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Nanya Technology to Buy Machinery, Equipment Worth NT$2 Billion

Nanya Technology (TPE:2408) will acquire machinery and equipment worth NT$2.05 billion from ASM Japan K.K., according to a Friday Taiwan Exchange filing.Shares slid over 2% in Monday's midday trade.The company will use the equipment for production, it said.

TPE:2408

Asia51d ago

TSMC Trims Vanguard International Stake to 19% While Retaining Tech Alliance

Taiwan Semiconductor Manufacturing or TSMC (TPE:2330) plans to sell up to 152 million shares, or about 8.1% of Vanguard International Semiconductor (TWO:5347), through a block trade to financial institutional investors, according to Friday Taiwan Exchange filing.TSMC said the sale will not affect its strategic relationship with VIS, including the outsourcing of interposer production and licensing of GaN technology.Vanguard International Semiconductor's shares have slumped about 10% in recent trade.The company currently holds around 27.1% of Vanguard International Semiconductor on a fully diluted basis and expects its stake to fall to nearly 19% after the transaction.The divestment is part of TSMC's strategy to focus resources on its core business activities, it said.

TPE:2330TWO:5347

Asia51d ago

ASE Technology Unit Buys Facilities Worth About NT$490 Million; Shares Drop 7%

ASE Technology (TPE:3711) unit Advanced Semiconductor Engineering acquired facilities for operation from Marketech International (TPE:6196) worth NT$489.5 million, according to a Friday Taiwan Exchange filing.Shares of ASE Technology dropped about 7% in Monday's midday trade, while those of Marketech International gained about 2%.The assets will be used for production and operational purposes.

TPE:3711TPE:6196

Asia51d ago

Glenmark Pharmaceuticals Launches Vancomycin Hydrochloride for Injection in US

Glenmark Pharmaceuticals (NSE:GLENMARK, BOM:532296) has launched Vancomycin Hydrochloride for injection, 500 mg/vial and 1 g/vial in the US, according to a Monday filing to the Indian stock exchanges.The drug is bioequivalent and therapeutically equivalent to Fresenius Kabi's reference-listed drug Vancomycin Hydrochloride for injection.According to IQVIA estimates, Vancomycin Hydrochloride for injection had annual sales of around $37.9 million for the 12 months ended March.

BOM:532296NSE:GLENMARK

Asia51d ago

Market Chatter: Shein to Acquire Everlane in $100 Million Deal

Chinese online retailer Shein is set to acquire U.S. apparel brand Everlane from majority owner L Catterton in a roughly $100 million deal, Puck News reported Sunday, citing sources.Common stockholders in Everlane will not receive any payout from the transaction, and it is unclear whether preferred shareholders will receive cash or Shein shares, 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.)

Shanghai Composite^SZSE

Asia51d ago

Hua Nan Financial's Operating Revenue Soars 60% in April

Hua Nan Financial (TPE:2880) posted operating revenue of NT$7.23 billion in April, surging 59.6% from NT$4.53 billion a year earlier, according to a Friday Taiwan Exchange filing.Shares slid about 2% in Monday's afternoon trade.For the year to date, cumulative operating revenue jumped 30.5% to about NT$26.0 billion from NT$19.9 billion in the same period last year, it said.

TPE:2880

Asia51d ago

Danish Firm, Global Power Synergy Consider Exit Strategy for Taiwan Offshore Wind Project

Denmark's Copenhagen Infrastructure Partners and Thai firm Global Power Synergy (BKK:GPSC) are exploring options for their offshore wind project in Taiwan, including a potential sale, Bloomberg News reported Monday, citing people familiar with the matter.The partners have approached advisers as they review alternatives for the Changfang and Xidao wind project, though selling a stake in the venture remains another option. The nearly 600-megawatt project could be worth several billion dollars, including debt, according to the sources.Copenhagen Infrastructure Partners is the majority owner of the venture, while Global Power Synergy holds roughly a 25% stake. Global Power Synergy said it routinely evaluates its investment portfolio and rebalancing plans, but has no significant update to disclose on the project and does not comment on market speculation.(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.)

Taiwan WeightedBKK:GPSC

Asia51d ago

Torque Metals Says Western Australia Gold Deposit Drilling Extends High-Grade Mineralization; Shares Fall Past 11%

Torque Metals (ASX:TOR) said ongoing in-fill and extensional drilling at the Paris gold deposit in Western Australia extended high-grade mineralization more than 60 meters beyond previous drilling, according to a Monday Australian bourse filing.It encountered intercepts of 17.1 meters at 2.8 grams per tonne (g/t) grade of gold from 513 meters down-hole, as well as 5 meters at 4.5 g/t grade of gold from 206 meters.Extensional drilling targeting down-hole electromagnetic conductors continued to intersect strong mineralization outside the mineral resource estimate envelope, the company said. An interim mineral resource estimate update for the project remains on track for the June quarter.Torque Metals' shares fell past 11% in recent trading on Monday.

ASX:TOR

Asia51d ago

Shenzhen Investment Logs 3 Billion Yuan in Q1 2026 Contracted Sales

Shenzhen Investment (HKG:0604) recorded contracted sales of approximately 3.05 billion yuan in the first quarter of 2026 from its real estate sales business, according to a Monday filing with the Hong Kong bourse.The corresponding contracted sales area stood at around 127,403 square meters, the filing stated.

HKG:0604

Asia51d ago

Prashant India CFO Resigns

Prashant India's (BOM:519014) Chief Financial Officer, Vinod Pandurang Jadhav, has resigned and will be relieved from the role effective May 18, according to an Indian bourse filing on Sunday.The company has updated its list of authorized Key Managerial Personnel following the departure and is establishing an executive transition timeline to appoint a replacement.

BOM:519014

Asia51d ago

Market Chatter: Trump Claims Xi Backs Hormuz Reopening, But Beijing Stays Silent

U.S. President Donald Trump said Chinese leader Xi Jinping agreed that Tehran should reopen the Strait of Hormuz, but the latter stayed mum on talks about Iran, Reuters reported Saturday.Fresh off the summit in China, Trump said he is considering removing sanctions on Chinese oil firms that purchase Iranian crude, according to the report.Beijing's foreign ministry slammed the war, saying it "should never have happened" and "has no reason to continue," Reuters reported.(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

Asia51d ago

JSW Energy Sells 25 Million Shares of JSW Steel in Bulk Deal

JSW Energy (NSE:JSWENERGY, BOM:533148) has sold 25 million equity shares of face value 1 rupee each of JSW Steel (NSE:JSWSTEEL, BOM:500228) for 31.5 billion Indian rupees, according to a Monday filing to the Indian stock exchanges.The transaction was conducted as a bulk deal on the National Stock Exchange of India on Monday, as part of a strategic liquidity release, the company said.Following the share sale, the company's balance holding is around 45 million equity shares of JSW Steel."The monetisation of a part of the shareholding in JSW Steel Limited not only releases capital for pursuing the company's growth strategy but also improves return on capital employed for the company," JSW Energy said.

BOM:500228BOM:533148NSE:JSWENERGYNSE:JSWSTEEL

Asia51d ago

China XLX Fertiliser's Q1 Profit Jumps 52% as CFO Resigns; Shares Drop 2%

China XLX Fertiliser (HKG:1866) booked 299.6 million yuan in attributable profit for the first quarter of 2026, up 51.7% from 197.5 million yuan a year earlier, according to a Friday filing with the Hong Kong bourse.The fertilizer company's shares fell more than 2% in recent trade.Earnings per share were 0.236 yuan, compared with 0.158 yuan in the prior-year period.Revenue rose 17% year on year to 6.82 billion yuan, figures showed.Meanwhile, in a separate filing, the firm said Paul Wong Wing Wang resigned as chief financial officer to devote more time to other endeavors.Jeremy Cheah Soon Ann succeeded Wang as CFO and data protection officer, the firm said.

HKG:1866

Asia51d ago

Green Build Technology Narrows Attributable Loss in Q1; Shares Up 3%

Green Build Technology (SGX:Y06) narrowed its attributable loss to owners during the first quarter to SG$165,000 from SG$283,000 a year earlier, according to a Friday filing with the Singapore Exchange.Shares of the company gained nearly 3% in late-morning trade Monday.Loss per share came in at SG$0.0005 compared with SG$0.001 in the year-ago period.Revenue surged 113% year over year to SG$642,000 from SG$301,000.

SGX:Y06

Asia51d ago

AI Energy Engineering's CEO Resigns; Successor Named

AI Energy Engineering (HKG:1751) said Vice Chairman and Chief Executive Officer Cheung Shek On resigned effective May 15 to focus on the group's demolition business at the subsidiary level, according to a same-day Hong Kong bourse filing.Shares of the concrete demolition service provider fell nearly 8% in Monday's late morning trade.The company appointed Chairman Cao Yifan as chief executive officer to succeed Cheung.

HKG:1751

Asia51d ago

China Everbright to Participate in Chinese REIT's IPO

China Everbright (HKG:0165) said it agreed to invest up to 470 million yuan in a real estate investment trust associated with its controlling shareholder, according to a Friday Hong Kong bourse filing.The investment would give the firm ownership of up to 9.33% of the EPF EBA Closed-end Commercial REIT's units, which are yet to be listed.The REIT's initial offering in China is expected to be valued at up to 4.6 billion yuan, while its underlying assets are two income-generating shopping mall properties with a combined value of 5.8 billion yuan as of Dec. 31, 2025.

HKG:0165

Asia51d ago

India Tightens Silver Import Rules to Ease Pressure on Forex Reserves

India on Saturday tightened restrictions on imports of most silver products as the government seeks to curb its import bill and support the weakening rupee.Under a May 16 notification issued by the Directorate General of Foreign Trade, several silver product categories were shifted from the "free" to the "restricted" import category.Imports of silver bars containing 99.9% or more silver by weight, along with other categories of silver bars, will be subject to regulations set by the Reserve Bank of India.The Indian government has been urging citizens to cut down on the purchase of precious metals such as gold and silver, which are mainly imported into the country. This is aimed at easing the pressure on foreign exchange reserves amid surging oil prices due to the Middle East crisis.

^BSENifty 50

Asia51d ago

CLP's Hong Kong Electricity Sales Rise 3.2% in Q1

CLP (HKG:0002) unit CLP Power Hong Kong's electricity sales rose 3.2% year on year to 7,319 gigawatt hours in the first quarter, according to a Monday Hong Kong bourse filing.Sales to data centers jumped 11% from a year earlier as demand for artificial intelligence and digital services continued to grow, the filing showed.Residential electricity sales declined 2.9% due to warmer winter weather and increased outbound travel during the holiday season.Separately, CLP declared a first interim dividend of HK$0.63 per share, unchanged from a year earlier, payable on June 15 to shareholders on record as of June 4.

HKG:0002

Asia51d ago

US, China Agree to Reciprocal Tariff Cuts

China and the U.S. agreed to establish Trade and Investment Councils, pursue reciprocal tariff reductions, and address non-tariff barriers on agricultural goods, according to a Sunday filing with China's commerce ministry.Tariff cuts would normalize China-U.S. farm trade, letting commercial buyers back in, Reuters cited Johnny Xiang of AgRadar Consulting.Also, China will address U.S. concerns on beef plant registrations and poultry exports.On May 15, Beijing renewed 425 U.S. beef plants for five years and approved 77 new ones. U.S., Reuters wrote. Agriculture Secretary Brooke Rollins said China also agreed to resume beef imports from 17 states.U.S. Trade Representative Jamieson Greer expects China to buy "double-digit billions" in U.S. farm goods over three years, according to Reuters. No details on products, prices, or volume have been released.China and the U.S. also reached arrangements on aircraft purchases and engine supplies, according to the commerce ministry, adding that both countries' trade teams will finalize the details to implement the consensus swiftly.

Shanghai Composite^SZSE

Asia51d ago

Market Chatter: China Envoy Slams U.S.-Bahrain Resolution on Hormuz Strait

China's U.N. ambassador Fu Cong rejected a proposed U.S.-Bahraini resolution on the Strait of Hormuz, calling the content and timing "not right," Reuters reported Saturday.Passing it now "is not going to be helpful," Fu said, urging both sides to pursue good-faith negotiations instead, according to the report.Fu added that China, as current Security Council president for the month of May, would not put the resolution to a vote, though a formal request from drafters has not yet been made, Reuters wrote.(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

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