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Lung Fung Group Slips 17% in Hong Kong Trading Debut

Lung Fung Group's (HKG:2290) shares opened 17% below their initial public offering price in a tepid Hong Kong debut on Friday morning.The Hong Kong-based beauty, health, and pharmaceutical products retailer opened at HK$4.32 per share, compared with the offer price of HK$5.18.

HKG:2290

Asia37d ago

Market Chatter: Thailand's Gulf Development to Invest Up to 140 Billion Baht in Data Centers

Gulf Development plans to invest up to 140 billion baht over the next five years to expand data centers and digital infrastructure to meet growing demand for artificial intelligence and cloud computing, Bloomberg News reported Thursday, citing Chief Financial Officer Yupapin Wangviwat.Thailand's largest power producer aims to add up to 2,000 megawatts of data center capacity during the period, according to the report.The company and its partners currently operate facilities with a combined capacity of about 200 megawatts, Bloomberg added.(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.)

^SET

Asia37d ago

Dajin Heavy Industry Opens Flat in Hong Kong Trading Debut

Dajin Heavy Industry's (HKG:1081, SHE:002487) shares opened flat in their Hong Kong trading debut on Friday morning.The China-based offshore wind power equipment provider opened at HK$66.40 per share, matching its initial public offering (IPO) price.

HKG:1081SHE:002487

Asia37d ago

LongBio Pharma Rises 50% in Hong Kong Trading Debut

LongBio Pharma's (HKG:1779) shares opened 50% above their initial public offering price in a strong Hong Kong debut on Friday morning.The Chinese biopharmaceutical company opened at HK$144.30 per share, well above the offer price of HK$96.06.

HKG:1779

Asia37d ago

Shanghai Xizhi Technology Denies Allegations Against Director

Shanghai Xizhi Technology (HKG:1879) denied market rumors "containing groundless allegations" against its director's conduct and operational information, according to a Friday filing with the Hong Kong bourse.The optoelectronic computing company said it reported the incident to local law agencies and reserves the right to initiate legal proceedings.The clarification follows an earlier announcement in which the firm noted "unusual movements" in the trading price of its H shares and said there was no undisclosed information that would explain those movements.

HKG:1879

Asia37d ago

Market Chatter: Australian Banks Face Weaker Loan Growth, Higher Losses as Housing Outlook Clouds, Says Morgan Stanley, The Australian Reports

Australian Banks will be impacted by the changed property tax concessions, which will "fundamentally alter" the outlook for housing mortgage growth, which is expected to grow by just 3% in fiscal 2027, well below recent trends, according to a Friday report in The Australian, citing Morgan Stanley Analyst Richard Wiles.Morgan Stanley has cut its price targets for all major banks by around 6%, the report said.Owner occupiers will not be able to fill the gap left by expected flat investor loan balances in fiscal 2027, said Wiles.Morgan Stanley expects weaker loan growth, new margin headwinds, higher loss rates, and greater scrutiny of capital buffers, resulting in further downgrades for major Australian banks, the report added.According to the report, ANZ (ASX:ANZ, NZE:ANZ) is Wiles' top pick, while NAB (ASX:NAB), Commonwealth Bank of Australia (ASX:CBA), and Westpac (ASX:WBC, NZE:WBC) are rated underweight.Shares of ANZ, WBC, CBA, and NAB were down almost 1% each in recent Friday trade.(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.)

ASX:ANZASX:CBAASX:NABASX:WBCNZE:ANZNZE:WBC

Asia37d ago

Madras High Court Lifts Injunction Order Against CARE Ratings' Asset Transfer

The Madras High Court in India has vacated its injunction order against CARE Ratings (NSE:CARERATING, BOM:534804) that had restrained the company from alienating or transferring its assets, according to a filing to the Indian stock exchanges on Thursday.The court issued the order on June 3, lifting the restriction after the company complied with the directives given in the order dated Feb. 1, 2023.The company received a copy of this order on June 4.In 2023, the Madras High Court imposed the injunction until the company provided adequate security. The latest court order showed that the ratings agency has met the necessary compliance requirements.

BOM:534804NSE:CARERATING

Asia37d ago

Market Chatter: Malaysia's Palm Oil Exports Face Pressure as Indonesia Launches Policy Overhaul

Malaysia's palm oil exports could decline for a third consecutive month in June as buyers increasingly turn to lower-priced Indonesian supplies, Bloomberg News reported Thursday.The pressure comes as Indonesia begins shifting export activities to state-owned PT Danantara Sumberdaya Indonesia, while permitting producers to continue transactions during the transition period, according to the report.Expectations that the policy overhaul would redirect demand to Malaysia have yet to materialize, as major buyers, particularly India, had already built inventories earlier this year, Bloomberg reported, citing Paramalingam Supramaniam, a director at brokerage Pelindung Bestari.He said increased Indonesian exports during the transition period could intensify competition and further pressure Malaysian shipments.(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

Asia37d ago

Keppel Prices SG$325 Million Subordinated Perpetual Securities

Keppel (SGX:BN4) has priced SG$325 million of fixed-rate subordinated perpetual securities at 3.30% under its $5 billion multi-currency debt issuance program, according to a Thursday filing to the Singapore bourse.The global asset manager and operator has appointed DBS Bank, Oversea-Chinese Banking Corporation (SGX:O39), and United Overseas Bank (SGX:U11) as joint bookrunners and lead managers for the issue.Keppel plans to use the proceeds from the issue to fund general corporate needs and refinance existing perpetual debt.The Series 018 Securities will be issued in the denomination of SG$250,000 and will be perpetual, with no fixed redemption date. They are expected to be issued on or around June 11.The company will have the option to redeem the Series 018 Securities in whole, but not in part, at 100% of their principal amount, together with the distribution accrued on June 11, 2029.Keppel plans to list the new Series 018 securities on the Singapore exchange for qualified institutional and accredited investors.

SGX:BN4SGX:O39SGX:U11

Asia37d ago

Mayne Pharma Group Receives AU$14.4 Million from Cosette Pharmaceuticals for Legal Costs

Mayne Pharma Group (ASX:MYX) confirmed that it received AU$14.4 million from Cosette Pharmaceuticals in accordance with the Supreme Court of New South Wales' orders, comprising recovery of Mayne's legal costs, costs associated with Mayne's application for costs, and interest, according to a Friday Australian bourse filing.The company began proceedings against Cosette in June 2025 in relation to Cosette's purported termination of the scheme implementation deed signed by the two parties in February 2025. The court ruled in favor of the company in October 2025 and made an adverse costs order against Cosette.An appeal against the October 2025 judgment by Cosette was heard in the Supreme Court of New South Wales, Court of Appeal on Tuesday and Wednesday, and a decision was reserved.Its shares rose over 1% in recent trading on Friday.

ASX:MYX

Asia37d ago

Air Water Declares Lower Final Dividend for Fiscal 2025

Air Water (TYO:4088) declared a year-end dividend of 37.50 yen per share for the fiscal year 2025, matching earlier forecasts and lower than the 43 yen per share paid a year ago.The total dividend payment amounts to nearly 8.60 billion yen, payable from retained earnings on June 30, according to a Tokyo bourse filing on Thursday.

TYO:4088

Asia37d ago

Kingston Resources Requests Further Extension to Voluntary Suspension of Securities

Kingston Resources (ASX:KSN) requested a further extension to the voluntary suspension of its securities, which was granted on Wednesday, as it continues to assess the impact of the pit wall failure affecting the Pearse South ramp at the Mineral Hill mine in New South Wales, according to a Friday Australian bourse filing.It said it was unable to provide a detailed and informed update to the market, and the firm requested that the suspension remain in place until the earlier of Kingston providing an update to the market or the start of trading on June 11.

ASX:KSN

Asia37d ago

American Tungsten Extends Known Mineralization at Utah Prospect; Shares Fall 8%

American Tungsten & Antimony's (ASX:AT4) phase one diamond drilling program at the Antimony Canyon project in Utah extended the known high-grade mineralized envelope at the Little Emma prospect and confirmed the presence of a district-scale hydrothermal antimony system, according to a Friday Australian bourse filing.It encountered intercepts of 10.37 meters at 3.98% grade of antimony from 3.35 meters, as well as 5.7 meters at 2.8% grade of antimony from 48.68 meters.,Its shares fell over 8% in recent trading on Friday, reaching their lowest point in over a year.

ASX:AT4

Asia37d ago

Liuliumei Seeks Up to HK$500 Million in Hong Kong IPO

Liuliumei (HKG:6658) launched its Hong Kong initial public offering on Friday, seeking to raise about HK$499.6 million.The China-based fruit snack company, focused on plum-based products, is offering 11.5 million H shares at HK$43.58 apiece, according to a Hong Kong bourse filing.The offering comprises 1.1 million shares for Hong Kong investors and 10.3 million shares for international investors, subject to reallocation and the over-allotment option.The offer price is expected to be determined by June 12, with allocation results due the same day, ahead of the company's planned trading debut on June 15.Net proceeds will mainly be used to expand production capacity, including new manufacturing, warehousing, and logistics facilities, as Liuliumei looks to meet growing demand for its plum-based products.The company also plans to use the funds to strengthen brand marketing, expand its sales network and overseas presence, enhance R&D capabilities and product innovation, and for working capital and general corporate purposes.CITIC Securities (Hong Kong) and Guoyuan Capital (Hong Kong) are acting as joint sponsors.CLSA and Guoyuan Securities Brokerage (Hong Kong) are serving as sponsor-overall coordinators and overall coordinators, while also acting as joint global coordinators, joint bookrunners, and joint lead managers.Zhongtai International Securities, Soochow Securities International Brokerage, CEB International Capital, Huafu International Securities, and Orient Securities (Hong Kong) are acting as joint bookrunners and joint lead managers.

HKG:6658

Asia37d ago

Chilwa Minerals Confirms Niobium Mineralization at Malawi License, Shares Fall 8%

Chilwa Minerals (ASX:CHW) said portable X-ray fluorescence results for a drill hole at its Lake Chilwa license in Malawi indicated niobium mineralization increases from 240 meters downhole, with the alkaline syenite reporting 0.165% grade of niobium pentoxide over 16.5 meters from 240 meters downhole to the end of the hole at 401.5 meters, according to a Friday Australian bourse filing.It encountered 0.228% grade of niobium pentoxide over 22 meters from 349.5 meters downhole.It noted that the X-ray fluorescence values are indicative only and are from pressed pulverized powder pulp following sample preparation at its in-house sample prep facility in Malawi.Its shares fell 8% in recent trading on Friday.

ASX:CHW

Asia37d ago

AusQuest Completes Maiden Reverse Circulation Drilling Program at Peru Copper-Gold Project; Shares Up 13%

AusQuest (ASX:AQD) said it completed a maiden reverse circulation drilling program, consisting of 12 drill holes for 3,733 meters, at its Playa Kali copper-gold project in Peru, according to a Friday Australian bourse filing.The drill rig was moved to the Lantana porphyry copper prospect to test a large-scale high-grade target, the filing said.The company's shares rose past 13% in recent trading on Friday.

ASX:AQD

Asia37d ago

China Energy Engineering Consortium Bags $1.69 Billion Contract for Gas Power Station in Abu Dhabi

A consortium of three subsidiaries of China Energy Engineering (HKG:3996, SHA:601868) has secured a contract worth $1.69 billion for the Taweelah C combined cycle gas power station in Abu Dhabi, according to a Thursday filing to the bourses.The consortium, including China Energy International Group Co., China Energy Engineering Group Guangdong Power Engineering, and China Energy Engineering Group Guangdong Electric Power Design Institute, has signed the pact with the project company established by Al Jomaih Energy and Water Company and Sembcorp Taweelah C.The project involves building a 2,600MW dual-fuel gas power plant, covering design, equipment supply, construction, commissioning, warranty, and maintenance services.It is expected to be completed in 32 months.

HKG:3996SHA:601868

Asia37d ago

Findi Names New Chairman, Begins Strategic Review of Operating Business Units

Findi (ASX:FND) said non-executive director Stephen Benton will assume the role of non-executive chairman, according to a Friday Australian bourse filing.Nicholas Smedley will revert to a non-executive director role and retain the chairmanship of Transaction Solutions International, focusing on executing against plans for the initial public offering (IPO) of the Indian business.In the same filing, the company said the board engaged external advisers to support a strategic review of its three operating business units. The move is intended to optimize capital allocation across the group, identify additional operating synergies, and formalize the pathway toward securing a Payments Bank license in India and progressing the planned IPO.Findi's shares rose 1% in recent trading on Friday.

ASX:FND

Asia37d ago

F&C Investment Trust Reports Net Asset Per Ordinary Share

F&C Investment Trust (NZE:FCT) said its net assets before charges at market value and excluding income came in at 3.7129 pounds sterling per ordinary share as of Wednesday, according to a Friday New Zealand bourse filing.Net assets per ordinary share before charges at market value and including income clocked in at 3.7267 pounds sterling, per the filing.Meanwhile, net assets before charges at nominal value and excluding income were 3.6011 pounds sterling per ordinary share.Net assets before charges at nominal value and including income were 3.6149 pounds sterling per ordinary share.

NZE:FCT

Asia37d ago

Henderson Far East Income Reports Net Asset Value

Henderson Far East Income's (NZE:HFL) unaudited net asset value, including current fiscal year revenue items, was 2.664 pounds sterling per share as of Wednesday, according to a Friday filing with the New Zealand bourse.Unaudited net asset value, excluding current fiscal year revenue items for the same period, was 2.634 pounds sterling per share, the filing said.

NZE:HFL

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