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Hong Fok Buys Back More Shares

Hong Fok (SGX:H30) bought back 657,300 shares in the open market on Wednesday for around SG$671,821, according to a same-day after-market filing with the Singapore Exchange.To date, the property investment company has bought back over 14.3 million shares.

SGX:H30

Asia153d ago

Tata Investment's Consolidated Profit Jumps in Fiscal Q4

Tata Investment (NSE:TATAINVEST, BOM:501301) consolidated attributable profit increased sharply to 638.3 million Indian rupees in the fiscal fourth quarter ended March 31 from 377.2 billion rupees a year ago.Earnings per share jumped to 1.26 rupees from 0.75 rupees a year earlier, according to a Tuesday filing to the Indian stock exchanges by the non-banking financial company.Total revenue from operations in fiscal Q4 also increased to 399.8 million rupees from 164.3 million rupees a year ago.The company also declared a dividend of 3.40 rupees per share, subject to shareholder approval.The company's shares were up over 1% in recent trade.

BOM:501301NSE:TATAINVEST

Asia153d ago

Mori Trust REIT's Six-Month Net Income Slips

Mori Trust REIT's (TYO:8961) net income slipped 0.9% to 6.54 billion yen in the six months ended Feb. 28 from 6.60 billion yen in the previous half-year period.The REIT's net income per unit decreased to 1,836 yen from 1,853 yen in the prior six-month period, according to a Tokyo bourse filing on Wednesday.Net sales slid 0.7% to 11.6 billion yen from 11.7 billion yen in the prior-half-year period.The REIT declared a final distribution of 1,837 yen per unit, payable from May 25.For the six months ending Aug. 31, the REIT expects net income of 6.45 billion yen and operating revenues of 11.8 billion yen.For the six months ending Feb. 28, 2027, the REIT expects net income of 6.39 billion yen and operating revenues of 11.8 billion yen.Mori Trust REIT plans to pay an interim distribution of 1,814 yen per unit for the period ending August 2026, and 1,795 yen per unit for the period ending February 2027.

TYO:8961

Asia153d ago

Malaysian Shares End in Red on Profit-Taking Activities; Cape EMS's Shares Gain 3%

Malaysian shares ended in the red, reversing gains of the past three sessions, due to profit-taking activities.The investors could not find positive cues amid waning hopes of US-Iran truce, although US President Donald Trump extended a ceasefire with Iran at Pakistan's request.The FTSE Bursa Malaysia KLCI shed 4.94 points to end 0.3% lower at 1,710.39. The day range was between 1,705.11 and 1,720.46.In corporate news, Concrete Engineering Products (KLSE:CEPCO) received an unconditional mandatory take-over offer from YTL Cement (KLSE:YTLCMT), to sell its remaining shares not already owned by the latter. The offer is priced at 2.60 ringgit per share and will be fully in cash.Shares of Cape EMS (KLSE:CEB) rose over 3% on Wednesday's close after it established a manufacturing and engineering platform through a joint venture with New Grand Tech (HK). The platform, GrandCape, will focus on flexible flat cables, AI data center interconnects, and battery energy storage system solutions.Meanwhile, Agmo (KLSE:AGMO) completed its transfer of listing to the Main Market from the ACE Market of Bursa Malaysia. Shares ended flat today.

FTSE Bursa Malaysia KLCIKLSE:CEBKLSE:CEPCOKLSE:YTLCMT

Asia153d ago

Agmo Completes Transfer to Bursa Malaysia's Main Market

Agmo (KLSE:AGMO) completed its transfer of listing to the Main Market from the ACE Market of Bursa Malaysia.The listing and quotation of its entire issued share capital on the Main Market took effect at 9 am on Tuesday, according to a same-day Malaysian bourse filing.

KLSE:AGMO

Asia153d ago

The Karur Vysya Bank to Open New Branch in Thirupuvanam, India; Shares Up 3%

The Karur Vysya Bank (NSE:KARURVYSYA, BOM:590003) is opening a new branch in Thirupuvanam, India, on April 27, according to a Wednesday filing to the Indian stock exchanges.With this, the lender's branch network will increase to 902.The banks' shares were up over 3% in recent trade.

BOM:590003NSE:KARURVYSYA

Asia153d ago

Canon Marketing Japan's Net Income Surges 45% in Q1

Canon Marketing Japan's (TYO:8060) attributable net income surged 45% to 12.8 billion yen for the first quarter from 8.81 billion yen a year earlier.The IT solutions and products company's earnings per share increased to 60.07 yen from 40.43 yen a year ago, according to a Tokyo bourse filing on Wednesday.Net sales rose 2.6% to 171.7 billion yen for the three months ended March 31 from 167.3 billion yen in the prior-year period.For the full year ending Dec. 31, the company expects attributable net income of 42 billion yen, basic EPS of 199.14 yen and net sales of 685 billion yen.The company said that while the interim and final dividends for the year remain undecided, it estimates the full-year dividend at 90 yen per share.

TYO:8060

Asia153d ago

Singapore Shares Incur Losses as US-Iran Talks in Danger; Hong Leong Asia Up 7%

Singapore shares closed lower on Wednesday, tracking mixed fortunes across the region, with the US and Iran talks in Islamabad in jeopardy with the latter yet to officially confirm its participation.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,988.45 and 5,014.10 throughout the day. It ended the session at 5,002.72, down 12.24 points or 0.2% compared to Tuesday's close.US President, Donald Trump, extended the ceasefire with Tehran upon Pakistan's request to grant Tehran more time to forward its proposal.On the corporate front, shares of Hong Leong Asia (SGX:H22) surged over 7% at the close as it completed the acquisition of Yong Tai long for SG$90.7 million.Sheffield Green (SGX:SGR) closed over 5% lower as it rebranded its training subsidiary, Wind Asia Training and Stier Training Services to Trainergy.Meanwhile, shares of Sanli Environmental (SGX:1E3) was down over 2% at the close, with the company targeting to raise between SG$3 million and SG$5 million from the issuance of six-month series 2 commercial bonds on the ADDX Exchange.

^STISGX:1E3SGX:H22SGX:SGR

Asia153d ago

China Slashes Fuel Prices

China on Wednesday cut gasoline prices by 555 yuan per tonne and diesel by 530 yuan, following sharp swings in international crude oil prices.The National Development and Reform Commission said the 10-day average remained below the previous cycle despite a recent rebound.State oil giants China National Petroleum, China Petrochemical and China National Offshore Oil have been ordered to ensure stable supply.

Shanghai Composite^SZSE

Asia153d ago

Mitsui Fudosan Accommodations Fund to Repay 3 Billion Yen Loan Early

Mitsui Fudosan Accommodations Fund (TYO:3226) said it will make an early repayment of a 3 billion yen loan from MUFG Bank, according to a Wednesday filing on the Tokyo Stock Exchange.The loan, originally due in March 2027, will be repaid on April 30. Following the repayment, total interest-bearing debt will decrease to 170.7 billion yen from 173.7 billion yen.

TYO:3226

Asia153d ago

Aozora Bank Proposes New Stock Pay Plan for Directors

Aozora Bank (TYO:8304) said it plans to introduce a performance-linked restricted stock remuneration plan for directors, subject to shareholder approval at its annual meeting in June, according to a Wednesday filing on the Tokyo Stock Exchange.The move is aimed at aligning management incentives more closely with performance and shareholder interests over the medium to long term.Under the plan, share awards will be tied to financial metrics such as profitability, capital efficiency and strategic growth initiatives.The annual cap for the stock-based pay is set at 250 million yen, with up to 150,000 shares to be issued each year.

TYO:8304

Asia153d ago

Industrial & Infrastructure Fund Secures New Debt Financing

Industrial & Infrastructure Fund Investment (TYO:3249) said it will raise 3.4 billion yen through new debt financing to replenish cash used for recent property acquisitions, according to a Wednesday filing on the Tokyo Stock Exchange.The loan will be provided by Mizuho Trust & Banking with a term of about 0.9 years at a floating rate tied to one-month yen TIBOR plus 0.16%, with borrowing scheduled for April 27 and repayment due March 31, 2027.Following the financing, total interest-bearing debt will increase to 297.63 billion yen from 294.23 billion yen.

TYO:3249

Asia153d ago

Seikagaku Secures Japan Approval for Adhesion Barrier; Taps Covidien as Sales Partner

Seikagaku (TYO:4548) said it received marketing approval in Japan for its adhesion barrier SI-449 and selected Covidien Japan as its sales partner, according to a Wednesday filing on the Tokyo Stock Exchange.The product, to be marketed as cs barrier, is used to prevent postoperative adhesions. Launch timing will be decided after insurance reimbursement pricing is set.

TYO:4548

Asia153d ago

Infroneer Unit Completes Tender Offer for Sumiken Mitsui Road Shares

Infroneer Holdings (TYO:5076) said its subsidiary Sumitomo Mitsui Construction completed a tender offer for shares of Sumiken Mitsui Road (TYO:1776), acquiring 3.9 million shares and raising its ownership to 95%, according to a Wednesday filing on the Tokyo Stock Exchange.The tender offer, launched on March 10, was conducted at 2,000 yen per share and exceeded the minimum acceptance threshold, resulting in the purchase of all tendered shares.Following the transaction, Sumitomo Mitsui Construction plans to carry out squeeze-out procedures to make Sumiken Mitsui Road a wholly owned subsidiary, which could lead to the company's delisting from the Tokyo Stock Exchange.

TYO:1776TYO:5076

Asia153d ago

Industrial & Infrastructure Fund To Acquire Logistics Assets in Osaka and Hyogo

Industrial & Infrastructure Fund Investment (TYO:3249) said it will acquire two logistics-related real estate assets in Osaka and Hyogo for a total of 3.9 billion yen, according to a Wednesday filing on the Tokyo Stock Exchange.The assets, to be acquired from Proterial and its affiliate, include facilities in Sakai and Nishinomiya, with a combined average NOI yield of 4.4%. The acquisition is scheduled for April 30.

TYO:3249

Asia153d ago

Ispace to Borrow 1 Billion Yen, Repay 500 Million Yen Debt

Ispace (TYO:9348) said it will borrow 1 billion yen and repay 500 million yen in existing debt as part of refinancing efforts, according to a Wednesday filing on the Tokyo Stock Exchange.The new one-year loan from Asahi Shinkin Bank will be used for working capital, while the repayment relates to a loan taken in April 2025.

TYO:9348

Asia153d ago

Valqua Flags Fund Misuse by Former Employee

Seal products manufacturer Valqua (TYO:7995) said a former employee misappropriated about 224 million yen over more than a decade by falsifying accounting records, according to a Wednesday filing on the Tokyo Stock Exchange.The misconduct was uncovered during an internal review, with the company confirming no involvement from other staff or subsidiaries. Valqua said it has dismissed the individual and plans to pursue civil and criminal action.The company said the incident will not require restating past financial results and does not affect its current earnings outlook.

TYO:7995

Asia153d ago

Mie Kotsu Group Records Extraordinary Loss of 808 Million Yen

Mie Kotsu Group (TYO:3232) recorded an extraordinary loss of 808 million yen in its non-consolidated financial results for the fiscal year ended March 31, 2026, according to a Wednesday filing on the Tokyo Stock Exchange.The loss reflects a provision related to the dissolution of subsidiary Sanco Creative Life and the deterioration of its financial position.

TYO:3232

Asia153d ago

Icodex Publishing Solutions Gets Board Nod to Secure Credit Facilities Worth INR108 Million

Icodex Publishing Solutions (BOM:544483) has received its board's approval to avail credit facilities worth 108 million Indian rupees from ICICI Bank (NSE:ICICIBANK, BOM:532174), according to a BSE filing on Wednesday.The loan will be used for the company's working capital, general corporate purposes, and capital expenditure.

BOM:532174BOM:544483NSE:ICICIBANK

Asia153d ago

V-Cube to Proceed With J-INC Deal After No Rival Bids Emerge

V-cube (TYO:3681) said it received no binding alternative proposals during a market check period and will proceed with discussions on a buyout deal with Japan Innovation Investment, according to a Wednesday filing on the Tokyo Stock Exchange.The company said two parties expressed interest, but only one conducted due diligence and did not submit a formal offer. V-cube plans to finalize an agreement with Japan Innovation Investment between late April and early May.The transaction involves making the company a wholly owned subsidiary through a third-party allotment and share consolidation.The company's shares are expected to be delisted in late June following shareholder approval and completion of the deal.

TYO:3681

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