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Sunway's Unit Applies for Striking Off

Sunway's (KLSE:SUNWAY) subsidiary, Sunway GD Piling, has submitted an application to the Companies Commission of Malaysia for a striking off, according to a Monday Bursa Malaysia filing.The property developer said the unit is currently dormant and the striking off is not going to impact its financials.

KLSE:SUNWAY

Asia2d ago

Shanghai Longcheer Technology Reduces Planned Stake Acquisition in Data Center Infrastructure Products Supplier

Shanghai Longcheer Technology (SHA:603341) reduced its planned acquisition of a controlling stake in Suzhou Anruike Information Technology to 60% from 80%, according to a Saturday filing with the Shanghai bourse.The purchase price for the data center infrastructure sector company will fall to 840 million yuan from 1.12 billion yuan, the filing said.The agreement also puts a cap on bonuses for the founding shareholders to 90 million yuan, while founding shareholder Ding Zhiyong will also be required to buy 50 million yuan of shares wtih a 12-month lock-up period.

SHA:603341

Asia2d ago

HanmiGlobal to Manage SK hynix's Indiana HBM Plant

HanmiGlobal (KRX:053690) will provide construction management services for SK hynix's (KRX:000660) HBM packaging plant under construction in West Lafayette, Indiana, according to a HanmiGlobal release on Monday.HanmiGlobal has been involved since pre‑construction and will oversee design, schedule, cost, quality, safety and risk management, while coordinating SK hynix's Korean and U.S. partners through cleanroom completion in 2028.The $4 billion plant, SK hynix's first U.S. AI memory production base, broke ground Aug. 27, with construction starting in March. HanmiGlobal is managing about 20 advanced industry projects in the U.S., including semiconductor, secondary battery, and submarine cable facilities.

KRX:000660KRX:053690

Asia2d ago

Qingdao Port International Divests Digital Port Service Company Stake

Qingdao Port International (HKG:6198, SHA:601298) agreed to sell its entire 55% stake in Ark Intelligent Port and Navigation Port Services (Qingdao) to controlling shareholder Qingdao Port Group for 68.4 million yuan.The disposal will allow the company to optimize its resource allocation, focus on core business development, and boost operational efficiency, a Monday bourse filing showed.The port operator plans to use proceeds to supplement its daily operation capital.The target engages mainly in the digital port service, green energy refueling, and other businesses.

HKG:6198SHA:601298

Asia2d ago

Indian Oil Approves INR24.5 Billion Kochi-Thoothukudi Gas Pipeline

Indian Oil (NSE:IOC, BOM:530965) approved a 24.5 billion Indian rupees investment for a natural gas pipeline project in southern India, according to an Indian bourse filing on Monday.The 424.65-kilometer pipeline will run from Kochi to Thoothukudi, with a system capacity of 6.84 million standard cubic meters per day, including 1.71 million cubic meters per day of common‑carrier capacity.

BOM:530965NSE:IOC

Asia2d ago

Singapore Shares Track Regional Gains to End Higher as Oil Concerns Ease

Singapore shares closed higher on Monday, tracking regional gains, as investor confidence was boosted by easing oil concerns.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,647.71 and 5,680.79 throughout the day. It ended the session at 5,675.23, up 19.12 points or 0.3% compared to Friday's close.In economic news, Singapore's unemployment rate fell to 1.9% in the second quarter of 2026 from the previous quarter, falling from the government's preliminary estimate of 2.0%, according to final data released by the Ministry of Manpower.On the corporate front, shares of MindChamps PreSchool (SGX:CNE) were up nearly 4% at the close as it named Kelvin Chow Chung Yip as its chief investment and investor relations officer.Yangzijiang Maritime Development (SGX:8YZ) was up nearly 3% as it ordered 24 newbuild vessels from Chinese shipyards, with deliveries scheduled between 2028 and 2030.Meanwhile, Precision engineering company InnoTek (SGX:M14) closed over 1% higher as its subsidiary, Mansfield Manufacturing outlined plans to transfer its equity interests in five units to InnoTek Holding (S), a newly incorporated unit in Singapore.

^STISGX:8YZ.SGX:M14SGX:CNE

Asia2d ago

Cinda Securities to Pay Out Shareholders Upon Delisting

Cinda Securities (SHA:601059) will compensate its shareholders as it delists from the Shanghai Stock Exchange to merge with China International Capital (SHA:601995, HKG:3908) or CICC, according to a weekend bourse disclosure.The securities company will pay out 17.75 yuan per share to shareholders.

HKG:3908SHA:601059SHA:601995

Asia2d ago

China Publishing & Media's CFO Resigns

China Publishing & Media's (SHA:601949) chief financial officer, Li Xuejiao, resigned after reaching retirement age, according to a Shanghai bourse filing over the weekend.The Chinese publishing company's shares slipped 1% at the close of Monday's trade.The company's deputy general manager, Zang Yongqing, will act as CFO until a successor is appointed.

SHA:601949

Asia2d ago

Hunan Aihua to Raise 1.88 Billion Yuan From Share Placement

Hunan Aihua Group (SHA:603989) plans to raise 1.88 billion yuan from a share placement, according to a Shanghai bourse filing over the weekend.The Chinese aluminum foils producer's shares dropped 3% at the close of Monday's trade.The company will place up to 119,633,958 shares, or 30% of the company's total shares.A majority of the proceeds will be used for the expansion of an integrated high-end capacitor capacity project, and the remaining amount will be used to supplement of the company's working capital.

SHA:603989

Asia2d ago

President Chain Store's Unit Approves Elevator Upgrade Contract

President Chain Store (TPE:2912) subsidiary Uni-President Superior Commissary approved a contract with MECH-PRESIDENT for a freight elevator electrical control upgrade project, according to a Monday filing with the Taiwan Exchange.The contract covers parts replacement and repair and is valued at NT$320,000.

TPE:2912

Asia2d ago

Vohringer Home Technology to Acquire 51% of PCB Equipment Maker for 214 Million Yuan

Vohringer Home Technology (SHA:603226) plans to acquire a 51% stake in PCB lamination automation equipment maker Nanjing Keruisi Automation Technology from Qin Zaocai and Yang Zhenyu for 214.2 million yuan.The company said the deal aims to diversify its business amid sluggish demand in the wooden flooring industry, according to a weekend filing with the Shanghai bourse.Shares of the household furniture manufacturer closed 6% lower Monday.

SHA:603226

Asia2d ago

Shanghai Medicilon Subsidiary Ordered to Pay Part of Contractual Damages in Debt Dispute

Shanghai Medicilon's (SHA:688202) subsidiary, Medicilon Puya Pharmaceutical Technology (Shanghai), received a court order to bear part of the cost of contractual damages for a debt dispute, according to a weekend disclosure on the Shanghai bourse.The Chinese pharmaceutical company's shares closed 3% higher on Monday.The People's Court of Shijingshan District, Beijing, ordered the company to pay 150,552 yuan to Hongxu Biopharmaceutical Technology (Beijing) in its first-instance judgment.Hongxu Biopharmaceutical is seeking a total amount of 158.5 million yuan.

SHA:688202

Asia2d ago

Market Chatter: HKMA May Seek More Bank Disclosures on Climate Finance

Hong Kong's banking regulator may require banks to provide more information on climate-related financing as it reviews how lenders use the city's sustainable finance taxonomy, Bloomberg reported Monday, citing Executive Director of Banking Policy Donald Chen.The Hong Kong Monetary Authority plans to survey banks next year on their use of the taxonomy, the reported quoted Chen as saying. The findings will help determine whether the framework should be incorporated into the HKMA's supervisory practices.The regulator recently proposed expanding the taxonomy to cover more green and transition activities, including projects aimed at protecting against flooding and other climate risks, Bloomberg noted.(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

Asia2d ago

Korea Electric Power Keeps Q4 Rates Unchanged Despite Financial Strain

Korea Electric Power (KRX:015760), or KEPCO, will keep electricity rates unchanged in the fourth quarter, with adjusted fuel cost for October-December remaining at the maximum level of 5 won per kWh.This marks the 18th consecutive quarter that the adjusted fuel cost has been held at 5 won per kWh since the third quarter of 2022, according to a statement on Monday.The actual fuel cost for the quarter was calculated at 549.64 won per kg, while the adjusted base fuel cost stood at 494.63 won per kg, producing a variable fuel cost of 55.01 won per kg.Applying a conversion factor of 0.1335 kg per kWh yielded a required adjustment of 7.3 won per kWh, but the cap of 5 won per kWh was applied.As a result, the final fuel cost adjustment is expected to further weigh on KEPCO's finances.

KRX:015760

Asia2d ago

Shriram Finance to Repurchase Up to $460 Million of Senior Secured Notes

Shriram Finance (NSE:SHRIRAMFIN, BOM:511218) will make a cash tender offer to buy back up to $460 million of its senior secured notes.The offer covers up to $300 million of its 6.625% notes due 2027 and up to $160 million of its 6.15% notes due 2028, according to an Indian bourse filing on Monday. The notes were issued under the company's $3.5 billion Global Medium Term Note Program.

BOM:511218NSE:SHRIRAMFIN

Asia2d ago

Anhui Honglu Steel Construction Unit Signs 280-Million-Yuan Contract

Anhui Honglu Steel Construction (SHE:002541) subsidiary Anhui Hongxiang Building Materials signed a production line project contract with China Construction First Building Group Construction & Development and two other parties, with a total tentative amount of 280.6 million yuan.The contract covers raw material procurement of 55,332.3 tons worth 215.9 million and steel structure processing worth 64.6 million yuan, according to a Monday filing with the Shenzhen bourse.

SHE:002541

Asia2d ago

Market Chatter: CATL Orders Fluctuate Following China's Battery Tax

Contemporary Amperex Technology's (SHE:300750, HKG:3750) orders fluctuated since the implementation of China's consumption tax on batteries effective September, Bloomberg reported Monday, citing a speech by Chief Technology Officer for Domestic Energy Storage Solutions Lin Jiubiao.The impact on the world's largest battery maker has been limited, as CATL has also tapped into new demand, the report said, citing Lin.China levied a 2% tax on lithium-ion batteries starting Sept. 1, which will then rise to 4% exactly a year after, Bloomberg 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.)

HKG:3750SHE:300750

Asia2d ago

Market Chatter: US Considers Rules Allowing American Investment in Chinese Drugs

The U.S. Department of Treasury is planning to introduce rules that would allow American pharmaceuticals to invest in the licensing of Chinese drugs, Reuters reported Sept. 18, citing sources.The rules, which are still subject to change, would cover most of the new drugs under development, except those related to pathogens or biotechnology that can be potentially weaponized, the sources told the news outlet.The news sparked positive sentiment towards Chinese pharmaceuticals on Monday, with Akeso (HKG:9926) jumping 10%, Sino Biopharmaceutical (HKG:1177) climbing 8%, CSPC Pharmaceutical Group (HKG:1093) rising 7%, Innovent Biologics (HKG:1801) inching 6% higher and HUTCHMED (HKG:0013) increasing 4% at the close.The U.S. Treasury Department did not immediately respond to' request for comment.(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 SengShanghai Composite^SZSEHKG:0013HKG:1093HKG:1177HKG:1801HKG:9926

Asia2d ago

Hong Kong Stocks Rise Ahead of Trump-Xi Meeting; Transwarp Technology Slips on Debut

Hong Kong stocks closed higher Monday as investors welcomed fresh U.S.-China talks ahead of President Donald Trump and Chinese President Xi Jinping's planned meeting.The Hang Seng Index rose 291.93 points, or 1.2%, to close at 25,042.71, while the Hang Seng China Enterprises Index gained 114.23 points, or 1.4%, to finish at 8,339.63.U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held talks in New York ahead of the Trump-Xi summit, with discussions covering trade, investment and artificial intelligence.Investors also looked ahead to Thursday's Trump-Xi meeting, with the talks expected to address the broader trade relationship, tariffs and critical minerals as both sides seek to maintain a fragile trade truce.Markets also remained cautious on interest rates after the Federal Reserve's hawkish guidance last week, with a 56% chance of another rate hike in October priced in.In corporate news, Transwarp Technology (HKG:6727, SHA:688031) closed 9% lower at HK$44.50, compared with the offer price of HK$49.

Hang SengHKG:6727SHA:688031

Asia2d ago

GRG Banking Equipment to Transfer Unit's Stake to Subsidiary

GRG Banking Equipment (SHE:002152) plans to transfer 43% of Guangdong Yuntong Qianxin Technology to another subsidiary, according to a Shenzhen bourse filing over the weekend.The Chinese technology company's shares closed 1% higher on Monday.Guangzhou GRG Digital Economy Investment and Operation will acquire the stake of the 5G communications technology services provider.

SHE:002152

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