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Yuken India Appoints CEO

Hydraulic components manufacturer Yuken India (NSE:YUKEN, BOM:522108) has appointed Rakesh Kumar A as the chief executive officer of the company with effect from Wednesday, according to a same-day disclosure to the Indian stock exchanges.In 2024, he was appointed as chief operating officer, where he managed overall operations in coordination with the leadership team.

BOM:522108NSE:YUKEN

Asia148d ago

Great Wall Motor's Plans Share Incentive Scheme

Great Wall Motor's (SHA:601633, HKG:2333) board approved a resolution related to the proposed adoption of a restricted China-listed share incentive scheme under which it'll issue up to 37.3 million restricted shares, according to a Tuesday Hong Kong bourse filing.Shares of the automaker were up nearly 1% in Wednesday afternoon trading.The shares represent around 0.4359% of the company's issued share capital.The scheme can have up to 1,515 participants, spanning senior leadership and core personnel across the firm and its subsidiaries.The scheme, which involves the issue of new China-listed shares by the firm, is subject to the relevant shareholder approvals and regulatory requirements.

HKG:2333SHA:601633

Asia148d ago

Veson's Controlling Shareholder Boosts Stake; Shares Jump 23%

Veson (HKG:1399) said its controlling shareholder, Fang Jin, increased his stake in the company, according to a Tuesday Hong Kong bourse filing.Shares of the firm were up nearly 23% in Wednesday afternoon trade.Fang, through a wholly owned private company Right Grand Holdings, purchased 34.7 million shares on April 24 via on- and off-market transactions, representing about 3.18% of the issued share capital.Following the purchase, Fang's interest rose to 587 million shares, or about 53.85%, from about 50.67% previously, the filing showed.

HKG:1399

Asia148d ago

Crisil Affirms A Rating on Interarch Building Solutions' Bank Facilities; Outlook Stable

Crisil affirmed A long-term and A1 short-term rating on Interarch Building Solutions' (NSE:INTERARCH, BOM:544232) bank loan facilities, according to an Indian bourse filing on Wednesday.The rating outlook is stable, the filing said.

BOM:544232NSE:INTERARCH

Asia148d ago

Shreeji Shipping Global to Acquire Two Mini Bulk Carrier Vessels for INR557 Million

Shreeji Shipping Global (NSE:SHREEJISPG, BOM:544490) has agreed to acquire two mini bulk carrier vessels from Gautam Freight for 556.6 million Indian rupees, according to a filing to the Indian stock exchanges.The company will acquire the vessels, M.V. Gautam BSTAR II and M.V. Sanghi Sudarshan, as part of its fleet expansion, amounting to 8,810.80 deadweight tonnage.The vessels are scheduled to be delivered by May 1.The acquisition is expected to help boost the company's fleet utilization, optimize operating economics, and contribute positively to the company's revenue and profitability.

BOM:544490NSE:SHREEJISPG

Asia148d ago

Jiangsu Eastern Shenghong Q1 Profit Jumps 320%, Shares Rise 6%

Jiangsu Eastern Shenghong (SHE:000301) posted first-quarter attributable net profit of 1.43 billion yuan, up 320% from 341.2 million yuan the previous year.Earnings per share rose to 0.21 yuan from 0.05 yuan, according to a Wednesday filing with the Shenzhen bourse.Operating revenue went up 5.7% year over year to 32.0 billion yuan from 30.3 billion yuan.Shares of the real estate developer were up 1% in recent trade.

SHE:000301

Asia148d ago

EPI's New Zealand Unit Grants NZ$1.4 Million Loan Facility

EPI's (HKG:0689) unit EPI ESG Investment (New Zealand) agreed to provide a NZ$1.35 million loan facility to an individual borrower, according to a Tuesday Hong Kong bourse filing.Shares of the oil explorer were up nearly 7% in Tuesday afternoon trade.The nine-month loan carries an interest rate of 8% per annum, with interest payable monthly.A first mortgage over properties in Auckland was pledged as collateral, the filing showed.

HKG:0689

Asia148d ago

Tongling Nonferrous Metals Q1 profit Up 19%, Revenue Jumps 84%

Tongling Nonferrous Metals (SHE:000630) posted first-quarter attributable net profit of 1.34 billion yuan, up 19% from 1.12 billion yuan the previous year.Earnings per share rose to 0.10 yuan from 0.08 yuan, according to a Wednesday filing with the Shenzhen bourse.Operating revenue went up 84% year over year to 64.7 billion yuan from 35.2 billion yuan.Shares of the copper products company were up 1% in recent trade.

SHE:000630

Asia148d ago

Gorilla Gold Mines' Drill Results Show Potential for "Significant" Western Australia Project Resource Growth, Says Euroz Hartleys

Gorilla Gold Mines' (ASX:GG8) newly identified mineralization at its Comet Vale project in Western Australia points to a "strong potential for further significant resource growth," according to a Tuesday Euroz Hartleys note.The research firm noted that the drill results were up to 16 meters at 4.2 grams per tonne from 36 meters and eight meters at 3.6 grams per tonne from 96 meters.The note said that while these are early-stage, first-pass results, the ability to intersect similar mineralization in wide-spaced drilling "materially" de-risks the broader target pipeline.Euroz Hartleys maintained a speculative buy rating on Gorilla Gold Mines with a price target of AU$0.80.

ASX:GG8

Asia148d ago

Paras Defence and Space Technologies to Develop Anechoic Chambers

Paras Defence and Space Technologies (NSE:PARAS, BOM:543367) has entered into a memorandum of understanding with Bengaluru-based Complus Systems and Faridabad-based JV Micronics to jointly pursue opportunities in anechoic and semi-anechoic chambers, according to an Indian bourse filing on Tuesday.Shares of the company rose nearly 1% in Wednesday's trade.The consortium will undertake "design, development, manufacturing, installation, and servicing" of such facilities in India and overseas, the filing said.Paras Defence will act as the lead partner, managing the design, development and manufacturing of the chambers, while the other partners will provide technical and manufacturing support, it added.

BOM:543367NSE:PARAS

Asia148d ago

Beach Energy's Waitsia Project Production Run-Rate Offers Potential Upside to Reduced Guidance, Euroz Hartleys Says

Beach Energy's (ASX:BPT) fiscal third-quarter results included lower-than-expected production and a cut to guidance, prompting Euroz Hartleys to revise its output forecast for the company to the mid-point of updated guidance, the equity research firm said in a Wednesday note.Euroz Hartleys noted, however, that the Waitsia project's production run-rate and Otway Basin customer nominations through the fiscal fourth quarter offer potential upside to the upper end of the company's guidance.Beach Energy on Tuesday revised its fiscal year 2026 production guidance to between 19.4 million and 20.3 million barrels of oil equivalent from a previous range of 19.7 million to 22 million barrels of oil equivalent.Additional disclosure on Waitsia swap arrangements has provided a clearer outlook, triggering increases in the equity research firm's fiscal year 2027 to fiscal year 2029 earnings forecasts. Euroz Hartleys previously modelled all swaps as to be returned in-kind, but now noted that more than half of them are sell-back arrangements that earn revenue.It maintained a hold recommendation on Beach Energy while lowering its price target to AU$1.15 per share from AU$1.18, based on an updated sum-of-the-parts valuation.Beach Energy shares fell 1% in recent Wednesday trade.

ASX:BPT

Asia148d ago

Pacific Radiance Bags Contracts Worth SG$11 Million; Shares Up 5%

Pacific Radiance (SGX:RXS) secured projects worth about SG$11 million, according to a Wednesday filing with the Singapore bourse.The projects comprise retrofit and upgrading works of an offshore support vessel, decommissioning works on a platform supply vessel and conversion works of an offshore vessel.Shares of the shipbuilding and repair company were up over 5% in Wednesday trading.

SGX:RXS

Asia148d ago

Bondada Engineering Secures New Orders Worth INR1.25 Billion

Bondada Engineering (BOM:543971) has secured multiple orders totaling 1.25 billion Indian rupees for the supply of goods and on-site services for balance-of-system components for a 75 MW solar power project at Khavda in Gujarat, India.The orders have been received from Adani Green Energy (NSE:ADANIGREEN, BOM:541450), Adani Ports & SEZ (NSE:ADANIPORTS, BOM:532921), and Ambuja Cements (NSE:AMBUJACEM, BOM:500425).The contracts will be executed in three months.With this, the company's cumulative capacity executed for Adani Group has reached 725 MW.The company's shares were up over 1% in recent trade.

BOM:500425BOM:532921BOM:541450BOM:543971NSE:ADANIGREENNSE:ADANIPORTSNSE:AMBUJACEM

Asia148d ago

Auric Mining Says 18,000 Tonnes of Run-of-Mine Stockpile Material Available at Western Australia Gold Mine Starter Pit, Shares Climb 3%

Auric Mining (ASX:AWJ) said a further 18,000 tonnes of run-of-mine stockpile material at the Munda gold mine starter pit in Western Australia, at an estimated grade of 1.8 grams per tonne, is available for future processing, representing around an additional 935 ounces after processing, according to a Wednesday Australian bourse filing.A total of 68,154 dry metric tonnes was processed in its campaign two at the Munda starter pit, producing 6,168 ounces of gold at a reconciled head grade of 3.18 g/t. Mill recovery was 88.67% against a predicted recovery of 83.3%.All campaign two bullion was sold through Auric's metal account at ABC Refinery at an average realized price of AU$7,178 per ounce.Its shares jumped 3% in recent trading on Wednesday.

ASX:AWJ

Asia149d ago

Websol Energy System's Consolidated Profit More Than Doubles in Fiscal Q4

Websol Energy System (NSE:WEBELSOLAR, BOM:517498) recorded a sharp increase in its attributable consolidated profit to 1.25 billion Indian rupees in the fiscal fourth quarter against 482.7 billion rupees a year ago, according to a Tuesday filing to the Indian stock exchanges by the shipbuilder.Earnings per share climbed in the quarter ended March 31 climbed to 2.82 rupees compared with a year-ago figure of 1.12 rupees.Revenue from operations in fiscal Q4 also jumped to 4.01 billion rupees from 1.73 billion rupees a year earlier.The company's board also declared a final dividend of 0.25 rupees per share for the fiscal year ended March 31.

BOM:517498NSE:WEBELSOLAR

Asia149d ago

Beng Kuang Marine Gets In-Principle Approval for Listing of Consideration Shares in Asian Sealand Deal

Beng Kuang Marine (SGX:BEZ) gained in-principle approval from the Singapore Exchange Securities Trading for the listing and quotation of up to 57.1 million consideration shares at SG$0.35 per share, according to a Wednesday bourse filing.The shares relate to the company's acquisition of the remaining 49% stake in Asian Sealand Offshore and Marine.

SGX:BEZ

Asia149d ago

GCL New Energy Completes HK$133 Million Share Offering

GCL New Energy (HKG:0451) said it completed a HK$133 million share offering, according to a Hong Kong bourse filing Tuesday.The renewable energy company's shares shed over 4% during Wednesday's recent trade.The firm sold 127 million shares at HK$1.05 per share to raise funds to expand its business.The shares represent 7.55% of the company's enlarged share capital.

HKG:0451

Asia149d ago

Datang International Power Sees 29% Rise in Q1 Profit; Shares Jump 9%

Datang International Power Generation (HKG:0991, SHA:601991) recorded 2.89 billion yuan in attributable profit for the first quarter of 2026, up 29% from 2.24 billion yuan a year earlier, according to a Hong Kong bourse filing Tuesday.The Chinese power company's Hong Kong shares rose 9% during Wednesday's afternoon trade.Earnings per share were 0.1408 yuan, compared with 0.1004 yuan in the prior-year period.Operating revenue rose marginally to 30.27 billion yuan from 30.21 billion yuan a year ago.In a separate filing, Datang International said it formed a joint venture with Jiangsu Guoxin Group and Ordos New Energy to advance a transmission project in China's Inner Mongolia region.Datang will inject 5.1 billion yuan into the JV for a 51% stake, Jiangsu Guoxin will contribute 3.4 billion yuan for 4% equity, and Ordos will infuse 1.5 billion yuan for 15% shareholding.

HKG:0991

Asia149d ago

Unisplendour Q1 Profit Jumps 126%, Revenue Up 35%

Unisplendour (SHE:000938) posted first-quarter attributable net profit of 787.9 million yuan, up 126% from 348.5 million yuan the previous year.Earnings per share rose to 0.2755 yuan from 0.1219 yuan, according to a Wednesday filing with the Shenzhen bourse.Operating revenue went up 35% year over year to 28.0 billion yuan from 20.8 billion yuan.Shares of the semiconductor company were up 1% in recent trade.

SHE:000938

Asia149d ago

Rox Resources' Western Australia Project Expected to Be One of Highest Grade Gold Producers on ASX, Euroz Hartleys Says

Rox Resources' (ASX:RXL) Youanmi gold project in Western Australia is expected to be one of the highest-grade producers on the ASX with mines located in Australia, according to a Wednesday note from Euroz Hartleys.Grade control drilling is set to define one year of production in advance to add greater granularity to mine planning and reconciliation processes. The gentle undulating nature of the ore-body allows rapid ore drive development, it said.The firm is moving toward first gold in mid-2027. It has delivered on everything it said it would, and the highest-grade gold development story on the ASX is expected to outperform in the medium term.The investment firm kept its recommendation on Rox Resources unchanged at speculative buy and cut the price target to AU$0.90 per share from AU$1.06 per share.

ASX:RXL

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