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Tech Mahindra Australian Step-Down Subsidiary Gets Liquidated

Tech Mahindra's (NSE:TECHM, BOM:532755) step-down subsidiary, HCI Group Australia, has been voluntarily liquidated and deregistered with effect from May 27, according to a Tuesday filing to the Indian stock exchanges.The information was received by the Indian technology company on Tuesday.The company's shares were up over 2% in Wednesday.

BOM:532755NSE:TECHM

Asia4d ago

Fu Shek Financial Forecasts Rise in Full-Year Profit; Shares Plunge 13%

Fu Shek Financial (HKG:2263) expects a net profit of HK$10.3 million for the year ended March 31, up from HK$2.9 million a year prior, according to a Tuesday Hong Kong bourse filing.Shares of the financial services provider were down 13% in Wednesday afternoon trading.The company attributed the forecast to a rise in income from commission and brokerage on securities dealing, higher handling and other fees, and interest from margin financing services.

HKG:2263

Asia4d ago

Hanshin Construction Railway Line Project Extended by Two Months

Hanshin Construction's (KRX:004960) contract for the Gwangju Urban Railway Line 2 Phase 1 Section 2 construction project was extended by two months to Aug. 31, according to a Korea Exchange filing on Wednesday.The change was triggered by a contract amendment that exceeded the standard disclosure amount.

KRX:004960

Asia4d ago

Ganfeng Lithium Repays 505.8 Million Yuan in Bonds; Shares Up 6%

Ganfeng Lithium (SHE:002460, HKG:1772) on June 21 fully repaid the principal and interest of its first tranche of science and technology innovation bonds, totaling 505.8 million yuan.The 500-million-yuan 180-day commercial paper was issued in December 2025 with a 2.33% coupon rate, according to a Wednesday filing with the Shenzhen bourse.Shares of the lithium miner rose 6% on the Shanghai bourse and 3% on the Hong Kong bourse.

HKG:1772SHE:002460

Asia4d ago

Australian Shares Inch Up; Tasmea to Acquire Energy Services Provider for Up to AU$75 Million

Australian shares edged higher on Wednesday, even as concern over artificial intelligence-related spending and a potential hawkish direction from the US Federal Reserve sent stocks downwards on Wall Street.The S&P/ASX 200 Index rose 0.24%, or 21.40 points, to close at 8,808.40.Overnight, the S&P 500 fell 1.4%, and the Nasdaq Composite decreased 2.2%. Gold declined for a second day as spot gold fell over 1% to under $4,070 per ounce.Brent crude oil futures fell to around $76 per barrel as more oil tankers moved through the Strait of Hormuz and talks continue between the US and Iran.On the domestic front, Australia's consumer price index rose 4% on year in May, down from the 4.2% rate posted in April, data from the Australian Bureau of Statistics showed. On a monthly basis, the CPI fell 0.1% in seasonally adjusted terms. Trimmed mean annual inflation was 3.6% in the 12 months to May, up from 3.4% in the 12 months to April.Australia's total engineering construction work done rose 7.1% to AU$38.87 billion in the March quarter, seasonally adjusted, up from AU$36.29 billion in the previous quarter, the Australian Bureau of Statistics reported.In company news, Tasmea (ASX:TEA) struck a deal to acquire JPS Group, an integrated services provider to the energy sector, for up to AU$75 million. The deal is anticipated to close on or around Aug. 1. It also affirmed its fiscal 2026 underlying net profit after tax guidance of AU$72.5 million on a standalone basis. The firm's shares reached their all-time peak earlier in the day.Baby Bunting Group (ASX:BBN) now expects fiscal second-half pro forma net profit after tax of between AU$11 million and AU$12 million following softer-than-expected trading conditions through the fourth quarter, below its previously guided range of AU$12.5 million to AU$14.5 million. Its shares fell 10% on close.Lastly, Atlas Arteria (ASX:ALX) said its independent directors are reviewing their response following the extension of IFM Investors' takeover offer after the bidder increased its voting power above 50%.

ASX 200ASX:ALXASX:BBNASX:TEA

Asia4d ago

Hanwha Corp. to Sell KRW287.9 Billion Real Estate to Affiliate

Hanwha Corp. (KRX:000880) will sell real estate to its affiliate, Hanwha Systems (KRX:272210), for 287.9 billion won, according to a Wednesday Korean bourse filing.The disposal involves land and buildings at the Hanwha Future Technology Research Institute.The company is proposing the disposal to improve asset efficiency through the selling off of non-operating assets.

KRX:000880KRX:272210

Asia4d ago

India Ratings Upgrades Aye Finance's Ratings with Stable Outlook

India Ratings and Research upgraded Aye Finance's (NSE:AYE, BOM:544699) long-term debtinstruments' rating to IND A+ from IND A.The rating on commercial papers has been upgraded as well to IND A1+ from IND A1, according to a Wednesday filing.The rating outlook is stable.Shares of the company rose over 1% in recent trade.

BOM:544699NSE:AYE

Asia4d ago

ENN Natural Gas' Cancellation of Subsidiary Buyout Erases Possible Financial Burden, S&P Says

The termination of ENN Natural Gas' (SHA:600803) buyout proposal of ENN Energy Holdings (HKG:2688) eases any possible financial burden, S&P Global Ratings said in a recent release.The cancellation will remove notable new debt obligations or pressure on internal cash reserves, S&P said.The subsidiary will also remain independent with the withdrawal of the buyout, the rating agency said.The plan to acquire the remaining shares of the company's 34.26%-held subsidiary could have led to cash needs of about HK$18.4 billion on top of newly issued shares, Fitch said.The amount represents a marked outflow relative to the company's HK$25 billion in adjusted debt.The company's alternate plan to raise shareholding in the subsidiary will not yield significant financial impact given the 2% limit on yearly shareholding increases, according to Fitch.The subsidiary will retain its governance and operational autonomy from its parent, with narrower risks due to cash flow commingling and higher upstreaming, Fitch said.

HKG:2688SHA:600803

Asia4d ago

PI Industries Converts INR70 Billion Debentures in Subsidiary into Equity

PI Industries (NSE:PIIND, BOM:523642) has approved the conversion of optionally fully convertible debentures (OFCDs) worth 70 billion rupees held in its wholly owned subsidiary PI Health Sciences into 724.6 million equity shares, according to a stock exchange filing on Tuesday.The shares will be issued at a fair value of 73.80 rupees each as part of an internal restructuring of funding within the group.Shares of PI Industries fell nearly 1% in recent trade.

BOM:523642NSE:PIIND

Asia4d ago

TFP Solutions Unit Partners with ACO for AI-Powered Medical Card Platform

TFP Solutions (KLSE:TFP) unit MBP Solutions signed a collaboration agreement with the ASEAN Cooperative Organisation (ACO) to develop and commercialize an AI-powered wellness and medical card program, according to a Wednesday Malaysian bourse filing.The partnership aims to build a digital healthcare ecosystem targeting cooperative members across ASEAN, leveraging ACO's network of about 66.6 million members for regional market access and engagement.The agreement runs for five years and focuses on product development, ecosystem access and joint commercialization of the platform, the filing said.

KLSE:TFP

Asia4d ago

Amplia Therapeutics Says Pengana Capital Becomes Substantial Holder

Amplia Therapeutics (ASX:ATX) said Pengana Capital became a substantial holder in the company on June 22 with a stake of 5.37% or 27.5 million shares, according to a Wednesday Australian bourse filing.

ASX:ATX

Asia4d ago

Aemulus Closes 32.5 Million Yuan CIS Technology Acquisition

Aemulus (KLSE:AEMULUS) completed the acquisition of intellectual property, technology and roadmap related to CMOS image sensor (CIS) and light source, valued at 32.5 million yuan, according to a Tuesday Malaysian bourse filing.The company said the transfer of business has now been fully concluded, and the completion marks the formal closure of the deal.

KLSE:AEMULUS

Asia4d ago

Sinoma Science & Technology Plans 4.48-Billion-Yuan Private Placement; Shares Jump 10%

Sinoma Science & Technology (SHE:002080) plans to raise up to 4.48 billion yuan via a private placement for specialty fiber fabric projects, payable repayment and working capital.The offering, targeting up to 35 qualified investors including Zhonglian Investment, will mainly fund a 35-million-meter low-dielectric fiber fabric project and a 24-million-meter ultra-low loss variant, according to a Wednesday filing with the Shenzhen bourse.The offering is subject to Shenzhen bourse review and China Securities Regulatory Commission registration.Shares of the glass fiber manufacturer jumped 10% in recent trade.

SHE:002080

Asia4d ago

Malton, Ricloud to Explore AI Compute Centers in Malaysia; Shares Rally 23%

Malton (KLSE:MALTON) signed a memorandum of understanding with Ricloud, an NVIDIA Cloud Partner, to explore the development and promotion of AI compute centers in Malaysia, according to a Tuesday Malaysian bourse filing.Shares surged 23% in Wednesday's midday trade.The one-year collaboration aims to tap into the growing demand for cloud, data center and AI computing infrastructure.Under the proposed framework, Ricloud will bring in investors, provide technical expertise, and supply NVIDIA-based AI infrastructure, while Malton will support site identification, regulatory approvals and act as the main construction contractor, the filing said.

KLSE:MALTON

Asia4d ago

Luxshare Precision Industry Advances Hong Kong Listing Application; Shares Jump 10%

Luxshare Precision Industry Co (SHE:002475) said the Hong Kong bourse has reviewed its listing application after the June 18 hearing.The proposed listing of still requires final clearance from the Hong Kong bourse and Securities and Futures Commission, according to a Wednesday filing with the Shanghai bourse.Earlier in June, the electronic components manufacturer applied for listing of over 441 million shares, seeking to raise up to $3 billion.Shares of Luxshare Precision Industry were up 10% in recent trade.

Hang SengSHE:002475

Asia4d ago

Market Chatter: Japan Antitrust Body to Revise M&A Rules, to Consider Economic Security Benefits for Approval

The Japan Fair Trade Commission plans to consider economic security benefits while reviewing mergers and acquisitions in a bid to strengthen Japan's competitiveness in strategic industries, Nikkei reported Wednesday.Under the new framework, the companies with domestic sales exceeding 20 billion yen will be required to notify authorities of planned acquisitions, mergers, or business transfers, the report said.The watchdog will review whether the deal will result in a market monopoly, hindering price competition, and the deals that consolidate domestic industries may still gain approval based on the economic security benefits, according to the report.The Japanese antitrust body plans to publish revised rules on Wednesday, updating its merger review rules as early as this summer, Nikkei 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.)

Nikkei 225

Asia4d ago

SkyeChip Signs Deal for ARM Flexible Access Token Under MIDA Program

SkyeChip (KLSE:SKYECHIP) signed a definitive agreement with the Malaysian Investment Development Authority (MIDA) for access to ARM's Flexible Access (AFA) token, according to a Tuesday Malaysian bourse filing.Shares slid over 1% in Wednesday's afternoon trade.The deal forms part of a strategic cooperation program between the Malaysian government and ARM.The agreement follows conditional approval letters issued by MIDA in April 2026 for access to both the ARM Compute Subsystem (CSS) and AFA tokens.SkyeChip added that it is still reviewing and evaluating the terms and conditions related to the separate CSS token agreement.

KLSE:SKYECHIP

Asia4d ago

JM Financial Issues Shares Under Employee Stock Option Scheme

JM Financial (NSE:JMFINANCIL, BOM:523405) said it has allotted 493,742 equity shares to employees following the exercise of stock options under its employee stock option scheme.Following the allotment, the company's paid-up equity share capital stands at 957 million equity shares of 1 rupee each, according to a stock exchange filing on Tuesday.Shares of the company fell over 1% in recent trade.

BOM:523405NSE:JMFINANCIL

Asia4d ago

NLC India, Indian Oil to Form Joint Venture for Renewable Energy Power Projects in Tamil Nadu

NLC India (NSE:NLCINDIA, BOM:513683) has signed a memorandum of understanding with state-owned Indian Oil (NSE:IOC, BOM:530965) to form a joint venture for renewable energy power projects in Tamil Nadu, India, according to a Tuesday filing to the Indian stock exchanges.The proposed joint venture will be used to develop large-scale renewable energy projects, including solar, wind, hybrid power with or without energy storage, such as battery storage and pumped storage projects.The joint venture will also explore future opportunities based on techno-commercial feasibility and evolving market requirements.Shares of NLC India fell nearly 1% in recent trade, while those of Indian Oil rose close to 1%.

BOM:513683BOM:530965NSE:IOCNSE:NLCINDIA

Asia4d ago

New Zealand Shares Fall; Auckland International Airport Expects June 27 to be Busiest International Departures Day

New Zealand shares closed lower on Wednesday as Asian markets saw losses after a day of sell-off on Wall Street.The S&P/NZX 50 Index fell 0.26% ot 35.11 points to close at 13,400.66.On Tuesday, Wall Street ended lower due to a selloff in semiconductor shares amid investors' worry over rising AI spending.Chipmaking giant Nvidia closed 4% lower, and AMD fell about 6%, leading to a fall of 2% on the Nasdaq Composite and 1% on the S&P 500.In domestic news, a total of 2,871 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) Pulse auction held Tuesday, with supply ranging from 2,700 MT to 3,050 MT, according to data from the trading platform.In corporate news, Auckland International Airport (ASX:AIA, NZE:AIA) expects June 27 to be the busiest day for international departures, with nearly 15,000 travellers set to fly out of the airport.Westpac Banking (ASX:WBC, NZE:WBC) appointed Richard Heeley as its Chief Information Officer, commencing later in the year.

^NZ50ASX:AIAASX:WBCNZE:AIANZE:WBC

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Asia4d ago

Australian Shares Inch Up; Tasmea to Acquire Energy Services Provider for Up to AU$75 Million

ASX 200ASX:ALXASX:BBNASX:TEA