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Sichuan Biokin Pharma's Q1 Loss Balloons Despite Revenue Growth; Shares Up 3%

Sichuan Biokin Pharmaceutical's (SHA:688506) attributable net loss ballooned to 774.6 million yuan in the first quarter from 531.4 million yuan a year earlier.Loss per share likewise widened to 1.88 yuan from 1.33 yuan, the pharmaceutical company said in a Shanghai bourse filing on Tuesday.Revenue, however, jumped 40% to 94.6 million yuan from 67.4 million yuan, which Biokin attributed to increased market demand for its products.Shares of the company fell nearly 3% in recent trade.

SHA:688506

Asia149d ago

Antipa Minerals Says Prefeasibility Study for Western Australia Copper-Gold Project on Track for September Quarter

Antipa Minerals (ASX:AZY) said the prefeasibility study for the Minyari copper-gold project in Western Australia is on track for completion in the September quarter, according to a Tuesday Australian bourse filing.The study's metallurgical testwork confirmed that the gold is free-milling and readily leachable through conventional carbon-in-leach processing, with gold recoveries ranging from 89% to 98%, and optimal grind sizes of around 75 micrometers to 106 micrometers.Its shares fell 1% in recent trading on Tuesday.

ASX:AZY

Asia149d ago

Montage Technology's Q1 2026 Profit Jumps 61%

Montage Technology (HKG:6809, SHA:688008) booked 847.4 million yuan in attributable profit for the first quarter of 2026, up 61% from 525.3 million yuan a year earlier, according to a Hong Kong bourse filing Monday.The Chinese chip designer's Shanghai shares fell 3% while Hong Kong shares gained 1% during Tuesday's morning trade.Earnings per share were 0.73 yuan, compared with 0.46 yuan in the prior year.Revenue rose 20% year on year to 1.46 billion yuan, figures showed.

HKG:6809SHA:688008

Asia149d ago

Star Entertainment Group Says Fiscal Q3 Revenue Falls 1%; Shares Down 3%

Star Entertainment Group (ASX:SGR) reported a fiscal third quarter revenue of AU$266 million, down from AU$268 million a year earlier, according to a Tuesday Australian bourse filing.The company also reported earnings before interest, taxes, depreciation, and amortization (EBITDA) loss of AU$1 million, before significant items, which was a 96% reduction on the the prior-year EBITDA loss of AU$24 million.The result for the three months ended March 31 reflects a seasonal softening in revenues and reduced levels of gaming visitation in Sydney, the company said. Its ability to continue as a going concern remains dependent on the outcome of numerous material uncertainties, some of which are interdependent and outside its control, it added.The company's shares were down nearly 3% in recent Tuesday trade.

ASX:SGR

Asia149d ago

361 Degrees International Eyes HK$618 Million via Top-Up Placement

361 Degrees International (HKG:1361) is looking to raise HK$618 million via top-up placement, according to a Hong Kong bourse filing Tuesday.Ming Rong International, a shareholder, plans to sell up to 100 million shares in the company to new investors at HK$6.18 apiece.The sportswear maker will then issue new shares to Ming Rong, which agreed to subscribe for the exact number of shares it would sell at the same price.Upon completion of the deals, Ming Rong's stake in 361 Degrees will fall to 15.11% from 15.85%.361 Degrees said deal proceeds will be used to expand its presence in overseas markets and beef up working capital.

HKG:1361

Asia149d ago

Macquarie Shares Rise After Consortium Agrees To Sell US Electric Utility

Macquarie Group's (ASX:MQG) shares were up 0.3% in recent trading on Tuesday after a consortium comprised of Macquarie Asset Management, British Columbia Investment Management, and Manulife Investment Management agreed to sell Cleco Group, a Louisiana-based regulated electric utility, to Stonepeak and Bernhard Capital Partners, according to a statement on Monday.The deal is subject to customary regulatory approvals. Upon close, Stonepeak will hold the majority interest in Cleco.

ASX:MQG

Asia149d ago

Fineos Up After Entering Partnership With Cloud-Based Medical Information Collection Platform

Fineos' (ASX:FCL) shares were up nearly 1% after the company said Monday that it entered a strategic partnership with Opifiny, a cloud-based platform that digitizes and streamlines medical information collection for underwriting, disability, and absence management.Under the collaboration, medical information collected through Opifiny will flow directly into Fineos claims and absence processes.Financial terms were not disclosed.

ASX:FCL

Asia149d ago

Sungrow Power Supply Q1 Profit Down 40%; Shares Fall 3%

Sungrow Power Supply (SHE:300274) posted first-quarter attributable net profit of 2.29 billion yuan, down 40% from 3.83 billion yuan the previous year.Earnings per share fell to 1.11 yuan from 1.85 yuan, according to a Tuesday filing with the Shenzhen bourse.Revenue declined 18% year over year to 15.6 billion yuan from 19.0 billion yuan.Shares of the solar photovoltaic inverter manufacturer slid 3% in recent trade.

SHE:300274

Asia149d ago

EPS Creative Health Renews Product Purchase Framework With Parent-Linked Supplier

EPS Creative Health Technology (HKG:3860) unit EP Trading entered into a framework purchase agreement with EPS Americas to procure laboratory consumables for three years through March 2029, according to a Monday Hong Kong bourse filing.Shares of the firm were up nearly 2% in Tuesday morning trade.The agreement replaces a prior arrangement that expired on March 31 and covers products, including animal testing consumables such as purified diets, bedding, cages, and related supplies.Proposed annual caps are set at HK$33 million for 2027, HK$36 million for 2028, and HK$39 million for 2029.EPS Americas is a subsidiary of the company's controlling shareholder, EPS Holdings, the filing said.

HKG:3860

Asia149d ago

Elsight Says Halo Connectivity Platform Granted US Blue List Status, Shares Up 5%

Elsight (ASX:ELS) said its Halo connectivity platform has been included in the US Department of War's Defense Contract Management Agency (DCMA) Blue List, a directory of approved National Defense Authorization Act (NDAA)-compliant unmanned aircraft systems and components, according to a Tuesday Australian bourse filing.The company said the clearance confirms that Halo meets the Department of War's standards for operational reliability, enabling US military units to procure Halo directly through the DCMA acquisition marketplace, bypassing traditional government acquisition cycles.The Blue List inclusion is expected to increase adoption and deployment velocity in US military and allied unmanned aircraft system (UAS) programs, the company added.The company's shares rose 5% in recent Tuesday trade.

ASX:ELS

Asia149d ago

NZX Midday Sector Update: Electronic Technology Advances, Industrial Services Decline

Electronic technology shares gained the most on New Zealand's Exchange, rising past 2% by midday Tuesday.Shares of ikeGPS Group (NZE:IKE, ASX:IKE) rose almost 5% in recent trade.On the flip side, the industrial services sector struggled, shedding nearly 4%.Ventia Services Group (NZE:VNT, ASX:VNT) shares fell 6% in recent trade.

^NZ50ASX:IKEASX:VNTNZE:IKENZE:VNT

Asia149d ago

Dreadnought Resources Completes Reverse Circulation Drilling at Western Australia Project

Dreadnought Resources (ASX:DRE) completed a reverse circulation drilling program covering about 4,800 meters at Metzke's Find, within the Illaara project in Western Australia, according to a Tuesday filing with the Australian bourse.The program was designed to add ounces to the resource along strike and at shallow depths, as well as upgrade more of the resource to the indicated category, the filing said.First results are expected to be received in May, per the filing.

ASX:DRE

Asia149d ago

Pateo Connect Technology to Raise HK$114 Million via Share Subscription

Pateo Connect Technology (Shanghai) (HKG:2889) plans to raise about HK$113.6 million in net proceeds through a share subscription, according to a Tuesday Hong Kong bourse filing.The company will issue 895,980 new shares at HK$127.35 each to The Triplex.The subscription represents about 1.19% of the company's existing issued H shares.The price reflects a discount of about 10% to the last closing price and about 10.2% to the five-day average.Net proceeds will be used for AI technology applications, product development, and business expansion, as well as working capital and general corporate purposes.

HKG:2889

Asia149d ago

Update: WuXi AppTec's Q1 Profit Up 27%

(Updated to include Shanghai stock code)WuXi AppTec (HKG:2359, SHA:603259) booked 4.65 billion yuan in attributable profit for the first quarter of 2026, up 27% from 3.67 billion yuan a year earlier, according to a Hong Kong bourse filing Monday.Earnings per share were 1.58 yuan, compared with 1.28 yuan in the prior year.Revenue jumped 29% year on year to 12.44 billion yuan, figures showed.

HKG:2359SHA:603259

Asia149d ago

Alibaba Receives HKEX Nod for Spin Off, Shenzen REIT Listing of Warehouse Park Assets

Alibaba Group (HKG:9988) received approval from the Hong Kong Exchange to spin off certain infrastructure assets into a real estate investment trust for listing on the Shenzhen Stock Exchange, according to a Monday disclosure.The underlying asset to be held by the proposed CICC Cainiao Logistics Warehouse Infrastructure REIT will be Jiaxing Park, a logistics and warehouse infrastructure park in Zhejiang province.Alibaba also obtained a waiver from HKEX, exempting it from distributing units in the REIT to existing shareholders. The company said it could not meet the requirement to either distribute units or offer preferential allocation to shareholders due to legal restrictions in mainland China.The spinoff remains subject to regulatory approval in China, the bourse filing stated.

HKG:9988

Asia149d ago

China Hongqiao Group Eyes 10.2 Billion Yuan in Offshore Debt Offering

China Hongqiao Group (HKG:1378) plans to raise 10.2 billion yuan via an offshore convertible bond issue, according to a Hong Kong bourse filing Tuesday.The zero-coupon bonds will convert into shares of the company at an initial rate of HK$43.90 per share, representing a premium of about 25.3% to the company's closing price on Monday.Assuming full conversion, the shares to be issued would amount to 266.6 million and represent 2.7% of the company's existing share capital and 2.6% on an enlarged basis.Proceeds to be raised will be used for refinancing existing debt and the purchase of raw materials.The firm simultaneously plans to purchase 11.3 million shares in a concurrent share buyback at HK$33.99 apiece.

HKG:1378

Asia149d ago

Dalipal to Raise HK$385 Million via Top-Up Placing, Subscription; Shares Slip 7%

Dalipal (HKG:1921) plans to raise about HK$385.2 million in net proceeds through a share placing and top-up subscription, according to a Tuesday Hong Kong bourse filing.Controlling shareholder Rosy Astral Limited will place up to 74.3 million shares at HK$5.28 each to not fewer than six investors on a best-efforts basis.Rosy Astral is 80.6% owned by Dalipal Chairman Meng Fanyong and 19.4% by his son YX Meng, an executive director of the company.The placing represents about 4.93% of the company's existing issued share capital.Dalipal will issue the same number of new shares to the seller under a top-up subscription at the same price.Net proceeds will be used for general working capital and corporate purposes.Shares of the smart and green manufacturing firm were down over 7% in Tuesday morning trade.

HKG:1921

Asia149d ago

South Korean Shares Open Higher Despite US-Iran Tensions

South Korean shares opened higher on Tuesday despite the ongoing tensions between the US and Iran.The benchmark Korea Composite Stock Price Index, or Kospi, gained 0.5%, or 31.77 points, to open at 6,646.80. The Kosdaq marginally gained to open at 1,226.76.On Monday, a US official said that US President Donald Trump is dissatisfied with Iran's proposal, as it doesn't mention Tehran's nuclear program.According to Iranian sources, the proposal will not comprise nuclear talks until the conflict ends and disputes related to Gulf shipping are resolved. At the same time, Washington insists nuclear issues must be addressed right away.

^KOSDAQKOSPI

Asia149d ago

Bank of Beijing's 2025 Profit Jumps 24%, Revenue Climbs 3%; Shares Drop 4%

Bank of Beijing's (SHA:601169) net profit attributable to shareholders in 2025 rose 24% to 20.1 million yuan from 26.3 million yuan a year earlier, according to a Shanghai bourse filing on Tuesday.Earnings per share jumped 6.5% year on year to 0.78 yuan from 1.09 yuan.Operating revenue climbed 3.4% to 68 million yuan from 70.4 million yuan in the previous year.The Chinese lender's shares dropped 4% during the morning trade.

SHA:601169

Asia149d ago

Zhaowei Machinery & Electronics' Q1 2026 Profit Falls 25%; Hong Kong Shares Fall 6.5%

Shenzhen Zhaowei Machinery & Electronics (HKG:2692; SHE:003021) booked 41 million yuan in attributable profit for the first quarter of 2026, down 25% from 54.7 million yuan in the year-ago period, according to a Hong Kong bourse filing Tuesday.Earnings per share fell to 0.17 yuan from 0.23 yuan in the prior year.Revenue fell 2.7% year on year to 357.5 million yuan, figures showed.The Chinese micro-drive systems maker's Hong Kong shares fell 6.5%, while Shenzhen shares declined more than 5% during Tuesday's morning trade.

HKG:2692SHE:003021

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