Financial News · Live Terminal

Page 372 of 857

ST Engineering Names Deputy CEO

ST Engineering (SGX:S63) named Lam Wai Meng Jeffrey as its deputy chief executive officer, effective June 1, according to a Thursday Singapore bourse filing.Shares of the engineering company were up nearly 2% in Friday trading.Jeffrey presently holds multiple roles across the company's units.

SGX:S63

Asia44d ago

Magellanic Cloud Gets Letter of Acceptance for INR76 Million Order for CCTV Surveillance Systems

Provigil Surveillance, a wholly-owned subsidiary of Magellanic Cloud (BOM:538891), has received a letter of acceptance for an order worth 76.4 million Indian rupees from South Central Railway, Nanded Division, according to a Friday filing to the BSE.The contract involves the provision of IP-based CCTV surveillance systems across stabling lines, washing yards, and pit lines under Nanded Division, including installation and networking.The contract will also include a five-year comprehensive annual maintenance contract support.This order strengthens the company's order book of 2 billion Indian rupees for railway and public sector projects.

BOM:538891

Asia44d ago

Dexus Must Sell Melbourne Airport Stake After Confidentiality Breach, New South Wales Supreme Court Rules

Dexus (ASX:DXS) on Friday lost its court bid to block the sale of its stake in Melbourne Airport, as the New South Wales Supreme Court ruled that the company was in violation of confidentiality agreements and must dispose of the interest.The company holds a roughly 27.3% stake in Australia Pacific Airports, which owns Melbourne's Tullamarine airport and the Launceston airport in Tasmania.In a lawsuit, shareholders of Australia Pacific Airports claimed Dexus breached a shareholders' deed by disclosing confidential information while managing a sale process for stakes in the airports. The shareholders argued the company should be forced to sell its stake due to the breach."Dexus committed a material irremediable breach of the shareholders' deed," the NSW Supreme Court said in its decision as it dissolved injunctions that prevented the sale of Dexus' stake.The company's shares are on a trading halt as it prepares a statement to the market following the court's decision.

ASX:DXS

Asia44d ago

OKP Bags Commuter Infrastructure Project Worth SG$165 Million

OKP (SGX:5CF) secured a commuter infrastructure works contract worth SG$165.3 million from Singapore's Land Transport Authority (LTA), according to a Thursday bourse filing.Shares of the civil engineering company were down nearly 1% in Friday trading.The 48-month contract covers the design and construction of lift shafts and associated commuter infrastructure at pedestrian bridges across the city-state.The latest award takes the company's order book to SG$760.7 million, the filing said.

SGX:5CF

Asia44d ago

Beng Kuang Marine Issues Consideration Shares for Asian Sealand Acquisition; Shares Up 5%

Beng Kuang Marine (SGX:BEZ) issued 57.1 million shares at SG$0.35 per share to ISUSTAINABILITY and SPPG, in connection with the acquisition of the remaining 49% stake in Asian Sealand Offshore and Marine.Shares of the marine infrastructure company were up nearly 5% in Friday trading.Following the issuance, Asian Sealand has become the company's subsidiary, according to a Thursday filing with the Singapore Exchange.Meanwhile, the remaining cash consideration of SG$20.0 million for the acquisition will conclude on May 29, the filing said.

SGX:BEZ

Asia44d ago

HUB24 Says Commonwealth Bank Holds 5.02% Stake in Firm

HUB24 (ASX:HUB) said Commonwealth Bank of Australia (ASX:CBA) became a substantial holder of the firm on Thursday, with a total voting power of 5.02%, according to a Friday Australian bourse filing.The bank and its associates held a total of 4.1 million of its fully paid ordinary shares.

ASX:CBAASX:HUB

Asia44d ago

Market Chatter: IDP Education Downgraded Due to Weak Visa Volumes, Clampdown on International Students, Macquarie Says, AFR Reports

IDP Education (ASX:IEL) was downgraded due to weak visa volumes, a stronger Australian dollar, and a clampdown on international students in Australia, the UK, and Canada, Macquarie said, according to a Friday report by the Australian Financial Review (AFR).Macquarie downgraded its rating on IDP Education to underperform and cut the price target to AU$2.35 per share from AU$2.66 per share.(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.)

ASX:IEL

Asia44d ago

Havilah Resources to Start South Australia Regional Drilling Program in June

Havilah Resources (ASX:HAV) is set to start a regional drill program near the Kalkaroo copper-gold project in South Australia in June, according to a Friday Australian bourse filing.The mining firm carried out necessary preparatory work for the program, which was delayed due to unseasonally heavy rains in the region.Sandfire Resources (ASX:SFR) is preparing to proceed with the construction of a camp and drill core handling facilities at Kalkaroo. Sandfire will commit a minimum of AU$30 million over two years to fund regional exploration within the broader Curnamona province under the terms of the exploration strategic alliance.Shares of Havilah Resources rose 2% in recent trading on Friday.

ASX:HAVASX:SFR

Asia44d ago

NanJing Pharma Raises 500 Million Yuan for Capital, Loan Repayment

NanJing Pharmaceutical (SHA:600713) raised 500 million yuan via the issue of 180-day bonds to replenish working capital and repay bank loans.The bonds carry an issuance rate of 1.33% and mature on Nov. 23, according to a Friday filing with the Shanghai bourse.Industrial Bank served as lead underwriter, with Bank of Nanjing as joint lead underwriter.Shares of the pharmaceutical company rose 2% in recent trade.

SHA:600713

Asia44d ago

CATL Launches 3 Billion Yuan Research Facility in Xiamen, China

Contemporary Amperex Technology (SHE:300750, HKG:3750) launched the operations of its 3 billion yuan research facility in the southeastern Chinese city of Xiamen, it said in a Thursday press release.The Xiamen Energy Storage Validation Research Institute is the world's largest one-stop testing and validating platform for the sector, according to the battery giant.It allows full-system energy storage containers to undergo testing under extreme environments, CATL said.The world's largest battery maker could use the energy storage validation facility to increase industry quality standards, Chief Scientist Wu Kai said.

HKG:3750SHE:300750

Asia44d ago

Mooreast's Shares Surge Over 15% on Placement Plan to Raise SG$6 Million

Mooreast (SGX:1V3) signed a placement agreement with ZICO Capital to raise around SG$6 million through the placement of up to 44.5 million shares at SG$0.135 per share, according to a Thursday filing with the Singapore Exchange.Shares of the mooring company zoomed over 15% in Friday's late-morning trade.The placement exercise is aimed at strengthening the company's financial position and capital structure, with proceeds allocated for general working capital needs.

SGX:1V3

Asia44d ago

KSH's Attributable Profit More Than Doubles in Fiscal H2

KHS's (SGX:ER0) attributable profit to owners zoomed more than 100% in fiscal second half ended March 31 to SG$1.6 million from SG$539,000 a year earlier, according to a Thursday bourse filing.Shares of the property developer were up over 1% in Friday trading.Earnings per share rose to SG$0.0027 compared with SG$0.001 in the year-ago period.Revenue fell 33% year over year to SG$86.8 million from SG$128.8 million.The company declared a final dividend of SG$0.01 per share, taking the total dividend to SG$0.015 per share.

SGX:ER0

Asia44d ago

Fletcher Building Completes Sale of Construction Division to VINCI Construction

Fletcher Building (ASX:FBU, NZE:FBU) said it has completed the sale of its Construction Division to VINCI Construction, the construction arm of the VINCI Group, according to a Friday Australia and New Zealand bourse filing.The company's shares rose 2% in recent Friday trade.

ASX:FBUNZE:FBU

Asia44d ago

International Entertainment's Unit Issues HK$72 Million Hotel Renovation Contract

International Entertainment's (HKG:1009) indirect wholly owned subsidiary, New Coast Leisure, awarded a contract worth about HK$72.2 million for renovation and construction works at New Coast Hotel Manila, according to a Thursday Hong Kong bourse filing.Shares of the hotel and casino operator were down more than 2% in late morning trade on Friday.The contract covers façade lighting, LED screens, exterior glass replacement, landscaping works, and upgrades to guest rooms and common areas, including air-conditioning, electrical, plumbing, and fire-protection systems.The works are expected to be completed by the end of 2026.

HKG:1009

Asia44d ago

CITIC Securities Shareholder to Inject 16 Billion Yuan in Business

CITIC Securities (SHA:600030, HKG:6030) said it agreed to issue 16 billion yuan worth of H shares to its substantial shareholder CITIC Financial Holdings, according to a Thursday filing with the Hong Kong bourse.The financial services company's shares gained nearly 4% in late morning trade Friday.The company will issue 794.06 million H shares at HK$23.13 apiece to raise funds to expand its international business, the firm said.CITIC Financial is the company's largest shareholder with a 19.84% stake in the business.

HKG:6030SHA:600030

Asia44d ago

Golden Solar New Energy's HBC Solar Cell Project Reaches 28.2% Efficiency; Shares Slip 3%

Golden Solar New Energy Technology (HKG:1121) said the first batch of hybrid passivation back contact (HBC) solar cells produced under a project using its patented technology achieved a certified conversion efficiency of 28.2%, according to a Thursday Hong Kong bourse filing.Shares of the firm were down more than 3% in Friday late morning trade.

HKG:1121

Asia44d ago

Hanwha Ocean Bags LNGC Vessel Construction Order

Hanwha Ocean (KRX:042660) secured an order for the construction of an LNG Carrier worth 375.9 billion won from an unnamed European shipping company, according to a Friday filing with the Korean Exchange.Delivery is expected to be made by Sept. 28, 2029, with payments tied to construction milestones.

KRX:042660

Asia44d ago

Mini Diamonds (India) Arm Launches Colored Lab-Grown Diamond Jewelry

Mini Diamonds (India) (BOM:523373), through its wholly owned subsidiary, Namra Jewels, has launched a new line of products of colored lab-grown diamond jewelry, according to a BSE filing on Friday.The collection will focus on fancy-shaped and colored lab-grown diamond jewelry.The move is in line with the company's broader strategy of moving up the value chain from polished diamonds to branded jewellery offerings through Namra Jewels, the statement said.

BOM:523373

Asia44d ago

Hengrui Pharma Secures China Registration for Gout Drug; Shares Up 3%

Jiangsu Hengrui Pharmaceuticals (SHA:600276) obtained drug registration from China's medical products regulator for its luzinuole sodium tablets.The drug is used for gout with hyperuricemia, according to a Thursday filing with the Shanghai bourse.Shares of the pharmaceutical company rose 3% in recent trade.

SHA:600276

Asia44d ago

Market Chatter: New Zealand Finance Minister Doesn't Want Banks to Pass Costs of Prudential Levy to Customers

New Zealand Finance Minister Nicola Willis said she would be "extremely disappointed" if the country's banks decide to pass on the costs of a new prudential levy to their customers, interest.co.nz reported Friday.The government is implementing a prudential levy on banks, non-bank deposit takers, insurers, and financial market infrastructure providers as part of its 2026 budget. The levy would support cost recovery for the central bank's statutory prudential functions and is expected to generate roughly NZ$209 million during the next four years, according to the report.The government believes revenue from the new levy would represent less than 1% of the aggregate profit of ANZ Group Holdings (ASX:ANZ, NZE:ANZ), Westpac Banking (ASX:WBC, NZE:WBC), Heartland Group Holdings (ASX:HGH, NZE:HGH), and Commonwealth Bank of Australia (ASX:CBA) unit ASB Bank."I would like to send them a very clear message: They are some of the most profitable banks in the world. Other counties around the world have these levies and you haven't seen it being passed through," Willis said in an interview with interest.co.nz.Westpac, Heartland, and Commonwealth Bank did not immediately respond to requests for comment from. ANZ deferred to the New Zealand Banking Association, which did not immediately reply to an email.(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.)

ASX:ANZASX:CBAASX:HGHASX:WBCNZE:ANZNZE:HGHNZE:WBC

Showing 7421-7440 of 17121