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Summi's Lender Backtracks on Winding-Up Petition

Summi Group Holdings (HKG:0756) said a certain lender notified that it will withdraw the winding-up petition filed with the Hong Kong High Court against the company, according to a Monday bourse filing.The company said legal representatives from both sides will work to take back the petition, thus eliminating the risk of bankruptcy.

HKG:0756

Asia1d ago

Service Stream Says Australian Retirement Trust Becomes Substantial Holder

Service Stream (ASX:SSM) said Australian Retirement Trust became a substantial holder of the company on Sept. 18 with ownership of about 31.3 million shares representing voting power of 5.066%, according to a Tuesday filing with the Australian bourse.Shares of Service Stream rose 2% in recent Tuesday trade.

ASX:SSM

Asia1d ago

Gotion High-tech Completes 500-Million-Yuan Bond Repayment; Shares Up 4%

Gotion High-tech (SHE:002074) on Sept. 19 completed the repayment of 500 million yuan of 180-day green bonds carrying a coupon rate of 1.93%, according to a Tuesday filing with the Shenzhen bourse.The company repaid principal and interest totaling about 504.8 million yuan.Shares of the battery systems maker rose 4% in recent trade.

SHE:002074

Asia1d ago

New Zealand Shares Rise, Templeton Emerging Markets Investment Trust Reports Taiwan Semiconductor Manufacturing as Top Portfolio Holding

New Zealand shares ended higher on Tuesday while most Asian markets saw gains after Monday's Wall Street rally.The S&P/NZX 50 rose 0.39%, or 54.28 points, to close at 13,875.48.Overnight, the Nasdaq Composite added 2.3%, the S&P 500 gained 1.5%, and the Dow Jones rose 0.7%.In domestic news, New Zealand's Electricity Authority is urging distributors to be mindful of consumer impacts as they adjust pricing ahead of the completion of the government's phase-out of low fixed charge regulations.Also, New Zealand employment confidence rose 3.2 points in the September quarter to 86.3 from 83.1 in the June quarter, only slightly reversing the sharp 12.5-point decline in the previous quarter, according to the Westpac-McDermott Miller Employment Confidence index.Further, New Zealand's central bank waited too long to tweak monetary policy after its initial response to the Covid-19 pandemic resulted in a stronger-than-expected economic recovery, causing the economy to overheat to a historically extreme degree, according to an independent review published by the Finance Ministry.In corporate news, Templeton Emerging Markets Investment Trust (NZE:TEM) reported Taiwan Semiconductor Manufacturing as its top portfolio holding by market value as of Aug. 31, with ownership of about 10.2 million shares worth 572.1 million pounds sterling.Auckland International Airport (ASX:AIA, NZE:AIA) plans to add or replace 10 kilometers of baggage conveyor equipment as part of an effort to modernize the original baggage handling system at Auckland Airport in New Zealand.

^NZ50ASX:AIANZE:AIANZE:TEM

Asia1d ago

Chinese Drug Regulator Accepts Allist Pharma's Marketing Application for Furmonertinib Mesylate Tablets' New Indication

China's National Medical Products Administration accepted Shanghai Allist Pharmaceuticals' (SHA:688578) marketing application for a new indication of furmonertinib mesylate tablets, according to a Shanghai bourse filing on Tuesday.The new indication is for tumor resection in adult patients with non-small cell lung cancer harboring epidermal growth factor receptor exon 19 deletion or exon 21 substitution mutations.

SHA:688578

Asia1d ago

Market Chatter: Microsoft Plans to Double Data Center Count in Taiwan

Technology giant Microsoft plans to double the number of data centers in Taiwan from two to four, with the additional capacity expected to come online soon, Taiwan News said in a report on Monday quoting Microsoft Taiwan General Manager Sean Pien.The data center expansion is expected to help Microsoft clear local bottlenecks and regulatory requirements.The number of services offered through Microsoft's Taiwan data centers has also increased from more than 70 to over 200, Pien 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.)

Taiwan Weighted

Asia1d ago

Chinese, German Foreign Ministers Discuss Free Trade, Bilateral Relations

Chinese Foreign Minister Wang Yi told his German counterpart Johann Wadephul that strengthening mutually beneficial cooperation serves both sides' interests, Chinese state media Xinhua News reported Monday.Wang urged both countries to jointly uphold multilateralism and free trade, stressing the One China Principle as the political foundation of bilateral ties.

Shanghai Composite^SZSE

Asia1d ago

Fitch Affirms New Zealand Local Government Funding Agency

The New Zealand Local Government Funding Agency (LGFA) benefits from virtually guaranteed extraordinary support from the country's government should the need arise, reinforcing its strategic role in public-sector financing, Fitch Ratings said Tuesday as it affirmed the agency's ratings.Fitch affirmed LGFA's long-term issuer default ratings at "AA+" and its short-term issuer default ratings at "F1+," with a negative outlook.LGFA provides most of New Zealand's local government financing, and its ratings are therefore equalized with those of the sovereign, the ratings agency said.The central government owns a minority share in LGFA but maintains strong oversight through legislative mandates, regular reporting, and representation on the shareholders' council. The central government's NZ$3 billion committed liquidity facility ensures LGFA's financial stability, Fitch said, noting that the agency has not required government support since the initial equity contribution.LGFA's net operating profit increased 85% year over year in fiscal 2026, supported by lower all-in funding costs from its expanded offshore borrowing program, the ratings agency added.

^NZ50

Asia1d ago

Market Chatter: China Slows Down Robot Companies' IPO Amid Concerns

China is hindering the progress of humanoid robot companies that are applying for initial public offerings due to retail-investor concerns, Reuters reported Monday, citing insiders.Concerns were triggered after Unitree Robotics (SHA:688836) skyrocketed 629% at its Shanghai Stock Exchange debut, but dropped 55% from its peak, the report said.Market regulators have used the informal "window guidance" to slow down the listings of such companies, effectively freezing them, although there is no formal ban, the insiders told the media outlet.The China Securities Regulatory Commission did not immediately reply to' request for comment.(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^SZSESHA:688836

Asia1d ago

Hong Kong Court Moves Ta Yang's Winding-Up Petition Hearing to Late October; Shares Rise 3%

Ta Yang Group Holdings (HKG:1991) said the Hong Kong High Court has further adjourned a hearing linked to a winding-up petitition filed against the company, according to a Monday filing with the bourse.The company said the court has moved the hearing to Oct. 26 from Sept. 21, and also ordered it to make a security payment of HK$20 million within 28 days.Ta Yang said it will be able to arrange the security money for the court with the given time period.Shares were last up 3% in afternoon trading on Tuesday.

HKG:1991

Asia1d ago

Royal Orchid Hotel (Thailand) OKs Rights Offering of Up to 280 Million Shares

Royal Orchid Hotel (Thailand) (SET:ROH) approved a rights offering of up to 280 million new shares at 0.60 baht each, according to a Monday filing with the Thai bourse.The shares will be offered to existing shareholders at a ratio of 3.35 existing shares for one new share, with the record date set for Oct. 5 and subscription and payment scheduled for Oct. 20 to 27.The company expects to raise up to 168 million baht if fully subscribed.Proceeds will be used to address the company's free-float requirement, as well as for future investments, working capital and liquidity, Royal Orchid said.

SET:ROH

Asia1d ago

Market Chatter: South Korea Chooses Texas Power Plant Project as First US Investment Project

South Korea decided to pursue a natural gas-fired power plant in Texas as the first project under its $350 billion U.S. investment pledge, Reuters reported Tuesday, citing a lawmaker.Industry Minister Kim Jung-kwan reported the decision to the National Assembly during a closed-door briefing on Tuesday, the report said.Lawmaker Chung Chin-ook confirmed the plan on the sidelines of the meeting, adding that two other projects are up for consideration, Reuters reported.Seoul made the investment pledge with the U.S. in November 2025 in exchange for lower tariffs on Korean goods.(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.)

^KOSDAQKOSPI

Asia1d ago

ProsperCap's Units Extend Senior and Mezzanine Facility Agreements

ProsperCap's (SGX:PPC) subsidiaries, ProsperCap Subholdco and PPC Regional Hospitality, signed an agreement with lenders to extend the initial expiry date of the senior and mezzanine facility agreements, according to a Monday Singapore bourse filing.The extension provides additional time for the units to satisfy relevant capital expenditure milestone requirements.The senior loan comprised a term facility of up to 232.6 million pounds and a CAPEX facility of up to 11 million pounds.Meanwhile, the mezzanine loan comprised a term facility of up to 63.4 million pounds and a CAPEX facility of up to 3 million pounds.

SGX:PPC

Asia1d ago

Beverly Wilshire Unit Served With Medical Malpractice Claim

Beverly Wilshire (SGX:9QX) unit Beverly Wilshire Medical Center was served with a writ and statement of claim by a patient alleging medical malpractice in or around September 2025, according to a Monday Singapore bourse filing.The patient is seeking about 961,386.44 ringgit in special damages, along with general, aggravated and exemplary damages.Beverly Wilshire Medical Center will file its defense and counterclaim within 28 days from Sept. 21, it said.The company said a collaboration partner's authorized representatives have paid about 500,000 ringgit toward the patient's medical expenses, and a further 250,000 ringgit for accommodation, logistics and other expenses as compensatory benefits and in settlement of the claim.

SGX:9QX

Asia1d ago

China Smarter Energy Addresses 2025 Going Concern Uncertainty Opinion

China Smarter Energy Group Holdings (HKG:1004) said it has implemented measures to address its auditor's going concern uncertainty disclaimer for fiscal year 2025, according to a Monday filing with the bourse.The company said it has negotiated with its creditors to extend the repayment date and secured additional working capital financing, among other measures, to address the auditor's concern for the previous year, and believes it can avoid a recurrence of such an opinion this year.Additionally, the company said it has resolved its auditor's disclaimer of opinion for fiscal year 2024.

HKG:1004

Asia1d ago

LG Electronics Signs AI Partnership With Microsoft

LG Electronics (KRX:066570) has entered into a strategic partnership with Microsoft across the AI value chain, according to a Tuesday release.The partnership will cover next-generation AI data centers, physical AI and AI transformation.In AI data center infrastructure, the South Korean appliance and consumer electronics company will look to supply cooling, power and infrastructure solutions for Microsoft's global expansion.LG will also leverage Microsoft's AI and cloud platforms for its knowledge workforce as part of its AI transformation.For physical AI, LG will use Microsoft's high-performance cloud infrastructure in developing AI models for physical settings such as manufacturing, logistics and mobility.Shares of LG Electronics rose over 6% in recent trade.

KRX:066570

Asia1d ago

Incredible Discloses Identity of Director in Response to SGX Query

Incredible (SGX:RDR), responding to a Singapore Exchange query, said independent director Eunice Veon Koh Pei Lee was the director referred to in its earlier announcement on investigations by Singapore's Commercial Affairs Department and Monetary Authority of Singapore.The company said Koh told it that she understands she is not the subject of the investigations and was only asked to assist, according to a Monday filing.The investigation into the company's affairs remains ongoing.Incredible said it believes it remains in compliance with Catalist disclosure rules and will make further announcements if there are significant developments.

SGX:RDR

Asia1d ago

Australia-Listed Energy Majors Fall After Oil Price Retreats

Santos (ASX:STO) and Woodside Energy Group (ASX:WDS) shares fell about 2%, while Viva Energy Group (ASX:VEA) was 1% lower in recent Tuesday trade, following a continued slide in the price of oil.Oil prices declined for a fourth straight session on Monday to hit their lowest closing level since Sept. 8 as flows through the Strait of Hormuz improved and the markets weighed prospects for a diplomatic resolution to the Middle East conflict, The Wall Street Journal reported.

ASX:STOASX:VEAASX:WDS

Asia1d ago

Market Chatter: GAC Seeks to Expand Output Capacity in Europe; Shares Down 3%

Guangzhou Automobile Group (SHA:601238, HKG:2238), or GAC, plans to expand its production capacity in Europe, especially in major markets such as France, Reuters reported Monday, citing an executive.Cedric Lacour, GAC France's deputy chief executive, told Reuters at the sidelines of a Paris event that they are looking into the bloc's production capacity with its partner, Magna, and other investors, according to the report.Lacour said the Chinese automobile maker plans to launch 12 electric and hybrid models in France by 2030, and add 50 more dealerships in the country, the media outlet said.GAC's Hong Kong shares fell 3% during the midday trade.(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:2238SHA:601238

Asia1d ago

Hubei Yihua Chemical to Absorb Wholly Owned Trading Subsidiary Hubei Yihua Trading

Hubei Yihua Chemical Industry (SHE:000422) plans to merge by absorption with its wholly owned subsidiary, Hubei Yihua Trading, according to a Shenzhen bourse filing on Tuesday.The decision was taken to optimize Hubei Yihua Chemical Industry's management structure and lower management costs, the filing said.Upon completion of the absorption-type merger, Yihua Trading's legal entity status will be canceled, with all its assets, claims, debts, personnel and other rights and obligations assumed by Hubei Yihua. No consideration will be paid for the merger, it said.Hubei Yihua Chemical Industry's name, business scope, registered capital, equity structure, board and senior management will remain unchanged, the filing said.Shares of Hubei Yihua Chemical Industry rose more than 1% in recent trade.

SHE:000422

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