Financial News · Live Terminal

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Global Invacom to Raise SG$5 Million for Satellite Technology Expansion; Shares Plunge 15%

Global Invacom (SGX:QS9) is targeting to raise up to SG$4.9 million for satellite technology expansion via a renounceable partially-underwritten rights issue of up to 140 million shares at SG$0.035 per share, according to a Monday filing with the Singapore Exchange.Shares of the communications company tumbled over 15% in Tuesday's late-morning trading.Soochow Singapore Capital Markets has already agreed to underwrite 116 million shares, while Maybank Securities has been nominated as a sub-underwriter.

SGX:QS9

Asia19d ago

Market Chatter: Hong Kong Listed Companies Group Pushes to Improve Stock Liquidity

The Chamber of Hong Kong Listed Companies is stepping up efforts to address low trading activity in many Hong Kong-listed stocks, arguing that limited liquidity is making it more difficult for companies to conduct secondary fundraising, Bloomberg News reported Monday.Chairman KC Chan said the chamber plans to work with more than 1,000 listed companies, including overseas issuers, to help broaden investor engagement and market visibility, according to the report.A newly formed advisory group within the chamber will provide support to companies pursuing fundraising activities in Hong Kong, the report added.(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.)

Hang Seng

Asia19d ago

Fitch Affirms ENN Natural Gas' Long-Term Foreign-Currency Issuer Default Rating at BBB

Fitch Ratings affirmed ENN Natural Gas' (SHA:600803) long-term foreign-currency issuer default rating at BBB on the benefits of stake ownership in ENN Energy (HKG:2688), strong geographic diversification, gas purchase advantages, and healthy finances.ENN Natural Gas owns a 34.26% stake in ENN Energy.Fitch expects retail gas sales volume to rise in low single digits in the 2026-2029 period after registering a 1.5% retail growth in 2025, the debt watcher said in a note Tuesday.The natural gas company expects higher margins from its platform gas sales amid the effects of the war in Iran, while ENN Energy's gas distribution division could only see mild pressure on dollar margins.ENN Natural Gas also faces greater price and volume risks compared with city-gas distribution, Fitch said.

HKG:2688SHA:600803

Asia19d ago

Market Chatter: Vision Fund Finance Chief to Leave SoftBank

SoftBank Group's (TYO:9984) investment arm Vision Fund's chief financial officer, Navneet Govil, who has been with the technology giant for around a decade, is set to leave the group, according to a Reuters report on Tuesday citing an internal memo.Alex Clavel, chief executive officer of SoftBank Investment Advisers, said in the memo that details regarding transition responsibilities will be disclosed in due course, Reuters reported.Govil, chief financial officer of SoftBank Investment Advisers, joined SoftBank in 2016 before the launch of the group's first Vision Fund.The memo described Govil as "a valuable partner across the business" as the organization navigated significant market volatility and transformation.(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.)

TYO:9984

Asia19d ago

EuBiologics Secures KRW30 Billion Cholera Vaccine UNICEF Contract

South Korean biopharmaceutical company EuBiologics (KOSDAQ:206650) secured a contract from UNICEF for the supply of oral cholera vaccines Euvichol/Euvichol-S, according to a Tuesday filing with the Korea Exchange.The contract, valued at 29.8 billion won, is valid until Aug. 14.Shares of EuBiologics fell over 6% in recent trade.

Financial News · Live Terminal

Global Invacom to Raise SG$5 Million for Satellite Technology Expansion; Shares Plunge 15%

Market Chatter: Hong Kong Listed Companies Group Pushes to Improve Stock Liquidity

Fitch Affirms ENN Natural Gas' Long-Term Foreign-Currency Issuer Default Rating at BBB

Market Chatter: Vision Fund Finance Chief to Leave SoftBank

EuBiologics Secures KRW30 Billion Cholera Vaccine UNICEF Contract

Chongqing Iron & Steel Gets Shanghai Bourse's Nod for Share Placement Plan; Shares Down 4%

Yantai North Andre Juice Eyes Control of Yongqiang Technology

Alcoa Shares Slide After Ratification of US Labor Agreement With United Steelworkers Union

Kingworld Medicines Unit Terminates MoU for Proposed Acquisition

Air China's Passenger Capacity Falls in May

Ride-Hailing Platform Go Jumps 21% in Tokyo Trading Debut

China Southern Airlines' Passenger Capacity Falls 2.9% in May

Racura Oncology Raises AU$34 Million to Fund Three Clinical Trials; Shares Up 3%

Yida China Logs 35 Million Yuan in May Contracted Sales

Market Chatter: Hong Kong Insurance Regulator Warns of Action Over Rule Evasion

Sugi's All-Store Net Sales Up 9.3% in May

Market Chatter: India's REITs, InvITs May See Up to INR11.6 Trillion Inflows by 2030

Trek Metals Launches Maiden RC Drilling at Western Australia Project; Shares Up 13%

Wah Wo Holdings Warns of Swing to Full-Year Loss

Market Chatter: China Evergrande's Liquidators to Challenge HK Regulator's HK$1 Billion Compensation Deal With PwC

Global Invacom to Raise SG$5 Million for Satellite Technology Expansion; Shares Plunge 15%

Market Chatter: Hong Kong Listed Companies Group Pushes to Improve Stock Liquidity

Fitch Affirms ENN Natural Gas' Long-Term Foreign-Currency Issuer Default Rating at BBB

Market Chatter: Vision Fund Finance Chief to Leave SoftBank

EuBiologics Secures KRW30 Billion Cholera Vaccine UNICEF Contract

Chongqing Iron & Steel Gets Shanghai Bourse's Nod for Share Placement Plan; Shares Down 4%

Yantai North Andre Juice Eyes Control of Yongqiang Technology

Alcoa Shares Slide After Ratification of US Labor Agreement With United Steelworkers Union

Kingworld Medicines Unit Terminates MoU for Proposed Acquisition

Air China's Passenger Capacity Falls in May

Ride-Hailing Platform Go Jumps 21% in Tokyo Trading Debut

China Southern Airlines' Passenger Capacity Falls 2.9% in May

Racura Oncology Raises AU$34 Million to Fund Three Clinical Trials; Shares Up 3%

Yida China Logs 35 Million Yuan in May Contracted Sales

Market Chatter: Hong Kong Insurance Regulator Warns of Action Over Rule Evasion

Sugi's All-Store Net Sales Up 9.3% in May

Market Chatter: India's REITs, InvITs May See Up to INR11.6 Trillion Inflows by 2030

Trek Metals Launches Maiden RC Drilling at Western Australia Project; Shares Up 13%

Wah Wo Holdings Warns of Swing to Full-Year Loss

Market Chatter: China Evergrande's Liquidators to Challenge HK Regulator's HK$1 Billion Compensation Deal With PwC