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Alpha Networks Names Chairman of Subsidiary; Shares Drop 4%

Alpha Networks (TPE:3380) appointed Shun-Yung Huang as the new chairman of its unit Alpha Networks (Changshu), according to a Thursday Taiwan Exchange filing.Shares fell about 4% in Friday's midday trade.He succeeded Cai-Fen Chen in the role, as the latter stepped down due to job relocation.

TPE:3380

Asia39d ago

Market Chatter: Suzlon Energy Expands into Integrated Renewable Energy Parks

Suzlon Energy (NSE:SUZLON, BOM:532667) is expanding beyond wind turbines into integrated renewable energy parks combining wind, solar and battery storage, Bloomberg News reported Thursday, citing an interview with Vice Chairman Girish Tanti.The company plans to help customers develop, operate and maintain round-the-clock clean energy projects amid growing energy security concerns, Tanti told Bloomberg.He said India added a record 6.3 GW of wind capacity in 2025, with installations expected to exceed 8 GW in 2026, according to the report.Suzlon aims to increase its managed energy asset portfolio fourfold to 70 GW over the next five years, the report said, citing a company statement. It also plans to set up a battery energy storage manufacturing facility by next year, the report 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.)

BOM:532667NSE:SUZLON

Asia39d ago

Market Chatter: Macquarie Chair Appointed as Head of New South Wales Treasury Corporation, Bloomberg Reports

Macquarie Group (ASX:MQG) chair and former Reserve Bank of Australia governor Glenn Stevens is set to take over as the next chair of the New South Wales Treasury Corporation on Sept. 1, Bloomberg reported on Friday, citing New South Wales Treasurer Daniel Mookhey.Stevens will succeed the current chair, Michael Dwyer.New South Wales Treasury Corporation is set to receive permission to issue debt in currencies other than the Australian dollar.(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:MQG

Asia39d ago

Incredible Holdings Cancels Loan Agreement With Lender

Incredible Holdings (SGX:RDR) has decided to cancel a SG$500,000 loan deal with third-party lender, Chu Boon Tiong, after the lender became entirely unreachable and failed to disburse the loan amount, according to a Thursday filing with the Singapore Exchange.The two parties entered into a loan agreement back in August 2025 to help the management services provider with its working capital needs.

SGX:RDR

Asia39d ago

Medi Lifestyle Signs Debt Offset Deal; Shares Slide 8%

Medi Lifestyle (SGX:Z4D) reached an agreement with controlling shareholder, Chua Yi Hang, to offset part of a shareholder loan, according to a Thursday filing with the Singapore Exchange.Shares of the healthcare services provider were down over 8% in Friday trading.Under the agreement, Hang will subscribe to roughly 47.4 million new rights shares, which will offset SG$947,696 of an outstanding SG$1.5 million shareholder loan.Additionally, four other corporate insiders have committed to the share offering and have already deposited their subscription amounts into the company bank account, taking the total subscription to 107.1 million shares, amounting to about SG$2.1 million.Proceeds raised from the activity will be used to offset the loan, while the remaining amount will be used for general working capital needs, debt repayment and business development initiatives.

SGX:Z4D

Asia39d ago

New Zealand Shares Rise; Infratil Allocates AU$200 Million of Capital Bonds Under Offer

New Zealand shares ended higher on Friday, while most Asian shares saw a sell-off as a peace deal in the Middle East remains elusive.The S&P/NZX 50 Index rose 0.46%, or 60.36 points, to close at 13,161.97.The Lebanon-based Hezbollah has rejected a new ceasefire on Thursday, and Israel said it will not withdraw its troops from Lebanon, according to a Thursday Reuters report.In domestic news, New Zealand's total new lending decreased to NZ$14.17 billion in April from NZ$15.13 billion in March, according to data from the Reserve Bank of New Zealand.In corporate news, Infratil (ASX:IFT, NZE:IFT) said its capital bond offer closed after it allocated AU$200 million of unsecured, subordinated, repayable, cumulative, interest-bearing capital bonds maturing on June 15, 2057, including AU$50 million of oversubscriptions.Spark New Zealand (NZE:SPK, ASX:SPK) launched Verified Call, a feature that helps customers identify legitimate Spark calls by displaying the company's name, logo, a verified badge, and the reason for calling on the mobile phone screen before picking up.

^NZ50ASX:IFTASX:SPKNZE:IFTNZE:SPK

Asia39d ago

Shenzhen Megmeet Electrical Guarantees 150 Million Yuan for Yihe Sanitary Ware Unit

Shenzhen Megmeet Electrical (SHE:002851) provided a 150-million-yuan joint liability guarantee for subsidiary Zhejiang Yihe Sanitary Ware, according to a Friday filing with the Shenzhen bourse.The guarantee falls within the industrial automation equipment manufacturer's approved 2026 quota of 6.07 billion yuan, with the remaining available guarantee at 5.92 billion yuan.Shares of the company were down nearly 4% in recent trade.

SHE:002851

Asia39d ago

Singapore Exchange Updates STI Reserve List

Singapore Exchange (SGX:S68) included First Resources (SGX:EB5) and Olam Group (SGX:VC2) in its STI Reserve List, while NetLink NBN Trust (SGX:CJLU) and SIA Engineering (SGX:S59) exited the list, according to a Thursday bourse filing.The new changes will take effect from June 22, with the next review scheduled to take place in September, the filing added.

SGX:CJLUSGX:EB5SGX:S59SGX:S68SGX:VC2

Asia39d ago

Lung Ming Green Energy Settles Subcontract Dispute with Hongsheng Construction

Lung Ming Green Energy Technology Engineering (TPE:3018) signed a settlement deal with Hongsheng Construction at the Chinese Arbitration Association in Taipei, Taiwan.The case stems from a contract dispute regarding electrical and mechanical engineering works for the Taiwan Taoyuan International Airport MRT system.The company said the agreement is not expected to have a material impact on its financial position or operations.

TPE:3018

Asia39d ago

Kedali to Redeem Convertible Bond

Shenzhen Kedali Industry (SHE:002850) plans to fully redeem its outstanding convertible corporate bonds on June 15, according to a Shenzhen bourse filing on Friday.The six-year Keli Convertible Bond was issued in 2022. The redemption price will be 101.41 yuan per bond.The battery structural component manufacturer's shares slipped 1% during the midday trade.

SHE:002850

Asia39d ago

Sinopec Shanghai Petrochemical Tapers Expectations Over Carbon Fiber Following 20% Stock Surge

Sinopec Shanghai Petrochemical (HKG:0338, SHA:600688) tapered expectations around its T1000 grade high-performance carbon fiber following media reports about the product.In a Hong Kong bourse filing Thursday, the firm said the carbon fiber referenced in the reports is a 12K small tow, which is yet to generate revenue or contribute meaningfully once it makes sales.The announcement came after the firm took note of the closing price of its A shares over three consecutive trading days ending June 4, during which its stock price rose by at least 20% in aggregate.The firm clarified that aside from the media reporting, there were no undisclosed matters that would warrant an unusual movement in its A shares' price.The petrochemical firm's Hong Kong shares gained nearly 1% in late morning trade Friday.

HKG:0338SHA:600688

Asia39d ago

Qisda's Sales Slip Nearly 2% in May; Shares Drop 9%

Qisda (TPE:2352) consolidated sales of NT$17.2 billion for May, down 1.7% from NT$17.5 billion in the same month last year.Shares fell about 9% in Friday's afternoon trade.The technology conglomerate did not disclose other details in the filing.

TPE:2352

Asia39d ago

Shenzhen Envicool Technology Backs Indonesian Unit with 16.5 Million-Yuan Performance Guarantee

Shenzhen Envicool Technology (SHE:002837) provided an about 16.5 million yuan performance guarantee for wholly-owned Indonesian subsidiary PT Envicool Technology Indonesia.Valid until May 2027, the guarantee supports business growth for the newly formed unit, according to a Friday filing with the Shenzhen bourse.Shares of the temperature control systems manufacturer were down 2% in recent trade.

SHE:002837

Asia39d ago

IndiGo to Pause Six International Routes Amid Cost, Airspace Curbs

IndiGo, operated by InterGlobe Aviation (NSE:INDIGO, BOM:539448), will temporarily suspend flights to six prominent international destinations starting this July, according to a company statement on Thursday.India's largest commercial carrier will suspend flights to Langkawi, Krabi, Ho Chi Minh City, Hong Kong, and Shanghai effective July 1, 2026. Flights suspension to Siem Reap will follow, pausing on July 3, 2026. The suspension will remain in effect until Sept. 30.The airline said the move is aimed at aligning capacity with current demand and operating conditions amid elevated costs and ongoing airspace restrictions.Bookings for the affected routes will reopen from Oct. 1, the airline said, adding that it may restore services earlier if conditions improve.The announcement follows IndiGo's decision earlier this week to discontinue Manchester flights from Aug. 31 due to higher operating costs and airspace constraints.

BOM:539448NSE:INDIGO

Asia39d ago

ACEN Units Secure PHP2.93 Billion Project Financing Facility

ACEN (PSE:ACEN) units, Palauig Solar 1 and Gigasol2, have signed a 2.93 billion Philippine pesos project financing facility with the Bank of the Philippine Islands (PSE:BPI) and BPI Asset Management and Trust.The facility will partly finance the Palauig 1 Energy Storage System, a 35-megawatt (MW)/140 MW-hour project integrated with the existing 63 MWdc/50 MWac Palauig 1 solar plant in Zambales, according to a Friday Philippines Exchange filing.Proceeds will also be used to refinance debt related to the development of the solar and storage assets, it said.

PSE:ACENPSE:BPI

Asia39d ago

Em Technology Experiences Unusual Stock Movement; Shares Down 3%

Sichuan Em Technology (SHA:601208) experienced abnormal stock fluctuations over three consecutive trading days, but it said its operations remain entirely normal, according to a Shanghai bourse filing on Friday.The electrical insulation materials maker's closing share price rose by more than 20% between June 2 and June 4, exceeding the threshold set by the Shanghai bourse.The company's probe found it has no announcements that could constitute unusual share movement.Em's shares fell nearly 3% during the midday trade.

SHA:601208

Asia39d ago

Dingtong Precision's Stock Price Fluctuates Above 30% on 'Overly Optimistic' Rumors on Liquid Cooling Business; Shares Rise 13%

Dongguan Dingtong Precision Metal (SHA:688668) stock fluctuated by more than 30% over the last three trading days amid "overly optimistic" rumors about the scale of the company's liquid-cooling business, according to a Friday disclosure to the Shanghai bourse.The communication connectors manufacturer closed at 362.40 yuan apiece on Thursday, amid gaining popularity in the liquid cooling sector.The company's liquid cooling business is in the small-batch supply stage and is expanding, but it cannot guarantee whether it can achieve large-scale mass production, it said."Intended communication does not equate to formal orders, and there is significant uncertainty regarding the continued availability, order size, and delivery schedule," Dingtong said.Shares rose 13% during the midday break on Friday.

SHA:688668

Asia39d ago

Digital China Signs New Subsidiary Guarantees

Digital China (SHE:000034) signed new subsidiary guarantees of 650 million yuan and HK$300 million, according to a Friday filing with the Shanghai bourse.Shares of the information services provider rose 1% in recent trade.

SHE:000034

Asia39d ago

Quantgroup to Partner With Tungkong on Robotics

Quantgroup (HKG:2685) said it was partnering with Tungkong (SHE:002117) on advancing embodied intelligent robots in the areas of home services, commercial scenarios and automobile showrooms, according to a Thursday filing with the Hong Kong bourse.The e-commerce platform operator's shares fell nearly 14% in morning trade Friday.Under the strategic cooperation framework agreement, Quantgroup's Silicon (Beijing) Intelligence Technology Development will be authorized as the preferred strategic agent of Tungkong's AIYA series.Both sides will also cooperate on a new generation of home service robots and dedicated service robots.

SHE:002117

Asia39d ago

ACME Solar Raises INR28 Billion Through QIP

ACME Solar Holdings (NSE:ACMESOLAR, BOM:544283) raised about 28 billion rupees through a qualified institutional placement, which closed on June 4, according to a same-day filing on Indian bourses.Shares of the company jumped nearly 4% in early trade on Friday.The company issued around 100.2 million equity shares to eligible investors at 279.50 rupees apiece, reflecting a discount of 4.97% to the floor price of 294.13 rupees per share, the filing said.

BOM:544283NSE:ACMESOLAR

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