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Gansu Jiu Steel Group Hongxing Iron & Steel Terminates Bankruptcy Proceedings for Ex-Subsidiary

Gansu Jiu Steel Group Hongxing Iron & Steel (SHA:600307) terminated bankruptcy proceedings for former subsidiary Jiugang Group Yicheng Iron & Steel after the disposal of the former unit's assets, according to a Tuesday filing with the Shanghai bourse.The former subsidiary, which was 90% controlled by the listed company, entered bankruptcy proceedings in 2018.

SHA:600307

Asia19d ago

Market Chatter: Sify Infinit Spaces Defers INR37 Billion IPO Amid Weak Market Conditions

Sify Infinit Spaces has put its planned 37 billion Indian rupee initial public offering on hold amid weak stock market conditions, Bloomberg reported Tuesday, citing people familiar with the matter.The India-based data center operator was reportedly targeting a valuation of up to $4.2 billion in the proposed share sale.The company may revisit the initial public offering when market conditions improve, the people told Bloomberg.(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.)

^BSENifty 50

Asia19d ago

Lisi Group Forecasts Higher Full-Year Profit

Lisi Group (HKG:0526) expects a net profit of at least 115 million yuan for the year ended March 31, up from 35.7 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.The household product maker attributed the forecast to a decline in a valuation loss from the revaluation of investment properties, as well as lower impairment losses on financial and contract assets.

HKG:0526

Asia19d ago

Far East Discloses May Production Figures

Far East (KLSE:FAREAST) reported fresh fruit bunch production of 20,093 metric tonnes for May, according to a Tuesday Bursa Malaysia filing.Crude palm oil output for the month stood at 3,967 metric tonnes, while palm kernel production totaled 957 metric tonnes.The plantation group did not provide year-on-year comparisons.

KLSE:FAREAST

Asia19d ago

Thelloy Development Forecasts Narrower Fiscal-Year Loss

Thelloy Development Group (HKG:1546) expects a net loss of up to HK$35 million for the year ended March 31, compared with a net loss of HK$51.4 million a year prior, according to a Tuesday Hong Kong bourse filing.The construction company attributed the forecast to a higher revenue and gross profit, a lower share of losses of joint ventures, and a rise in other income from the construction innovation and technology fund.

HKG:1546

Asia19d ago

Allied Telesis Holdings Board Approves 250 Million Yen Share Buyback Program

Allied Telesis Holdings K.K (TYO:6835) board approved a share buyback program to repurchase up to 1 million common shares, representing 0.96% of its outstanding shares, for a consideration of up to 250 million yen, according to a Tokyo Stock Exchange filing on Tuesday.The Japan-based networking infrastructure provider said that the buyback will run between June 17 and July 17 through market purchase on the Tokyo Stock Exchange.The buyback is intended to implement a flexible capital policy and enhance shareholder returns.

TYO:6835

Asia19d ago

DutaLand Unit Discloses May FFB Production Figures

DutaLand (KLSE:DUTALND) unit Pertama Land & Development recorded fresh fruit bunch (FFB) production of 379.55 metric tonnes for May, according to a Tuesday Bursa Malaysia filing.The oil palm cultivation company did not provide comparative figures or additional breakdowns for the period.

KLSE:DUTALND

Asia19d ago

Henlius Biotech's Trial of Macular Degeneration Drug Meets Primary Endpoint

Shanghai Henlius Biotech's (HKG:2696) phase 3 study of HLX04-O in patients with wet age-related macular degeneration met its primary study endpoint, according to a Tuesday filing with the Hong Kong bourse.HLX04-O had a good safety profile, with similar overall, ocular and non-ocular safety results compared to ranibizumab.The drug is a new ophthalmic preparation product developed based on Hanbeitai, the exclusive rights of which for ophthalmic treatment and therapy worldwide have been granted by the company to Essex Bio-Technology (HKG:1061) and Zhuhai Essex Bio-Pharmaceutical.The company has an agreement to co-develop the relevant product with Essex Bio-Technology.

HKG:1061HKG:2696

Asia19d ago

Jarden Research Adjusts Sonic Healthcare's Price Target to AU$22.30 from AU$21.90, Keeps at Neutral

Sonic Healthcare (ASX:SHL) has an average rating of hold and mean price target of AU$22.89, 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)

ASX:SHL

Asia19d ago

Indian Equities Extend Rally on Thursday as Peace Deal Optimism Supports Risk Appetite

Indian benchmark indices ended higher on Tuesday, extending gains for a third straight session as improving global sentiment and lower crude oil prices continued to support buying across sectors.The BSE Sensex rose 544.15 points, or 0.7%, to close at 76,808.48, while the NSE Nifty 50 gained 135.25 points, or 0.6%, to settle at 23,989.15.The proposed U.S.-Iran peace agreement lifted sentiment across markets as easing energy supply concerns pushed crude oil prices lower. Investors are now awaiting the formal signing of the deal, which is expected to bring an end to the conflict in the Gulf region.In corporate developments, Tata Consultancy Services (NSE:TCS, BOM:532540) said it expects to record an additional one-time charge of $70 million in the first quarter of fiscal 2027 related to its ongoing legal dispute with DXC Technology. The disclosure follows the U.S. Supreme Court's decision not to review the case.Bharti Airtel (NSE:BHARTIARTL, BOM:532454) incorporated a wholly owned subsidiary, Airtel Global IFSC, in Gujarat International Finance Tec-City. The new entity will operate as a finance company focused on global corporate treasury activities and other permitted services.

^BSENifty 50BOM:532454BOM:532540NSE:BHARTIARTLNSE:TCS

Asia19d ago

Gold Circuit Unit Awards Plant Construction Project Worth 187.5 Million Yuan

Gold Circuit Electronics (TPE:2368) unit Suzhou Gold Circuit Electronics picked the contractor for a plant construction project on its self-owned land.The contract worth 187.5 million yuan was awarded to Tongzhou General Construction Group, according to a Tuesday Taiwan Exchange filing.The project is aimed at supporting production and operational requirements.

TPE:2368

Asia19d ago

Shanghai Shyndec Pharmaceutical Gets China Approval for Glaucoma Drops

China's drug regulator approved Shanghai Shyndec Pharmaceutical's (SHA:600420) tafluprost eye drops, according to a Tuesday filing with the Shanghai boures.The drops help lower intraocular pressure in patients with open-angle glaucoma and ocular hypertension.

SHA:600420

Asia19d ago

StemRIM to Register Russian Patent of Drug Candidate for Fatty Liver Disease

StemRIM (TYO:4599) will soon register its medical use patent in Russia for its regeneration-inducing drug candidate for the treatment of fatty liver and non-alcoholic steatohepatitis.The Redasemtide patent, jointly filed with Osaka University and Niigata University, is intended to expand the drug's indications and secure development potential in Russia, according to a Tokyo bourse filing on Tuesday.Fatty liver and NASH, which can progress to cirrhosis or liver cancer, lack effective drug treatments and are expected to increase with rising obesity and diabetes rates, the statement said.

TYO:4599

Asia19d ago

Koshidaka Board Approves Dissolution, Liquidation of Singapore Unit

Koshidaka (TYO:2157) said Tuesday that its board approved the dissolution and liquidation of its Singapore unit, Koshidaka International, according to a Tokyo Stock Exchange filing on Tuesday.The Japanese leisure services company noted that its wholly owned subsidiary, which served as the holding company to manage its overseas operations, has a share capital of SG$21.3 million.The company expects no losses from the dissolution, and the impact on its financial performance is expected to be minimal.

TYO:2157

Asia19d ago

Hopson Development Logs 737 Million Yuan in May Contracted Sales

Hopson Development Holdings (HKG:0754) recorded contracted sales of around 737 million yuan in May, according to a Tuesday filing with the Hong Kong bourse.Of the total, property and decoration contracted sales stood at 627 million yuan and 110 million yuan, respectively.For the five months ended May 31, contracted sales reached roughly 2.79 billion yuan, comprising 2.37 billion yuan and 422 million yuan property and decoration contracted sales, respectively.Gross floor area for the five months was approximately 144,012 square meters, with an average selling price of 16,440 yuan per square meter.

HKG:0754

Asia19d ago

City Developments Unit Bags SG$542 Million Residential Project in Singapore

A joint venture involving a City Developments (SGX:C09) subsidiary on Tuesday officially secured a residential development project in Singapore, according to a same-day filing.City Developments' CDL Constellation and Garden Estates will acquire and develop the Peck Hay Road site at a tender price of SG$542.4 million under an 80/20 partnership deal.Singapore's Urban Redevelopment Authority awarded the project following a joint tender submitted June 11.

SGX:C09

Asia19d ago

Career Design Center Raises Year-End Dividend

Career Design Center's (TYO:2410) raised its final dividend forecast for fiscal year 2026 to 160 yen per share from the 130 yen initially expected, according to a Tokyo bourse filing.The human resources firm said the revised payout consists of an ordinary dividend of 140 yen, plus a special dividend of 20 yen, according to a Tokyo bourse filing on Tuesday.This follows a stronger-than-expected first-half performance and record-high net sales and profits across all levels in the cumulative third quarter.

TYO:2410

Asia19d ago

Fraser and Neave Buys Back Shares

Fraser and Neave (SGX:F99) bought back 50,000 shares in the open market on Tuesday for SG$72,095, according to a same-day filing with the Singapore Exchange.The food and beverage company can buy back up to 102 million shares. To date, it has bought back nearly 1.4 million shares.

SGX:F99

Asia19d ago

GKE's Unit to Acquire Land in UAE

GKE's (SGX:595) subsidiary, G K E Logistics Services, signed a non-binding letter of intent with Jebel Ali Free Zone to lease a plot of land to construct and operate a general goods warehouse and a chemical storage warehouse in the UAE1, according to a Tuesday filing with the Singapore Exchange.The property spans an area of around 61,881 square meters, with the logistics company signing a 25-year lease, with an option to extend for another 25.

SGX:595

Asia19d ago

Bharti Airtel Incorporates Finance Unit in GIFT City

Bharti Airtel (NSE:BHARTIARTL, BOM:532454) has incorporated a wholly-owned subsidiary, Airtel Global IFSC, in Gujarat International Finance Tec-City (GIFT City), Gujarat, according to a Tuesday filing.The telecom operator subscribed to the initial share capital of the new entity for 20 million rupees in cash.Airtel Global IFSC has been incorporated as a finance company to undertake Global Corporate Treasury Centre activities and other permitted operations, the filing said.

BOM:532454NSE:BHARTIARTL

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