Financial News · Live Terminal

Page 43 of 765

Market Chatter: Standard Chartered Mulling Sale of Bahrain Operations

Standard Chartered (HKG:2888) is exploring the sale of its wealth and retail banking business in Bahrain, Reuters reported on Tuesday.The disposal is part of the London-based bank's strategy to exit smaller retail and wealth markets and focus on clients at scale, the bank reportedly told Reuters.The transition is expected to take at least 18 months, while corporate and investment banking operations in Bahrain will remain unaffected, the report added.(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:2888

Asia5d ago

Vinpearl Joint Stock Company Secures $255 Million Strategic Investment

Vinpearl Joint Stock Company (HOSE:VPL) secured a $255 million strategic investment from Temasek-linked SeaTown Credit Fund III and Oman Investment Authority, according to a company release on Tuesday.The investment was carried out by the company's Vietnam-Oman Investment platform, issued as convertible dividend preference shares with Jefferies acting as the exclusive financial adviser.The capital injection will allow the company to develop its portfolio of 60 facilities, which include 5-star hotels and resorts.

HOSE:VPL

Asia5d ago

Sichuan Chuantou Energy Earns 656,000 Yuan From Structured Deposit Redemption

Sichuan Chuantou Energy (SHA:600674) earned 656,600 yuan via the redemption of a 70-million-yuan principal-guaranteed structured deposit from CITIC Bank.The 205-day product, yielded a 1.67% annualized return, matured June 20, according to a Wednesday filing with the Shanghai bourse.Shares of the company closed 1% lower Wednesday.

SHA:600674

Asia5d ago

Komatsu Matere Board Approves Treasury Share Disposal Under Restricted Stock Compensation Plan

Komatsu Matere (TYO:3580) board approved the disposal of 62,998 treasury shares worth up to 44 million yen under its restricted stock compensation plan.The shares were allocated to five directors, excluding outside directors and nine executive officers, according to a Wednesday filing on the Tokyo Stock Exchange.The disposal will be completed on July 21.

TYO:3580

Asia5d ago

Sichuan Road & Bridge Completes 15.4-Million-Yuan Bond Interest Payment

Sichuan Road & Bridge (SHA:600039) fully paid the 2026 interest on its 2024 second-tranche three-year notes, totaling 15.4 million yuan.The 700-million-yuan notes carry a 2.20% coupon and mature in 2027, according to a Wednesday filing with the Shanghai bourse.

SHA:600039

Asia5d ago

Daiwa Securities Living Investment Refinances 700 Million Yen Loan with Kagawa Bank

Daiwa Securities Living Investment (TYO:8986) has secured a new 700 million yen loan to refinance an existing borrowing of the same amount due June 30, according to a Tokyo bourse filing on Wednesday.The new unsecured term loan from The Kagawa Bank carries an interest rate of 1-month JBA Japanese Yen TIBOR plus 0.4700%, with monthly interest payments.The loan is structured as a lump-sum repayment on the due date of March 31, 2033. The refinancing replaces the original borrowings that were taken out in June 2019.

TYO:8986

Asia5d ago

ABB India Partners Kolkata Metro for Electrification and Motion-Control Systems

ABB India (NSE:ABB, BOM:500002) said Kolkata Metro has partnered with the company to improve efficiency, reliability and safety across its expanding urban transit network, according to a Wednesday filing to the Indian stock exchanges.The company said its electrification and motion-control solutions have been deployed across key infrastructure, including stations and underground tunnels, supporting operations across both underground and elevated corridors.Shares of the company fell nearly 2% in recent trade.

BOM:500002NSE:ABB

Asia5d ago

Daiwa Securities Living Investment Secures 1 Billion Yen Unsecured Facility from Daiwa Next Bank

Daiwa Securities Living Investment (TYO:8986) secured a 1 billion yen unsecured and unguaranteed facility from Daiwa Next Bank, strengthening its financial base, according to a Tokyo bourse filing on Wednesday.The Japan-based real estate investment trust said that the facility will secure its flexible financing options, effective June 30, 2026, and will run through June 30, 2027.The new agreement replaces an existing commitment line with the same borrowing limit, which expires on June 30, and the proceeds will be used for new property acquisitions and debt repayments.

TYO:8986

Asia5d ago

Hong Kong Stocks Rebound; Seer Intelligent Technology, Micot Pharma Shine on Debut

Hong Kong stocks rebounded Wednesday as investors looked past volatility in AI-related shares and focused on signs of progress in U.S.-Iran peace talks.The Hang Seng Index rose 0.3%, or 75.90 points, to close at 23,412.18, while the Hang Seng China Enterprises Index edged up 5.61 points to finish at 7,764.97.A sharp selloff in semiconductor stocks dragged the Nasdaq and S&P 500 to one-week lows Tuesday amid concerns over AI spending and a more hawkish Fed.Meanwhile, U.S. President Donald Trump said Tuesday that Iran had agreed to allow nuclear inspections indefinitely, a claim Tehran rejected, saying no such concession had been made in ongoing negotiations.The two sides, which concluded a first round of talks in Switzerland on Monday, also offered conflicting accounts on key elements of the framework agreement reached last week.In corporate news, two companies made their trading debut on the Hong Kong bourse.Shanghai Seer Intelligent Technology (HKG:6106) closed 4% higher at HK$106.00, compared with the offer price of HK$101.60.Shaanxi Micot Pharmaceutical Technology (HKG:2335) advanced 103% to close at HK$36.90, versus its offer price of HK$18.20.

Hang SengHKG:2335HKG:6106

Asia5d ago

Market Chatter: CATL Chair Sees EVs as Future AI Token Factories

Contemporary Amperex Technology (SHE:300750, HKG:3750), or CATL, Chairman Robin Zeng said electric vehicles could evolve into mobile AI generators, harnessing idle battery power and chips to produce data tokens, Bloomberg News reported Tuesday.During the World Economic Forum event in Dalian, China, Zeng said many Chinese EVs possess the energy and hardware to become "token factories" for large language models, according to the report.(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

Asia5d ago

Bajaj Finance Raises INR20 Billion Through Debenture Allotment; Shares Up 3%

Bajaj Finance (NSE:BAJFINANCE, BOM:500034) has raised around 20 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis.The company allotted 200,000 non-convertible debentures at a face value of 100,000 rupees each with a coupon rate of 7.92% per annum, according to a Wednesday filing to the Indian stock exchanges.The debentures are proposed to be listed on the wholesale debt market segment of the BSE, and are scheduled to mature on June 24, 2031.Shares of the company rose nearly 3% in recent trade.

BOM:500034NSE:BAJFINANCE

Asia5d ago

Sub Sri Thai Names CFO

Sub Sri Thai (BKK:SST) appointed Budsabong Pansawadi as chief financial officer, effective July 1, succeeding Prajak Jangsangtong, according to a Tuesday Thailand Exchange filing.Jangsangtong will step down from the CFO role on June 30, the warehouse and document storage company said.

BKK:SST

Asia5d ago

S&P Bumps TSMC's Outlook to Positive on Leading Market Position

S&P Global Ratings has changed the outlook on Taiwan Semiconductor Manufacturing's (TPE:2330) AA- long-term issuer credit rating to positive from stable, while affirming the rating, according to a recent release.The company's solid EBITDA and free operating cash flow expansion amid rising technology and scale challenges for peers support the outlook revision, S&P said.Revenue and margin strengths have bolstered the company's position in the global semiconductor foundry sector, with a major share in semiconductor foundry services for advanced high-performance computing chips.The company has a 72% total revenue share among 10 major global foundry service providers, with a revenue scale that is about 8.7 times larger than its closest rival last year, S&P said.Robust metrics should aid in maintaining an expanding net cash position, even with increased capital expenditure and cash dividends in the next one to two years, the rating agency said.The company is capable of narrowing business volatility given broad-end applications and technology leadership, even with likely uncertainty in AI investments, S&P said.

TPE:2330

Asia5d ago

Ulvac Approves Unit Demerger for Planned Flat Panel Display Business Integration in China

Ulvac (TYO:6728) board approved an incorporation-type demerger of its consolidated subsidiary as part of a planned integration of its flat panel display target materials business with a joint venture in China, according to a Tokyo bourse filing on Tuesday.The vacuum technology company said that the target business is currently held by its South Korea-based consolidated subsidiary, Pure Surface Technology, and the split will be conducted as a "human demerger."The demerger, subject to conditions, is scheduled to be effective Aug. 11, and the target business will be transferred to a newly established company.

TYO:6728

Asia5d ago

Cenra Unit Secures NT$5 Billion Syndicated Credit Facility

Cenra (TPE:3716) unit CPH has signed a NT$5 billion syndicated credit facility agreement with a group of lenders led by Mega International Commercial Bank and Taipei Fubon Bank, according to a Tuesday Taiwan Exchange filing.The seven-year facility will be used to refinance existing borrowings, replenish medium-term working capital and optimize the subsidiary's financial structure.

TPE:3716

Asia5d ago

China Ruifeng Renewable Energy Eyes HK$185.7 Million from Share Placement; Shares Slide 5%

China Ruifeng Renewable Energy (HKG:0527) agreed to place between 80 million and 342.9 million shares to raise net proceeds of HK$185.7 million, according to a Tuesday Hong Kong bourse filing.Shares of the wind farm operator were down nearly 5% in Wednesday afternoon trading.The shares, which will be placed to at least six investors at a net issue price of HK$0.54 apiece, represent 16.67% of the company's enlarged issued share capital.The company will use proceeds for future development and replenishment of general working capital.

HKG:0527

Asia5d ago

AI-Driven Boom to Benefit Tech-Heavy Asia-Pacific Economies, S&P Says

Asia-Pacific economies with significant tech manufacturing will benefit from an AI-linked tech export boom, S&P Global Ratings said Wednesday.The benefits from the AI tech rally will counter the adverse effects from the energy shock in these economies, S&P Asia-Pacific chief economist Louis Kuijs said.S&P sees possible upward GDP estimate revisions for markets with solid tech shipments, mainly South Korea and Taiwan, as well as Malaysia, Singapore, and Thailand.Meanwhile, the impact of the energy shock has dampened growth forecasts for India, Japan, New Zealand, and the Philippines, S&P said.The rating agency's forecast for China remains stable as strong export dynamics offset weaker domestic demand.S&P maintained its baseline GDP growth forecasts in the region excluding China at 4.5% for 2026 and 4.4% for 2027.

^BSEFTSE Bursa Malaysia KLCI^KOSDAQKOSPINikkei 225Nifty 50^NZ50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted

Asia5d ago

Central China Management's Substantial Shareholder Cuts Stake; Shares Gain 16%

Central China Management's (HKG:9982) substantial shareholder, Joy Bright Investments, agreed to sell shares in the company for a total of HK$48.3 million, according to a Tuesday Hong Kong bourse filing.Joy Bright, which is wholly owned by Chairman Wu Po Sum, entered into separate agreements to sell 414.1 million shares to Wang Rui and 189.4 million shares to Liu Genyu.Before the disposals, Joy Bright held 778 million shares in Central China Management.Shares of the project management company were up nearly 16% in Wednesday afternoon trade.

HKG:9982

Asia5d ago

Guan Chao Unit Signs E-Commerce MOU for Smart AI Massage Comb Franchise

Guan Chao (HKG:1872) said its Shenzhen Groland Health Technology unit signed a memorandum of understanding with Hangzhou Huashen Network Technology to market and sell its AI scalp massage comb and related products in China, according to a Tuesday Hong Kong bourse filing.The companies plan to collaborate on e-commerce operations across Douyin and Tmall, including livestreaming, influencer marketing, content creation, and brand promotion.The partnership targets a gross merchandise value of 20 million yuan in 2026 and 100 million yuan in 2027.Shares of Guan Chao were down nearly 3% in Wednesday afternoon trade.

HKG:1872

Asia5d ago

Korean Insurers Tighten Risk Controls Amid Growing Caution on Alternative Investments, S&P Says

Korean insurers are maintaining stricter risk management controls amid growing wariness of overseas alternative investments, including private credit funds and real estate funds, S&P Global Ratings said Wednesday.The assets seem to post reduced risk-adjusted returns that do not meet insurers' expectations, S&P said.Insurers are now honing in on highly rated bonds and fixed-income securities as domestic bond yields increase, the rating agency said.The rating agency views controlled exposure to riskier overseas private credit and real estate funds for Korean insurers.Rated insurers will endure stress linked to these assets at their present rating, but an ensuing shock will hit profitability, according to S&P.

^KOSDAQKOSPI

Showing 841-860 of 15284