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ValueMax Group Issues Shares on Exercise of Warrants

ValueMax Group (SGX:T6I) allotted and issued 8,000 shares on Wednesday pursuant to the exercise of the same number of warrants at SG$0.36 each, according to a same-day filing with the Singapore Exchange.Following the exercise, the company's share capital has increased to about 964.9 million shares, the filing said.

SGX:T6I

Asia40d ago

US Seeks Comments on China Trade Board

The U.S. Trade Representative (USTR) launched a public comment period to gather input on establishing a new bilateral governance framework, referred to as the U.S.-China Board of Trade.The framework is designed to manage trade relations between the two countries on an ongoing basis, according to a Tuesday press release.The USTR is seeking public feedback on specific categories of non-sensitive products that could benefit from tariff adjustments on both sides, with the goal of achieving a more balanced and reciprocal trade relationship.The deadline for comment submission is July 10. Responses to those comments are due July 27.

Shanghai Composite^SZSE

Asia40d ago

Matrix Composites & Engineering Calls Shareholder Meeting to Vote on Advanced Innergy Deal

Matrix Composites & Engineering (ASX:MCE) said Australia's Federal Court ordered the company to convene a shareholder meeting to vote on Advanced Innergy Holdings' (ASX:AIH) proposed acquisition of Matrix, according to a Wednesday filing with the Australian bourse.The court also approved Matrix distributing an explanatory statement with details on the scheme of arrangement. The booklet will be released on June 4.Matrix has scheduled the shareholders' meeting for July 6. The company's board continues to unanimously recommend that shareholders approve the deal.

ASX:AIHASX:MCE

Asia40d ago

Sembcorp Industries Awards 59,000 Shares to Company Directors

Sembcorp Industries (SGX:U96) awarded 59,000 shares, worth SG$347,548, to non-executive directors under the restricted share plan, according to a Tuesday bourse filing.The shares represent 30% of the directors' fees for the 2025 period.

SGX:U96

Asia40d ago

TPG Telecom Well-Positioned to Convert Value-End Subscriber Growth Into Earnings, Jarden Says

TPG Telecom (ASX:TPG) is well-positioned to convert value-end subscriber growth into earnings despite intensifying industry competition for value-end mobile share, Jarden said in a June 2 note.Given the telecommunications company's "positioning as the value brand, smallest back-book and lowest cost operator, we believe it can deliver structurally better earnings conversion on value-end industry growth," the investment firm said.TPG confirmed its fiscal year 2026 guidance while committing to a medium-term framework to deliver operating leverage. Jarden believes the share price response to the trading update, where the stock fell more than 7%, was overdone as there was no change to the forecast.The company's digital subscription expansion and capital expenditure reduction following the completion of a post-transformation investment cycle give it clear levers to improve free cash flow from fiscal year 2026 through fiscal year 2030, the equity research firm said.Jarden maintained an overweight rating on TPG with a target price of AU$4.30.

ASX:TPG

Asia40d ago

Maywufa's Operating Revenue Rises 13% in May

Maywufa (TPE:1731) booked operating revenue of NT$137.2 million in May, up 13.2% from NT$121.2 million a year earlier, according to a Wednesday Taiwan Exchange filing.For the cumulative period to May, revenue rose 8.1% year-on-year to NT$722.6 million from NT$668.32 million last year, the healthcare and beauty company said.

TPE:1731

Asia40d ago

Hengyang Petrochemical Logistics Granted Further Extension to Hold AGM

Hengyang Petrochemical Logistics (SGX:5PD) was granted a 60-day extension from the Accounting and Corporate Regulatory Authority (ACRA), Singapore, to hold its 2025 annual general meeting and file its annual return.The petrochemicals logistics company has been given a deadline to hold its AGM by Aug. 29 and release its filings by Sept. 29, according to a Tuesday bourse filing.The company required an extension since it had not appointed a new auditor to sign off on its financial statements and cannot guarantee to find a new auditor in time.

SGX:5PD

Asia40d ago

Filinvest Land Completes PHP9 Billion Bond Offering

Filinvest Land (PSE:FLI) completed the listing of 9 billion Philippine pesos in retail bonds on the Philippine Dealing and Exchange on Tuesday.The 3.5-year offering, which was oversubscribed by three times, marks the company's third tranche under its 35 billion pesos shelf-registration program, according to a Wednesday Philippine Exchange filing.Proceeds will be used to refinance maturing debt, which previously funded construction projects for its housing and commercial properties, it said.

PSE:FLI

Asia40d ago

Market Chatter: Chinese Service Robot Maker Pudu Robotics Eyes Hong Kong Listing

Chinese service robot maker Pudu Robotics is preparing for a Hong Kong listing, Nikkei Asia reported Wednesday, citing founder and chief executive Felix Zhang.Speaking on the sidelines of the Beyond Expo technology exhibition in Macau, Zhang said the listing would support the company's international expansion, though he did not provide a timetable, according to the report.Zhang reportedly added that the overseas markets account for the majority of Pudu's business, with Europe and the U.S. contributing about 60% of revenue, compared with less than 20% from China.(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 Seng

Asia40d ago

Chuangxin Industries' Unit Completes 476 Million Yuan Tax Payment

Chuangxin Industries' (HKG:2788) subsidiary Inner Mongolia Chuangyuan Metal has completed payment of about 476 million yuan in additional taxes related to its entitlement to preferential tax policies for high-tech enterprises, according to a Tuesday Hong Kong bourse filing.The company said the tax payment was made in accordance with guidance from the competent tax authority, and no administrative penalty was imposed.Chuangxin Industries said it has sufficient cash and bank deposits and does not expect the tax payment to have a material adverse effect on its overall financial condition.

HKG:2788

Asia40d ago

BioDlink International Says No Undisclosed Matters That Would Warrant Unusual Movement in Stock Price

BioDlink International (HKG:1875) said there were no undisclosed matters that would warrant an unusual movement in its stock's price, according to a Hong Kong bourse filing Tuesday.Shares of the drug maker gained 1% in late morning trade Wednesday.

HKG:1875

Asia40d ago

International Entertainment Issues HK$800 Million Convertible Bond to DigiPlus in Second Tranche

International Entertainment (HKG:1009) completed the second and final tranche of its convertible bond issuance, issuing HK$800 million in notes to Philippine online gambling platforms operator DigiPlus Interactive (PSE:PLUS), according to a Tuesday Hong Kong bourse filing.The issuance was part of a subscription agreement signed in November 2025 for convertible notes with an aggregate principal amount of up to HK$1.6 billion.The first tranche of notes with a principal amount of HK$800 million was issued in March.Net proceeds will be used partly to repay promissory notes and bank borrowings, fund the development of an integrated resort project in Manila, and for general working capital, the firm previously said.

HKG:1009PSE:PLUS

Asia40d ago

Market Chatter: China Sees Rebound in LNG Imports in May

China's liquefied natural gas imports rose to 4.9 million tons in May, marking a marginal year-on-year increase. The rebound offers a stark contrast to April's imports, which hit an eight-year low, with the country raising purchases to satisfy summer demand, Bloomberg News reported Tuesday.The Iran war has choked Gulf shipments, which typically supply one-third of China's needs. Qatar's drop was offset by increases from Canada, Malaysia, Oman and Russia, according to the report.State-owned CNOOC (SHA:600938, HKG:0883) and Zhejiang Energy have purchased cargoes for June and July delivery amid falling inventories and expected hot summer weather, Bloomberg 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^SZSEHKG:0883SHA:600938

Asia40d ago

Pell Bio Med Unit Gets China's Regulatory Nod for Rheumatoid Arthritis Drug Trail

Pell Bio Med Technology (TPE:6949) unit Peptide (Shanghai) Pharmaceutical Technology secured approval from China's National Medical Products Administration (NMPA) to begin the Phase I clinical trial for its oral drug candidate PP011, according to a Tuesday Taiwan Exchange filing.The trial will be conducted in healthy subjects and targets rheumatoid arthritis (RA), marking the first human study for the novel therapy.The company said the development program is planned through Phase two and Phase three trials before potential new drug application submission.Phase one completion is expected in the first quarter of 2027, it said.

TPE:6949

Asia40d ago

China International Development Unit Secures Priority AI Module Supply

China International Development's (HKG:0264) non-wholly owned subsidiary Ganic Success received a three-year priority supply grant for prefabricated artificial intelligence data center modules from Shanghai Data Center Science, according to a Tuesday Hong Kong bourse filing.The products will be used to develop artificial intelligence data center businesses in Southeast Asia through the joint venture company.

HKG:0264

Asia40d ago

Tigermed Consulting to Pay 2025 Dividend on July 31

Hangzhou Tigermed Consulting (HKG:3347, SHE:300347) will pay a dividend of around HK$1.45 per 10 shares for the year 2025, according to a Tuesday Hong Kong bourse filing.Shares of the Chinese medical laboratory operator were down nearly 2% in Wednesday afternoon trading.The dividend will be paid July 31 to shareholders of record June 26.

HKG:3347SHE:300347

Asia40d ago

ContiOcean Environment Says Hong Kong Approves H-Share Conversion Plan

ContiOcean Environment Tech (HKG:2613) has received formal listing approval from the Hong Kong bourse to convert and list 30 million domestic shares in the city, according to a Tuesday filing.The shares are held by five investors and represent 75% of the maritime engineering group's total issued share capital.

HKG:2613

Asia40d ago

China Literature Boosts Stake in Game Developer; Shares Up 3%

China Literature's (HKG:0772) operating entity in China, Shanghai Hongwen Networking Technology, agreed to acquire 28.22% equity interest in game developer Wuhan YHKT Entertainment, according to a Tuesday Hong Kong bourse filing.Shares of the online literature platform were down nearly 3% in Wednesday afternoon trading.Following completion of the purchase from Linzhi Lichuang Information Technology for 400.8 million yuan, China Literature will own a 59.7% stake in the target firm.The acquisition is expected to boost China Literature's competitive advantages in building a leading IP industry value chain, the filing said.Linzhi Lichuang Information Technology is ultimately controlled by Tencent (HKG:0700), which is the controlling shareholder of China Literature.

HKG:0772

Asia40d ago

Ximei Resources Eyes HK$549 Million via Stock Offering

Ximei Resources (HKG:9936) is looking to raise HK$549 million via a two-step stock offering, according to a Hong Kong bourse filing Tuesday.Wu Lijue, the company's founder and chairman, plans to sell 34.1 million shares of the company at HK$16.10 apiece to new investors.The shareholder then plans to subscribe to an equal number of shares from Ximei Resources on the same terms.The shares represent 8.97% of the company's issued share capital and 8.23% as enlarged by the offering.Funds raised will be used for developing the company's business and general working capital.

HKG:9936

Asia40d ago

Indian Government Exercises Greenshoe Option for NHPC OFS; Shares Up 4%

The Indian government has exercised a 3% oversubscription option for its share sale in hydropower company NHPC (NSE:NHPC, BOM:533098), according to a Tuesday filing to the Indian stock exchanges.The company's shares were up 4% in recent trade.With this, the government's total stake on offer was raised to 6% from the base issue of 3%, with a total offer size of 602.7 million equity shares.The sale was launched on June 2 with a floor price of 71 rupees per share. Retail investors and eligible employees will be able to participate in the OFS on June 3."A total of 6,02,70,210 Equity Shares i.e. 10% equity shares of the offer, would be reserved for retail investors, subject to receipt of valid bids," the statement said.

BOM:533098NSE:NHPC

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