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Dajin Heavy Industry Nears Hong Kong IPO

Dajin Heavy Industry (SHE:002487) is proceeding with its application to list and offer shares on the Hong Kong Stock Exchange, according to a Shenzhen bourse filing on Tuesday.The Chinese shipmaker submitted its listing application on Sept. 29, 2025, and the Hong Kong bourse conducted a listing hearing to review the application on April 30.

SHE:002487

Asia51d ago

Culturecom Auditor Resigns

Culturecom (HKG:0343) said Gary Cheng CPA resigned as the firm's auditor after it failed to retain its services in due time, according to a Tuesday filing with the Hong Kong bourse.The comic book publisher and media content provider said it was identifying a new auditor for its financial results.

HKG:0343

Asia51d ago

TransThera Sciences Seeks HK$156 Million via Share Offering

TransThera Sciences (Nanjing) (HKG:2617) said it was looking to raise HK$156.6 million via a share offering, according to a Tuesday filing with the Hong Kong bourse.The drugmaker is seeking investors for 3.8 million shares priced at HK$40.83 each to raise funds for the development of new indications for its core product tinengotinib.The shares represent 1.24% of the company's existing H shares and 0.95% of its total issued shares, and 1.23% and 0.94% as enlarged by the offering, respectively.TransThera recently said that tinengotinib was found to offer benefit to patients in a clinical trial conducted in China.Results published in the Nature Communications journal showed that tinengotinib demonstrated anti-tumor activity both as a monotherapy and in combination with atezolizumab in patients with advanced solid tumors and advanced biliary tract cancer.

HKG:2617

Asia51d ago

BrightGene Resubmits Hong Kong IPO Application

BrightGene Bio-Medical Technology (SHA:688166) has resubmitted its application to launch an initial public offering on the Hong Kong Stock Exchange.The pharmaceutical company filed a new draft application on Monday, according to a Tuesday filing with the Shanghai bourse.The proposed listing still requires regulatory approvals, including from the China Securities Regulatory Commission and Hong Kong's Securities and Futures Commission.BrightGene plans to use a portion of the proceeds for research and development of its products, including its BGM0504 injection for the treatment of obesity.Huatai International is the sole sponsor of the proposed IPO.

SHA:688166

Asia51d ago

Wuhan Changjin Photonics Targets Up to 960 Million Yuan From Shanghai IPO

Wuhan Changjin Photonics Technology (SHA:688635) priced its initial public offering on the Shanghai Stock Exchange's STAR Market board, seeking to raise up to 960 million yuan.The electronic components manufacturer will offer up to 23.4 million shares at 40.98 yuan apiece, according to an exchange filing on Monday.The shares account for 25% of the company's total share capital post-IPO.

SHA:688635

Asia51d ago

Westpac Banking to Issue SG$500 Million of Tier 2 Subordinated Instruments

Westpac Banking (ASX:WBC, NZE:WBC) will issue SG$500 million worth of 3% subordinated instruments due 2038 on Tuesday, according to a same-day filing with the Australian bourse.The instruments are expected to qualify as Tier 2 regulatory capital under Basel III rules, per the filing.The company said it plans to use the proceeds from the issue for general corporate purposes.Westpac Banking's Australian and New Zealand shares each gained 1% in recent Tuesday trade.

ASX:WBCNZE:WBC

Asia51d ago

Maritana Minerals Swaps Tenements With Accelerate Resources in Kanowna East-Balagundi Deal; Shares Up 3%

Maritana Minerals (ASX:MRT) has entered into a dual tenement transaction with Accelerate Resources (ASX:AX8), acquiring the Kanowna East tenure package while divesting its Balagundi tenure package, according to a Tuesday filing with the Australian bourse.The company will issue shares worth the greater of AU$200,000 or 133,333 shares to Accelerate Resources and pay a net cash balance of AU$60,000 after offsets between the parties, per the filing.It will also grant a 1% net smelter return royalty on acquired and divested tenements and a five-year right of first refusal for Balagundi toll treatment opportunities, the filing said.Completion is expected in the June quarter, and the acquired ground will be incorporated into the fiscal year 2027 exploration planning, the filing added.Maritana Minerals' shares rose 3% in recent Tuesday trade, while Accelerate Resources jumped 17%.

ASX:AX8ASX:MRT

Asia51d ago

StanChart Raises Long-Term Targets, Plans 15% Cut in Corporate Roles by 2030

Standard Chartered (HKG:2888) aims to deliver return on tangible equity above 15% in 2028, up more than 3 percentage points from 2025, with the figure expected to reach about 18% by 2030, according to a Tuesday Hong Kong bourse filing.The bank also plans to reduce corporate function roles by more than 15% by 2030.Standard Chartered targets high-teens earnings-per-share compound annual growth and income CAGR of 5% to 7% from 2025 to 2028.The lender plans to lower its cost-to-income ratio to about 57% in 2028 from 63% in 2025.

HKG:2888

Asia51d ago

Shenghui Cleanness Finalizes Deal to Acquire 70% Stake in Technology Company from Shareholder

Shenghui Cleanness Group (HKG:2521) finalized a deal to acquire a 70% stake in Huali Digital Technology (Guangdong) from its substantial shareholder for 15.8 million yuan, the firm said in a Tuesday Hong Kong bourse filing.The target is mainly engaged in applying new technologies such as IoT, big data, and artificial intelligence to provide one-stop solutions, including the development of software systems and related services.The stake to be acquired is ultimately owned by Dongguan Huali Industries (SHA:603038), which also owns 19% of Shenghui Cleanness Group.

HKG:2521SHA:603038

Asia51d ago

Strickland Metals Confirms Listing Rule Compliance in Response to ASX Query

Strickland Metals (ASX:STK) said it is in compliance with listing rules and is not aware of any undisclosed information that might explain recent trading in its securities, according to a Tuesday filing with the Australian bourse.In response to a query from the stock exchange, the company said a May 4 market disclosure about exploration activities at the Rogozna project in Serbia may be a possible reason behind the recent trading.In that disclosure, the company said it experienced unexpected delays to the start of its exploration drilling program as it has not yet received final regulatory approvals.Strickland Metals also pointed to a recent decline in the price of gold, which it said may have contributed to weakness and volatility in the exploration sector.The company's shares were flat in recent Tuesday trade but have declined more than 25% over the last five trading days.

ASX:STK

Asia51d ago

OFX Group Posts Lower Fiscal 2026 Underlying Earnings, Revenue; Shares Fall 7%

OFX Group (ASX:OFX) reported Tuesday fiscal year 2026 underlying earnings of AU$0.0098 per basic share, down from AU$0.1165 a year earlier.Revenue from ordinary activities for the 12 months ended March 31 was AU$203.9 million, compared with AU$221.9 million a year earlier.The company expects capital expenditure for fiscal year 2027 to range between AU$19 million and AU$20 million.The company's shares fell 7% in recent Tuesday trade.

ASX:OFX

Asia51d ago

HSBC Issues $1.5 Billion Perpetual Contingent Convertible Securities

HSBC (HKG:0005) issued $1.50 billion of 6.750% perpetual subordinated contingent convertible securities, according to a Tuesday Hong Kong bourse filing.The securities are callable during any optional redemption period.HSBC has applied for the securities to be listed on Euronext Dublin's Global Exchange Market.

HKG:0005

Asia51d ago

Market Chatter: Weak Yen Drives Record Japanese Used Car Exports, But Domestic Affordability Worsens

Japan shipped a record number of used cars overseas last year, fueled by strong demand linked to the weak yen, Nikkei Asia reported on Tuesday, citing a regional purchasing manager at a used car dealer Nextage (TYO:3186).Rising procurement costs for used cars have pushed a growing number of Japanese dealerships into bankruptcy, the news daily said.Consequently, domestic buyers are left with very few options in the 1 million to 2 million yen range, which is generally seen as affordable, the publication said.A regional purchasing manager at major used car dealer Nextage noted that prices have surged dramatically over the last three years, the report 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.)

Nikkei 225TYO:3186

Asia51d ago

Market Chatter: Woolworths Group Shares Advance After JPMorgan Upgrade

Woolworths Group (ASX:WOW) shares advanced 4% in recent Tuesday trade after JPMorgan raised its recommendation on the company to "overweight," the Australian Financial Review reported the same day.In a note, JPMorgan reportedly said investor focus is shifting toward margin differentials as opposed to sales growth amid a fresh inflation cycle driven by geopolitical concerns."We expect Woolworths to once again leverage its strong position with suppliers to generate gross margin expansion as it rolls out its Customer Offer Reset program across a broader range of categories," the report quoted JPMorgan as saying.The investment firm also raised its fiscal 2027 and 2028 earnings estimates for Woolworths by 1.2% and 7.6%, respectively, while increasing its price target to AU$37, 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.)

ASX:WOW

Asia51d ago

CuFe to Raise AU$15.4 Million Through Share Subscription Deal

CuFe (ASX:CUF) entered a binding share subscription agreement with Pan African Resources unit Tennant Consolidated Mining Group to raise about AU$15.4 million through the issue of 307 million shares at AU$0.05 each, according to a Tuesday filing with the Australian bourse.The mining firm will use the funds primarily to advance its flagship Tennant Creek projects in the Northern Territory and for working capital purposes.As part of the deal, Tennant nominated Peter Main as a non-executive director on CuFe's board.Additionally, the companies will create a technical committee to evaluate the status of the Tennant Creek project.

ASX:CUF

Asia51d ago

True North Copper Says Induced Polarization Program at Queensland Project Completed

True North Copper (ASX:TNC) said an around 7-line kilometers phase one induced polarization geophysics program was completed at its Mt Oxide project in Queensland, according to a Tuesday Australian bourse filing.The program expanded the potential strike of the Aquila copper-cobalt-silver discovery, extending the Aquila target around 500 meters to the north, and generated additional high-priority drill targets along the Mt Gordon Fault Zone, per the filing.

ASX:TNC

Asia51d ago

Market Chatter: Carlyle Plans Larger Japan Fund; Commits to Working Within Local Priorities

Carlyle Group intends to make its next Japan investment fund larger than its current one, Nikkei reported on Tuesday, citing Chief Executive Officer Harvey Schwartz.Schwartz praised Japan's relatively low interest rates and its success in attracting global capital, noting that investment opportunities exist in succession planning, carve-outs, and take-privates, the publication said.The firm raised 430 billion yen or $2.71 billion for its fifth Japan-focused fund in 2024 and has been actively pursuing new deals, the news daily said.The deals include acquisitions of KFC Holdings Japan (TYO:9873), Hogy Medical (TYO:3593), and Omron's (TYO:6645) electronic components arm, the report said.Most recently, Carlyle announced it would acquire fire extinguisher maker Nippon Dry-Chemical (TYO:1909) in partnership with security firm Alsok, it 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.)

Nikkei 225TYO:1909TYO:3593TYO:6645TYO:9873

Asia51d ago

Japanese Shares Rise as Trump Halts Iran Strikes, While GDP Beat Supports BOJ Rate Hike Prospects

Japanese stocks advanced at the opening bell on Tuesday following President Donald Trump's decision to call off fresh military strikes against Iran, which raised hopes for a peace deal and reopening of the Strait of Hormuz.The Nikkei 225 rose 386.9 points or 0.6% to open at 61,202.84.Meanwhile, Japan's economy grew faster than expected in the first quarter, supporting further rate hikes by the Bank of Japan.According to a Cabinet Office report released Tuesday, real GDP grew at an annualized rate of 2.1% in the January-March period - before the full effects of the war in Iran began to materialize.

Nikkei 225

Asia51d ago

Barton Gold Holdings Begins Follow-Up Drilling at South Australia Silver Prospect

Barton Gold Holdings (ASX:BGD) began an expedited 4,000-meter follow-up drilling program at the Tolmer silver prospect, located at its Tarcoola gold project in South Australia, according to a Tuesday Australian bourse filing.The program will infill the high-grade zone on a different orientation to test continuity and a potential new interpretation of local geological controls, as well as potential extensions of the mineralization.Its shares rose 2% in early trading on Tuesday.

ASX:BGD

Asia51d ago

Regal Investment Fund Reports Funds Under Management of AU$21 Billion by the End of April

Regal Investment Fund (ASX:RF1) reported estimated funds under management of about AU$21 billion as of April 30, according to a Tuesday filing with the Australian bourse.Regal reported a fund size of AU$770 million as of April 30, and an annualized return of more than 17% since its inception in June 2019, per the filing.In its market outlook, Regal also saw a 171% increase in the price of gold between September 2022 and March this year, saying that the "gold price cycle may be just starting." It also said small caps on the Australian stock exchange appear poised for a potential rebound.

ASX:RF1

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