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Develop Global Names Interim Chief Financial Officer

Develop Global (ASX:DVP) said Felicity Hughes was named as its interim chief financial officer, following the resignation of Ben MacKinnon, effective July 1, according to a Monday Australian bourse filing.Hughes was most recently regional CFO at Newmont (ASX:NEM).

ASX:DVPASX:NEM

Asia22d ago

ASX Admits Breach in ASIC Settlement Over Chess Project Disclosures

ASX (ASX:ASX) settled Federal Court proceedings with Australian Securities and Investments Commission (ASIC) over misleading 2022 statements about its Chess replacement project, admitting a breach of the ASIC Act, according to a Monday filing with the Australian bourse.The exchange operator agreed to pay AU$20.5 million in penalties plus AU$3 million in legal costs, subject to court approval.ASIC commenced civil penalty proceedings in August 2024, alleging that ASX made misleading or deceptive statements to the market in 2022 regarding the Chess replacement project, including claims that it was "progressing well," "tracking to the Published Plan," and "tracking to Go-Live in April 2023," per the filing.The settlement resolves the matter, and the parties will no longer proceed to trial, the filing added. ASX will recognize the penalty and legal costs as "significant" fiscal 2026 items impacting statutory earnings.

ASX:ASX

Asia22d ago

Market Chatter: Woodside Energy Among Several Acquisition Targets on Exxon Mobil's Radar

Woodside Energy Group (ASX:WDS) is among several potential acquisition targets being evaluated by US energy giant Exxon Mobil, Bloomberg reported Friday, citing sources with knowledge of the matter.Exxon has internally held initial acquisition discussions as it seeks to expand its presence in liquefied natural gas and Asian markets, but the talks are preliminary and there is no certainty of any offer being made, according to the report.Woodside is Australia's biggest LNG exporter and is pursuing a project on the US Gulf Coast that is due to come online by 2029. In Australia, the company is advancing the Scarborough and Browse gas projects to help boost its LNG exports, the report said.Woodside Energy and Exxon Mobil did not immediately respond to requests for comment from.(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.)

ASX:WDS

Asia22d ago

Heartland Group Holdings Advances TSB Merger Plan After Due Diligence Completion

Heartland Group Holdings (ASX:HGH, NZE:HGH) said it has completed confirmatory due diligence with Toi Foundation on its proposed acquisition of TSB Bank, clearing a key condition ahead of the planned merger between Heartland Bank and TSB to form TSB Heartland Bank, according to a Monday filing with the Australian and New Zealand bourses.The company added that a warranty and indemnity (W&I) deed was executed on Sunday, and W&I insurance has been obtained by both parties, per the filing.The transaction remains on track for expected completion in December, subject to remaining requirements including Taranaki community consultation, approvals from Toi Foundation trustees and Heartland shareholders, and relevant regulatory clearances in New Zealand and Australia, the filing added.

ASX:HGHNZE:HGH

Asia22d ago

Oceania Healthcare Mulls Six-Year Fixed-Rate Bond Offer

Oceania Healthcare (ASX:OCA, NZE:OCA) said it is planning a potential offer of six-year fixed-rate secured, unsubordinated bonds aimed at both institutional and New Zealand retail investors, with full details expected in the next week, according to a Monday filing with the Australian and New Zealand bourses.Investors may register interest through their financial advisers, but no applications or funds are being accepted at this stage, and any indications of interest are non-binding, the filing said.The company added that, if the offer proceeds, it will be made under the Financial Markets Conduct Act 2013 and the bonds are expected to be quoted on the New Zealand Exchange debt market.

ASX:OCANZE:OCA

Asia22d ago

Meridian Energy Retail Contracted Sales Volumes Rise in May

Meridian Energy's (ASX:MEZ, NZE:MEL) retail contracted sales volumes rose to 860 gigawatt hours (GWh) in May from 798 GWh a year earlier, according to a Monday filing with the New Zealand bourse.Compared with the prior corresponding period, residential sales soared past 20%, large business sales rose 8.3%, small medium business sales increased 6.7%, and agriculture and corporate sales rose 9.7% and 1.2%, respectively.National electricity demand in May was 1.7% higher compared with the year earlier. In the month to June 8, national hydro storage increased to 125% from 119% of the historical average, per the filing.Total inflows for May reached 82% of the historical average.

ASX:MEZNZE:MEL

Asia22d ago

Auckland International Airport's Total Passenger Movements Fall in May

Auckland International Airport (ASX:AIA, NZE:AIA) recorded 1.4 million total passenger movements in May, down 1% year on year, according to a Monday filing with the Australian and New Zealand bourses.Total passenger movements for the financial year to date reached 17.7 million in May, marking a 2% year-on-year increase, per the filing.Total international passenger movements fell 2% to 745,889, the filing added.Excluding transits, international passenger movements decreased by 3%. International seat capacity fell 4%, resulting in average load factors of 82%, a 1.6 percentage-point increase year on year, the company said.Domestic passenger movements remained flat at 666,386.

ASX:AIANZE:AIA

Asia22d ago

Peter Warren Automotive Holdings Plans Revised ACCC Submission for Wakeling Acquisition

Peter Warren Automotive Holdings (ASX:PWR) withdrew its original application to the Australian Competition and Consumer Commission (ACCC) for the proposed acquisition of Wakeling Automotive and will resubmit a revised phase one application, including a remedy proposal aimed at securing regulatory approval, according to an Australian bourse filing on June 12 after market hours.The decision follows discussions with the ACCC and Wakeling Automotive's vendors, per the filing. As previously disclosed, the regulator told the company it would advance the transaction to a phase two review under a new merger control process.The revised application is expected to incorporate proposed measures addressing the ACCC's concerns, the company said, adding that it will work closely with the regulator to obtain clearance for the deal.

ASX:PWR

Asia24d ago

Asia Commercial Forecasts Rise in Full-Year Profit

Asia Commercial (HKG:0104) expects a net profit of at least HK$39 million for the year ended March 31, up from HK$24 million a year prior, according to a Friday Hong Kong bourse filing.The watch seller attributed the forecast to a reduction in fair value losses on investment properties.

HKG:0104

Asia24d ago

Central Plains Environment Protection Subsidiary to Establish Clean Energy Supply Company

Central Plains Environment Protection (SHE:000544) wholly-owned subsidiary Zhengzhou Xinhong Reclaimed Water Resources Development and Utilization will invest 10 million yuan to establish a clean energy supply company.The newly-established company will utilize local reclaimed water, geothermal, and other resources, according to a Friday filing with the Shenzhen bourse.

SHE:000544

Asia24d ago

OKG Technology Warns of Wider Fiscal-Year Loss

OKG Technology (HKG:1499) expects an attributable loss of at least HK$20 million for the year ended March 31, compared with HK$15.8 million a year prior, according to a Friday Hong Kong bourse filing.The construction engineering company attributed the forecast to a lower revenue from the foundation, building construction work, and ancillary services segment.

HKG:1499

Asia24d ago

Brazilian Regulator Completes Inspection of Concord Biotech's Limbasi Facility

Concord Biotech (NSE:CONCORDBIO, BOM:543960) completed a four-day regulatory inspection for its Limbasi manufacturing facility in India.The Brazilian Health Regulatory Agency's ANVISA inspection confirmed the company's quality and regulatory standards and supports its international expansion plans, according to a Friday filing from the biopharmaceutical company.

BOM:543960NSE:CONCORDBIO

Asia24d ago

Bajaj Finance Raises INR45.1 Billion Through Debenture Allotment

Bajaj Finance (NSE:BAJFINANCE, BOM:500034) raised 45.1 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Friday filing to the Indian stock exchanges.The company allotted 450,000 non-convertible debentures with a face value of 100,000 rupees each in two tranches.In the first tranche, the company allotted 200,000 debentures with a coupon rate of 7.93% per annum. These are scheduled to mature on June 12, 2029.In the second tranche, the company allotted 250,000 non-convertible debentures with a coupon rate of 8.00% per annum. They will mature on May 12, 2031.The debentures are proposed to be listed on the wholesale debt market segment of BSE, the filing said.

BOM:500034NSE:BAJFINANCE

Asia24d ago

Bajaj Housing Finance Raises INR20.3 Billion Through Debenture Allotment

Bajaj Housing Finance (NSE:BAJAJHFL, BOM:544252) has raised 20.3 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Friday filing to the Indian stock exchanges.The company allotted 200,000 debentures at a face value of 100,000 each with a coupon rate of 8.25% per annum, the filing said.The debentures are proposed to be listed on the wholesale debt market segment of the BSE and mature on May 27, 2031.

BOM:544252NSE:BAJAJHFL

Asia24d ago

Market Chatter: Prestige Estates Projects Targets INR600 Billion Sales Value in Fiscal 2027

Prestige Estates Projects (NSE:PRESTIGE, BOM:533274) is targeting projects with an estimated sales value of 600 billion Indian rupees in fiscal 2027 as it prepares to launch developments across India, Bloomberg reported Friday, citing Prestige Chairman Irfan Razack.This would mark a 43% jump in sales value compared with the previous fiscal year, ended March 31, the report said.Prestige plans to launch projects in Delhi-NCR, Mumbai, Bengaluru, Hyderabad and Chennai, according to the report. Razack told Bloomberg that the company has land and inventory ready, while the timing of project launches will depend on regulatory approvals. He said that the company deferred major project launches during the quarter ending June due to delays in regulatory approvals.The recently launched Golden Grove project in Hyderabad has an estimated sales value of about 90 billion rupees, Razack told Bloomberg. Prestige holds a 73% stake in the project, the report noted.(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:533274NSE:PRESTIGE

Asia24d ago

JSW Energy Commissions 150 MW Hydropower Project in Himachal Pradesh, India

JSW Energy (NSE:JSWENERGY, BOM:533148) said it has commissioned the full 150 MW capacity of its Tidong Power Generation project in Himachal Pradesh, India, according to a Friday filing.The hydropower project, located in Kinnaur district, was commissioned ahead of the company's earlier target of October.JSW Energy said Tidong Power Generation has a long-term power purchase agreement with Uttar Pradesh Power Corp. for 75 MW during the May-October period at a tariff of 5.57 rupees per kWh.Following the commissioning, the company's total installed power generation capacity has increased to about 13,900 MW, the filing said.

BOM:533148NSE:JSWENERGY

Asia24d ago

Token's Full-Year Profit, Net Sales Up

Token's (TYO:1766) profit attributable to owners of the parent rose 2.4% to 16.2 billion yen for the fiscal year ended April 30 from 15.8 billion yen a year earlier.The construction company's basic earnings per share increased to 1,238.21 yen from 1,173.64 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales jumped 5.4% to 386.5 billion yen from 366.6 billion yen in the prior year.The board also plans to pay a dividend of 360 yen from July 29.For the fiscal year ending April 30, 2027, the company expects attributable profit of 14.6 billion yen, basic EPS of 1,312.40 yen, and net sales of 408.2 billion yen. It plans to pay a year-end dividend of 400 yen.

TYO:1766

Asia24d ago

Central Plains Environment Protection to Transfer Entire Stake in Subsidiary to Another

Central Plains Environment Protection (SHE:000544) will transfer the entire stake in wholly-owned subsidiary Zhengzhou Gewo Environmental Protection Development to another subsidiary, Zhengzhou Zhongyuan Wanyu New Energy Technology free of charge.Zhongyuan Wanyu New Energy Technology develops waste treatment technologies, according to a Friday filing with the Shenzhen bourse.The equity transfer will help optimize internal company resources, it said in the filing.

SHE:000544

Asia24d ago

Beijing Creative Distribution Automation Subsidiary Offloads Stake in Second-Tier Investee

Beijing Creative Distribution Automation (SHE:002350) subsidiary Beijing KERI Energy Management will transfer its 34% stake in second-tier investee company Shaanxi Career Integrated Energy Service to Shaanxi Shengjie Electrical Equipment for a nominal fee of 1 yuan.Shaanxi Career Integrated Energy Service has negative net assets of 1.5 million yuan, with liabilities at 3.8 million yuan and assets at 2.3 million yuan.

SHE:002350

Asia24d ago

Taiwan Cooperative Financial Logs May Net Profit of NT$2.84 Billion

Taiwan Cooperative Financial (TPE:5880) posted an unaudited after-tax profit of NT$2.84 billion for May, according to unaudited figures released on Friday.On a year-to-date basis, after-tax profit stood at NT$11.2 billion, while cumulative earnings per share for the period were NT$0.69, the financial conglomerate said.

TPE:5880

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