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Kin Global Eyeing Singapore IPO

Kin Global, a Singapore-based sports event manager, is looking to raise around SG$10.1 million in gross proceeds through an initial public offering (IPO) on the Singapore Exchange's Catalist board, according to a company prospectus published on Tuesday.The company will have an estimated market capitalization of around SG$44.9 million post listing and will use the IPO to scale into events tourism.The company is seeking to make one million shares public, priced at SG$0.23 per share and 23.9 million placement shares at SG$0.23 each.

^STI

Asia161d ago

Taiwan Paiho's Profit Plunges 43% in Q1

Taiwan Paiho's (TPE:9938) net profit attributable to shareholders slumped 43.2% in the first quarter to NT$259.9 million versus a year earlier, according to a Tuesday Taiwan Exchange filing.Shares of the textile accessories manufacturer gained about 2% in Wednesday's afternoon trade.Revenue for the period dropped 5% to NT$4.04 billion, while operating profit plunged 42.6% to NT$518.9 million.For March alone, net profit attributable to shareholders came in at NT$129.5 million, or NT$0.43 per share, the filing said.

TPE:9938

Asia161d ago

Wipro to Acquire Clients from US-Based Alpha Net Consulting for Up to $71 Million; Shares Up 3%

Wipro (NSE:WIPRO, BOM:507685), through its subsidiaries, has agreed to acquire select customer contracts of US-based enterprise software developer Alpha Net Consulting and its subsidiaries, for up to $70.8 million, according to a Wednesday filing to the Indian stock exchanges.The acquisition will enable the Indian IT services company to access certain key clientele of Alpha Net, their customer contracts, as well as the related workforce. This will help Wipro's existing artificial intelligence-powered and consulting-led application services capabilities to secure new growth opportunities.The transaction is expected to be completed by June 30.The company's shares were up nearly 3% in recent trade.

BOM:507685NSE:WIPRO

Asia161d ago

Xuanzhu Biopharm Gets China Approval to Start Phase 3 Helicobacter Pylori Drug Trial

Xuanzhu Biopharmaceutical (HKG:2575) received approval in China to initiate a phase 3 clinical trial of anaprazole sodium, according to a Wednesday Hong Kong bourse filing by parent Sihuan Pharmaceutical (HKG:0460).The trial will evaluate the drug as part of a bismuth-containing quadruple therapy for the eradication of Helicobacter pylori infection, and plans to enroll 556 adult patients.

HKG:0460HKG:2575

Asia161d ago

SEM Holdings Controlling Shareholder Sells 14% Stake in Business

SEM Holdings (HKG:9929) said its controlling shareholder Yao Capital sold a 14.1% stake in the business to three investors, according to a Hong Kong bourse filing Wednesday.Yao Capital disposed 178 million shares representing 8.9% of the electrical and mechanical engineering services firm to Joanneful Limited; 57.5 million shares representing 2.9% to Xieqing; and 46 million shares representing 2.3% to Liang Meifeng.All the shares were sold at HK$0.65 apiece.The sale reduced Yao Capital's ownership in the business from 66% to 51.9%.Yao Capital, which is controlled by SEM Holdings chairman Yao Shuobin, earlier sold a 9% stake in the business to HH RSV-MIM Holdings.

HKG:9929

Asia161d ago

Breton Technology Chairman Boosts Stake in Firm

Breton Technology (HKG:1333) said its chairman, Chen Fangming, bought 294,000 shares of the battery-electric engineering firm from the open market, according to a Hong Kong bourse filing Wednesday.The shares represent 0.08% of the business and bumped the chairman's stake to 30.46%.

HKG:1333

Asia161d ago

Telix Pharmaceuticals Says First Patient Dosed With Treatment Candidate in Brain Cancer Trial; Shares Fall 6%

Telix Pharmaceuticals (ASX:TLX) said the first patient has been dosed with its treatment candidate TLX101-Tx, or Iodine-131-iodofalan, in its pivotal Ipax BrIGHT trial for recurrent glioblastoma, according to a Wednesday statement from the company.The study is assessing the safety and efficacy of TLX101-Tx in combination with chemotherapy, compared with chemotherapy alone, the company said. It will enroll patients with radiographically confirmed recurrent glioblastoma at first recurrence.The study received regulatory approval in Australia, Austria, Belgium, and the Netherlands, and the firm is seeking approval in more jurisdictions.Telix Pharmaceuticals' shares fell past 6% in recent trading on Wednesday.

ASX:TLX

Asia161d ago

Nanshan Aluminium's Controlling Shareholder to Issue First Tranche of Exchangeable Bonds

Shandong Nanshan Aluminium's (SHA:600219) controlling shareholder, Nanshan Group, plans to issue the first tranche of exchangeable corporate bonds, according to a Shanghai bourse filing on Wednesday.Nanshan Group will use part of the company's shares as collateral and trust assets for the issuance.The group opened special accounts for the transaction, 26 Nan 01 EB and 26 Nan 02 EB. A total of 325 million shares, approximately 2.83% of the company's total share capital, would be transferred to the accounts.The Chinese aluminum company's shares dropped less than 3% during the midday trade.

SHA:600219

Asia161d ago

Jiayuan Technology Sees Up to 395% Jump in Q1 Profit

Guangdong Jiayuan Technology (SHA:688388) forecasts first-quarter attributable net profit to range between 105 million yuan and 121 million yuan, up to 395% higher than 24.5 million yuan the previous year.Operating revenue is seen to rise to between 3.30 billion yuan and 3.50 billion yuan, up between 67% and 77% from last year, according to a Wednesday filing with the Shanghai bourse.The company attributes the strong performance to recovering downstream demand, increased production and sales volume, improved capacity utilization, and lower unit production costs.Shares of the copper foil manufacturer rose 1% in recent trade.

SHA:688388

Asia161d ago

Market Chatter: Solarvest Ramps Up Delivery of Large-Scale Solar Project as Middle East Crisis Boosts Demand

Solarvest (KLSE:SLVEST) plans to ramp up delivery of large-scale solar projects as higher fossil fuel costs, driven by the Iran-US conflict escalation, boost demand for renewable energy, bloomberg News reported Wednesday.The company's Chief Executive, Davis Chong, said the firm aims to shorten project timelines to as little as 12 to 16 months from the current 18 to 24 months. The company is expanding capacity, targeting about 1.3 gigawatts of solar installations in 2026 and at least 5 gigawatts more by 2028, including projects linked to Tenaga Nasional (KLSE:TNB), the report said.Solarvest has also launched two large solar initiatives under a corporate partnership program to supply major clients such as Micron Technology, NTT, and Texas Instruments, Bloomberg 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.)

KLSE:SLVEST

Asia161d ago

Laekna Says Cancer Drug Meets Progression-free Survival Goal in Phase 3 Trial

Laekna (HKG:2105) said its LAE002 oral drug met the primary endpoint of progression-free survival in a phase 3 clinical trial, according to a Hong Kong bourse filing Wednesday.Results from the FFIRM-205 study showed that a combination of LAE002 and fulvestrant achieved a progression-free survival of 7.6 months in subjects with breast cancer, compared with two months for fulvestrant alone.The firm has a China licensing agreement with Qilu Pharmaceutical for LAE002 under which it is eligible to receive up to 2.05 billion yuan in total upfront and milestone payments.The firm said it will submit a new drug application for LAE002 in China in the "near term."

HKG:2105

Asia161d ago

Sa Sa International Expects Higher Full-Year Profit

Sa Sa International (HKG:0178) expects to record an attributable profit of about HK$190 million to HK$205 million for the year ended March 31, up from HK$77 million a year ago, according to a Wednesday Hong Kong bourse filing.The anticipated increase in profit is mainly due to stronger same-store sales and transaction metrics in Hong Kong and Macao, improved operating efficiency of its online platform, and reduced losses following the closure of offline operations in mainland China.

HKG:0178

Asia161d ago

Peninsula Energy Says Citigroup Becomes Substantial Holder

Peninsula Energy (ASX:PEN) received notice that Citigroup Global Markets Australia and its affiliated entities became a substantial holder of the company on Monday, according to a Wednesday filing with the Australian bourse.Citigroup now owns 25.9 million shares in the company, representing a 5.79% total voting power, the filing said.The company's shares rose 1% in recent Wednesday trade.

ASX:PEN

Asia161d ago

Money Forward Jumps, Baycurrent Rises, Toho Falls as Japan Stocks Close Earnings Mixed

Japanese stocks that reported recent earnings mostly rose on Wednesday, in line with a broader market rally, with gains led by companies reporting strong profit growth and upbeat outlooks.Money Forward (TYO:3994) jumped 17% after reporting its first-quarter results, swinging to a profit attributable to owners of parent of 1.83 billion yen from a loss of 1.12 billion yen a year earlier, as revenue rose 25.3% to 14.67 billion yen. The company expects full-year profit attributable to owners of parent of a loss, alongside revenue of 53.40 billion yen to 57.55 billion yen.Baycurrent (TYO:6532) advanced 14% after posting full-year results, with profit attributable to owners of parent rising 23% to 37.84 billion yen and revenue increasing 27.8% to 148.33 billion yen. The company forecast profit attributable to owners of parent of 48.10 billion yen and revenue of 190 billion yen for the next fiscal year.Meanwhile, Toho fell 5% after reporting full-year earnings. Profit attributable to owners of parent rose to 51.77 billion yen from 43.36 billion yen as revenue climbed 15.2% to 360.66 billion yen, but the company forecast profit attributable to owners of parent of 41 billion yen and revenue of 345 billion yen for the next fiscal year.

TYO:3994TYO:6532TYO:9602

Asia161d ago

Inner Mongolia Dian Tou Energy's Attributable Profit Jumps 28% in 2025

Inner Mongolia Dian Tou Energy's (SHE:002128) attributable profit rose 28% to 2 billion yuan in 2025 from 1.56 billion yuan in 2024, according to a Wednesday filing with the Shenzhen bourse.Earnings per share at the Chinese coal products maker increased 27% to 0.89 yuan from 0.70 yuan in the previous year.Operating income grew 12% year over year to 8.41 billion yuan from 7.54 billion yuan.Shares increased 2% during the midday break on Wednesday.

SHE:002128

Asia161d ago

Ninestar Swings to Loss in 2025; Shares Up 5%

Ninestar (SHE:002180) swung to a net loss attributable to shareholders of 718.2 million yuan, or 0.51 yuan per share, in 2025, according to a Shenzhen bourse filing on Wednesday.The attributable profit a year earlier was 749.2 million yuan, or 0.53 yuan per share.Operating revenue dropped 37% to 16.5 billion yuan from 26.4 billion yuan in the previous year.The printing company's shares surged less than 5% during the midday trade.

SHE:002180

Asia161d ago

Sa Sa International Books 31% Higher Turnover in Fiscal Q4

Sa Sa International (HKG:0178) posted a 31% rise in turnover in the fourth fiscal quarter to HK$1.23 billion from HK$942.2 million a year earlier, a Wednesday Hong Kong bourse filing said.The beauty retailer's offline sales in the quarter ended March 31 jumped 33% to HK$1.07 billion from HK$803 million a year ago.Online sales also increased 19% to HK$165.5 million from HK$139.2 million previously.The company operated 160 stores as of March-end, up from 156 a year earlier.

HKG:0178

Asia161d ago

Sun Silver Appoints Lead Engineering Consultant for Nevada Silver Project, Shares Up 7%

Sun Silver (ASX:SS1) appointed global engineering firm Ausenco as lead engineering consultant for its Maverick silver project in Nevada, according to a Wednesday Australian bourse filing.Ausenco will deliver concept-level engineering studies and internal scoping work ahead of a maiden scoping study targeted for release in the second half of the year.Its shares rose 7% in recent trading on Wednesday.

ASX:SS1

Asia161d ago

Inner Mongolia Dian Tou Energy's 2025 Profit Rises 2%

Inner Mongolia Dian Tou Energy's (SHE:002128) net profit attributable to shareholders in 2025 rose 1.5% to 5.42 billion yuan from 5.34 billion yuan a year earlier, according to a Shenzhen bourse filing on Wednesday.Earnings per share rose year on year to 2.42 yuan from 2.38 yuan.Operating revenue increased 0.9% to 30.1 billion yuan from 29.9 billion yuan in the preceding year.The Chinese coal products maker's shares rose 2% during the midday trade.

SHE:002128

Asia161d ago

Clean Max Enviro Ties Up With Sangam India for Renewable Energy Projects in Rajasthan, India

Clean Max Enviro Energy Solutions (NSE:CLEANMAX, BOM:544717) has partnered with Sangam India (NSE:SANGAMIND, BOM:514234) for hybrid renewable projects to decarbonize its operations across Rajasthan, India, according to a Wednesday filing to the Indian stock exchanges.The hybrid renewable energy supply agreement for 30 MWp of solar and 20 MW of wind power, boosted with a 2 MWh battery energy storage system (BESS) for five Sangam facilities across Rajasthan.The power will be supplied from CleanMax's Bhikamkor hybrid farm under an intra-state group captive structure.As of March 31, the company has 525 MW of operational capacity in Rajasthan.

BOM:514234BOM:544717NSE:CLEANMAXNSE:SANGAMIND

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