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AMS Advanced Materials to Debut on Malaysian Bourse's ACE Market

AMS Advanced Materials (KLSE:AMS) is set to debut on the ACE Market of Bursa Malaysia on April 23, under the stock code 0399, according to a Tuesday Malaysian bourse filing.The aluminum trader and manufacturer will list with an enlarged issued share capital of 612 million shares, valued at 58.81 million ringgit.AMS will operate within the industrial products and services sector, specifically under the metals sub-sector.The listing marks the company's entry into Malaysia's public markets as it seeks to expand its presence in the advanced materials segment, the filing said.

KLSE:AMS

Asia153d ago

ACME Solar Operationalizes 2 GWh Battery Energy Storage System Capacity in Rajasthan, India

ACME Solar Holdings (NSE:ACMESOLAR, BOM:544283) has operationalized over 2 GWh battery energy storage system (BESS) capacity in Rajasthan, India, according to a Wednesday filing to the Indian stock exchanges.With this, the company's total operational BESS capacity cumulatively stands at 591.18 MW / 2031.24 MWh across various subsidiaries in Rajasthan.The company plans to operationalize 10 GWh of BESS by 2027.The company's shares were up nearly 2%.

BOM:544283NSE:ACMESOLAR

Asia153d ago

YTL Cement Offers to Privatize Concrete Engineering

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, according to a Wednesday Malaysian bourse filing.The move follows YTL Cement's existing stake in the company, triggering a mandatory general offer for remaining shareholders.The offer document was dispatched on April 22, with the acceptance period running until May 13 at 5 pm, the filing said.

KLSE:CEPCOKLSE:YTLCMT

Asia153d ago

Zhongfu Industrial Q1 Profit Jumps 257%, Revenue Rises 32%

Henan Zhongfu Industrial (SHA:600595) posted first-quarter attributable net profit of 821.4 million yuan, up 257% from 230.3 million yuan the previous year.Earnings per share went up to 0.20 yuan from 0.06 yuan, according to a Wednesday filing with the Shanghai bourse.The aluminum products manufacturer's operating revenue rose 32% year over year to 6.64 billion yuan from 5.02 billion yuan.

SHA:600595

Asia153d ago

Enlight Media Proposes to Offload Up to 4% Stake in Arcvideo Tech; Enlight's Shares Fall 8%

Beijing Enlight Media (SHE:300251) proposed to dispose of up to 4% of its equity in video cloud services provider Hangzhou Arcvideo Technology (SHA:688039), according to a Shenzhen bourse filing on Wednesday.The media company currently owns 8% of Arcvideo.The authorization period for the proposed sale is within 12 months from shareholders' approval.Enlight's shares slumped less than 8%, while Arcvideo's shares fell less than 3% during the midday trade.

SHA:688039SHE:300251

Asia153d ago

CSL Shares Hit Nearly 9-Year Low as US Drops Flu Vaccine Mandate

CSL (ASX:CSL) shares dropped 6% to their lowest since August 2017 after US Secretary of War Pete Hegseth on Tuesday said the mandatory flu vaccine requirement for the joint force has been discarded, effective immediately, according to a video posted on his X account.

ASX:CSL

Asia153d ago

Market Chatter: Malaysia Rolls Out Measures to Help SMEs Amid Economic Pressures

Malaysian Prime Minister Anwar Ibrahim announced measures to ease cost pressures on SMEs, including a 5 billion ringgit financing guarantee and a 12-month extension for the e-invoicing transition, The Star reported Tuesday.The financing support will be channeled through Syarikat Jaminan Pembiayaan Perniagaan, with coverage raised to 80% and repayment tenures extended up to 10 years. The scheme is aimed at key sectors such as construction, agriculture, logistics, transport and tourism, alongside assistance for loan restructuring.Meanwhile, the e-invoicing rollout for smaller firms has been deferred by a year to end-2027 for businesses with annual turnover between 1 million ringgit and 5 million ringgit. Authorities are also considering temporary tax and import duty relief on Malaysian goods that are re-imported due to external disruptions, the news outlet said.The measures come as geopolitical tensions, particularly in the Middle East, continue to shore up energy, freight and insurance costs. Anwar said the government will continue to adjust policies to support firms and maintain resilience amid prolonged global headwinds, reportedly.(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.)

FTSE Bursa Malaysia KLCI

Asia153d ago

Emerald Resources' Exploration Success Underpins Multi-Asset Growth, Euroz Hartleys Says

Emerald Resources' (ASX:EMR) recent exploration success at the Dingo Range gold project in Western Australia and elsewhere underpins the company's multi-asset growth and production expansion pathway, Euroz Hartleys said in a Tuesday note.Drilling at Dingo Range has confirmed strong mineralization, supported by positive infill results within open-pit resources, and the Freeman's Find deposit continues to extend with strong intercepts, Euroz Hartleys said.Meanwhile, close-spaced reverse circulation infill drilling at the Memot gold project in Cambodia is expected to support reserve conversion while assessing potential ore loss and dilution, and the resource remains open for growth to come.Drilling at the Okvau gold mine continues to show underground upside, supporting mine life extensions and future production beyond the current base of roughly 100,000 to 120,000 ounces per year, which is critical given that the company is already generating significant cash, the equity research firm said.Euroz Hartleys maintained its buy recommendation on the stock with a price target of AU$8.10.Emerald Resources' shares were down 2% in recent Wednesday trade.

ASX:EMR

Asia153d ago

Ajanta Pharma Gets Five Observations from US FDA After Paithan, India Unit Inspection

Ajanta Pharma (NSE:AJANTPHARM, BOM:532331) has received five observations from the US FDA concluded an inspection at our manufacturing facility at Paithan in Maharashtra, India, according to a filing to the Indian stock exchanges.The regulator inspected the facility from April 13 to 21 and closed with the issuance of Form-483 with five observations.The company said it will respond to the U.S. FDA within the stipulated timeline.The company's shares were down nearly 1% in recent trade.

BOM:532331NSE:AJANTPHARM

Asia153d ago

Pateo Connect Teams Up With Horizon Robotics Technology on AI-Driven Vehicle Systems

Pateo Connect Technology (Shanghai) (HKG:2889) signed a cooperation agreement with Beijing Horizon Robotics Technology R&D, according to a Wednesday Hong Kong bourse filing.The partnership will focus on developing integrated solutions for intelligent cockpits and autonomous driving, as well as advancing applications in robotics and vehicle intelligence.The companies also plan to collaborate on global expansion by sharing customer resources and targeting overseas automotive markets.

HKG:2889

Asia153d ago

Brazilian Critical Minerals Raises Brazil Project Mineral Resource; Shares Up 6%

Brazilian Critical Minerals (ASX:BCM) said its updated mineral resource estimate for its Ema project in Brazil now stands at 1.07 billion tonnes at 732 parts per million (ppm) total rare earth oxide (TREO) at a cut-off of 500 ppm, according to a Wednesday Australian bourse filing.The company said the indicated neodymium-praseodymium grade increased 5% to 184 parts per million, while the indicated dysprosium-terbium grade increased 6%.The bankable feasibility study is now about 80% complete, with delivery targeted in the second quarter of the year, the filing added.The company's shares rose 6% in recent Wednesday trade.

ASX:BCM

Asia153d ago

Huaxi Nonferrous Metal Q1 Profit Up 19%; Shares Rise 5%

Guangxi Huaxi Nonferrous Metal (SHA:600301) posted first-quarter attributable net profit of 181.9 million yuan, up 19% from 153.4 million yuan the previous year.Earnings per share went up to 0.29 yuan from 0.24 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue declined 7% year over year to 1.16 billion yuan from 1.24 billion yuan.Shares of the non-ferrous metal company were up 5% in recent trade.

SHA:600301

Asia153d ago

Huaxi Nonferrous Metal 2025 Profit Up 22%; Shares Rise 5%

Guangxi Huaxi Nonferrous Metal (SHA:600301) posted 2025 attributable net profit of 800.8 million yuan, up 22% from 657.7 million yuan the previous year.Earnings per share went up to 1.266 yuan from 1.040 yuan, according to a filing with the Shanghai bourse.Operating revenue rose 25% year over year to 5.80 billion yuan from 4.63 billion yuan.Shares of the non-ferrous metal company were up 5% in recent trade.

SHA:600301

Asia153d ago

Henan Pinggao Electric's Attributable Profit Jumps 16% in Q1; Shares Rise 3%

Henan Pinggao Electric's (SHA:600312) attributable profit rose 16% to 414.8 million yuan in the first quarter from 358.4 million yuan in the year-ago period, according to a Wednesday filing with the Shanghai bourse.Earnings per share at the electric switchgear manufacturer increased to 0.3057 yuan from 0.2641 yuan in the prior-year period.Operating income declined 2.4% year over year to 2.45 billion yuan from 2.51 billion yuan.Shares increased 3% during the midday break on Wednesday.

SHA:600312

Asia153d ago

Li Ning's Retail Sell-Through Rises by 'Mid Single-Digit' in Q1 2026

Li Ning (HKG:2331) said its retail sell-through in the first quarter of 2026 increased by "mid single-digit" year-over-year, according to a Wednesday Hong Kong bourse filing.Sales through offline channels, including retail and wholesale, registered a mid-single-digit rise, with direct retail up in the low teens and wholesale increasing by a low-single-digit.E-commerce sales grew by a high single-digit over the period.As of March 31, Li Ning operated 6,075 points of sale (POS) in China, down 16 from the start of the year. Its youth-focused Li-NING YOUNG network fell to 1,464 POS, down 54 since the beginning of this year.

HKG:2331

Asia153d ago

Maoyan Entertainment Signs Nine-Year Lease With Enlight Media Unit

Maoyan Entertainment (HKG:1896) agreed to lease office space from Beijing Yulin, a subsidiary of Enlight Media, under a nine-year agreement, according to a Tuesday Hong Kong bourse filing.Shares of the firm were down nearly 2% in midday Wednesday trade.The lease, signed by its unit Beijing Maoyan Weying, will run from April 21, 2026, to April 20, 2035.The annual rent for the first three-year period is approximately 18.5 million yuan, with rent expected to increase by around 3% in subsequent periods.The premises, with a total gross floor area of about 9,739 square meters, will be used for office purposes.

HKG:1896

Asia153d ago

GEM's Attributable Profit Rises 55% in 2025

GEM's (SHE:002340) attributable profit rose 55% to 1.58 billion yuan in 2025 from 1.02 billion yuan in 2024, according to a Wednesday filing with the Shenzhen bourse.Earnings per share at the waste resource comprehensive utilization company increased to 0.31 yuan from 0.20 yuan in the previous year.Operating income grew 12% year over year to 37.1 billion yuan from 33.2 billion yuan.Shares increased 1% during the midday break on Wednesday.

SHE:002340

Asia153d ago

Dizal Pharma to Present Research Results for Three Drugs At American Society of Clinical Oncology's Annual Meeting

Dizal (Jiangsu) Pharmaceutical (SHA:688192) said it will present the latest research results of sunvozertinib tablets, golidocitinib capsules and DZD6008 at the annual meeting of the American Society of Clinical Oncology, according to a Wednesday filing on the Shanghai bourse.Sunvozertinib and DZD6008 are both developed as treatments for non-small cell lung cancer, while golidocitinib is for T-cell lymphoma. Studies has shown positive results, especially in DZD6008, which had significant antitumor activity and was safe to use.The biotechnology company's shares rose less than 2% during the midday trade.

SHA:688192

Asia153d ago

Critica Begins Western Australia Rare Earth Project Scoping Study in the March Quarter

Critica (ASX:CRI) said the scoping study for the Jupiter rare earth project in Western Australia formally began during the March quarter, according to a Wednesday Australian bourse filing.The study integrates beneficiation, downstream processing, infrastructure, and development assumptions to define a base-case development pathway.It plans to continue and complete the 140-drill hole resource upgrade drilling at Jupiter in the June quarter. It also plans to prepare and dispatch an additional 20,000 kilograms of bulk sample for pilot-scale treatment to support ongoing optimization, performance improvement, and intermediate concentrate generation.

ASX:CRI

Asia153d ago

North Pacific Bank Tender Offer Secures Control of Career Bank

North Pacific Bank (TYO:8524) said its tender offer for shares in Career Bank was successful, lifting its stake to 88.26% and enabling the target to become a subsidiary, according to a Wednesday filing on the Tokyo Stock Exchange.The bank acquired 852,487 shares in the offer, exceeding the minimum acceptance level required to complete the transaction.Settlement is set to begin on April 28, when Career Bank will formally be consolidated.North Pacific Bank plans to pursue procedures to make Career Bank a wholly owned unit and delist its shares from the Sapporo exchange. The acquisition cost totaled about 1.5 billion yen.

TYO:8524

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