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Tata Consumer Products Gets 'Strong' ESG Score from Crisil

Tata Consumer Products (NSE:TATACONSUM, BOM:500800) received an ESG score of 67 from CRISIL ESG Ratings & Analytics, placing it in the "strong" category, according to a Friday filing on Indian bourses.The company also received a Core ESG rating of 66.Tata Consumer said the rating was based on publicly available information for the financial year 2025-26.

BOM:500800NSE:TATACONSUM

Asia24d ago

17 Depositary Receipts on US, Hong Kong Securities to Start Trading in Thailand on June 12

The Stock Exchange of Thailand said 17 new depositary receipts issued by InnovestX Securities will start trading on the local bourse on Friday, June 12.The DRs represent securities from Hong Kong, Nasdaq, and the New York Stock Exchange.The offerings span semiconductors, AI infrastructure, fintech, space, and healthcare sectors. Key underlying names include Intel, Coinbase Global, SoFi Technologies, Synopsys, Eli Lilly, Berkshire Hathaway, among others.The move is aimed at giving Thai investors easier access to global high-growth companies via a local trading platform, it said.

^SET

Asia24d ago

Tianyouwei Electronics Shareholder to Sell 597,437 Restricted Shares

Heilongjiang Tianyouwei Electronics (SHA:603202) said 597,437 restricted shares held by Xirui Partnership, a person acting in concert with the controlling shareholder, will be sold via judicial sale after two failed auction attempts.The shares represent 0.37% of total share capital and will be sold from June 19 to June 20, with a starting price of 45 million yuan, according to a Friday filing within the Shanghai bourse.After the sale, the controlling shareholder group's stake would dip to 68.24% from 68.62%.

SHA:603202

Asia24d ago

Sino-Platinum Metals Unit Signs Non-Binding Deal for Shanghai Composite Material Plant

Sino-Platinum Metals (SHA:600459) subsidiary Guiye Zhongxi Shanghai New Material Technology signed a non-binding investment agreement with the Sheshan Town government in Shanghai.The project, located in Sheshan High-tech Park, envisions an about 400-million-yuan high-precision composite material production base, according to a Friday filing within the Shanghai bourse.The subsidiary must win a land bidding process by the end of October.

SHA:600459

Asia24d ago

CARE Lifts Long-Term Rating on Bharat Heavy Electricals' Bank Financing to AA; Outlook Stable

CARE Ratings upgraded its long-term rating on Bharat Heavy Electricals' (NSE:BHEL, BOM:500103) bank financing to AA from AA- and affirmed its short-term bank financing at A1+, according to an Indian bourse filing on Friday.The rating outlook is stable, the filing said.Shares of the company rose nearly 2% in recent trade.

BOM:500103NSE:BHEL

Asia24d ago

Kerjaya Prospek Unit signs MYR157 Million Development Deal

Kerjaya Prospek Group (KLSE:KERJAYA) unit Rivanis Ventures signed a development deal worth 156.5 million ringgit with Railway Assets to acquire and develop 34.8 acres of land in Penang, Malaysia.Shares gained about 2% in Friday's midday trade.The proposed seven-year mixed-use project will include at least 338 affordable homes, residential properties and commercial units.The project is expected to support future earnings, although it is not expected to have a material impact on its 2026 results, the company said.

KLSE:KERJAYA

Asia24d ago

Tata Consultancy Services Launches Oracle AI Data Platform Lab in Kolkata, India

Tata Consultancy Services (NSE:TCS, BOM:532540) has launched an Oracle AI Data Platform Lab and Center of Excellence in Kolkata, India, according to a Friday filing on Indian exchanges.The facility will help organizations turn enterprise data into actionable insights and implement AI-driven automation at scale.Tata Consultancy said it plans to establish similar hubs in four more Indian cities over the next three years.Shares of the company rose 1% in recent trade.

BOM:532540NSE:TCS

Asia24d ago

Dynagreen Wins Bid for Incineration Power Generation Project in China

Dynagreen Environmental Protection (SHA:601330, HKG:1330) won the bid for an incineration power generation project in Tiantiai County, China at 90 yuan per ton, according to a Friday filing with the Shanghai bourse.The project has a daily processing capacity of 400 tons of garbage with a 400-ton-per-day incinerator and a 12-megawatt steam turbine generator set.The company will also be in charge of a fly ash landfill project.Dynagreen will operate the project under a five-year contract.

HKG:1330SHA:601330

Asia24d ago

Titijaya Land, Selangor State to Develop Affordable Housing

Titijaya Land (KLSE:TITIJYA) signed a consortium deal with Permodalan Negeri Selangor to develop affordable housing under the Rumah Idaman initiative in Selangor, Malaysia, according to a Thursday Malaysian bourse filing.Shares gained over 2% in Friday's midday trade.The project will be built on about 13 acres of land and will deliver 1,202 residential units priced between 250,000 ringgit and 295,000 ringgit, depending on category and size.Under the arrangement, PNSB Construction will handle regulatory coordination and approvals, while Titijaya Land unit NPO Builders will oversee construction execution and project delivery, the filing said.

KLSE:TITIJYA

Asia24d ago

Hong Kong Stocks Gain on Prospects for US-Iran Peace Deal; Alibaba Gains on Pupu Bid

Hong Kong stocks rebounded Friday on hopes for a breakthrough in U.S.-Iran negotiations.The Hang Seng Index rose 1.9%, or 468.81 points, to close at 24,718.10, while the Hang Seng China Enterprises Index gained 1.9%, or 157.35 points, to finish at 8,374.43.U.S. President Donald Trump said Thursday that a peace agreement with Iran could be reached as soon as this weekend, just hours after warning of further military action if talks failed.According to Iranian media, Foreign Ministry spokesperson Esmaeil Baghaei said the agreement was largely complete and reiterated that Iran would not compromise on its red lines.Oil prices fell to their lowest levels in two months, easing concerns over inflation and the potential economic fallout.In corporate news, Alibaba (HKG:9988) closed nearly 3% higher after Bloomberg News reported that it had offered $1.5 billion to acquire the Chinese grocery-delivery platform Pupu.Fujian-based Pupu is one of the few remaining independent online grocery platforms in China, according to the report.

Hang SengHKG:9988

Asia24d ago

Polyrocks Chemical Elects Chair

Polyrocks Chemical (SHA:688669) elected Chen Guo as chair, according to a Friday filing with the Shanghai bourse.Shares of the chemical manufacturer were down 1% Friday.

SHA:688669

Asia24d ago

Advanced Lithium Rejects Reports Suggesting Major Deal with Tesla

Advanced Lithium Electrochemistry (Cayman) (TWO:5227) denied media reports saying it secured a major long-term contract with Tesla, calling it speculation, according to a Thursday Taiwan Exchange filing.The company responded after reports suggested a potential large order, new plant investment plans, and multi-year shipment volumes tied to a "North American customer".The company clarified it has only entered into a production pricing agreement, not a confirmed purchase order, and stressed that projected revenue and shipment figures cited in reports are uncertain and not guidance.

TWO:5227

Asia24d ago

Remixpoint Expects Return to Fiscal Profit

Remixpoint (TYO:3825) expects attributable profit of between 5.32 billion yen and 11.44 billion yen for the fiscal year ending March 31, 2027, according to a Thursday filing with the Tokyo stock exchange.The digital asset management and energy business company forecasts basic earnings per share of between 36.28 yen and 78.06 yen for the fiscal year.Net sales should range between 48.78 billion yen and 56.11 billion yen, with operating profit between 6.72 billion yen and 14.06 billion yen.The company expects recovery in the earnings base of its energy business as well as continued growth in its energy storage solution segment and digital asset management business.The company reported an attributable loss of 4.74 billion yen for the fiscal year ended March 31, 2026, with a loss per share of 33.89 yen and net sales of 17.75 billion yen.

TYO:3825

Asia24d ago

Market Chatter: TSMC Chief Warns Talent Shortage Outpaces Infrastructure Risks for Taiwan Chip Industry

Taiwan Semiconductor Manufacturing Co. or TSMC's (TPE:2330) chief executive C.C. Wei said the company's main challenge is now a shortage of skilled workers, even as Taiwan's chip industry continues to face pressure from limited resources, Reuters reported Friday.Addressing a ceremony for a new science park in southern Taiwan, Wei pointed out long-running constraints known as the "five shortages"-water, power, land, labor and talent-still affect expansion plans, though talent has become the most urgent issue.Wei's comments underline a shift in focus for Taiwan's semiconductor sector, where physical infrastructure risks are increasingly being overtaken by workforce gaps in advanced chip manufacturing, the news agency 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.)

TPE:2330

Asia24d ago

DOD Biotech Clarifies Large Advance Payments Linked to Expansion Plans

DOD Biotech (BKK:DOD) provided clarifications to the Stock Exchange after reporting a net loss of 22 million baht in the first quarter, and auditor remarks over 141 million baht in deposits and advance payments.The company said the transactions reflect a new expansion cycle tied to factory capacity constraints and demand outlook, according to a Thursday Thailand bourse filing.The biotech firm said it made advance payments for a 72 million baht land deal, 20 million baht construction work, 47 million baht raw materials, 14 million baht machinery, and a 10 million baht wastewater upgrade.DOD Biotech also addressed a 30 million baht cash advance involving a unit director, saying the amount has already been fully reimbursed, the filing said.

BKK:DOD

Asia24d ago

Market Chatter: Thailand Weighs Bid to Join CPTPP as US Pressures Rise

Thailand is re-evaluating its bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as rising protectionism and US tariff pressures reshape global trade dynamics, The Nikkei Asian Review reported Thursday.Citing Foreign Minister Sihasak Phuangketkeow, the report said that the country should move ahead with the pact without waiting for other trade negotiations to conclude. He said weakening global trade rules is accelerating a shift toward regional frameworks such as the CPTPP.Thailand is also working to finalize its long-running free trade agreement negotiations with the European Union this year, 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.)

^SET

Asia24d ago

Ainnovation Technology to Reduce Stake in Industrial Automation Wing; Shares Surge 11%

Ainnovation Technology (HKG:2121) agreed to sell 21.4 million shares, or 33.5% stake, in AInnovation EHigher (Shanghai) Intelligence Technology, according to a Thursday Hong Kong bourse filing.Shares of the artificial intelligence company were up nearly 11% in Friday afternoon trading.Buyer Shanghai Lansu Commercial Management will acquire the equity interest for 20.1 million yuan.Following completion, the company's shareholding in the target will decrease to 17.5% from 51%,The target engages in the provision of integrated solutions for intelligent industrial automation systems.

HKG:2121

Asia24d ago

ITI Gets Listing Approval for Nearly 2 Million Preferential Shares; Shares Up 3%

ITI (NSE:ITI, BOM:523610) said it has received listing approvals from the National Stock Exchange and BSE for nearly 2 million equity shares allotted to promoters on a preferential basis, according to a Thursday filing on Indian bourses.Shares of the company rose over 3% in recent trade.The shares were issued at 300.25 rupees apiece, including a premium of 290.25 rupees per share, the telecom equipment company said in the filing.

BOM:523610NSE:ITI

Asia24d ago

Market Chatter: China Central Bank Instructs State-Owned Lenders to Temper Interbank Lending

The People's Bank of China told state-owned banking giants to slash their borrowings from the interbank market to prevent a plummet in interest rates to below the policy rate, Bloomberg reported Friday, citing people familiar with the matter.China's central bank issued what is known as "window guidance" during times of volatility or when they want to manage the speed of credit extension, according to Bloomberg.Beijing's instruction is seen to help banks to temper market expectations around access to liquidity, as well as manage the speed of credit extension amid global energy shocks, 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.)

Shanghai Composite^SZSE

Asia24d ago

HK.AI Capital Eyes HK$638 Million from Rights Issue; Shares Plunge 16%

HK.AI Capital (HKG:1140) is proposing a one-for-two rights issue to raise net proceeds of around HK$637.8 million, according to a Thursday Hong Kong bourse filing.Shares of the securities investor were down over 16% in Friday afternoon trading.Under the rights issue, the company will issue 5.83 billion shares at HK$0.110 apiece, representing 33.3% of the company's enlarged issued share capital.Any unsubscribed shares will be subject to a placing agreement.The firm will use proceeds for listed and unlisted equity and debt security investments, as well as for general working capital.

HKG:1140

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