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Market Chatter: CXMT Secures Approval for 29.5 Billion Yuan Shanghai IPO

China's securities regulator approved the initial public offering registration of dynamic random-access memory chipmaker CXMT Corp, Xinhua News Agency reported Friday.CXMT plans to raise 29.5 billion yuan through a listing on Shanghai's STAR Market, which would rank as the second-largest listing of the STAR Market and the largest on China's A-share market this year.(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

Accent Group Says Frasers Group's Takeover Proposal Carries No Premium to Last Closing Price; Shares Gain 10%

Accent Group (ASX:AX1) said an unsolicited on-market takeover offer from Frasers Group does not carry any premium to its June 12 closing price, and shareholders should take no action on the offer for now, according to a Monday filing with the Australian bourse.Frasers proposes to acquire all Accent Group shares it does not already own at AU$0.65 per share in cash.Accent said Frasers' last on-market purchases of its shares occurred in February at average prices above AU$0.90 each, which is materially higher than the offer price.The company urged shareholders to wait for the target's statement before deciding on the offer.Accent Group shares gained 10% in recent Monday trade.

ASX:AX1

Asia21d ago

Market Chatter: Taiwan Plans $200 Million Data Center Investment in Paraguay

Taiwan plans to help develop a $200 million data center in Paraguay as the two sides seek to deepen economic ties, Bloomberg News reported, citing people familiar with the matter.The project is expected to provide 10 megawatts of computing capacity and could become operational by the end of 2027, according to the report.Taiwan's International Cooperation and Development Fund has sounded out Google, Microsoft, and Amazon about potential involvement in the project, either through investment or by leveraging their future computing capacity, Bloomberg reported.Under the proposal, Taiwan would supply Nvidia chips and related equipment, while Paraguay would contribute land, power, and infrastructure, Information Technology Minister Gustavo Villate told Bloomberg.The countries are also in talks with the U.S. International Development Finance Corporation regarding financing, 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.)

Taiwan Weighted

Asia21d ago

Japanese Equities Surge as US, Iran Agree on Peace Deal

Japanese stocks surge after officials said a peace agreement between the US and Iran will be signed later this week.The Nikkei 225 jumped 763.2 points or 1.6% to 66,783.22.Trump said in a social media post that the Strait of Hormuz would open once the deal is signed on June 19.Iranian state media also confirmed that it will sign a deal with the U.S. following mediation by Pakistani Prime Minister Shehbaz Sharif.Investors are also focused on the U.S. and Japan's central bank decisions this week.With Bank of Japan Governor Kazuo Ueda hospitalized, deputy Shinichi Uchida will host a post-meeting press conference on Tuesday.

Nikkei 225

Asia21d ago

Hanwha Ocean Bags KRW800 Billion Order for Four Vessels; Shares Rise 4%

Hanwha Ocean (KRX:042660) secured an order for the construction of four VLCC vessels worth 800.1 billion won from an unnamed Asian shipper, according to a Friday filing with the Korean Exchange.Delivery is expected by Feb. 22, 2030, with payments tied to construction milestones.Shares of the shipbuilder rose over 4% in recent trade on Monday.

KRX:042660

Asia21d ago

Update: Sigma Healthcare Withdraws From UK Drugstore Chain Sale Process; Shares Up 8%

(Updates to add stock movement in the headline and the last paragraph)Sigma Healthcare (ASX:SIG) decided to withdraw its interest from and halt discussions regarding the acquisition of UK drugstore chain Boots Group, according to a Monday filing with the Australian bourse.Following a preliminary review, the company concluded that the acquisition would not currently meet its strategic and capital investment objectives in advancing its UK expansion, the filing said.The company's shares rose 8% in recent Monday trade.

ASX:SIG

Asia21d ago

Update: oOh!media Receives Higher Offers in Revised Acquisition Proposals; Plans to Grant Further Due Diligence Access, Shares Up 5%

(Updates to add stock movement in the headline and the last paragraph)oOh!media (ASX:OML) said it received revised proposals to acquire the company from Pacific Equity Partners, I Squared Capital, and Oaktree Capital Management, with some of the proposals offering AU$1.60 per share, according to a Monday filing with the Australian bourse.The revised offers, which came after oOh!media granted certain parties a three-week period of limited due diligence access, are higher than earlier unsolicited offers ranging from AU$1.40 to AU$1.45 per share.The company's board unanimously decided that the earlier proposals did not adequately reflect oOh!media's intrinsic value, per the filing.oOh!media now plans to provide further due diligence access to select parties who issued revised proposals, a process that is expected to take up to six weeks.The company cautioned that there is no certainty of any deal, and recommended that its shareholders take no action on any proposal at this time.The company's shares rose 5% in recent Monday trade.

ASX:OML

Asia21d ago

Market Chatter: Allianz Seen as Top Bidder for HSBC Life Singapore

German insurer Allianz is the leading contender to acquire HSBC Holdings' (HKG:0005) Singapore insurance unit, Bloomberg News reported on Sunday, citing people familiar with the matter.HSBC is seeking a valuation of as much as $2 billion for the business, the sources said, adding that Allianz and the bank are currently working through the details of a potential transaction.According to the report, HSBC had shortlisted Allianz, Sumitomo Life Insurance and Dai-ichi Life Holdings (TYO:8750) as bidders for HSBC Life Singapore. Sun Life Financial (PSE:SLF) and Nippon Life Insurance had previously been identified as potential contenders, the newswire 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.)

HKG:0005PSE:SLFTYO:8750

Asia21d ago

Liuliumei Soars 118% in Hong Kong Trading Debut

Liuliumei's (HKG:6658) shares opened 118% above their initial public offering price in a stellar Hong Kong debut on Monday morning.The China-based fruit snack company, focused on plum-based products, opened at HK$95.00 per share, well above the offer price of HK$43.58.

HKG:6658

Asia21d ago

Market Chatter: SK Hynix Eyes Listing on Tech-Heavy Nasdaq in August; Shares Jump 7%

South Korean chipmaker SK Hynix (KRX:000660) is eyeing the Nasdaq for its planned listing in the U.S., to bank on investor interest in AI-related stocks, Reuters reported Friday, citing two sources familiar with the matter.The initial public offering is being planned for August, which is anticipated to broaden the chipmaker's investor pool and raise its profile among overseas investors, according to the report.A representative from SK Hynix declined to comment on' request for comment.Shares of SK Hynix jumped nearly 7% in Monday morning trade.(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:000660

Asia21d ago

Update: Atlas Arteria Says IFM Global Unit Raises Takeover Offer

(Updates to add the company's recommendation in the sixth and seventh paragraphs)Atlas Arteria (ASX:ALX) said IFM Global Infrastructure Fund subsidiary Diamond Infraco 1 has increased its takeover offer to AU$5.10 per security from AU$4.75 and declared it "best and final," according to a Monday filing with the Australian bourse.The revised offer represents a nearly 18% premium to the company's closing price on April 24.The bidder said it will not raise its offer unless a rival bid emerges and has committed not to buy securities above AU$5.10 for 12 months after close unless a competing offer arises, per the filing.The offer has been declared unconditional, subject only to specified prescribed occurrence conditions, with the bidder holding a 34.59% voting interest in the company, the filing said.The offer remains valid until June 25, unless extended, the filing added.In a separate filing, the company cited press reports that IFM investors may seek to increase its stake via on-market buying and warned it reserves the right to seek Takeovers Panel action in relation to any associated stock-borrowing or short-selling activity.The company reiterated its recommendation that security holders reject IFM's offer, citing material undervaluation and an inadequate control premium.

ASX:ALX

Asia21d ago

UK, Japan Enter Into GBP 18 Billion Deal to Boost Clean Energy, Jobs, Next-Generation Tech

British and Japanese leaders are set to finalize an 18 billion pound sterling agreement expected to create "tens of thousands of new jobs" in offshore wind, infrastructure, and finance, according to a statement on Saturday.Under the deal, several Japanese companies committed 5-year investments to UK projects, including 2 billion pounds sterling by Mitsubishi Estate(TYO:3481), 3.8 billion pounds sterling by Mitsui Fudosan (TYO:8801), and 500 million pounds sterling by Nomura Real Estate (TYO:3231).Additional pledges include Mizuho Financial's 3 billion pound sterling expansion of its UK operations, Eisai's (TYO:4523) 48 million pound sterling government-backed facility upgrade, and an offshore wind compact facilitating up to 9 billion pound sterling for floating wind projects in the North and Celtic Seas.Legal & General also broke ground on a 135 million pound sterling London housing project in partnership with Nomura (TYO:8604), marking the firm's first UK homebuilding venture.Prime Minister Keir Starmer will host his Japanese counterpart and business delegates in London before the G7 meeting in France, where over 10 commercial and government agreements are expected to be signed.

Nikkei 225TYO:3231TYO:3481TYO:4523TYO:8604TYO:8801

Asia21d ago

JSW Energy to Acquire Maruti Clean Coal for INR14.1 Billiion

JSW Energy (NSE:JSWENERGY, BOM:533148) has agreed to acquire the entire equity stake in Maruti Clean Coal & Power at an enterprise value of 14.1 billion Indian rupees, according to a Saturday filing to the Indian stock exchanges.The shares will be acquired from Kolahai Infotech and SFI Parcel Services, subject to necessary regulatory and customary approvals.Maruti Clean owns and operates a 300 MW thermal power plant in Korba, Chhattisgarh, India, with a long-term power purchase agreement for 195 MW with Rajasthan-based power distribution companies.The plant also provides 5% power at variable cost to the Chhattisgarh power distribution companies, and the remaining 64 MW capacity is sold in the merchant market.The acquired asset's earnings for fiscal year 2026 are estimated at 2.79 billion rupees. The plant's proximity to JSW Energy's Mahanadi thermal plant will also help strengthen operational synergies, the company said.

BOM:533148NSE:JSWENERGY

Asia21d ago

Dai Nippon Printing Launches Tender Offer for Austrian Smart Card Firm AUSTRIACARD

Dai Nippon Printing (TYO:7912) has published the offer document for its public tender to acquire all ordinary shares of Australian-listed AUSTRIACARD, according to a Tokyo bourse filing on Friday.The offer price is set at 10 euros per share on a cum-dividend basis, with the initial acceptance period running 10 weeks from June 12 to Aug. 21.Dai Nippon Printing expects to complete the acquisition by September, after which AUSTRIACARD, a payment card and security printing firm operating across Europe, Africa, and North America, will become a consolidated subsidiary.The settlement remains contingent on receiving certain regulatory approvals under foreign direct investment and competition laws, and the timing may shift depending on when those approvals are granted.

TYO:7912

Asia21d ago

Elders Secures Final Approvals for Killara Feedlot Divestment

Elders (ASX:ELD) said it has received all regulatory approvals required for the sale of Killara Feedlot to Australian Meat Group, with completion of the transaction expected on June 30, according to a Monday filing with the Australian bourse.The transaction was approved to proceed after receiving a "no objection" notice from the Treasurer under the Foreign Acquisitions and Takeovers Act 1975 on Monday, following clearance from the Australian Competition and Consumer Commission on May 22, the filing added.The company's shares rose around 2% in recent Monday trade.

ASX:ELD

Asia21d ago

Geely Automobile to Streamline Operations and Focus on Hong Kong-Listed Arm

Geely Automobile's (HKG:0175) parent Zhejiang Geely plans to shut down or merge redundant entities to build a more efficient corporate structure, said chairman Li Shufu at a recent industry on Saturday.Resources will be concentrated around its Hong Kong-listed unit, Geely Automobile, as the core platform, though specific units were not named, according to a transcript on the company's website.Shufu also reaffirmed the company's commitment to long-term growth, safety, and global partnerships with Volvo and Renault, while warning against shortcuts in manufacturing.

HKG:0175HKG:80175

Asia21d ago

Sino Biopharmaceutical Plans HK$2 Billion Stock Buyback

Sino Biopharmaceutical (HKG:1177) has approved a plan to spend up to HK$2 billion over the next 12 months on share repurchases in the open market, according to a filing with the Hong Kong Exchange on Monday.The approved amount may be used for shares repurchased directly by the biotech firm as well as shares acquired by the trustee administering its restricted share award scheme.Since the start of 2026, the company has spent about HK$338 million to acquire 60.35 million shares under its repurchase program.

HKG:1177

Asia21d ago

Commonwealth Bank of Australia Invests AU$6 Million to Upgrade Ballarat, Victoria Branch

Commonwealth Bank of Australia (ASX:CBA) spent AU$6 million to upgrade its Bridge Mall branch in Ballarat, Victoria, offering improved accessibility and access to specialist support, the company said Monday.The new branch is part of a broader commitment to enhance the bank's s branch network, with an additional AU$140 million of investments planned in fiscal 2027 to strengthen access to banking services, the company said.The bank's shares gained about 2% in recent Monday trade.

ASX:CBA

Asia21d ago

MetaX Integrated Circuits Shanghai Plans Hong Kong IPO

MetaX Integrated Circuits Shanghai (SHA:688802) is planning an initial public offering (IPO) of H-shares and listing on the main board of The Stock Exchange of Hong Kong, the company said in a filing on Friday.Details of the IPO are yet to be finalized.Since shares of the company began to trade in Shanghai in December 2025 after raising $586 million, the stock has surged 564%. The current market value of the firm stands at 278 billion yuan, according to Bloomberg News on Friday.

SHA:688802

Asia21d ago

Market Chatter: AI Boom Propels Kioxia Past Toyota as Japan's Most Valuable Firm; Kioxia Shares Jump 9%

Driven by the global surge in artificial intelligence, chipmaker Kioxia (TYO:285A) has overtaken Toyota (TYO:7203) to be Japan's largest company by market value, Bloomberg News reported on Saturday.Following a 7.6% jump in its shares, Kioxia's valuation exceeded 44 trillion yen on Friday, while Toyota closed at 43.8 trillion yen, the news wire said.This change reflects a rising investor appetite for semiconductor companies, fueled by strong demand for AI data center chips, the publication said.Kioxia's stock has skyrocketed more than 670% this year, making it the top performer on a major global index, the report said.Kioxia shares jumped over 9% in morning trade Monday.(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:285ATYO:7203

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