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Hangzhou SF Intra-city Industrial Announces HK$400 Million Share Buyback

Hangzhou SF Intra-city Industrial (HKG:9699) said it plans to buy back up to HK$400 million of its H shares from the open market, according to a Monday filing with the Hong Kong bourse.The company will finance the buyback from internal resources.

HKG:9699

Asia32d ago

NZX Midday Sector Update: Transportation Advances, Commercial Services Fall

Transportation shares gained the most on New Zealand's Exchange, rising almost 2% by midday Tuesday.Auckland International Airport (NZE:AIA, ASX:AIA) gained past nearly 3% in recent trade.Meanwhile, the commercial services sector fell 1%.PGG Wrightson (NZE:PGW) was down nearly 1% in recent trade.

^NZ50ASX:AIANZE:AIANZE:PGW

Asia32d ago

Chinasoft International Controlling Shareholder Buys Shares

Chinasoft International (HKG:0354) said its major shareholder and chairman Chen Yuhong bought 3 million shares of the company from the open market, according to a Monday filing with the Hong Kong bourse.Chen bought the shares on June 8 for an average price of HK$4.022, or HK$12.1 million in total.The shares bought represent 0.11% of the company's issued share capital and bumped Chen's ownership to 12.01% of the business.

HKG:0354

Asia32d ago

TCS Launches New Unit to Help Enterprises Build AI-Native Global Capability Centers

Indian technology company Tata Consultancy Services (NSE:TCS, BOM:532540) has launched a dedicated business unit to help enterprises build AI-native global capability centers, according to a Monday filing to the Indian stock exchanges.Soumen Roy, who was most recently head of TCS Canada, has been appointed as head of TCS Global Value & Innovation Centres Business Unit (TCS GVIC).The unit offers end-to-end services including strategy, setup, and AI-led transformation, leveraging a Human + AI operating model.

BOM:532540NSE:TCS

Asia32d ago

Qube Says Rubik Australia Received Scheme Approval From Papua New Guinea Independent Consumer, Competition Commission

Qube (ASX:QUB) said Rubik Australia received approval from the Papua New Guinea Independent Consumer and Competition Commission in relation to the scheme implementation deed under which it has agreed to acquire 100% of the shares in company, according to a Tuesday filing with the Australian bourse.The company secured a majority of the required third-party consents or waivers under the specified contracts, with the pending regulatory approvals for scheme implementation already in progress, the filing said.The board unanimously recommended that shareholders vote in favor of the scheme, provided there is no superior proposal and the independent expert continuing to conclude that the scheme is in the best interest of shareholders, per the filing.

ASX:QUB

Asia32d ago

Accelink Technologies to Use Share Placement Proceeds to Replace Funds; Shares Up 3%

Accelink Technologies (SHE:002281) decided to use part of the proceeds from its private share placement to replace funds invested in some projects and expenses, according to a Shenzhen bourse filing on Tuesday.The company previously raised net proceeds worth 3.48 billion yuan from the share placement.Part of the proceeds will be used to replace the 164.7 million yuan invested in a computing center project and the 1.8 million yuan that was used to pay issuance expenses.The optical components and subsystems producer's shares rose 3% during the morning trade.

SHE:002281

Asia32d ago

Bank of Ningbo Redeems 6 Billion Yuan Tier 2 Capital Bonds

Bank of Ningbo (SHE:002142) fully redeemed Tier 2 capital bonds worth 6 billion yuan, according to a Shenzhen bourse filing on Tuesday.The lender has the right to redeem the bonds, which were issued in 2021, on the last day of its fifth year.The bank's shares rose more than 2% in recent trade.

SHE:002142

Asia32d ago

Datang Renewable Completes 1 Billion Yuan Bond Offering

China Datang Renewable Power (HKG:1798) completed the third tranche of its renewable corporate bond issuance, raising 1 billion yuan in total, according to a Monday filing with the Hong Kong bourse.The bonds carry interest at a rate of 1.64% and mature in three years.The firm will use proceeds from the sale to repay existing debt and invest in projects.

HKG:1798

Asia32d ago

Korea Exchange Halts Kospi, Kosdaq Trading for Five Minutes After Strong Purchasing Spree

The Korea Exchange activated a five-minute buy-side sidecar on the country's primary and secondary stock market on Tuesday morning after investors rushed to purchase stocks amid a rebound in technology stocks and U.S. President Donald Trump's announcement on Truth Social of a ceasefire between Israel and Iran.The Korea Exchange announced the order at 9:12 am after the KOSPI200 Futures added 60.80 points, or 5.2%, to trade at 1,239.05.The five-minute buy-side sidecar on Kosdaq was activated at 9:28 am after the KOSDAQ150 Futures also rose by 104.10 points, or 6.62%, to trade at 1,676.30.A buy-side sidecar is activated when the KOSPI200 Futures index or the KOSDAQ150 futures rise 5% or more for at least one minute.

^KOSDAQKOSPI

Asia32d ago

Yageo's Sales Jump 48% in May

Yageo (TPE:2327) posted consolidated sales of NT$15.06 billion in May, up 48% from a year earlier.On a month-over-month basis, revenue rose 7.3%, according to a Monday filing with the Taiwan Stock Exchange.The company attributed the increase to sustained demand from AI-related applications.Looking ahead, Yageo said customer inventories are at healthy levels, but it remains cautious amid geopolitical uncertainties.

TPE:2327

Asia32d ago

Formosa Petrochemical's Revenue Jumps 27% Year on Year in May

Formosa Petrochemical (TPE:6505) reported consolidated operating revenue of NT$57.8 billion in May, up 27% from NT$45.5 billion a year earlier, according to a Monday filing with the Taiwan Stock Exchange.The rise is attributable to higher sales prices, the company said.On a month-over-month basis, revenue fell 6.1% from NT$61.5 billion in April, driven by lower sales prices, partially offset by higher volumes.

TPE:6505

Asia32d ago

Pentagon Accuses Alibaba, Tencent, BYD of Ties to Chinese Military

The Pentagon added several major Chinese companies, including Alibaba (HKG:9988), Tencent (HKG:0700), BYD (HKG:1211, SHE:002594), CATL (SHE:300750, HKG:3750), Baidu (HKG:9888), and Nio (HKG:9866), to its list of "Chinese military companies," according to a notice published on MondayThe U.S. Department of Defense said the companies were designated under Section 1260H, which requires the agency to identify entities it deems linked to China's military or supporting military-civil fusion efforts.The updated list also includes Huawei Technologies, DJI, Semiconductor Manufacturing International (HKG:0981, SHA:688981), China Mobile (HKG:0941, SHA:600941), China Telecom (HKG:0728), and China Unicom (HKG:0762), among others.Also included on the list was WuXi AppTec (HKG:2359, SHA:603259), one of China's largest pharmaceutical research and manufacturing services providers.The companies were included in a previous version of the list that was briefly posted in February before being withdrawn minutes later without explanation, Bloomberg News reported separately.WuXi AppTec said separately in a statement that its inclusion on the list was "clearly a mistake" and that it would take immediate steps to challenge the designation.The company said it does not meet the statutory criteria for a "Chinese military company" and is not owned, controlled by, or affiliated with any Chinese military or government entity.While the designation carries limited immediate legal consequences, the Pentagon has increasingly used the list to restrict companies' access to U.S. military contracts and research funding, Bloomberg said.A 1260H designation is also reportedly viewed as a warning to U.S. investors and can precede tougher trade or regulatory restrictions.

HKG:0700HKG:0728HKG:0762HKG:0941HKG:0981HKG:1211HKG:2359HKG:9866HKG:9888HKG:9988SHA:600941SHA:603259SHA:688981SHE:002594SHE:300750

Asia32d ago

Unimicron Unit Qunce Technology Files for Hong Kong Listing

Unimicron Technology (TPE:3037) said its subsidiary Qunce Technology submitted an application for listing on the Main Board of the Hong Kong Exchange, according to a Monday filing with the Taiwan exchange.Unimicron's shareholders approved the proposed listing at the company's annual general meeting on May 29, the filing said.Unimicron, through subsidiary Unimicron Holding and indirectly wholly owned unit Suzhou Qunye Enterprise Management, holds 1.32 billion shares in Qunce, representing 90.44% of the company's issued share capital.

TPE:3037

Asia32d ago

First Financial Unit to Issue NT$1.5 Billion Financial Bonds

First Financial's (TPE:2892) subsidiary, First Commercial Bank, plans to issue NT$1.5 billion of senior unsecured financial bonds to fund social project lending, according to a Monday filing with the Taiwan exchange.The bonds will be issued on June 26 and mature on June 26, 2031, carrying a coupon rate of 1.74%.The offering will be issued at par, with a face value of NT$10 million per bond.

TPE:2892

Asia32d ago

Ruichang International CEO Increases Stake in Firm

Ruichang International (HKG:1334) said its controlling shareholder and chief executive, Lu Bo, bought 1.37 million shares of the company from the open market, according to a Tuesday filing with the Hong Kong bourse.Lu purchased the shares for around HK$1.4 million.

HKG:1334

Asia32d ago

Market Chatter: Sony to Launch New Xperia with AI Camera Features

Sony (TYO:6758) will release a new flagship Xperia smartphone on Thursday, equipped with artificial intelligence camera capabilities, as the company seeks to recover from power issues that affected its previous model, Nikkei Asia reported Tuesday.The predecessor, Xperia 1 VII, suffered a manufacturing defect causing sudden power-offs or restarts, forcing Sony to halt sales for two months and issue a recall, the news agency said.Sony has long struggled in the smartphone market against dominant players like Apple and Samsung, with Apple holding roughly half of Japan's market share in 2025, the publication said.According to the MM Research Institute, Sony ranked seventh in Japan, trailing Google, Samsung Electronics (KRX:005930), Sharp (TYO:6753), FCNT, and Oppo, 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.)

KRX:005930TYO:6753TYO:6758

Asia32d ago

News Corp's Content Agency Launches Retail Media Division

News Corp's (ASX:NWS) Australia content agency, Suddenly, launched a retail media division, partnering with liquor retailer and Endeavour Group (ASX:EDV) unit BWS to manage non-endemic sales for its national in-store screen network, the media and information services company said in a statement on Tuesday.Jennifer Stokes joins the content agency as retail media director to lead the new division, the statement said.News Corp shares rose 2% in morning trade on Tuesday.

ASX:EDVASX:NWS

Asia32d ago

KDX Realty to Divest Osaka Retail Facility

KDX Realty Investment's (TYO:8972) asset manager has decided to dispose of a property known as Life Takadono (Land) for an anticipated price of 3.69 billion yen, according to a Tokyo bourse filing on Monday.The property, located in Osaka's Asahi-ku and leased to a supermarket chain tenant, has generated stable cash flow but offers limited upside for rent growth.The disposal, scheduled for Dec. 1, is expected to yield a gain of 330 million yen above the assumed book value.

TYO:8972

Asia32d ago

Matsuya's May Sales Jump 18%, Customer Traffic Slips 3.5%

Matsuya (TYO:8237) recorded an 18% year-on-year increase in total department store sales for May, according to a Monday filing on the Tokyo Stock Exchange.Sales at the Ginza store jumped 19%, while sales at the Asakusa location inched up 2.4%.In May, customer traffic at Ginza stores fell 7.1% but gained 2.9% at Akasuka stores. Matsuya's total customer traffic slipped 3.5% year on year.Matsuya's shares rose nearly 2% in recent trade.

TYO:8237

Asia32d ago

Market Chatter: Nippon Steel to Double Investment for Pennsylvania Plant Upgrade

Nippon Steel (TYO:5401) will invest $2 billion to $2.5 billion to modernize subsidiary U.S. Steel's Mon Valley Works in Pennsylvania, more than double its original $1 billion commitment, Nikkei Asia reported on Tuesday.The investment will fund upgrades to aging equipment at the facility, which is the oldest in U.S. Steel's portfolio, according to the report.Construction of a new hot strip mill at the Edgar Thomson Plant is scheduled to begin in the second half of this year and last about three years, the publication said.The project is expected to support as many as 6,000 jobs at peak investment and deliver an economic impact of up to $1.7 billion, the report said.Nippon Steel didn't immediately respond to a request fromfor comment.(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:5401

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Asia32d ago

Pentagon Accuses Alibaba, Tencent, BYD of Ties to Chinese Military

HKG:0700HKG:0728HKG:0762HKG:0941HKG:0981HKG:1211HKG:2359HKG:9866HKG:9888HKG:9988SHA:600941SHA:603259SHA:688981SHE:002594SHE:300750