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BWP Trust Completes Institutional Entitlement Offer

BWP Trust (ASX:BWP) completed the institutional component of its fully underwritten one-for-12 accelerated non-renounceable pro rata entitlement offer at a fixed issue price of AU$3.77 per new security, raising gross proceeds of around AU$122 million, according to a Thursday Australian bourse filing.Its institutional securityholders accounted for a take-up rate of around 98%. The gross proceeds included Wesfarmers' full entitlement of around AU$53 million.Around 32 million new securities will be issued under the institutional entitlement offer at the issue price.The fully underwritten retail component of the entitlement offer is expected to raise around AU$106 million and will open on May 12.

$ASX:BWP

Asia3d ago

Willfar IT Bags 223 Million Yuan Worth of Projects in April

Willfar Information Technology (SHA:688100) won projects amounting to 223.2 million yuan in April, according to a Shanghai bourse disclosure on Thursday.The projects included bids won from the State Grid Corporate of China.The electrical energy measurement equipment manufacturer's shares rose less than 2% during the midday trade.

$SHA:688100

Asia3d ago

Market Chatter: UAE's XRG Consortium Eyes Shell's AU$2 Billion Stake in Woodside's LNG Project

The United Arab Emirates-based XRG consortium, a joint venture between Abu Dhabi's state-owned oil and gas major ADNOC and US-based Carlyle, is said to be mulling Shell's AU$2 billion sale of its stake in Woodside Energy Group's (ASX:WDS) North West Shelf liquefied natural gas (LNG) project, according to a Thursday report by The Australian.Woodside has a 33% stake in the joint venture and is its operator, while Shell, Chevron, and BP, along with Mitsui and Mitsubishi, hold the remaining stakes.An XRG spokesperson said that it had a long-term outlook, prioritizing "patient capital" in order to build a global gas business, the report added.(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

Asia3d ago

PB Fintech Shares Slide Even as Fiscal Q4 EPS, Revenue Beat Estimates

PB Fintech's (NSE:POLICYBZR, BOM:543390) consolidated attributable profit rose to 2.61 billion Indian rupees in the fiscal fourth quarter ended March 31 from 1.70 billion rupees a year ago.Earnings per share came in at 5.61 rupees, up from 3.65 rupees a year earlier, the parent of fintech platform Policybazaar said in a filing with the Indian bourses on Wednesday.The EPS was higher than the 5.28 rupees consensus estimate of analysts polled by Visible Alpha.The company's shares were down nearly 4% in Thursday's early trade.Revenue from operations in fiscal Q4 increased to 20.6 billion rupees from 1.51 billion rupees a year ago. This was a tad higher than Visible Alpha's estimate of 20 billion rupees.

$BOM:543390$NSE:POLICYBZR

Asia3d ago

China Rare Earth Nonferrous Metals Shareholder to Pare Stake

A shareholder of China Rare Earth Nonferrous Metals (SHA:600259) plans to reduce its stake in the company, according to a Shanghai bourse filing on Thursday.Guangdong Rare Earth Industry Group will offload up to 3,364,359 shares, or around 1% of the company's total shares, within three months.Guangdong Rare Earth Industry currently owns 67,287,182 shares or 20% of the company's total shares.

$SHA:600259

Asia3d ago

Super Retail Shares Fall 3% After Group Like-for-Like Sales Grow in Fiscal H2 To-Date

Super Retail Group's (ASX:SUL) shares fell 3% in recent trading on Thursday after it said in a filing late on Wednesday that group like-for-like sales grew 0.4% in the fiscal second half to date.Total sales growth over the period was 1.9%. Group gross margin in the second half to-date is "modestly" below the prior comparable period.Sales momentum across all four Super Retail brands was adversely impacted by the Middle East conflict, the filing said.Total group and unallocated costs in the fiscal year are expected to reach AU$66 million, up from the previous forecast of AU$60 million, which includes the early commencement of projects previously targeted for fiscal year 2027.

$ASX:SUL

Asia3d ago

Smartsens Technology to Raise 3.2 Billion Yuan from Share Placement

Smartsens Technology (SHA:688213) plans to raise proceeds of up to 3.20 billion yuan from a private share placement, according to a Shanghai bourse filing on Thursday.The proceeds will be used to fund a CIS solution R&D and industrialization project for high-performance imaging applications and for intelligent driving, as well as for a CIS and edge AI ASIC solution research and development for Vision AI.The rest will be used to fund the company's supplementary working capital.

$SHA:688213

Asia3d ago

Amoytop Biotech to Raise Up to 1.5 Billion Yuan from Convertible Bond Issuance

Xiamen Amoytop Biotech (SHA:688278) plans to raise funds of up to 1.53 billion yuan from the issuance of convertible bonds, according to a Thursday disclosure on the Shanghai bourse.The proceeds will be used to invest in a new drug research and development project, a biotechnology innovation center project and the construction of a production line.

$SHA:688278

Asia3d ago

Humm Group, Credit Corp Named as Defendants in High Court Proceedings by Former Chair

Humm Group (ASX:HUM) and Credit Corp Group (ASX:CCP) were named as two of the defendants in proceedings filed in the High Court of Australia on Wednesday, consisting of an application for constitutional writs and an interlocutory application, by Andrew Abercrombie, founder and former Chair of the firm, and The Abercrombie Group as trustee for the Philadelphia Trust, according to a Thursday Australian bourse filing.The other defendants are the Takeovers Panel, the Australian Securities and Investments Commission, Akat Investments, Jeremy Michael Kersten Raper, and Sandhurst Trustees as custodian for Collins St Value Fund.By the application for constitutional writs, the plaintiffs seek writs of certiorari to quash the declaration of unacceptable circumstances made by the Takeovers Panel on April 17 April and the orders made by thePanel on April 24. The plaintiffs also seek declarations that the declaration and the orders are invalid.By the interlocutory application, the plaintiffs seek orders that the extraordinary general meeting of Humm convened by Raper and Sandhurst Trustees, which was to be resumed on May 13, be further adjourned.Abercrombie and his associates currently own 29.55% Humm's issued shares.

$ASX:CCP$ASX:HUM

Asia3d ago

ASROCK Buys Property for NT$2.4 Billion

ASROCK (TPE:3515) acquired real estate in Taipei, Taiwan, from Huaku Development for NT$2.42 billion, according to a Wednesday Taiwan Exchange filing.Shares gained 1% in Thursday's afternoon trade.The property covers 22 units measuring a total of 3,122.38 ping, alongside 72 parking spaces at the Vision Park project.The acquisition is a part of the company's long-term operational planning and development.

$TPE:3515

Asia3d ago

Hainan Rubber Industry Receives 75-Million-Yuan Insurance Payout for Cold Damage

China Hainan Rubber Industry (SHA:601118) received 74.8 million yuan in insurance compensation for cold damage that affected its rubber trees in January, according to a Thursday filing with the Shanghai bourse.The payout includes 66.7 million yuan under the full cost insurance policy that will reduce agricultural production costs and 8.1 million yuan under the materialized cost insurance policy that will reduce productive biological assets.The final accounting treatment will depend on audit confirmation.Shares of the rubber company were down 1% in recent trade.

$SHA:601118

Asia3d ago

UnUsUaL Flags Net Loss in Fiscal 2026; Shares Down 7%

UnUsUaL (SGX:1D1) is expecting to book a net loss for the fiscal year ended March 31, according to a filing with the Singapore Exchange on Wednesday.Shares of the live events and concerts company plunged over 7% in Thursday trading.The company has attributed its net loss to increased operational costs amid heightened market competition and will release its results on May 28.

$SGX:1D1

Asia3d ago

Credit Corp Forecasts Fiscal 2026 After-Tax Net Profit of Up to AU$110 Million; Shares Jump 10%

Credit Corp Group (ASX:CCP) said its after-tax net profit for fiscal 2026 is expected to grow to between AU$100 million and AU$110 million, compared with AU$94 million for fiscal 2025, according to a Thursday Australian bourse filing.The company's consumer lending volume is on track to reach a record AU$425 million, 15% higher than fiscal 2025, per the filing. Its fiscal third quarter lending to returning customers was AU$72 million, while lending to new customers grew 38% year over year to AU$40 million.The company's shares jumped over 10% in recent trading on Thursday.

$ASX:CCP

Asia3d ago

Amplitude Energy Secures Production License for Victoria Gas Field

Amplitude Energy (ASX:AEL) has secured the production license VIC/L37 covering the Annie gas field, with plans to commence first gas production by 2028, according to a Thursday Australian bourse filing.Gas from the field is expected to be supplied to Australia's east coast domestic market for local consumers, the filing added.The company's shares rose 2% in recent Thursday trade.

$ASX:AEL

Asia3d ago

Coliwoo's Fiscal H1 Attributable Profit Soars 44%; Shares Up 5%

Coliwoo's (SGX:W8W) net profit attributable to equity holders jumped 44% in the fiscal first half ended March 31 to SG$13.4 million from SG$9.3 million a year earlier, according to a Wednesday filing with the Singapore Exchange.Shares of the provider of co-living spaces were up nearly 5% in Thursday trading.Earnings per share fell to SG$0.028 compared with SG$0.0299 in the year-ago period.Revenue climbed 17% year over year to SG$26.9 million from SG$23.1 million.The company declared an interim dividend of SG$0.01 per share for the period, payable on June 2.

$SGX:W8W

Asia3d ago

ARN Media's Remuneration Report Gets First Strike at Annual General Meeting

ARN Media's (ASX:A1N) remuneration report received a first strike at its annual general meeting, with more than 90% shareholders voting against the executive pay resolution, according to a Thursday Australian bourse filing.The first strike implies that more than 25% shareholders have voted against a resolution, and if the resolution receives a second such strike, it automatically triggers a spill resolution, leading to a full board re-election subject to shareholder approval.

$ASX:A1N

Asia3d ago

StarPower Semiconductor to Issue 1.50 Billion Yuan in Convertible Bonds

StarPower Semiconductor (SHA:603290) will issue convertible bonds worth up to 1.50 billion yuan, according to a Shanghai bourse disclosure on Thursday.The listing will be effective on May 11.The convertible bonds, named Sida Convertible Bonds, will mature April 15, 2032.

$SHA:603290

Asia3d ago

Shanghai Tunnel Engineering Establishes 1.36 Billion-Yuan Asset-Backed Special Plan

Shanghai Tunnel Engineering (SHA:600820) has formally established its Guotai Haitong-Sheng Yuan factoring phase two supply chain asset-backed special plan.The plan, issued under a previously approved 3 billion-yuan shelf registration, raised 1.36 billion yuan, according to a Thursday filing with the Shanghai bourse.Proceeds will be used to repay shareholder loans and support business redeployment.Shares of the civil construction engineering company rose 1% in recent trade.

$SHA:600820

Asia3d ago

ARN Media Says Fiscal 2025 Revenue From Continued Operations Declined Due to Softer Advertising Market

ARN Media (ASX:A1N) said its total revenue from continued operations came in at AU$285.2 million for fiscal 2025, down from AU$317.1 million in the previous fiscal year, impacted by a softer advertising market and Metro market headwinds, according to a Thursday Australian bourse filing.The company said 10% of its revenue is now delivered from digital platforms. Its digital revenue rose 7% year over year.Global uncertainty, geopolitical issues, and inflationary pressure impact advertising markets, and the total audio advertising market is expected to be broadly flat in fiscal 2026, it noted. Revenue and revenue share improvement is expected in the second half.

$ASX:A1N

Asia3d ago

Cleanaway Waste Management Says Victoria Court Rules in Favor Of EPA Regarding Alleged Historical Landfill Levy Underpayment

Cleanaway Waste Management (ASX:CWY) said the Victorian Supreme Court ruled in favor of the Environment Protection Authority (EPA) regarding an alleged historical underpayment of landfill levy at the Melbourne Regional Landfill for the fiscal year 2018, according to a Thursday Australian bourse filing.The alleged landfill levy underpayment amount for the said fiscal year is AU$6.9 million.The regulator brought the proceedings against Cleanaway in order to recover an alleged landfill levy underpayment on materials purchased by the firm from the adjacent Boral quarry for use in landfill operations.Cleanaway's stance was that the type of product purchased from Boral should not be considered "waste" to which landfill levies should apply. It is reviewing the decision and has 42 days to decide whether to appeal the decision.Its shares rose 1% in recent trading on Thursday.

$ASX:CWY

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