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Telekomunikasi Indonesia Sells Entire Stake in Administrasi Medika

Telekomunikasi Indonesia (IDX:TLKM) sold its entire stake in Administrasi Medika to Global Assistance & Healthcare Singapore, according to a filing with the Indonesian bourse.The disposal was made through the state-owned telecom network's subsidiary, Multimedia Nusantara, and venture arm Metra Digital Investama VenturaThe move is part of the company's plan to simplify its portfolio and align with Danantara Asset Management Persero's strategic plan for unit streamlining in state-owned firms.

IDX:TLKM

Asia40d ago

Beijing Oriental Yuhong Waterproof Technology to Acquire 55% Stakes in Two Indonesian Companies; Shares Fall 3%

Beijing Oriental Yuhong Waterproof Technology (SHE:002271) plans to invest about 542 million yuan to acquire 55% stakes in Indonesian construction materials companies PT IALK and PT ACUM.The transaction involves a capital increase and share purchase for PT IALK, which manufactures waterproof coatings, and a direct share purchase for PT ACUM, a sales company, according to a Wednesday filing with the Shenzhen bourse.Shares of the waterproofing system provider declined 3% in recent trade.

SHE:002271

Asia40d ago

Market Chatter: BYD, JD.com-Backed PaXini Technology Mulls Hong Kong IPO

PaXini Technology, a Chinese developer of dexterous robotic hands and humanoid robots, is weighing an initial public offering in Hong Kong, Bloomberg News reported Wednesday, citing people familiar with the matter.The BYD (HKG:1211, SHE:002594)- and JD.com (HKG:9618)-backed company is working with advisers and could submit a listing application in the coming months, according to the report.Key details, including the size and timing of the offering, are still under discussion and have yet to be finalized, Bloomberg said.PaXini raised more than 1 billion yuan in a March funding round, valuing the company at more than 10 billion yuan, 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.)

Hang SengHKG:1211HKG:9618SHE:002594

Asia40d ago

Shui-Mu International Chairman Takes on Additional Role of President

Shui-Mu International's (TPE:8443) board appointed Chairman Lo Jung-Yueh to concurrently serve as president, effective Tuesday, according to a same-day Taiwan Exchange filing.The footwear and lifestyle retailer said the appointment replaces former president Kuo Hsin-Yi.

TPE:8443

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Market Chatter: OYO Operator PRISM Receives SEBI Approval for Planned IPO

Hospitality technology company PRISM has received Securities and Exchange Board of India's approval for its proposed initial public offering, Mint reported Tuesday, citing people familiar with the matter.The OYO operator confidentially filed its draft red herring prospectus with SEBI in December 2025 after shareholders approved a plan to raise up to 66.5 billion rupees through a fresh issue of shares, the report said, citing the sources.PRISM is seeking a valuation of about $7 billion to $8 billion for the proposed offering, Mint noted.The company is expected to publicly file an updated draft prospectus by early July, after which the document will be open for public comments, 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.)

^BSENifty 50

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Market Chatter: Genscript Biotech Defends Operations Amid Renewed U.S. Lawmaker Scrutiny

Genscript Biotech (HKG:1548) defended its operations after renewed scrutiny from U.S. lawmakers over alleged national security concerns, the South China Morning Post reported Wednesday.The company said it operates with transparency across its global markets and follows strict data security and intellectual property safeguards, according to the report.The response came after two U.S. lawmakers reportedly sent a letter to the Federal Bureau of Investigation and the Office of the Director of National Intelligence for updated information regarding GenScript and its affiliates.The lawmakers had made a similar request last year, citing concerns about potential links to China's biotechnology ambitions.Shares of the life sciences firm were up over 14% in Wednesday afternoon trade.(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.)

HKG:1548

Asia40d ago

Global View Denies Insider Trading Allegations, Cites No Regulatory Findings

Global View (TPE:3040) has not been found in violation of Taiwan's Securities and Exchange Act, following a media report alleging insider trading involving its general manager.The company said the report, published by Mirror Media, was based on third-party allegations and that no competent authority has made any determination of wrongdoing, according to a Tuesday Taiwan Exchange filing.The electronic dictionaries added that the general manager has denied the allegations and has retained legal counsel to submit a written clarification.Global View said it maintains strict internal controls and will cooperate with authorities, while reserving legal action over any false or unverified claims.

TPE:3040

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Power Mech Projects Wins INR2.66 Billion O&M Contract from Adani Group Firm

Power Mech Projects (NSE:POWERMECH, BOM:539302) secured an operations and maintenance contract worth 2.66 billion Indian rupees from Adani Infrastructure Management Services, according to an Indian bourse filing on Wednesday.The contract covers key performance indicator-based operations and maintenance services for a 2x300 MW thermal power plant at Butibori in Maharashtra, India, the filing said.The order is scheduled to be executed over 60 months from July 1, 2026, to June 30, 2031, it added.Shares of the company rose nearly 2% in recent trade.

BOM:539302NSE:POWERMECH

Asia40d ago

Market Chatter: SoftBank Group Advances to Second Round of Bidding in Blackstone Payments Service Provider Sale

SoftBank Group's (TYO:9984) telecom unit SoftBank Corp. has been shortlisted for a potential bid on Blackstone's payments services provider SP.LINKS Inc., Bloomberg reported Wednesday, citing people familiar with the matter.The group, which will compete against an unnamed private equity fund, has until mid-July to place a bid, with the sellers seeking a price tag of 100 billion yen, the report said.Blackstone owns 80% o the business, with the remaining held by a unit of Sony Financial Group (TYO:8729).(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:8729TYO:9984

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Australian Shares Climb; Ampol Secures ACCC Nod for Proposed Acquisition of Fuel, Convenience Retailer

Australian shares rose on Wednesday even as hostilities flared in the Middle East, as hopes of a peace agreement being reached between the US and Iran waned.The S&P/ASX 200 Index was up 0.7%, or 61.30 points, to close at 8,785.70.The US said Iranian missile attacks on Bahrain, Kuwait, and other regional targets were either thwarted or failed.Brent crude oil futures were trading above $97 per barrel.On the domestic front, Australia's gross domestic product (GDP) grew 0.3% in the March quarter on a seasonally adjusted, chain volume basis, after a 0.9% growth in the December 2025 quarter, according to the Australian Bureau of Statistics. The GDP rose 2.5% compared with a year earlier.Australia's seasonally adjusted S&P Global Services purchasing managers' index (PMI) business activity index fell below the 50 no-change mark in May, posting 48.7 from 50.7 in April, according to a report by S&P Global.The Australian Industry Index remained weak in May, largely due to the energy crisis, with the index down 1 point to -26.5 in seasonally adjusted terms, according to a report released by the Australian Industry Group.In company news, Ampol's (ASX:ALD) proposed acquisition of fuel and convenience retailer EG Australia received approval from the Australian Competition and Consumer Commission (ACCC). The approval is conditional on the company giving an executed court-enforceable undertaking to the ACCC to divest 41 sites to Metro Petroleum.Superloop (ASX:SLC) upgraded its fiscal year 2026 guidance for underlying earnings before interest, taxes, depreciation, and amortization to AU$118 million to AU$122 million from a prior forecast of AU$112 million to AU$120 million.Lastly, Cygnus Metals (ASX:CY5) agreed to be acquired by Central Asia Metals in an all-scrip deal that values each Cygnus share at AU$0.176. Under a definitive scheme implementation deed, Cygnus shareholders will receive 0.06 new Central Asia Metals shares for each Cygnus share held.

ASX 200ASX:ALDASX:CY5ASX:SLC

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Nippon Life Insurance Enters Investment Management Deal With Blackstone

Nippon Life Insurance, Japan's largest life insurer, said it entered a preliminary agreement with Blackstone for investment management services in the private credit and real estate sectors, according to a statement Wednesday.Under the memorandum of understanding, Nippon Life Insurance will access "high-quality investment opportunities" to enhance value to its policyholders, it said.

Nikkei 225

Asia40d ago

Shenzhen SED Industry Completes 95-Million-Yuan Property Acquisition

Shenzhen SED Industry (SHE:000032) subsidiary China Electronics System Technology fully paid 95 million yuan to acquire three properties in CEC Smart Plaza in Hebei, China.The actual delivered area is 7,302 square meters, slightly above the estimated 7,269 square meters, according to a Wednesday filing with the Shenzhen bourse.The acquisition will serve as self-use research and development office space to support the company's digital city business expansion and R&D capabilities in North China.

SHE:000032

Asia40d ago

Shilpa Medicare Arm Secures 30.4% Stake in Spanish Biotechnology Firm for EUR7 Million

Shilpa Biocare, a wholly owned subsidiary of Shilpa Medicare (NSE:SHILPAMED, BOM:530549), has agreed to acquire a 30.4% stake in Spanish biotechnology company Gate2Brain for 7 million euros, according to a Wednesday filing to the Indian stock exchanges.Under the terms of the agreement, Shilpa will become a strategic shareholder of Gate2Brain and its dedicated chemistry, manufacturing, and controls (CMC), and regulatory partner for G2B-002 - Gate2Brain's lead program in brain cancer.Gate2Brain is in the pre-clinical stage of product development currently for G2B-002, which has been granted Orphan Drug Designation by both the US Food and Drug Administration and the European Medicines Agency.The company's shares were down over 1% in recent trade.

BOM:530549NSE:SHILPAMED

Asia40d ago

Emerging Towns & Cities Secures SGX Waiver for Full Equity Loan Settlement; Shares Up 4%

Emerging Towns & Cities Singapore (SGX:1C0) has secured a key regulatory waiver from the Singapore Exchange Regulation (SGX RegCo) regarding earlier undertakings in connection with a convertible loan agreement with Luo Shandong, according to a Tuesday bourse filing.Shares of the property developer were up over 4% in Wednesday trading.The real estate developer obtained an official "no objection" notice regarding the waiver of restrictive compliance undertakings dating back to 2018.Following the approval, the company has preserved its cash reserves, with the loan amount of around SG$1.2 million settled through the issuance of 204.9 million shares at SG$0.09 per share.Under the previous undertakings, Luo was in line to become the company's largest shareholder following the conversion of his loan. However, the company now has a new controlling shareholder, Cao Yongyan, who has a 22.34% stake in the company.In light of the possibility of Luo exercising his right to convert the outstanding loan amount into company shares on or before May 25, the company had applied for a waiver of the undertakings.

SGX:1C0

Asia40d ago

Vantris Energy Steps Closer to PN17 Exit After Auditor Flags No Material Uncertainty

Vantris Energy's (KLSE:VANTNRG) external auditor Ernst & Young issued an unqualified audit opinion with no material uncertainty on its FY2026 financial statements, marking a key step toward exiting PN17 status .The company said this is its first clean audit opinion in four years, according to a Wednesday Malaysian bourse filing.It added that borrowings were reduced to about 5.5 billion ringgit from 10.8 billion ringgit during the year, while the group returned to a positive net asset position of about 3 billion ringgit.Vantris Energy also said it paid about 1.1 billion ringgit to more than 1,400 Malaysian vendors as part of its restructuring efforts, the filing said.

KLSE:VANTNRG

Asia40d ago

OCBC Files for Singapore Listing of $35 Million Worth of Bonds

Oversea-Chinese Banking Corp. or OCBC (SGX:O39) filed for the listing of $35 million worth of cancelable zero coupon bonds due 2046 on the Singapore bourse, according to a filing with the Singapore Exchange on Tuesday.The bonds will be listed and quoted in the Bonds Market on June 4, the bank added.

SGX:O39

Asia40d ago

Jiangxi Rimag to Extend Up to 32 Million Yuan Loan to Two Units

Jiangxi Rimag (HKG:2522) said it agreed to lend up to 32 million yuan to Beijing Rimag Yuntai Medical Devices and Wuhan ronggengs Medical Equipment, according to a Hong Kong bourse filing Tuesday.The medical imaging company's shares fell nearly 4% in afternoon trade Wednesday.The firm owns 51% of both businesses and said its lending facility will be available until Dec. 29, 2028.The loan will accrue interest at an annual rate of 5.5%, the firm said.Both businesses will use the borrowings for their business operations.

HKG:2522

Asia40d ago

Market Chatter: Japan's Cabinet Approves 3.1 Trillion Yen Supplementary Budget to Ease Middle East Woes

Japan's cabinet authorized a 3.1 trillion yen additional budget aimed at shielding households from inflation worsened by the Middle East conflict, Bloomberg News reported Wednesday.The supplementary package establishes a 2.5 trillion yen reserve fund to offer subsidies for countering higher commodity prices, including gasoline, the report said.Aside from the primary inflation fund, the budget dedicates 513 billion yen to replenish current fiscal year reserve pools and 100 billion yen for regional grants, the report said.The government will keep its calendar-based market bond issuance unchanged at 168.5 trillion yen by canceling existing debt from the previous fiscal year, according to the report.This move looks to soothe investor worries regarding national debt, the report said.The cabinet will submit the fiscal measure to parliament, with approval expected as early as Friday, Bloomberg said.The 10-year government bond yield ticked up 2.5 basis points to 2.595% during morning trading, 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.)

Nikkei 225

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Arafura Rare Earths Opens Share Purchase Plan; Shares Rise 4%

Arafura Rare Earths (ASX:ARU) said its latest share purchase plan opened on Wednesday after the lodging of the associated prospectus with the Australian Securities and Investments Commission, according to a same-day filing with the Australian bourse.In May, the company disclosed a share purchase plan to generate about AU$25 million priced at AU$0.26 apiece as part of a broader capital raising initiative. The offer is set to close on July 7.Arafura Rare Earths shares gained 4% in recent Wednesday trade.

ASX:ARU

Asia40d ago

Nova Minerals Says Schemes for New US Holding Entity Become Legally Effective; Shares Fall 7%

Nova Minerals (ASX:NVA) said court orders approving Nova Minerals Corp as the new US holding entity for the Nova Minerals group have been lodged with the Australian Securities and Investments Commission, making the associated schemes of arrangement legally effective, according to a Wednesday filing with the Australian bourse.The Supreme Court of New South Wales recently approved proposed schemes allowing Nova Minerals Corp to acquire all existing shares and Nasdaq-listed warrants of Nova Minerals.Nova Minerals expects its Australia-listed shares to be suspended from the bourse at the close of Wednesday trading.The shares fell 7% in recent trade.

ASX:NVA

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Asia40d ago

Australian Shares Climb; Ampol Secures ACCC Nod for Proposed Acquisition of Fuel, Convenience Retailer

ASX 200ASX:ALDASX:CY5ASX:SLC