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Dongjiang Environmental Unit to Place 20 Million Yuan Bid for Steel Products Distribution Project

Dongjiang Environmental (HKG:0895, SHE:002672) unit Guangdong Elephant Logistics Technology plans to submit a 20 million yuan bid in the public tender for a distribution project, according to a Wednesday Hong Kong bourse filing.Hong Kong-listed shares of the waste disposal management company were down over 1% in Thursday afternoon trading.The one-year project starting July 1, 2026, and ending June 30, 2027, will focus on the delivery and distribution of finished steel products for Zhongnan by cargo transportation.If granted the tender, Elephant Logistics will enter into a formal cargo transportation contract with Shanghai Ouye Logistics.

HKG:0895SHE:002672

Asia28d ago

Dongguan Development to Sell Two Subsidiary Equities

Dongguan Development (SHE:000828) plans to publicly list and transfer its 40% stake in Kangyichuang New Energy and its wholly owned subsidiary Jincxin Capital's 100% stake in Nandian Hongyun Energy.The sale of the loss-making companies has minimum prices of 21.9 million yuan and 2.4 million yuan, respectively, according to a Wednesday filing with the Shenzhen bourse.Proceeds will support core business development and working capital.Shares of the highway operator closed 1% lower Thursday.

SHE:000828

Asia28d ago

China's Power Storage Sector to Drive Energy Transition, S&P Says

China's power storage sector is key to resolving the country's energy bottlenecks, S&P Global Ratings said in a recent release.The sector will anchor wind and solar integration, lessen curtailment, and boost system reliability, S&P said.Greater storage will also facilitate renewable power companies' shift to market-based pricing, the rating agency said.S&P expects battery energy storage systems to grow faster amid a rise in the renewable energy mix that also includes pumped-hydro projects.Independent power producers will see additional revenue sources through the battery projects, which will also hedge against increasingly unstable spot market prices, S&P credit analyst Scott Chui said.Better economics and revenue visibility should encourage more energy companies to invest in power storage and narrow risks of intermittent renewable power, S&P said.The rating agency expects players to sufficiently cushion against upcoming large investments, estimated at 1 trillion renminbi over the next five years, in line with their capital expenditure plans.

Shanghai Composite^SZSE

Asia28d ago

AOM International Enters M&A, Restructuring-Focused Cooperation Contract

AOM International (HKG:0381) entered into a strategic cooperation agreement with Yaluyun (Shanghai) Enterprise Management, according to a Wednesday Hong Kong bourse filing.Shares of the toy and gift maker were down nearly 2% in Thursday afternoon trading.The cooperation will focus on corporate mergers and acquisitions and restructuring, capital cooperation, resource synergy, and other areas.

HKG:0381

Asia28d ago

Ennoconn Initiates Mandatory Takeover Offer for Austria-based Kontron

Ennoconn (TPE:6414) board has approved a plan to acquire full ownership of Austria-based Kontron, through a mandatory public takeover offer in cash, according to a Wednesday Taiwan Exchange filing.Shares gained about 2% in Thursday's midday trade.The offer price is set at 23.50 euros per share and will be launched after Ennoconn crosses the 30% ownership threshold, in line with German regulations. It currently owns 29.99% stake in Kontron.The transaction, expected to close by end-2026, subject to regulatory approvals.The deal aims to strengthen Ennoconn's position in AI, edge computing and smart infrastructure markets, it said.

TPE:6414

Asia28d ago

Chinese Shares Slide Amid US Sanctions, Middle East Strikes; Yizhong Pharmaceutical Falls 4%

Chinese shares were down on Thursday as the U.S. sanctioned several Chinese entities over their alleged links to the Iran military and amid escalating conflict in the Middle East.The Shanghai Composite Index, the main gauge of Chinese stocks, slid 0.2% to 3,987.01. The Shenzhen Component Index fell 0.7% to 14,851.98.The U.S. government imposed sanctions on multiple entities and individuals in mainland China and Hong Kong for allegedly supporting procurement and financial networks linked to Iran's Islamic Revolutionary Guard Corps and the Iranian military.Among them are entities that helped procure weapons for the Iranian military, and a Hong Kong-based company that works with Iran's clandestine banking network.Meanwhile, the U.S. and Iran traded fresh strikes for a second straight day, shattering the fragile April ceasefire, BBC News reported.The U.S. said it hit military, surveillance and radar sites in southern Iran in "self-defense strikes." Iran hit back immediately, launching strikes on U.S. military assets, including bases in Bahrain and Kuwait.In company news, Shanghai Yizhong Pharmaceutical (SHA:688091) said China's drug regulator approved the clinical trial application for its self-developed drug candidate, YXC-002, for the treatment of non-small cell lung cancer with estimated glomerular filtration rate mutations. Shares of the drug manufacturer closed 4% lower Thursday.

Shanghai Composite^SZSESHA:688091

Asia28d ago

Infosys Enters ERP Transformation Partnership With IHH Healthcare

Infosys (NSE:INFY, BOM:500209) has entered into a multi-year partnership with dual-listed IHH Healthcare (KLSE:IHH, SGX:Q0F) to implement an enterprise-wide ERP transformation program, according to a Thursday filing.The collaboration will focus on standardizing and streamlining business processes across markets, including Hong Kong, Malaysia and Singapore, the company said in the filing.Infosys will consolidate IHH Healthcare's existing ERP systems across functions including finance, procurement, supply chain, and human capital management, and enable real-time data visibility and reporting.The company said the program will use its AI platform Infosys Topaz.Infosys shares fell over 2% in recent trade.

BOM:500209KLSE:IHHNSE:INFYSGX:Q0F

Asia28d ago

Bizlink to Acquire Interplex's Data Communication Business for Up to $900 Million

Bizlink (TPE:3665) approved the acquisition of the data communication business of Interplex Group in a deal valued at up to $900 million, according to a Wednesday Taiwan Exchange filing.The transaction includes full ownership of multiple Interplex units across Singapore, China and Vietnam and is expected to strengthen BizLink's position in data center connectivity and precision manufacturing.The deal is expected to close in the second half of 2026, subject to customary approvals and closing conditions, it said.

TPE:3665

Asia28d ago

Market Chatter: Alibaba Group Replaces Dingtalk CEO

Alibaba Group (HKG:9988) has replaced the chief executive of its enterprise communications software DingTalk a little over a year after luring him back, Bloomberg reported Thursday.According to the report, the company tapped technologist Chen Yusen to succeed Dingtalk chief executive and co-creator Chen Hang after a rare rebuke of the division's management style following employee complaints.The high-profile leadership change also follows an internal debate over the productivity platform's place in the company's broader AI strategy, Bloomberg reported.(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:9988

Asia28d ago

Tata Consultancy Services Ties Up with Anthropic to Drive Enterprise AI Adoption

Tata Consultancy Services (NSE:TCS, BOM:532540) has partnered with Anthropic, which operates AI assistant Claude, to help customers scale enterprise AI adoption, according to a Thursday filing to the Indian stock exchanges.Under the partnership, TCS will establish a dedicated business unit focused on developing joint industry solutions, customer offerings, and AI expertise around Anthropic's Claude family of models through early access to the technology.The Indian technology company will equip 50,000 associates across engineering, finance, legal, marketing, and sales with Claude through enterprise-wide licensing.With the internal deployment of Claude, TCS aims to gain experience to transform its own operations and use the learnings to help its clients.

BOM:532540NSE:TCS

Asia28d ago

Jefferies Adjusts Sumitomo Metal Mining's Price Target to 17,000 Yen From 13,700 Yen, Keeps at Buy

Sumitomo Metal Mining (TYO:5713) has an average rating of overweight and mean price target of 11,695 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

TYO:5713

Asia28d ago

South Korean Shares Close Slightly Higher Amid Cautious Investing, Fresh US-Iran Tensions

South Korean shares closed marginally higher on Thursday as investors remained cautious after the U.S.-Iran war escalated.Iran's Islamic Revolutionary Guard Corps (IRGC) launched retaliatory attacks at 18 US military targets at airbases in Kuwait, Bahrain, and Jordan, according to Iranian media reports. The strikes came after the United States military's Central Command (CENTCOM) said it had attacked multiple targets in Iran, describing the operations as acts of "self defense."The Korea Composite Stock Price Index or Kospi rose 33.13 points, or 0.4%, to end at 7,763.95. The Kosdaq also increased by 45.3 points, or 4.5%, to close at 996.93.In corporate news, Gaonchips (KOSDAQ:399720) secured an application-specific integrated circuit (ASIC) semiconductor design and development contract from an undisclosed AI semiconductor company, according to a Thursday filing with the Korea Exchange. The contract, valued at 29.6 billion won, is valid till June 30, 2028.Shares of Gaonchips rose nearly 7% at market close.In other news, SK Hynix (KRX:000660) plans to raise its wafer capacity by three times by 2034 to keep up with the increasing demand for memory chips needed for AI computing, SK Group Chairman Chey Tae-won told Nikkei Asia in an interview on Wednesday.The chipmaker is currently building four semiconductor fabrication plants in South Korea's Yongin, with the first facility expected to be completed in early 2027. Chey said the company accelerated the project timeline by a decade, bringing forth a plan that was initially expected to run till 2045.Shares of SK Hynix jumped nearly 3% at market close.

^KOSDAQKOSPIKOSDAQ:399720

Asia28d ago

Taiwan Mask Divests Zhunan Plant for NT$2.8 Billion; Shares Rise 5%

Taiwan Mask (TPE:2338) completed the disposal of its Zhunan plant and related equipment to Siliconware Precision Industries worth NT$2.8 billion, according to its filing on Wednesday.Shares jumped over 5% in Thursday's midday trade.The photomasks manufacturer expects to book a gain of about NT$1.824 billion from the transaction.Taiwan Mask said the sale is aimed at asset optimization and focusing on core operations.

TPE:2338

Asia28d ago

Chinasoft International Unveils Allmeta Ontology v1.0; Shares Slip 5%

Chinasoft International (HKG:0354) launched "allmeta Ontology v1.0," an ontology platform for the production implementation of enterprise AI in real business scenarios, according to a Wednesday Hong Kong bourse filing.Shares of the IT company were down nearly 5% in Thursday afternoon trading.The move comes after the company's release of its enterprise intelligent operating system product allmeta in March.

HKG:0354

Asia28d ago

Awea, Two Others to Cooperate on Automation, Robotics Development; Shares Drop 4%

Awea Mechantronic (TPE:1530) signed a memorandum of understanding with parent Goodway Machine, and Syntec Technology, to cooperate on automation and robotics development, according to a Wednesday Taiwan Exchange filing.Shares slid about 4% in Thursday's midday trade.The partnership will focus on smart manufacturing applications, technical support and overseas market expansion to improve integrated industrial solutions.The company said the agreement is non-binding and currently has no material impact on its finances or operations.

TPE:1530

Asia28d ago

Japanese Shares Pull Back from Early Losses, Close Flat as US Concludes Strikes on Iran

Japanese shares recovered from early losses to close marginally higher on Thursday after the U.S. Central Command said it had completed additional self-defense strikes against multiple Iranian targets.The Nikkei 225 closed up 0.1%, or by 38 points, to end at 64,217.27."U.S. Central Command (CENTCOM) forces completed additional self-defense strikes against multiple targets in Iran, June 10, at the Commander in Chief's direction," CENTCOM said on social media platform X.On the domestic front, Japan has sharply increased its imports of recycled tungsten scrap from the U.S. amid Chinese export restrictions on the critical metal for automotive, electronics, and defense industries, according to a Nikkei Asia report on Thursday.On the corporate side, Anycolor's (TYO:5032) net profit climbed 22% to 14.1 billion yen in the fiscal year 2026 from 11.5 billion yen a year earlier.Meanwhile, Kakiyasu Honten's (TYO:2294) profit attributable to owners of the parent rose 16% to 811 million yen for the fiscal year ended April 30, from 701 million yen a year earlier.

Nikkei 225TYO:2294TYO:5032

Asia28d ago

Astra Microwave Products Board Approves Demerger of Space Business into Separate Entity

Astra Microwave Products (NSE:ASTRAMICRO, BOM:532493) said its board has approved a scheme to demerge its space, meteorology and hydrology business into a wholly owned subsidiary, Astra Space Technologies, according to a Wednesday filing on Indian bourses.The said business generated revenue of about 1.57 billion rupees for the financial year ended March 31, accounting for 13.6% of the company's total turnover, the filing said.Astra Microwave said the proposed restructuring is aimed at creating two separately listed entities: one focused on radar electronics, electronic warfare and telemetry businesses, and the other focused on space, meteorology and hydrology operations.The scheme is subject to necessary regulatory and tribunal approvals.Astra Microwave's shares fell nearly 1% in recent trade.

BOM:532493NSE:ASTRAMICRO

Asia28d ago

China Construction Bank Raises 60 Billion Yuan Via Bond Issue

China Construction Bank (SHA:601939) raised 60 billion yuan via the issue of 10-year bonds with a coupon rate of 1.89%.Proceeds will replenish the bank's capital, according to a Thursday filing with the Shanghai bourse.Shares of the lender rose 1% in recent trade.

SHA:601939

Asia28d ago

Controlling Shareholder Boosts Stake in China Communications Construction

China Communications Construction's (SHA:601800, HKG:1800) controlling shareholder, China Communications Construction Group, acquired an additional 54.6 million Hong Kong-listed shares in the company, according to a Wednesday Hong Kong bourse filing.Shares of the infrastructure builder were down over 1% in Thursday afternoon trading.The Hong Kong-listed shares, acquired between June 9, 2025, and June 9, 2026, represent around 0.3355% of the company's issued share capital.Following completion, China Communications Construction Group holds nearly 9.73 billion shares in the company, including 9.37 billion China-listed shares and 352 million Hong Kong-listed shares. The shares represent roughly 59.7654% of the company's issued shares.

HKG:1800SHA:601800

Asia28d ago

Aier Eye Hospital to Acquire Brazilian Eye Care Firms

Aier Eye Hospital Group (SHE:300015), through unit Aier Eye Brasil Participações, plans to acquire 60.6% of SF 1125p Participações Societárias through a 530 million Brazilian real capital increase, according to a Shenzhen bourse filing on Thursday.SF 1125p Participações Societárias is a special purpose vehicle owned by Saúde Latam Holding.The acquisition will also include 72.27% of Clínicas do Brasil and 100% of Contact-Gel, both of which provide ophthalmology and eye care services and products.After the transaction, the company will not only own a majority stake in SF 1125p, but also 39.4% of Saúde Latam.Aier's shares rose 2% during the afternoon trade.

SHE:300015

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