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S-Pool Signs Agreement for Absorption-Type Company Split With Unit

S-Pool (TYO:2471) said it has signed an absorption-type company split agreement with its wholly owned subsidiary S-Pool Bridge to transfer part of its professional human resource utilisation services business, according to a Tuesday filing on the Tokyo Stock Exchange.The company split is scheduled to take effect on June 1, 2026, with S-Pool as the split company and S-Pool Bridge as the succeeding entity.

TYO:2471

Asia162d ago

Market Chatter: Chinese AI Startups to Ditch Offshore IPO Structures

Shanghai-based artificial intelligence company StepFun is dismantling its Cayman Islands holding structure for a Hong Kong listing, as Beijing cracks down on red-chip vehicles long used for overseas fundraising, Reuters reported Monday, citing three sources.China's securities regulator recently ordered offshore-registered companies with China-based assets to unwind the setup, according to the report. StepFun, which develops general-purpose foundation models, now sees an onshore structure as more suitable due to its heavy state backing.Meanwhile, AI peer Moonshot, creator of the Kimi language model, is also reconsidering its offshore incorporation, Reuters wrote.Moonshot is raising $1 billion at an $18 billion valuation and could pursue a Hong Kong IPO later this year, according to the report.(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.)

Hang SengShanghai Composite^SZSE

Asia162d ago

Ichigo to Exit J.League Top Partnership in June

Ichigo (TYO:2337) said it will conclude its J.League Top Partner agreement at the end of June 2026 upon expiry of the current contract, according to a Tuesday filing on the Tokyo Stock Exchange.The company said it will also end its J.League shareholder program alongside the partnership.Ichigo said it will instead focus on managing Tegevajaro Miyazaki, which it acquired in 2023 and was promoted to the J2 league in 2025.

TYO:2337

Asia162d ago

Hor Kew Names Group CFO

Hor Kew (SGX:BBP) named Michael Soh Chia Yang as its group chief financial officer, effective April 1, according to a Tuesday filing with the Singapore Exchange.Yang is currently the construction company's financial controller.

SGX:BBP

Asia162d ago

Malaysian Shares Rebound as Regional Markets Bet on US-Iran Diplomatic Thaw

Malaysian shares rebounded on Tuesday, tracking broader regional gains, as investors reacted to renewed optimism over a possible de-escalation in hostilities between the U.S. and Iran.The FTSE Bursa Malaysia KLCI gained 7.60 points to end 0.5% higher at 1,688.12. The day range was between 1,686.06 and 1,694.16.In economic news, the ongoing military escalation in the Middle East could inflict economic losses of up to $299 billion across Asia and the Pacific, as higher fuel, freight and input costs ripple through regional economies, UNDP's latest assessment report release Tuesday showed.Moreover, Southeast Asian diplomats urged the US and Iran to continue negotiations after failed weekend talks heightened tensions and rattled global markets, Nikkei Asian Review reported. This came after Brent crude surged to $102.43 a barrel.In corporate news, shares of Johor Plantations Group (KLSE:JPG) slid about 3% on today's close after it reported fresh fruit bunch production of 57,878 metric tonnes for March. Crude palm oil output for the month stood at 13,442 metric tonnes.

FTSE Bursa Malaysia KLCIKLSE:JPG

Asia162d ago

Koshidaka to Receive 2 Billion Yen Dividend From Unit

Koshidaka (TYO:2157) said it will receive a 2 billion yen dividend from a consolidated subsidiary, according to a Tuesday filing on the Tokyo Stock Exchange.The dividend was approved on April 14 and will be recorded as net sales in the parent's nonconsolidated results for the fiscal year ending August 2026.

TYO:2157

Asia162d ago

Singapore Shares Rise as US-Iran Peace Hopes Remain; Avepoint Up 7%

Singapore shares rose on Tuesday, tracking regional gains, backed by fresh hopes of the US and Iran finally reaching an agreement to end hostilities.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,992.64 and 5,020.59 throughout the day. It ended the session at 5,007.57, up 23.40 points or 0.5% compared to Monday's close.In economic news, The Monetary Authority of Singapore (MAS) has tightened its monetary policy settings amidst the ongoing Iran conflict, according to April's policy statement.On the corporate front, shares of Avepoint (SGX:AVP) were up nearly 7% at the close as it booked a revenue of $419 million during 2025.Octopus (APAC) (SGX:43A) signed an agreement with Spain's Grupo Osborne, to be the latter's principle distributor under a five-year mandate.Meanwhile, Vin's Holdings (SGX:VIN) signed an agreement with Volt Auto to become an authorized channel partner for China Dongfeng Motor Industry Impo & Exp's latest electric vehicle lineup.

^STISGX:43ASGX:AVPSGX:VIN

Asia162d ago

Pickles Holdings Regains Compliance with Prime Market Listing Criteria

Pickles Holdings (TYO:2935) said it has met all continued listing criteria for the Tokyo Stock Exchange's Prime Market as of Feb. 28, after previously falling short on tradable share market capitalization, according to a Tuesday filing on the Tokyo Stock Exchange.The company reported its tradable share market capitalization rose to 10.79 billion yen from 8.35 billion yen a year earlier, exceeding the 10.0 billion yen requirement.Pickles Holdings said the improvement followed measures including progress on medium-term goals, stronger investor relations, sustainability efforts, enhanced shareholder returns and an increase in tradable shares.

TYO:2935

Asia162d ago

Create Restaurants to Absorb SFP Holdings Under Merger

Create Restaurants Holdings (TYO:3387) and SFP Holdings (TYO:3198) said they agreed to an absorption-type merger, with Create Restaurants as the surviving company, according to a Tuesday filing on the Tokyo Stock Exchange.The deal is set to take effect on July 1, subject to approval by SFP shareholders on May 21, while Create Restaurants Holdings will proceed under simplified procedures.SFP shares are expected to be delisted on June 29, with the last trading day on June 26.The companies said the merger will help streamline resources and improve decision-making amid labor shortages, rising costs and changing consumer preferences.

TYO:3198TYO:3387

Asia162d ago

H2O Retailing Expects 7 Billion Yen Gain From Toho Share Sale

H2O Retailing (TYO:8242) expects to record about 7 billion yen in extraordinary income from the partial sale of its stake in Toho, according to a Tuesday filing on the Tokyo Stock Exchange.The company plans to tender 5 million shares in Toho through an off-auction share buyback, reducing its holding from 4.23% to 3.63%.The move is part of efforts under its mid-term plan to reduce strategic shareholdings and improve capital efficiency while maintaining business ties. The gain is expected to be booked in the first quarter of the fiscal year ending March 2027.

TYO:8242

Asia162d ago

Ushio to Transfer Semiconductor Laser Unit to Kyocera via Corporate Split

Ushio (TYO:6925) will transfer its semiconductor laser device business to Kyocera (TYO:6971) through a corporate split and subsequent share sale for about 1 billion yen, according to a Tuesday filing on the Tokyo Stock Exchange.The company will first carve out the business into a newly established subsidiary before transferring all shares to Kyocera, with completion targeted for April 2027.The move comes as Ushio seeks to improve capital efficiency and optimize its portfolio amid shifting semiconductor demand and growing opportunities in areas such as AI-driven data centers and sensing applications.

TYO:6925TYO:6971

Asia162d ago

Market Chatter: Malaysian PM Refutes Allegations of Supplying Fuel to Philippines

Malaysian Prime Minister Anwar Ibrahim sought to clarify reports on diesel shipments to the Philippines, saying Malaysia is not directly supplying the fuel, Bloomberg News reported Monday.He said the cargo is being handled under commercial arrangements by Vitol Group, not by state energy firm Petroliam Nasional (PETRONAS). The clarification comes amid heightened sensitivity over fuel supplies as countries grapple with rising energy costs linked to the Middle East conflict, according to the report.Malaysia is facing mounting pressure to manage fuel subsidies and contain living costs as oil prices climb. The government has maintained that ensuring sufficient domestic fuel supply remains its priority, 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.)

FTSE Bursa Malaysia KLCI

Asia162d ago

Update: Market Chatter: Indonesia Expects Easing Plastic Prices as Government Boosts Imports

Indonesia expects plastic prices to start declining soon as authorities ramp up efforts to secure alternative raw material supplies amid ongoing global disruptions, The Jakarta Post reported Tuesday.The country's Trade Minister Budi Santoso said the government is speeding up sourcing from countries such as India, the United States and parts of Africa to ease domestic shortages and stabilize prices. He attributed the recent spike to tighter availability of key petrochemical inputs, particularly naphtha, following supply disruptions tied to geopolitical tensions, according to the report.Officials said additional shipments are in the pipeline, though existing inventories will continue to support industries in the near term until new supplies arrive. The government is also exploring more sourcing options to ensure supply stability as global production remains under pressure, 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.)

^JKSE

Asia162d ago

Market Chatter: Zimbabwe Grants Lithium Export Quotas to Chengxin Lithium, Sinomine Resource

Zimbabwe has awarded lithium concentrate export quotas to two Chinese mining firms, Chengxin Lithium (SHE:002240) and Sinomine Resource (SHE:002738), just two months after suspending all raw mineral exports, Reuters reported Monday.The move follows February's ban over alleged malpractices and leakages, according to the report. Under new rules, exporters must also process more material locally.Chengxin Lithium received a quota matching its 290,000-ton annual capacity, while Sinomine Resource's 200,000-ton allowance equals about its monthly output.Shares of Chengxin Lithium closed 8% higher Tuesday.(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.)

SHE:002240SHE:002738

Asia162d ago

Market Chatter: Indonesia Expects Easing Plastic Prices as Government Boosts Imports

^JKSE

Asia162d ago

BayCurrent's Profit Rises 23% in Fiscal 2026

BayCurrent's (TYO:6532) profit attributable to owners of the parent rose 23% to 37.8 billion yen for the fiscal year 2026 from 30.8 billion yen a year earlier.The consulting firm's basic earnings per share increased to 249.16 yen from 202.16 yen a year ago, according to a Tokyo bourse filing on Tuesday.Revenue jumped 28% to 148.3 billion yen for the full year ended Feb. 28 from 116.1 billion yen in the prior year.It declared a final dividend of 50 yen per share for the fiscal year ended Feb. 28, payable from May 28.For the fiscal year 2027, the company expects attributable profit of 48.1 billion yen, basic EPS of 323.79 yen, and revenue of 190 billion yen.BayCurrent plans to pay interim and year-end dividends of 65 yen per share, each, for the current year, which is higher than the amount paid in the year-ago period.

TYO:6532

Asia162d ago

Toho's Full-Year Profit Climbs 19%

Toho's (TYO:9602) profit attributable to owners climbed 19% to 51.8 billion yen for the fiscal year ended Feb. 28 from 43.4 billion yen a year earlier.The entertainment company's basic earnings per share increased to 61.20 yen from 50.95 yen a year ago, according to a Tokyo bourse filing on Tuesday.Operating revenue jumped 15% to 360.7 billion yen from 313.2 billion yen in the prior year.In a separate filing, Toho raised its final dividend to 67.50 yen per share, payable from May 29, citing stronger-than-expected fourth-quarter performance.For the fiscal year ending Feb. 28, 2027, the company expects attributable profit of 41 billion yen, basic EPS of 48.85 yen, and operating revenue of 345 billion yen.

TYO:9602

Asia162d ago

Prudential Buys Back Shares

Prudential (HKG:2378, SGX:K6S) bought back 256,174 shares in London on Monday at an average price of about 11.06 pounds sterling apiece, according to a Tuesday Hong Kong bourse filing.The insurer intends to cancel the repurchased shares.Following the transaction, the company will have about 2.52 billion shares in issue.

HKG:2378SGX:K6S

Asia162d ago

CapitalOnline Appoints CFO

CapitalOnline Data Service (SHE:300846) appointed Li Yidan chief financial officer, according to a Shenzhen bourse filing on Tuesday.Li, who served as the general manager of the company's financial management center, will take over from Zhang Lisha, who resigned due to personal reasons.The internet data company's shares rose less than 2% at the close.

SHE:300846

Asia162d ago

Crosstec Bondholder Converts Nearly HK$7 Million Debt Into Equity

Crosstec (HKG:3893) said a bondholder exercised its right to convert part of its convertible bonds into equity, according to a Tuesday Hong Kong bourse filing.The company received a conversion notice from MK Investment to convert HK$6.6 million in bonds into 60 million shares at HK$0.11 each.The shares represent about 11% of the company's issued share capital before the issue and about 9.9% as enlarged by the issue.Following the conversion, major shareholder MK Investment increased its stake to about 28.8% from 20.98%.

HKG:3893

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