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Infotrust Names New CEO as Part of Leadership Transition

Infotrust (ASX:ITS) said Paul Timmins will join the firm as Chief Executive Officer, effective immediately, while Julian Challingsworth will step down from his role as managing director and CEO as part of an agreedleadership transition, according to a Monday Australian bourse filing.Timmins most recently served as the CEO of Protegic.Infotrust also appointed David Clanchy as Chief Financial Officer.The firm now expects fiscal second-half underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) of around AU$2.3 million, updating its previous guidance of underlying EBITDA of over AU$3 million from continuing operations.

ASX:ITS

Asia51d ago

Queensland Pacific Metals Says Gas Turbines, Equipment for Power Station Arrive in Queensland

Queensland Pacific Metals (ASX:QPM) said two GE Vernova LM6000 gas turbines, generators, and associated equipment arrived in Brisbane, Queensland, and are in storage, pending transport to the Isaac power station in Moranbah, according to a Monday Australian bourse filling.The company secured the GE units under a fixed price contract in June 2025.

ASX:QPM

Asia51d ago

Tuas Says Singapore Media Development Authority Suspends Review of Proposed Acquisition; Shares Hit Over Two-Year Low

Tuas (ASX:TUA) said the Infocomm Media Development Authority of Singapore paused the review of the proposed acquisition of Singaporean telecommunications firm M1 by its Simba Telecom subsidiary, according to a Monday filing with the Australian bourse.The decision comes as the authority learned that Simba may have been using radio frequency bands that it was not authorized to use, breaching the conditions of its facilities-based operations license and the Telecommunications Act, the filing said.Tuas shares fell 67% in morning trade on Monday and earlier hit their lowest since late 2023.

ASX:TUA

Asia51d ago

Japanese Shares Decline at Open as Oil Prices Surge on Iran Stalemate

Japanese equities opened lower on Monday as deadlocked negotiations over the Iran conflict drove oil prices higher and intensified a rout in global bond markets.The Nikkei 225 dropped 109.4 points, or 0.2%, to start the trading session at 61,299.87.Brent crude advanced to above $110 per barrel, amid a lack of progress in talks to restore passage through the strategic Strait of Hormuz and following U.S. President Donald Trump's warning that Iran faces a "ticking clock" to reach an agreement.Meanwhile, the White House announced that Beijing has committed to purchasing at least $17 billion in U.S. agricultural products each year through 2028 after Trump's two-day summit in China.Monday's Group of Seven meeting coincides with the anticipated swearing-in of Kevin Warsh, Trump's nominee, as the new chair of the U.S. Federal Reserve.

Nikkei 225

Asia51d ago

Viewtrix Technology Launches Up to HK$1.1 Billion Hong Kong IPO

Viewtrix Technology (HKG:3310) launched its Hong Kong initial public offering on Monday, seeking to raise about HK$1.10 billion from the deal.The Chinese AMOLED display driver integrated circuit designer is offering 52.9 million shares at HK$20.81 apiece, according to a Hong Kong bourse filing.The offering comprises 5.3 million shares for Hong Kong investors and 47.6 million shares for international investors, subject to reallocation and the overallotment option.The Hong Kong public offering closes on May 21, with allocation results due by May 26, ahead of the company's planned trading debut on May 27.Net proceeds will be used mainly to support the research and development and optimization of AMOLED TDDI chips, as well as Micro-OLED and Micro-LED display driver backplanes.The funds will also be used for strategic investments or acquisitions, and for working capital and general corporate purposes.China International Capital Corporation Hong Kong Securities, CLSA, and GF Securities (Hong Kong) Brokerage are acting as joint global coordinators, joint bookrunners, and joint lead managers.AVICT Global Asset Management and Webull Securities are also acting as joint bookrunners and joint lead managers.

HKG:3310

Asia51d ago

DroneShield No Longer Required to Lodge Quarterly Activity Reports, ASX Confirms

DroneShield (ASX:DRO) received confirmation from ASX that, effective immediately, it is no longer required to lodge quarterly activity reports and Appendix 4C quarterly cash flow reports, according to a Monday Australian bourse filing.It will now report in line with standard Australian Securities and Investments Commission and ASX reporting requirements, including half-year and full-year financial statements, per the filing.The company's shares fell past 1% in recent trading on Monday.

ASX:DRO

Asia51d ago

Auric Mining Says Gareth Solly Assumes CEO Role

Auric Mining (ASX:AWJ) said that Gareth Solly has officially started as chief executive, according to a Monday Australian bourse filing.Solly most recently served as the founding managing director of Black Cat Syndicate (ASX:BC8), the filing added.

ASX:AWJASX:BC8

Asia51d ago

GenusPlus Group Raises Fiscal 2026 Normalized EBITDA Guidance

GenusPlus Group (ASX:GNP) increased its fiscal 2026 normalized earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance to between AU$96 million and AU$100 million, up from previous guidance of about AU$91 million, according to a Monday Australian bourse filing.The company said the updated guidance represents growth of about 42% to 48% on normalized fiscal 2025 EBITDA of AU$67.4 million, with about AU$2 million to AU$3 million of the growth expected to come from the acquisition of Railtrain Holdings, which closed on April 1.Normalized earnings before interest and tax (EBIT) excluding acquisition amortization is expected to be between AU$76 million and AU$80 million, it added.

ASX:GNP

Asia51d ago

Asara Resources Appoints CFO

Asara Resources (ASX:AS1) appointed Aurelien Douyere as chief financial officer, effective Monday, according to a same-day filing with the Australian bourse.Douyere most recently served as the chief financial officer of Sahara Natural Resources, the filing added.

ASX:AS1

Asia51d ago

Market Chatter: Bain Capital Earmarks Half of $10.5 Billion Asia Fund to Japan

Bain Capital allocated half of the capital from its newly established $10.5 billion Asia-focused private equity fund to Japan, representing the firm's largest-ever regional fund, Nikkei Asia reported on Monday.The firm plans to use the new fund for major Japanese deals, including take-private transactions and divestitures of non-core operations, the news daily said.Bain's recent deals include the 510 billion yen acquisition of Tanabe Mitsubishi Pharma (now Tanabe Pharma) from Mitsubishi Chemical (TYO:4188) in July 2025, followed by the 810 billion yen purchase of Seven & i's (TYO:3382) supermarket and restaurant subsidiary York Holdings.By the end of 2025, Bain's global AUM reached 225 billion, with Japan the second-largest market after the U.S.(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:3382TYO:4188

Asia51d ago

Pro Medicus Unit Secures AU$90 Million Deal With Beth Israel Lahey Health; Shares Up 7%

Pro Medicus' (ASX:PME) US subsidiary Visage Imaging signed a seven-year, AU$90 million contract with Beth Israel Lahey Health to deploy its cloud-based Visage 7 platform across the health system, according to a Monday filing with the Australian bourse.The company will also complete the migration from Beth Israel Lahey Health's legacy picture archiving and communication system archives to the Visage 7 open archive and enable enterprise-wide distribution of imaging integrated with the organization's electronic health record, per the filing.The planning for the rollout will start immediately, following Visage's proven cloud-based implementation process, with go-live targeted for the first quarter of 2027, the filing added.The company's shares rose 7% in recent Monday trade.

ASX:PME

Asia51d ago

Market Chatter: Sumitomo Metal, Sojitz Build Southeast Asian Rare-Earth Supply Chains

Japanese firms are building Southeast Asian rare-earth supply chains to reduce China dependence, with Sumitomo Metal Mining (TYO:5713) using Philippine resources and Sojitz (TYO:2768) developing mines in Vietnam and Malaysia, Nikkei reported on Monday.During fiscal 2026, Sumitomo Metal Mining plans to boost its output of scandium--a rare-earth metal essential for fuel cell technology--by 20%, the publication said.The company will extract raw ore from a Philippine mine where it holds an interest, then process the material into finished products at its facility in Hyogo Prefecture, the news daily said.Incorporating scandium into fuel cells improves their durability and allows them to function at lower temperatures, and with global demand for the metal doubling in 2025, fuel cells are increasingly viewed as a key energy source for rapidly expanding AI data centers, 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.)

TYO:2768TYO:5713

Asia51d ago

Mayne Pharma Group to Expand Wholly-Owned Specialty Pharmacy in Kentucky

Mayne Pharma Group's (ASX:MYX) wholly-owned specialty pharmacy, Adelaide Apothecary, will relocate and expand its fulfillment operations to a new facility in Lexington, Kentucky, according to a Monday Australian bourse filing.The new facility represents around four times the area of its current premises, designed to support the next phase of growth for the Mayne Pharma's unit, DistributeRx, which launched operations in March.The company expects the new leased facility to require around $200,000 in initial manufacturing equipment with up to a $2 million in total investment to complete first phase of the expansion, per the filing. Additional capital expenditures on the second phase of the expansion relating to automated conveyance and fulfillmentinfrastructure is expected to be up to $2 million.The expansion will increase the annual capacity over the two planned phases to over 2.5 million prescriptions per year, the filing said.The company's shares were down 2% in recent Monday trade.

ASX:MYX

Asia51d ago

Brazilian Rare Earths to Demerge Brazil Project as Alurion Resources

Brazilian Rare Earths (ASX:BRE) said it intends to demerge its Amargosa bauxite-gallium project in Brazil into a newly formed ASX-listed company, Alurion Resources, with eligible shareholders to receive 0.5607 Alurion shares for each Brazilian Rare Earth share held at the in-specie record date, according to a Monday Australian bourse filing.The company said Alurion also intends to undertake an initial public offering to raise between AU$30 million and AU$50 million, including a pro-rata priority offer and first-right top-up offer open to eligible shareholders, as well as broker firm and institutional offers of remaining shares.The proposed demerger is designed to establish Alurion as a dedicated bauxite and critical minerals development company with its own board, management team, and capital structure, while enabling Brazilian Rare Earths to remain focused on advancing its rare earth and critical minerals portfolio, it added.

ASX:BRE

Asia51d ago

Abacus Group Sells Abacus Storage King Responsible Entity for AU$24 Million

Abacus Group (ASX:ABG) said it has entered into binding transaction documentation to sell 100% of the shares in Abacus Storage Funds Management Limited (ASFML), the responsible entity of Abacus Storage King (ASX:ASK), as part of ASK's plan to internalize its management functions, according to a Monday Australian bourse filing.The company said ABG will receive a headline price of AU$19 million plus about AU$5 million representing the net assets of the target companies, with the internalization expected to be implemented on June 30.The internalization will involve the termination of existing management agreements with Abacus Storage King, the sale of ASFML to Abacus Storage King, and the transfer of key employees, with net proceeds to be used to repay Abacus Group's debt.Abacus Group's Nominee Director, Steven Sewell, will step down as managing director of Abacus Storage King on implementation, with Nikki Lawson appointed as chief executive officer, joining the Abacus Storage King's board the day after implementation, the filing added.Following the internalization, Abacus Group will cease collecting investment and development management fees from Abacus Storage King, offset by annualized cost savings of about AU$8.4 million.Abacus Storage King has reaffirmed full fiscal year 2026 distribution guidance of AU$0.085 per security.

ASX:ABGASX:ASK

Asia51d ago

GR Engineering Services Named Preferred Contractor by Ora Banda Mining for Western Australia Expansion Project

GR Engineering Services (ASX:GNG) was appointed as the preferred contractor by Ora Banda Mining (ASX:OBM) for the engineering, procurement, and construction works for a 3-million-tonnes-per-annum process plant as part of the Davyhurst expansion project in Western Australia, according to a Monday Australian bourse filing.The estimated contract value is AU$233 million, and an early works agreement has been executed, the filing said.The company's shares were down nearly 1% in recent Monday trade, while Ora Banda Mining's shares were up about 2%.

ASX:GNGASX:OBM

Asia51d ago

Karoon Energy Resumes Production at Brazil Project After Planned Maintenance Shutdown

Karoon Energy (ASX:KAR) said its Baúna project in Brazil resumed production on May 13, following a 28-day facilities shutdown for planned maintenance in conjunction with the flotel-supported maintenanceand revitalization campaign, according to a Monday Australian bourse filing.The maintenance work included the replacement of several sections of piping, including the production header system, upgrading critical systems, and replacing parts of structural elements and fittings.The project is currently producing at a rate of around 11,500 barrels of oil per day, before the resumption of natural decline. An additional 9,000 barrels of oil per day to 10,000 barrels of oil per day is expected to be brought back online around mid-year, subject to the successful replacement of an electric submersible pump in SPS-92, as well as the recovery and reconnection of the PRA-2 umbilical.

ASX:KAR

Asia51d ago

Ora Banda Mining Reports Resource Increase at Western Australia Projects

Ora Banda Mining (ASX:OBM) declared an updated mineral resource estimate for its Waihi deposit and Round Dam trend in Western Australia, representing an increase of 1.5 million ounces from July 1, 2025, according to a Monday Australian bourse filing.The company said the total mineral resource estimate stands at 54.8 million tonnes at 2 grams per tonne gold for 3.6 million ounces, with the Round Dam open pit resource increasing 964% to 1.3 million ounces and the Waihi open pit and underground resource increasing 114% to 482,000 ounces.The total ore reserve estimate increased 136% to 7.8 million tonnes at 2.2 grams per tonne gold for 555,000 ounces, with cut-off grades based on gold price assumptions of AU$2,500 per ounce for the Waihi underground ore reserve and AU$3,600 per ounce for Round Dam high-grade material, the company said.Recent drilling at Round Dam is pending assay results and has not been included in the current estimates, with results expected to be incorporated in the annual resources and reserves update for Round Dam, Riverina, and Sand King scheduled for the fourth quarter of fiscal 2026, it added.

ASX:OBM

Asia51d ago

ASX Preview: Australian Shares Set to Fall on Escalating Middle East Conflict Fears; Elders Posts Lower Fiscal H1 Underlying Earnings, Higher Revenue

Australian shares are poised to fall on Monday as heightened Middle East tensions, including reported drone strikes near a nuclear facility in the United Arab Emirates and US-Iran warnings over escalation, raise fears of disruption to Gulf energy infrastructure and the Strait of Hormuz, pushing oil prices higher.In the macroeconomy, the Reserve Bank of Australia's final report on Project Acacia is due at 11:30 am Sydney time.In corporate news, Elders (ASX:ELD) reported Monday fiscal first-half underlying earnings of AU$0.181 per share on revenue of AU$1.77 billion, compared with underlying earnings of AU$0.188 on revenue of AU$1.34 billion a year earlier.ALS (ASX:ALQ) reported Monday fiscal year 2026 underlying earnings of AU$0.753 per share on revenue of AU$3.32 billion, compared with underlying earnings of AU$0.621 on revenue of AU$3 billion a year earlier.Australia's benchmark index fell 0.1% or 9.9 points to close at 8,630.80 on May 15.

ASX 200ASX:ALQASX:ELD

Asia51d ago

Nippon Paint's Profit Jumps 44% in Q1

Nippon Paint's (TYO:4612) profit attributable to owners of the parent jumped 44% to 51.52 billion yen for the first quarter from 35.70 billion yen a year earlier.The chemical manufacturer's earnings per share increased to 22.18 yen from 15.20 yen a year ago, according to a Tokyo bourse filing on Friday.Revenue climbed 21% to 490.28 billion yen for the three months ended March 31 from 405.72 billion yen in the prior year.For the fiscal year ending Dec. 31, the company expects attributable profit of 198.00 billion yen, EPS of 85.34 yen, and revenue of 1.920 trillion yen.Nippon Paint plans to pay interim and year-end dividends of 8.00 yen and 9 yen per share, respectively, for the year.

TYO:4612

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