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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

Asia4d ago

Hanwha Systems Confirms KRW22.1 Billion Worth of Transactions with Hanwha Corp.

Hanwha Systems (KRX:272210) secured transactions worth 22.1 billion won with Hanwha Corp. (KRX:000880) during the third quarter of the year, according to a Wednesday filing with the Korean Exchange.The transactions included sales of 16.3 billion won and purchases of 5.82 billion won.

KRX:000880KRX:272210

Asia4d ago

mDR Secures Extension to Pursue Fund Management License

mDR (SGX:Y3D) was granted an 18-month extension of its waiver from an SGX ruling which governs companies with insufficient operations, according to a Wednesday filing with the Singapore Exchange.The waiver comes after the Monetary Authority of Singapore indicated that the initial Capital Markets Services license application required a fresh submission, granting the company until December 2027 to complete its diversification into fund management.Therefore, the SGX granted an extension after assessing the company had taken proactive steps to address MAS's concerns.

SGX:Y3D

Asia4d ago

Kinik Clarifies Media Report on H2 Growth Outlook

Kinik (TPE:1560) clarified a newspaper report in Economic Daily News regarding its business performance and outlook for the second half of 2026.The report cited market analysts as saying the company is benefiting from capacity expansion in its diamond disk and wafer reclaim businesses, with expectations that second-half performance could outperform the first half and potentially support stronger annual results, according to a Wednesday Taiwan Exchange filing.Kinik stressed the commentary was based solely on external estimates, adding that investors should refer to official disclosures filed on the Market Observation Post System for verified financial and business information.

TPE:1560

Asia4d ago

Duketon Mining's Maiden Drilling at Western Australia Gold Project Returned Encouraging Results, Euroz Hartleys Says

Duketon Mining's (ASX:DKM) maiden drilling at the Barlee gold project in Western Australia returned promising initial results that highlight its "strong regional position within a proven gold district," Euroz Hartleys said in a Wednesday note.Intersections at the Astro prospect include 24 meters at 0.8 grams per tonne grade of gold from 24 meters, eight meters at 0.8 g/t from 52 meters, and seven meters at 0.7 g/t from 76 meters. Additionally, near-surface results at the Gromit prospect include four meters at 0.5 g/t from 16 meters, and eight meters at 0.3 g/t from 28 meters.Roughly 70% of the current Barlee tenure is still untested by ultra-fine fraction geochemistry, and an additional 12 kilometers of prospective strike to the south is under application, which shows "substantial scope to expand the project," Euroz Hartleys said.Gold-related merger and acquisition activity across the Southern Cross district has been prolific, and any potential discoveries at Barlee "could be highly value‐accretive and may attract future corporate interest," the investment firm said.Euroz Hartleys maintained a speculative buy rating on Duketon Mining with a price target of AU$0.75 per share.Duketon shares shed 8% in recent Wednesday trade.

ASX:DKM

Asia4d ago

PSP Energy Closes Bunker Vessel Acquisition

PSP Energy (KLSE:PSP) unit PSP Marine (M) completed the acquisition of a bunker vessel under a memorandum of agreement with Eastern Marine, acting on behalf of Japan's Kyokai Kaiun, according to a Tuesday Malaysian bourse filing.The vessel was successfully delivered on June 20, the company said.

KLSE:PSP

Asia4d ago

Rigol Technologies Nears Hong Kong IPO; Shanghai Shares Down 3%

Rigol Technologies (SHA:688337) said the Hong Kong Stock Exchange has reviewed its listing application after the June 18 hearing.The proposed H-share listing still requires final clearance from the Hong Kong bourse and Securities and Futures Commission, according to a Wednesday filing with the Shanghai bourse.The electronic test equipment manufacturer applied for listing on the Hong Kong bourse in September 2025.Shares of Rigol Technologies were down 3% in recent trade.

SHA:688337

Asia4d ago

Ora Banda Mining, Resolute Mining Shares Plunge as Gold Falls for Second Day

Shares of Ora Banda Mining (ASX:OBM) fell 6% in recent trading on Wednesday, while those of Resolute Mining (ASX:RSG) fell 4% after gold declined for a second day.Spot gold fell over 1% to under $4,070 per ounce as investors reacted to the recent hawkish tone from the US Federal Reserve.Newmont's (ASX:NEM) shares fell 2%.

ASX:OBMASX:RSG

Asia4d ago

Central Tokyo Condominium Prices Weaken as Demand Cools Amid High Interest Rates

Condominium prices in central Tokyo cooled in May amid weakening investor demand due to high interest rates and slower price growth, data from real estate information provider Tokyo Kantei showed.According to Kantei, the average asking price for existing family-oriented condos in six Tokyo wards, comprising Chiyoda, Chuo, Minato, Shinjuku, Bunkyo, and Shibuya, slipped to 187.5 million yen per 70 square meters in May, down 0.4% from April.Meanwhile, in central Osaka, existing condominium prices fell 0.3% to 92.92 million yen per 70 square meters, making it a first monthly decline in 29 months, and in central Nagoya, prices slipped 1.4% to 40.96 million yen per 70 square meters, marking the first decline in five months.The survey data covers properties of 30 square meters or more and excludes office and retail space.

Nikkei 225

Asia4d ago

Update: Tasmea to Acquire Energy Services Provider for Up to AU$75 Million, Confirms Fiscal 2026 Outlook; Shares Reach All-Time Peak

(Update to add stock movement in the headline and the seventh paragraph)Tasmea (ASX:TEA) struck a deal to acquire JPS Group, an integrated services provider to the energy sector, for up to AU$75 million, according to a Wednesday filing with the Australian bourse.The consideration includes an upfront payment of about AU$50 million at completion, consisting of about AU$24.5 million in cash and AU$25.6 million worth of Tasmea shares issued at AU$8.50 each.The aggregate price also includes a cash earn-out of up to AU$25 million from fiscal 2027 through fiscal 2030, or up to about AU$6.3 million per year, subject to certain milestones including JPS achieving a maintainable earnings before interest and taxes target of at least AU$12 million per year.The acquisition is expected to be immediately accretive to earnings per share, with about 5% forecast pro forma EPS accretion in fiscal 2026 assuming full 12-month ownership of JPS, Tasmea said.The deal, anticipated to close on or around Aug. 1, diversifies Tasmea's earnings into the liquefied natural gas and critical energy infrastructure sectors.Additionally, Tasmea affirmed its fiscal 2026 underlying net profit after tax guidance of AU$72.5 million on a standalone basis.Its shares rose over 5% in recent trading on Wednesday, reaching their all-time peak.

ASX:TEA

Asia4d ago

LONGi Green Energy Technology Shareholders Trim Stake After Release of Shares from Pledge

LONGi Green Energy Technology (SHA:601012) said the combined pledged stake of three major stakeholders decreased to 12.81% following the release of shares from pledge.Controlling shareholder Li Zhenguo released 80 million shares from pledge on June 22, reducing his total pledged holdings to 206 million shares, or 2.72% of total equity, according to a Wednesday filing on the Shanghai bourse.The shares had been pledged to Bohai International Trust.Li Zhenguo holds 14.08% of the company. His spouse, Li Xiyan, and their concert party Li Chunan maintain zero pledged shares.The released shares are not scheduled for re-pledging, though future pledges may occur based on personal needs.

SHA:601012

Asia4d ago

Market Chatter: Taiwan, Lithuania Suspend New Investment Talks

Taiwan's Ministry of Foreign Affairs (MOFA) confirmed on Tuesday that discussions with Lithuania on a new economic cooperation initiative have been temporarily suspended, Focus Taiwan reported Tuesday, citing Lithuanian media sources.The pause comes as Lithuania forms a new coalition government in Vilnius, slowing progress on the planned initiative. MOFA spokesperson Hsiao Kuangwei said Taiwan remains committed to strengthening trade and economic ties, according to the report.The comments followed Lithuanian media reports this week that pointed to domestic political changes behind the suspension, according to the report.(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

Asia4d ago

Schoolblazer's Uniform Business Secures AU$110 Million Debt Facility From Westpac

Schoolblazer's (ASX:SBZ) uniform business division secured a conditional AU$110 million trade finance and term debt facility from Westpac Banking (ASX:WBC, NZE:WBC), according to a Wednesday filing with the Australian bourse.The agreement includes AU$45 million in term debt facilities with a five-year tenor and a seasonal trade finance facility of up to AU$65 million on "competitive market terms," per the filing.The company said the new facility will replace the uniform business' fragmented legacy debt arrangements with a single facility that has capacity for growth.Westpac Banking's Australian shares were up 1% in recent Wednesday trade.

ASX:SBZASX:WBCNZE:WBC

Asia4d ago

MMG Completes $800 Million Bond Offering

MMG (HKG:1208) completed an $800 million bond offering, according to a Tuesday filing with the Hong Kong bourse.The company issued zero-coupon convertible bonds maturing 2027 to refinance existing loans and replenish working capital.The bonds are convertible into a little over 613.9 million shares at an initial price of HK$10.21 apiece.

HKG:1208

Asia4d ago

OceanScape International Secures Default Judgments Against Buyers for Payment Defaults

OceanScape International (SGX:V2Y) secured default judgements against two buyers who had failed to pay for subsidiaries acquired in 2025, according to a Tuesday filing with the Singapore Exchange.The Singapore courts ruled in favor of unit, V2Y for a combined SG$830,00 plus associated costs and interest of 5.33% per year.Hao Xiang Enterprise was ordered to pay SG$580,000 by the high court for the unpaid acquisition of EVT 603, while Specialty Traditional Foodhub was ordered to pay SG$250,000 for the acquisition of Evertrust F&B.

SGX:V2Y

Asia4d ago

WTO Body to Form Panel on India-China Solar Tariffs Dispute

The World Trade Organization's Dispute Settlement Body on Tuesday agreed to form a panel on China's request to review measures in India affecting imports of solar cells, solar modules, and information technology goods, according to an official statement released the same day.This was China's second request for the establishment of a panel after its first attempt in May, which India also opposed.China said India's tariff measures were contrary to its WTO commitments and that bilateral consultations had not resolved the dispute.India, on the other hand, said it regretted that China requested the establishment of a panel for the second time, as it had already demonstrated the measures' compliance with WTO rules during consultations.

^BSE^NSE

Asia4d ago

AECC Aviation Power Unit to Invest Up to 2 Billion Yuan in Structured Deposits; Shares Down 3%

AECC Aviation Power (SHA:600893) subsidiary Tonghang Power will use up to 2 billion yuan in idle self-owned funds to purchase structured deposits from major state-owned or national joint-stock commercial banks.The investment, carrying a principal-guaranteed floating return, offers expected returns of between 14 million yuan and 20 million yuan and runs through Dec. 31, according to a Wednesday filing on the Shanghai bourse.Shares of the aerospace product distributor slid 3% in recent trade.

SHA:600893

Asia4d ago

Huaku Development Signs NT$4.73 Billion Housing, Parking Project Deal

Huaku Development (TPE:2548) signed a joint construction and housing allocation deal, with the company's investment of about NT$4.73 billion according to a Tuesday Taiwan Stock Exchange filing.The New Taipei project will be developed into residential units for sale or rent, along with parking facilities.Under the terms, the landowners will be allocated between 36% and 37% of the completed real estate assets, while Huaku Development will retain the remaining 63% to 64% share of the property allocation.

TPE:2548

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