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Market Chatter: Reliance Industries Likely to File for Jio Infocomm in Next Few Days

Reliance Jio Infocomm, the telecom unit of Indian conglomerate Reliance Industries (NSE:RELIANCE, BOM:500325), is said to be filing draft papers for its expected $4 billion initial public offering (IPO) soon, the Financial Times reported on Wednesday, citing sources.The announcement might be made before Reliance Industries' chairman Mukesh Ambani's annual speech to shareholders on Friday.Reliance Jio did not immediately respond to' request for comment.As per the news report, in August last year, Reliance Group head Mukesh Ambani told shareholders that the telecom company's IPO would come in the first half of 2026.(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:500325NSE:RELIANCE

Asia18d ago

China Education Prices $200 Million Bond Offering

China Education Group (HKG:0839) priced a $200 million bond offering to refinance existing debt, according to a Wednesday filing with the Hong Kong bourse.The firm plans to issue 5.625% bonds due 2029 at 98.96% of their face value.The bonds are expected to be rated BBB by S&P Global, and will be listed on the Hong Kong Stock Exchange, the firm said.

HKG:0839

Asia18d ago

GreenX Metals Complets Mineralogy, Processing Study for Germany Copper Project

GreenX Metals (ASX:GRX) completed an early-stage mineralogy and processing study for its Tannenberg copper project in Germany, according to a Wednesday Australian bourse filing.The study showed that the copper is predominantly hosted in chalcocite with additional bornite, chalcopyrite, and covellite, typical of Kupferschiefer mines in Poland, and that Tannenberg mineralization is consistent with producing Kupferschiefer copper-silver mines.A review by an independent metallurgist from MSA Mining Consulting UK confirmed the potential suitability for a conventional flotation-based processing route, as used at KGHM's operations.

ASX:GRX

Asia18d ago

GCash Parent Mynt Prepares for Potential IPO

Mynt, the fintech company behind GCash, said its board and shareholders have authorized the filing of a registration statement with the Securities and Exchange Commission and a listing application with the Philippine Stock Exchange for a potential initial public offering.The proposed IPO will cover up to 12% of Mynt's total outstanding capital stock post-listing, comprising both primary and secondary shares, with each common share carrying a par value of 0.03 Philippine pesos, according to a Wednesday press release.Backed by shareholders including Globe Telecom (PSE:GLO), Ayala Corporation (PSE:AC) and Ant Group, Mynt said the planned listing remains subject to regulatory approvals, market conditions, and other customary requirements.

PSE:ACPSE:GLO

Asia18d ago

Novonix to Raise Nearly AU$21 Million Through Placement; Targets AU$3 Million Share Purchase Plan; Shares Fall 25%

Novonix (ASX:NVX) secured firm commitments for about AU$20.7 million through a share placement to institutional investors priced at AU$0.16 per share, according to a Wednesday filing with the Australian bourse.The company is also launching a non-underwritten share purchase plan at the same price. The plan will run from June 22 to Aug. 14, and will raise about AU$3 million before costs if it is fully subscribed.As the share purchase plan entails a higher discount than the maximum 20% allowed, it is subject to either a waiver of ASX listing rules or shareholder approval, the company said.Novonix plans to use the aggregate proceeds for capital expenditure to support production capacity and meet customer demand forecasts.The company's shares fell 25% in recent Wednesday trade.

ASX:NVX

Asia18d ago

MicroPort MedBot's Toumai Surgical Robot Exceeds 300 Orders

Shanghai MicroPort MedBot (HKG:2252) said its Toumai laparoscopic surgical robot has received more than 300 commercial orders worldwide, according to a Wednesday filing with the Hong Kong bourse.The company said new Toumai orders in the first half of 2026 have already surpassed the total for all of 2025.

HKG:2252

Asia18d ago

Kafelaku Coffee Seeks HK$21.4 Million Via Stock Offering

Kafelaku Coffee (HKG:1869) said it was looking to raise HK$21.4 million via a stock offering, according to a Tuesday filing with the hong Kong bourse.The company is seeking buyers for around 282.1 million shares priced at HK$0.076 each to raise funds to repay debt and reduce liabilities.The shares represent 20% of the company's issued share capital and 16.7% as enlarged by the offering.Shares of the coffee chain operator surged 34% in recent trade.

HKG:1869

Asia18d ago

Minieye Technology Wins Procurement Contract For Driverless Vehicles

Minieye Technology (HKG:2431) said it would supply 1,000 driverless logistics vehicles under a cooperation agreement with an enterprise located in Wuxi City, according to a Tuesday filing with the Hong Kong bourse.The procurement contract will help further expand the company's market share in driverless vehicles and supporting solutions, Minieye said.

HKG:2431

Asia18d ago

Victory Metals Says Western Australia Project Pilot Plant Delivers Around 7.1% TREO Concentrate

Victory Metals (ASX:VTM) said the pilot plant at its North Stanmore project in Western Australia delivered an around 7.1% grade of total rare earth oxide (TREO) concentrate from a feed grade of 1,195 parts-per-million (ppm) comprising 40% heavy rare earth oxides (HREO), according to a Wednesday Australian bourse filing.The concentrate includes 2,777 ppm of dysprosium oxide, 479 ppm of terbium oxide, and 1.77% by weight of yttrium oxide.The flotation feed was prepared as a composite of 65 one-meter samples collected between 14 meters and 58 meters downhole from 25 drill holes across the North Stanmore deposit.The result was achieved in a continuously fed circuit operating at around 12 times the scale of previous flotation test work on North Stanmore ore. Victory will move to produce larger volumes of its heavy rare earth-enriched concentrate for supply to potential offtake partners.Its shares rose 2% in recent trading on Wednesday.

ASX:VTM

Asia18d ago

Elsa's Shares Rise 20% on ACE Market Debut

Elsa (KLSE:ELSA) shares rose about 20% on its ACE Market debut on Wednesday.The IPO comprised a public issue of 118.4 million new shares at 0.23 ringgit apiece, and an offer for sale of 36.4 million existing shares.Proceeds will be used to expand its oilfield services, digital solutions, and robotics capabilities.

KLSE:ELSA

Asia18d ago

Jiangsu Sidike New Materials Science & Technology Invests 565 Million Yuan in Film Production Plant

Jiangsu Sidike New Materials Science & Technology (SHE:300806) is investing 565 million yuan to build an annual 1.2 billion-square-meter high-end MLCC release film production facility in Jiangsu, China.The project aims to boost mid-to-high-end capacity to 80% of total output, with ultra-high-end products under 1 micrometer exceeding 10% of capacity, according to a Tuesday filing with the Shenzhen bourse.Shares of the manufacturer of general protective materials and adhesive products declined 1% in recent trade.

SHE:300806

Asia18d ago

Altair Minerals Says Auger Drilling at Guyana Prospect Increases Confidence That Soil Anomalies Are Reflective of Underlying System

Altair Minerals (ASX:ALR) said auger drilling completed at the South Oko prospect, part of the Greater Oko project in Guyana, to an average depth of 2.5 meters, showed enrichment into the regolith profile, increasing confidence that the soil anomalies are reflective of an underlying system, according to a Wednesday Australian bourse filing.Across a 350-meter-wide section, the average soil anomaly response was 9 parts-per-million (ppm) grade of gold, while the average auger anomaly response was 70 ppm grade of gold right below laterite cover.Auger results also extended the W1 Geochemical target by around 250 meters. A regional and extensional soil sampling program has begun across South Oko.Relogging and remodelling of historic diamond drill holes at the North Peters prospect identified a potential structurally controlled mineralized system.

ASX:ALR

Asia18d ago

Stealth Group Sees 14% Growth in Fiscal 2026 Sales; Shares Up 42%

Stealth Group Holdings (ASX:SGI) said it expects to deliver fiscal 2026 preliminary unaudited sales of AU$165 million, up nearly 14% year over year, and revenue of AU$146 million, up 5.8% like for like, according to a Wednesday Australian bourse filing.The company also expects earnings before interest, taxes, depreciation, and amortization (EBITDA) of AU$14.3 million, representing an over 44% growth, and net profit after tax of AU$5.8 million, up past 87%.It said it was on track to achieve its fiscal 2028 target of AU$500 million in annual sales and an EBITDA margin of 8% to 12%.The company's shares climbed nearly 42% in recent trading on Wednesday.

ASX:SGI

Asia18d ago

UEM Sunrise, ITG Australia to Develop AU$315 Million Build-to-Rent Project in Melbourne

UEM Sunrise (KLSE:UEMS) signed a deal with ITG Australia TS Sub to develop a build-to-rent project in Collingwood, Melbourne, with a total transaction value of AU$315.4 million.The group will sell 5,390 square meters of freehold site for AU$47.3 million, while undertaking development works valued at AU$268.1 million under a fund-through structure.The project comprises 407 apartments across two buildings and is scheduled for completion in phases through 2030.Deal completion is subject to regulatory and planning approvals, and construction is targeted to begin in early 2027, the property developer said.

KLSE:UEMS

Asia18d ago

Kelly Partners Group Walks Away From Eurofast International Deal

Kelly Partners Group Holdings (ASX:KPG) said it decided not to proceed with a planned acquisition of Cypriot business advisory firm Eurofast International after the target asked for a "materially large" additional upfront payment, according to a Wednesday filing with the Australian bourse.The completion of the deal was delayed due to the size and complexity of due diligence, and the request for the additional upfront payment did not meet Kelly Partners' acquisition criteria."Our experience is that entering into partnerships requires cooperation and similar views and without these, successful execution is difficult," the company said.Kelly Partners Group shares rose 1% in recent Wednesday trade.

ASX:KPG

Asia18d ago

Yangjie Electronic Technology Secures Nine-Month EU Exemption from Sanctions; Shares Up 5%

Yangzhou Yangjie Electronic Technology (SHE:300373) secured a conditional nine-month exemption from European Union sanctions under Resolution (CFSP) 2026/1333, according to a Tuesday filing with the Shenzhen bourse.The exemption allows the power semiconductor wafers manufacturer to honor contracts signed before April 23 through Dec. 31. It also permits E.U. industries to procure critical components from the company until March 16, 2027, to ensure supply chain diversification.The reprieve follows appeals from European automotive clients.Shares of Yangzhou Yangjie Electronic Technology rose 5% in recent trade.

SHE:300373

Asia18d ago

ValueMax Targets Up to SG$120 Million Through Commercial Paper Offering

ValueMax (SGX:T6I) is seeking to raise up to SG$120 million through the issuance of three-month commercial paper in digital securities on the SDAX and ADDX exchanges, according to a Tuesday filing with the Singapore Exchange.The pawnbroker plans to raise up to SG$50 million via bonds listed on ADDX and up to SG$70 million via bonds on SDAX.The bonds carry a 3.3% annual interest rate and will mature three months from issuance.

SGX:T6I

Asia18d ago

Lopal Tech Taps Equity Markets For Jintan Project Fund Raise

Jiangsu Lopal Tech (SHA:603906, HKG:2465) said it was seeking to raise funds to advance its Jintan project via an equity offering, according to a Wednesday filing with the Hong Kong bourse.The company is seeking investors for 15 million shares priced HK$13.09 apiece for net proceeds of HK$193.7 million.The shares represent 12.50% and 1.93% of the company's issued H shares and total shares and 11.11% and 1.90% as enlarged by the offering, respectively.The funds are earmarked for a high-tap density lithium iron phosphate production base in Jintan, Jiangsu. Funds will also be used to repay prior borrowings.

HKG:2465SHA:603906

Asia18d ago

Boss Energy Says Texas Project Drilling Confirms Uranium Mineralization; Shares Up 3%

Boss Energy (ASX:BOE) said enCore Energy's ongoing drilling at Alta Mesa East, a part of the Alta Mesa joint venture (JV) in Texas, confirmed the presence of uranium mineralization, according to a Wednesday Australian bourse filing.Boss Energy owns a 30% stake in the JV, while enCore is the manager and holds a 70% stake.Drilling at Alta Mesa East, adjacent to the Alta Mesa well fields and extraction operations, discovered mineralization within sands at an average depth between 400 feet and 460 feet, and within sands between 480 feet and 520 feet, the company said.A drill hole intersected 8.5 feet of mineralization grading nearly 0.2% of triuranium octoxide, for a grade thickness of 1.7, from a depth of 487 feet.Boss Energy's shares rose nearly 3% in recent trading on Wednesday.

ASX:BOE

Asia18d ago

Aditya Birla Capital Raises INR11 Billion Through Debenture Allotment

Aditya Birla Capital (NSE:ABCAPITAL, BOM:540691) has allotted non-convertible debentures worth 11 billion Indian rupees on a private placement basis in two tranches to multiple investors, according to a Tuesday filing to the Indian stock exchanges.The company's shares were down nearly 1% in early trade on Wednesday.In the first tranche, the company raised 5 billion Indian rupees through the allotment of 50,000 secured, rated, listed, and redeemable non-convertible debentures with a face value of 100,000 rupees each. These carry a coupon rate of 8.26% per annum and are scheduled to mature on June 16, 2031.Through the second tranche, the company raised 6 billion rupees by the allotment of 60,000 non-convertible debentures of a face value of 100,000 rupees each. This series carries a coupon rate of 8.10% per annum, maturing on Sept. 7, 2029.

BOM:540691NSE:ABCAPITAL

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