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Encounter Resources Mobilizes Two Drill Rigs at Western Australia Project; Shares Up 4%

Encounter Resources (ASX:ENR) mobilized two drill rigs at the Aileron project in Western Australia as part of this year's exploration and pre-development program, according to a Tuesday filing with the Australian bourse.The air-core rigs will undertake 30,000 meters of infill drilling at the Green prospect for a mineral resource upgrade for starter pit areas and 40,000 meters of regional exploration drilling to target further discoveries, the filing said.A third rig will be mobilized to site to support pre-development activities in the coming months, per the filing.Shares rose nearly 4% in midday trade Tuesday.

ASX:ENR

Asia20d ago

Kaifeng Millennium City Park Files for Hong Kong IPO

Kaifeng Millennium City Park submitted an application for a Hong Kong initial public offering, according to an application proof filed with the stock exchange.The Henan-based company develops and operates cultural tourism attractions and live performance offerings in Kaifeng.According to the filing, its theme park recorded about 9.6 million visits in 2025, ranking fourth among individual theme parks in China and first among 5A-level tourist attractions in Henan Province.China Merchants Securities (HK) was appointed as the sole sponsor and overall coordinator for the proposed listing.The company reported revenue of 746 million yuan and profit of 212.4 million yuan in 2025.

Hang Seng

Asia20d ago

Yantai Dongcheng Pharmaceutical Unit Resubmits Hong Kong IPO Application

Yantai Dongcheng Pharmaceutical (SHE:002675) subsidiary Yantai Lancheng Biotechnology on June 12 resubmitted an application for an H-share initial public offering on the main board of the Hong Kong bourse, according to a Tuesday filing with the Shenzhen bourse.The listing remains subject to approvals from the China Securities Regulatory Commission, Hong Kong Securities and Futures Commission and Hong Kong bourse.Shares of the pharmaceutical company declined 1% in recent trade in Shenzhen.

SHE:002675

Asia20d ago

Valiant Gold's Drilling at Western Australia Mine Confirms Mineralization Extensions; Shares Gain 9%

Valiant Gold (ASX VAL) said assay results from its maiden drilling program at the South Emu-Trito mine in Western Australia confirmed mineralized extensions to around 400 meters below the existing resource, according to a Tuesday filing with the Australian bourse.The results include 34.2 meters at 2.97 grams per tonne grade of gold from nearly 1,008 meters; 9.5 meters at 1.71 g/t gold from 1044.5 meters; 10 meters at 1.27 g/t gold from 1064 meters; seven meters at 2.37 g/t gold from 1,078 meters; and 20.1 meters at 1.92 g/t gold, per the filing."We will now transition to infill drilling of the known orebody to support future upgrades of inferred material to indicated so that we can progress towards expanded mine planning and restart studies for future production at South Emu-Triton," said Valiant CEO Brendan Tritton.The company's shares gained 9% in recent Monday trade.

ASX:VAL

Asia20d ago

Southchip Semiconductor to Issue Convertible Bonds Worth 1.59 Billion Yuan; Shares Jump 8%

Southchip Semiconductor Technology (SHA:688484) plans to issue convertible bonds worth 1.59 billion yuan, according to a Shanghai bourse filing on Tuesday.The offering and subscription date is on Thursday, June 18.CITIC Securities Construction Investment is the lead underwriter of the issuance.The chipmaker's shares jumped 8% during the morning trade.

SHA:688484

Asia20d ago

Centuria Capital Group's Current Market Cap Fails to Capture Potential of ResetData Unit, Jefferies Says

Centuria Capital Group's (ASX:CNI) current AU$1.9 billion market capital fails to capture the growth potential of its Sovereign AI subsidiary, ResetData, Jefferies said in a Monday note.Although ResetData currently operates at a loss and is not expected to break even until fiscal 2029, a planned capacity expansion to 13 megawatts from 1.1 megawatts could change its financial profile, the financial services firm said.The expansion is expected to generate roughly AU$147 million in annualized revenue and AU$63 million in earnings before interest, taxes, depreciation, and amortization.Applying the valuation framework from global Neocloud peers yields a potential enterprise value for ResetData of between AU$404 million and AU$5.3 billion.However, the figures rely on a range of assumptions and do not explain how the company will fund the required capital for growth, according to Jefferies.The company currently owns only 50% of the business, but it retains a five-year call option to secure full ownership by 2029.Jefferies reaffirmed its buy rating and AU$2.50 price target on Centuria Capital Group.Centuria Capital Group shares fell nearly 1% in midday trade Tuesday.

ASX:CNI

Asia20d ago

Dimerix Signs Exclusive License Agreement for DMX-200 in Greater China, South Korea, Southeast Asia, Shares Surge 18%

Dimerix (ASX:DXB) entered into an exclusive license agreement with Everest Medicines for the commercialization of its phase 3 drug candidate DMX-200 in Greater China, South Korea, and certain Southeast Asian countries, according to a Tuesday Australian bourse filing.The company said it is eligible to receive upfront and potential success-based milestone payments of up to about AU$481 million, comprising an upfront payment of about AU$14.1 million, up to about AU$467 million in potential milestone payments, and tiered royalties on net sales.DMX-200 is being developed for the treatment of focal segmental glomerulosclerosis (FSGS), a rare kidney disease, with the agreement covering the Chinese mainland, Hong Kong, Macao, and Taiwan, South Korea, Singapore, Malaysia, Thailand, Indonesia, Vietnam, and the Philippines, the filing added.Across five transactions in total, Dimerix said it may be eligible to receive up to about AU$1.9 billion in aggregate upfront and potential milestone payments plus additional royalties on net sales, it added.The company's shares surged 18% in recent Tuesday trade

ASX:DXB

Asia20d ago

PARK24's Fiscal H1 Profit Soars 495%

PARK24's (TYO:4666) profit attributable to owners of the parent soared 495% to 29.7 billion yen in the fiscal first half from 4.98 billion yen a year earlier.The parking management company's net income per share increased to 160.25 yen from 26.68 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales rose 4.6% to 202.3 billion yen for the six months ended April 30 from 193.4 billion yen in the prior-year period.For the year ending Oct. 31, the company expects attributable profit of 44 billion yen, net income per share of 257.76 yen, and net sales of 411 billion yen.PARK24 plans to pay a final dividend of 65 yen per share, higher than the 30 yen per share paid last year.

TYO:4666

Asia20d ago

PC Gold Intersects High-Grade Gold Mineralization in Northern Territory Project; Shares Up 6%

PC Gold (ASX:PC2) intersected high-grade gold mineralization during recent drilling at the Link Zone and Macau footwall lode of its Spring Hill gold project in Australia's Northern Territory, according to a Tuesday Australian bourse filing.The results were up to 9.5 meters at 3.04 grams per tonne gold from 189.6 meters and 22 meters at 2.60 g/t gold from 164 meters.The newly reported results are not included in the mineral resource estimate currently being finalized, confirming additional resource growth potential beyond the upcoming update, the filing added.The company said it has entered into a conditional share purchase agreement to acquire 100% of Terracore Gold for AU$450,000 through the issue of PC Gold shares at AU$1.28 apiece, the filing added.The acquisition of the adjoining exploration licence increases PC Gold's landholding by about 68 square kilometers, securing highly prospective tenure along strike and immediately east of the Spring Hill gold project, it added.The company's shares rose 6% in recent Tuesday trade

ASX:PC2

Asia20d ago

Swoop Holdings Unit Secures Mobile Virtual Network Operator Deal With TPG Telecom

Swoop Holdings (ASX:SWP) said its subsidiary Moose Mobile has signed a wholesale mobile virtual network operator agreement with TPG Telecom (ASX:TPG), effective Tuesday, enabling access to TPG's nationwide mobile network, according to a same-day filing with the Australian bourse.The partnership is expected to increase the company's mobile gross margin by more than 50% between fiscal year 2027 and fiscal year 2029 through lower per-user costs, while growing its mobile subscriber base to over 180,000 from around 135,000 within three years, per the filing.The agreement is designed to enhance customer experience, expand market reach, strengthen mobile and national broadband network offerings, and support growth across residential, business, and wholesale segments, the filing added.Swoop's shares rose 2% in recent Tuesday trade, while TPG's shares fell 1%.

ASX:SWPASX:TPG

Asia20d ago

NZX Midday Sector Update: Miscellaneous Sector Soars, Communications Stocks Struggle

Miscellaneous shares gained the most on New Zealand's Exchange, rising past 4% on Tuesday.Shares of Marlin Global (NZE:MLN) surged more than 4% in recent trade.Meanwhile, communications shares fell nearly 2%.Shares of Spark New Zealand (NZE:SPK, ASX:SPK) drove the decline, falling roughly 3% in recent trade.

^NZ50ASX:SPKNZE:MLNNZE:SPK

Asia20d ago

J. Front Retailing's Revenue Slides 12% in May

J. Front Retailing's (TYO:3086) total consolidated revenue dropped 12.1% in May, according to a Monday filing on the Tokyo Stock Exchange.Sales at the department store fell 7.4% developer business sales declined 32%, but shopping centre business saw a 9.8% gain.Payment and finance segment sales grew 13.5%, while sales from other businesses edged up by 3.2%.

TYO:3086

Asia20d ago

Metallium Metals Completes First Multi-Unit Flash Joule Heating Commissioning Campaign at Texas Facility; Shares Down 4%

Metallium (ASX:MTM) completed its first multi-unit flash joule heating (FJH) reactor hot commissioning campaign at its technology development facility in Texas, with three FJH units successfully operated simultaneously during a 12-hour campaign, according to a Tuesday Australian bourse filing.The company said 18 successful batches were completed and about 0.3 tonnes of inert material processed during the campaign, with operating throughput broadly consistent with processing reactor feed volumes derived from several tonnes per day of incoming commercial feedstocks following preprocessing and upgrading.The campaign achieved 83% availability and about 100% utilization during active operation of the three simultaneous units, providing confidence in the robustness and scalability of the FJH operating platform, it added.The company's shares fell past 4% in recent Tuesday trade.

ASX:MTM

Asia20d ago

Tongguan Copper Foil Adds New Copper Supplier for Related-Party Purchases; Shares Up 2%

Anhui Tongguan Copper Foil (SHE:301217) adjusted the price of its related-party transactions for the year as it added Tongling Nonferrous as a new supplier of copper products, according to a Shenzhen bourse filing on Tuesday.The electronic copper foil maker previously planned to purchase copper wire only from Tongguan Copper Materials and Tongling Nonferrous.The estimated transaction prices for Tongguan Copper Materials and Tongling Nonferrous were adjusted after Tongling Nonferrous was added to the list.The total estimated price for the three related-party transactions is 6.17 billion yuan.The company's shares jumped nearly 2% in the morning trade Tuesday.

SHE:301217

Asia20d ago

Market Chatter: Kikkoman, Kagome Step Up India Expansion Plans

Japanese condiment makers Kikkoman (TYO:2801) and Kagome (TYO:2811) are expanding their focus on India as they seek growth opportunities in the country, Nikkei Asia reported.Kikkoman is considering building its first soy sauce factory in India in the 2030s, Chief Executive Shozaburo Nakano told Nikkei.Potential locations include Delhi, Chennai, and Bengaluru, according to the report.The company entered India's commercial seasoning market in 2020 and plans to introduce a dark soy sauce for household use as early as 2027, Nikkei reported.Separately, Kagome plans to increase procurement of locally grown tomatoes for processing and expand support for farmers producing varieties suited for sauces and other food products, according to the report.(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:2801TYO:2811

Asia20d ago

Goodman Group Declares Dividend

Goodman Group (ASX:GMG) declared a dividend of AU$0.15 per share for the six months ending June 30, according to a Tuesday Australian bourse filing.The dividend will be paid on Aug. 26 to holders of record as of June 30, the filing said.The company paid the same dividend in the prior corresponding period, an earlier filing showed.

ASX:GMG

Asia20d ago

Market Chatter: RedNote Operator Xiaohongshu Technology Preparing for Hong Kong Listing

Chinese social platform operator Xiaohongshu Technology is considering a Hong Kong listing with plans to confidentially file for an initial public offering by the end of this month, Bloomberg News reported Monday, citing people familiar with the matter.The firm operates RedNote, commonly referred to as China's Instagram, and the listing could be among the most high-profile IPOs in the city, the report said.The report cautioned that deliberations were ongoing and the IPO's details were yet to be finalized.(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

Asia20d ago

Anhui Tongguan Copper Foil Closes Three Projects, Adds 383 Million Yuan to Working Capital; Shares Up 3%

Anhui Tongguan Copper Foil (SHE:301217) will close three fundraising investment projects and permanently transfer 383.0 million yuan in surplus funds to working capital.The completed projects include the high-performance electronic copper foil technology center as well as 10,000-ton and 15,000-ton copper foil projects, according to a Tuesday filing with the Shenzhen bourse.The company cited cost controls, government subsidies and cash management returns as key reasons for the surplus.Shares of the copper producer rose 3% in recent trade.

SHE:301217

Asia20d ago

Atlas Arteria Says IFM Global Stake Increases to Over 38%

Atlas Arteria (ASX:ALX) said that IFM Global Infrastructure Fund subsidiary Diamond Infraco 1 and its affiliates raised their stake in the company to 38.26% from 34.48% as of Monday, according to a Tuesday Australian bourse filing.IFM Global now holds 555.3 million securities of the company, per the filing. A further 1.34% of securities are held by or on behalf of clients of IFM investors and/or IFM nominees in listed equities funds.Atlas Arteria previously rejected IFM's AU$5.10 per security off-market takeover bid.

ASX:ALX

Asia20d ago

Market Chatter: Mirae Asset Apologizes, Faces Wider Probe After Dropped SpaceX IPO Allocation

Mirae Asset Securites (KRX:006800) issued an apology to its investors following SpaceX's record $75 billion Nasdaq debut last week, Reuters reported Monday, citing a letter to clients.Earlier in June, Mirae Asset had raised $500 million via a private placement, which was expected to be used to allocate SpaceX IPO shares for its investors, Reuters reported, citing a source familiar with the matter.However, the U.S. lead underwriter left out Mirae Asset from the final allocation, the report said.Mirae Asset Securities co-CEOs Kim Mi-seob and Heo Sun-ho explained in a letter to clients that "no shares were ultimately allocated to us" by the lead underwriter.Subsequently, on Monday, South Korea's Financial Supervisory Service widened its investigation into Mirae Asset's failure to allocate SpaceX shares to investors, Bloomberg reported.The financial watchdog had begun probing the brokerage last week to determine whether investors who subscribed to SpaceX shares met eligibility requirements, Bloomberg said, citing sources familiar with the matter.(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.)

KRX:006800

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