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GAC Group Shares Remain Suspended Amid Major Asset Restructuring

Guangzhou Automobile Group (SHA:601238, HKG:2238), or GAC, said its A-shares will remain suspended from trading as it plans to acquire part of a complete vehicle joint venture held by FAW Group.The transaction is expected to make FAW Group GAC's second-largest strategic shareholder and constitutes a major asset restructuring and related-party transaction, according to a weekend filing with the Shanghai bourse.GAC's A-shares have been halted since Sept. 14, initially for no more than 10 trading days.

HKG:2238SHA:601238

Asia3d ago

New World Development Gets Shanghai Bourse OK to List REIT

New World Development (HKG:0017) has received approval from the Shanghai Stock Exchange to spin off and publicly list its REIT, thereby relinquishing its controlling interest in Shanghai New World Huaihai Property Development, the owner of Shanghai Hong Kong New World Tower, according to a Sunday bourse filing.If the transaction goes ahead, the company will subscribe to 20% of the REIT units offered during the IPO for 764 million yuan, and external investors will subscribe to the remaining units for 3.1 billion yuan.The company's shares were last up nearly 2% on the HKEX by midday Monday.

HKG:0017

Asia3d ago

ES Sunlogy's Unit Secures Nearly MYR16 Million Electrical Services Contract; Shares Jump 6%

ES Sunlogy Bhd's (KLSE:SUNLOGY) wholly‑owned unit Savelite Engineering accepted a letter of appointment for a 15.6 million ringgit subcontract, according to a Friday Bursa Malaysia filing.The company's shares were up over 6% in Monday's trade.The subcontract, awarded by JY Consult on behalf of Parkland Southern, covers supply, delivery, installation, testing, commissioning and maintenance of phase‑2 electrical services for apartment blocks in Pasir Gudang, Johor.Savelite will handle electrical, telephone, and extra-low-voltage services, including obtaining operational approvals from relevant authorities, in line with the main contractor's program.

KLSE:SUNLOGY

Asia3d ago

LG Innotek Launches AI Parts Proposal System

LG Innotek (KRX:011070) has created an AI system for finding the best parts to use in new products, according to a Sunday release.The system analyzes about 2 million data on internal and external parts with AI and compares specifications and prices of each part.One of the system's features is the AI-based "reference price" calculation function, which shows the current price range by assessing the actual purchase history and price fluctuations of parts with similar specifications.With the system, the estimated price calculation time declines by 70%.The electronic components manufacturer recently applied the system in full scale to all business units following more than two years of development.Shares of the company fell more than 2% in recent Monday trade.

KRX:011070

Asia3d ago

SC Asset Sets Up New Unit

SC Asset (SET:SC) has established a new subsidiary, SC CD7, according to a Friday filing with the Thailand Exchange.The real estate developer has a 99.99% stake in the new unit which will conduct real estate development business.

SET:SC

Asia3d ago

Synnex Technology International's Unit Disposes of Stake in TD Synnex

Synnex Technology International's (TPE:2347) subsidiary, Peer Development, disposed of 397,895 shares in TD Synnex for $104.6 million, according to a Friday filing with the Taiwan Exchange.The technology distributor's unit disposed of the shares at an average price of $262.8 per share to boost working capital.

TPE:2347

Asia3d ago

Boustead Singapore's Overseas Business Unit Hit By Cybersecurity Incident

Boustead Singapore's (SGX:F9D) overseas business unit was recently hit by a cybersecurity incident, according to a Friday filing.The unit activated business continuity procedures, engaged external cyber incident response specialists and implemented containment measures, including shutting down and isolating affected systems.The company said the unit's critical systems and business data have been fully recovered from backups, with no material disruption to its business.Boustead Singapore will conduct an independent cybersecurity review to strengthen its cybersecurity program.

SGX:F9D

Asia3d ago

Brooker's CFO Steps Down, Successor Named; Shares Jump 4%

Brooker Group's (SET:BTC) Chief Financial Officer Supanee Phongsuparbchon and Chief Accountant Orawan Sirichaiya will leave their respective positions effective Sept. 30, according to a Friday filing with the Thailand bourse.Shares of the financial consulting firm went up nearly 4% in Monday's morning trade.Orawan Sirichaiya will become CFO, effective Oct. 1, while Woraporn Saensawat will be appointed chief accountant on the same date.

SET:BTC

Asia3d ago

YTO Express' Revenue Rises 8% in August

YTO Express' (SHA:600233) revenue for express deliveries in August rose 7.95% year on year to 5.82 billion yuan, according to a Shanghai bourse filing on Saturday.The Chinese logistics company's shares rose 1% during Monday's morning trade.The number of delivered parcels jumped 13% from a year earlier to 2.84 billion parcels.The average revenue per parcel fell 4.4% year on year to 2.05 yuan.

SHA:600233

Asia3d ago

Vietnam Joins FTSE Russell Emerging-Market Index

FTSE Russell has officially reclassified Vietnamese equities from "Frontier" to "Secondary Emerging" market status, with effect from Monday, which could attract more international capital into the Asian nation, according to local media reports.In a report released in April, FTSE Russell has structured the upgrade across four phases spanning 12 months, wherein Vietnamese stocks will be included in global indices at a 10% investability weighting starting Monday, rising to 30% in March 2027, 65% in June 2027, and reaching the full 100% by September 2027.Reports said that, in the initial phase, around $240 million is estimated to flow into 27 Vietnamese stocks.

^HNX^HOSE

Asia3d ago

Xiamen Tungsten Declares H1 Dividend

Xiamen Tungsten (SHA:600549) will distribute an interim dividend of 0.42 yuan per share, according to a Saturday filing with the Shanghai bourse.The tungsten company will pay a total of 666.8 million yuan in dividends, to be distributed Sept. 28 to shareholders on record as of Sept. 24.

SHA:600549

Asia3d ago

Market Chatter: SoftBank Launches $11 Billion Bond Sale to Fund OpenAI Investment

SoftBank Group (TYO:9984) has launched $10 billion and 1 billion euros in senior unsecured notes to fund its investment in OpenAI, Reuters reported Monday, citing a term sheet.The dollar-denominated tranches mature in 3.5, 5.5, and 7.5 years, while the euro portions mature in four and six years, the newswire said.The proceeds will finance SoftBank's $10 billion payment for the third tranche of its OpenAI follow-on investment, expected to close on Oct. 1, while the remaining funds will be used for general corporate purposes, the report said.SoftBank Group 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.)

TYO:9984

Asia3d ago

Shenzhen Transsion's Hong Kong Listing Application Under Review; Shares Up 4%

Shenzhen Transsion (SHA:688036) said the Hong Kong Exchange is reviewing its application for listing on the Main Board.The listing is pending final approval from the Hong Kong bourse, the city's Securities and Futures Commission, and other regulators, according to a weekend filing with the Shanghai bourse.Shares of the mobile phone maker rose 4% in recent trade.

SHA:688036

Asia3d ago

China Approves Shanghai Rural Commercial Bank's Absorption of Peer

Shanghai Rural Commercial Bank (SHA:601825) received approval from China's National Financial Regulatory Administration to absorb Shanghai Chongming Rural Commercial Bank, according to a Saturday filing with the Shanghai bourse.The listed commercial bank will absorb Chongming RCB's assets, liabilities, institutions, businesses, employees, and other rights and obligations and will dissolve Chongming, according to the filing.

SHA:601825

Asia3d ago

Shengyi Electronics Raises 2.52 Billion Yuan From Share Placement

Shengyi Electronics (SHA:688183) raised net funds worth 2.52 billion yuan from a share placement, according to a Shanghai bourse filing over the weekend.The Chinese printed circuit board maker's shares slipped 1% during Monday's morning trade.The company placed 22,669,833 shares to six investors for 111.58 yuan per share.

SHA:688183

Asia3d ago

Thai Rayon Associate to Temporarily Pause Pulp Operations in Nackawic, Canada

Thai Rayon's (SET:TR) associate, AV Group NB will temporarily idle its pulp operations facility in Nackawic, New Brunswick, Canada, around the end of October, according to a Friday filing.The facility has an annual production capacity of around 190,000 tons of dissolving-grade pulp.The decision follows continuing challenges from prevailing market conditions and broader macroeconomic factors, while AV Group will continue to monitor market and business conditions.The company's other pulp mill in Atholville, Canada, is not affected by the decision, it said.

SET:TR

Asia3d ago

D-Link Reports Cybersecurity Incident

D-Link (TPE:2332) reported abnormal login activities affecting its website services, according to a Friday Taiwan Exchange filing.The networking equipment maker said investigations revealed external attackers attempting large-scale logins through the existing login mechanism.No further suspicious logins were detected, and all services are operating normally. The company said it will enhance website authentication, access control and abnormal activity detection.

TPE:2332

Asia3d ago

Ni Hsin Units Appoint Ape Ventures (Labuan) as Exclusive Corporate Agent for Turkey, Middle East

Ni Hsin's (KLSE:NIHSIN) subsidiaries signed separate corporate agent agreements with Apex Ventures (Labuan) to appoint the latter as an exclusive corporate agent for the promotion, marketing, sale and distribution of their products in Turkey and the Middle East.Under the agreements, Apex will conduct promotional and marketing campaigns, the companies said in a Bursa Malaysia filing on Friday.The subsidiaries will also pay Apex a monthly incentive based on sales. The agreements run for three years with a one‑year extension option.

KLSE:NIHSIN

Asia3d ago

Shinhan Financial Expands Vingroup Partnership from Auto Finance to Capital Markets

Shinhan Financial (KRX:055550) and Vingroup (HOSE:VIC) have agreed to pursue capital market opportunities through Shinhan Investment & Securities Vietnam and to scale up banking and finance services for growing VinFast electric vehicle demand, according to a statement on Monday.The new collaboration builds on their auto finance partnership, with Shinhan Vietnam Bank providing $100 million in cumulative auto loans to VinFast vehicle buyers since 2024.Meanwhile, Shinhan Vietnam Finance offered 15 billion won in motorcycle installment financing in the first half of this year alone.Additionally, Shinhan Investment & Securities Vietnam is serving as sole arranger for Vingroup's first Arirang Bond issuance, targeting domestic institutional investors for a fourth-quarter launch.The securities unit also plans to act as co-lead underwriter for the domestic bond issuance and make a direct investment of 40 billion won.Separately, Shinhan held its Vietnam demo day for domestic startups and signed an agreement with the Korea Credit Guarantee Fund to support overseas-bound companies.

HOSE:VICKRX:055550

Asia3d ago

Evocom's IPO Gets Oversusbcribed 3.6 Times

Evocom's (KLSE:EVOCOM) initial public offering drew an overall oversubscription rate of 3.60x, according to a Friday filing.The logistics and workforce services company received 6,326 applications for 104.7 million shares from the Malaysian public. The IPO comprises 113.9 million new shares and an offer for sale of 22 million existing shares at 0.18 ringgit per share.Meanwhile, 34.2 million new shares and 22 million offer shares were fully placed with selected investors, while 57 million new shares were fully placed with selected Bumiputera investors.

KLSE:EVOCOM

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