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General Insurance Corporation of India Appoints CFO

General Insurance Corporation of India (NSE:GICRE, BOM:540755) appointed Rajesh Laheri as chief financial officer, effective from Thursday, according to a same-day filing to the Indian stock exchanges.He succeeds V. Balkrishna, who has resigned from the role.The company's shares were up nearly 2% in recent trade.

BOM:540755NSE:GICRE

Asia14d ago

Global Resource Construction's Unit Bags SG$35 Million Project

Global Resource Construction's (SGX:S3N) subsidiary, CES-Precast, was awarded a contract worth SG$35 million by Ho Lee Construction, according to a Thursday filing with the Singapore Exchange.The 24-month contract is for the supply and delivery of precast concrete components for a construction project at Berlayar Street in Singapore.

SGX:S3N

Asia14d ago

Singapore Adds Crypto Exchange Bybit to Investor Alert List

The Monetary Authority of Singapore has added Dubai-based cryptocurrency exchange Bybit Fintech to its investor alert list on Wednesday.The exchange was added as it has never been licensed to operate in the city-state, Bloomberg reported Thursday.MAS said on its website that entities in the list may be or may have been wrongly perceived as being licensed by the regulator, among other reasons.Meanwhile, the company has confirmed its inclusion on the list and is engaging with the regulator, according to its official post on X.

^STI

Asia14d ago

NIU Holdings Forecasts Fiscal Loss

NIU Holdings (HKG:8619) said it expects HK$96 million to HK$99 million in net loss for the fiscal year ended March 31, sliding from a profit of HK$64.5 million a year earlier, according to a Thursday filing with the Hong Kong bourse.The firm attributed the decline to a HK$74 million loss on financial assets during the fiscal year.

HKG:8619

Asia14d ago

Market Chatter: Hyundai Motor to Acquire SoftBank's Balance Stake in Boston Dynamics for $325 Million

Hyundai Motor (KRX:005380) agreed to purchase SoftBank's remaining 9.65% stake in Boston Dynamics for $325 million after the investor exercised its right to exit the business, South Korea's Maeil Business reported on Friday.The deal will give the South Korean automaker full control of the U.S. robotics firm after it acquired a controlling stake in 2021, the report said.Hyundai Motor is expected to call a board meeting on June 22 to finalize the purchase, the report said.Hyundai Motor and SoftBank did not immediately respond to requests for comment from.(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.)

KRX:005380

Asia14d ago

IKK Holding Completes Off-Auction Distribution of 1.4 Million Shares

IKK Holding (TYO:2198) said it completed an off-auction distribution of 1.4 million shares at 660 yen apiece as part of efforts to improve share distribution and trading liquidity, according to a Friday filing on the Tokyo Stock Exchange.The wedding business firm said that applications for the transaction conducted the same day on the Tokyo Stock Exchange were capped at 10,000 shares per investor.Following the transaction, the holding of major shareholder Katsushi Kaneko fell to 1.7 million shares, or 5.78% of voting rights, from 3.1 million shares, or 10.51% of voting rights.

TYO:2198

Asia14d ago

PUC Proposes Private Placement of Shares, to Acquire H BESS for MYR7 Million

PUC (KLSE:PUC) proposed a private placement of up to 304.8 million new ordinary shares, representing 10% of its existing issued share capital, to be issued to selected third-party investors.The company will determine the issue price and other details later.In the same filing, the company disclosed plans to acquire the entire equity interest in H BESS for 6.8 million ringgit, to be fully satisfied in cash.The stake will be purchased from Yong Tzen Wae and Chua Sai Men, it said.

KLSE:PUC

Asia14d ago

KHPT Unit Secures Components Supply Deal from Proton

KHPT (KLSE:KHB) unit Automev Global bagged a letter of acceptance from Perusahaan Otomobil Nasional (PROTON) to supply automotive structural components for a new vehicle model.The letter was accepted on May 16, and the company was allowed by Proton to announce the deal on June 16, the filing said.The deal will remain valid for the model's lifecycle, unless extended or terminated, according to a Thursday Malaysian bourse filing.KHPT said the contract is expected to generate about 155 million ringgit in revenue over its duration and will contribute positively to earnings.

KLSE:KHB

Asia14d ago

Attika Group Issues 135 Million Bonus Shares; Shares Down 5%

Attika Group (SGX:53W) allotted and issued 134.9 million bonus shares on Thursday, according to a same-day filing with the Singapore Exchange.Shares of the commercial interior decoration and engineering company were down nearly 5% in Friday trading.The new shares are expected to be listed and quoted on June 22, the filing said.

SGX:53W

Asia14d ago

Lemon Tree Hotels Signs Pacts to Open Two New Resorts in Maharashtra, India

Hospitality company Lemon Tree Hotels (NSE:LEMONTREE, BOM:541233) has signed license agreements for two new resorts in Maharashtra, India, according to a Thursday filing to the Indian stock exchanges.The two properties, Lemon Tree Resort, Tadgaon, and Lemon Tree Resort, Igatpuri, will be managed by the company's wholly-owned subsidiary, Carnation Hotels.While the Tadgaon resort will have 110 rooms, the Igatpuri hotel will have 90 rooms.With these two new signings, the company will have 32 properties in Maharashtra, with 15 operational and 17 in the pipeline.

BOM:541233NSE:LEMONTREE

Asia14d ago

Elife Expects Turnaround to Profitability

Elife (HKG:0223) expects HK$1.8 million in attributable profit for the fiscal year ended March 31, a turnaround from the HK$97.8 million attributable loss in the prior-year period, according to a Thursday filing with the Hong Kong bourse.The firm attributed the turnaround to the absence of a HK$40.7 million disposal loss recorded in the last fiscal year.The company's financial results are due on June 29.

HKG:0223

Asia14d ago

Baker Technology to Spend SG$7 Million to Consolidate Operations at Pioneer Sector Site

Baker Technology (SGX:BTP) is looking to consolidate its operations at 6 Pioneer Sector in Singapore following the end of its lease period at two Jalan Samulun properties to Jurong Town Council, according to a Thursday filing with the Singapore Exchange.Shares of the marine infrastructure company were up over 2% in Friday trading.The company has already secured a lease extension for the 6 Pioneer Sector property until 2043 and has engaged a contractor to build a new office annex to increase floor space by around 70%.The project, which will cost around SG$7 million, is expected to be completed between the second half of 2027 and the first half of 2028.

SGX:BTP

Asia14d ago

King's Stone Expects Fiscal 2026 Loss to Narrow

King's Stone (HKG:1943) expects a net loss after tax of at least HK$14 million for fiscal 2026, narrowing from a net loss of about HK$99.4 million in fiscal 2025, according to a Thursday Hong Kong bourse filing.The company attributed the narrower loss to a surge in revenue to about HK$556.3 million from HK$173.4 million a year earlier and a reduction in administrative expenses.

HKG:1943

Asia14d ago

Emmerson Resources Says Western Australia's Supreme Court Approved Pan African Resources Deal; Shares Fall 5%

Emmerson Resources (ASX:ERM) said the Supreme Court of Western Australia approved Pan African Resources' proposed acquisition of the company on Friday, according to a same-day filing with the Australian bourse.Emmerson plans to lodge a copy of the court's orders with the Australian Securities and Investments Commission on June 22, which will make the deal legally effective.The company said it expects its ASX-listed shares to be suspended at the close of trading on June 22.Shares of Emmerson fell 5% in recent Friday trade.

ASX:ERM

Asia14d ago

Singapore Welcomes US-Iran Peace Deal, Commends Mediators

Singapore has welcomed the signing of a memorandum of understanding between the U.S. and Iran to end hostilities and establish a framework for further negotiations, according to an official statement by the Ministry of Foreign Affairs on Thursday.The ministry commended the mediatory role played by Pakistan and Qatar to broker an interim deal between the two sides, while also welcoming the commitment to reopen the Strait of Hormuz.U.S. President Donald Trump signed the deal in France during the G7 summit, while the president of Iran, Masoud Pezeshkian, signed the document on Wednesday.

^STI

Asia14d ago

Keppel Repurchases Shares Worth SG$2.3 Million

Keppel (SGX:BN4) bought back 200,000 shares in the open market on Wednesday for nearly SG$2.3 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased over 11 million shares under its existing buyback mandate.

SGX:BN4

Asia14d ago

Teco Electric and Machinery Unit Leases Office Space for NT$22 Million

Teco Electric and Machinery (TPE:1504) TECNOS International Consulting acquired the right to use office space in Taipei, Taiwan, for NT$22.4 million, according to a Thursday Taiwan Exchange filing.Shares gained about 2% in Friday's late morning trade.The assets will be purchased from related party Tong-An Assets Development & Management.The lease term runs from July 1, 2026, to June 30, 2032, and the office space will be used to meet operational requirements.

TPE:1504

Asia14d ago

BHP Group Increased Jansen Project Budget More Than Expected Amid Poor Outlook for Potash, Jefferies Says

BHP Group's (ASX:BHP) $2 billion increase to the capital expenditure budget for its Jansen potash project is more than Jefferies had expected, the investment firm said in a Thursday note.The increase, which marks the third upward revision across Jansen in under a year, takes total planned development costs for the project to nearly $20 billion."While another capex increase had been expected, this update is still unhelpful, especially when the fundamental outlook for potash appears to be notably poor for the foreseeable future," the equity research firm said.It added that execution risk remains as roughly 84% of the project's stage 2 construction is still pending, with first production expected late in fiscal year 2031, although stage 2 still screens as providing better returns than stage 1 due to infrastructure leverage.Jefferies reiterated its hold rating on BHP, saying that it sees "better value elsewhere in mining for now."The company's shares fell 4% in recent Friday trade.

ASX:BHP

Asia14d ago

Microware Group Sees Sharp Rise in Fiscal 2026 Profitability

Microware Group (HKG:1985) said it expects HK$29 million to HK$31 million in attributable profit for the fiscal year ended March 31, a sharp increase from the HK$8.2 million recorded a year prior, according to a Thursday filing with the Hong Kong bourse.The firm attributed the upbeat forecast to revenue growth during the period.The company's financial results are due later in June.

HKG:1985

Asia14d ago

Bar Pacific Group Expects Return to Profitability

Bar Pacific Group Holdings (HKG:8432) expects HK$13 million to HK$16 million in attributable profit for the fiscal year ended March 31, a turnaround from the HK$18 million attributable loss booked in the year-ago period, according to a Thursday filing with the Hong Kong bourse.The firm attributed the return to profitability to a decrease in fair value loss on investment properties.The company's financial results are due by the end of June.

HKG:8432

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