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Bus Cap Launches Nearly MYR25 Million ACE Market IPO

Bus Cap (KLSE:BUSCAP) is seeking to raise 24.7 million ringgit via a listing on the ACE Market of Bursa Malaysia, according to a Wednesday Malaysian bourse filing.The bus manufacturer's IPO entails a public issue of 107.3 million new shares at 0.23 ringgit each, and an offer for sale of 19.2 million shares.Proceeds will be used for the construction of a new factory, to boost working capital, and to pay off expenses, it said.

$KLSE:BUSCAP

Asia4d ago

Capillary Technologies' Consolidated Profit Jumps in Fiscal Q4; Shares Up 6%

Capillary Technologies India's (NSE:CAPILLARY, BOM:544614) consolidated profit surged to 433.6 million Indian rupees in the fiscal fourth quarter ended March 31, from 98.4 million rupees a year ago.Earnings per share climbed to 5.40 rupees from 1.33 rupees a year earlier, the technology company said in a filing to the Indian stock exchanges on Wednesday.Revenue from operations in fiscal Q4 also increased to 1.91 billion rupees from 1.52 billion rupees a year ago.The company's shares were up over 6% in recent trade.

$BOM:544614$NSE:CAPILLARY

Asia4d ago

Huapont Life Sciences Subsidiary Hit with 46 Million Yuan Fine for Overdue Tax Payments

China's tax regulator imposed a fine of 46.1 million yuan on Huapont Life Sciences' (SHE:002004) subsidiary, Shenyang Xinma Pharmaceutical, for overdue tax payments, according to a Wednesday disclosure on the Shenzhen bourse.The period of the penalties was from between Jan. 1, 2019, and Dec. 31, 2024.The pesticide chemical product manufacturer's shares fell by less than 2% at the close.

$SHE:002004

Asia4d ago

Binjiang Real Estate Buys Land for 2.61 Billion Yuan

Hangzhou Binjiang Real Estate (SHE:002244) acquired a land use rights for 2.61 billion yuan, according to a Shenzhen bourse filing on Wednesday.The company bought the land parcel, which has a land area of 32,789 square meters, through a consortium formed by its subsidiary, Hangzhou Binyao Real Estate Development, and Hangzhou Zheji Real Estate.The real estate developer's shares jumped 5% at the close.

$SHE:002244

Asia4d ago

Integrated Electronic Systems Lab Chosen As Winning Candidate for State Grid's Bid

Integrated Electronic Systems Lab (SHE:002339) was selected as one of the winning candidates for State Grid Corporation of China's public bidding for 15 packages worth 200.8 million yuan, according to a Shenzhen bourse filing on Wednesday.The packages include substation equipment and meters.The Chinese power automation systems developer's shares jumped by over 3% at the close.

$SHE:002339

Asia4d ago

Huaiji Dengyun Auto-parts' Gold Mine Investee Halts Operations After Worker Death

Huaiji Dengyun Auto-parts (SHE:002715) said 25%-owned investee Shaanxi Hanyin Huanglong Gold Mine has ceased production following an April 29 roof fall that killed one worker.Local authorities in Shaanxi ordered an immediate shutdown pending investigation, according to a Wednesday filing with the Shenzhen bourse.The suspension will impact company results, it said.

$SHE:002715

Asia4d ago

Jieshun Science and Technology Wins Bid for Shanghai Parking Lot Contract

Shenzhen Jieshun Science and Technology Industry (SHE:002609) won the bid for a 161.3 million yuan parking lot management contract in Shanghai, according to a Wednesday disclosure on the Shenzhen bourse.The Chinese parking equipment maker will provide services for Beijing Souhou Property Management's six underground parking facilities for a period of five years.

$SHE:002609

Asia4d ago

Sam Woo Construction Forecasts Higher Fiscal Year Profit

Sam Woo Construction (HKG:3822) expects a profit of at least HK$50 million for the fiscal year ended 31 March, compared with about HK$11 million a year earlier, according to a Wednesday Hong Kong bourse filing.The construction engineering company attributed the increase to the efficient execution of its Lantau Island project, settlement of final accounts for certain completed contracts, and the absence of impairment losses on trade and retention receivables recorded in the prior year.

$HKG:3822

Asia4d ago

Arvind Fashions Swings to Profit in Fiscal Q4; Shares Jump 11%

Arvind Fashions (NSE:ARVINDFASN, BOM:542484) swung to profit in the fiscal fourth quarter ended March 31, with a consolidated attributable profit of 469.7 million Indian rupees from a loss of 931.5 million rupees a year ago.Earnings per share came in at 3.51 rupees from a loss per share of 6.99 rupees a year earlier, the retailer said in a filing to the Indian stock exchanges.Revenue from operations in fiscal Q4 increased 13.6 billion rupees from 11.9 billion rupees a year ago.The company's board recommended a final dividend of 1.60 rupees per equity share of face value of 4 rupees each, for the financial year ended March 31.The company's shares jumped over 11% in recent trade.

$BOM:542484$NSE:ARVINDFASN

Asia4d ago

StanChart Buys Back Shares

Standard Chartered (HKG:2888) repurchased 800,000 shares on Tuesday at an average price of 18.20 pounds sterling apiece, the bank said in a Hong Kong bourse filing Wednesday.The British lender plans to cancel the shares, following which it will have about 2.22 billion shares in issue.

$HKG:2888

Asia4d ago

Taiwan Surface Mounting's Revenue Rises 4% in April; Shares Slump 10%

Taiwan Surface Mounting Technology (TPE:6278) logged consolidated revenue of NT$4.51 billion for April, up 3.9% annually, according to a Tuesday filing with the Taiwan Stock Exchange.Shares dropped 10% in Wednesday's midday trade.The latest figure also marked a 6.9% increase from March.Cumulative revenue for January to April reached NT$17.1 billion, up 1.9% year-on-year, the company said.

$TPE:6278

Asia4d ago

Rundu Pharmaceutical Gets Nod to Market Losartan Potassium

Zhuhai Rundu Pharmaceutical (SHE:002923) obtained approval from China's National Medical Products Administration for the marketing of losartan potassium, according to a Shenzhen bourse filing on Wednesday.The drug is used for the treatment of primary hypertension and chronic heart failure.The pharmaceutical company's shares rose by less than 2% at the close.

$SHE:002923

Asia4d ago

Market Chatter: Japan Sees No Immediate Need for Extra Budget Amid Middle East Conflict

Japanese Prime Minister Sanae Takaichi has downplayed talks for an additional budget despite the continuing economic fallout from the Middle East conflict, Nikkei Asia reported Wednesday.A supplementary budget for the current fiscal year may not be "immediately necessary as of today," the report cited Takaichi as saying.The country could instead resort to reserve funds from the yearly budget if necessary, the report quoted Takaichi as saying.Additional spending is not entirely off the table, with aides to the prime minister having discussions on financial support for households late in April with senior ministry officials, 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.)

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Asia4d ago

Hong Kong Stocks Rally On Hopes of U.S.-Iran Peace Deal; Cofoe Medical Makes Tepid Market Debut

Hong Kong equities rallied Wednesday as investors cheered a pause of hostilities between Iran and the U.S.The Hang Seng Index rose by around 315.17 points, or roughly 1.2%, to end at 26,213.78, while the Hang Seng China Enterprises Index increased by 70.26 points, or around 0.8%, to close at 8,800.75.Investors appeared to be holding out hope for a possible peace agreement between the U.S. and Iran after the Trump administration announced an end to Operation Epic Fury.US President Donald Trump also halted the military operation Project Freedom in the Strait of Hormuz which was to help ships stranded in the waterway, a key route that carried about one-fifth of global oil and LNG trade before the war.Trump also indicated a possible peace deal may be reached with Iran, causing dollar and oil prices to ease somewhat, Reuters reported.In local development, Hong Kong's gross domestic product grew 5.9% year over year in the first quarter of 2026, faster than the revised 4% expansion in the fourth quarter of 2025, according to advance estimates released by the Census and Statistics Department.Meanwhile, S&P Global said Hong Kong's private sector business conditions deteriorated for a second straight month in April as output and new orders declined amid sharply higher costs linked to the war in the Middle EastOutput contracted at the fastest pace since June 2025, while new orders fell for a second consecutive month.In corporate news, Cofoe Medical Technology (HKG:1187; SHE:301087) had a tepid debut in Hong Kong.The Chinese home care medical device provider closed at HK$38.90 per share, marginally lower than offer price of HK$39.33.

$^HSI$HKG:1187$SHE:301087

Asia4d ago

BL Kashyap Bags INR1.80 Billion Civil Works Contract

BL Kashyap and Sons (NSE:BLKASHYAP, BOM:532719) has received an order worth 1.80 billion Indian rupees from Immencity Office Parks, according to a Wednesday filing to the Indian stock exchanges.The contract is for the civil and structural works at the Century Red Oak commercial building block in Shivanahalli in Bangalore, India.The project is expected to be completed in 18 months.

$BOM:532719$NSE:BLKASHYAP

Asia4d ago

Market Chatter: China Calls on US to Scrap Alleged Excess Capacity Probe

China called on the U.S. to cease its investigations into China's alleged excess capacity ahead of the meeting between Presidents Donald Trump and Xi Jinping, the South China Morning Post reported Wednesday.The U.S. Trade Representative launched the probe in March, which looked into the structural excess capacity of 16 trading partners, including China. The probe aligns with Section 301 of the Trade Act of 1974, according to the media outlet.Michelle Zang, who spoke in behalf of state-backed China Chamber of International Commerce, told the hearing that the probe does not have enough "statutory basis and supporting evidence" and urged the U.S. to "terminate the investigation", SCMP said.A number of Southeast Asian countries, Japan, India, South Korea, the European Union and Mexico were also covered in the probe, 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.)

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Asia4d ago

New Asia Construction Logs About NT$57 Million in Q1 Profit

New Asia Construction and Development (TPE:2516) posted a profit attributable to owners of NT$56.5 million, or NT$0.25 per share, for the first quarter, according to a Tuesday filing with the Taiwan Stock Exchange.Shares gained over 1% in Wednesday's midday trade.Meanwhile, operating revenue stood at NT$1.62 billion.The construction company did not provide comparative year-ago figures.

$TPE:2516

Asia4d ago

Hsin Kuang Steel Logs Nearly NT$71 Million in Q1 Profit; Shares Drop 3%

Hsin Kuang Steel (TPE:2031) posted a profit attributable to owners of NT$70.7 million, or NT$0.22 per share, for the first quarter, according to a Tuesday filing with the Taiwan Stock Exchange.Shares slid over 3% in Wednesday's midday trade.Meanwhile, operating revenue stood at NT$4.59 billion.The steel manufacturer did not provide comparative year-ago figures.

$TPE:2031

Asia4d ago

Inspace Creation to Debut on ACE Market of Bursa Malaysia

Inspace Creation (KLSE:INSPACE) is slated to list on the ACE Market on Friday, May 8, according to a Tuesday Malaysian bourse filing.The interior fitting-out specialist will mark its entry into Bursa Malaysia's construction sector under the stock name INSPACE, and stock code 0451.Upon listing, the company's enlarged issued share capital will stand at 369.3 million shares, with a total value of 24.7 million ringgit.The stock will trade under code 0451. The group confirmed no additional or new classes of securities will be issued alongside the IPO.

$KLSE:INSPACE

Asia4d ago

KOSPI Hits Record High on Hopes of US-Iran Peace Agreement; Samsung Electronics Soars 14%

South Korean shares closed sharply higher on Wednesday, with the primary index shooting up to close at a record high.The rally was led by strong gains in semiconductor stocks and investor optimism for a possible peace agreement between the US and Iran after US President Donald Trump halted the military operation Project Freedom in the Strait of Hormuz.The Korea Composite Stock Price Index or Kospi increased 447.57 points, or 6.5%, to end at 7,384.56. The Kosdaq fell by 3.57 points, or 0.3%, to close at 1,210.17.Chipmakers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added over 14% and nearly 11%, respectively, at market close.The Korea Exchange activated a five-minute buy-side sidecar on the country's primary stock market on Wednesday morning as investors rushed to purchase securities on hopes that the U.S.-Iran conflict may end in the near future.The Korea Exchange announced the order at 9:06 am after the KOSPI200 Futures added 66.05 points, or 6.28%, to trade at 1,116.55.In economic news, South Korea's inflation climbed 2.6% year on year in April, accelerating from a 2.2% rise in March amid the ongoing conflict in the Middle East, data from the country's Ministry of Data and Statistics showed on Wednesday.The headline print was in accordance with the median estimate of 2.6% in a Bloomberg survey.The increase was driven by higher costs across all categories, with transport gaining the highest at 9.7%.Meanwhile, core inflation, which measures prices of goods excluding food and energy, remained steady at 2.2% in April.In corporate news, Samsung Electronics hit a market valuation of $1 trillion on Wednesday, supported by the strong demand for AI chips, Bloomberg News reported on the same day.The South Korean chipmaker became the second Asian firm after Taiwan Semiconductor Manufacturing (TPE:2330) to hit the $1 trillion mark.Overseas investors appear to be driving the recent rally in the stock, supported by a deal between Interactive Brokers and Samsung Securities (KRX:016360) that allows U.S. investors to directly buy South Korean stocks.The firm's semiconductor wing had posted a record profit in the first quarter, surpassing expectations by a wide margin on strong AI data center demand, with analysts expecting the momentum to continue in the quarters ahead as contract prices keep moving higher amid a scarce supply.In other news, LG Electronics (KRX:066570) secured the top 1% rating in credit rating agency S&P Global's Corporate Sustainability Assessment for the third straight year, the electronics products maker said in a Wednesday release.The company secured the highest score of 77 points in the Home Appliances & Leisure Goods industry group, which covers leisure equipment and products and consumer electronics.Shares of LG Electronics jumped over 8% at market close.

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Asia4d ago

KOSPI Hits Record High on Hopes of US-Iran Peace Agreement; Samsung Electronics Soars 14%

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