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Ascent Bridge Completes Partial Disposal of Shares in Unit; Shares Surge 18%

Ascent Bridge (SGX:AWG) completed the transfer of 30% of its shares in MTBL Cultural Centre to Nyonya Heritage, according to a Thursday filing with the Singapore Exchange.Shares of the liquor and beverage company surged over 18% in Friday trading.The partial disposal is part of MTBL Global's agreement with Nyonya Heritage to sell its shares in MTBL Cultural Centre to the latter for SG$59,533.Under the agreement, Nyonya will transfer its 30% of the sale shares back to MTBL Global if the full disposal is not concluded by May 31.

SGX:AWG

Asia160d ago

Aiko Solar Energy's Unit to Buy Photovoltaic Equipment for 46 Million Yuan; Shares Up 3%

Shanghai Aiko Solar Energy's (SHA:600732) unit, Shandong Aiko Solar Technology, plans to purchase six sets of photovoltaic cell wet-process production equipment from Suzhou Puyite Automation System for 45.9 million yuan, according to a Shanghai bourse filing on Friday.Puyite Automation is a related company as its actual controller, Chen Gang, is also the actual controller of the company.The equipment will be delivered within 120 days.The Chinese solar products manufacturer's shares jumped 3% during the afternoon trade.

SHA:600732

Asia160d ago

Hebei Broadcasting Wireless Media Q1 Profit Down 10%

Hebei Broadcasting Wireless Media (SHE:301551) posted first-quarter attributable net profit of 69.3 million yuan, down 9.6% from 76.6 million yuan the previous year.Earnings per share slid to 0.1732 yuan from 0.1916 yuan, according to a Friday filing with the Shenzhen bourse.Operating revenue declined 3.0% year over year to 146.0 million yuan from 150.5 million yuan.Shares of the mobile multimedia broadcast television services company operator slipped 1% in recent trade.

SHE:301551

Asia160d ago

29Metals Delaying Access to Xantho Extended is Painful But Prudent Call, Jarden Says

29Metals' (ASX:29M) decision to delay the restart of mining at its Xantho Extended orebody in Western Australia is painful but prudent given the frequency of production disruptions at the site, Jarden said in a Thursday note.An ongoing geotechnical review has pinpointed a need for alternate level access development to mitigate interactions with higher-stress zones and cut the risk of further interference with production.The equity research firm noted that Xantho Extended is a major source of high-grade polymetallic feed at the Golden Grove mine, as well as the zinc, gold and silver by-product credits that support the operation's cost structure.Meanwhile, 29Metals' Capricorn Copper mine remains suspended and will need considerable additional funding to restart, "representing a further call on an already stretched balance sheet," Jarden said.The equity research firm maintained an underweight rating on 29Metals and cut its price target on the company to AU$0.32 from AU$0.38."We seek greater operating consistency at Golden Grove, a credible pathway to restart Capricorn Copper, and positive [free cash flow] generation to become more constructive in our view," it said.

ASX:29M

Asia160d ago

Western Region Gold's Subsidiaries Extend Production Suspension

Some of Western Region Gold's (SHA:601069) subsidiaries prolonged the suspension of their operations after shutting down due to maintenance works and safety, according to a Shanghai bourse filing on Friday.The preliminary design, safety facility design, soil and water conservation plans and assessment for Hami Gold Mine is still ongoing and are expected to be completed in September.The resumption of Hongfa Ferroalloy will be reassessed despite the completion of maintenance work. The company's production costs are expected to exceed selling prices due to low market prices for silicomanganese alloys.Xinjiang Meisheng expects that its production will remain suspended for 50 more days as it lost power and roads were blocked due to avalanches.The gold miner's shares fell less than 2% during the afternoon trade.

SHA:601069

Asia160d ago

Hebei Broadcasting Wireless Media 2025 Profit Flat, Revenue Down 1%

Hebei Broadcasting Wireless Media (SHE:301551) posted 2025 attributable net profit of 261.6 million yuan, barely changed from 261.5 million yuan the previous year.Earnings per share slid to 0.6539 yuan from 0.7067 yuan, according to a Friday filing with the Shenzhen bourse.Operating revenue declined 1.3% year over year to 605.0 million yuan from 613.3 million yuan.Shares of the mobile multimedia broadcast television services company operator slipped 1% in recent trade.

SHE:301551

Asia160d ago

CITIC Securities' Unit to Get $13 Million in Guarantees for Bond Issuance; Shares Down 3%

CITIC Securities' (SHA:600030, HKG:6030) unit, CSI MTN, will receive guarantees worth $13.1 million for issuing a medium-term bond of the same amount, according to a Shanghai bourse filing on Friday.The guarantee will come from CITIC Securities International and Citicorp International.The issuance is part of a medium-term bond program launched in 2022.The financial services provider's Hong Kong shares dropped less than 3% during the afternoon trade.

HKG:6030SHA:600030

Asia160d ago

Market Chatter: Taiwan's Stock Market Value Hits $4.14 Trillion, Surpassing UK

Taiwan's stock market has surpassed the UK in value, reaching about $4.14 trillion in total market capitalization and ranking as the world's seventh largest, Bloomberg News reported Wednesday, citing its own compiled data of primary market listed firms on the island.The figure topped the UK's market, which was valued at around $4.09 trillion as of Wednesday, the report said.The rally was fueled mainly by a rebound in technology shares as geopolitical tensions eased, helping the Taiex index recover earlier losses and push to a record high. Strong performance from major tech firms, especially those tied to artificial intelligence, led the gains and boosted overall investor sentiment, the report 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.)

Taiwan Weighted

Asia160d ago

National Silicon Industry's Attributable Loss Widens in 2025

National Silicon Industry's (SHA:688126) attributable loss widened to 1.51 billion yuan in 2025 from 970.5 million yuan in 2024, according to a Friday filing with the Shanghai bourse.Loss per share at the semiconductor silicon wafer manufacturer widened to 0.539 yuan from 0.353 yuan in the previous year.Operating income grew 9.7% year over year to 3.72 billion yuan from 3.39 billion yuan.Shares increased 2% during afternoon trading on Friday.

SHA:688126

Asia160d ago

Predictive Discovery Says BlackRock Increases Stake

Predictive Discovery (ASX:PDI) said BlackRock Group and its subsidiaries have increased their stake in the company on Wednesday to 15.31% or 404.8 million shares from 13.65% or 359.9 million shares, according to a Friday Australian bourse filing.

ASX:PDI

Asia160d ago

Zip Says JPMorgan Increases Stake; Shares Up 14%

Zip (ASX:ZIP) said JPMorgan Chase & Co. and its affiliates have increased their stake in the company on Tuesday to 6.27% or 78.8 million shares from 5.15% or 65.5 million shares, according to a Friday Australian bourse filing.The company's shares were up past 14% in recent Friday trade.

ASX:ZIP

Asia160d ago

Rishabh Instruments Unit Clinches EUR3 Million Order From German Client

Lumel, a wholly-owned subsidiary of Rishabh Instruments (NSE:RISHABH, BOM:543977), has secured an additional order worth 3 million rupees for an undisclosed German company, according to a Thursday filing to the Indian stock exchanges.The company's shares were up nearly 2% in Friday's trade.This is the second contract from the same client and is for the supply of advanced electronic devices for industrial automation applications within the energy sector.The agreement is valid through the end of 2027, with potential for extension.

BOM:543977NSE:RISHABH

Asia160d ago

Zhejiang Provincial New Energy Investment Q1 Output Dips Nearly 2%

Zhejiang Provincial New Energy Investment (SHA:600032) generated 2.42 billion kilowatt-hours of power in the first quarter, down 1.8% from the previous year.Installed capacity stood at 6.9 million kilowatts, , according to a Friday filing with the Shanghai bourse.Shares of the company declined nearly 2% in recent trade.

SHA:600032

Asia160d ago

Telix Pharmaceuticals Says JPMorgan Increases Stake

Telix Pharmaceuticals (ASX:TLX) said JPMorgan Chase & Co. and its affiliates have increased their stake in the company on Tuesday to 11.5% or 39 million shares from 7.7% or 26.1 million shares, according to a Friday Australian bourse filing.The company's shares fell past 2% in recent Friday trade.

ASX:TLX

Asia160d ago

New Zealand Shares Fall Amid Cautious Trading Ahead of US-Iran Peace Talks; New Zealand King Salmon Investments Lifts Fiscal 2026 Outlook

New Zealand shares ended lower on Friday as most Asian markets saw a sell-off as investors remained cautious despite the Israel-Lebanon ceasefire taking effect ahead of US-Iran peace talks.The S&P/NZX 50 Index fell 1.2% or 160.4 points to close at 12,905.67.US President Donald Trump has said that the next discussions between the US and Iran may take place over the weekend, according to a Thursday Reuters report.In domestic news, New Zealand's electronic card spending rose 1.3% month over month to NZ$9.85 billion in March on a seasonally-adjusted basis, matching the 1.3% increase recorded in the previous month, according to data from Stats NZ.Also, the average asking price for a property in Christchurch in March held steady over the past three years and remained lower than other main centers in New Zealand, data from realestate.co.nz showed.Further, petrol and diesel prices in New Zealand increased by nearly 19% and 43%, respectively, in March compared with the previous month, according to a Stats NZ selected price index report.Meanwhile, annual inflation in New Zealand is expected to slow by 0.2 percentage points in the March quarter to 2.9%, slightly higher than the previous forecast of 2.8% but slightly lower than the Reserve Bank of New Zealand's (RBNZ) April forecast of 3%, ANZ Research said in a note.In corporate news, New Zealand King Salmon Investments (NZE:NZK, ASX:NZK) upgraded its fiscal 2026 guidance, now expecting pro-forma earnings before interest, taxes, depreciation, and amortization of NZ$19 million to NZ$27 million, up from NZ$9 million to NZ$15 million.Contact Energy (NZE:CEN, ASX:CEN) has applied to quote about 5 million ordinary shares issued in connection with its acquisition of an additional stake in King Country Energy.

^NZ50ASX:CENASX:NZKNZE:CENNZE:NZK

Asia160d ago

AIMS APAC REIT Completes Divestment of 8 Senoko South Road

AIMS APAC REIT (SGX:O5RU) completed the divestment of 8 Senoko South Road, according to a Thursday filing with the Singapore Exchange.Shares of the REIT were down nearly 1% in Friday trading.Earlier, the REIT had agreed with Sin Hwa Dee Foodstuff Industries to divest the industrial development property for SG$15 million.

SGX:O5RU

Asia160d ago

Hoshine Silicon Industry Swings to Attributable Loss in 2025

Hoshine Silicon Industry (SHA:603260) swung to an attributable loss of 2.99 billion yuan in 2025 from a profit of 1.74 billion yuan in 2024, according to a Friday filing with the Shanghai bourse.The silicon-based materials producer logged a loss per share of 2.55 yuan compared with earnings per share of 1.48 yuan in the previous year.Operating income declined 23% year over year to 20.5 billion yuan from 26.7 billion yuan.

SHA:603260

Asia160d ago

China Harmony Auto's Loss Widens in 2025

China Harmony Auto (HKG:3836) posted a loss attributable to owners of 635 million yuan for 2025, compared with a loss of 291.1 million yuan a year earlier, according to a Thursday Hong Kong bourse filing.Shares of the auto dealership firm were up nearly 4% in Friday's late morning trade.Loss per share came in at 0.417 yuan, compared with 0.20 yuan in the prior year.Revenue rose 28% to 20 billion yuan from 15.6 billion yuan in 2024.

HKG:3836

Asia160d ago

Datang International Power Generation Issues 2 Billion Yuan Short Term Bonds

Datang International Power Generation (HKG:0991, SHA:601991) issued super short-term bonds worth 2 billion yuan, according to a Friday disclosure on the Shanghai bourse.The bonds have a coupon rate of 1.38% and a term of 120 days.Industrial Bank (SHA:601166) is the lead underwriter and bookrunner of the issuance.The Chinese power company's Hong Kong shares fell 1% during the afternoon trade.

HKG:0991SHA:601166SHA:601991

Asia160d ago

Amcor Estimates Cut Again on Higher Resin Costs, Softer Demand, Jefferies Says

Amcor (ASX:AMC) has had its earnings estimates cut by Jefferies for the second time in a month, as higher resin costs and softer consumer demand weigh on margins and cash flow, the firm said in a Thursday note.Jefferies noted resin costs rose around 15% to 25% year on year, with the company's polyethylene and polypropylene input exposure at $5 billion to $6 billion annually, and expects the delayed impact of higher costs to pass through in coming quarters, resulting in a notable margin squeeze in the fourth quarter.The firm expects fiscal 2026 earnings of about $3.94, below both company guidance of $4 to $4.15 and consensus at $4, and has cut fiscal 2027 estimates by around 4% on a more cautious view of demand and margins.The firm highlighted working capital pressure, with an estimated $200 million drag from higher resin costs pushing fiscal 2026 leverage to around 3.5 times, and noted that a further 10% rise in resin prices could add around 0.4 times to leverage if fully passed through working capital.The firm expects third quarter earnings before interest, taxes, depreciation and amortization of $936 million, in line with consensus, and earnings of $0.927, slightly below estimates due to higher interest costs, alongside low-single-digit volume declines and continued softness in food and household.Jefferies kept a buy rating on Amcor and cut its price target to AU$71.83 from AU$75.27.

ASX:AMC

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Asia160d ago

New Zealand Shares Fall Amid Cautious Trading Ahead of US-Iran Peace Talks; New Zealand King Salmon Investments Lifts Fiscal 2026 Outlook

^NZ50ASX:CENASX:NZKNZE:CENNZE:NZK