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East Money Information Redeems 2 Billion Yuan Bonds at Maturity

East Money Information (SHE:300059) subsidiary Eastmoney Securities fully redeemed 2 billion yuan in bonds.The 365-day bonds, which carried a 1.74% fixed coupon rate, matured on Tuesday, according to a same-day filing with the Shenzhen bourse.Shares of the financial services provider were down 1% in recent trade.

SHE:300059

Asia30d ago

Market Chatter: Japan's Three Top Banks Plan Joint Stablecoin Issuance by March 2027

Three of the largest banks in Japan, Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo ⁠Mitsui Financial Group (TYO:8316), and Mizuho Financial Group (TYO:8411), are poised to form a consortium to issue a jointly operated stablecoin in the current fiscal year ending in March 2027, according to a Reuters report on Wednesday, citing a joint statement from the banks.The lenders plan to establish a council to review operational frameworks and prepare for the issuance, the report said.Japan's Financial Services Agency has been operating a regulatory pilot since November 2025, as part of the country's efforts to use blockchain technology for better payment systems.(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:8306TYO:8316TYO:8411

Asia30d ago

Biwin Storage Technology to Buy Enterprise-Grade Flash Memory Chips Worth $1.86 Billion; Shares Jump 5%

Chinese memory chipmaker Biwin Storage Technology (SHA:688525) plans to purchase enterprise-grade flash memory chips worth $1.86 billion from an unnamed storage manufacturer, according to a Wednesday filing with the Shanghai bourse.The contract, with fixed quantities and prices, covers a total commitment period of 24 months.Shares of the company jumped nearly 5% in recent trade.

SHA:688525

Asia30d ago

Chinasoft International Unit Secures 1 Billion Yuan AI Computing Equipment Contracts

Chinasoft International (HKG:0354) said its wholly owned subsidiary, Beijing Chinasoft International Information Technology, signed sales agreements worth about 1 billion yuan to supply high-end AI computing equipment and related resources to several independent customers, according to a Wednesday Hong Kong bourse filing.The equipment will be used for artificial intelligence research and development, high-performance computing, and AI infrastructure projects.Shares of the IT firm fell over 2% in Wednesday morning trade.

HKG:0354

Asia30d ago

OCI Reports One Death, Two Injuries in Gwangyang Plant Accident

OCI (KRX:456040) said a serious industrial accident at its Gwangyang Plant No. 1 left one contractor employee dead and two others injured, according to a Tuesday filing with the Korea Exchange.The accident occurred on May 14 during activated carbon replacement work at the plant's raw material pretreatment facility, when residual condensate splashed and caused scald burns to three contractor workers.The injured workers were taken to a hospital for treatment, where one later died. The company reported the accident to the Ministry of Employment and Labor on June 8.Police and labor authorities are investigating the incident, and the company said it will implement measures to prevent a recurrence.The company didn't immediately respond to a request fromfor comment.Shares of OCI rose nearly 4% in recent trade on Wednesday morning.

KRX:456040

Asia30d ago

Samsung Electronics Invests $175 Million in Element Biosciences

Samsung Electronics (KRX:005930) invested $175 million in Element Biosciences as part of the US-based life sciences company's series E financing, according to a Tuesday statement.Element Biosciences said it will use funds from the latest round of financing to advance its commercialization efforts for genomic and multiomic solutions.

KRX:005930

Asia30d ago

Singapore, Indonesia Agree on Digital, Green Economy Frameworks

Singapore's Deputy Prime Minister, Gan Kim Yong, confirmed the city-state's negotiations with Indonesia on a digital economy framework agreement, according to a release from the Singapore Productivity Center on Tuesday.The signing is expected to be done by 2026, with entry into force slated for 2027, as the two states look to leverage the AI and digital economy boom.Additionally, the two states are exploring a similar understanding for the green economy, focused on green electrons, green financing, carbon credit trading and other green solutions across the region.

^JKSE^STI

Asia30d ago

Amaero International Says Australian Federal Court Approves Arrangement Schemes for Delaware Re-Domiciliation; Shares Fall 5%

Amaero International (ASX:3DA) said the Federal Court of Australia made orders approving the schemes of arrangement under which Amaero US HoldCo will become the new ultimate parent company of Amaero and its units, re-domiciling the firm to Delaware in the US, according to a Wednesday Australian bourse filing.Under the schemes of arrangement between Amaero and its shareholders, as well as between Amaero and its option holders, Amaero Inc. will acquire 100% of Amaero's issued shares, and Amaero option holders will receive options in Amaero US HoldCo in exchange for the cancellation of their options in Amaero.The company will lodge an office copy of the court orders with the Australian Securities and Investments Commission on Thursday, per the filing.Amaero International's shares fell nearly 5% in recent trading on Wednesday.

ASX:3DA

Asia30d ago

Rego Interactive Unit Expands Sports AI Push via New Partnership; Shares Slip 6%

Rego Interactive (HKG:2422) said its wholly owned subsidiary, Hainan Rego Network Technology, entered into a one-year sports intellectual property co-development agreement with an independent third party, according to a Wednesday Hong Kong bourse filing.The partnership will focus on the incubation, content operation, and commercialization of sports-related intellectual property, with Hainan Rego leading project operations, business management, and compliance oversight.Shares of the marketing services provider were down over 6% in Wednesday morning trade.

HKG:2422

Asia30d ago

Boresight Shares Surge in Australian Trading Debut

Boresight (ASX:BST) shares surged almost 73% in recent Wednesday trading as the defense-tech company made its debut on the Australian Securities Exchange.In a Tuesday filing with the bourse, the company said it completed a AU$8 million capital raise for an initial public offering at AU$0.20 per share, giving it a market capitalization of about AU$41.8 million on listing.

ASX:BST

Asia30d ago

Vinyl Group to Acquire Time Out Australia; Completes Over AU$2 Million Share Placement

Vinyl Group (ASX:VNL) struck a deal to acquire urban culture brand Time Out Australia from the Time Out Group for "nominal consideration," according to a Wednesday filing with the Australian bourse.Vinyl is also entering a long-term franchise deal under which Time Out Group will receive an ongoing revenue royalty rate and annual minimum guarantees with respect of the Australian market. The agreement has an initial five-year term and will be automatically renewed unless terminated.The deal, which is targeted for completion on June 24, comes as Time Out pursues a franchise model for select markets by partnering with established media operators.Time Out Australia is profitable and is expected to contribute positively to Vinyl Group's earnings before interest, taxes, depreciation, and amortization on a pro-forma basis in fiscal 2027, per the filing.Meanwhile, Vinyl Group also completed a AU$2.4 million placement under which it will issue about 44.4 million ordinary shares at AU$0.054 each. The proceeds will be used for integration costs, working capital, and near-term operational initiatives associated with the Time Out Australia acquisition.

ASX:VNL

Asia30d ago

Fitch Assigns First-Time A- Ratings to CITIC Securities, Hong Kong Unit

Fitch Ratings assigned first-time long-term issuer default ratings of A- with a stable outlook to CITIC Securities (HKG:6030, SHA:600030) and its wholly owned subsidiary, CITIC Securities International, according to a Tuesday press release.Fitch said the ratings reflect an "extremely high" likelihood of support from parent CITIC Group, citing CITIC Securities' position as the group's flagship securities platform and one of its two core financial businesses alongside China CITIC Bank.The ratings agency also highlighted CITIC Securities' leading market position, diversified revenue base, improving profitability, and strong integration with CITIC Group.CITIC Securities International received the same rating due to its role as the group's principal offshore securities platform and Fitch's expectation of support from its parent in the event of financial stress.Fitch said the ratings could face pressure if China's sovereign rating is downgraded, state support for CITIC Group weakens, or CITIC Securities becomes less strategically important to the group.

HKG:6030SHA:600030

Asia30d ago

Singapore, Indonesia to Deepen Supply Chain Cooperation

Singapore's Deputy Prime Minister Gan Kim Yong announced that Singapore and Indonesia will cooperate to strengthen their supply chain resilience, according to a release by the Singapore Productivity Centre on Tuesday.Amid growing geopolitical tensions, both nations agreed to support each other and work to maintain a steady flow of mutual trade and investment.

^STI

Asia30d ago

East Money Information Unit Raises 3.8 Billion Yuan Via Bond Issue

East Money Information (SHE:300059) subsidiary Eastmoney Securities raised 3.8 billion yuan via the issue of 361-day bonds with a fixed coupon rate of 1.5%.Redemption is scheduled for June 2027, according to a Tuesday filing with the Shenzhen bourse.Shares of the financial services provider were down 1% in recent trade.

SHE:300059

Asia30d ago

Magnetic Resources Says Scheme of Arrangement for Acquisition by Genesis Minerals Becomes Effective; Genesis Shares Fall 6%

Magnetic Resources (ASX:MAU) confirmed that the scheme of arrangement under which Genesis Minerals (ASX:GMD) will acquire 100% of the shares in Magnetic became effective on Wednesday, according to a same-day Australian bourse filing.Magnetic lodged a copy of the orders made by the Supreme Court of Western Australia approving the scheme with the Australian Securities and Investments Commission, per the filing. Magnetic shares are expected to be suspended from trading on ASX from close of trading on Wednesday.Magnetic's shares fell nearly 2% in recent trading on Wednesday, while those of Genesis plunged by roughly 6%.

ASX:GMDASX:MAU

Asia30d ago

Further Offtake News Flow Expected at Meteoric Resources' Brazil Rare Earths Project, Euroz Hartleys Says

Meteoric Resources' (ASX:MEI) Caldeira project in Brazil is expected to produce further offtakes and associated debt funding in the wake of recently disclosed European Union support for critical minerals projects in the region, Euroz Hartleys said in a Tuesday note.Meteoric executed an amendment agreement with its joint venture partner in the Togni Group, the original vendors of the project, acquiring the full assignment of the primary tenements required to start production at Caldeira.Meteoric submitted the installation license application for the Caldeira project in early March, with final approval from Minas Gerais state regulator FEAM expected within around six months of submission. The application represents the second stage of a three-part licensing process following the initial preliminary license award.The investment firm retained its speculative buy rating on Meteoric Resources along with a AU$0.23 per share price target.

ASX:MEI

Asia30d ago

Titan Minerals Restarts Drilling at Ecuador Gold Project

Titan Minerals (ASX:TTM) restarted resource drilling at its Dynasty gold project in Ecuador, with three diamond rigs in operation at the site, according to a Wednesday filing with the Australian bourse.Results from the first holes are expected in the coming four to six weeks, and surface trenching at the Cerro Verde prospect has confirmed resource strike extensions, per the filing.The latest results include 6.1 meters at 5.1 grams per tonne grade of gold and 3.9 grams per tonne grade of silver; 3.7 meters at 3.8 grams per tonne grade of gold and 6.1 grams per tonne grade of silver; and 3.5 meters at 3.9 grams per tonne grade of gold and 21.9 grams per tonne grade of silver, among other areas of mineralization.Scoping studies at Dynasty are advancing well, with an independent mine consulting group performing pit optimization and engineering studies, Titan Minerals said.The company's shares were up nearly 1% in recent Wednesday trade.

ASX:TTM

Asia30d ago

Swire Pacific Unit to Raise HK$4.70 Billion via Debt Offering

Swire Pacific (HKG:0019, HKG:0087) said its Swire Pacific Finance unit was looking to raise HK$4.70 billion via a bond offering, according to a Tuesday filing with the Hong Kong bourse.The bonds will convert into Cathay Pacific Airways (HKG:0293) shares based on an initial exchange price of HK$13.18 each. Assuming full conversion, the bonds would convert into 356.6 million Cathay Pacific shares representing 5.9% of the business.The bonds mature on June 16, 2027, and do not bear interest.Swire Pacific said it will use the proceeds for general working capital purposes.Cathay Pacific's shares slumped nearly 7% in recent trade, while Swire Pacific's class A and B shares fell more than 1%.

HKG:0019HKG:0087HKG:0293

Asia30d ago

Cue Energy Board Committee Urges Shareholders to Reject Horizon Oil's Unsolicited Takeover Bid

Cue Energy Resources' (ASX:CUE) independent board committee continued to unanimously recommend that Cue shareholders reject the unsolicited, off-market takeover offer from Horizon Oil (ASX:HZN), noting that Horizon declared the offer consideration "best and final," with no increase in the consideration proposed in the absence of a competing proposal, according to a Wednesday Australian bourse filing.As of Tuesday, Horizon secured acceptances in respect of 17.1 million Cue shares, or around 2.4% of the total Cue shares currently on issue, other than the shares held by Echelon Offshore, per the filing.If Horizon fails to obtain acceptances in respect of at least 80% of Cue shares, scrip-for-scrip capital gains tax rollover relief will not be available to Cue shareholders who accept the offer, the committee said.Horizon has not yet declared the offer unconditional. The offer is set to close on June 19, unless it is extended or withdrawn.Horizon's shares fell 2% in recent trading on Wednesday.

ASX:CUEASX:HZN

Asia30d ago

Market Chatter: Kuwait Petroleum Puts Up Oil for Sale for Asian Buyers

Kuwait's state-owned Kuwait Petroleum Corp. is seeking buyers for at least 4 billion barrels of the nation's main export grade crude in signs that flows from the critical Strait of Hormuz are opening up, Bloomberg News reported Tuesday, citing traders familiar with the matter.The oil is reportedly being offered to refiners in at least China and South Korea and is carried on two very large crude carriers that have already exited the waterway and can promptly dock in ports in Asia.The offer adds to evidence that a closure in the Hormuz is easing, though oil shipments from the region are yet to reach pre-war levels, 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

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