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Unity Group Unit Secures Energy Retrofit Project With Malaysian Retailer MYDIN

Unity Group's (HKG:1539) Malaysian unit secured a nationwide energy efficiency project with retailer MYDIN, according to a Tuesday Hong Kong bourse filing.Shares of the energy-services provider were up over 1% in Wednesday morning trade.Synergy ESCO (Malaysia) entered into an energy performance contract to upgrade about 210,000 lighting units across 21 MYDIN mall outlets in Malaysia.MYDIN operates 74 retail and wholesale outlets across Malaysia, according to the filing.

HKG:1539

Asia54d ago

ANTA Sports Cuts Convertible Bond Conversion Price After Dividend Approval

ANTA Sports Products (HKG:2020) will adjust the conversion price of its 1.5 billion euros zero-coupon guaranteed convertible bonds due in 2029 to HK$99.80 from HK$101.13 following shareholder approval of a final dividend, according to a Tuesday Hong Kong bourse filing.Shares of the Chinese sportswear group were down nearly 1% in Wednesday morning trade.The adjustment will take effect on May 19.ANTA declared a final dividend of HK$1.08 per share for 2025, with shareholders on record as of May 18 eligible for the payout.Assuming full conversion of the bonds following the adjustment, the bonds will be convertible into about 122.6 million shares, representing about 4.38% of the company's issued share capital.

HKG:2020

Asia54d ago

Huaguang Environment & Energy Associate Submits Hong Kong Listing Application; Shares Up 10%

Wuxi Huaguang Environment & Energy's (SHA:600475) associate, Guolian Green Technology (Wuxi), submitted an application to list and offer shares on the Hong Kong Stock Exchange, according to a Shanghai bourse filing on Wednesday.Guolian Green Tech is a provider of full-cycle smart energy management systems.The Chinese environmental protection services provider's shares jumped 10% during the morning trade.

SHA:600475

Asia54d ago

Yum China Plans $512 Million Share Buybacks in US, Hong Kong

Yum China (HKG:9987) entered into share repurchase agreements for about $512 million of buybacks in the second half of 2026, according to a Tuesday Hong Kong bourse filing.Shares of the restaurant operator were up over 1% in Wednesday morning trade.The company will buy back about $384 million worth of shares in the U.S. and nearly HK$1 billion in Hong Kong.The buybacks are part of a broader plan to return $1.5 billion to shareholders through dividends and share repurchases in 2026.Repurchase programs are expected to begin on July 1 and continue through Dec. 31, unless completed earlier.

HKG:9987

Asia54d ago

Aquirian Expected to Have Balance Sheet Flexibility to Advance Drillforce Unit, Euroz Hartleys Says

Aquirian (ASX:AQN) is expected to have the balance sheet flexibility to advance the ramp-up of its Drillforce subsidiary, increasing the likelihood of future upgrades, Euroz Hartleys said in a Tuesday note.The company recently raised AU$8 million through the placement of about 19.9 million shares at AU$0.40 apiece, with proceeds to be used in the inventory build of automated Collar Keeper Systems and critical spares, Drillforce working capital management, and debt restructuring.Ongoing conversion of the opportunity pipeline is expected to drive earnings upgrades, aligning earnings multiples more closely with peers, the investment advisory firm said.Euroz Hartleys reaffirmed its buy recommendation on Aquirian and raised its price target to AU$0.80 from AU$0.75.

ASX:AQN

Asia54d ago

Market Chatter: Investors Look Beyond Trade Tensions at Trump-Xi Summit

Investors are betting that trade disputes will take a back seat when U.S. President Donald Trump meets Chinese President Xi Jinping in Beijing, Reuters reported Tuesday.Instead, investors are focused on artificial intelligence and possible easing of U.S. chip export curbs, according to the report.China's yuan has climbed to a three-year high, while the Shanghai Composite has reached an 11-year peak amid AI-driven export growth, Reuters wrote.Fund managers remain optimistic despite concerns over Iran, Taiwan and rare earths. Investors are closely watching whether Washington will allow more advanced NVIDIA chips into China, viewing AI development as the market's primary driver, Reuters cited Zeng Wanping, manager at Beijing Monolith Fund.(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

Asia54d ago

SKC to Raise KRW1.167 Trillion via Shares Issuance; Shares Decline 3%

SK Group's chemical and materials unit SKC (KRX:011790) plans to issue 11.7 million new shares, valued at 1.167 trillion won, according to a filing with the Korea Exchange on Wednesday.The shares will be issued at 99,500 won apiece, the filing said.A portion of the proceeds will be used to secure customer certification for glass substrates and establish a mass production system. SKC will also use the funds to repay borrowings.Shares of the company fell over 3% in recent trade.

KRX:011790

Asia54d ago

Powerlong Real Estate Creditors Approve Debt Restructuring Scheme; Shares Up 4%

Powerlong Real Estate (HKG:1238) secured creditor approval for its proposed debt restructuring scheme at a scheme meeting, according to a Tuesday Hong Kong bourse filing.Shares of the Chinese property developer were up nearly 4% in Wednesday morning trade.A total of 445 scheme creditors holding claims worth about $2.9 billion voted in favor of the proposal, representing about 89.5% of the value of voting claims at the meeting.Powerlong Real Estate will next seek court sanction for the scheme at a hearing scheduled for June 17 in Hong Kong.

HKG:1238

Asia54d ago

Perenti's Sustainable Cash Generation Strategy Supported by Reward of Bellevue Gold Contract, Euroz Hartleys Says

Perenti's (ASX:PRN) existing strategy, centred on sustainable cash generation, disciplined growth, and increasing exposure to high-quality underground mining opportunities, is supported by the reward of a Bellevue Gold (ASX:BGL) contract, Euroz Hartleys said in a note on Wednesday.The firm's underground mining business, Barminco, was awarded an around AU$850 million, four-year underground mining contract at the Bellevue gold project in Western Australia.This represents a meaningful addition to Barminco's Australian underground mining portfolio and further reinforces Perenti's position as a leading underground mining contractor, translating to annualized revenue of around AU$210 million.The investment firm retained its buy rating on Perenti and a price target of AU$2.92 per share.

ASX:BGLASX:PRN

Asia54d ago

Market Chatter: Trump Shuns China's Help on Iran Ahead of High-Stakes Beijing Summit

US President Donald Trump said he does not need China's help to settle the conflict with Iran, Reuters reported Tuesday."I don't think we need any help with Iran. We'll win it one way or the other, peacefully or otherwise," the president reportedly said.The conflict has led to the closure of the Strait of Hormuz, causing global disruptions to oil supplies and pricing.Iran has appeared to strengthen its hold on the Strait by canceling oil and LNG delivery contracts with Iraq and Pakistan, prompting other countries to seek alternative agreements, sources told Reuters.Trump is expected to discuss the Iran war with Chinese President Xi Jinping during his visit to Beijing this week."We have a lot of things to discuss. I wouldn't say Iran is one of them, to be honest with you, because we have Iran very much under control," Trump told reporters, as per the Associated Press.(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

Asia54d ago

Market Chatter: Nvidia CEO Joins Trump's Delegation to China in Last-Minute Decision

Jensen Huang, Nvidia's chief executive officer, joined U.S. President Donald Trump in his trip to China, according to a Wednesday report on Bloomberg News.Huang was previously reported as not being part of the US delegates to the trip, which included SpaceX and Tesla's Elon Musk, Apple's Tim Cook, Boeing's Kelly Ortberg and Meta's Dina Powell McCormick.The White House confirmed in an email the inclusion of Musk, Cook, Ortberg and McCormick, but did not mention Huang as being part of the US delegation.Huang was seen boarding Air Force One in an Alaskan stopover, according to the media outlet.White House spokesman Steven Cheung told Bloomberg there were changes in Huang's schedule, 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.)

Shanghai Composite^SZSE

Asia54d ago

HD Korea Shipbuilding Secures KRW748.5 Billion Order for Two LNG Carriers

HD Korea Shipbuilding & Offshore Engineering (KRX:009540) secured an order for two liquefied natural gas carriers from a North American shipowner.The deal is valued at 748.5 billion won. The shipbuilder will deliver the vessels by July 23, 2029, according to a Wednesday filing with the Korean Exchange.Shares of HD Korea Shipbuilding fell nearly 1% in recent trade.

KRX:009540

Asia54d ago

Smartgroup Appoints Simon Haidar Chief Customer Officer

Smartgroup (ASX:SIQ) appointed Simon Haidar as chief customer officer, succeeding Bianca Bates, who is moving to a different organization, according to a Wednesday statement.Haidar is joining the company from McMillan Shakespeare (ASX:MMS), where he served in senior leadership roles across sales, product, novated leasing and customer growth.Smartgroup's shares fell nearly 1% in recent Wednesday trade, while McMillan Shakespeare's shares were down almost 4%.

ASX:MMSASX:SIQ

Asia54d ago

Marimaca Copper Reports Wider Q1 Loss

Marimaca Copper (ASX:MC2) reported Wednesday a first-quarter loss of $0.07 per share, widening from a loss of $0.02 a year earlier.Analysts polled by FactSet expected a loss of $0.02.The company did not report any revenue for the three months ended March 31.

ASX:MC2

Asia54d ago

Green Tea Group's Controlling Shareholders Extend Lock-Up Undertaking

Green Tea Group (HKG:6831) controlling shareholders voluntarily extended their lock-up undertaking for another six months through Nov. 12, according to a Tuesday Hong Kong bourse filing.Shares of the casual Chinese restaurant operator were up nearly 2% in Wednesday morning trade.The extension covers 365.6 million shares, representing about 54.29% of the issued share capital.The company's original post-initial public offering lock-up period is due to expire on May 15.

HKG:6831

Asia54d ago

Market Chatter: US CEOs Join Trump for China Summit in Market Access Push

A delegation of prominent U.S. executives, including leaders from Meta, Tesla, BlackRock, Illumina, Mastercard and Visa, will accompany Donald Trump during his May 14 to May 15 summit with Chinese President Xi Jinping in Beijing, Reuters reported Tuesday.Unlike Trump's 2017 visit centered on large trade agreements, sources familiar with the matter said this year's delegation is focused on resolving regulatory and supply-chain issues in China, according to the report.Companies are seeking approvals, investment access and eased restrictions as tensions persist between the world's two largest economies, with the executives hoping the meeting will advance long-running business negotiations and improve commercial ties, 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

Asia54d ago

Bhagwan Marine Disappoints Market With Core Business Earnings Miss, Euroz Hartleys Says

Bhagwan Marine (ASX:BWN) disappointed the market with a core business earnings miss after an earlier equity raise to purchase Riverside Marine, which adds earnings quality, margin, and visibility, Euroz Hartleys said in a note on Wednesday.Investors are now cautious about the ability of Bhagwan to deliver consistent earnings in the context of marine infrastructure, defense, decommissioning, and port volumes.Euroz Hartleys pulled 2027 combined business earnings before interest, taxes, depreciation, and amortization (EBITDA) back to AU$66 million.The investment firm retained its buy rating on Bhagwan Marine, while the price target was reduced to AU$0.53 per share from AU$0.87 per share.

ASX:BWN

Asia54d ago

HSBC to Issue Senior Unsecured Bonds in Europe, US

HSBC (HKG:0005) issued senior unsecured notes under its debt issuance program and an amended indenture agreement, according to Tuesday's London Stock Exchange filings.The euro-denominated issuance includes 1.25 billion euros of 4.086% fixed-to-floating rate notes due 2036, 1.25 billion euros of 3.553% fixed-to-floating rate notes due 2031, and 1 billion euros of floating rate notes due 2029.The U.S. dollar issuance comprises $2.25 billion of 4.711% fixed-to-floating rate senior unsecured notes due 2030 and $2.25 billion of 5.208% fixed-to-floating rate senior unsecured notes due 2034.The euro notes were admitted to trading on the main market of the London Stock Exchange on Tueday, while the U.S. dollar notes will be listed on the New York Stock Exchange.

HKG:0005

Asia54d ago

Berger Paints India's Consolidated Profit Rises in Fiscal Q4

Berger Paints India's (NSE:BERGEPAINT, BOM:509480) consolidated attributable profit rose to 3.35 billion Indian rupees in the fiscal fourth quarter ended March 31, from 2.62 billion rupees a year ago.Earnings per share climbed to 2.87 rupees from 2.25 rupees a year earlier, the paints manufacturer said in a filing to the Indian stock exchanges. The EPS was higher than the 2.52 rupees estimated by analysts polled by Visible Alpha.Revenue from operations in fiscal Q4 also increased to 28.7 billion rupees from 27.0 billion rupees a year ago.The company's board recommended a dividend of 4.00 rupees per equity share of the face value of 1 rupee each, fully paid-up for the financial year 2025-26.

BOM:509480NSE:BERGEPAINT

Asia54d ago

Healius Issues Fiscal Year 2026 Guidance Amid Pathology Pressures; Explores Sale of Agilex Biolabs; Shares Drop 21%

Healius (ASX:HLS) said its pathology volumes grew 1.2% and revenue 3.5% in the fiscal first half, but volumes declined by 0.4% and revenue growth came in at a slower 2.4% for the 10 months to April, according to a Wednesday filing with the Australian bourse.The company now expects fiscal year underlying earnings before interest and tax of between AU$30 million and AU$35 million, per the filing.Healius' pathology labor costs will be impacted by AU$1.8 million in the fiscal fourth quarter due to the Fair Work Commission's initial findings on gender-based undervaluation. These costs increased 0.8% in the 10 months to April, compared with previous guidance of broadly flat levels for the fiscal year, the company said.It added that Australia's federal budget contains no new funding for pathology, a sector that is already under pressure and operating under an indexation freeze for most tests. The company has cut staff and closed collection centers and regional laboratories due to insufficient funding.Additionally, Healius has engaged UBS Securities Australia to help explore a potential sale of Agilex Biolabs, which operates as a standalone business within Healius. The strategic review follows "several unsolicited approaches from credible parties," the company said.Healius shares fell 21% in recent Wednesday trade and earlier hit an all-time low.

ASX:HLS

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