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Lemon Tree Hotels Signs License Deal for 90-Room Hotel in Gujarat, India

Lemon Tree Hotels (NSE:LEMONTREE, BOM:541233) has signed a license agreement for a 90-room property in Garudeshwar, Gujarat, according to a Friday filing on Indian bourses.Shares of the company fell nearly 1% in Monday's trade.The hotel will be managed by Carnation Hotels, a wholly owned subsidiary of the company, the filing said.

BOM:541233NSE:LEMONTREE

Asia157d ago

Keppel Concludes Liquidation of Subsidiary

Keppel (SGX:BN4) completed the member's voluntary liquidation of its subsidiary, Atlantic Marina Services (Asia-Pacific), according to a Monday filing with the Singapore Exchange.The company had earlier declared its intention to liquidate the unit in a Sept. 18, 2025 filing.

SGX:BN4

Asia157d ago

Asian Micro Holdings Unit Receives Request to Terminate CNG Purchase Agreement

Asian Micro (SGX:585) subsidiary, AM NGV, received a notice from Rolls-Royce Singapore, regarding the termination of a compressed natural gas purchase agreement between the two parties, according to a Monday filing with the Singapore Exchange.Rolls-Royce has requested the company to terminate the agreement with effect from May 31 and is seeking confirmation by April 30.In case the company does not provide confirmation by the due date, the contract's supply obligations will continue until Oct. 16.

SGX:585

Asia157d ago

Market Chatter: Japanese Apparel Firms Accelerate Bangkok Expansion to Capture Young Thai Consumers

Japanese apparel firms are stepping up their presence in Thailand's capital to tap into the country's expanding youth demographic, Nikkei Asia reported on Monday.Human Made (TYO:456A), a fashion label, launched its debut Southeast Asian outlet in late March, while Shimamura(TYO:8227), a budget clothing retailer, entered the Thai market in December.Japanese clothing brands started seriously entering the Thai market following Fast Retailing's (TYO:9983) Uniqlo arrival in 2011.Uniqlo had opened approximately 70 locations in Thailand by 2025, becoming the top Japanese apparel retailer in the nation.(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.)

TYO:456ATYO:8227TYO:9983

Asia157d ago

China, Turkmenistan to Boost Cooperation in Energy Sector

China and Turkmenistan plan to deepen their cooperation in the energy sector following the groundbreaking of a gas field project, Xinhua News Agency reported Saturday.The two countries launched the fourth phase of the Galkynysh gas field.Both Chinese Vice Premier Ding Xuexiang and Turkmen President Serdar Gurbanguly Berdimuhamedov attended the ceremony, Xinhua reported.

Shanghai Composite^SZSE

Asia157d ago

Intraco Buys Back More Shares

Intraco (SGX:I06) bought back 31,250 shares in the open market on Monday for SG$11,893, or about SG$0.38 per share, according to a same-day filing with the Singapore Exchange.The plastics resin and other petrochemical products company has been authorized to repurchase 10.8 million shares under its current mandate and has so far bought back about 1.7 million shares.

SGX:I06

Asia157d ago

Bondada Engineering Bags Multiple Orders Worth INR39 Million

Bondada Engineering (BOM:543971) has secured multiple orders totaling 39.4 million Indian rupees, according to a BSE filing on Monday.The company has received a letter of award from the Indian Institute of Technology Hyderabad for the supply and installation of 40M and 50M Ground-Based Angular Tower at IDOC premises at Khammam in Telangana, India.Bondada Green Engineering, a subsidiary, also bagged an order from Prathap Technocrats for the supply of KAVACH tubular lattice towers for railway infrastructure applications.Another subsidiary, Bondada E&E, has received an order from the Singareni Collieries to supply LED street light luminaries across various operational areas.The company's shares were down over 1% in recent trade.

BOM:543971

Asia157d ago

Malaysian Shares Extend Gains on Hopes of US-Iran Diplomatic Progress; MN's Shares Rise 5%

Malaysian shares extended gains on Monday, as investors reacted to renewed optimism over a possible de-escalation in hostilities between the US and Iran, and the second phase of peace talks in Islamabad.The FTSE Bursa Malaysia KLCI gained 7.09 points to end 0.4% higher at 1,702.30. The day range was between 1,689.00 and 1,703.64.In economic news, Malaysia's total trade in goods rose 9.3% annually to 273 billion ringgit in March, driven by growth in both exports and imports, according to data released by the Department of Statistics Malaysia. Exports increased 8.3% year on year to 148.8 billion ringgit, while imports rose 10.4% to 124.2 billion ringgit. As a result, the trade surplus stood at 24.6 billion ringgit, slightly lower by 215.5 million ringgit compared with a year earlier.In local news, Malaysia's rubber glove industry is facing rising cost pressure as the US-Iran conflict drives up prices of oil-linked raw materials used in production, the Nikkei Asian Review reported. Major producers such as Top Glove (KLSE:TOPGLOV) and Hartalega (KLSE:HARTA) have been able to raise selling prices to offset higher input costs, while demand remains broadly stable.In corporate news, shares of MN (KLSE:MNHLDG) rose 5% on Monday's close after its unit MN Utilities Engineering accepted a purchase order worth 275.9 million ringgit for a data center infrastructure project in Malaysia.

FTSE Bursa Malaysia KLCIKLSE:HARTAKLSE:MNHLDGKLSE:TOPGLOV

Asia157d ago

Market Chatter: Vietnam to Extend Fuel Import Waiver Until End-June

Vietnam is looking to extend its fuel import tariff waiver until the end of June to ease pressure on domestic industries, The Bangkok Post reported Monday, citing state media.The measure, first introduced in early March, is pending legal review and is expected to lower government revenue by about 2.02 trillion dong. Authorities are also considering a temporary removal of import duties on key fuel inputs such as naphtha, reformate and condensate, reportedly.In a separate move, the government plans to prolong reduced taxes on electric vehicles through 2030 to boost adoption.The proposal will be sent to parliament as Vietnam pushes to expand EV use and cut emissions, the news outlet said.(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.)

^HNX^HOSE

Asia157d ago

S&P Assesses GOHL Capital Holdings' Proposed Hybrids as Having Intermediate Equity Content

S&P Global Ratings has assessed GOHL Capital Holdings' proposed subordinated perpetual capital securities issuance as having intermediate equity content, according to a Monday release.S&P believes that 50% of the proposed issuance would be considered as debt.Genting Overseas Holdings, which is wholly owned by Malaysia-based Genting (KLSE:GENTING) and serves as its investment holding vehicle for international investments, will act as the guarantor for the hybrid securities.S&P considers Genting Overseas Holdings as a core subsidiary of its parent, with extraordinary support to be received under any foreseeable scenario.Genting provides a keepwell deed for the hybrids, pointing to the parent's commitment to support the subsidiary's and group's overall credit quality, S&P said.

KLSE:GENTING

Asia157d ago

Hong Fok Buys Back More Shares

Hong Fok (SGX:H30) bought back 352,800 shares in the open market on Monday for around SG$347,110, according to a same-day after-market filing with the Singapore Exchange.To date, the property investment company has bought back over 13.1 million shares.

SGX:H30

Asia157d ago

Rex International's Chairman to Step Down

Rex International's (SGX:5WH) chairman, John d'Abo, will step down from the role, effective April 24, according to a Monday filing with the Singapore Exchange.d'Abo has stepped down from the role as part of the company's restructuring and streamlining of executive roles.

SGX:5WH

Asia157d ago

Singapore Shares Close Higher as Phase 2 of US-Iran Talks Nears; H2G Green Surges 11%

Singapore shares closed higher on Monday, tracking regional gains as the US continues its push for the second phase of its peace talks with Iran in Islamabad.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,978.66 and 5,012.59 throughout the day. It ended the session at 5,004.07, up 6.14 points or 0.1% compared to Friday's close.Iranian officials are yet to commit their participation ahead of the ceasefire deadline, with mediators eyeing a memorandum of understanding between the two parties.On the corporate front, share of H2G Green (SGX:5AI) surged over 11% at the close, with the company targeting to raise over SG$3.6 million through the subscription of around 516.6 million shares at SG$0.00702 per share to several subscribers.Southern Alliance Mining (SGX:QNS) was up over 2% as it signed a non-binding agreement with Brazilian Critical Minerals (ASX:BCM) to evaluate opportunities for the development and distribution of rare earth products.Meanwhile, CapitaLand Integrated Commercial Trust (SGX:C38U) signed a put-and-call option agreement to sell Asia Square Tower 2 to IOI Marina View for SG$2.48 billion.

^STISGX:5AISGX:C38USGX:QNS

Asia157d ago

GMO GlobalSign to Acquire StrategIT to Boost AI Capabilities

GMO GlobalSign Holdings (TYO:3788) said it will acquire a 96.4% stake in StrategIT for 434 million yen to strengthen AI and data integration capabilities, according to a Monday filing on the Tokyo Stock Exchange.The company plans to integrate StrategIT's MCP-based platform with its services, including GMO Sign and GMO Trust Login, to enhance enterprise offerings in the AI era.Following a planned third-party allotment, its stake is expected to rise to 97.2%, with total investment reaching about 564 million yen. The deal is scheduled to complete April 30.

TYO:3788

Asia157d ago

Heroz Divests StrategIT for 424.6 Million Yen, Acquires AKM Consulting for 105 Million Yen

Heroz (TYO:4382) has disposed 79,499 shares in consolidated subsidiary StrategIT to GMO GlobalSign for 424.6 million yen, according to a Tokyo bourse filing on Monday.Separately, the AI and technology firm has agreed to acquire a 70% stake or 490 shares in AKM Consulting for 140 million yen, which includes estimated advisory fees of 35 million yen.The StrategIT sale is expected to generate a gain, with completion targeted around April 30, while the AKM acquisition is scheduled for May 1.

TYO:4382

Asia157d ago

Nxera Pharma to Receive $10 Million Milestone from AbbVie for Neurology Collaboration

Nxera Pharma (TYO:4565) said it will receive a $10 million milestone payment from AbbVie under their neurological disease research partnership, according to a Monday filing on the Tokyo Stock Exchange.The payment marks the third milestone in the collaboration and is tied to the identification of validated drug candidates targeting neurological conditions.Under the agreement, Nxera is eligible for up to $1.2 billion in total milestones, along with tiered royalties on future sales. The partnership, launched in 2022, uses Nxera's GPCR-focused discovery platform to develop new therapies for unmet neurological needs.

TYO:4565

Asia157d ago

Ishihara Sangyo Unit Halts Factory Operations Due to Fire

Ishihara Sangyo Kaisha (TYO:4028) said a fire at its subsidiary Fuji Titanium Industry's Kobe plant damaged facilities and suspended operations, according to a Monday filing on the Tokyo Stock Exchange.The fire broke out around 11:30 a.m. on April 19 and was extinguished by about 4:00 p.m., with no injuries reported. The company said the exhaust gas treatment facility was affected.

TYO:4028

Asia157d ago

National Standards (India) CFO Resigns; Successor Named

National Standards (India) (BOM:504882) Chief Financial Officer Rameshchandra Chechani has resigned, effective April 17, citing personal reasons, according to a same-day filing on the BSE.Shares of the company rose over 1% in recent trade.The company appointed Rohit Singhvi as its new CFO.Singhvi is currently associated with Lodha Group. He previously held leadership roles at Cable Corporation of India and Man Industries (India), the filing said.

BOM:504882

Asia157d ago

Advance Residence Investment Secures 3.05 Billion Yen Loan to Repay Existing Debt

Advance Residence Investment (TYO:3269) has secured debt financing totaling 3.05 billion yen from two lenders to repay existing debts, according to a Tokyo bourse filing on Monday.Sumitomo Mitsui Banking Corp. will provide the REIT a 1.55 billion seven-year loan at a base rate plus 0.16% interest, while SBI Shinsei Bank will lend another 1.5 billion yen 8.5-year loan at an unfxed rate.The funds, with a drawdown date of April 30, will be used to repay a maturing loan of 1.55 billion yen and to fully prepay a 1.5 billion yen in outstanding short-term borrowings under a commitment line agreement.

TYO:3269

Asia157d ago

Nittetsu Mining to Acquire Stake in US Copper Project via Subsidiary

Nittetsu Mining (TYO:1515) said it will invest $3.5 million to acquire an 80% stake in a US copper project through its subsidiary, according to a Monday filing on the Tokyo Stock Exchange.The company will capitalize its newly established US unit and use it to invest in Wedgetail Operations, which is developing the Oracle Ridge copper project in Arizona.Following the transaction, the US unit will remain wholly owned, while Wedgetail Operations will become a second-tier subsidiary.

TYO:1515

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