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Seacon Shipping Unit to Sell Bulk Carrier for Nearly $43 Million

Seacon Shipping Group (HKG:2409) has agreed to sell a modern vessel chartered to its Seacon Antwerp unit, for $42.9 million, according to a Thursday filing with the Hong Kong bourse.The vessel, a bulk carrier called Seacon Antwerp, was built in 2024 and features a cargo capacity of 43,655 gross tonnage.The firm will deliver the carrier to the buyer by Sept. 30 after exercising an option to purchase the vessel from Qihang Zhongzhou Leasing (Tianjin).Shares of Seacon fell over 2% in recent trade.

HKG:2409

Asia39d ago

BBMG Shareholders Approve 2025 Final Dividend

BBMG (HKG:2009, SHA:601992) said shareholders approved its 2025 final dividend at the company's annual general meeting on Thursday, according to a Friday Hong Kong bourse filing.The cement company will pay a final dividend of 0.05 yuan per share, with holders of Hong Kong-listed shares receiving HK$0.0575 per share.The final dividend is scheduled to be paid on or before July 31, the filing said.

HKG:2009SHA:601992

Asia39d ago

Woodside Energy's Operator for FSO Chalchi to Divest 45% Stake in Mexico-Based Operation

Woodside Energy's (ASX:WDS) operator for floating storage and offloading (FSO) Chalchi, SBM Offshore, entered into a shareholders' agreement with Nippon Yusen Kabushiki Kaisha (NYK) to potentially divest a 45% stake in the special purpose companies related to the lease and operation of the FSO Chalchi, retaining a 55% majority interest, according to a Friday statement by SBM Offshore.FSO Chalchi is currently under construction, and SBM Offshore will operate under a 20-year lease and operating contract with Woodside Energy through its Mexican affiliate, Woodside Petróleo Operaciones de México, the statement added.The company's shares fell 2% in recent Friday trade.

ASX:WDS

Asia39d ago

Gallant Venture Secures Financing Package for Coal Power Plant; Shares Surge 8%

Gallant Venture (SGX:5IG) unit, PT Batamindo Investment Cakrawala, secured financing for the development of a coal-fired power plant in Indonesia, according to a Thursday filing with the Singapore Exchange.Shares of the developer and manager of industrial parks and resorts surged over 8% in Friday trading.The financing comprises loans of up to $900 million from several banks, with the first tranche comprising a $450 million term loan with an eight-year tenor, guaranteed by the company.Meanwhile, the subsidiary also signed an agreement with Broadwood Holding, which will subscribe to convertible bonds worth up to $683.6 million.

SGX:5IG

Asia39d ago

CIG Shanghai Completes Raises HK$1.97 Billion in Net Proceeds via Share Placement

CIG Shanghai (HKG:6166, SHA:603083) raised HK$1.98 billion in gross proceeds from the placement of 15.6 million H shares at HK$126.66 apiece, according to a Friday bourse filing in Shanghai.Net proceeds from the placement to at least six investors reached HK$1.97 billion. The data transmission device maker will use the proceeds to stockpile core components and fund general corporate purposes.

HKG:6166SHA:603083

Asia39d ago

Audinate Group Shares Marginally Lower After Making Three Additions to Dante Avio Install Adapter Products

Audinate Group (ASX:AD8) shares were marginally lower in recent Friday trade after it said in a Thursday statement it made three new additions to its Dante Avio Install adapter products, Dante Avio Install 4-Ch Analog Input, 4-Ch Analog Output, and 2-Ch In/2-Ch Out Analog adapters, all featuring dual switched Ethernet ports allowing up to four units to share a single network drop via daisy chaining.The new models allow for higher channel density when connecting to amplifiers, line mixers, digital signal processors, and other analog installed audio visual equipment.The adapters are launching with exclusive distribution through Midwich in the US, with units expected to ship in late June.

ASX:AD8

Asia39d ago

Dazhong Mining's Subsidiary to Borrow 250 Million Yuan; Shares Up 3%

Dazhong Mining's (SHE:001203) subsidiary, Anhui Jinrisheng Mining, agreed to borrow 250 million yuan from Bank of China's (SHA:601988, HKG:3988) Lu'an branch, according to a Shenzhen bourse filing on Friday.Dazhong Mining serves as the guarantor for the loan.The mining company's available guarantee balance for Jinrisheng Mining reduced to 1.20 billion yuan from 1.45 billion yuan.Dazhong's shares jumped 3% during the midday trade.

HKG:3988SHA:601988SHE:001203

Asia39d ago

DL Holdings-Backed ARTi Raises $1.5 Million in Pre-A Funding Round

DL Holdings (HKG:1709) said C Capital AI agreed to invest $1.5 million in ARTi Holding through a pre-A funding round, according to a Thursday Hong Kong bourse filing.The investor will subscribe for 500 new Class B shares, implying a pre-money valuation of $30 million for the artificial intelligence investment research platform.Following the transaction, DL Holdings' stake in ARTi will be diluted to about 47.6% from 50%.

HKG:1709

Asia39d ago

CF PharmTech Clears GMP Inspection for Suzhou Inhalation Drug Facility

CF PharmTech (HKG:2652) said its inhalation formulation production base in Suzhou passed a good manufacturing practice inspection conducted by the drug regulator of a member country of the Pharmaceutical Inspection Convention and Pharmaceutical Inspection Co-operation Scheme, according to a Thursday Hong Kong bourse filing.The inspection covered the facility's production management and quality control systems, premises, equipment, data integrity, and computerized systems.Shares of the pharmaceutical firm were up over 1% in Friday morning trade.

HKG:2652

Asia39d ago

Lupin Gets US FDA Approval for Ranluspec Interchangeable Biosimilar for Eyesight Ailments

Pharmaceutical company Lupin (NSE:LUPIN, BOM:500257) has received approval from the U.S. Food and Drug Administration for Ranluspec (ranibizumab-hkdz), an interchangeable biosimilar referencing Lucentis of Genentech.The US FDA has approved Ranluspec in both vials and pre-filled syringes in strengths of 0.3 mg (0.05 mL of 6 mg/mL) and 0.5 mg (0.05 mL of 10 mg/mL).The drug is used to treat adults with certain sight problems, including neovascular (wet) age-related macular degeneration, macular edema following retinal vein occlusion, diabetic macular edema, diabetic retinopathy, and myopic choroidal neovascularisation.

BOM:500257NSE:LUPIN

Asia39d ago

United Paragon Mining Issues 3.2 Billion Shares to Pargold Mining

United Paragon Mining (PSE:UPM) completed the issuance of 3.2 billion common shares to Pargold Mining under its conversion program, according to a Friday Philippines Exchange filing.The shares, with a par value of 0.01 Philippine peso each, were issued in exchange for UPMC's outstanding liabilities as outlined in a May 29 Deed of Assignment.Following the deal, United Paragon Mining's Class A preferred shares were cancelled and converted into common shares.

PSE:UPM

Asia39d ago

AboitizPower Confirms Vietnam Expansion, Van Phong Power Stake Plan

Aboitiz Power (PSE:AP) confirmed details reported by the Philippine Daily Inquirer regarding its planned expansion in Vietnam, including its proposed acquisition of a 25% stake in Van Phong Power.Van Phong Power owns a 1,320-megawatt coal-fired power plant, according to a Friday filing with the Philippine Stock Exchange.The company said the transaction, first disclosed in October 2025, remains subject to regulatory approval.Aboitiz Power also confirmed discussions on cooperation in energy, food security and infrastructure during Vietnamese President To Lam's visit to Manila.The company said it would disclose any material developments as required.

PSE:AP

Asia39d ago

Global Chinese Business Club Expands Into Health and Wellness Sector

Global Chinese Business Club (HKG:1757) has launched two health and wellness brands and established a chain of stores across mainland China, according to a Thursday Hong Kong bourse filing.The company said the business operates under the Wicens and Tofans brands, with outlets in cities including Shenzhen, Beijing, Shanghai, Wuhan, Fuzhou, Chongqing, Shenyang, and Xi'an.

HKG:1757

Asia39d ago

Postal Savings Bank of China Raises 30 Billion Yuan via Bond Issue

Postal Savings Bank of China (SHA:601658) raised 30 billion yuan via the issue of perpetual capital bonds to boost capital.The bonds carry a coupon rate of 1.88% for the first five years, adjusted every five years, according to a Thursday filing with the Shanghai bourse.

SHA:601658

Asia39d ago

Gongniu Trims Share Buyback Price Cap After Dividend Payout; Shares Up 3%

Gongniu Group (SHA:603195) lowered the threshold of the price of its share buyback after distributing its cash dividend for the 2025 period.Price of each share will be capped at 60.10 yuan, lower than the previous limit of 62 yuan, according to a Shanghai bourse filing on Friday.The electrical products manufacturer announced plans to repurchase shares worth between 200 million yuan and 400 million yuan in April.The dividend of 1.90 yuan per share was distributed Thursday.The company's shares rose 3% during the morning trade.

SHA:603195

Asia39d ago

Market Chatter: China's Trade Council Blasts US Tariff Proposal

China's trade council blasted proposed U.S. tariffs of up to 12.5% on Chinese goods, Reuters reported Friday.The China Council for the Promotion of International Trade voiced strong dissatisfaction, calling Washington's move a unilateral deviation from global trade rules, according to the report.The Chinese business community urged the U.S. to halt trade restriction abuses and resolve differences through dialogue, Reuters wrote.(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.)

Shanghai Composite^SZSE

Asia39d ago

Tsaker New Energy Unit to Begin Beijing Bourse Trading on June 8

Tsaker New Energy Tech (HKG:1986) said Hebei Tsaker New Materials Technology will be listed on the Beijing Stock Exchange on June 8 under the stock code 920206, according to a Thursday filing with the Hong Kong bourse.The firm previously said it would offer around 8 million new Hebei Tsaker shares at 30.28 yuan each during the IPO. The shares represent 12.54% of the business' issued share capital and 11.15% as enlarged by the transaction.Hebei Tsaker will simultaneously delist from the National Equities Exchange and Quotations, or NEEQ, a Chinese over-the-counter system for trading shares.

HKG:1986

Asia39d ago

Rio Tinto's Acquisition of Remaining Energy Resources of Australia Shares Approved by Federal Court

Rio Tinto's (ASX:RIO) acquisition of the remaining shares in Energy Resources of Australia (ASX:ERA) has been approved by the Federal Court of Australia, a Friday judgment disclosure by the court showed."Having considered the evidence before me and Zentree's objections (and, to the extent they differ, those of the other objecting shareholders). I am satisfied that the terms set out in the Notice give a fair value for the shares in ERA," the judgment said.Energy Resources of Australia said it will need time to review the judgment and prepare its market response, and the trading halt on its shares will remain in place until the earlier of it releasing a disclosure about the proceedings or the start of trading on June 9, according to a Friday Australian bourse filing.The company's shares fell 2% in recent Friday trade.

ASX:ERAASX:RIO

Asia39d ago

Alux Extends KRW12 Billion Loan to Subsidiary iFab

South Korean educational robots and drones manufacturer Alux (KOSDAQ:475580) extended a 12 billion won loan to its subsidiary, iFab, according to a filing with the Korea Exchange on Friday.The loan will be used to acquire shares in other corporations and for business operations, the filing said.The loan period is from June 11, 2026, to June 10, 2027. The loan amount is equivalent to 26.38% of iFab's total equity capital, it said.

KOSDAQ:475580

Asia39d ago

Spark New Zealand Launches Verified Call Feature to Protect NZ Users From Scammers Impersonating Spark

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 reason for calling on the mobile phone screen before picking up, according to a Thursday statement from the company.The company said Verified Call works by sending a notification to the Spark app just before the call connects, allowing Spark's verified branding and call intent to appear on the customer's screen while the phone is ringing and during the call."We're also exploring how this capability could be extended more broadly across other organizations, as part of a wider, coordinated approach to strengthening trust in phone communications," said Ross Dickson, Spark Fraud lead.The company's New Zealand shares rose past 1% in recent Friday trade.

ASX:SPKNZE:SPK

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