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C&G Hi Tech Shares Jump 8% on KRW38 Billion Samsung Contract

C&G Hi Tech (KOSDAQ:264660) secured a semiconductor manufacturing equipment contract from Samsung Electronics (KRX:005930), according to a Monday filing with the Korea Exchange.The contract, valued at 38.1 billion won, is valid till Nov. 30.Shares of C&G Hi Tech jumped over 8% in recent trade, while those of Samsung Electronics declined over 1%.

KOSDAQ:264660KRX:005930

Asia162d ago

Bonny International to Sell Loss-making Brand Products Business

Bonny International (HKG:1906) said it agreed to sell its loss-making Brand Products business to its controlling shareholder's son, according to a Hong Kong bourse filing Friday.Shares of the intimate wear firm gained nearly 2% in morning trade Monday.The firm said it would sell Bonny HK, the holding company of its Brand Products business, to Jin Bo for a cash consideration of 241.7 million yuan.According to Bonny International, the sale will help eliminate the "ongoing drag on profitability" from the business on its books. It will also help raise funds for the company's general working capital.As Bonny HK owns the property where Bonny International manufactures its standard products, the firm said it plans to enter a three-year lease agreement to continue operating from the space.The firm will pay 8.4 million yuan in annual rent for the space, according to Bonny International.Meanwhile, Bonny International will enter a framework with Bonny HK to manufacture products for the to-be-disposed unit for a period of three years.The framework will have proposed caps of 8.5 million yuan per year.

HKG:1906

Asia162d ago

China Resources Gas Unit Issues 2.5 Billion Yuan Bonds

China Resources Gas Group (HKG:1193) said its unit China Resources Gas Investment (China) issued bonds worth 2.5 billion yuan, according to an April 10 Hong Kong bourse filing.Shares of the gas distributor were down over 1% in Monday morning trade.The bonds have a term of three years and carry a coupon rate of 1.59% per annum.The proceeds from the offering will be used to repay debt, replace certain bank loans, and replenish working capital.

HKG:1193

Asia162d ago

C&D International, C&D Property Unit Eyes Urban Services, Property Acquisition

C&D International Investment (HKG:1908) and C&D Property Management (HKG:2156) said their unit has signed a memorandum of understanding for the potential acquisition of C&D City Service and Lianfa Property, according to an April 10 Hong Kong bourse filing.Shares of C&D International were down over 1% in Monday morning trade.The proposed deal involves Xiamen Yirui, a subsidiary of both companies, which plans to acquire the two firms in cash from connected parties, with final terms subject to due diligence and further negotiations.C&D City Service provides urban public services and space management, while Lianfa Property offers residential and commercial property management services in mainland China.

HKG:1908HKG:2156

Asia162d ago

APA Group Signs Three-Year Partnership With Energy Technology Company

APA Group (ASX:APA) entered into a three-year partnership deal with Siemens Energy to support Australia's energy transition, the energy infrastructure company said in a statement on Monday.The agreement enables early engagement and cooperation between the two companies to deliver energy infrastructure, such as large-frame gas turbines, across APA's national portfolio of gas-fired power generation, renewables and power projects, per the statement.

ASX:APA

Asia162d ago

Inkeverse's Deposit to Skywork AI Investment Returned While Deal Awaits Approval

Inkeverse Group (HKG:3700) said the deposit paid under its Series A preferred share purchase agreement with Skywork AI has been returned in full, as the transaction remains pending regulatory approval, according to an April 10 Hong Kong bourse filing.Shares of the entertainment content service firm were down over 1% in Monday morning trade.The company agreed in August 2025 to invest 100 million yuan for about a 0.7% stake in Skywork AI through the purchase of Series A preferred shares.Inkeverse said all conditions precedent have been fulfilled except for outbound direct investment approval.Skywork AI, a subsidiary of Kunlun Group, is engaged in artificial intelligence and AI-generated content businesses.Inkeverse said it is unable to provide a timeline for completion, given uncertainties around the approval process.

HKG:3700

Asia162d ago

Ascendio Signs KRW3.02 Billion Drama Production Contract with Jip Film

Ascendio (KRX:012170) signed a drama production contract worth 3.02 billion, won with Jip Film, the South Korea-based entertainment firm said in a filing with the Korea Exchange on Monday.The contract is valid till Apr. 30, 2027.Shares of Ascendio rose 2% in recent trade.

KRX:012170

Asia162d ago

Chinese Shares Open Lower After Trump Declares Naval Blockade of Hormuz

Chinese shares opened lower on Monday as U.S. President Donald Trump vowed to blockade the Strait of Hormuz after talks with Iran failed to reach a deal to end the war.The Shanghai Composite Index, the main gauge of Chinese stocks, opened at 3,971.20 on Monday, 0.4% lower than the previous close of 3,986.22. The Shenzhen Component Index opened at 14,233.11, down 0.5% from 14,309.47.Market sentiment reeled after Trump declared the immediate naval blockade of the Strait of Hormuz and threatened a military end for Iran.In a post on Truth Social, Trump said that while diplomatic talks had been progressing, the core issue of "NUCLEAR" remained unresolved.Trump further ordered the U.S. Navy to "seek and interdict every vessel in International Waters that has paid a toll to Iran," declaring such payments illegal extortion. He also warned Iran that the U.S. is "fully 'LOCKED AND LOADED,' and our Military will finish up the little that is left of Iran!"

Shanghai Composite^SZSE

Asia162d ago

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

Energy stocks were gaining nearly 3% in midday trading Monday as oil prices spiked once again after peace talks between the US and Iran failed over the weekend, prompting US President Donald Trump to order a blockade of the Strait of Hormuz.Cue Energy Resources (ASX:CUE) and Palm Valley joint venture partners Echelon Resources (ASX:ECH) and Central Petroleum (ASX:CTP) signed a binding multi-year gas sales deal with the Northern Territory government. Cue Energy shares rose 5% and Central Petroleum more than 3%, while Echelon was over 2% lower.On the flip side, nearly all other sectors were in the red, as information technology stocks led decliners with a fall of more than 2%.WiseTech Global (ASX:WTC) was down more than 1%, and Xero (ASX:XRO) was shedding almost 2%.

ASX 200ASX:CTPASX:CUEASX:WTCASX:XRO

Asia162d ago

CanSino Biologics Infant Combination Vaccine Approved in China

CanSino Biologics (HKG:6185) received Chinese regulatory approval for its infant combination vaccine, according to a Hong Kong bourse filing Sunday.Shares of the firm gained over 1% in morning trade Monday.China's National Medical Products Administration approved the company's DTcP vaccine Tripecia, which protects from diphtheria, tetanus, and pertussis for infants below 2 years old.CanSino said its vaccine is the first of its kind to be launched in China for infants.

HKG:6185

Asia162d ago

Market Chatter: Sumitomo Mitsui Partners with Neuberger Berman to Launch 500 Billion Yen Fund for Japanese M&As

Sumitomo Mitsui Financial's (TYO:8316) Sumitomo Mitsui Banking is partnering with U.S. asset manager Neuberger Berman to launch an investment vehicle that will extend financing to Japanese firms pursuing acquisitions, Nikkei reported on Monday.The fund is slated for launch as soon as June, with plans to expand its capital to 100 billion yen or $627 million within one year and ultimately reach 500 billion yen over five years, the news daily said.Neuberger Berman will secure capital from institutional investors both at home and abroad, while also identifying potential merger and acquisition targets among Sumitomo Mitsui Banking's client base, the publication 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.)

TYO:8316

Asia162d ago

Metallium Secures Flash Joule Heating Recovery Pathways for Antimony, Platinum Group Metals Via Expanded Licensing Agreement; Shares Fall 4%

Metallium (ASX:MTM) said it strengthened its intellectual property portfolio during the March quarter via an expanded licensing agreement with Rice University, incorporating additional flash joule heating (FJH) applications, including recovery pathways for antimony and platinum group metals, as well as solar cell recycling, according to a Monday Australian bourse filing.The company completed over 40 FJH processing campaigns over the quarter across a range of feedstocks, including printed circuit boards and catalytic converter scrap, generating data and insights into system behavior, the filing said. Initial commercial-scale feedstock was delivered to site, it added.Metallium's shares fell past 4% in recent trading on Monday.

ASX:MTM

Asia162d ago

St Barbara Posts Higher Gold Production in March Quarter; Shares Down 3%

St Barbara (ASX:SBM) posted Simberi gold production of 13,522 ounces during the March quarter, with sales totaling 11,974 ounces at an average sale price of AU$6,892 per ounce, according to a Monday filing with the Australian bourse.Gold production was 14,053 ounces with an all-in sustaining cost (AISC) of AU$4,169 per ounce in the March 2025 quarter, an earlier filing showed.The company expects gold production to range from 14,000 to 17,000 ounces for the New Simberi gold project in the June quarter, with its 40% attributable share of gold production anticipated to be between 5,600 and 6,800 ounces, with a corresponding AISC ranging from AU$4,100 to AU$4,500 per ounce, per the filing.Shares fell 3% in morning trade on Monday.

ASX:SBM

Asia162d ago

Xunce Technology to Partner With State-owned Enterprise on Data Assetization

Shenzhen Xunce Technology (HKG:3317) is partnering with state-owned Shenzhen Data Exchange on data assetization and artificial intelligence, according to a Hong Kong bourse filing Sunday.Shares of the real-time data infrastructure and analytics solutions provider gained over 2% in pre-market trade Monday.The partnership will help expedite the firm's implementation of its data assetization initiative, Xunce Technology said.

HKG:3317

Asia162d ago

HD-Hyundai Marine Engine Wins KRW85.9 Billion Ship Engine Supply Contract from K Shipbuilding; Shares Jump 5%

HD-Hyundai Marine Engine (KRX:071970) secured a ship engine supply contract from K Shipbuilding, according to a Monday filing with the Korean Exchange.The deal is valued at 85.9 billion won. The shipbuilder will deliver the engine by May 25, 2028.Shares of HD-Hyundai Marine Engine jumped nearly 5% in recent trade.

KRX:071970

Asia162d ago

Ling Yue Services Group to Bid for Land in China

Ling Yue Services Group (HKG:2165) plans to bid for a parcel of land in China's Xichang City, according to a Hong Kong bourse filing Sunday.The land parcel available for public tender is situated at east side of the Nantan Vegetable Market and covers 15,444.39 square meters of area. The parcel is designated for both residential and commercial use for terms of 70 years and 40 years, respectively.The initial bid for the land is set at 142.7 million yuan and the firm said it would pay a bidding deposit of 28.6 million yuan to participate in the tender.If successful, the property manager plans to develop the land for commercial and residential use and sell the properties in the market.

HKG:2165

Asia162d ago

Market Chatter: Chery Automobile Eyes European Production via Partnerships

Chery Automobile (HKG:9973) is seeking to expand production in Europe by partnering with other carmakers and using existing factories, Reuters reported Sunday, citing top executives at an event in Paris.France commercial chief Lionel French Keogh said the company is exploring additional manufacturing capacity across the region, according to the report.Chairman Yin Tongyue reportedly said Chery prefers partnerships over building new plants due to the time and investment required, adding that discussions are ongoing and updates may come in the coming months.He did not disclose potential partners or locations but said France is among the markets under consideration, the report added.(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.)

HKG:9973

Asia162d ago

NZX Midday Sector Update: Non-Energy Mineral Stocks Jump, Consumer Non-Durables Struggle

Non-energy mineral stocks advanced more than 1% at midday Monday.Fletcher Building (NZE:FBU, ASX:FBU) shares rose past 2% in recent trade.On the flip side, the consumer non-durables sector struggled, shedding past 20%.Fonterra Co-operative Group (NZE:FCG) fell almost 28% after the company's roughly NZ$3.2 billion capital return to shareholders was implemented on April 10.

^NZ50ASX:FBUNZE:FBUNZE:FCG

Asia162d ago

Fadu Secures KRW15.2 Billion Enterprise SSD Controllers Supply Contract; Shares Rise 5%

Fadu (KOSDAQ:440110) secured an enterprise solid-state drive (SSD) controller supply contract from an undisclosed overseas NAND flash memory manufacturer, according to a Monday filing with the Korea Exchange.The contract, valued at 15.2 billion won, is valid until Oct. 9.Shares of the South Korean chipmaker rose nearly 5% in recent trade.

KOSDAQ:440110

Asia162d ago

CHTC Fong's Flags Delay in Property Disposal Circular Dispatch

CHTC Fong's International (HKG:0641) flagged a delay in the dispatch of a circular on the proposed disposal of PT Harvest Holdings, according to a Hong Kong bourse filing Sunday.The firm expects to dispatch the circular on or before April 15, as it needs more time to prepare and finalize relevant information related to the disposal.The firm plans to dispose the business and associated loans via a listing-for-sales process with a preliminary deal value of 221.5 million yuan.PT Harvest Holdings is the holding company of 24,959 square feet of office floor in Hong Kong's Kowloon Commerce Center.

HKG:0641

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