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Hindustan Unilever Launches New Fragrance Hub

Hindustan Unilever (NSE:HINDUNILVR, BOM:500696) has opened a new fragrance hub in Mumbai, India, to advance in-house, digitally enabled fragrance creation capabilities, according to a Tuesday filing to the Indian stock exchanges.This is the company's third global hub, following the UK and US, and is part of Unilever's overall 100 million-euro program for in-house fragrance creation.The hub has been set up at the campus of the Indian Institute of Technology Bombay.

BOM:500696NSE:HINDUNILVR

Asia41d ago

Market Chatter: HIWIN Technologies, Qualcomm to Develop AI for Chip Equipment

HIWIN Technologies (TPE:2049) is collaborating with Qualcomm to develop an AI-enabled solution for panel-level packaging (PLP) equipment, the Central News Agency (CNA) reported Monday.The system integrates Qualcomm's Dragonwing Q6 edge AI into wafer load ports with machine vision to improve real-time monitoring, alignment accuracy, and defect detection. It will improve automated decision-making and enable real-time corrections in high-speed semiconductor manufacturing environments, helping reduce downtime, the report said.The company will showcase the joint solution at COMPUTEX 2026, alongside its robotics portfolio, including humanoid robot components and smart manufacturing systems, the news outlet 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.)

TPE:2049

Asia41d ago

Huaneng Power International Experiences Abnormal Stock Fluctuation; Shares Down 6%

Huaneng Power International (SHA:600011, HKG:0902) said it experienced an unusual stock movement over three consecutive trading days, but its operations are still normal, according to a Hong Kong bourse filing on Monday.The Chinese power company's Shanghai shares slumped 6% during Tuesday's midday trade.Huaneng's closing price between May 28 and June 1 was over 20%, exceeding the growth of the bourse's threshold.The company said it has no significant announcement or undisclosed information that could have affected its stock price.

HKG:0902SHA:600011

Asia41d ago

Seres Production, Sales Slide in May

Seres Group's (SHA:601127, HKG:9927) sales fell 17% year over year to 36,480 units in May, according to a Tuesday filing with the Shanghai bourse.New energy vehicle sales fell 16% to 33,476 units.Production slid 18% to 36,583 units. NEV production declined 15% to 34,233 units.Shares of the automotive manufacturer rose nearly 2% in Shanghai and Hong Kong during recent trade.

HKG:9927SHA:601127

Asia41d ago

Shanjin International Gold Provides 450 Million Yuan Guarantee for Namibia Gold Project

Shanjin International Gold (SHE:000975) provided 450 million yuan in joint liability guarantees for wholly-owned subsidiary Osino Mining Investments, which holds the Twin Hills gold project in Namibia.The guarantee is part of a 4.29-billion-yuan annual facility, according to a Tuesday filing with the Shenzhen bourse.Shares of the miner declined 1% in recent trade.

SHE:000975

Asia41d ago

Wingtech Flags Abnormal Stock Fluctuation; Shares Up 5%

Wingtech (SHA:600745) flagged abnormal stock fluctuations over six consecutive trading days, but its operations are still normal, according to a Shanghai bourse filing on Tuesday.The Chinese chipmaker's closing price between May 25 and June 1 was over 12%, indicating stock fluctuations.The fluctuations occurred after Wingtech sued Nexperia last month in a bid to regain full control of the Dutch subsidiary.The company's shares jumped 5% during the midday trade.

SHA:600745

Asia41d ago

Update: Northern Star Resources Should Launch Strategic Review, Explore Sale, Activist Investor Elliott Says; Shares Up 13%

(Updates with a Northern Star Resources statement in the sixth paragraph, and the stock move in the headline and last paragraph.)Northern Star Resources (ASX:NST) should conduct a strategic review that includes a potential sale, alongside a search for a new CEO, to identify opportunities for operational improvements, shareholder Elliott Investment Management said Monday.Elliott disclosed a stake of over AU$1 billion in Northern Star Resources, saying it wants to work with the company to maximize shareholder value."Northern Star's recent pattern of operational missteps, cost overruns and inconsistent strategic direction demands urgent action," Elliott said, adding that the company has underperformed its potential despite holding world-class gold assets.The activist investor also urged the company to supplement its board with "fresh perspectives" to help guide the review and subsequent steps.Elliott further alleged that Northern Star has "deeply inadequate disclosures compared to global senior peers." The company is likely to draw "significant strategic interest" if it explores a sale, Elliott said.In a response, Northern Star Resources welcomed the opportunity for dialogue with the investor, saying it shares Elliott's view on the company having the required portfolio to deliver superior returns. The search for a new managing director is well underway and the company remains focused on meeting its full-year guidance, Northern Star said.The company's shares rose around 13% in recent Tuesday trade.

ASX:NST

Asia41d ago

Canara Bank Appoints CEO

Canara Bank (NSE:CANBK, BOM:532483) has appointed Brajesh Kumar Singh as managing director and chief executive officer, with effect from Monday, according to a same-day filing to the Indian stock exchanges.Prior to his appointment at Canara Bank, Singh was an executive director of Indian Bank (NSE:INDIANB, BOM:532814) since March 2024.

BOM:532483BOM:532814NSE:CANBKNSE:INDIANB

Asia41d ago

Yunnan Energy New Material Closes Bank Account After Project Completion

Yunnan Energy New Material (SHE:002812), a leading global supplier of lithium-ion battery separators, closed a bank account at Agricultural Bank of China (SHA:601288, HKG:1288) after the completion of a project, according to a Shenzhen bourse filing on Tuesday.The funds for the Jiangsu Ruijie Lithium Battery Aluminum-Plastic Film Project have been fully utilized, and the account balance was reduced to zero, prompting the standard administrative closure.The Chinese new energy company's shares dropped nearly 3% during the morning trade.

HKG:1288SHA:601288SHE:002812

Asia41d ago

Taiwan Cuts Passenger Fuel Surcharges as Aviation Fuel Prices Drop

Taiwan's international passenger fuel surcharges will be reduced from June 7 as aviation fuel prices decline, the Civil Aviation Administration (CAA) said Monday.The surcharge for short-haul flights operated by Taiwanese carriers will drop to $35 from $45, while that for long-haul routes will decrease to $91 from $117. This came after international aviation fuel prices declined to $160.10 per barrel from $208.78 per barrel.The CAA said the adjustment follows its fuel surcharge mechanism, which links charges to fuel price movements, and has asked airlines to disclose relevant information to help passengers better understand the calculation basis.

Taiwan Weighted

Asia41d ago

Tata Motors Passenger Vehicles' Total Sales Rise 42% in May

Tata Motors Passenger Vehicles' (NSE:TMPV, BOM:500570) total sales rose 42% to 59,790 units in May, against 42,040 units sold a year ago, according to a Monday filing to the Indian bourses.Total domestic sales in May also grew 42% to 59,090 units from 41,557 units a year earlier, the filing said.Of the total, electric vehicle sales jumped 85% year-on-year to 10,517 units from 5,685 units.

BOM:500570NSE:TMPV

Asia41d ago

Dian Tou Energy Acquires Baiyinhua Coal & Power for 11.1 Billion Yuan; Shares Down 4%

Inner Mongolia Dian Tou Energy (SHE:002128) fully acquired Baiyinhua Coal & Power for 11.1 billion yuan, according to a Tuesday disclosure on the Shenzhen bourse.The acquisition was made through share placement and capital injection.The company raised 4.50 billion yuan as part of the acquisition funds.The Chinese coal products maker's shares dropped 4% during the morning trade.

SHE:002128

Asia41d ago

Formosa Pharmaceuticals Gets Taiwan's Health Ministry for Pain Relief Drug; Shares Rise 3%

Formosa Pharmaceuticals (TPE:6838) received approval from Taiwan's Ministry of Health and Welfare for a drug to treat inflammation and pain following ocular surgery, according to a Monday Taiwan Exchange filing.Shares gained about 3% in Tuesday's late morning trade.The drug dubbed APP13007, is marketed as BYQLOVI Ophthalmic Suspension 0.05%.Financial details and accumulated development costs were not disclosed.

TPE:6838

Asia41d ago

Shenwan Hongyuan Lists 3.2 Billion Yuan Bonds on Shenzhen Bourse

A Shenwan Hongyuan (SHE:000166, HKG:6806) unit completed the issue of 3.2 billion yuan of corporate bonds, according to a Tuesday filing with the Shenzhen bourse.The offering, which closed May 25, consisted of 1.1 billion yuan with a 387-day term and a 1.49% coupon and 2.1 billion yuan with a three-year term and a 1.67% coupon.The bonds were listed on the Shenzhen bourse on June 1.

HKG:6806SHE:000166

Asia41d ago

Market Chatter: Fire Breaks Out at Hyundai Mobis' India Plant; Shares Decline 4%

A fire broke out at auto parts maker Hyundai Mobis' (KRX:012330) Chennai plant in southeastern India Sunday afternoon, destroying the firm's automotive electronics components manufacturing facility, Yonhap News reported Monday.No personnel were harmed in the incident.The fire is expected to only lead to some temporary issues in vehicle production, Hyundai Motor's (KRX:005380) Indian subsidiary said. The carmaker is currently evaluating the damage with Hyundai Mobis and looking into other suppliers and alternative measures to ensure a steady supply chain and subdue operational issues, according to Yonhap News.Shares of Hyundai Mobis and Hyundai Motor fell over 4% in recent 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.)

KRX:005380KRX:012330

Asia41d ago

Peter Warren Automotive Holdings Enters Fiscal Year-End Facing Multiple Headwinds, Jarden Says

Peter Warren Automotive Holdings' (ASX:PWR) guidance for fiscal year 2026 implies a "minimal" underlying profit before tax of up to roughly AU$3 million in the second half, as trading conditions worsened heading into the most important period of the year, Jarden said in a June 1 note.May and June typically contribute a material portion of full-year profits for automotive dealers, but Peter Warren faces multiple headwinds, including a shift to smaller and lower-priced new cars, competition impacting front-end gross margin, and a supply shortage with orders outpacing deliveries, the equity research firm said."Feedback continues to suggest that, at a headline level, new car demand has remained relatively resilient," Jarden said. "However, with broad expectations of house price declines to come, we note new car sales historically have not performed well in this environment."Jarden's earnings estimates for Peter Warren assume "essentially no underlying profit improvement" in the first half of fiscal year 2027 compared with the second half of fiscal year 2026, as well as a lower average price and volume.Despite a sell-off, the stock doesn't screen cheaply versus history on an earnings multiple basis, the investment firm said.It still maintained a buy rating on Peter Warren, saying that the company's net tangible assets sit at a comfortable premium to its share price, while reducing the target price to AU$1.55 from AU$2.50.Shares of Peter Warren gained 1% in recent Tuesday trade.

ASX:PWR

Asia41d ago

Market Chatter: Tencent Nears Launch for WeChat AI Agent with Prototype Testing

Tencent (HKG:0700) has begun testing a prototype for its artificial intelligence agent for its WeChat app, paving the way for a launch, the Financial Times reported Tuesday, citing two people with knowledge of the matter.Following testing, which will allow users to complete tasks within the app, public launch could commence as soon as June, the report said.The company could not set a specific date due to uncertainties with compliance protocols, according to the newspaper.Tencent will then test the agent on a group of outside users prior to a phased rollout, the FT said.WeChat users will be able to access the AI agent by swiping right on the app screen, the newspaper said, citing a person who has seen an earlier demonstration.Shares rose 6% in Hong Kong during morning trading on Tuesday.(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:0700

Asia41d ago

Salt Investments' Fiscal H2 Loss Balloons Despite 158% Revenue Surge

Salt Investments' (SGX:FQ7) attributable loss to equity holders widened 136% to SG$12.6 million in the fiscal second half ended March 31 from SG$5.3 million a year earlier, according to a Monday filing with the Singapore Exchange.Loss per share came in at SG$0.000555, compared with SG$0.000530 in the year-ago period.The shipping company's revenue surged 158% year over year to SG$5.5 million from SG$2.1 million.

SGX:FQ7

Asia41d ago

Adani Energy Solutions Forms Seven Wholly-Owned Subsidiaries as Electric Utilities

Adani Energy Solutions (NSE:ADANIENSOL, BOM:539254) has incorporated seven wholly-owned subsidiaries to function as electric utilities, according to a Monday filing to the Indian stock exchanges.The new subsidiaries, Sunrays Step I, Sunrays Step II, Sunrays Step III, Arasan Step I, Arasan Step II, Arasan Step III, and Arasan Step IV, have been incorporated with a paid-up share capital of 500,000 Indian rupees.They will carrying on the business of production, generation, conversion, transformation, transmission, processing, storing, supply and distribution of electricity.

BOM:539254NSE:ADANIENSOL

Asia41d ago

Zhipu AI Seeks Shanghai Bourse Sci-Tech Board listing

Knowledge Atlas Technology (HKG:2513), also known as Zhipu AI, proposed applying for a listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board, according to a Monday Hong Kong bourse filing.The company plans to issue between 9.1 million and 38.8 million new A shares, representing 2% to 8% of its enlarged share capital, subject to shareholder, regulatory, and exchange approvals.Net proceeds are intended for artificial intelligence general-purpose foundational large language models, a large-model MaaS one-stop service platform, and working capital.The projects have a total proposed investment of 15 billion yuan, according to the filing.Knowledge Atlas also proposed changing its English name to Z.AI Co. to align with its operational needs.Subject to approval and confirmation by the stock exchange, its English stock short name will also be changed, while its Chinese name will remain unchanged.Zhipu debuted in Hong Kong in January, raising net proceeds of about HK$4.17 billion.

HKG:2513

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