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Market Chatter: Iluvatar Reportedly Eyes AI Chip Sale Deal with ByteDance

Shanghai Iluvatar CoreX Semiconductor (HKG:9903) is in talks for the potential sale of AI chips for inference tasks to technology group ByteDance, Reuters reported Monday citing two people familiar with the matter.A similar supply deal with Baidu (HKG:9888) is also on the cards, the people said and Reuters reported. Details of both deals are yet to be finalized.Baidu, Iluvatar and ByteDance did not immediately respond to requests fromfor 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.)

HKG:9888HKG:9903

Asia21d ago

Kolli Murali Krishna, Gogineni Srinivas to Launch Open Offer for Senthil Infotek on June 18

Kolli Murali Krishna and Gogineni Srinivas will launch an open offer on June 18 to acquire up to 1.3 million equity shares of Senthil Infotek (BOM:531980) at 8 Indian rupees per share, according to a release filed by Synfinx Capital with Indian bourse filing on Saturday.The offer is for up to 26% of the company's voting capital, with a total value capped at about 10.5 million rupees, the filing said.Synfinx Capital is acting as the manager to the offer, according to the filing.The offer opens on June 18 and closes on July 2. Payment is scheduled for July 16. June 4 has been fixed as the record date for eligible shareholders.The offer follows a share purchase agreement dated April 8, under which the acquirers agreed to acquire a 62.90% stake, or around 3.2 million shares, from existing promoters at 5.50 rupees per share, for a total consideration of 17.5 billion rupees, the filing said.

BOM:531980

Asia21d ago

HBIS to Invest 4.8 Billion Yuan to Boost Laoting Steel Unit

HBIS (SHE:000709) will inject 4.8 billion yuan in cash into controlled subsidiary HBIS Laoting Steel to supplement capital and optimize financial structure.The move will raise HBIS Laoting Steel's registered capital to 25.2 billion yuan, increasing HBIS' stake to 83.26% from 80.21%, according to a weekend filing with the Shenzhen bourse.Shares of the iron and steel maker closed 1% higher Monday.

SHE:000709

Asia21d ago

Market Chatter: Hong Kong Bourse, Kazakhstan Financial Zone Urge Miners to Explore Dual Listings

Hong Kong Stock Exchange is working with the Astana International Financial Centre (AIFC) to encourage mining forms in Kazakhstan to consider a dual listing in Hong Kong, the South China Morning Post (SCMP) reported Monday.Hong Kong and AIFC reached an important milestone when various partnership contracts were signed earlier in June during Chief Executive John Lee Ka-chiu's Central Asia visit, the newswire reported citing AIFC governor Renat Bekturov.The partnerships involve "creating new channels through which capital, expertise, innovation and investment opportunities can move more efficiently between Hong Kong, Kazakhstan, and the wider Central Asian region," Bekturov said to the SCMP in an interview.Bekturov believes Hong Kong's role as an international fundraising platform will become increasingly relevant for Kazakh issuers, 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.)

Hang Seng

Asia21d ago

OFILM Group Completes Stake Transfer for Asset Acquisition

OFILM Group (SHE:002456) completed the transfer of a 28.2461% stake in OFilm Microelectronics Nanchang from Nanchang Chanmeng Investment Management.The move is part of a share issuance for asset acquisition, according to a weekend filing with the Shenzhen bourseWith the target assets now fully transferred, the company will issue new shares as consideration.Shares of the optoelectronic products manufacturer closed 3% higher Monday..

SHE:002456

Asia21d ago

Sanichi Technology Strikes Off Unit

Sanichi Technology (KLSE:SANICHI) unit Sanichi Glove has been struck off and dissolved, following publication of a notice in the government gazette on June 8, according to a Monday Malaysian bourse filing.As a result, Sanichi Glove Sdn Bhd has ceased to be a subsidiary of Sanichi Technology Berhad.

KLSE:SANICHI

Asia21d ago

Market Chatter: China to Launch Digital Payment Platform

China is preparing to launch its mBridge digital currency platform, which could reduce Beijing's reliance on the dollar and connect its Belt and Road partners, the Financial Times reported Monday, citing people familiar with the matter.An entity based in Hong Kong will supervise the platform's operations, backed by the central banks of China, Hong Kong, Thailand, the United Arab Emirates and Saudi Arabia, according to the newspaper.Preparations are still underway, but there is still no exact launch date, the FT 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^SZSE

Asia21d ago

Fitch Affirms China's Long-Term Issuer Default Rating at A

Fitch affirmed China's long-term issuer default rating at A as the country's economy shows growth potential in its transition toward its new growth drivers.The outlook on the rating is stable, according to a Monday note.The ratings reflect the country's resilient GDP outlook, improved price dynamics, and an expected "slightly contractionary" fiscal policy, among others.China is recovering from deflation, while its fiscal deficit is narrowing to about 7.3% of GDP in 2026 from 7.6% in 2025, Fitch said. Meanwhile, government debt is seen to reach nearly 80% of GDP by 2028, higher than the median of 58.6% for its A-rated peers.

Shanghai Composite^SZSE

Asia21d ago

Market Chatter: Hong Kong Listed Companies Chamber Urges Easier IPO Rules for Innovators

The Chamber of Hong Kong Listed Companies urged regulators to further ease listing requirements for innovative companies, saying lower barriers would help attract more technology firms to raise capital in the city, the South China Morning Post reported.Chairman Chan Ka-keung said Hong Kong Exchanges and Clearing's proposed "novelty test" for companies seeking weighted voting rights listings sets an overly high threshold and could exclude quality firms that were not the first to adopt a technology or business model, according to the report.Chan said Hong Kong should remain competitive with other listing venues in attracting innovative companies, the newspaper reported.The chamber also supports proposals to lower market capitalization requirements for weighted-voting-rights issuers and to allow confidential filing of listing applications, according to the report.Separately, the chamber launched the Hong Kong International Capital Markets Affairs Committee to help listing candidates understand local listing rules and support listed companies' fundraising efforts, 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.)

Hang Seng

Asia21d ago

Hong Kong Stocks Start Week Marginally Higher; Two Firms File to Go Public in Hong Kong

Hong Kong stocks began the week marginally higher as markets reacted to news of Iran and the U.S. reaching a preliminary deal to end hostilities and reopen the critical Strait of Hormuz.The Hang Seng Index rose by around 124.57 points, or roughly 0.5%, to end at 24,842.67, while the Hang Seng China Enterprises Index finished near flat, inching up 1.31 points, or 0.02%.U.S. President Donald Trump said on Truth Social on Monday that the deal with Iran would keep the Strait of Hormuz permanently open "toll-free" to shipping. He also authorized the immediate removal of the U.S. naval blockade from the key waterway.In local development, Hong Kong's index of industrial production for manufacturing industries increased 3.1% year over year in the first quarter of 2026, but was below the 5.8% expansion recorded in the previous quarter.By major sector, output volume was driven by a 6.6% rise in the metal, computer, electronic and optical products, machinery and equipment industry, while the food, beverages and tobacco sector grew by 2.1%.Elsewhere, the Chamber of Hong Kong Listed Companies urged regulators to further ease listing requirements for innovative companies, saying that lower barriers would help attract more technology firms to raise capital in the city, the South China Morning Post reported, citing comments from its chairman, Chan Ka-keung.In corporate news, two Chinese firms filed to go public in Hong Kong.Shaanxi Micot Pharmaceutical Technology (HKG:2335) said it was seeking HK$1.22 billion via the sale of 58.1 million H shares at an indicative maximum price of HK$21.00 per share. The biotechnology firm is raising funds to advance clinical development of its drug candidates.Meanwhile, Shanghai Seer Intelligent Technology (HKG:6106) is targeting as much as HK$1.07 billion with its offering of 10.5 million H shares at an indicative price of HK$101.60 per share. The robotics company will use proceeds to advance its technology and infrastructure.

Hang SengHKG:2335HKG:6106

Asia21d ago

Market Chatter: Taiwan's CPC to Keep Gas, Diesel Prices Unchanged Amid Inflation

Taiwan's state-owned oil supplier CPC, Taiwan will keep domestic gasoline and diesel prices unchanged for an 11th consecutive week, aiming to contain inflationary pressures amid ongoing geopolitical tensions, Focus Taiwan reported Saturday.The company said retail fuel prices from Monday through June 21 will remain at NT$32.4, NT$33.9 and NT$35.9 per liter for 92, 95 and 98-octane petrol, while diesel will stay at NT$31.0 per liter, according to the report.Although global crude prices have eased slightly this week, CPC noted that currency depreciation and earlier oil price spikes have offset the benefit. The company will continue to absorb fuel costs as part of its price-stabilization policy, the news outlet 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.)

Taiwan Weighted

Asia21d ago

SEPC Wins INR6.73 Billion Order for Burnpur Steel Expansion; Shares Jump 7%

SEPC (NSE:SEPC, BOM:532945) has secured an order worth 6.73 billion Indian rupees from Steel Authority of India, according to an Indian bourse filing on Monday.The order is part of Steel Authority of India's 4.08 MTPA crude steel expansion project. It covers two packages, a coke oven balance of plant package worth 2.97 billion rupees and a sinter plant balance of plant package valued at 3.77 billion rupees, it added.SEPC said the project will be executed over 30 to 33 months.Shares of the company jumped nearly 7% in recent trade.

BOM:532945NSE:SEPC

Asia21d ago

Zhejiang Jiemei Electronic And Technology to Invest 700 Million Yuan in New Electronic Materials Plant

Zhejiang Jiemei Electronic and Technology (SHE:002859) unit Zhejiang Jiemei Electronic Materials signed an investment contract to build a 700-million-yuan facility for high-end electronic component packaging materials.The 50,000-ton-per-year project is located in Anji County's Lingang Industrial Park in Zhejiang, China, according to a weekend filing with the Shenzhen bourse.Partial production is targeted for December 2028. Total project investment is 700 million yuan.The expansion aims to meet growing downstream demand, upgrade equipment, reduce costs and enhance green production through centralized facilities.Shares of the electronic components manufacturer closed 10% higher Monday.

SHE:002859

Asia21d ago

Market Chatter: Malaysia Investment Growth Expected to Ease Amid Global Uncertainty

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 Monday, citing UOB (Malaysia).The bank attributed the softer outlook to geopolitical tensions, energy price swings, and ongoing cost pressures that could dampen investor sentiment.It expects total approved investments in 2026 to trend closer to the three-year average of about 382 billion ringgit, though AI-led demand and supply chain diversification into ASEAN are likely to provide support, according to the report.In the first quarter, Malaysia recorded 92.8 billion ringgit in approved investments, slightly below 93 billion ringgit a year earlier. Foreign investments made up 60.5% of total approvals, led by Japan, China, the US, Singapore, and Thailand, while services remained the dominant sector, the news outlet 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.)

FTSE Bursa Malaysia KLCI

Asia21d ago

Singapore Exchange to Launch OTC Gold-Clearing System in 2026

The Singapore Exchange plans to establish an over-the-counter (OTC) gold clearing system for Loco Singapore this year, the Monetary Authority of Singapore said Monday.Major banks such as JPMorgan Chase & Co., DBS Group Holdings (SGX:D05), Oversea-Chinese Banking Corporation (SGX:O39), United Overseas Bank (SGX:U11), ICBC Standard Bank, and Deutsche Bank AG will act as clearing members, with plans for inter-bank trading expected to be operational from 2027, the release said.These banks will work with the Singapore Exchange to enhance the Loco Singapore gold market, improve price discovery, and build trading activities, it said.The Monetary Authority of Singapore will introduce central bank gold vaulting services by October.Shares of Oversea-Chinese Banking Corporation added over 1%, while those of United Overseas Bank increased about 1% at market close.

^STISGX:D05SGX:O39SGX:U11

Asia21d ago

Steel Exchange India Gets Regulatory Nod for TMT Bars Supply in Amaravati Projects; Shares Jump 6%

Steel Exchange India (NSE:STEELXIND, BOM:534748) said it has received approval from the Andhra Pradesh Capital Region Development Authority (APCRDA) for use of its SIMHADRI TMT (Thermo-Mechanically Treated) steel bar, in Amaravati capital city projects, according to a Monday filing on Indian exchanges.The approved products include Fe500D, Fe550, Fe550D and Fe550D CRS grades for use in ongoing and upcoming construction works under APCRDA, the filing said.Shares of the company jumped nearly 6% in recent trade.

BOM:534748NSE:STEELXIND

Asia21d ago

Shanghai Pharmaceuticals Gets Nod for Manufacturing of Roxadustat Capsules

Shanghai Pharmaceuticals (SHA:601607, HKG:2607) received a drug registration certificate from China's National Medical Products Administration for the manufacturing of Roxadustat capsules, according to a Shanghai bourse filing on Saturday.The pharmaceutical company's Hong Kong shares rose 1% during Monday's afternoon trade.The drug is used for the treatment of anemia caused by chronic kidney disease.

HKG:2607SHA:601607

Asia21d ago

Mirae Secures KRW2.7 Billion Chip Inspection Equipment Supply Contract

Mirae (KRX:025560) secured a supply agreement for semiconductor inspection equipment from Chinese semiconductor manufacturer Yangtze Memory Technologies, the South Korean equipment and chip mounted manufacturer said in a Monday filing with the Korean Exchange.The contract, valued at 2.7 billion won, is valid until Aug. 31, the filing said.Shares of Mirae fell more than 7% at market close.

KRX:025560

Asia21d ago

US-Iran Peace Deal Boosts Chinese Shares; Guangxi Energy Jumps 6%

Chinese shares ended Monday's session with gains, buoyed by an improvement in global investor sentiment following the announcement of a peace agreement between the U.S. and Iran.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 1.6% to 4,096.47. The Shenzhen Component Index surged 3.8% to 15,531.11.According to Pakistani Prime Minister Shehbaz Sharif, whose country is acting as a neutral intermediary, both Washington and Tehran have declared an "immediate and permanent cessation" of military activities across all fronts, including Lebanon. The official signing ceremony is scheduled for June 19."The development is supporting equities and AI-led equity optimism remains intact," Reuters cited Wee Khoon Chong, APAC Macro Strategist at BNY, as saying.Meanwhile, China's Commerce Ministry expressed "strong dissatisfaction and firm opposition" to the U.S. government's inclusion of several large Chinese firms in a list of entities aiding the Asian country's military.Beijing called on Washington to stop its "erroneous practices" and provide non-discriminatory treatment to Chinese firms.In company news, Guangxi Energy (SHA:600310) plans to acquire 33.7% of Guangxi Guangtou Qiaogong Energy Development for 1.05 billion yuan. Shares of the electricity service provider closed 6% higher Monday.

Shanghai Composite^SZSE

Asia21d ago

HBM Holdings Unit Wins US Patent Verdict Against Amgen

HBM Holdings (HKG:2142) said a U.S. jury found in favor of its unit Harbour Antibodies in a patent infringement lawsuit against Amgen and its subsidiary Teneobio, according to a Monday Hong Kong bourse filing.The jury in the U.S. District Court for the District of Delaware found that Amgen infringed a patent covering Harbour Antibodies' antibody discovery platform, that the infringement was willful, and that the patent is valid.The jury awarded Harbour Antibodies damages of about $20.2 million, representing the full amount sought at trial.HBM said the finding of willful infringement allows Harbour Antibodies to seek enhanced damages, which could raise the award to as much as $60.6 million if granted in full by the court.

HKG:2142

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Asia21d ago

Hong Kong Stocks Start Week Marginally Higher; Two Firms File to Go Public in Hong Kong

Hang SengHKG:2335HKG:6106