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Corun New Energy Names Vice Chairman

Hunan Corun New Energy (SHA:600478) appointed Li Zhuo vice chairman, according to a Shanghai bourse filing on Tuesday.Li served as vice general manager of the company.The Chinese hybrid powertrain systems manufacturer's shares jumped 8% at the close.

SHA:600478

Asia19d ago

LAC Medical Supplies Wins MYR79 Million Ministry of Health Contract

LAC MED (KLSE:LACMED) unit LAC Medical Supplies secured a letter of award worth 78.9 million ringgit for the supply and delivery of chemical pathology reagents to 10 Health Ministry hospitals in Kedah, Malaysia.The four-year contract covers an "instrument placement" arrangement for reagents and related testing materials, with deliveries based on actual hospital usage, according to a Tuesday Malaysian bourse filing.The agreement runs from June 15, 2026, to June 14, 2030, and is expected to contribute positively to company earnings.

KLSE:LACMED

Asia19d ago

Xiamen Bank Gets Chinese Central Bank's Nod to Issue Capital Replenishment Bonds

Xiamen Bank (SHA:601187) received approval from China's central bank to issue capital replenishment bonds, according to a Shanghai bourse on Tuesday.The bond's additional outstanding balance will be up to 10 billion yuan and a total outstanding balance of 11.4 billion yuan.The lender's shares fell 2% at the close.

SHA:601187

Asia19d ago

SSY Group Gets Production, Registration Nod for Infection Drug in China

SSY Group (HKG:2005) obtained production and registration approval for Cefpodoxime Proxetil for Suspension from China's National Medical Products Administration, according to a Tuesday Hong Kong bourse filing.The move came after the drug was regarded as passing the regulator's consistency evaluation, the pharmaceutical company said.The drug is used to treat infections caused by susceptible bacteria, including upper and lower respiratory tract, uncomplicated urinary tract, and uncomplicated skin and soft tissue infections.The drug also treats acute uncomplicated gonococcal urethritis and cervicitis, as well as perianal inflammation caused by Neisseria gonorrhoea.

HKG:2005

Asia19d ago

South Korean Shares Extend Rally as Reopening of Strait of Hormuz Boosts Sentiment

South Korean markets extended their rally for a fourth consecutive session on Tuesday, driven by investor optimism following a landmark agreement between the U.S. and Iran to end hostilities and reopen the Strait of Hormuz.The benchmark Korea Composite Stock Price Index, or Kospi, increased by 2.1%, or 180.62 points, to close at 8,726.6. The Kosdaq decreased by 1.5%, or 15.35 points, to end at 1,018.68.In economic news, South Korea's export prices surged 46.9% year over year in May, while import prices increased 24.8%, according to preliminary data released by the Bank of Korea on Tuesday.The net barter terms of trade index rose 18.7% in May from the same period last year.In corporate news, Chong Kun Dang Pharmaceutical (KRX:185750) plans to invest a total of 392.5 billion won to build a research and demonstration center for biopharmaceutical research and development in Baegot-dong, Siheung-si, according to a Tuesday filing with the Korea Exchange.The investment will be made from June 11, 2026, to Aug. 31, 2028.Shares of Chong Kun Dang Pharmaceutical rose more than 3% at market close.

^KOSDAQKOSPIKRX:185750

Asia19d ago

Hengtong Optic-Electric Plans to Spin Off Subsidiary for Shanghai Listing

Hengtong Optic-Electric (SHA:600487) plans to spin off its subsidiary, Jiangsu Hengtong Huahai Technology, to be listed on the Shanghai Stock Exchange's STAR Market, according to a Shanghai bourse filing on Tuesday.The Chinese fiber optic cable manufacturer's shares jumped 8% at the close.

SHA:600487

Asia19d ago

UGRO Capital Allots Commercial Papers Worth INR150 Million

Non-banking finance company UGRO Capital (NSE:UGROCAP, BOM:511742) has allotted commercial papers worth 150 million Indian rupees, according to a Monday filing to the Indian stock exchanges.The commercial papers were issued at 489,029.50 rupees for each security of face value of 500,000 rupees.The securities, which are proposed to be listed, are issued at a tenure of 92 days and are scheduled to mature on Sept. 15.

BOM:511742NSE:UGROCAP

Asia19d ago

Aichi Steel Board Approves Treasury Share Disposal Under Restricted Stock Remuneration Plan

Aichi Steel's (TYO:5482) board approved the disposal of 11,933 treasury shares at 3,115 yen per share, totaling 37.2 million yen under its restricted stock remuneration plan.The shares were allocated to four directors, excluding outside directors, and four managing executive officers as part of the company's remuneration plan, according to a Tuesday filing on the Tokyo Stock Exchange.The disposal will be completed on July 17.

TYO:5482

Asia19d ago

Jiangyin Hengrun Heavy Industries Proposes 1 Billion Yuan Bond Issuance

Jiangyin Hengrun Heavy Industries (SHA:603985) proposed to issue bonds of up to 1 billion yuan, according to a Shanghai bourse filing on Tuesday.The bond would have a term of up to five years.

SHA:603985

Asia19d ago

Shanghai Wanye Enterprises Says Profilometer Product Still in Early Stages; Shares Up 5%

Shanghai Wanye Enterprises (SHA:600641) clarified media reports about its non-contact profilometer product, which is intended for applications in ultra-precision machining and inspection.The company said while the technology has reached a research and development milestone, it has not yet secured orders or generated revenue, according to a Tuesday filing with the Shanghai bourse.Shares of the semiconductor equipment company climbed 5% in recent trade.

SHA:600641

Asia19d ago

Market Chatter: Enflame Tech Gets Nod for Shanghai IPO

Shanghai Enflame Technology obtained approval for an initial public offering on the Shanghai Stock Exchange's STAR board, according to Bloomberg News on Monday, citing a prospectus from the company.The chipmaker, which is backed by Tencent (HKG:0700), plans to raise up to 6 billion yuan from the IPO, according to the report.Proceeds from the IPO will be used for the development and production of artificial intelligence cloud chips, the report 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.)

Shanghai Composite^SZSEHKG:0700

Asia19d ago

Li Auto Grants Share Options, RSUs

Li Auto (HKG:2015) granted 35 million share options and 5.6 million restricted share units (RSUs) to various grantees on Monday, according to a same-day Hong Kong bourse filing.Shares of the auto company were down over 1% in Tuesday afternoon trading.Of the total, 35 million share options were granted to two directors and one senior management member, while nearly 5.6 million restricted share units (RSUs) were granted to one director and 99 employees.The options are exercisable into 17.5 million American Depositary Shares (ADSs), representing 1.62% shares in the company, at $14.380 per ADS.The RSUs represent the same number of shares, representing 0.26% of the company's issued share capital.

HKG:2015

Asia19d ago

Major Shareholder Trims True Stake by Additional 2.7%

True (BKK:TRUE) said major shareholder Charoen Pokphand Group (BKK:CPF) and its affiliates have continued to reduce their stake, selling an additional 2.706% of the telecom operator to UBS AG London Branch.The latest transaction follows a prior disposal of about 4.7% earlier this year, as part of a broader plan to divest up to 10% of True's issued shares, according to a Monday Thailand Exchange filing.Charoen Pokphand will sell the remaining 2.585% stake to UBS once administrative formalities are completed, while maintaining its position as a long-term major shareholder, the filing said.

BKK:CPFBKK:TRUE

Asia19d ago

RF Materials Issues Rights Offering

RF Materials (KOSDAQ:327260) issued a rights offering of 500,000 registered common stock with a par value of 500 won, the compound semiconductor packages manufacturer said in a Tuesday filing with the Korean Exchange.The shares have a final issue price of 52,500 won.

KOSDAQ:327260

Asia19d ago

ChangYuan Technology to Sign Supply Chain Cooperation with Related Party

ChangYuan Technology (SHA:600525) plans to sign a cooperation framework agreement with related party Zhuhai Gree Supply Chain Management.Zhuhai Gree Supply Chain Management will provide a revolving 200-million-yuan credit line to ChangYuan Technology subsidiary Zhuhai Winner Technology for the procurement of raw materials.The company will provide joint liability guarantees for Zhuhai Winner Technology's obligations.

SHA:600525

Asia19d ago

Market Chatter: BHP, Rio Tinto Bet on India for Future Steel Demand Growth

Mining majors BHP Group and Rio Tinto are turning focus toward India, viewing it as a key driver of future steel demand as growth in China slows, Bloomberg reported on Tuesday.Executives from both companies said rising steel capacity and infrastructure-led demand in India could support global iron ore consumption over the coming years.BHP's group sales and marketing officer Michiel Hovers said Indian steelmakers are expanding capacity, calling the trend "real" and already "happening".India is positioning itself as a major steel producer, with a government target of 500 million tonnes of output by 2047, compared with 165 million tonnes produced last year, according to the report.While per-capita steel use in India remains well below China, rapid urban development and public infrastructure spending are expected to sustain long-term demand growth, creating opportunities for iron ore and coal suppliers, Bloomberg noted.Rio Tinto chief commercial officer Bold Baatar said future demand growth in steel will increasingly come from India and other emerging markets, helping offset weaker trends in China, Bloomberg reported.BHP, Rio Tinto did not immediately respond to' request for comment.(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

Changjiang Securities to Issue 2 Billion Yuan Bonds

Changjiang Securities (SHE:000783) plans to issue bonds worth 2 billion yuan, according to a Shenzhen bourse filing on Monday.The Chinese financial services provider's shares rose 1% during Tuesday's afternoon trade.The issuance period was between June 12 and June 15.The final offline issuance size of the bond was 1 billion yuan, with a coupon rate of 1.94% and a subscription multiple of 3.03 times.

SHE:000783

Asia19d ago

China Eastern Airlines' Passenger Capacity Falls in May

China Eastern Airlines' (SHA:600115, HKG:0670) available seat kilometers, which measure passenger capacity, fell 5.3% year on year in May, according to a Hong Kong bourse filing on Monday.Revenue passenger kilometers, an indicator for combined passenger traffic, decreased 3.6% from a year earlier during the month.Cargo capacity, measured through available freight tonne kilometers, decreased 4.1% from a year earlier.Cargo and mail traffic, measured through revenue freight tonne kilometers, increased 7.4% from a year earlier.The airline added six aircraft during the month and retired two, bringing its fleet size to 827 aircraft at the end of May.

HKG:0670SHA:600115

Asia19d ago

CIMC Buys Back HK$127 Million in Shares

China International Marine Containers, or CIMC, (SHE:000039, HKG:2039) completed its second batch of H-share repurchases, buying back 14.2 million shares at HK$127 million between May 26 and June 15.Together with the first batch, CIMC has repurchased a total of nearly 80 million H shares, according to a Tuesday filing with the Shenzhen bourse.Shares of the shipping equipment provider were down 2% in recent trade.

HKG:2039SHE:000039

Asia19d ago

Kamigumi Board OKs Performance-Linked Restricted Stock Plan for Directors

Kamigumi (TYO:9364) board approved a performance-linked stock compensation plan for directors, linking officer compensation, company performance, and shareholder value, according to a May 19 filing on the Tokyo Stock Exchange.The integrated logistics services company said that the new plan, subject to shareholder approval at the June 26 general meeting, will cap the annual compensation for directors at 200 million yen, with up to 16,000 shares issued or transferred each year.Under the new framework, directors will receive shares and cash payments based on the achievement of performance targets set under the medium-term management plan.The first performance evaluation period will run from the fiscal year ending March 2027 through March 2030, and the performance metrics will include consolidated return on equity and total shareholder return.

TYO:9364

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