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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

Asia154d ago

Crisil Upgrades Rating on Aurionpro Solutions' Bank Loan Facilities to A; Outlook Stable

Crisil raised its long-term rating on Aurionpro Solutions' (NSE:AURIONPRO, BOM:532668) bank loan facilities to A from A- and the short-term rating to A1 from A2+.The rating outlook is stable, according to a Tuesday filing on Indian bourses.

BOM:532668NSE:AURIONPRO

Asia154d ago

Nojima to Acquire 80.1% of Hitachi's Home Appliance Unit for 110 Billion Yen

Nojima (TYO:7419) has agreed to acquire an 80.1% stake in a newly established company that will absorb Hitachi's (TYO:6501) home appliance business, for a total consideration of 110.1 billion yen, according to a Tokyo bourse filing on Tuesday.The acquisition of Hitachi Global Life Solutions (Hitachi GLS) will be executed through a special purpose company (SPC), a wholly owned subsidiary of Nojima.Under the agreement, Hitachi GLS will transfer its home appliance operations to the new company via an absorption-type company split, and Nojima's SPC will then purchase the majority stake.Concurrently, Hitachi GLS will acquire the remaining 60% of Arcelik Hitachi Home Appliances (AHHA) from Arcelik, giving the new company full ownership of AHHA and consolidating Hitachi's home appliance operations globally.Nojima aims to combine its customer engagement strengths with Hitachi's manufacturing expertise to deliver high-value-added products and build a globally integrated business model.The share purchase is expected to be completed during the fiscal year ending March 2027.

TYO:6501TYO:7419

Asia154d ago

Bama Tea Plans 250 Million Yuan Share Buyback

Bama Tea (HKG:6980) intends to buy back up to 250 million yuan of Hong Kong-listed shares from the market from time to time, according to a Tuesday Hong Kong bourse filing.The premium tea producer will cancel and/or hold the repurchased shares in treasury as appropriate.

HKG:6980

Asia154d ago

Mahindra EPC Irrigation's Consolidated Profit Declines in Fiscal Q4

Mahindra EPC Irrigation (NSE:MAHEPC, BOM:523754) recorded a decline in its consolidated profit after tax to 47.9 million Indian rupees in the fiscal fourth quarter ended March 31, against 62.5 million rupees a year ago.Earnings per share slipped to 1.71 rupees compared with the year-ago figure of 2.24 rupees, according to a Tuesday filing to the Indian stock exchanges by the end-to-end irrigation and water management solutions provider.Revenue from operations in fiscal Q4 increased to 1.07 billion rupees from 958.9 million rupees a year earlier.Shares of the company were up nearly 2% in after-market hours.

BOM:523754NSE:MAHEPC

Asia154d ago

Johnson Electric Warns of Up to 25% Drop in Full-Year Profit

Electro-mechanical component firm Johnson Electric (HKG:0179) expects a 21% to 25% decline in attributable profit for the year ended March 31 to between $207 million and $197 million from a net profit of $263 million a year prior, according to a Tuesday filing with the Hong Kong bourse.The company attributed the forecast to higher selling and administrative staff costs, foreign currency impacts on operating expenses, provisions for claims and compensation, the recognition of a non-cash impairment of intangible assets, and an adverse change in the fair value of certain investments.

HKG:0179

Asia154d ago

Persistent Systems' Consolidated Net Profit Climbs in Fiscal Q4

Persistent Systems (NSE:PERSISTENT, BOM:533179) said its consolidated net profit rose to 5.29 billion Indian rupees in the fiscal fourth quarter from 3.96 billion rupees a year ago, according to a Tuesday filing with the Indian bourses.Earnings per share in the quarter ended March 31 climbed to 33.55 rupees from 25.39 rupees a year earlier.Revenue from operations of the digital engineering company rose year on year to 40.6 billion rupees from 32.4 billion rupees, the filing said.The company's board declared a final dividend of 18 rupees per share for the fiscal year ended March 31.

BOM:533179NSE:PERSISTENT

Asia154d ago

Furyu's March Net Sales Surges 38%

Furyu's(TYO:6238) March net sales surged 38% on year to 4.55 billion yen, according to a Tokyo bourse filing on Tuesday.Sales in the entertainment company's "Girls Trend" business jumped 23% on year, while its "Sekaikan" character ID development business soared 44%.Total plays gained 2.1% on year, and the number of paid PICTLINK mobile app members at month-end was down by 7.3% compared with the previous year.

TYO:6238

Asia154d ago

Bukwang Pharmaceutical Returns to Profit in Q1

Bukwang Pharmaceutical (KRX:003000) posted first-quarter net income attributable to shareholders of 1.2 billion won, reversing the attributable net loss of 69 million won a year earlier, according to a Tuesday filing with the Korea Exchange.Sales of the South Korean pharmaceutical company were down 0.1% year over year to 47.8 billion won.Shares of Bukwang Pharmaceutical fell nearly 7% at market close.

KRX:003000

Asia154d ago

Sihuan Pharmaceutical's Trustee Buys Back Shares Under Award Scheme

Sihuan Pharmaceutical's (HKG:0460) trustee bought back 3 million shares of the firm from the market for around HK$1.3567 apiece under a 2022 share award scheme, according to a Tuesday filing with the Hong Kong bourse.The shares represent 0.0328% of the pharma firm's issued share capital.

HKG:0460

Asia154d ago

Powerchip Semiconductor Logs NT$14.2 Billion Profit in Q1

Powerchip Semiconductor Manufacturing (TPE:6770) booked net income of NT$14.2 billion for the first quarter, or NT$3.36 per share.Revenue for the three months stood at NT$13.6 billion, according to a Tuesday Taiwan Exchange filing.Meanwhile, operating income for the three months came in at about NT$14.23 billion.The company noted that the figures are preliminary.

TPE:6770

Asia154d ago

Mitsui DM Sugar to Book 4.12 Billion Yen in Extraordinary Loss on Doubtful Accounts for Subsidiary Loan

Mitsui DM Sugar (TYO:2109) expects to record an extraordinary loss of 4.12 billion yen as a result of provisions for doubtful accounts for subsidiaries and associates in its non-consolidated financial statements for the fiscal year ending March.The provision relates to loans extended to the company's consolidated subsidiary, SIS'88, according to a Tokyo bourse filing on Tuesday.Although this allowance will be recognized in the non-consolidated results, it will be eliminated in the consolidated financial statements.

TYO:2109

Asia154d ago

GS Engineering & Construction Wins KRW375.09 Billion Housing Redevelopment Project

GS Engineering & Construction (KRX:006360) secured the Boncheon 4-1-3 District housing redevelopment project, the construction company said in a Tuesday filing with the Korea Exchange.The contract is valued at 375.09 billion won.Shares of GS Engineering & Construction jumped more than 13% at market close.

KRX:006360

Asia154d ago

Hing Yip Unit to Buy to Lease Back Assets

Hing Yip (HKG:0132) unit Canton Greengold Financial Leasing will buy to lease back certain assets from Foshan City Yueqiao Construction Investment for 70 million yuan, according to a Tuesday filing with the Hong Kong bourse.The assets will be leased back to the lessee for 60 months for a total lease payment of around 82.6 million yuan.The assets comprise multi-level parking garage, glass curtain walls, interior doors and windows, and air conditioning system equipment and facilities of the lessee's commercial building in Guangdong Province, China.

HKG:0132

Asia154d ago

Treasure Factory's Fiscal-Year Profit Climbs 17%

Treasure Factory (TYO:3093) profit attributable to owners of the parent climbed 17% to 3.17 billion yen for the fiscal year ended Feb. 28 from 2.71 billion yen a year earlier.The reuse shop company's profit per share increased to 135.29 yen from 115.63 yen a year ago, according to a Tokyo bourse filing on Tuesday.Net sales jumped 15% to 48.6 billion yen from 42.2 billion yen in the prior year.It declared a final dividend of 21 yen per share, payable from May 28.For the fiscal year ending Feb. 28, 2027, the company expects attributable profit of nearly 3.4 billion yen, profit per share of 144.83 yen, and net sales of 54.3 billion yen.Treasure Factory plans to pay interim and year-end dividends of 22 yen per share, each, for the year, which is higher than the amount paid in the year-ago period.

TYO:3093

Asia154d ago

Market Chatter: MSCI Reviews New Indonesian Transparency Rules for Capital Markets

MSCI is reviewing new capital market transparency reforms introduced by Indonesian authorities, while keeping existing restrictions on local equities in place, the Jakarta Globe reported Tuesday.The measures, rolled out by regulators and the stock exchange, include broader shareholder disclosure, tighter monitoring of ownership concentration, and plans to raise minimum free float requirements.MSCI said it is assessing the effectiveness of these steps, particularly their impact on ownership transparency and market accessibility. For now, MSCI will maintain curbs in its May 2026 index review, including limits on index weight increases and new stock inclusions.It may also remove certain securities flagged for high ownership concentration and selectively use new data to refine free float estimates. MSCI will provide further updates in June.(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.)

^JKSE

Asia154d ago

China Unicom Logs 242 Million 5G Users in Q1

China Unicom (Hong Kong) (HKG:0762) recorded 242 million 5G network subscribers in the first quarter of 2026, according to a Tuesday filing with the Hong Kong bourse.The telco's overall subscriber count, encompassing mobile and broadband users, reached 1.29 billion in the three months.

HKG:0762

Asia154d ago

Taiwan, Philippines Seek to Deepen Economic Ties

Taiwan is seeking closer economic ties with the Philippines during talks with a visiting delegation from the Council on Foreign Relations, Foreign Minister Lin Chia-lung said in a Facebook post on Sunday.He said Taipei aims to link its Taiwan-Philippines Economic Corridor with the U.S.-Japan-Philippines Luzon Economic Corridor to boost supply chain resilience. Lin highlighted complementary strengths, with the U.S. offering advanced technology, Taiwan manufacturing capacity, and the Philippines labor and land resources.He also pointed to plans by the U.S. and the Philippines to establish a large economic security zone to boost industrial cooperation. Lin said combining these strengths could help build more resilient "democratic" supply chains and support regional stability and growth.

^PSEITaiwan Weighted

Asia154d ago

Indian Equities Rally on Tuesday as US-Iran Talk Hopes Boost Investor Sentiment

Indian benchmark indices ended higher on Tuesday as lower crude prices and expectations of renewed U.S.-Iran talks supported risk appetite.The BSE Sensex rose 753.03 points, or 1%, to close at 79,273.33, while the NSE Nifty 50 gained 211.75 points, or 0.9%, to settle at 24,576.60.Sentiment improved on expectations of a second round of talks between the U.S. and Iran later this week. Reports indicate that a U.S. delegation led by U.S. Vice President JD Vance may return to Pakistan for discussions, with Iran also preparing to participate after earlier reluctance.Lower crude prices and buying in banking and FMCG stocks further supported the market.Among stocks, Nestlé India (NSE:NESTLEIND, BOM:500790) surged over 7% after reporting a rise in consolidated profit to 11.1 billion rupees in fiscal Q4 from 8.73 billion rupees a year earlier. Revenue from operations increased to 67.5 billion rupees from 55.0 billion rupees.Prestige Estates Projects (NSE:PRESTIGE, BOM:533274) gained over 2% after reporting initial sales of more than 1,700 units worth over 25 billion rupees for its Hyderabad residential project.

^BSENifty 50BOM:500790BOM:533274NSE:NESTLEINDNSE:PRESTIGE

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