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Fuen Jumps 99% on Start of Shenzhen Trading Debut

Hangzhou Fuen (SHE:001312) opened 98.6% higher in its trading debut on the Shenzhen Stock Exchange.The Chinese textile product manufacturer's shares opened at 36.51 yuan apiece, nearly double from its initial public offering price of 18.38 yuan per share.

SHE:001312

Asia155d ago

Wanhua Chemical Group 2025 Profit Down 4%; Share Fall 4%

Wanhua Chemical Group (SHA:600309) posted 2025 attributable net profit of 12.6 billion yuan, down 3.9% from 13.0 billion yuan the previous year.Earnings per share slipped to 3.99 yuan from 4.15 yuan, according to a filing with the Shanghai bourse.Analysts polled by Visible Alpha were expecting EPS of 3.85 yuan.Operating revenue rose 12% year over year to 203.2 billion yuan from 182.1 billion yuan.Analysts polled by Visible Alpha were expecting revenue of 200.0 billion yuan.Shares of the chemical company were down 4% in recent trade.

SHA:600309

Asia155d ago

Hong Kong Introduces Framework for Secondary Trading of Tokenized Products

Hong Kong's Securities and Futures Commission rolled out a new regulatory framework to enable secondary trading of tokenized investment products, according to a press release on Monday.The initiative will initially allow trading of tokenized SFC-authorized open-ended funds on licensed virtual asset trading platforms, with the regulator also open to considering over-the-counter arrangements on a case-by-case basis.The framework introduces safeguards covering pricing, liquidity, disclosure, and orderly trading, drawing on exchange-traded fund mechanisms and existing virtual asset platform infrastructure, the regulator said.It also paves the way for potential 24/7 trading supported by regulated stablecoins and tokenised deposits.The initial rollout will focus on tokenised money market funds, with the regulator set to review operations before expanding the scope.

Hang Seng

Asia155d ago

VHM Secures AU$5 Million Through Fully Underwritten Institutional Placement

VHM (ASX:VHM) has secured commitments to raise AU$5 million through a fully underwritten institutional placement, issuing around 19.2 million new shares at AU$0.26 each, with capacity to expand to around 24.6 million shares, according to a Tuesday Australian bourse filing.The placement is priced at about a 19% discount to the five-day volume-weighted average price, with the new shares ranking equally with the existing ordinary shares, the filing said.The proceeds will be used to support early engineering work at Goschen, secure long-lead items, and cover operating costs as the company finalizes offtake and financing agreements ahead of a planned final investment decision in mid-year, the filing added.

ASX:VHM

Asia155d ago

Huadian New Energy's Q1 Profit Drops 29%, Revenue Rises 10%

Huadian New Energy's (SHA:600930) net profit attributable to shareholders in the first quarter dropped 29% to 2.06 billion yuan from 2.92 billion yuan a year earlier, according to a Shanghai bourse filing on Tuesday.Earnings per share fell 38% year on year to 0.05 yuan from 0.08 yuan.The power company's operating revenue rose 10% to 10.6 billion yuan from 9.63 billion yuan in the preceding year.

SHA:600930

Asia155d ago

Hengli Hydraulic's 2025 Profit Rises 9%, Revenue Jumps 17%; Shares Down 4%

Jiangsu Hengli Hydraulic's (SHA:601100) net profit attributable to shareholders in 2025 rose 9% year on year to 2.73 billion yuan, or 2.04 yuan per share, according to a Tuesday disclosure on the Shanghai bourse.The attributable profit a year earlier was 2.51 billion yuan, or 1.87 yuan per share.Operating revenue jumped 17% to 10.9 billion yuan from 9.39 billion yuan in the previous year.The Chinese hydraulic cylinder manufacturer's shares fell nearly 4% during the morning trade.

SHA:601100

Asia155d ago

CMGE Technology to Raise HK$30 Million via Share Subscriptions

CMGE Technology (HKG:0302) plans to raise about HK$30 million through subscriptions of new shares, according to a Tuesday Hong Kong bourse filing.The company will issue 122.9 million shares at HK$0.244 each to three investors, including Tanwan (HKG:9890), representing about 4.1% of its existing share capital.Net proceeds will be used to fund game publishing costs, the filing said.

HKG:0302HKG:9890

Asia155d ago

China HK Power Enters Cooperation Deal With Al-Qimmah Energy

China HK Power Smart Energy Group (HKG:0931) entered into an oil and gas resources and trade cooperation agreement with Al-Qimmah Energy FZCO, according to a Hong Kong bourse filing Tuesday.Under the agreement, Al-Qimmah will supply oil and gas to China HK Power for sale to the international market.Both sides also plan to invest in global oil and gas assets, including a new coastal liquefied natural gas terminal in China.As part of the cooperation, Al-Qimmah also plans to invest in China HK Power shares.

HKG:0931

Asia155d ago

Ardiden Confirms High-Grade Gold Mineralization at Canada Deposit; Shares Up 9%

Ardiden (ASX:ADV) confirmed the presence of high-grade gold mineralization from ongoing diamond drilling at the Astoria deposit within the Rouyn project in Canada, according to a Tuesday filing with the Australian bourse.Assay results from eight diamond drill holes extended previously reported high-grade gold intersections and indicated the presence of both high-grade plunging gold shoots and extensive mineralized envelopes, the filing said.Drilling is ongoing, with more assay results expected in the near term, per the filing.Shares rose 9% in midday trade on Tuesday.

ASX:ADV

Asia155d ago

Trajan Group Holdings Appoints Interim CFO

Trajan Group Holdings (ASX:TRJ) appointed Simon Billingham, general manager of finance, as interim chief financial officer, effective May 1, according to a Tuesday filing with the Australian bourse.Billingham will succeed Alister Hodges, the filing added.The company's shares rose past 1% in recent Tuesday trade.

ASX:TRJ

Asia155d ago

Silkwave Eyes Satellite Media Expansion With Hong Kong TV International

Silkwave (HKG:0471) entered into a memorandum of understanding with Hong Kong TV International Media to explore cooperation in satellite media services, according to a Tuesday Hong Kong bourse filing.The companies plan to combine Silkwave's satellite communication technology with HKS' media content to expand the satellite converged media market.Proposed areas of cooperation include in-vehicle live TV services, satellite-enabled content distribution alongside 5G networks, and expansion into overseas markets, including Southeast Asia.

HKG:0471

Asia155d ago

Yancoal Australia Falls After Reporting Lower Q1 Saleable Coal Production

Shares of Yancoal Australia (ASX:YAL) fell around 1% in recent Tuesday trade after the company reported in a late Monday Australian bourse filing that attributable saleable coal production for the first quarter ended March 31 was 9 million tonnes, down from 9.5 million tonnes a year earlier.Attributable run-of-mine coal production for the quarter fell to 11.3 million tonnes from 11.5 million tonnes a year ago.The average realized coal price was AU$146 per tonne, down from AU$157 per tonne in the March 2025 quarter.The company said its 2026 guidance remains unchanged, with attributable saleable production of 36.5 million to 40.5 million tonnes.

ASX:YAL

Asia155d ago

Amaero Posts AU$2.6 Million Q3 Revenue, Up 301%, Reaffirms Fiscal Year 2026 Guidance

Amaero (ASX:3DA) said fiscal third-quarter revenue reached AU$2.6 million, up 301% from the third quarter of fiscal year 2025 and in line with AU$2.5 million in contracted revenue disclosed in January, according to a Tuesday Australian bourse filing.The company said AU$8.4 million of contracted revenue for the fourth quarter of fiscal year 2026 compares to AU$7.2 million disclosed in January, with more than AU$18 million of fiscal year 2026 revenue contracted, underpinning guidance of AU$18 million to AU$20 million, up 372% to 425% on the fiscal year 2025.The company's three-year capital investment program remains on track and on budget for completion by June 30, with incremental capital investments continuing for an argon gas recycling plant expected to be commissioned by the end of the year and a fourth EIGA unit expected to be commissioned in June 2027.Trailing 12-month revenue increased 347% year-on-year, while general and administrative expenses increased 18% year-on-year for the same period, with titanium powder production expected to increase 100% year-on-year in fiscal year 2027, the filing added.

ASX:3DA

Asia155d ago

Wasion to Raise HK$1.5 Billion via Share Placement, Top-Up Subscription

Wasion Holdings (HKG:3393) plans to raise about HK$1.47 billion in net proceeds through a share placing and top-up subscription, according to a Tuesday Hong Kong bourse filing.Shareholder Star Treasure Investments will place up to 50 million shares at HK$30.00 each to at least six investors on a best-efforts basis.The placing represents about 5% of the company's existing issued share capital.Wasion will issue the same number of new shares to the seller under a top-up subscription at the same price.Net proceeds will be used for business expansion, research and development, overseas market growth, potential acquisitions, debt repayment, and general working capital.

HKG:3393

Asia155d ago

Recce Pharmaceuticals Says Indonesian Regulator Completes Routine Regulatory Inspection of Phase Three Clinical Trial Site

Recce Pharmaceuticals (ASX:RCE) said the Indonesian National Agency of Drug and Food Control completed a comprehensive routine regulatory inspection of a phase three clinical trial site in Indonesia, with no findings noted that prevent the study from continuing, according to a Tuesday Australian bourse filing.The phase three clinical trial for the treatment of diabetic foot infections is advancing patient dosing, and it is on track to produce interim data from 155 patients.The firm's shares rose 2% in recent trading on Tuesday.

ASX:RCE

Asia155d ago

ASX Midday Sector Update: Consumer Staples Gain, Energy Stocks Slide

Consumer staples stocks were advancing about 0.5% in midday trading Tuesday, posting a very thin lead over gains for information technology shares.Woolworths Group (ASX:WOW) was up nearly 1% and Coles Group (ASX:COL) rose less than 1%.On the flip side, energy stocks were down 1% as oil prices trended lower amid hopes that Iran will join a second round of peace negotiations with the US.Woodside Energy Group (ASX:WDS) was shedding almost 2%, while Santos (ASX:STO) was down more than 1%.

ASX 200ASX:COLASX:STOASX:WDSASX:WOW

Asia155d ago

Bioxyne Reports 137% Jump in Fiscal Q3 Revenue; Shares Fall 3%

Bioxyne (ASX:BXN) reported a record revenue of AU$21.3 million for the fiscal third quarter, up 137% from a year earlier, driven by increased demand for its GMP manufactured medicinal cannabis, MDMA, and psilocybin products, according to a Tuesday Australian bourse filing.Cash receipts came in at AU$20.9 million during the three months ended March 31, compared with AU$8.5 million in the same period in the previous year.The company expects its fiscal 2026 revenue to be in the range of AU$65 million to AU$75 million and adjusted earnings before interest, taxes, depreciation, and amortization in the range of AU$16.5 million to AU$19 million.The company's shares fell about 3% in recent Tuesday trade.

ASX:BXN

Asia155d ago

Nuobikan AI Technology Signs Cooperation Deal With Inspur Smart City

Nuobikan Artificial Intelligence Technology (HKG:2635) entered into a cooperation agreement with Inspur Smart City Technology on smart city infrastructure development, according to a Hong Kong bourse filing Tuesday.The artificial intelligence-driven cooperation will also center on urban safety, urban governance, and urban digital infrastructure, with an estimated value of 500 million yuan.

HKG:2635HKG:2635

Asia155d ago

Boab Metals Unit Signs Six-Year Diesel Supply Deal With CGL Fuel

Boab Metals (ASX:BML) said that its subsidiary Sorby Management has entered into a six-year diesel supply agreement with CGL Fuel, a subsidiary of Cambridge Gulf, to support operations at the Sorby Hills silver-lead-zinc project, according to a Tuesday filing with the Australian bourse.The agreement secures a reliable long-term diesel supply for the construction, commissioning, and operational phases, enhancing the project's readiness ahead of its planned first concentrate production in the second half of 2027, per the filing.The agreement secures supply via Wyndham Port with direct site delivery, includes onsite fuel storage and dispensing, and improves cost certainty and operational stability as the project advances, the filing added.The company's shares fell 1% in recent Tuesday trade.

ASX:BML

Asia155d ago

Nanhua Futures' Profit Jumps 139% in Q1

Nanhua Futures' (HKG:2691, SHA:603093) net profit attributable to shareholders rose about 139% to 204.8 million yuan in the first quarter from 85.7 million yuan a year prior, a Tuesday Hong Kong bourse filing said.Earnings per share at the futures brokerage came in at 0.29 yuan, compared with 0.14 yuan a year earlier.Operating revenue increased 61% to 433.1 million yuan from 269.6 million yuan.

HKG:2691SHA:603093

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