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Anhui Heli Vice Chairman Retires

Anhui Heli (SHA:600761) Vice Chairman Xue Bai stepped down after reaching retirement age, according to a Saturday disclosure to the Shanghai bourse.General Manager Zhou Jun will become chairman, the filing said.

$SHA:600761

Asia26d ago

Anhui Anfu Battery Technology Chairman Retires

Anhui Anfu Battery Technology (SHA:603031) Chairman Xia Maoqing stepped down upon reaching retirement age, according to a Saturday filing with the Shanghai bourse.Yu Bin will succeed Xia as chiarman, the filing said.

$SHA:603031

Asia26d ago

Hubei Chutian Smart Communication Issues 1 Billion Yuan in 90-Day Bonds

Hubei Chutian Smart Communication (SHA:600035) issued 1 billion yuan in 90-day bonds, according to a Saturday filing with the Shanghai bourse.The bonds have an issuance rate of 1.4%, with 3.01 billion yuan in subscriptions.Industrial Bank (SHA:601166) is the bookkeeping manager and lead underwriter, while CITIC Bank (HKG:0998, SHA:601998) is the joint lead underwriter.

$HKG:0998$SHA:600035$SHA:601166$SHA:601998

Asia26d ago

Vietnam Approves Zero Fuel Taxes Through June

Vietnam's National Assembly approved a resolution to cut environmental protection, value-added and excise taxes on petrol, oil and aviation fuel to zero, state media, Vietnam News Agency reported Sunday.The measure covers petrol, diesel, kerosene, mazut and aviation fuel, while input VAT remains deductible for businesses.The resolution takes effect from April 16 to June 30, and allows the government to adjust its duration or provisions based on market conditions, subject to reporting to parliament, the report said.

$^HNX$^HOSE

Asia26d ago

CIG Shanghai Shareholders to Offload Stakes

CIG Shanghai (SHA:603083) controlling shareholder Cambridge Industries, or CIG Cayman, and Shanghai Kangling Technology will both reduce their stakes in the listed company, according to a Saturday filing with the Shanghai bourse.CIG Cayman plans to offload up to 8 million shares, equivalent to about 2.27%, while Kangling plans to reduce its stake by about 1.5 million shares or 0.41%.The total shareholding to be offloaded is 9.5 million shares, or about 2.69%, the filing said.

$SHA:603083

Asia26d ago

Market Chatter: Japan to Deepen Alliance with Asian Neighbors as Oil Supply Risks Mount

Japan will deepen cooperation with Asian neighbors that make essential petroleum-based products to alleviate supply chain bottlenecks, Bloomberg News reported Sunday, citing Economy Minister Ryosei Akazawa.Japan holds ample oil reserves, but struggles to identify constraints as distribution networks have become more complex, Akazawa reportedly said during a debate program aired on broadcaster NHK.Akazawa said authorities are now using AI tools and are gathering information to pinpoint bottlenecks, the report said.Gasoline subsidies will continue as Japan is set to face a prolonged period of elevated prices, as oil is unlikely to return to $60-$70 per barrel anytime soon, the report quoted Akazawa as saying.(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.)

$^N225

Asia26d ago

LS Electric Wins KRW170.3 Billion Power Infrastructure Supply Contract from US Subsidiary

LS Electric (KRX:010120) secured a power infrastructure supply deal from its US subsidiary LS Electric America, according to a Monday filing with the Korea Exchange.The contract, valid till Dec. 31, is valued at 170.3 billion. Under the deal, the South Korean electrical equipment manufacturer will supply switchgear and distribution transformers to LS Electric America, which has secured a North American hyperscale data center power infrastructure project, the filing said.Shares of LS Electric plunged more than 77% at market close.

$KRX:010120

Asia26d ago

SH Group Unit Nominated as Sub-Contractor for Electrical, Mechanical System Supply

SH Group (Holdings) (HKG:1637) unit Shun Hing E & M Engineering signed and returned a letter of intent it received nominating it as a sub-contractor for the supply and installation of various electrical and mechanical systems, according to a Monday Hong Kong bourse filing.The contract has a value of around HK$150 million, the engineering services company said.

$HKG:1637

Asia26d ago

Sinopec Reduces Stake in China Merchants Energy Shipping

China Petroleum & Chemical (HKG:0386, SHA:600028) or Sinopec will reduce its shareholding in China Merchants Energy Shipping (SHA:601872) by about 80.7 million shares, according to a Saturday filing with the Shanghai bourse.The reduction will be equivalent to not more than 1% of China Merchants' share capital, the filing said.Sinopec is the company's second-largest shareholder.

$HKG:0386$SHA:600028$SHA:601872

Asia26d ago

Shanghai Huafon Aluminium Directors Approve 3-Billion-Yuan Aluminum Project

Shanghai Huafon Aluminium (SHA:601702) directors approved the construction of a 550,000-ton-per-year high-end aluminum sheet, strip, and foil project, according to a Saturday filing with the Shanghai bourse.The company will invest up to 3 billion yuan for the project.

$SHA:601702

Asia26d ago

Hong Kong Adopts Conservative Approach in Stablecoin Push, S&P Says

The granting of licenses to two stablecoin issuers in Hong Kong points to a conservative approach for regulators, S&P Global Ratings said in a recent release.Regulators have chosen banks, rather than less-regulated players, to be the face of the development of stablecoins in Hong Kong, with the first licenses granted to Hong Kong and Shanghai Banking and Anchorpoint Financial, a joint venture led by Standard Chartered Bank, S&P said.These banks will be able to offer issuance, trading, lending, investment, and payments on a single platform, gaining strong network effects and creating user stickiness, according to credit analyst Will Hay.Stablecoins could anchor the creation of a broader digital asset market in the city given its mutual connection with tokenization, S&P said.Wealth management could offer opportunities, with stable coin-linked products or digital assets expanding banks' product offerings and fee pools and mainland Chinese clients exploring crypto products, the rating agency said.On the other hand, cheaper cross-border settlement options using stablecoins could be disruptive for banks, according to S&P.

$^HSI

Asia26d ago

SDIC Signs Three-Year Financial Services Agreement

SDIC Power Holdings (SHA:600886) signed a three-year financial services agreement with Rongshi International Treasury Management, according to a Saturday filing with the Shanghai bourse.Under the agreement, SDIC's maximum daily deposit balance with Rongshi should not exceed 15 billion yuan, while the maximum daily loan amount should not exceed 20 billion yuan, the filing said.

$SHA:600886

Asia26d ago

Japan Approves Additional Funding for Chipmaker Rapidus

Rapidus has secured additional funding from Japan's New Energy and Industrial Technology Development Organization (NEDO) for its fiscal year 2026 plans to accelerate next-generation 2nm logic semiconductor development.The approval covers two projects: front-end process R&D for 2nm integration and short-TAT manufacturing, and back-end development for chiplet, package design, and manufacturing tech, according to a statement on Sunday.The approved funding totalled 631.5 billion yen, according to a Reuters News report, citing Japan's industry ministry.In fiscal year 2025, Rapidus verified Japan's first 2nm GAA transistor on 300mm wafers and prototyped the industry's first organic RDL interposer using a 600mm square panel.With the new budget, Rapidus will now progress toward its target of starting mass production in 2027.Rapidus was established in August 2022 with the support of eight major Japanese companies: Denso(TYO:6902), Kioxia(TYO:285A), MUFG Bank (TYO:8306), NEC(TYO:6701), NTT (TYO:9432), SoftBank(TYO:9984), Sony (TYO:6758), and Toyota (TYO:7203)

$TYO:285A$TYO:6701$TYO:6758$TYO:6902$TYO:7203$TYO:8306$TYO:9432$TYO:9984

Asia26d ago

Mitrajaya Unit Bags MYR54 Million Data Center Works Deal

Mitrajaya (KLSE:MITRA) unit, Pembinaan Mitrajaya, secured a deal worth 54 million ringgit from NEXTDC for early works on the KL1 Stage 4 data center project in Kuala Lumpur, Malaysia.The contract involves construction works for the ST4-GC01 phase and is scheduled for completion by October, according to a Monday Malaysian bourse filing.The project is expected to contribute positively to the company's earnings and net assets for the financial year ending December, it said.

$KLSE:MITRA

Asia26d ago

United Overseas Bank Repurchases, Cancels Shares Worth SG$1.4 Million

United Overseas Bank (SGX:U11) bought back and canceled 37,000 shares worth nearly SG$1.4 million in the open market on Monday, according to a same-day filing with the Singapore Exchange.The bank has been authorized to buy back around 83.5 million shares. To date, it has bought back nearly 20.6 million shares.

$SGX:U11

Asia26d ago

TSH Resources Repurchases More Shares

TSH Resources (KLSE:TSH, SGX:TSH) bought back 260,000 shares for 358,094 ringgit on Monday, according to a same-day disclosure on the Singapore bourse.The shares were repurchased between 1.36 ringgit and 1.38 ringgit apiece, the dual-listed oil palm cultivation and wood products company said.

$KLSE:TSH$SGX:TSH

Asia26d ago

Market Chatter: KKR's Japan Unit Eyes 450 Trillion Yen Property Sell-Off Market for Expansion

Private equity firm KKR Japan plans to expand acquisitions by buying corporate divestment properties, tapping a 450 trillion yen market, Bloomberg reported Monday, citing Naoki Suzuki, president of KJRM -one of the nation's largest asset managers.KJRM sees substantial profit potential in this trend, with the KKR unit's real estate holdings surging 20% to approximately 2.53 trillion yen in 2025, the publication said.Japanese firms, including many across industries facing pressure from both policymakers and investors, are being pushed to shed non-core assets such as real estate, the news wire 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.)

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Asia26d ago

Edvantage Group Warns of Lower Six-Month Profit

Edvantage Group (HKG:0382) expects a decline in profit attributable for the six months ended Feb. 28 to 101.5 million yuan from 243.7 million yuan previously, according to a Monday Hong Kong bourse filing.The operator of Chinese colleges attributed the forecast to a drop in student enrollments, a higher cost of sales amid strategic investments, and an impairment loss on goodwill allocated to certain cash-generating units.

$HKG:0382

Asia26d ago

EP Manufacturing Seeks Renewal of Transactions Authority

EP Manufacturing (KLSE:EPMB) is seeking to renew its authorization to conduct revenue-generating transactions at its upcoming annual general meeting, according to a Monday Malaysian bourse filing.The company will share a statement containing details of the plans with shareholders in due time, it said.

$KLSE:EPMB

Asia26d ago

Kingdee International Software Logs 19% Higher Annual Recurring Subscription Revenue in Q1

Kingdee International Software Group (HKG:0268) recorded an annual recurring revenue from subscription services of around 4.22 billion yuan as of March 31, up 19% from a year prior, according to a Monday Hong Kong bourse filing.In the first quarter, the contract value of AI-native products, that is the Kingdee AI Suite, reached 230 million yuan.The net dollar retention of AI+SaaS products, namely Kingdee AI Constellation, Kingdee AI Galaxy, and Kingdee AI Stellar was 103%, 96% and 94%, respectively.

$HKG:0268

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