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Enlight Media 2025 Profit Jumps 473%; Shares Fall 7%

Beijing Enlight Media (SHE:300251) posted 2025 attributable net profit of 1.67 billion yuan, up 473% from 292.0 million yuan the previous year.Earnings per share went up to 0.57 yuan from 0.10 yuan, according to a Wednesday filing with the Shenzhen bourse.Operating revenue jumped 155% year over year to 4.04 billion yuan from 1.59 billion yuan.Shares of the media company were down 7% in recent trade.

SHE:300251

Asia153d ago

CR Double-Crane Pharma Gets Nod to Name Unit as Marketer of Endometriosis Drug

China Resources Double-Crane Pharmaceutical (SHA:600062) received approval from the National Medical Products Administration to change the marketing authorization holder of dienogest tablets, according to a Shanghai bourse filing on Wednesday.Under the approved supplementary application, the pharmaceutical company's subsidiary, CR Zizhu Pharmaceutical, becomes the marketing authorization holder, as well as the manufacturer of the endometriosis drug.

SHA:600062

Asia153d ago

Dezign Format, Hustle & Bustle Sign MoU on Potential Equity Deal

Dezign Format (SGX:UZF) signed a memorandum of understanding with edutainment firm Hustle & Bustle Group for a potential equity investment and preferred partner status, according to a Wednesday filing with the Singapore Exchange.Under the MoU, the parties will negotiate the conversion of certain outstanding payments owed to Dezign Format into equity, with the company also considering a supplementary cash investment.Hustle & Bustle owns the IMBA brand, including the IMBA Theatre at Gardens by the Bay, where Dezign Format was the design-and-build contractor.Dezign Format said the move aligns with its plan to transition its relationship with Hustle & Bustle from vendor to equity stakeholder.

SGX:UZF

Asia153d ago

Sports Gear's Net Income Slumps 55% in Q1

Sports Gear (TPE:6768) posted net income of NT$240.6 million for the first quarter, or NT$1.2 per share, plunging 55% annually, according to a Tuesday Taiwan Exchange filing.Shares slid about 2% in Wednesday's late morning trade.Consolidated sales came in at NT$5.36 billion during the quarter, down 11% from a year prior.

TPE:6768

Asia153d ago

Beng Kuang Marine Forms JV With Epsilon Navigation For Vessel Ownership

Beng Kuang Marine (SGX:BEZ) and Epsilon Navigation agreed to form a joint venture to own and operate a new ballast barge currently under construction by Beng Kuang.The two entities will form Offshore Collective Pte., a special purpose vehicle, on an equal basis, according to a Tuesday filing with the Singapore Exchange.Shares of the offshore marine services company were down over 1% in Wednesday trading.Meanwhile, around SG$2.8 million from the shipbuilding order book of approximately SG$15.8 million of the company's subsidiary, Nexus Engineering Indonesia, will be accounted as a related party transaction upon entry into the shareholders' agreement.

SGX:BEZ

Asia153d ago

Toro Energy Secures ASX Waiver to Cancel 4.4 Million Options; Shares Fall 4%

Toro Energy (ASX:TOE) said the Australian Securities Exchange has granted it a waiver allowing the company to cancel 4.4 million unlisted options expiring on Jan. 11, 2027, in exchange for cash, without requiring shareholder approval, according to a Wednesday Australian bourse filing.The waiver relates to a scheme of arrangement under which Iso Australia Operations, a subsidiary of IsoEnergy, would acquire all the company's ordinary shares not held by the IsoEnergy Group, the filing said.The ASX waiver is conditional on the scheme booklet fully disclosing the cancellation terms and the scheme subsequently becoming effective, the filing added.The company's shares fell 4% in recent Wednesday trade.

ASX:TOE

Asia153d ago

Pou Chen Unit Warns of Up to 55% Plunge in Q1 Profit

Pou Chen's (TPE:9904) major unit Yue Yuen Industrial expects profit attributable to shareholders to plunge about 50% to 55% annually in the first quarter from $75.8 million, according to a Tuesday Taiwan Exchange filing.Shares slid about 1% in Wednesday's late morning trade.The decline was mainly driven by a 5.5% fall in manufacturing revenue amid weaker demand and cautious ordering by brand customers, alongside tariff-related pressures.Rising labor costs and increased headcount, as well as production inefficiencies caused by holiday-related disruptions across China, Vietnam and Indonesia, also weighed on margins.The company said seasonal misalignments and operational bottlenecks led to higher unit costs, hurting short-term profitability in its manufacturing business.Yue Yuen added that results are preliminary and subject to change, with full unaudited earnings due for release on May 13.

TPE:9904

Asia153d ago

China Minsheng Banking Issues 30 Billion Yuan Tier 2 Capital Bonds

China Minsheng Banking (SHA:600016, HKG:1988) issued Tier 2 capital bonds amounting to 30 billion yuan, according to a Shanghai bourse filing on Wednesday.The 10-year fixed-rate bonds have a coupon rate of 2.13%, with a conditional issuer call option at the end of the fifth year.Proceeds from the issuance will be used to supplement the lender's Tier 2 capital.The bank's Hong Kong shares slipped 1% during the morning trade.

HKG:1988SHA:600016

Asia153d ago

Kaishan 2025 Profit Up 14%, Revenue Rises 12%

Kaishan Group (SHE:300257) posted 2025 attributable net profit of 364.2 million yuan, up 14% from 320.4 million yuan the previous year.Earnings per share rose to 0.37 yuan from 0.32 yuan, according to a Wednesday filing with the Shenzhen bourse.The compressor maker's operating revenue rose 12% year over year to 4.72 billion yuan from 4.23 billion yuan.Shares of the company were down 1% in recent trade.

SHE:300257

Asia153d ago

Shanjin International Gold's Attributable Profit Jumps 101% in Q1

Shanjin International Gold's (SHE:000975) attributable profit rose 101% to 1.39 billion yuan in the first quarter from 693.8 million yuan in the year-ago period, according to a Wednesday filing with the Shenzhen bourse.Earnings per share at the mining company increased 101% to 0.5023 yuan from 0.2499 yuan in the prior-year period.Operating income grew 37% year over year to 5.94 billion yuan from 4.32 billion yuan.Shares increased 1% during the midday break on Wednesday.

SHE:000975

Asia153d ago

Nyrada Confirms Activation of First Site in Phase 2a Study of Drug Candidate for Heart Muscle Cell Damage

Nyrada (ASX:NYR) confirmed that the Nepean Hospital in New South Wales was activated as the first site in its Protect-MI phase 2a clinical trial assessing Xolatryp in potentially reducing myocardial injury, or damage to the heart muscle cells, in patients suffering a heart attack, according to a Wednesday Australian bourse filing.The trial's primary endpoint is the safety/tolerability of the drug candidate, the filing said. Several secondary efficacy endpoints are also being evaluated, including cardiac function, extent of cardiac injury, biomarkers such as Troponin I levels, and the incidence of arrhythmias of interest.

ASX:NYR

Asia153d ago

Coliwoo's Shares Included Under Central Provident Fund Board's Account

Coliwoo (SGX:W8W) said its shares have been included under the Central Provident Fund Board's CPFIS Ordinary Account, effective April 21, according to a Tuesday filing with the Singapore Exchange.Shares of the worker and student accommodation provider were up over 1% in Wednesday trading.Shares acquired using CPF monies can only be disposed of through trading on the SGX, with proceeds from such disposals to be credited into an investor's CPF ordinary account, the filing added.

SGX:W8W

Asia153d ago

XXF Group Completes HK$151 Million Share Placement

XXF Group (HKG:2473) completed a share placement to raise about HK$151 million in net proceeds, according to a Hong Kong bourse filing Tuesday.Shares of the automobile finance lease firm gained over 3% in late morning trade Wednesday.An existing shareholder, Glorypearl Capital Resources, placed 154.7 million shares at HK$0.98 each to at least six investors and XXF issued the same number of new shares to the seller under a top-up subscription at the same price.The placing represented about 10% of the company's existing issued share capital, and 9.09% as enlarged by the sale.Net proceeds will be used for vehicle procurement to support its automobile retail and leasing businesses, as well as general working capital.

HKG:2473

Asia153d ago

Nanjing Securities Issues 1.5 Billion Yuan Short-Term Bonds

Nanjing Securities (SHA:601990) issued short-term bonds amounting to 1.50 billion yuan, according to a Shanghai bourse filing on Wednesday.The bond has a coupon rate of 1.55% and a term of 365 days, maturing on April 21, 2027.

SHA:601990

Asia153d ago

Namkwang Engineering & Construction Secures KRW68.3 Billion Public Housing Project; Shares Decline 4%

Namkwang Engineering & Construction (KRX:001260) won an integrated private-participation public housing construction project from the Korea Land and Housing Corp.The contract, valued at 68.3 billion won, is valid till Apr. 30, 2029, according to a filing with the Korea Exchange on Wednesday.Shares of Namkwang Engineering & Construction fell nearly 4% in recent trade.

KRX:001260

Asia153d ago

Wisdom Education Flags Lower Profit For Fiscal H1; Shares Up 3%

Wisdom Education International (HKG:6068) expects 30.5 million yuan in consolidated net profit for the fiscal first half ended Feb. 28, compared with 51.6 million yuan in the same period of 2025, according to a Hong Kong bourse filing Tuesday.Shares of the school-related supply chain business gained nearly 3% in late morning trade Wednesday.The firm attributed the decrease to a rise in administrative expenses and a drop in financial guarantee contracts during the period.

HKG:6068

Asia153d ago

Thai Beverage Withdraws Crediting Rating Service with Fitch Ratings

Thai Beverage (SGX:Y92) decided to withdraw its credit rating service with Fitch Ratings, according to a Tuesday filing with the Singapore Exchange.Shares of the beverage company were up over 1% in Wednesday trading.The ratings provider has withdrawn its long-term foreign-currency issuer default rating, national long-term rating and ratings on the company's senior unsecured Thai Baht debentures.Meanwhile, the company is slated to maintain its existing rating agreements with Moody's Investor Service and TRIS Rating.The company is currently rated Baa3 with a stable outlook by Moody's and AA with a stable outlook by TRIS.

SGX:Y92

Asia153d ago

BHP Group Completes Iron Ore Sales Contract Talks With China Mineral Resources Group

BHP Group (ASX:BHP) has concluded iron ore sales contract discussions with the China Mineral Resources Group, according to a Wednesday filing with the Australian bourse.The company maintained its fiscal year 2026 production guidance for the Western Australia Iron Ore system at between 251 million tonnes and 262 million tonnes.Shares of BHP were 2% higher in recent Wednesday trade.

ASX:BHP

Asia153d ago

Frasers Property Redeems SG$280 Million Worth of Bonds on Maturity

Frasers Property (SGX:TQ5) redeemed its SG$280 million worth of 4.25% bonds upon maturity on April 21, according to a Tuesday filing with the Singapore Exchange.Shares of the property developer were up nearly 1% in Wednesday trading.The bonds have been cancelled and delisted from the Singapore Exchange, the filing added.

SGX:TQ5

Asia153d ago

CTBC Financial (TPE:2891) Renews Lease for Office Premises

CTBC Financial (TPE:2891) unit CTBC Securities has acquired right-of-use assets from KGI Life Insurance through a lease renewal for office premises in Taichung, Taiwan, according to a Tuesday Taiwan Exchange filing.Shares gained over 1% in Wednesday's late morning trade.The property has a lease area of 195.69 ping, and a lease term of nine years, running from June 2026 to May 2035.It carries a total rental value of NT$10.45 million, while the right-of-use asset is valued at NT$9.14 million, it said.

TPE:2891

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