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HD-Hyundai Marine Engine Wins KRW40.9 Billion Ship Engine Supply Contract from Daehan Shipbuilding

HD-Hyundai Marine Engine (KRX:071970) secured a ship engine supply contract from Daehan Shipbuilding (KRX:439260), according to a Wednesday filing with the Korean Exchange.The deal is valued at 40.9 billion won. The shipbuilder will deliver the engine by June 15, 2028.Shares of HD-Hyundai Marine Engine rose 1% in recent trade, while those of Daehan Shipbuilding fell nearly 1%.

KRX:071970KRX:439260

Asia161d ago

Delijia Transmission's Attributable Profit Rises 55% in 2025

Delijia Transmission Technology Jiangsu's (SHA:603092) attributable profit rose 55% to 827.4 million yuan in 2025 from 533.8 million yuan in 2024, according to a Wednesday filing with the Shanghai bourse.Earnings per share at the gear transmission products manufacturer increased 54% to 2.2772 yuan from 1.4827 yuan in the previous year.Operating income grew 46% year over year to 5.42 billion yuan from 3.72 billion yuan.Shares increased 1% during morning trading on Wednesday.

SHA:603092

Asia161d ago

G-bits Network Technology Expects Up to 87% Rise in Q1 Profit; Shares Surge 10%

G-bits Network Technology (Xiamen) (SHA:603444) forecasts attributable profit to rise 59% to 87% to between 450 million yuan and 530 million yuan in the first quarter from 283.3 million yuan in the year-ago period, according to a Wednesday filing with the Shanghai bourse.The online game producer attributed the upbeat forecast to higher profits from the launch of new games in the second to the fourth quarters, the filing said.Shares surged 10% during morning trading on Wednesday.

SHA:603444

Asia161d ago

Zhejiang Huahai Pharmaceutical's Attributable Profit Slides 76% in 2025

Zhejiang Huahai Pharmaceutical's (SHA:600521) attributable profit slid 76% to 266.9 million yuan in 2025 from 1.12 billion yuan in 2024, according to a Wednesday filing with the Shanghai bourse.Earnings per share at the drug manufacturer decreased 77% to 0.18 yuan from 0.77 yuan in the previous year.Operating income declined 10% year over year to 8.59 billion yuan from 9.55 billion yuan.Shares increased 2% during morning trading on Wednesday.

SHA:600521

Asia161d ago

FEG Holdings Eyes HK$33.5 Million via Rights Offering

FEG Holdings (HKG:1413) said it was looking to raise HK$33.5 million via a rights offering of up to 164 million shares, according to a Hong Kong bourse filing Tuesday.Shares of the construction services provider fell nearly 7% in Wednesday morning trade.The firm is offering 1 rights shares for every 2 shares held in the company at HK$0.214 each.Unsubscribed shares will be offered to external investors.The rights offering will help raise cash for the company's needs, including for the exploration of new business opportunities.

HKG:1413

Asia161d ago

Hengli Petrochemical Reports Flat Profit in 2025, Revenue Down 15%

Hengli Petrochemical (SHA:600346) posted 2025 attributable net profit of 7.07 billion yuan, inching up 0.4% from 7.04 billion yuan the previous year.Earnings per share ticked up to 1.01 yuan from 1.00 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue declined 15% year over year to 201.1 billion yuan from 236.3 billion yuan.

SHA:600346

Asia161d ago

For Jibran: GD Power Development 2025 Profit Down 27%, Revenue Slips 5%

GD Power Development (SHA:600795) posted 2025 attributable net profit of 7.16 billion yuan, down 27% from 9.83 billion yuan the previous year.Earnings per share slid to 0.402 yuan from 0.551 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue slipped 5.0% year over year to 170.2 billion yuan from 179.2 billion yuan.Shares of the power generation and project development company rose 2% in recent trade.

SHA:600795

Asia161d ago

Toyokumo's March Sales Jump 30%

Toyokumo (TYO:4058) said its March sales rose 30% on year to 474 million yen, maintaining strong growth momentum, according to a Wednesday filing on the Tokyo Stock Exchange.The pace of growth accelerated from the 27% expansion in February.Cumulative sales for the first three months of 2026 reached 1.39 billion yen, up 29% from a year earlier. Monthly sales also increased from 463 million yen in February and 451 million yen in January.The cloud services provider's shares rose nearly 2% in recent trade in Tokyo.

TYO:4058

Asia161d ago

Ronshine China Logs 278 Million Yuan in March Contracted Sales

Ronshine China (HKG:3301) recorded contracted sales of around 278.4 million yuan in March, with a gross floor area (GFA) of 24,108 square meters, according to a Tuesday Hong Kong bourse filing.Shares of the property developer jumped over 7% in morning trade Wednesday.The property firm's average selling price for the month stood at approximately 11,547 yuan per square meter.For the three months ended March 31, contracted sales and GFA reached roughly 533.2 million yuan and 47,153 square meters, respectively, with an average selling price of 11,307 yuan per square meter.

HKG:3301

Asia161d ago

Copro Technical Staff Surge Lifts Utilization Rate in March

Copro Holdings (TYO:7059) said its technical workforce rose sharply at the end of March, with utilization rates improving, according to a Wednesday filing on the Tokyo Stock Exchange.Total technical employees increased to 7,629, up by 2,768 from a year earlier and by 2,217 from the previous month. The number of active technicians rose to 7,194, while the utilization rate edged up to 94%.Growth was driven by the construction technician dispatching business, including the addition of TRYT Engineering. The mechanical, electrical and semiconductor segment also posted modest gains in headcount and utilization.

TYO:7059

Asia161d ago

Toho Completes Treasury Share Buyback Worth 11.9 Billion Yen

Toho (TYO:8142) has completed the purchase of its treasury shares worth 11.9 billion yen through off-auction trading, according to a Wednesday filing on the Tokyo Stock Exchange.The company bought 7.5 million shares on April 15 via the ToSTNeT-3 system. The buyback represents about 0.89% of its outstanding shares, excluding treasury stock.

TYO:8142

Asia161d ago

Ling Yue Services Fails to Secure Sichuan Land Tender Bid; Shares Up 4%

Ling Yue Services (HKG:2165) said it was unsuccessful in a public tender for land use rights in Sichuan, according to a Tuesday Hong Kong bourse filing.Shares of the property manager were up over 4% in Wednesday morning trade.The company had planned to bid for a parcel in Xichang City with an initial price of 142.7 million yuan, intended for residential and commercial development.A bidding deposit of 28.6 million yuan was fully refunded without interest or deductions, it said.

HKG:2165

Asia161d ago

BYD's Hungary Plant Hit by Labor Violation Claims in Report

A worker-rights group said it found labor violations at BYD's (HKG:1211, SHE:002594) new plant in Hungary, where the company plans to start mass production this quarter.China Labor Watch said its investigation identified debt-linked recruitment, excessive working hours, and opaque employment arrangements affecting some Chinese migrant workers hired through subcontractors and intermediaries, according to a Tuesday report.The group said the practices may breach local labor rules and align with forced labor indicators defined by the International Labour Organization.BYD is building a major electric-vehicle manufacturing facility in Hungary as part of its expansion into Europe.The electric vehicle maker is yet to respond to' request for comment at press time.

HKG:1211SHE:002594

Asia161d ago

EPI Completes Nearly HK$193 Million Rights Issue; Shares Surge 23%

EPI (HKG:0689) said its rights issue was under-subscribed but fully taken up after underwriting arrangements, according to a Tuesday Hong Kong bourse filing.Shares of the oil explorer were up nearly 23% in Wednesday morning trade.The company said valid acceptances and applications totaled 725.2 million shares, representing about 58.6% of the 1.24 billion rights shares offered.The remaining 513.3 million shares, or about 41.5%, were unsubscribed and subsequently taken up by subscribers procured by the underwriter.Net proceeds from the rights issue are estimated at about HK$192.7 million.Dealings in the fully paid rights shares are expected to begin on Thursday, the company said.

HKG:0689

Asia161d ago

Knowledge Atlas to Acquire Property in Beijing for 360.5 Million Yuan

Knowledge Atlas Technology (HKG:2513) agreed to acquire Beijing Hongzuan Technology Development for 360.5 million yuan, according to a Hong Kong bourse filing on Tuesday.Shares of the artificial intelligence company fell nearly 5% in morning trade Wednesday.The company will pay 81.6 million yuan in cash to ACREP Diamond Investment, the seller, and assume 278.9 million yuan in loans owed by the target.Hongzuan Technology owns a property in Beijing that the firm said could meet its daily administrative and business operational needs.

HKG:2513

Asia161d ago

Toa Road Settles Shareholder Lawsuit With Former Director Over Antitrust Case

Toa Road (TYO:1882) has reached a settlement in a shareholder derivative lawsuit with a former director over antitrust violations tied to asphalt pricing, according to a Wednesday filing on the Tokyo Stock Exchange.The former director, Akira Shinya, agreed to pay 21 million yen to the company as part of the settlement.The case relates to violations linked to price fixing of asphalt mixtures, which led to a surcharge of 2.17 billion yen imposed by Japan's antitrust regulator.The lawsuit had been filed by shareholder Strategic Capital against current and former executives seeking damages. Toa Road had already settled with nine other defendants in January before reaching the latest agreement.

TYO:1882

Asia161d ago

Hanking Gold Unit Secures Mining Approval for Mt Bundy Project; Shares Gain 3%

Hanking Gold International (HKG:3788) said its unit, Primary Gold, obtained mining management plan approval and a deemed mining licence for the Mt Bundy Gold Project in Australia, according to a Tuesday Hong Kong bourse filing.Shares of the gold miner were up nearly 3% in morning trade on Wednesday.Hanking Gold plans to begin site works in early May and start processing plant construction in the third quarter, targeting first gold production in the first quarter of 2028.

HKG:3788

Asia161d ago

ASX Midday Sector Update: Information Technology Stocks Advance, Energy Sector Struggles

Information technology stocks advanced 2% at midday Wednesday.Shares of WiseTech Global (ASX:WTC) and Xero (ASX:XRO) rose 2% in recent trade.Meanwhile, the energy sector struggled, shedding 2%, as global oil demand is expected to plunge due to disruptions stemming from the ongoing Middle East conflict.Shares of Woodside Energy Group (ASX:WDS) fell nearly 3% in recent trade, while those of Santos (ASX:STO) were down over 2%.

ASX 200ASX:STOASX:WDSASX:WTCASX:XRO

Asia161d ago

Zhejiang Huahai Pharmaceutical Expects Up to 48% Rise in Q1 Profit on Stake Sale Gains

Zhejiang Huahai Pharmaceutical (SHA:600521) forecasts its attributable profit will rise 30% to 48% to between 387 million yuan and 440 million yuan in the first quarter from 297.4 million yuan in the year-ago period, according to a Wednesday filing with the Shanghai bourse.The expected rise is attributable to gains from the offloading of a 67% stake in subsidiary Huahai Tianheng (Shanghai) Pharmaceutical Research, the filing said.Shares rose 2% during morning trading on Wednesday.

SHA:600521

Asia161d ago

Shanghai Construction Group's 2025 Profit Slides 43%

Shanghai Construction Group's (SHA:600170) attributable profit fell 43% to 1.24 billion yuan in 2025 from 2.17 billion yuan in 2024, according to a Wednesday filing with the Shanghai bourse.Earnings per share at the construction company slid 56% to 0.08 yuan from 0.18 yuan in the previous year.Operating income declined 31% year over year to 206 billion yuan from 300.2 billion yuan.Shares increased nearly 1% during morning trading on Wednesday.

SHA:600170

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