Financial News · Live Terminal

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Chinese Regulators Warn Shanxi Meijin Energy Chairman for Failure to Disclose Fund Usage

Securities regulators in China's Shanxi province issued a warning letter against Shanxi Meijin Energy (SHE:000723) Chairman Yao Jinlong and other officials for failing to disclose fund usage.Yao will be able to appeal the ruling within 60 days, according to a Saturday filing with the Shenzhen bourse.

SHE:000723

Asia21d ago

Toyokumo's Preliminary Sales Climbs 31% in May

Toyokumo (TYO:4058) posted a preliminary monthly sales of 511 million yen in May, up 31% from the same month a year earlier, according to a Monday filing on the Tokyo Stock Exchange.Cumulative sales for the first five months of fiscal year 2026 reached 2.4 billion yen, a 30% increase year on year.

TYO:4058

Asia21d ago

Dear Life Acquires Two Income-Producing Condo Properties in Tokyo

Dear Life (TYO:3245) has acquired two income-producing condominiums in Katsushika-ku, Tokyo, namely DeLCCS Kameari II (2-chome) and DeLCCS Kameari III (4-chome) at undisclosed prices.Both acquisitions were funded through internal capital and bank borrowings, though the purchase prices and seller identities cannot be disclosed due to confidentiality agreements, according to a Tokyo bourse filing on Monday.

TYO:3245

Asia21d ago

Market Chatter: HDFC Bank Begins Search for New CFO

HDFC Bank (NSE:HDFCBANK, BOM:500180) has started searching for a new chief financial officer as the tenure of current CFO Srinivasan Vaidyanathan is set to end in October, Moneycontrol reported, citing sources.The bank has approached senior industry executives for the role and may not extend Vaidyanathan's term, according to the report.The search started after the recent departure of Bhavin Lakhpatwala, a long-serving HDFC Bank executive who joined RBL Bank as CFO, Moneycontrol said. He was considered a potential successor to Vaidyanathan, the report added.Vaidyanathan could receive a one-year extension if the selection process remains unresolved, 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.)

BOM:500180NSE:HDFCBANK

Asia21d ago

Largan Precision Buys Machinery Worth NT$648 Million

Largan Precision (TPE:3008) acquired machinery worth NT$647.6 million from Hans Laser Technology Industry Group (SHE:002008).The machinery was purchased between Sept. 4, and June 15, for production use, according to a Monday Taiwan Exchange filing.

SHE:002008TPE:3008

Asia21d ago

Vedanta Group Demerger Shares List on Indian Exchanges

Shares of four Vedanta Group companies including, Vedanta Aluminium Metal (NSE:VAML, BOM:544780), Vedanta Power (NSE:VEDPOWER, BOM:544781), Vedanta Oil & Gas (NSE:VOGL, BOM:544782) and Vedanta Iron & Steel (NSE:VISL, BOM:544784), started trading on Indian exchanges on Monday, marking the completion of the group's demerger, according to separate stock exchange filings by the demerged entities.The restructuring splits Vedanta into sector-focused companies, each operating independently.The listing follows a 1:1 demerger structure, under which shareholders received one share in each of the demerged entities for every Vedanta (NSE:VEDL, BOM:500295) share held prior to the restructuring, Live Mint reported Monday.Based on debut prices, the combined implied value of the demerged entities stands at 943.5 rupees per share of the original Vedanta stock, compared with 773.25 rupees before the demerger, according to the report.The demerger was approved by the National Company Law Tribunal in December 2025, Mint said.Vedanta Aluminium, Vedanta Oil & Gas and Vedanta Iron & Steel fell around 5% in Monday's trade. Vedanta Power fell over 2%.

BOM:500295BOM:544780BOM:544781BOM:544782BOM:544784NSE:VAMLNSE:VEDLNSE:VEDPOWERNSE:VISLNSE:VOGL

Asia21d ago

Tasuki Upgrades to TSE Prime Market Segment

Tasuki (TYO:166A) said its market segment has been upgraded from the Tokyo Stock Exchange's Growth Market to the Prime Market, effective Monday, according to a same-day bourse disclosure.The Tokyo Stock Exchange's Prime Market is designed for large, globally competitive companies with high liquidity and rigorous corporate governance standards.The Growth Market serves as an incubator for emerging firms with high growth potential, albeit with shorter operating histories and fewer compliance obligations.

TYO:166A

Asia21d ago

Yamaichi Electronics' Subsidiary Fully Recovers from Ransomware Attack, No Data Leak Found

Yamaichi Electronics (TYO:6941) has completed the investigation and full system recovery following an April 17 ransomware attack on its Philippine subsidiary, Pricon Microelectronics.External cybersecurity experts confirmed the incident was limited to certain servers at the subsidiary, with no impact on critical systems in Japan or elsewhere in the group, a Tokyo bourse filing on Monday showed.While some data loss occurred, recovery via backups was successful, and log analysis found no evidence of external information leakage, including customer or employee data.The affected systems were rebuilt and returned to normal operation on April 29, with ongoing monitoring detecting no further suspicious activity.

TYO:6941

Asia21d ago

Midland Holdings Forecasts 20-Year High Interim Profit

Midland Holdings (HKG:1200) expects its attributable profit for the six months ending June 30 to increase significantly year-over-year to reach a 20-year high, according to a Monday Hong Kong bourse filing.The real estate brokerage company attributed the forecast to a significantly higher pre-tax profit of Midland Realty and Hong Kong Property, a growth in overall market share, and improved operating efficiency.For the five months ended May 31, the company recorded profit before tax of about HK$300 million, up 69% compared to HK$178 million in the six months ended June 30, 2025.

HKG:1200

Asia21d ago

Malaysian Shares Extend Gains on US-Iran Peace Deal; Sanichi Technology Rallies 7%

Malaysian shares extended gains to end in the green on Monday, mirroring regional gains. The investor sentiment was positive after the US and Iran signed a peace deal, brokered by Pakistan, to reopen the Strait of Hormuz.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 6.06 points to end 0.5% higher at 1,691.39.In local news, the Construction Industry Development Board Malaysia, CIDB Malaysia, appointed Ahmad Farrin Mokhtar as its new chief executive, effective June 8.Malaysia may struggle to surpass its record 431.1 billion ringgit in investment approvals seen in 2025, with growth expected to moderate this year, The Star reported, citing UOB (Malaysia). The bank attributed the softer outlook to geopolitical tensions, energy price swings, and ongoing cost pressures that could dampen investor sentiment.In corporate news, shares of Sanichi Technology (KLSE:SANICHI) jumped over 7% on Monday's close after its unit Sanichi Glove was struck off and dissolved, following publication of a notice in the government gazette on June 8.Shares of Kerjaya Prospek (KLSE:KERJAYA) gained over 3% on clos after its unit Kerjaya Prospek (M) accepted a 529.3 million ringgit building contract from BRDB Developments for a residential project in Kuala Lumpur, Malaysia.

FTSE Bursa Malaysia KLCIKLSE:KERJAYAKLSE:SANICHI

Asia21d ago

Yili Chuanning Biotechnology to Use Own Funds for Industrial Park Project Payment

Yili Chuanning Biotechnology (SHE:301301) plans to use self-owned funds to pay certain expenses for its green recycling industrial park project.Subsequently, the company will replace the equivalent amount with fundraising funds, according to a Monday filing with the Shenzhen bourse.Lead underwriter Changjiang Securities approved the arrangement.

SHE:301301

Asia21d ago

Origin Property Opens ORI-W2 Warrants Conversion

Origin Property Public Company (BKK:ORI) announced that holders of ORI-W2 warrants can exercise their rights on June 30, at an exercise price of 4 baht per share.The notification period for the exercise runs from June 23 to June 29, according to a Monday Thailand Exchange filing.The warrants carry a 1:1 conversion ratio into ordinary shares.

BKK:ORI

Asia21d ago

Market Chatter: Three Japanese Shipbuilders Said to Revive Domestic LNG Carrier Production by 2035

Imabari Shipbuilding, Kawasaki Heavy Industries (TYO:7012) and Namura Shipbuilding (TYO:7014) plan to jointly resume building liquefied natural gas carriers in Japan around 2035, Nikkei Asia reported Monday.The effort, which may incorporate South Korean technologies, will pool expertise and skilled welders to build three to five vessels annually, with Kawasaki Heavy's Sakaide yard as a central hub.Japan, which has not built an LNG carrier domestically since a final delivery in 2019, is also considering government subsidies for potential buyers to support the initiative amid rising geopolitical risks, 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.)

TYO:7012TYO:7014

Asia21d ago

Ascentage Pharma Presents 17 Clinical Updates at European Hematology Meeting

Ascentage Pharma Group International (HKG:6855) presented 17 clinical updates from core assets at the 31st Congress of the European Hematology Association, including eight poster presentations, according to a Monday Hong Kong bourse filing.The presentations included data from ongoing clinical studies of olverembatinib and lisaftoclax at the conference held in Stockholm, Sweden, from June 11 to June 14.

HKG:6855

Asia21d ago

Toyota Books 1.2 Trillion Yen Non-consolidated Gain from Sale of Toyota Industries Stake

Toyota (TYO:7203) expects to record a non-consolidated gain of 1.206 trillion yen and an estimated consolidated gain of 576.9 billion yen following the final sale of its entire 24.66% stake in Toyota Industries(TYO:6201).The transaction was completed through a share repurchase by Toyota Industries after the necessary squeeze-out procedures were finalized, according to a Tokyo bourse filing on Monday.The actual consolidated gain came in slightly lower than the 600 billion yen initially projected when the deal was announced in March, while the impact has already been incorporated into Toyota's consolidated forecast for the current fiscal year, which the company disclosed on May 8.

TYO:6201TYO:7203

Asia21d ago

Zhejiang Wanfeng Auto Wheel to Acquire Stakes in Aircraft Maker

Zhejiang Wanfeng Auto Wheel (SHE:002085) will acquire stakes in Wanfeng Aircraft Industry from Qingdao Wansheng Chengfeng Equity Investment Partnership through public listing, according to a Saturday filing with the Shenzhen bourse.The company will purchase a 28.05% stake in the aircraft maker for 2.01 billion yuan and another 6.95% stake for 497.2 million yuan.

SHE:002085

Asia21d ago

Singapore Airlines' Passenger Traffic Rises 4.9% in May

Singapore Airlines' (SGX:C6L) group passenger traffic was up 4.9% year on year in May, according to a Monday filing on the Singapore Exchange.The airline's passenger capacity increased 5.3%, while the group's passenger load factor came in at 86%, with its flagship carrier, Singapore Airlines, logging a passenger load factor of 84.6% and low-cost unit Scoot reporting 91.2%.By the end of May, the group's passenger network covered 135 destinations in 35 countries. Meanwhile, its cargo network spanned 138 destinations across 36 countries and territories.Scoot also launched passenger services to Belitung, Indonesia, in May, according to the filing.

SGX:C6L

Asia21d ago

Singapore Shares Surge on US-Iran Deal; VibroPower Surges 25%

Singapore shares surged on Monday, tracking regional gain as investors' sentiment was boosted by the US and Iran's deal to reopen the Strait of Hormuz.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,061.05 and 5,095.12 throughout the day. It ended the session at 5,077.29, up 51.49 points or 1% compared to Friday's close.In economic news, Singapore's total employment increased by 9,400 in the first quarter, extending its growth streak to 18 consecutive quarters, according to a Ministry of Manpower report.On the corporate front, shares of VibroPower (SGX:BJD) surged over 25% at the close as it granted an option to purchase its Tuas Avenue 16 industrial property to Ecorecycling for SG$3.9 million.Global Testing (SGX:AYN) surged nearly 8% as it completed all regulatory requirements for its capital reduction exercise, leading the way for cash distribution to entitled shareholders.Meanwhile, shares of Annica Holdings (SGX:JFQ) closed nearly 3% higher as it secured a commercial solar-hydrogen project in Sarawak, Malaysia.

^STISGX:AYNSGX:BJDSGX:JFQ

Asia21d ago

CarTrade Tech Launches Used-Car Platform

CarTrade Tech (NSE:CARTRADE, BOM:543333) said it has launched CarTrade Used Auto platform to expand its presence in India's used-car market, according to a Monday filing on Indian bourses.The platform combines strengths of CarWale and OLX India businesses, the filing said. It brings together buying, selling, exchange and financing services on a single system, it added.CarTrade also introduced "SuperDost", a toolset aimed at supporting pricing, vehicle evaluation and matching services for used-car transactions.The company said its platforms together handle about 65 million monthly users and engage with around 3 million used-car sellers and 20 million buyers annually.Shares of the company fell nearly 1% in recent trade.

BOM:543333NSE:CARTRADE

Asia21d ago

Chengdu Xingrong Environment Unit Awards 262-Million-Yuan Contract to Related Party Consortium

Chengdu Xingrong Environment (SHE:000598) controlled subsidiary Renewable Resources Company has awarded a 261.8-million-yuan design-construction contract for a waste incineration treatment project through public tender.The winning consortium includes related party Chengdu Environmental Engineering Construction, whose portion of the contract is valued at 184.8 million yuan, according to a weekend filing with the Shenzhen bourse.The 2,050-ton-per-day project in Chengdu, China has a 396-day design- construction period.Shares of the water utilities and environmental services company closed 1% lower Monday.

SHE:000598

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