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Juneyao Airlines Lowers Share Repurchase Price Cap

Juneyao Airlines (SHA:603885) lowered its share repurchase price cap to 14.31 yuan per share from 14.50 yuan per share, effective June 11.The move followed the approval of a 0.20 yuan per share cash dividend at the carrier's 2025 annual shareholders' meeting, according to a Friday filing with the Shanghai bourse.

SHA:603885

Asia39d ago

Celsys Declares Lower Interim Dividend for 2026

Celsys (TYO:3663) declared an interim dividend of 20 yen per share for 2026, higher than the previous forecast of 18 yen but lower than the 22 yen interim dividend paid a year ago.The total dividend payment amount and date were not disclosed, according to a Tokyo bourse filing on Friday.The graphic content platform developer forecasts a total dividend of 40 yen per share, consisting of an interim and final dividends of 20 yen each.

TYO:3663

Asia39d ago

Shyam Metalics and Energy Posts Higher Stainless Steel Volumes, Realizations in May

Shyam Metalics and Energy (NSE:SHYAMMETL, BOM:543299) reported 5.3% higher stainless steel volumes in May to 7,367 tonnes from 6,999 tonnes a year ago, according to a Friday filing with the Indian bourses.Stainless steel realization jumped over 32% year on year to 181,356 Indian rupees per tonne from 137,296 rupees per tonne, the filing said.Aluminium foil volumes fell nearly 25% to 1,570 tonnes, while realization grew nearly 35% to 495,275 rupees.Pellet sales declined around 12% to 112,004 tonnes, though realization rose over 5%. Speciality alloys sales volume dropped nearly 19% to 16,201 tonnes, but realization increased about 27% to 108,050 rupees, the filing said.

BOM:543299NSE:SHYAMMETL

Asia39d ago

Jiangsu Broadcasting Cable Information Network to Increase Investment in Jiangsu Changshu Rural Commercial Bank

Jiangsu Broadcasting Cable Information Network (SHA:600959) will increase its investment in Jiangsu Changshu Rural Commercial Bank (SHA:601128) to 4.5% from 3.5%, according to a Friday filing with the Shanghai bourse.The total investment amount will rise to 1.2 billion yuan from 900 million yuan.

SHA:600959SHA:601128

Asia39d ago

Yamada and Edion Sign MOU to Merge Under a Holding Company Structure

Yamada (TYO:9831) and Edion (TYO:2730) have signed a memorandum of understanding to pursue a business integration based on an equal partnership amid intense competition.The proposed integration would create a retail giant with 2.5 trillion yen in combined sales, allowing the companies to pursue economies of scale through joint purchasing and lower procurement costs amid intensifying competition from online rivals and overseas manufacturers.Under the plan, both companies would become wholly owned subsidiaries of a new holding company via a share transfer, with the integrated entity expected to list on the Tokyo Stock Exchange's Prime Market around Oct. 1, 2027, according to a Friday filing.The new holding company's leadership structure would see Noboru Yamada of Yamada serve as Representative Director, chairman and co-CEO, while Masataka Kubo of Edion would serve as representative director, president and co-CEO.

TYO:9831

Asia39d ago

Guizhou RedStar Developing's Stock Fluctuates Over 20% on June 3-4

Guizhou RedStar Developing's (SHA:600367) stock fluctuated by more than 20% on June 3 and 4, according to a Friday filing with the Shanghai bourse.The software company did not disclose a reason for the surge, but comes after another surge was announced on May 29.Its price-to-earnings ratio surged to 156.99, higher than the static ratio of 29.85 and the rolling ratio of 26.93 for the chemical raw materials and chemical products manufacturing industry, stipulated by the country's securities regulator.Shares closed 5% higher on Friday.

SHA:600367

Asia39d ago

Powerlong Real Estate Logs 600 Million Yuan in May Contracted Sales

Powerlong Real Estate (HKG:1238) recorded contracted sales of around 600 million yuan in May, with a sales area of 77,786 square meters, according to a Friday Hong Kong bourse filing.For the five months ended May 31, contracted sales and sales area reached roughly 2.79 billion yuan and 276,645 square meters, respectively.

HKG:1238

Asia39d ago

Wee Hur Enters Hong Kong Student Accommodation Market

Wee Hur (SGX:E3B) has made a foray into Hong Kong's purpose-built student accommodation (PBSA) market through a joint venture with Starvia Holdings, according to a Friday filing with the Singapore Exchange.The company has secured a master lease over Starvia by Y Suites on Fortress Hill, which comprises 246 beds across 19 stories. Leasing expected to start in the second half of 2026.The move expand the company's PBSA portfolio and grants it entry into a new market, while addressing Hong Kong's forecasted PBSA shortfall of around 120,000 beds by 2028.

SGX:E3B

Asia39d ago

Alembic Pharmaceuticals Gets USFDA Approval for Haloperidol Tablets

Alembic Pharmaceuticals (NSE:APLLTD, BOM:533573) received final approval from the U.S. Food and Drug Administration for its abbreviated new drug application (ANDA) for Haloperidol Tablets in strengths of 1 mg, 2 mg, 5 mg, 10 mg and 20 mg, according to a Friday filing on Indian bourses.The product is the generic equivalent of Haldol Tablets marketed by Ortho McNeil Pharmaceutical and is used for the management of psychotic disorders and Tourette's disorder, the company said in the filing.The approved product has an estimated market size of about $27 million for the 12 months ended March 2026, the filing said, citing IQVIA data.With this approval, Alembic has received a cumulative 240 ANDA approvals from the USFDA, comprising 221 final approvals and 19 tentative approvals.

BOM:533573NSE:APLLTD

Asia39d ago

Gettop Acoustic Seeks Majority Control of Zhejiang Dijia Precision Technology

Gettop Acoustic (SHE:002655) signed a framework agreement to acquire at least a 51% stake in laser processing equipment maker Zhejiang Dijia Precision Technology.The deal involves a 200-million-yuan capital injection into Zhejiang Dijia and investments of up to 100,000 yuan each into Hangzhou Di Sheng and Hangzhou Di Rong to become their general partner.The preliminary valuation for Zhejiang Dijia Precision Technology is up to 450 million yuan, a premium of over 535%.Shares of the electronic components maker closed 2% higher Friday.

SHE:002655

Asia39d ago

Autobacs Seven's Total Store Sales Increase 6.1% in May

Autobacs Seven (TYO:9832) booked a 6.1% increase in total store sales in May, with same-store sales up 5.4% year on year, according to a Friday filing with the Tokyo Stock Exchange.The average purchase price per customer rose 1.7% across all stores.The company attributed the sales growth to stronger demand for batteries and accessories amid rising maintenance demand for existing cars and a higher number of weekends and national holidays from the previous year.

TYO:9832

Asia39d ago

Malaysian Shares End Week in Green Despite Downbeat Regional Performance

Malaysian shares extended yesterday's gains to end in the green territory on Friday, bucking regional losses.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 10.2 points to end 0.6% higher at 1,693.43. The day range was between 1,684.36 and 1,698.53.In economic news, Malaysia rejected the US claims about excess production capacity and forced labor as trade talks between the two countries continue, The Star reported, citing Investment, Trade and Industry Minister Johari Abdul Ghani. Johari said the country does not have surplus production capacity and denied claims that foreign goods are being routed through Malaysia for export to the United States.In corporate news, shares of OSK Property (KLSE:OSKPROP) slid over 2% on Friday's close after it launched a 690 million ringgit beachfront freehold development, called OSK Ombak. The project, in Kuantan, Malaysia, will feature 1,274 fully furnished serviced apartments across three blocks, along with retail units, and is scheduled for completion in 2030.GuocoLand (Malaysia) (KLSE:GUOCO), filed a formal petition with the High Court of Malaysia to confirm its proposed share capital reduction and repayment framework. Shares ended flat today.

FTSE Bursa Malaysia KLCIKLSE:GUOCOKLSE:OSKPROP

Asia39d ago

UMS Integration Enters MoU to Acquire Majority Stake in Vietnam-Based Precision Engineering Business

UMS Integration (SGX:558) signed a memorandum of understanding to invest in and consolidate three Vietnamese precision engineering companies to form a single company, according to an after-market filing with the Singapore Exchange on Friday.The company is looking to acquire Viet Nguyen Mechanical Precision Company, Central Metal Mechanical Company and Global Metal Plating Company for a total investment amount of around $3.6 million, against a 51.6% stake through a new company.The acquisition is part of the company's strategy to enhance its presence in Vietnam.Meanwhile, the agreement is presently non-binding and subject to due diligence and execution of definitive agreements.

SGX:558

Asia39d ago

Market Chatter: MUFG to Launch Digital Financial Services for Small Businesses as Early as Next Year

Mitsubishi UFJ Financial Group (TYO:8306) plans to launch digital financial services for small and medium-sized enterprises as early as next year, targeting a large underserved segment of Japan's market, Nikkei Asia reported Friday, citing an official.Although SMEs receive 70% of all bank loans, major lenders have avoided this space due to small loan sizes, but digital services cut costs, making smaller businesses a feasible blue ocean for leading banks, the news daily said.MUFG's full-scale push will begin in 2027 with dedicated credit cards for SMEs and sole proprietors as the payment core, expanding gradually on an online portal where smaller businesses can access financing to fund management, the report said.Norihiko Sumita, president of MUFG's credit card subsidiary Mitsubishi UFJ Nicos, said the group will "create a financial platform for corporations", the publication 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.)

TYO:8306

Asia39d ago

ACME Solar Completes INR28 Billion via QIP; Shares Jump 4%

ACME Solar Holdings (NSE:ACMESOLAR, BOM:544283) said it has completed its qualified institutional placement (QIP), raising 28 billion Indian rupees from institutional investors, according to a Friday filing.The issue saw participation from domestic mutual funds, insurance companies and foreign investors, including SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, BlackRock, Goldman Sachs, and Abu Dhabi Investment Authority, among others, the filing said.The company said it will use the proceeds to reduce leverage and strengthen its balance sheet.ICICI Securities and IIFL Capital Services were the book-running lead managers for the issue.Shares of the company jumped nearly 4% in recent trade.

BOM:544283NSE:ACMESOLAR

Asia39d ago

Market Chatter: Malaysia Rejects US Allegations on Manufacturing Capacity, Forced Labor

Malaysia rejected the US claims about excess production capacity and forced labor as trade talks between the two countries continue, The Star reported Friday, citing Investment, Trade and Industry Minister Johari Abdul Ghani.Johari said the country does not have surplus production capacity and denied claims that foreign goods are being routed through Malaysia for export to the United States. He said Malaysia's manufacturing sector operates based on genuine market demand and complies with international labor standards. Authorities are reviewing concerns related to forced labor in global supply chains and considering tighter import screening measures, according to the report.The United States is currently conducting a broader trade review covering several economies, focusing on issues such as subsidies, environmental rules, and labor practices. Malaysia said it continues to engage with US officials as tariff-related measures remain under evaluation, the news outlet 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.)

FTSE Bursa Malaysia KLCI

Asia39d ago

T&D Insurance Group's Subsidiary Sale Has Limited Business, Financial Risk Impact, S&P Says

T&D Insurance Group's sale of subsidiary T&D Financial Life has a narrow impact on its business and financial risk profiles, S&P Global Ratings said in a Friday release.S&P views the subsidiary's share in the Japanese insurance group as not significant.The group, which is the holding company of Daido Life Insurance and Taiyo Life Insurance, will divest 85.1% of its shares in T&D Financial Life Insurance, with completion expected in the second half of fiscal 2027.Although the subsidiary's contribution to new business premiums is high at about 40%, its total earnings and embedded value shares are low at about 4% to 5%, the rating agency said.The subsidiary focuses on low-profitability savings-type insurance products.The sale is in line with the group's efforts to evolve its revenue structure and reallocate capital toward higher-growth areas, S&P said.

Nikkei 225

Asia39d ago

China Investment and Finance Forecasts Turnaround to Full-Year Profit

China Investment and Finance Group (HKG:1226) expects a net profit of between HK$125 million and HK$150 million for the year ended March 31, compared with a net loss of HK$5.5 million a year prior, according to a Friday Hong Kong bourse filing.The agricultural and financial services provider attributed the forecast to a turnaround in the performance of its listed equity investments to profit for the fiscal year.

HKG:1226

Asia39d ago

Truly International's Turnover Slips 13% in May

Truly International (HKG:0732) recorded a turnover of around HK$1.22 billion in May, down 13% from HK$1.41 billion a year prior, according to a Friday Hong Kong bourse filing.For the five months ended May 31, turnover slid 17% to roughly HK$5.55 billion from HK$6.66 billion in the year-ago period.

HKG:0732

Asia39d ago

Market Chatter: Taiwan, Czech Republic Vow to Deepen Economic, Technology Cooperation

Taiwan and the Czech Republic agreed to expand economic and technology cooperation during a meeting between Taiwanese ministers and Czech Senate President Milos Vystrcil, CNA reported Thursday.Taiwan reportedly said it has a $200 million investment fund and a $1 billion financing fund for Central and Eastern Europe, with the Czech Republic receiving the largest share of investments.Officials also announced an additional 50 million euros to support a program aimed at boosting bilateral investment and business activity between the two sides. The funds will be used to support Taiwanese companies entering the Czech market and Czech firms investing in Taiwan, CNA said.Both sides highlighted growing cooperation in semiconductors, AI servers, drones, aviation, and logistics. They also noted that bilateral trade reached about $2.14 billion in 2025, reflecting deepening economic ties, the news outlet 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.)

Taiwan Weighted

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