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Shenzhen Batian Ecotypic Engineering Plans Up to 1-Billion-Yuan Investment in Wealth Management Products

Shenzhen Batian Ecotypic Engineering (SHE:002170) plans to invest up to 1 billion yuan in idle self-owned funds to purchase wealth management products.The cap for any single product is 500 million yuan, according to a Wednesday filing with the Shenzhen bourse.The investment period runs through April 12, 2027.

SHE:002170

Asia161d ago

Market Chatter: Philippines Requests Continued US Waiver for Russian Oil Imports

The Philippines has requested the U.S. to extend a waiver permitting it to import Russian oil and fuel products, as Manila looks to widen its energy sourcing options amid ongoing market disruptions, Reuters reported Tuesday, citing Energy Secretary Sharon Garin.Garin said authorities are hopeful the exemption, which lapsed on April 11, will be renewed; however, contingency plans are in place to secure supplies from other regions, including South America and North America, according to the report.Philippine envoy Jose Manuel Romualdez said approval is likely, adding that discussions with U.S. agencies are ongoing regarding volumes and timelines, the news agency reported.The move forms part of broader efforts to diversify energy imports and cushion the impact of elevated global fuel prices, alongside recent steps to ease costs such as suspending excise taxes on kerosene and LPG, 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.)

^PSEI

Asia161d ago

CSPC Pharmaceutical Gets China Nod for Clinical Trial of Tumor Drug

CSPC Pharmaceutical (HKG:1093) obtained clinical trial approval for SYS6051 from China's National Medical Products Administration, according to a Wednesday Hong Kong bourse filing.The indication for the approval is advanced solid tumors. Preclinical studies demonstrated good anti-tumor effects on a variety of cancers.

HKG:1093

Asia161d ago

AF Global to Delist on April 24

AF Global (SGX:L38) is set to be delisted from the Singapore Exchange on April 24 after the effective date of the scheme was locked for April 15, according to a Wednesday filing with the Singapore Exchange.Meanwhile, payment of the scheme consideration of SG$0.11 per share will be made to entitled shareholders on April 23.

SGX:L38

Asia161d ago

Aeon Increases Stake in Tsuruha

Aeon (TYO:8267) said it has completed the acquisition of additional shares in drugstore chain operator Tsuruha Holdings (TYO:3391), raising its voting rights to 50.9%, according to a Wednesday filing on the Tokyo Stock Exchange.The retail company acquired the shares through market purchases after falling short of the threshold in a prior tender offer conducted between December 2025 and January 2026.Aeon said the move is aimed at strengthening collaboration with Tsuruha to expand into a broader health and wellness business.

TYO:3391TYO:8267

Asia161d ago

Singapore Airlines' Passenger Traffic Rises 14.7% in March

Singapore Airlines (SGX:C6L) said its group passenger traffic was up 14.7% year on year in March, according to a Wednesday filing on the Singapore Exchange.The airline's passenger capacity increased 7.2%, while the group's passenger load factor came in at 90.6%, with the flagship carrier Singapore Airlines logging a passenger load factor of 90.3% and low-cost unit Scoot reporting 91.7%.Combined passenger carriage increased 14.9% year on year to 3.8 million passengers, the filing said.Cargo loads increased 2.4% year over year against capacity decrease of 1.3%, amid disruptions due to conflict in the Middle East. Meanwhile, the cargo load factor increased by 2.1 percentage points to 59%.By the end of February, the group's passenger network covered 134 destinations in 35 countries. Meanwhile, its cargo network spanned 137 destinations across 36 countries and territories.Scoot also launched passenger services to Tokyo in March, according to the filing.

SGX:C6L

Asia161d ago

Samsung Electronics Launches AI-Powered TV Models

Samsung Electronics (KRX:005930) launched new TV models for this year, which are equipped with key AI features.The 2026 lineup includes TVs such as the Micro RGB, OLED, Neo QLED, Mini LED, and UHD, alongside lifestyle TVs (The Frame Pro, The Frame), portable "Moving Style" screens, Music Studio 5/7 Wi-Fi speakers, and Q Series all-in-one soundbars.The TV lineup incorporates AI service platforms, including Bixby, Perplexity, and Microsoft Copilot.Shares of the company rose more than 2% at market close.

KRX:005930

Asia161d ago

H2O Retailing Confirms 5.1 Billion Yen Gain from Securities Sale

H2O Retailing (TYO:8242) said it has finalized the gain from the sale of investment securities, recording an extraordinary income of 5.1 billion yen, according to a Wednesday filing on the Tokyo Stock Exchange.The company sold 3.7 million shares of Toho (TYO:9602), reducing its stake to 31.8 million shares, or 3.8% of total issued shares excluding treasury stock.The transaction was completed on April 15, with the gain expected to be recorded in the first quarter of the fiscal year ending March 2027.

TYO:8242TYO:9602

Asia161d ago

Malaysian Shares Pare Morning Gains as Investors Await Second Round of Pakistan Peace Talks

Malaysian shares erased an opening rally to end in the red on Wednesday, weighed down by geopolitical uncertainty over the U.S.-Iran ceasefire timeline.The FTSE Bursa Malaysia KLCI shed 4.70 points to end 0.3% lower at 1,683.42. The day range was between 1,680.46 and 1,695.68.In local news, Malaysia has warned that the economic impact of the Iran-linked energy crisis will intensify from June, as fiscal buffers from subsidies and domestic gas output will begin to fade, South China Morning Post reported, citing Economy Minister Akmal Nasrullah Mohd Nasir.Malaysia has overtaken the US as a key supplier of chipmaking equipment to China, signalling a shift in regional trade flows. Imports from Malaysia more than doubled to $3.4 billion in 2025, underscoring its rising importance in the semiconductor supply chain.In economic news, the International Monetary Fund has lowered its growth estimates for most Asian economies for 2026, according to a recent release. Cumulative growth among Southeast Asia's five biggest economies, including Indonesia, Malaysia, the Philippines, Singapore, and Thailand, will fall to 3.7% in 2026 from 4.9%, although this will recover to 4.7% next year, the organization said.In corporate news, shares of Muhibbah Engineering (M) (KLSE:MUHIBAH) gained 2% on Wednesday's close after it bagged a contract worth about 120 million ringgit for works on the Penang Light Rail Transit (LRT) Mutiara Line project.

FTSE Bursa Malaysia KLCIKLSE:MUHIBAH

Asia161d ago

Itochu Completes Additional Stake Deal in Hitachi Construction Machinery

Itochu (TYO:8001) said it has completed the additional acquisition of shares in Hitachi Construction Machinery (TYO:6305) following regulatory approvals, according to a Wednesday filing on the Tokyo Stock Exchange.The transaction involved HCJI acquiring shares held by HCJ Holdings, with the treasury share acquisition priced at 134.1 billion yen.

TYO:6305TYO:8001

Asia161d ago

Oriental Trimex's CFO Resigns

Natural stones company Oriental Trimex (NSE:ORIENTALTL, BOM:532817) said its chief financial officer and key managerial personnel, Om Prakash Sharma, has resigned from the company with effect from Wednesday, according to a same-day filing to the Indian stock exchanges.He cited personal reasons for the resignation.The company's shares were up over 2% in recent trade.

BOM:532817NSE:ORIENTALTL

Asia161d ago

Stanley Electric Executes Loan Agreement with Financial Covenants

Stanley Electric (TYO:6923) said it has executed a loan agreement with financial covenants and revised certain terms from its earlier disclosure, according to a Wednesday filing on the Tokyo Stock Exchange.The agreement, signed with two city banks, involves a principal amount of 70 billion yen and is unsecured, with repayment due on April 20, 2027.Under the covenants, the company is required to maintain consolidated net assets at no less than 449.2 billion yen or 75% of the previous fiscal year-end level, whichever is higher.

TYO:6923

Asia161d ago

Value HR Finalizes Terms for Paid Stock Options Issuance

Value HR (TYO:6078) said it has finalized the terms for issuing stock acquisition rights to its directors, including outside directors and audit committee members, according to a Wednesday filing on the Tokyo Stock Exchange.The company will allocate 4,269 stock acquisition rights to eight directors, representing a total of 426,900 common shares.

TYO:6078

Asia161d ago

StemRIM Finishes Enrollment in Phase 1/2 Redasemtide Study

StemRIM (TYO:4599) said it has completed patient enrollment in a Phase 1/2 investigator-initiated clinical trial of its regenerative medicine candidate redasemtide for ischemic cardiomyopathy, according to a Wednesday filing on the Tokyo Stock Exchange.The trial, conducted at five institutions led by Osaka University Hospital, enrolled 14 patients undergoing coronary artery bypass grafting, with participants receiving redasemtide or a placebo over five days.The primary objective is to evaluate the drug's safety and tolerability, while efficacy will be assessed through cardiac function tests conducted 52 weeks after administration.StemRIM said the enrollment was lower than the initially planned 20 patients, but deemed sufficient to evaluate the primary endpoints based on the overall progress of the trial.

TYO:4599

Asia161d ago

Nomura Adjusts KT's Price Target to KRW62,000 From KRW56,000, Keeps at Neutral

KT (KRX:030200) has an average rating of buy and mean price target of 73,024.80 won, according to analysts polled by FactSet.

KRX:030200

Asia161d ago

Jefferies Adjusts Toho's Price Target to 1,500 Yen From 1,600 Yen, Keeps at Hold

Toho (TYO:9602) has an average rating of overweight and mean price target of 1,897.09 yen, according to analysts polled by FactSet.

TYO:9602

Asia161d ago

Jefferies Adjusts ICICI Prudential Life Insurance's Price Target to INR670 From INR655, Keeps at Buy

ICICI Prudential Life Insurance (NSE:ICICIPRULI, BOM:540133) has an average rating of overweight and mean price target of 725.14 Indian rupees, according to analysts polled by FactSet.

BOM:540133NSE:ICICIPRULI

Asia161d ago

Jefferies Adjusts Dip's Price Target to 2,000 Yen From 2,300 Yen, Keeps at Hold

Dip (TYO:2379) has an average rating of hold and mean price target of 1,978.57 yen, according to analysts polled by FactSet.

TYO:2379

Asia161d ago

Singapore Shares Extend Gains Over US-Iran Peace Optimism; Mary Chia Slumps 12%

Singapore shares extended gains on Wednesday, tracking broader regional gains as investor confidence rose backed by the possibility of the US and Iran continuing their dialogue to end hostilities.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,010.14 and 5,038.13 throughout the day. It ended the session at 5,021.20, up 13.63 points or 0.3% compared to Tuesday's close.The US and Iran are seeking another round of talks in the coming days, with US president, Donald Trump, revealing that talks could resume "over the next two days" in Pakistan.On the corporate front, shares of Mary Chia (SGX:5OX) slumped nearly 12% at the close as its subsidiary, Organica International, initiated legal proceedings against Fullink Capital in the General Division of the Singapore High Court.Yangzijiang Maritime Development (SGX:8YZ) close nearly 5% higher as it secured lease agreements covering 13 vessels worth $89.8 million.Meanwhile, Fraser and Neave (SGX:F99) closed over 1% higher with the company outlining plans to invest up to NZ$20.1 million in the fundraising of Comvita (NZE:CVT), a provider of manuka honey and natural health products.

^STISGX:5OXSGX:8YZSGX:F99

Asia161d ago

Nextage to Split Auto Businesses into Units

Nextage (TYO:3186) said it will split its vehicle dealership businesses into four wholly owned subsidiaries as part of a restructuring aimed at improving operational efficiency, according to a Wednesday filing on the Tokyo Stock Exchange.The company plans to transfer its Volvo business to ett, Jaguar Land Rover and BYD operations to Shin, Maserati operations to Fiorente, and its Auto Stage business to ism through a simplified absorption-type company split effective June 1.The move is intended to clarify responsibilities across business units, accelerate decision-making and enhance flexibility in responding to market changes, the company said.

TYO:3186

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