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Hong Kong Court Moves Ta Yang's Winding-Up Petition Hearing to Late October; Shares Rise 3%

Ta Yang Group Holdings (HKG:1991) said the Hong Kong High Court has further adjourned a hearing linked to a winding-up petitition filed against the company, according to a Monday filing with the bourse.The company said the court has moved the hearing to Oct. 26 from Sept. 21, and also ordered it to make a security payment of HK$20 million within 28 days.Ta Yang said it will be able to arrange the security money for the court with the given time period.Shares were last up 3% in afternoon trading on Tuesday.

HKG:1991

Asia1d ago

Royal Orchid Hotel (Thailand) OKs Rights Offering of Up to 280 Million Shares

Royal Orchid Hotel (Thailand) (SET:ROH) approved a rights offering of up to 280 million new shares at 0.60 baht each, according to a Monday filing with the Thai bourse.The shares will be offered to existing shareholders at a ratio of 3.35 existing shares for one new share, with the record date set for Oct. 5 and subscription and payment scheduled for Oct. 20 to 27.The company expects to raise up to 168 million baht if fully subscribed.Proceeds will be used to address the company's free-float requirement, as well as for future investments, working capital and liquidity, Royal Orchid said.

SET:ROH

Asia1d ago

Market Chatter: South Korea Chooses Texas Power Plant Project as First US Investment Project

South Korea decided to pursue a natural gas-fired power plant in Texas as the first project under its $350 billion U.S. investment pledge, Reuters reported Tuesday, citing a lawmaker.Industry Minister Kim Jung-kwan reported the decision to the National Assembly during a closed-door briefing on Tuesday, the report said.Lawmaker Chung Chin-ook confirmed the plan on the sidelines of the meeting, adding that two other projects are up for consideration, Reuters reported.Seoul made the investment pledge with the U.S. in November 2025 in exchange for lower tariffs on Korean goods.(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.)

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Asia1d ago

ProsperCap's Units Extend Senior and Mezzanine Facility Agreements

ProsperCap's (SGX:PPC) subsidiaries, ProsperCap Subholdco and PPC Regional Hospitality, signed an agreement with lenders to extend the initial expiry date of the senior and mezzanine facility agreements, according to a Monday Singapore bourse filing.The extension provides additional time for the units to satisfy relevant capital expenditure milestone requirements.The senior loan comprised a term facility of up to 232.6 million pounds and a CAPEX facility of up to 11 million pounds.Meanwhile, the mezzanine loan comprised a term facility of up to 63.4 million pounds and a CAPEX facility of up to 3 million pounds.

SGX:PPC

Asia1d ago

Beverly Wilshire Unit Served With Medical Malpractice Claim

Beverly Wilshire (SGX:9QX) unit Beverly Wilshire Medical Center was served with a writ and statement of claim by a patient alleging medical malpractice in or around September 2025, according to a Monday Singapore bourse filing.The patient is seeking about 961,386.44 ringgit in special damages, along with general, aggravated and exemplary damages.Beverly Wilshire Medical Center will file its defense and counterclaim within 28 days from Sept. 21, it said.The company said a collaboration partner's authorized representatives have paid about 500,000 ringgit toward the patient's medical expenses, and a further 250,000 ringgit for accommodation, logistics and other expenses as compensatory benefits and in settlement of the claim.

SGX:9QX

Asia1d ago

China Smarter Energy Addresses 2025 Going Concern Uncertainty Opinion

China Smarter Energy Group Holdings (HKG:1004) said it has implemented measures to address its auditor's going concern uncertainty disclaimer for fiscal year 2025, according to a Monday filing with the bourse.The company said it has negotiated with its creditors to extend the repayment date and secured additional working capital financing, among other measures, to address the auditor's concern for the previous year, and believes it can avoid a recurrence of such an opinion this year.Additionally, the company said it has resolved its auditor's disclaimer of opinion for fiscal year 2024.

HKG:1004

Asia1d ago

LG Electronics Signs AI Partnership With Microsoft

LG Electronics (KRX:066570) has entered into a strategic partnership with Microsoft across the AI value chain, according to a Tuesday release.The partnership will cover next-generation AI data centers, physical AI and AI transformation.In AI data center infrastructure, the South Korean appliance and consumer electronics company will look to supply cooling, power and infrastructure solutions for Microsoft's global expansion.LG will also leverage Microsoft's AI and cloud platforms for its knowledge workforce as part of its AI transformation.For physical AI, LG will use Microsoft's high-performance cloud infrastructure in developing AI models for physical settings such as manufacturing, logistics and mobility.Shares of LG Electronics rose over 6% in recent trade.

KRX:066570

Asia1d ago

Incredible Discloses Identity of Director in Response to SGX Query

Incredible (SGX:RDR), responding to a Singapore Exchange query, said independent director Eunice Veon Koh Pei Lee was the director referred to in its earlier announcement on investigations by Singapore's Commercial Affairs Department and Monetary Authority of Singapore.The company said Koh told it that she understands she is not the subject of the investigations and was only asked to assist, according to a Monday filing.The investigation into the company's affairs remains ongoing.Incredible said it believes it remains in compliance with Catalist disclosure rules and will make further announcements if there are significant developments.

SGX:RDR

Asia1d ago

Australia-Listed Energy Majors Fall After Oil Price Retreats

Santos (ASX:STO) and Woodside Energy Group (ASX:WDS) shares fell about 2%, while Viva Energy Group (ASX:VEA) was 1% lower in recent Tuesday trade, following a continued slide in the price of oil.Oil prices declined for a fourth straight session on Monday to hit their lowest closing level since Sept. 8 as flows through the Strait of Hormuz improved and the markets weighed prospects for a diplomatic resolution to the Middle East conflict, The Wall Street Journal reported.

ASX:STOASX:VEAASX:WDS

Asia1d ago

Market Chatter: GAC Seeks to Expand Output Capacity in Europe; Shares Down 3%

Guangzhou Automobile Group (SHA:601238, HKG:2238), or GAC, plans to expand its production capacity in Europe, especially in major markets such as France, Reuters reported Monday, citing an executive.Cedric Lacour, GAC France's deputy chief executive, told Reuters at the sidelines of a Paris event that they are looking into the bloc's production capacity with its partner, Magna, and other investors, according to the report.Lacour said the Chinese automobile maker plans to launch 12 electric and hybrid models in France by 2030, and add 50 more dealerships in the country, the media outlet said.GAC's Hong Kong shares fell 3% during the midday trade.(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:2238SHA:601238

Asia1d ago

Hubei Yihua Chemical to Absorb Wholly Owned Trading Subsidiary Hubei Yihua Trading

Hubei Yihua Chemical Industry (SHE:000422) plans to merge by absorption with its wholly owned subsidiary, Hubei Yihua Trading, according to a Shenzhen bourse filing on Tuesday.The decision was taken to optimize Hubei Yihua Chemical Industry's management structure and lower management costs, the filing said.Upon completion of the absorption-type merger, Yihua Trading's legal entity status will be canceled, with all its assets, claims, debts, personnel and other rights and obligations assumed by Hubei Yihua. No consideration will be paid for the merger, it said.Hubei Yihua Chemical Industry's name, business scope, registered capital, equity structure, board and senior management will remain unchanged, the filing said.Shares of Hubei Yihua Chemical Industry rose more than 1% in recent trade.

SHE:000422

Asia1d ago

Fortescue Says BlackRock Group Ceases to be Substantial Shareholder

Fortescue (ASX:FMG) received notice that BlackRock Group and its subsidiaries are no longer substantial holders of the company from Sept. 18, according to a Tuesday filing with the Australian bourse.

ASX:FMG

Asia1d ago

Medibank Private Says JPMorgan Chase Ceases to be Substantial Shareholder

Medibank Private (ASX:MPL) received notice that JPMorgan Chase and its affiliates are no longer substantial holders of the company from Sept. 17, according to a Tuesday filing with the Australian bourse.JPMorgan Chase and its affiliates became a substantial holder of the company on Mar. 20, with a total voting power of 5.18%, an earlier filing showed.The company's shares fell 1% in recent Tuesday trade.

ASX:MPL

Asia1d ago

Treasury Wine Estates Says JPMorgan Chase Ceases to be Substantial Shareholder

Treasury Wine Estates (ASX:TWE) received notice that JPMorgan Chase and its affiliates are no longer substantial holders of the company from Sept. 17, according to a Tuesday filing with the Australian bourse.JPMorgan Chase and its affiliates became a substantial holder of the company on Sept. 16, with a total voting power of 5.03%, an earlier filing showed.The company's shares rose 1% in recent Tuesday trade.

ASX:TWE

Asia1d ago

United Nova Raises Joint Venture's Capital By 2.13 Billion Yuan

United Nova Technology (SHA:688469) raised the capital of its joint venture, Xinlian Advanced Integrated Circuit Manufacturing (Shaoxing), according to a Shanghai bourse filing on Tuesday.The company subscribed for 2.13 billion yuan worth of capital in Xinlian Advanced, holding 25.1% of its capital. Other joint venture partners also participated in the capital increase.Xinlian Advanced manages the Phase IV construction of a production line that will produce 12-inch analog and digital mixed-signal integrated circuits.The Chinese semiconductor company's shares rose 2% in midday trade.

SHA:688469

Asia1d ago

Lung Ming Green Energy Disputes NT$3.31 Billion Penalty Over Delayed Prison Project

Lung Ming Green Energy Technology Engineering (TPE:3018) has received a letter from the Bade Minimum-Security Prison, under Taiwan's Ministry of Justice, imposing NT$3.31 billion in penalties for delays in a prison construction project, according to a Monday filing to the Taiwan stock exchange.The company was awarded the project in November 2019 for a total contract value of NT$2.40 billion. According to the letter, the first phase was delayed by 1,506 days, resulting in a penalty of NT$2.25 billion, while the second phase was delayed by 1,185 days, with a penalty of NT$1.05 billion.Lung Ming said it has objected to the number of overdue days and the penalties imposed, saying that under the contract, the maximum penalty for late completion is set at 20% of the total contract price, amounting to NT$480.7 million.The company also claimed that the agency of corrections still has to pay NT$235.2 million in outstanding amounts.The parties are currently undergoing mediation before Taiwan's Public Construction Commission, and the final penalty amount is subject to the outcome of the mediation, it said.

TPE:3018

Asia1d ago

Hubei Yihua Chemical to Build 1.15 Billion Yuan Iron Phosphate Project

Hubei Yihua Chemical Industry (SHE:000422) plans to invest about 1.152 billion yuan to build a 150,000-ton-per-year iron phosphate project via its wholly owned subsidiary Hubei Yihua New Energy Technology, according to a Shenzhen bourse filing on Tuesday.The investment is aimed at expanding the company's new energy materials business and extending its industrial chain, the filing said.Shares of Hubei Yihua Chemical Industry rose more than 1% in recent trade.

SHE:000422

Asia1d ago

Xiamen Tungsten Sues CMOC to Seek 116 Million Yuan in JV Dispute

Xiamen Tungsten (SHA:600549) seeks compensation of up to 116 million yuan from CMOC Group (HKG:3993, SHA:603993) after filing a lawsuit over a joint venture dispute, according to a Shanghai bourse filing on Tuesday.CMOC allegedly violated its agreed terms in its joint venture contract with the tungsten company by ceasing to supply tailings to joint venture, Luoyang Yulu Mining, causing the latter to suspend production.The Beijing Arbitration Commission has accepted the case.

HKG:3993SHA:600549SHA:603993

Asia1d ago

Korea Central Bank's Rate Hikes Factor in Inflation, Growth, Financial Stability, Deputy Governor Says

The Bank of Korea's decision on interest rates depends on a comprehensive assessment of inflation, economic conditions and financial stability, deputy governor Jang Jeong-su said in a press conference on Tuesday discussing the central bank's financial stability report.The central bank does not estimate a specific threshold for interest rate increases that will change the trend of the financial vulnerability index, which is used to measure financial stability, Jang said.Future financial stability will hinge on the degree of financial balance accumulation, financial market movements, global monetary policy changes, geopolitical risks and improvements in social income, according to Lim Kang-gyu, director general of the central bank's financial stability department.The rate hikes in July and August should help mitigate risks from accumulating financial imbalances, with the burden assessed as generally manageable, Lim said.

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Asia1d ago

Korea Zinc's US Smelter Project Clears Key Environmental Review

Korea Zinc's (KRX:010130) $7.4 billion U.S. smelter project has cleared a key environmental review after federal authorities found it would have no significant environmental impact, according to U.S. Department of War documents.The finding advances Project Crucible, an integrated smelting and refining facility planned in Clarksville, Tennessee.The project is targeting trial operations in 2029, with all processes expected to reach full operation in 2030.The facility is designed to produce 12 nonferrous metals, including 11 minerals designated as critical by the U.S. government, as well as semiconductor-grade sulfuric acid.

KRX:010130

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