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Muthoot Capital Services Raises INR851 Million via Securitization Transaction

Muthoot Capital Services (NSE:MUTHOOTCAP, BOM:511766) said it completed a securitization transaction on June 8, raising 851.1 million rupees through assignment of receivables worth 905.5 million rupees, according to a Monday filing.The company's shares were up nearly 2% in Tuesday's trade.The transaction was executed in tranches and is the company's second securitization deal in fiscal 2027, the filing said.The underlying pool consists of non-priority sector assets and was carried out in line with Reserve Bank of India guidelines, the company said.

BOM:511766NSE:MUTHOOTCAP

Asia31d ago

Market Chatter: Vietnam Pushes Airlines to Fast-Track Boeing Deals Amid US Trade Scrutiny

Vietnam has directed its leading airlines to assess the status of multibillion-dollar agreements with Boeing and Pratt & Whitney, while also considering additional import deals with US firms, Reuters reported Tuesday, citing a directive issued by the Ministry of Construction, which it reviewed.The directive shows Vietnam wants to prove it is following through on existing deals while building stronger trade ties and improving its position in talks with the United States, the news outlet reported.The document was addressed to Vietnam Airlines, Vietjet Air and Sun Phu Quoc Airways, 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.)

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Asia31d ago

Jumpcan Pharma Gets Registration Certificate for Marboxil Tablets

Hubei Jumpcan Pharmaceutical (SHA:600566) obtained a drug registration certificate for marboxil tablets, according to a Shanghai bourse filing on Tuesday.The certificate was received through subsidiary Jichuan Pharmaceutical Group and Zenshine Pharmaceutical (Nanjing) Group.The drug is used for the treatment of uncomplicated influenza A and B in adolescents aged 12 years and older.

SHA:600566

Asia31d ago

South Korean Markets Rebound Sharply as Tech Giants Lead Recovery

South Korean stocks closed sharply higher on Tuesday, marking a rebound from the previous session's 8.3% plunge, thanks to strong gains made by technology stocks. Market heavyweights Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added nearly 9% and 16%, respectively, at market close.The Korea Composite Stock Price Index or Kospi rose 612.52 points, or 8.2%, to end at 8,096.93. The Kosdaq also increased by 56.42 points, or 6.2%, to close at 967.81.The volatility prompted the Korea Exchange to deploy "sidecar" mechanisms. It activated a five-minute buy-side sidecar on the country's primary and secondary stock markets on Tuesday morning.A buy-side sidecar was activated for the KOSPI market at 9:12 a.m. after KOSPI200 Futures rose 5.2%. A similar measure was triggered for the KOSDAQ at 9:28 a.m. following a 6.62% jump in KOSDAQ150 Futures.A buy-side sidecar is activated when the KOSPI200 Futures index or the KOSDAQ150 futures rise 5% or more for at least one minute.In corporate news, chipmaker SK Hynix placed an order with Hanmi Semiconductor (KRX:042700) for TC Bonder 4.5 Griffin equipment for HBM4 manufacturing, according to a Monday filing with the Korea Exchange.The contract, worth 44.2 billion won, is valid until Sept. 2.Shares of Hanmi Semiconductor added over 9% at market close.In other news, Xi S&D (KRX:317400) secured a contract worth 141.1 billion won to build an apartment complex and neighborhood commercial facilities in Busan, according to a Tuesday filing with the Korea Exchange.The project comprises the construction of six basement levels and 45 above-ground floors on a site located at Busan's 1394-335 Jung-dong, Haeundae-gu, the filing said.The construction is expected to take 48 months.Shares of Xi S&D, which engages in construction, housing development, and home solution businesses, rose over 3% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:042700

Asia31d ago

China Wafer Level CSP Finds No Insider Trading Ahead of Subsidiary Spinoff

China Wafer Level CSP (SHA:603005) said a self-inspection found no insider trading related to the planned spin-off and listing of subsidiary Anteryon International on the Amsterdam Stock Exchange.The inspection covered the period from Nov. 26, 2025, to May 26, 2026, according to a Tuesday filing with the Shanghai bourse.One individual, Ji Gongping, a family member of a company staffer, traded 800 shares in April. Ji said the trades were independent and not based on insider information.Shares of the chip testing service company rose 3% in recent trade.

SHA:603005

Asia31d ago

Sinolink Securities' Controlling Shareholder Proposes Share Buyback of Up to 300 Million Yuan

Sinolink Securities' (SHA:600109) controlling shareholder, Changsha Yongjin (Group), proposed to repurchase shares worth between 150 million yuan and 300 million yuan, according to a Shanghai bourse filing on Tuesday.The shares will be bought back within three months after the approval of the board of directors.The repurchased shares will be used to maintain the company's value and to protect shareholders' interests.The securities company's shares rose 3% at the close.

SHA:600109

Asia31d ago

IRay to Exercise Early Redemption of Convertible Bonds

IRay Technology (SHA:688301) decided to exercise the early redemption of the iRay Convertible Bonds, according to a Shanghai bourse filing on Tuesday.The company is given the option to redeem the convertible bonds early after its share price is at 130% of its current conversion price for at least 15 trading days.The X-ray system components maker's closing share price was at 149.46 yuan per share between May 19 and June 8.The six-year convertible bond's term is between Oct. 24, 2022 and Oct. 23, 2028. It initial conversion price is 499.89 yuan per share.

SHA:688301

Asia31d ago

AMMB Unit Buys Menara AmBank for MYR331 Million

AMMB (KLSE:AMBANK) unit AmBank (M) agreed to acquire Menara AmBank skyscraper and its related assets for 331 million ringgit, according to an Monday Malaysian bourse filing.Menara AmBank, a 46-story office tower in Kuala Lumpur's Golden Triangle, will be purchased in cash, with 23.2 million ringgit paid as a deposit, and 9.9 million ringgit retained for real property gains tax. The rest of the payment will be made once key approvals are obtained, including from AmFIRST REIT unitholders and the Ministry of Economy.AMMB said the acquisition will secure long-term occupancy for AmBank, which already uses about 66% of the building as its anchor tenant, while also offering expansion flexibility.The deal is slated for completion in the fourth quarter of 2026, it said.

KLSE:AMBANK

Asia32d ago

Japanese Shares Rebound as Investor Interest in Tech Stocks Recovers

Japanese shares rebound on Tuesday to close higher driven by the renewed interest in AI and semiconductor related shares coupled, and the hope of a resolution to the Middle East crisis.The Nikkei 225 climbed 2.2%, or by 1,392.03 points, to end at 65,416.63.Movement in the domestic market tracked Wall Street's overnight gains that were driven by the recovery made by chipmakers after Friday's selloff.Investors were enthused as the rise in global oil prices eased after Israel and Iran said they would halt attacks on each other for now.On the domestic front, Japanese investors sold 2.72 trillion yen worth of foreign stocks net in May, which is seen as the fastest pace of sell off in about five years amid the Middle East conflict and questions over a tech-driven market rally.Also, Japan's machine tool orders increased 37.4% year over year in May to 176.8 billion yen, easing from the 45.1% expansion in April, according to preliminary data from the Japan Machine Tool Builders' Association released Tuesday.Among companies, Smaregi (TYO:4431) declared a final dividend of 24 yen per share for the fiscal year ended April 30, up from 15 yen per share a year earlier, according to a Monday filing with the Tokyo Stock Exchange.Also, Panasonic (TYO:6752) aims to nearly triple AI infrastructure sales to almost 1.4 trillion yen by the fiscal year ending March 2029, driven by enhanced products and increased production. It aims to invest 500 billion yen to improve its devices and systems, as well as expand production, according to an investor presentation on Monday.

Nikkei 225TYO:4431TYO:6752

Asia32d ago

Market Chatter: Malaysia's Electrical, Electronics Exports to Exceed MYR800 Billion in 2026

Malaysia Semiconductor Industry Association President Wong Siew Hai expects growth in the country's electrical and electronics export market to continue in 2026, according to a Tuesday report.In an interview with Bloomberg TV, the nation's chip industry chief said such exports could top 800 billion ringgit in the current year, up from 711 billion ringgit in 2025 and 601 billion ringgit in 2024.Wong also said, according to the report, that local chip companies are "so far doing well" despite the impact of the ongoing war in Iran on costs for semiconductor manufacturing.(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.)

FTSE Bursa Malaysia KLCI

Asia32d ago

Zhangjiang Hi-Tech Park Development Unit Forms 200 Million Yuan Partnership; Shares Up 5%

Shanghai Zhangjiang Hi-Tech Park Development (SHA:600895) said its unit, Zhangjiang Haocheng Venture Capital, will jointly establish a 200-million-yuan joint venture, Shanghai Haoju Puchuang Enterprise Management Partnership, with Shanghai Pudong Leading Area Investment Center.Zhangjiang Haocheng Venture Capital will contribute 100 million yuan as a limited partner, while Zhangjiang Haoke Technology Development will contribute 1 million yuan as a general partner, according to a Tuesday filing with the Shanghai bourse.The 10-year partnership will focus on strategic emerging industries, including integrated circuits.Shares of the real estate developer rose nearly 5% in recent trade.

SHA:600895

Asia32d ago

Lemon Tree Hotels Appoints Chief Digital and Transformation Officer

Lemon Tree Hotels (NSE:LEMONTREE, BOM:541233) on Monday appointed Kartikeya Kumar Singh as chief digital and transformation officer and a senior management personnel, according to a same-day filing on Indian bourses.The company's shares were up nearly 2% in Tuesday's trade.He joins from Coca-Cola India, where he was chief information officer for India and South West Asia, the company said in the filing.

BOM:541233NSE:LEMONTREE

Asia32d ago

Lemon Tree Hotels Signs Franchise Agreement for New Property in Jaipur, India

Lemon Tree Hotels (NSE:LEMONTREE, BOM:541233) has signed a franchise agreement for an 88-room property named Keys Prima by Lemon Tree Hotels at Jaipur in Rajasthan, India, according to a Monday filing to the Indian stock exchanges.The company's shares were up nearly 2% in Tuesday's trade.The property expands the company's footprint in Rajasthan to 23 hotels, including 13 operational and 10 upcoming properties.

BOM:541233NSE:LEMONTREE

Asia32d ago

Medallion Metals Advances Cosmic Boy Concentrator Refurbishment, Commissioning on Track for Q2, 2027

Medallion Metals (ASX:MM8) completed front-end engineering and design for the refurbishment and modification of the Cosmic Boy concentrator, with early works underway and long-lead equipment fabrication well advanced ahead of planned treatment of ore from its Ravensthorpe gold project, according to a Monday Australian bourse filing.The company executed an AU$7.6 million early works agreement with GR Engineering Services (ASX:GNG), with the engineering, procurement, and construction contract expected to be finalized in July and secondary ball mill delivery expected in August.Commissioning of the Cosmic Boy concentrator on the Ravensthorpe gold project ore remains on track for the second quarter of calendar 2027, it added.

ASX:GNGASX:MM8

Asia32d ago

Shangtai Tech to Provide Guarantee to Malaysian Subsidiary for MYR31.5 Million Project

Shijiazhuang Shangtai Technology (SHE:001301) will provide an irrevocable joint and several liability guarantee to subsidiary Shangtai Technology (Malaysia) to cover funds for a 31.5 million Malaysian ringgit project, according to a Shenzhen bourse filing on Tuesday.The project involves the construction of a lithium-ion battery anode material plant in Malaysia with an annual production capacity of 50,000 tonnes.FHL Construction will undertake the project's construction.Shares of the lithium-ion battery anode material manufacturer rose nearly 2% in afternoon trading.

SHE:001301

Asia32d ago

Horizon Gold Encounters Consistent High-Grade Intercepts at Western Australia Gold Project

Horizon Gold (ASX:HRN) said reverse circulation drilling at its Gum Creek gold project's Swift, Eagle, Goldfinch, and Shrike South deposits in Western Australia encountered consistent high-grade gold intercepts, according to a Monday Australian bourse filing.The results yielded up to six meters at 5.13 grams per tonne gold from 95 meters, including two meters at 14.7 grams per tonne gold from 98 meters.

ASX:HRN

Asia32d ago

Yunnan Yuntianhua to Invest 2.74 Billion Yuan in Recycling Projects

Yunnan Yuntianhua (SHA:600096) subsidiaries will invest 2.74 billion yuan in two green demonstration projects, according to a filing with the Shanghai bourse.Tian'an Chemical will invest 1.58 billion yuan in a sulfur recycling project supporting new energy battery precursor materials.Environmental Protection Technology will invest 1.16 billion yuan in a project that will process 1.5 million tons of phosphogypsum annually into cement and sulfuric acid.

SHA:600096

Asia32d ago

Anhui Jianghuai Automobile Logs Lower Sales, Production in May; Shares Down 3%

Anhui Jianghuai Automobile or JAC Motors' (SHA:600418) sales fell 18% to 27,332 units in May from 33,351 units the previous year.Production declined 22% year over year to 27,285 units from 35,031 units, according to a Tuesday filing with the Shanghai bourse.Shares fell 3% in recent trade.

SHA:600418

Asia32d ago

Australian Shares Flat; oOh!media Confirms Non-Binding Indicative Offer From Bain Capital

Australian shares were flat with a negative bias on Tuesday as investors weighed in on the cessation of strikes between Israel and Iran after an exchange over the weekend.The S&P/ASX 200 Index was little changed to close at 8,604.20.Brent crude oil futures fell to trade at around $93 per barrel after indications of de-escalation between Israel and Iran.On Wall Street, the Nasdaq fell over 4% on Friday, but rebounded 0.9% overnight. Stronger economic activity and job growth in the US led investors to expect the Federal Reserve to delay its rate cuts.On the domestic front, Australia's consumer confidence fell further into pessimistic territory in June as cost-of-living pressures, weakening household finances, and softer housing expectations continued to weigh on sentiment. The Westpac-Melbourne Institute Consumer Sentiment Index fell 2.9% to 80.6 in June from 83 in May.Business confidence in Australia lifted off a low base, rising 10 points to negative 14 index points in May. However, it is still weak, and margin pressures are likely to remain a factor for businesses in the months ahead, according to the NAB Monthly Business Survey. Sentiment remains negative across all industries despite the increase, and overall conditions continue to track below average through the year.The total value of residential dwellings in Australia rose 2.5% in the March quarter, settling at AU$12.773 trillion. The mean price of residential buildings rose AU$22,300 to AU$1.1 million in the quarter.In company news, oOh!media (ASX:OML) confirmed that it has received conditional non-binding indicative offers from Bain Capital and other financial sponsors, consistent with the terms of the I Squared Capital proposal. The company on May 11 said it received an unsolicited, non-binding takeover offer from I Squared Capital to acquire the company for AU$1.45 per share in cash via a scheme of arrangement.James Hardie Industries (ASX:JHX) has been served with a group proceeding in the Supreme Court of Victoria on behalf of investors who acquired securities between May 21, 2025, and Aug. 19, 2025, alleging that it breached regulations in relation to forward-looking statements about its forecast financial performance. It denied the allegations and said it will vigorously defend the case.Coast Entertainment Holdings (ASX:CEH) said Queensland's State Assessment and Referral Agency (SARA) has issued its referral agency response to the Deputy Premier and Minister for State Development, Infrastructure and Planning regarding the company's Dreamworld precinct development application. SARA's response is the penultimate step in the call-in process and is submitted to the Minister for consideration ahead of a final decision.

ASX 200ASX:CEHASX:JHXASX:OML

Asia32d ago

Indonesia's Central Bank Raises Interest Rates by 25 Basis Points in Surprise Move

In a surprise move, Bank Indonesia on Tuesday raised interest rates by 25 basis points to stabilize the rupiah.The interest-rate hike takes the central bank's benchmark to 5.50% after the rupiah hit a record low near 18,190 per US dollar.The deposit facility interest rate has been raised by 25 bps to 4.50%, and the lending facility interest rate by 25 bps to 6.25%.

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Asia32d ago

Australian Shares Flat; oOh!media Confirms Non-Binding Indicative Offer From Bain Capital

ASX 200ASX:CEHASX:JHXASX:OML