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Goldlok Signs 3.6-Billion-Yuan Computing Power Deal

Goldlok Holdings Guangdong (SHE:002348) signed a five-year computing power services contract with an undisclosed customer, according to a Wednesday filing with the Shenzhen bourse.The 3.56 billion yuan agreement involves monthly service fees and could add 200 million yuan in 2026 revenue, though the company expects to remain loss-making.Shares of the electronic and electrical plastic toy producer closed 2% higher Wednesday.

SHE:002348

Asia17d ago

Poly Plastic Masterbatch Appoints CFO

Poly Plastic Masterbatch SuZhou (SHE:300905) appointed Yu Qiulai, the company's financial manager since October 2020, as chief financial officer.Yu succeeded Yuan Xiaofeng, who will remain as director and vice general manager, according to a Wednesday filing with the Shenzhen bourse.Shares of the chemical products maker closed 1% lower Wednesday.

SHE:300905

Asia17d ago

Market Chatter: Adani Green Energy in Early Talks for $1 Billion Offshore Loan

Adani Green Energy (NSE:ADANIGREEN, BOM:541450) is in early discussions to raise up to $1 billion through an offshore loan, Bloomberg reported Wednesday, citing people familiar with the matter.The company is seeking to raise a five-year dollar-denominated facility in two tranches over the next three months. The facility will be priced over the Secured Overnight Financing Rate (SOFR), the people told Bloomberg.Proceeds from the proposed borrowing are expected to be used for capital expenditure and other general corporate purposes.The discussions remain at a preliminary stage and terms may change, the report said.Adani Green Energy did not immediately respond to' request for comment.Shares of the company fell over 1% in recent 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.)

BOM:541450NSE:ADANIGREEN

Asia17d ago

Nomura Upgrades Sumitomo Osaka Cement to Buy from Neutral; Price Target is 7,060 Yen

Sumitomo Osaka Cement (TYO:5232) has an average rating of overweight and mean price target of 5,510 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

TYO:5232

Asia17d ago

Puravankara Acquires Land Parcel in Bengaluru, India

Puravankara (NSE:PURVA, BOM:532891) has acquired a 9.73-acre land parcel in North Bengaluru's Devanahalli corridor.The project has a development potential of about 890,000 square feet and an estimated gross development value of 8 billion rupees, according to an Indian bourse filing on Wednesday.Shares of the company rose over 1% in recent trade.

BOM:532891NSE:PURVA

Asia17d ago

Jefferies Adjusts Navin Fluorine International's Price Target to INR8,700 from INR8,385, Keeps at Buy

Navin Fluorine International (BOM:532504, NSE:NAVINFLUOR) has an average rating of overweight and mean price target of 7,417.41 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

BOM:532504NSE:NAVINFLUOR

Asia17d ago

Xingyun Technology's Subsidiary Signs 1.01 Billion Yuan Computing Power Service Deal

Xingyun Technology's (SHE:300209) subsidiary, Shenzhen Xingyun Holdings, entered into a 1.01 billion yuan computing power service agreement with a customer, according to a Shenzhen bourse filing on Wednesday.Shenzhen Xingyun will provide the services to the client within five years.The Chinese packaging production equipment manufacturer's shares jumped 9% at the close.

SHE:300209

Asia17d ago

China's Central Bank Announces Policy Support Measures, Hints at Shift to Overnight Policy Rate

Pan Gongsheng, governor of the People's Bank of China, on Wednesday announced six new financial policy measures at the 2026 Lujiazui Forum in Shanghai, including refining the short-term interest rate regulation mechanism, according to state media Xinhua News.The operational rates will be adjusted to the seven-day reverse repo rate plus or minus 25 basis points, narrowing the corridor from 70 to 50 basis points, Pan said.The governor added that the central bank will also enrich its open market operation tools by adding overnight reverse repo operations to better meet short-term liquidity needs in the banking system.Other measures include creating a repo facility for overseas central banks, studying a macro-prudential liquidity support tool for non-bank institutions, piloting offshore yuan forex trading in the Shanghai Free Trade Zone, issuing an action plan for offshore finance in Shanghai and launching the interbank market data repository.

Shanghai Composite^SZSE

Asia17d ago

Xingyun Technology Secures 30 Million Yuan Shareholder Loan to Bolster Operations

Xingyun Technology's (SHE:300209) actual controller, Wang Wei, agreed to provide a loan of 30 million yuan to the company to fund its daily operations and business development, according to a Shenzhen bourse filing on Wednesday.The loan will have an annualized interest rate of 2% and the term will not exceed 12 months.The Chinese packaging production equipment manufacturer's shares jumped 9% at the close.

SHE:300209

Asia17d ago

Toyota Shareholders Re-Elect Chairman

Toyota Motor (TYO:7203) shareholders cleared the proposed re-appointment of Akio Toyoda as chairman and the appointment of Chief Executive Officer Kenta Kon to the board, along with the re-appointment of four other directors.The proposed appointments, cleared by the board in April, sought shareholder backing at its annual general meeting on Tuesday.Meanwhile, former CEO Koji Sato stepped down from the board following the meeting, and the company said that it will continue to invest in growth areas, including artificial intelligence and robotics, Reuters reported Wednesday, quoting Toyota CEO Kon.

TYO:7203

Asia17d ago

Yuyue Medical Equipment Plans to Add New Services to Business Scope

Jiangsu Yuyue Medical Equipment & Supply (SHE:002223) plans to amend its articles of association to expand its business scope, according to a Shenzhen bourse filing on Wednesday.The medical equipment maker's business scope will include Internet-of-Things technology reserve and development, retail sales of computer software and hardware, and other technical services.

SHE:002223

Asia17d ago

CCOOP Completes Sale of Subsidiary

CCOOP Group (SHE:000564) completed the sale of subsidiary Changchun Meilifang Minsheng Shopping Center, according to a Shenzhen bourse filing on Wednesday.Huajing Lusheng (Tianjin) Enterprise Management acquired Changchun Meilifang for 1 yuan.Huajing Lusheng also paid a transaction deposit of 100,000 yuan to the Shanghai United Exchange and it was converted into the transaction's consideration.The department store operator's shares dipped 5% at the close.

SHE:000564

Asia17d ago

Hong Kong Stocks Continue Downward Slide; Six Firms File for IPO

Hong Kong stocks continued falling Wednesday as investors made bets on the U.S. policy outlook under newly appointed Federal Reserve Chair Kevin Warsh.The Hang Seng Index fell by around 181.79 points, or roughly 0.7%, to end at 24,312.16, while the Hang Seng China Enterprises Index decreased by 96.02 points, or 1.2%, to end at 8,144.03.Global markets will closely follow Warsh's comments on inflation, unemployment, and the economic outlook at his first post-Federal Open Market Committee press conference later in the day.In local development, Hong Kong's seasonally adjusted unemployment rate stood at 3.7% for the March to May period, unchanged from the previous three-month period. The underemployment rate also remained unchanged at 1.5%.In corporate news, six firms filed to go public in Hong Kong.Among the list were Lingyi iTech (Guangdong) (SHE:002600, HKG:1688) with plans to raise HK$8.26 billion; SG Micro (SHE:300661, HKG:3661), which is seeking to raise up to HK$4.60 billion; and Circuit Fabology Microelectronics Equipment (SHA:688630, HKG:9630), with a target of up to HK$3.24 billion.Indonesian miner Merdeka Gold Resources (IDX:EMAS, HKG:6228) is also looking to go public in Hong Kong to raise up to HK$2.39 billion, while Beijing Zhongke WengeAI Science and Technology (HKG:1956) said it was seeking up to HK$900 million and Keytop Parking (HKG:2272) said it was targeting HK$399.9 million.

Hang SengHKG:1688HKG:1956HKG:2272HKG:3661HKG:6228HKG:9630IDX:EMASSHA:688630SHE:002600SHE:300661

Asia17d ago

Western Securities to Pay First Year Interest of 1 Billion Yuan Bond

Western Securities (SHE:002673) plans to pay the first-year interest of a 1 billion yuan bond on Thursday, June 18, according to a Shenzhen bourse filing on Tuesday.The securities company's shares slipped 1% at the close of Wednesday's trade.The bond, which was issued on June 18, 2025, has a coupon rate of 1.85% and a term of three years, maturing June 18, 2028.

SHE:002673

Asia17d ago

Baolong Automotive's Controllers Raise Stake for 8 Million Yuan

Shanghai Baolong Automotive's (SHA:603197) controllers raised their holdings in the company for a consideration of around 8 million yuan, according to a Shanghai bourse filing on Wednesday.Chen Hongling and Zhang Zuqiu acquired an additional 279,700 shares, or 0.13% of the company's total shares, through centralized bidding.After the transaction, Chen and Zhang's stake, along with the concerted parties, rose to 27.24% from 27.11%.

SHA:603197

Asia17d ago

Ta Ann Discloses May Production Figures

Ta Ann (KLSE:TAANN) reported log production of 20,371 cubic metres for May, according to a Tuesday Malaysian bourse filing.Fresh fruit bunch output for the month stood at 51,650 metric tonnes, while crude palm oil production reached 25,792 tonnes. Palm kernel output came in at 5,480 tonnes.The plantation and timber group disclosed the figures.

KLSE:TAANN

Asia17d ago

Quanzhou Huixin Micro-Credit Disposes Of Shares in Chaozhou Three-Circle; Shares Surge 8%

Quanzhou Huixin Micro-Credit (HKG:1577) disposed of shares in Chaozhou Three-Circle (SHE:300408) in the open market on Tuesday for nearly 12.8 million yuan, according to a same-day Hong Kong bourse filing.Shares of moneylender Quanzhou Huixin Micro-Credit were up 8% in Wednesday afternoon trading.The sale came in order for the company to realize its investment in Chaozhou Three-Circle.The company will use proceeds for general working capital.

HKG:1577SHE:300408

Asia17d ago

Tongguan Gold Plans Share Buyback; Shares Climb 3%

Tongguan Gold Group (HKG:0340) intends to repurchase up to HK$300 million of shares in the company, according to a Tuesday Hong Kong bourse filing.Shares of the gold mining company were up 3% in Wednesday afternoon trading.The shares will be purchased from the open market from time to time.

HKG:0340

Asia17d ago

TVZone Media's Controlling Shareholder Considers Transfer of Company Control

TVZone Media (SHA:603721) is facing changes in control as its controlling shareholder, Changsha Broadcasting and Television Group, plans to transfer its company holdings, according to a Shanghai bourse filing on Wednesday.The plan is still uncertain.Trading of the media company's shares was suspended and is expected to resume after two trading days.

SHA:603721

Asia17d ago

China's Securities Regulator Approves Hangzhou IECHO Science & Technology's Corporate Bond Registration

China's securities regulator approved Hangzhou IECHO Science & Technology's (SHA:688092) registration of its corporate convertible bonds, according to a Wednesday filing with the Shanghai bourse.The 2.7 million bonds were first issued to existing shareholders.The remaining 232,848 bonds worth 232.8 million yuan received 33,649 lots in subscriptions worth 33.6 million yuan, with 457 lots forfeited worth 457,000 yuan.The sponsor, Guotai Haitong Securities (HKG:2611, SHA:601211) will then submit the bond registration.

HKG:2611SHA:601211SHA:688092

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