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NZX Appoints Acting CEO

NZX (NZE:NZX) appointed Graham Law, chief financial and corporate officer, as acting chief executive, effective May 1, according to a Wednesday filing with the New Zealand bourse.Law will succeed Mark Peterson, who will step down on April 30, while the board continues the process of appointing a permanent successor, the filing added.

NZE:NZX

Asia154d ago

Shandong Molong's Profit Jumps 3% in Q1

Shandong Molong Petroleum Machinery (HKG:0568, SHE:002490) recorded a 3% rise in attributable profit for the three months ended March 31 to 5.6 million yuan from 5.4 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.Earnings per share rose to 0.007 yuan from 0.0068 yuan in the corresponding period of the previous fiscal year.Operating revenue soared 129% in the quarter to 665.9 million yuan from 291.4 million yuan in the year-ago period.

HKG:0568SHE:002490

Asia154d ago

China National Accord Medicines' Q1 Profit Slips 12%

China National Accord Medicines' (SHE:000028, SHE:200028) attributable profit fell 12% in the three months ended March 31 to 287.5 million yuan from 328 million yuan a year prior, according to a Tuesday Hong Kong bourse filing by parent Sinopharm (HKG:1099).The drug company's basic EPS slid to 0.52 yuan from 0.59 yuan in the year-ago period.Revenue inched down 2.6% year over year to 17.8 billion yuan from 18.3 billion yuan previously.

HKG:1099SHE:000028SHE:200028

Asia154d ago

Muyuan Foods Swings to Q1 Loss

Muyuan Foods (HKG:2714, SHE:002714) recorded an attributable loss of 1.21 billion yuan in the first quarter of 2026, compared with an attributable profit of 4.49 billion yuan a year prior, according to a Tuesday Hong Kong bourse filing.The Chinese pig breeder's loss per share was 0.22 yuan in the period, compared with earnings per share of 0.82 yuan in the year-ago period.Operating revenue slipped 17% year over year to 29.9 billion yuan from 36.1 billion yuan previously.

SHE:002714

Asia154d ago

Fuyao Glass Industry's Q1 Profit Slips 16%

Fuyao Glass Industry (SHA:600660, HKG:3606) recorded a 16% decline in attributable profit in the first quarter of 2026 to 1.71 billion yuan from 2.03 billion yuan a year prior, according to a Tuesday Hong Kong bourse filing.The Chinese glass manufacturer's earnings per share fell to 0.66 yuan from 0.78 yuan in the year-ago period.Operating revenue jumped 5.1% year over year to 10.4 billion yuan from 9.91 billion yuan previously.

HKG:3606SHA:600660

Asia154d ago

Chalieco's Newly Signed Contract Value Climbs 35% in Q1

China Aluminum International Engineering (HKG:2068, SHA:601068) or Chalieco signed new contracts worth 11.5 billion yuan in the first quarter of 2026, up 35% from 85.7 billion yuan a year prior, according to a Tuesday Hong Kong bourse filing.The total backlog of contracts increased 19% to 51.3 billion yuan as of March 31.

HKG:2068SHA:601068

Asia154d ago

Luk Fook's Retail Sales Value Climbs 19% in Fiscal Q4

Luk Fook (International)'s (HKG:0590) retail sales value (RSV) rose 19% in the fourth fiscal quarter ending March 31, according to a Tuesday Hong Kong bourse filing.Of the total, RSV for Mainland China jumped 8%, while that for Hong Kong, Macau, and overseas increased 42%.The jewelry retailer's retailing revenue for the three months saw a 36% boost, while same-store sales increased 33%.

HKG:0590

Asia154d ago

Crisil Affirms A+ Rating on Cheviot's Bank Loan Facilities; Outlook Stable

Crisil kept its A+ long-term rating and A1+ short-term rating on the bank loan facilities of the jute goods maker Cheviot (NSE:CHEVIOT, BOM:526817).The rating outlook is stable, according to a Tuesday filing.

BOM:526817NSE:CHEVIOT

Asia154d ago

Shanghai Longcheer Technology Warns of Lower Three-Month Profit

Shanghai Longcheer Technology (HKG:9611, SHA:603341) expects an attributable profit of around 15.4 million yuan for the three months ended March 31, down from 154.1 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.The smart device and service provider attributed the forecast to a lower revenue amid a weakened demand in the consumer electronics end market, higher costs and expenses due to investment in new business areas, and higher finance costs.

HKG:9611SHA:603341

Asia154d ago

Transrail Lighting Completes Expansion at Butibori Plant

Power transmission and distribution company Transrail Lighting (NSE:TRANSRAILL, BOM:544317) said it has completed a greenfield expansion at its tower manufacturing plant in Butibori and commenced commercial production, according to a Tuesday filing on Indian bourses.The company has also partially completed brownfield expansions at facilities in Deoli, Baroda and Silvassa, the filing said.With this, the total tower manufacturing capacity has increased to 172,400 MTPA from 84,000 MTPA, it added.

BOM:544317NSE:TRANSRAILL

Asia154d ago

TransThera Sciences Raises HK$282.2 Million from Share Placement

TransThera Sciences (Nanjing) (HKG:2617) completed the placing of nearly 5.1 million shares to at least six investors at a net issue price of HK$55.49 apiece to raise net proceeds HK$282.2 million, according to a Tuesday Hong Kong bourse filing.The shares represent 1.65% of the clinical-stage biopharmaceutical firm's issued Hong Kong-listed shares and 1.26% of its total issued share capital as enlarged by the placing.The firm will use proceeds for research and development, the manufacturing and commercialization of core product Tinengotinib in China, and working capital and general corporate purposes.

HKG:2617

Asia154d ago

APL Apollo Tubes Raises INR2 Billion Via Commercial Papers

APL Apollo Tubes (NSE:APLAPOLLO, BOM:533758) has raised 2 billion Indian rupees through the issue of commercial papers, according to a Tuesday filing on the Indian stock exchanges.The commercial papers were issued in favor of UTI-liquid fund, the filing said. The commercial papers carry a rate of 6.12% and are scheduled to mature on June 15, it added.

BOM:533758NSE:APLAPOLLO

Asia154d ago

CRISIL Affirms A Rating on Poddar Pigments Bank Loans; Outlook Stable

Crisil maintained an A long-term and A1 short-term rating on Poddar Pigments' (NSE:PODDARMENT, BOM:524570) bank loan facilities, according to a Tuesday filing on the Indian bourses.The rating outlook is stable, the filing said.

BOM:524570NSE:PODDARMENT

Asia154d ago

Vardhman Polytex Board Approves Sale of Ludhiana Land Parcel

Vardhman Polytex (NSE:VARDMNPOLY, BOM:514175) said its board has approved the sale or disposal of a land parcel at its Ludhiana unit in Punjab, India, according to a Tuesday filing on Indian bourses.The land, measuring about 26 acres, may be sold in one or more tranches, the filing said.The board has authorized the chairman and managing director, Adish Oswal, to finalize and execute the transaction, it added.

BOM:514175NSE:VARDMNPOLY

Asia154d ago

Sapporo to Dispose of Stone Brand Assets, Restructure US Production

Sapporo (TYO:2501) has agreed to transfer the Stone brand's intellectual property rights and related hospitality assets held by its U.S. subsidiary, Stone Brewing, to Firestone Walker and another Duvel Moortgat NV subsidiary.The company will also restructure its U.S. production by positioning the Richmond plant as its core Sapporo brand base and ceasing manufacturing at the Escondido plant by year-end, according to a Tokyo bourse filing on Tuesday.These measures aim to concentrate resources on the rapidly growing Sapporo brand amid a declining U.S. beer market and challenging operating conditions.As a result, Sapporo expects to recognize a gain on transfer of 3.6 billion yen while posting impairment losses and related expenses of 12.6 billion yen for the six months ending June 30.The company anticipates a negligible impact on its full-year consolidated earnings forecast, as certain structural reform costs had already been factored in.

TYO:2501

Asia154d ago

Sunwels Secures Repayment Deferral for 574 Million Yen Loan from Nine Banks

Sunwels (TYO:9229) has agreed to amend its loan repayment terms after obtaining consent from all nine of its financial institution partners to defer principal repayments totalling 574 million yen from April 30 to Sept. 30, according to a Tokyo bourse filing on Tuesday.The company has positioned the fiscal year ending March 2027 as a period for structural reforms, and the repayment deferral is intended to secure sufficient cash reserves while it works to transform its revenue model and cost structure.In conjunction with the loan amendment, Sunwels has revised the use of funds raised through treasury share disposal and a secondary offering, shifting 1.16 billion yen originally allocated for borrowing repayment and PD House furnishings to working capital.The company expects the impact of these changes on its financial results for the fiscal year ending March 2027 to be minimal, with further details to be disclosed in future earnings forecasts.

TYO:9229

Asia154d ago

Tianjin Construction Development's Controlling Shareholder to Reduce Holding by 28%

Tianjin Construction Development's (HKG:2515) controlling shareholder Wang Wenbin plan to sell up to nearly 72 million shares in the firm through his holding company, Shengyuan Group Holdings (Tianjin), according to a Tuesday Hong Kong bourse filing.The shares, to be disposed of through block trading, representing roughly 27.8% of the construction services firm's issued share capital.Following the proposed disposal, if fully undertaken, Wang will beneficially own 85.5 million, or 33.02%, shares in the company and remain as one of its controlling shareholders.

HKG:2515

Asia154d ago

Elecom Raises Year-End Dividend Forecast

Elecom (TYO:6750) has raised its year-end dividend forecast for the fiscal year ended March 31 to 31 yen per share from 26 yen previously, according to a Tokyo bourse filing Tuesday.The revision includes a commemorative dividend of 5 yen in conjunction with the electronics company's 40th anniversary of its founding in May.The year-end dividend increase raises the total annual dividend to 57 yen per share from 48 yen per share in the previous fiscal year.

TYO:6750

Asia154d ago

Triton Corp Rebrands to Homre

IT services company Triton Corp. (BOM:523387) said its name has been changed to Homre following shareholder and regulatory approvals, according to a Tuesday filing on Indian bourses.The new name will be effective on the BSE platform from April 24, the company said in the filing.

BOM:523387

Asia154d ago

Road King Infrastructure Unit Disposes Of 65% Stake in Property Development Firm

Road King Infrastructure (HKG:1098) unit Shanghai Junxiang Properties Developments and Shanghai Lianxin Enterprise Development agreed to sell an 80% stake in Shanghai Junxin Property to Shanghai Waigang Industrial Development for 116.4 million yuan.Shanghai Junxiang Properties Developments will see proceeds of 94.4 million yuan from the sale of its 65% interest in the target, according to a Tuesday Hong Kong bourse filing.Following the sale, the property firm will no longer hold any interest in the target.Shanghai Junxin Property was formed for the joint development of a 70-mu land parcel in Shanghai into residential units and car parking spaces that have been sold.

HKG:1098

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