwha Aerospace rose nearly 4% at market close while those of Poongsan declined over 3%.The South Korean defense company did not specify the reason for the decision.

KRX:012450KRX:103140

Asia123d ago

Chunghwa Telecom Logs NT$10 Billion Profit in Q1

Chunghwa Telecom (TPE:2412) posted net income attributable to shareholders of NT$10.1 billion, or NT$1.30 per share for the first quarter.Revenue for the quarter totaled NT$60 billion, according to a Friday filing with the Taiwan Stock Exchange.For March alone, net income attributable to shareholders reached NT$3.32 billion or NT$0.42 per share. Meanwhile, revenue came in at NT$20.8 billion, the filing said.

TPE:2412

Asia123d ago

MediaTek Logs NT$63.2 Billion Profit in March

MediaTek (TPE:2454) logged consolidated net sales of NT$63.2 billion for March, according to a Friday filing with the Taiwan Stock Exchange.The figure rose 62% from NT$39 billion recorded in February, the company said.

TPE:2454

Asia123d ago

Hanwha Aerospace Wins KRW948.2 Billion Follow-On K9 Howitzer Contract from Finland's Defence Ministry

Hanwha Aerospace (KRX:012450) secured a follow-up contract worth 546 million euros, or 948.2 billion won, from the Finnish Ministry of Defence to supply K9 Self-Propelled Howitzers (SPH), the defense products manufacturer said in a Friday release.Finland first ordered 48 K9 units in 2017 and has since then placed several orders for the same. With the latest deal, Finland became the third NATO member, after Türkiye and Poland, to operate more than 200 units of K9, it said.The contract comprises 112 K9 systems and spare parts, with deliveries to the Finnish Army scheduled to commence from 2028, the release said.Shares of Hanwha Aerospace rose nearly 4% at market close.

KRX:012450

Asia123d ago

Indian Equities Rise on Friday Ahead of US-Iran Talks

Indian benchmarks indices closed higher on Friday, supported by optimism around upcoming U.S.-Iran talks that could ease geopolitical tensions.The BSE Sensex gained 918.60 points, or 1.2%, to end at 77,550.25, while the NSE Nifty 50 rose 275.50 points, or also 1.2%, to settle at 24,050.60.Markets saw steady buying through the session. Banking and financial stocks led the gains. Investors are tracking the outcome of peace talks scheduled over the weekend, as it could influence crude oil prices and near-term market direction.Among stocks, RailTel Corp. of India (NSE:RAILTEL, BOM:543265) edged higher after securing a 231.8 million rupee order to develop an online portal for a Goa government body.Oasis Securities (BOM:512489) jumped 5% after appointing Surendra Kumar Joshi as chief financial officer with effect from Friday.

^BSENifty 50BOM:512489BOM:543265NSE:RAILTEL

Asia123d ago

Sansan's Nine-Month Profit Soars 142%

Sansan's (TYO:4443) profit attributable to owners of the parent soared 142% to 4.11 billion yen for the nine months ended Feb. 28 from 1.70 billion yen a year earlier.The software company's earnings per share increased to 32.13 yen from 13.21 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales jumped 26% to 39.3 billion yen from 31.1 billion yen in the prior year.In a separate filing, Sansan raised the lower end of its full-year net sales forecast to 53.6 billion yen from 52.7 billion yen initially, and its adjusted operating profit forecast to 8.04 billion yen from 6.85 billion yen, reflecting steady business progress through the third quarter.As such, for the fiscal year ending May 31, the company now expects net sales of 53.6 billion to 54 billion yen and adjusted operating profit of 8.04 billion to 8.64 billion yen, as it refrained from providing a specific 'concrete' forecast.Sansan does not plan to pay any interim or year-end dividends for the current year, similar with the year before.

TYO:4443

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