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Sub Sri Thai Names CFO

Sub Sri Thai (BKK:SST) appointed Budsabong Pansawadi as chief financial officer, effective July 1, succeeding Prajak Jangsangtong, according to a Tuesday Thailand Exchange filing.Jangsangtong will step down from the CFO role on June 30, the warehouse and document storage company said.

BKK:SST

Asia4d ago

S&P Bumps TSMC's Outlook to Positive on Leading Market Position

S&P Global Ratings has changed the outlook on Taiwan Semiconductor Manufacturing's (TPE:2330) AA- long-term issuer credit rating to positive from stable, while affirming the rating, according to a recent release.The company's solid EBITDA and free operating cash flow expansion amid rising technology and scale challenges for peers support the outlook revision, S&P said.Revenue and margin strengths have bolstered the company's position in the global semiconductor foundry sector, with a major share in semiconductor foundry services for advanced high-performance computing chips.The company has a 72% total revenue share among 10 major global foundry service providers, with a revenue scale that is about 8.7 times larger than its closest rival last year, S&P said.Robust metrics should aid in maintaining an expanding net cash position, even with increased capital expenditure and cash dividends in the next one to two years, the rating agency said.The company is capable of narrowing business volatility given broad-end applications and technology leadership, even with likely uncertainty in AI investments, S&P said.

TPE:2330

Asia4d ago

Ulvac Approves Unit Demerger for Planned Flat Panel Display Business Integration in China

Ulvac (TYO:6728) board approved an incorporation-type demerger of its consolidated subsidiary as part of a planned integration of its flat panel display target materials business with a joint venture in China, according to a Tokyo bourse filing on Tuesday.The vacuum technology company said that the target business is currently held by its South Korea-based consolidated subsidiary, Pure Surface Technology, and the split will be conducted as a "human demerger."The demerger, subject to conditions, is scheduled to be effective Aug. 11, and the target business will be transferred to a newly established company.

TYO:6728

Asia4d ago

Cenra Unit Secures NT$5 Billion Syndicated Credit Facility

Cenra (TPE:3716) unit CPH has signed a NT$5 billion syndicated credit facility agreement with a group of lenders led by Mega International Commercial Bank and Taipei Fubon Bank, according to a Tuesday Taiwan Exchange filing.The seven-year facility will be used to refinance existing borrowings, replenish medium-term working capital and optimize the subsidiary's financial structure.

TPE:3716

Asia4d ago

China Ruifeng Renewable Energy Eyes HK$185.7 Million from Share Placement; Shares Slide 5%

China Ruifeng Renewable Energy (HKG:0527) agreed to place between 80 million and 342.9 million shares to raise net proceeds of HK$185.7 million, according to a Tuesday Hong Kong bourse filing.Shares of the wind farm operator were down nearly 5% in Wednesday afternoon trading.The shares, which will be placed to at least six investors at a net issue price of HK$0.54 apiece, represent 16.67% of the company's enlarged issued share capital.The company will use proceeds for future development and replenishment of general working capital.

HKG:0527

Asia4d ago

AI-Driven Boom to Benefit Tech-Heavy Asia-Pacific Economies, S&P Says

Asia-Pacific economies with significant tech manufacturing will benefit from an AI-linked tech export boom, S&P Global Ratings said Wednesday.The benefits from the AI tech rally will counter the adverse effects from the energy shock in these economies, S&P Asia-Pacific chief economist Louis Kuijs said.S&P sees possible upward GDP estimate revisions for markets with solid tech shipments, mainly South Korea and Taiwan, as well as Malaysia, Singapore, and Thailand.Meanwhile, the impact of the energy shock has dampened growth forecasts for India, Japan, New Zealand, and the Philippines, S&P said.The rating agency's forecast for China remains stable as strong export dynamics offset weaker domestic demand.S&P maintained its baseline GDP growth forecasts in the region excluding China at 4.5% for 2026 and 4.4% for 2027.

^BSEFTSE Bursa Malaysia KLCI^KOSDAQKOSPINikkei 225Nifty 50^NZ50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted

Asia4d ago

Central China Management's Substantial Shareholder Cuts Stake; Shares Gain 16%

Central China Management's (HKG:9982) substantial shareholder, Joy Bright Investments, agreed to sell shares in the company for a total of HK$48.3 million, according to a Tuesday Hong Kong bourse filing.Joy Bright, which is wholly owned by Chairman Wu Po Sum, entered into separate agreements to sell 414.1 million shares to Wang Rui and 189.4 million shares to Liu Genyu.Before the disposals, Joy Bright held 778 million shares in Central China Management.Shares of the project management company were up nearly 16% in Wednesday afternoon trade.

HKG:9982

Asia4d ago

Guan Chao Unit Signs E-Commerce MOU for Smart AI Massage Comb Franchise

Guan Chao (HKG:1872) said its Shenzhen Groland Health Technology unit signed a memorandum of understanding with Hangzhou Huashen Network Technology to market and sell its AI scalp massage comb and related products in China, according to a Tuesday Hong Kong bourse filing.The companies plan to collaborate on e-commerce operations across Douyin and Tmall, including livestreaming, influencer marketing, content creation, and brand promotion.The partnership targets a gross merchandise value of 20 million yuan in 2026 and 100 million yuan in 2027.Shares of Guan Chao were down nearly 3% in Wednesday afternoon trade.

HKG:1872

Asia4d ago

Korean Insurers Tighten Risk Controls Amid Growing Caution on Alternative Investments, S&P Says

Korean insurers are maintaining stricter risk management controls amid growing wariness of overseas alternative investments, including private credit funds and real estate funds, S&P Global Ratings said Wednesday.The assets seem to post reduced risk-adjusted returns that do not meet insurers' expectations, S&P said.Insurers are now honing in on highly rated bonds and fixed-income securities as domestic bond yields increase, the rating agency said.The rating agency views controlled exposure to riskier overseas private credit and real estate funds for Korean insurers.Rated insurers will endure stress linked to these assets at their present rating, but an ensuing shock will hit profitability, according to S&P.

^KOSDAQKOSPI

Asia4d ago

Mabwell Gets China Nod for Hematological Malignancy Drug Trial

Mabwell (Shanghai) Bioscience (HKG:2493, SHA:688062) obtained approval for a clinical trial of 6MW5311 for Injection from China's National Medical Products Administration, according to a Wednesday Hong Kong bourse filing.The trial will test the drug for indications of hematological malignancies, including acute myeloid leukemia, chronic myelomonocytic leukemia, and multiple myeloma.

HKG:2493SHA:688062

Asia4d ago

Low-Rate Regime Raises Chinese Insurers' Market Risk Exposure, S&P Says

Chinese insurers will become more sensitive to market volatility as they face reduced returns due to low interest rates, S&P Global Ratings said Wednesday.Insurers turn to high-risk assets amid a low-rate regime, S&P said.Pressure is greater for life insurers, as dampened reinvestment yields lead to narrower spreads and rising asset-liability management constraints, the rating agency said.Property and casualty insurers are also exposed given their earnings' dependence on investment income to pump up underwriting results, according to S&P.The rating agency still views small monetary policy shifts in the next six months.

Shanghai Composite^SZSE

Asia4d ago

Cathay Pacific Airways Passenger Count Climbs 17% in May; Shares Jump 3%

Cathay Pacific Airways (HKG:0293) carried about 2.7 million passengers in May, up 17% from a year earlier, according to a Tuesday Hong Kong bourse filing.Shares of the airline were up nearly 3% in Wednesday afternoon trading.Passenger capacity rose about 10% year over year to 12.7 billion available seat kilometers.Cargo carried increased 11% to 150.1 million kilograms, while cargo capacity edged up 6.1% to 1.31 billion available freight-tonne kilometers.Subsidiary HK Express carried 674,397 passengers in the month, up 4.8% from the year-ago period, while its passenger capacity grew 4% to 1.63 billion available seat kilometers.

HKG:0293

Asia4d ago

Jarden Research Adjusts Reliance Worldwide's Price Target to AU$4.10 from AU$4, Keeps at Overweight

Reliance Worldwide (ASX:RWC) has an average rating of overweight and mean price target of AU$4.27, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

ASX:RWC

Asia4d ago

Jefferies Adjusts Billionbrains Garage Ventures' Price Target to INR230 From INR225, Keeps at Buy

Billionbrains Garage Ventures (NSE:GROWW, BOM:544603) has an average rating of overweight and mean price target of 216.11 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

BOM:544603NSE:GROWW

Asia4d ago

Nomura Adjusts Anant Raj's Price Target to INR650 From INR700, Keeps at Buy

BOM:515055NSE:ANANTRAJ

Asia4d ago

Hong Kong Finance Group to Lend Further HK$15 Million to Prior Borrowers

Hong Kong Finance Group (HKG:1273) said it agreed to lend a further HK$15 million to four customers, according to a Wednesday filing with the Hong Kong bourse.The firm had previously lent HK$23 million to the borrowers, and the new loan will be used to settle HK$15 million of the prior borrowings.The new loan accrues interest at 17.4% per annum and is secured by a second mortgage loan over two residential and one commercial property in Hong Kong.

HKG:1273

Asia4d ago

East Coast Furnitech Completes THB1.26 Billion Capital Increase

East Coast Furnitech (BKK:ECF) completed the registration of a previously approved capital increase with Thailand's Department of Business Development on Wednesday, according to a same-day filing.The furniture manufacturer's registered capital increased by 1.26 billion baht to 9.09 billion baht through the issuance of up to 251.6 million new shares, it said.

BKK:ECF

Asia4d ago

China Dongxiang Swings to Full-Year Loss

China Dongxiang (Group) (HKG:3818) recorded an attributable loss of 158 million yuan for the year ended March 31, compared with a profit of 207 million yuan a year prior, according to a Wednesday Hong Kong bourse filing.Loss per share was 0.0269 yuan, compared with earnings per share of 0.0353 yuan in the previous fiscal year.The sport-related apparel and footwear company's revenue climbed 2.1% year over year to 1.72 billion yuan from 1.68 billion yuan.

HKG:3818

Asia4d ago

Delhivery Partners Bajaj Auto to Deploy Electric Three-Wheelers for Last-Mile Network

Delhivery (NSE:DELHIVERY, BOM:543529) and Bajaj Auto Ltd. (NSE:BAJAJ-AUTO, BOM:532977) have partnered to deploy 200 Bajaj RIKI eCart electric three-wheelers across Delhivery's last-mile delivery network, expanding electrification into Tier-2 and Tier-3 cities.The rollout marks the first phase of the partnership, with plans to scale up to about 1,500 electric three-wheelers during 2026-2027, according to an Indian bourse filing on Tuesday.Delhivery said the vehicles will be integrated with its route optimization systems to improve delivery efficiency and lower operating costs for partners.Delhivery shares slipped over 1% while Bajaj Auto fell over 2% in Wednesday's trade.

BOM:532977BOM:543529NSE:BAJAJ-AUTONSE:DELHIVERY

Asia4d ago

PRG Appoints PKF to Conduct Independent Probe Into Property Unit Transactions

PRG (KLSE:PRG) appointed PKF to review deals between its unit Premier Construction International, and Premier De Muara, according to a Wednesday Malaysian bourse filing.According to earlier filings, PRG sought the review after terminating a proposed debt settlement agreement and raising concerns over related-party disclosures involving Premier De Muara.PKF will review and then submit the report to company's board.

KLSE:PRG

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