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Dear Life Buys Property in Tokyo

Dear Life (TYO:3245) has acquired an income-producing property named DeLCCS Ayase IV, located in a five-storey reinforced concrete condominium in Katsushika-ku, Tokyo, at an undisclosed value, according to Tokyo bourse filing on Thursday.The acquisition of the property was funded through a combination of internal capital and borrowings from financial institutions.

TYO:3245

Asia44d ago

Daido Metal Declares Higher Final Dividend for Fiscal Year 2025

Daido Metal (TYO:7245) declared a year-end dividend of 19 yen per share for the fiscal year ended March 31, matching earlier forecasts and also higher than the 11 yen per share paid a year ago.The total dividend payment amounts to 902 million yen, payable from retained earnings on June 29, according to a Tokyo bourse filing on Thursday.For the fiscal year ended March 31, the company's annual dividend, including the interim dividend of 12 yen, will be 31 yen per share.For the fiscal year ending March 31, 2027, Daido Steel forecasts full-year dividends of 31 yen per share, consisting of an interim dividend of 12 yen and a year-end dividend of 19 yen.

TYO:7245

Asia44d ago

Marco Polo Marine Issues 6 Million Shares Following Options Exercise

Marco Polo Marine (SGX:5LY) issued about 6.0 million new shares at an exercise price of SG$0.067 per share following the exercise of options under its employee share option scheme.The new shares will be listed and quoted on May 29, according to a Thursday filing with the Singapore Exchange.

SGX:5LY

Asia44d ago

Malaysian Stocks Continue Losing Streat Post-Holiday Amid Rising Middle East Tensions

Malaysian shares resumed their downward trajectory on Thursday as market participants returned from a mid-week national holiday, as geopolitical escalations in the Middle East triggered broad-based institutional selling.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, fell 14.09 points to end 0.8% lower at 1,684.93.Reports of air strikes involving U.S. and Iranian forces on Thursday further fueled market anxieties regarding an intensifying conflict in the Middle East.In corporate news, Greenyield (KLSE:GREENYB) reported a rubber output of 153,850.7 kilograms. Shares closed 8% higher.Elsewhere, Ho Wah Genting (KLSE:HWGB) recorded an attributable loss of 2.1 million ringgit in the quarter ended March 31, wider than 1.8 million ringgit a year prior, with revenue falling to 41.4 million ringgit from 53.8 million ringgit. Shares were up nearly 5% at close.

FTSE Bursa Malaysia KLCIKLSE:GREENYBKLSE:HWGB

Asia44d ago

JB Foods Attributable Profit Slides 33% in Fiscal H2

JB Foods (SGX:BEW) attributable profit to owners fell 33% in fiscal second half ended March 31 to $20.5 million from $30.7 million a year earlier, according to a Thursday filing with the Singapore Exchange.Earnings per share fell to $0.0605 compared with $0.1011 in the year-ago period.Revenue dropped 38% year over year to $591.2 million from $946.8 million.The cocoa ingredient producer declared a final dividend of SG$0.045 per share and a special dividend of SG$0.028 per share, taking the total dividend for fiscal 2026 to SG$0.075 per share.

SGX:BEW

Asia44d ago

Cortina Holdings Attributable Profit Slides 5% in Fiscal H2

Cortina Holdings' (SGX:C41) attributable profit to owners dropped 5% to SG$33.9 million in the fiscal second half ended March 31 from SG$35.8 million a year earlier, according to a Thursday filing with the Singapore Exchange.Revenue jumped 13% year over year to SG$510.3 million from SG$449.8 million.The luxury watch retailer declared a final dividend of SG$0.02 per share and a special dividend of SG$0.14 per share.

SGX:C41

Asia44d ago

Singapore Shares Clock Losses as US Iran Fire Exchange Threatens Peace Talks; Ascent Bridge Zooms 50%

Singapore shares plunged nearly 1% at the close on Thursday as regional peace took a hit following exchange of fire between the US and Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,978.80 and 5,035.58 throughout the day. It ended the session at 4,989.19, down 39.61 points or 0.8% compared to Tuesday's close.On the corporate front, shares of Ascent Bridge (SGX:AWG) zoomed over 50% at the close as it signed a cooperation framework agreement with Scinosen (Shenzhen) Gene Industry Development to establish a joint venture in Singapore.Koh Brothers Eco Engineering (SGX:5HV) shares surged nearly 22% at the close after it submitted an application to the SGX-ST to transfer to the main board.Meanwhile, shares of Valuetronics (SGX:BN2) rose nearly 13% at the close as its attributable profit to owners fell 70% during the fiscal second half ended March 31 to HK$24.1 million from HK$79.9 million a year earlier.

^STISGX:5HVSGX:AWGSGX:BN2

Asia44d ago

Shanghai Bailian Appoints CFO

Shanghai Bailian (SHA:600827) appointed Tian Yingjie as chief financial officer to succeed Yang Qin, who resigned for personal reasons.Tian serves as the company's deputy general manager and head of its outlets division, according to a Thursday filing with the Shanghai bourse.Shares of the department store company closed 1% higher Thursday.

SHA:600827

Asia44d ago

Singapore Exchange Buys Back Shares Worth SG$4 Million

Singapore Exchange (SGX: S68) bought back 200,000 shares worth SG$4.3 million in the open market on Thursday, according to a same-day filing with the Singapore Exchange.The company has so far bought back 1.2 million shares under its existing buyback mandate.

SGX:S68

Asia44d ago

CSC Holdings Buys Back 1.5 Million Shares

CSC Holdings (SGX:C06, HKG:0235) bought back 1.5 million shares in the open market for SG$21,067, or SG$0.014 apiece, according to a Thursday filing with the Singapore Exchange.The company has been mandated to buy back around 349 million shares. To date, it has bought back around 16.8 million shares.

SGX:C06

Asia44d ago

Jiangsu SOPO Chemical Appoints Safety Chief

Jiangsu SOPO Chemical (SHA:600746) appointed Duan Hongyu, deputy general manager, as chief safety officer.Duan succeeded Cai Keqing, who resigned due to a work change, according to a Thursday filing with the Shanghai bourse.

SHA:600746

Asia44d ago

Kuangda Tech Establishes Automotive Parts Subsidiary in Chongqing, China

Kuangda Technology Group (SHE:002516) completed the establishment of a subsidiary, according to a Thursday disclosure on the Shenzhen bourse.The subsidiary, Chongqing Kuangda Automotive Interior Parts, has a registered capital of 30 million yuan and will manufacture automotive parts.The car seat producer obtained the business license for the subsidiary from the Market Supervision Administration of Shapingba District, Chongqing Municipality, China.

SHE:002516

Asia44d ago

Henan Tong-Da Cable Selected to Win Chinese State Grid's Bid for 176 Million Yuan Worth of Equipment

Henan Tong-Da Cable (SHE:002560) was recommended to win the State Grid of China's procurement bidding for 175.9 million yuan worth of electrical equipment, according to a Shenzhen bourse filing on Thursday.The equipment includes packages for low-voltage power cables, 10-kilovolt power cables, 1kV and 10kV overhead insulated conductors and 10kV power cables.The Chinese wire maker's shares jumped by less than 4% at the close.

SHE:002560

Asia44d ago

Suzhou Goldengreen Technologies Elects Chair

Suzhou Goldengreen Technologies (SHE:002808) directors elected Gao Zhong chairman at the organic photoconductor drum products manufacturer, according to a Thursday filing with the Shenzhen bourse.

SHE:002808

Asia44d ago

Henlius Biotech Doses First Patient in Lung Cancer Drug Trial

Shanghai Henlius Biotech (HKG:2696) dosed the first patient in a phase 2/3 clinical study of HLX43 for injection, according to a Thursday Hong Kong bourse filing.The drug is being tested as monotherapy or in combination with pimurutamab HLX07 versus docetaxel for the treatment of advanced/metastatic squamous non-small cell lung cancer in patients whose prior treatment failed in the Chinese Mainland.

HKG:2696

Asia44d ago

Tianyang New Materials to Sell Jiangsu Defarui Unit to Changshu Zhengtai Textile

Tianyang New Materials (Shanghai) Technology (SHA:603330) will transfer its entire stake in Jiangsu Defarui New Materials Technology to Changshu Zhengtai Textile, according to a Thursday filing with the Shanghai bourse.The parties will still negotiate the acquisition price.Zhengtai will pay a deposit of 30 million yuan to the listed company prior to due diligence, and will pay a due diligence deposit of 10 million yuan upon signing.Jiangsu Defarui New Material Technology develops automotive interior fabrics, as well as curtains, composite, and clothing fabrics, among others.

SHA:603330

Asia44d ago

Wuhu Token's Unit to Buy Servers for Up to 3 Billion Yuan

Wuhu Token Sciences' (SHE:300088) unit, Wuhu Changxin Intelligent Computing Technology, plans to purchase servers from multiple suppliers for up to 3 billion yuan, according to a Shenzhen bourse filing on Thursday.The servers will be mainly used for providing computing power services to customers.

SHE:300088

Asia44d ago

Market Chatter: ByteDance to Build Own CPUs to Help with AI Launch, Sources Say

ByteDance is building its own central processing units to help support growing artificial intelligence hardware needs, Reuters reported Thursday, citing three people familiar with the matter.The move by TikTok's owner will help the company cope with surging chip prices and supply shortages, the newswire said.ByteDance's action signifies a shift toward "inference," where AI models perform agentic or autonomous tasks that demand more power from CPUs, the report said.The company will deploy its proprietary CPU in its own servers and data centers as it looks to roll out its Coze agent-based platform, the report said, citing one of the sources.(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^SZSE

Asia44d ago

Guangzhou Development Raises 1 Billion Yuan Via Five-Year Bond Issue

Guangzhou Development (SHA:600098) issued 1 billion yuan in five-year bonds due May 2031.The bonds carry an interest rate of 1.85%, according to a Thursday filing with the Shanghai bourse.Ping An Securities served as lead underwriter, with Guotai Haitong Securities as co-lead underwriter.Shares of the power company closed 4% higher Thursday.

SHA:600098

Asia44d ago

Shudao Equipment Bags Air Separation Construction Bid

Sichuan Shudao Equipment & Technology (SHE:300540) won the bid for the construction of air separation units for a gas demonstration project, according to a Shenzhen bourse filing on Thursday.The company will construct four units with 78,870 normal cubic meter per hour each.The units will be part of Xinjiang Qinghua Feng Energy's 5.5 billion cubic meter coal-to-natural gas demonstration project.Shares of the natural gas liquefaction equipment manufacturer closed 2% higher.

SHE:300540

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