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Hong Kong Finance Group to Lend Further HK$15 Million to Prior Borrowers

Hong Kong Finance Group (HKG:1273) said it agreed to lend a further HK$15 million to four customers, according to a Wednesday filing with the Hong Kong bourse.The firm had previously lent HK$23 million to the borrowers, and the new loan will be used to settle HK$15 million of the prior borrowings.The new loan accrues interest at 17.4% per annum and is secured by a second mortgage loan over two residential and one commercial property in Hong Kong.

HKG:1273

Asia4d ago

East Coast Furnitech Completes THB1.26 Billion Capital Increase

East Coast Furnitech (BKK:ECF) completed the registration of a previously approved capital increase with Thailand's Department of Business Development on Wednesday, according to a same-day filing.The furniture manufacturer's registered capital increased by 1.26 billion baht to 9.09 billion baht through the issuance of up to 251.6 million new shares, it said.

BKK:ECF

Asia4d ago

China Dongxiang Swings to Full-Year Loss

China Dongxiang (Group) (HKG:3818) recorded an attributable loss of 158 million yuan for the year ended March 31, compared with a profit of 207 million yuan a year prior, according to a Wednesday Hong Kong bourse filing.Loss per share was 0.0269 yuan, compared with earnings per share of 0.0353 yuan in the previous fiscal year.The sport-related apparel and footwear company's revenue climbed 2.1% year over year to 1.72 billion yuan from 1.68 billion yuan.

HKG:3818

Asia4d ago

Delhivery Partners Bajaj Auto to Deploy Electric Three-Wheelers for Last-Mile Network

Delhivery (NSE:DELHIVERY, BOM:543529) and Bajaj Auto Ltd. (NSE:BAJAJ-AUTO, BOM:532977) have partnered to deploy 200 Bajaj RIKI eCart electric three-wheelers across Delhivery's last-mile delivery network, expanding electrification into Tier-2 and Tier-3 cities.The rollout marks the first phase of the partnership, with plans to scale up to about 1,500 electric three-wheelers during 2026-2027, according to an Indian bourse filing on Tuesday.Delhivery said the vehicles will be integrated with its route optimization systems to improve delivery efficiency and lower operating costs for partners.Delhivery shares slipped over 1% while Bajaj Auto fell over 2% in Wednesday's trade.

BOM:532977BOM:543529NSE:BAJAJ-AUTONSE:DELHIVERY

Asia4d ago

PRG Appoints PKF to Conduct Independent Probe Into Property Unit Transactions

PRG (KLSE:PRG) appointed PKF to review deals between its unit Premier Construction International, and Premier De Muara, according to a Wednesday Malaysian bourse filing.According to earlier filings, PRG sought the review after terminating a proposed debt settlement agreement and raising concerns over related-party disclosures involving Premier De Muara.PKF will review and then submit the report to company's board.

KLSE:PRG

Asia4d ago

Market Chatter: Tencent Said to Weigh Marvelous Stake Sale in Portfolio Review

Tencent (HKG:0700) is reviewing a number of its game studio investments in Japan and exploring exits from some holdings, including Marvelous (TYO:7844), Bloomberg News reported, citing people familiar with the matter.The Chinese technology company is evaluating minority stakes across its gaming portfolio and, in some cases, may sell holdings back to management teams, the report said.It is reportedly reviewing investments based on factors including strategic fit and whether expected business synergies remain intact."Video games are core to Tencent's business," the company said in a statement to."We remain fully committed to working with our investees and maintaining our strong presence in the Japanese game market over the long term," it added.Marvelous did not immediately respond to a 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.)

HKG:0700TYO:7844

Asia4d ago

Everest Medicines to Commercialize Hainan Herui's Budesonide Capsules in Mainland China

Everest Medicines (HKG:1952) entered into a commercialization agreement with Hainan Herui Pharmaceutical for budesonide enteric capsules, according to a Wednesday Hong Kong bourse filing.Under the agreement, Everest will commercialize the product in mainland China and provide technical guidance and quality oversight for Hainan Herui's manufacturing and supply processes.

HKG:1952

Asia4d ago

South Korean Shares Rebound on Chip Gains; Samsung Adds 10%, SK Hynix 1%

South Korean shares rebounded on Wednesday, owing to strong gains made by heavyweight semiconductor stocks, after following a technology stocks-led sell-off on record on Tuesday. Key market movers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added nearly 10% and 1%, respectively, at market close.The benchmark Korea Composite Stock Price Index, or Kospi, rose 3.3%, or 267.18 points, to close at 8,471.02. The Kosdaq also increased by 2%, or 17.79 points, to end at 909.31.In economic news, the number of foreign tourists that arrived in South Korea has exceeded 10 million as of the third week of June, the Ministry of Culture, Sports and Tourism said in a Wednesday release.The number of foreign tourists visiting South Korea jumped 19.4% to 1.95 million in May from 1.63 million a year earlier. Total foreign arrivals in the country in the first five months of 2026 rose 21% to 8.72 million from 7.21 million in the same period last year, the ministry said.In the corporate front, the South Korean government is in discussions with chipmakers Samsung Electronics and SK Hynix over the next phase of large-scale semiconductor investments, Reuters reported Wednesday, citing presidential policy adviser Kim Yong-beom at a discussion panel.Kim said that AI-driven demand growth may require the two chipmakers to boost planned chip facility construction by more than 10 years to 2034-2035, while the government looks for space to build a second semiconductor cluster, the report said.In other news, CMES Robotics (KOSDAQ:475400) secured a supply contract for an electrode coater insulation thickness measuring instrument from LG Energy Solution Arizona, the company said in a Wednesday filing with the Korean Exchange.The contract, valued at 1.40 billion won, is expected to be valid till Aug. 31, 2028.Shares of CMES Robotics rose nearly 7% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930

Asia4d ago

Chinese Shares Rise on Tech Rally; Genori Technology Surges in Debut

Chinese shares erased earlier losses to end in green on Wednesday, driven by a rally in technology stocks and positive policy signals.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.1% to 4,110.81. The Shenzhen Component Index jumped 1.2% to 16,051.32.The SSE STAR 50 Index (SSE:000688), the benchmark for the 50 largest science and technology companies on the Shanghai bourse, closed 4% higher.Positive global cues included news that South Korea is in discussions with Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) over the next phase of large-scale semiconductor investments.South Korean presidential policy adviser Kim Yong-beom said AI-driven demand growth may require the two chipmakers to boost planned chip facility construction by more than 10 years to 2034-2035, while the government looks for space to build a second semiconductor cluster.Also boosting sentiment was China's action plan to boost and stabilize foreign investments.The plan, signed by the commerce and finance ministries, as well as the National Development and Reform Commission, highlights market access expansion, facilitating and supporting foreign investment, and beefing up investment promotion, among others.In company news, shares of Chongqing Genori Technology (SHA:688797) surged 1,213% versus their initial public offering price of 44.56 yuan on their first day of trading on the Shanghai bourse.

Shanghai Composite^SZSESHA:000688SHA:688797

Asia4d ago

S&P Rates Sony Group's Planned US Dollar Bonds A+

S&P Global Ratings on Wednesday placed an A+ long-term issue credit rating on Sony Group's (TYO:6758) planned US dollar senior unsecured bonds.The bonds have a similar rating to the Japanese electronics and entertainment company's long-term issuer credit rating, reflecting sufficiently low leverage that narrows the likelihood of notable disadvantage for some lenders, S&P said.Funding from the bonds will widen the company's overseas investors and diversify its sources, the rating agency said.The company's solid position in the entertainment industry, robust profitability amid a diversified business mix, and healthy cash flow ratios support its rating.S&P views the company as slightly less competitive than major global peers in some entertainment areas.

TYO:6758

Asia4d ago

Cybozu's May Sales Growth Climbs 14.6%

Software company Cybozu (TYO:4776) said its consolidated sales rose to 3.49 billion yen in May, up 14.6% year on year.Cloud-related business continued to drive growth, with May sales climbing 14.6% to 3.24 billion yen, according to a Tokyo bourse filing on Wednesday.For the full year ending Dec. 31, the company forecasts an attributable profit of 7.45 billion yen, basic earnings per share of 160.99 yen, and net sales of 42.2 billion yen.

TYO:4776

Asia4d ago

Shenzhen Fastprint Circuit Tech Seeks Up to 3.9 Billion Yuan From Private Placement

Shenzhen Fastprint Circuit Tech (SHE:002436) is looking to raise up to 3.90 billion yuan from the sale of 509.9 million shares to 35 investors in a private placement, according to a Wednesday filing with the Shenzhen bourse.The printed circuit board manufacturer looks to use the proceeds to fund its modified semi-additive process manufacturing and integrated circuit packaging substrate projects and for working capital.Shares rose 4% during the close of trading on Wednesday.

SHE:002436

Asia4d ago

Market Chatter: India to Review Steel Import Trends Before Considering Further Curbs

India will track steel import levels for at least two more months before deciding whether additional measures are required to curb cheap inbound shipments mainly from China, Reuters reported on Tuesday, citing a source familiar with the matter.The country remained a net importer of finished steel for a second consecutive month in May, with imports reaching about 0.7 million metric tons, higher than the average seen over the previous six months. Finished steel exports in May stood at 0.5 million metric tons.No decision has been made on additional measures, which could include anti-dumping duties or other trade measures, the report noted.India's Ministry of Steel 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.)

^BSENifty 50

Asia4d ago

Cub Elecparts Names CFO of Key Unit

Cub Elecparts (TPE:2231) appointed Liu Wan Hua as chief financial officer of 3S System Technology, a key subsidiary, according to a Wednesday Taiwan Exchange filing.Before the CFO appointment, Liu had been serving as head of Cub Elecparts' accounting and finance division.

TPE:2231

Asia4d ago

Fitch Rates Power Finance's US Dollar Bond BBB-

Fitch Ratings has assigned a BBB- rating to Power Finance's (NSE:PFC, BOM:532810) regulation S senior unsecured US dollar bond, according to a recent release.The notes' rating is equivalent to the India-based company's long-term issuer default rating, being issued under its $8 billion medium-term note program and serving as its direct, unconditional and unsecured obligations.The notes also rank equally at all times with the company's other outstanding unsecured and unsubordinated obligations, Fitch said.Changes in India's sovereign rating would lead to similar actions on that of the company, in turn leading to similar moves for the notes, Fitch said.

BOM:532810NSE:PFC

Asia4d ago

Japanese Shares Extend Selloff, Tracking Wall Street-Led Tech Losses

Japanese shares closed lower for the second straight session after a choppy trading session on Wednesday, tracking the weak trade on Wall Street amid tech losses.The benchmark Nikkei 225 closed lower by 613.41 points or 0.88% at 69,174.97 on Wednesday.Driven by conflicting reports, investors are also cautious of the durability of the peace accord between Iran and the US.Markets are also closely watching the movement of the yen, which is near a 40-year low, for a potential intervention to stabilize the currency.On the corporate side, Toyota Motor (TYO:7203) will slash production outside Japan by about 100,000 units by around February 2027 as the de facto closure of the Strait of Hormuz affects demand overseas, Nikkei Asia reported Wednesday. It also plans to cut electric vehicle production for China.Elsewhere, Marubeni (TYO:8002) has completed its share buyback program after repurchasing a total of 11,766,800 shares, according to a Wednesday filing on the Tokyo Stock Exchange.

Nikkei 225TYO:7203TYO:8002

Asia4d ago

Market Chatter: Zhipu AI Plans Hong Kong Share Sale

Knowledge Atlas Technology (HKG:2513), also known as Zhipu AI, is considering a share sale in Hong Kong next month to raise several billion U.S. dollars, Bloomberg reported Wednesday.The firm's plans are preliminary and could change, the report said, citing people familiar with the matter.Zhipu AI previously disclosed plans to pursue a secondary listing on Shanghai Stock Exchange's Sci-Tech Innovation Board to raise funds to advance its AI models.Zhipu AI did not immediately respond to a request for comment from.(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:2513

Asia4d ago

Sigong Tech Bags KRW8.8 Billion Contract

Sigong Tech (KOSDAQ:A020710) secured an 8.84 billion contract to construct the Korean Pavilion at the 2027 Belgrade Expo, according to a Korean Exchange filing on Wednesday.The contract, signed with the Korea Trade-Investment Promotion Agency (KOTRA), will conclude by Nov. 30, 2027.

KOSDAQ:A020710

Asia4d ago

Daqin Railway Increases Dividend Payout

Daqin Railway (SHA:601006) adjusted its dividend upward to 0.14169 yuan per share from 0.14 yuan, according to a Wednesday filing with the Shanghai bourse.Based on the revised dividend, annual profit distribution for 2025 will be 2.81 billion yuan.

SHA:601006

Asia4d ago

Infroneer Revises Performance-Linked Stock Plan for Directors, Executives

Infroneer (TYO:5076) said that it has revised its performance-linked stock compensation plan for directors and executive officers, according to a Tuesday filing on the Tokyo Stock Exchange.The Japan-based infrastructure services company said that the new expanded plan will include additional eligible companies to strengthen its focus on long-term corporate value and shareholder returns.The compensation committee approved the changes on Tuesday, under which multiple evaluation periods will run concurrently, replacing the three-year lump-sum grant structure.The revised plan aligns shareholder value with executive compensation, ensuring sustainable growth, the filing said.

TYO:5076

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Asia4d ago

South Korean Shares Rebound on Chip Gains; Samsung Adds 10%, SK Hynix 1%

^KOSDAQKOSPIKRX:000660KRX:005930