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Shandong Link Science and Technology Begins Trial Production of Nano-Carbon Line

Shandong Link Science and Technology (SHE:001207) started trial production at Line 7 of its 100,000-ton nano-carbon material project for high-voltage cable shielding compounds.The 25,000-ton-per-year line is part of a 50,000-ton Phase II expansion, according to a Tuesday filing with the Shenzhen bourse.Shares of the chemical products manufacturer rose 2% in recent trade.

SHE:001207

Asia54d ago

H.G. Infra Engineering Clinches Order Worth INR39.3 Billion from Welspun Enterprises

H.G. Infra Engineering (NSE:HGINFRA, BOM:541019) has secured an order worth 39.3 billion Indian rupees from Welspun Enterprises (NSE:WELENT, BOM:532553), according to a Monday filing to the Indian stock exchanges.Shares of H.G. Infra Engineering were up nearly 2% in Tuesday's trade.The contract is for the construction of a six-lane highway corridor along with the improvement of the existing road in the Pune to Shirur section of National Highway-753F in Maharashtra, India.The project is expected to be completed in 36 months.

BOM:532553BOM:541019NSE:HGINFRANSE:WELENT

Asia54d ago

Market Chatter: IFM Threatens to Scrap AU$3 Billion Sustainable Aviation Fuel Project

Australian investment company IFM Investors has threatened to scrap a proposed AU$3 billion sustainable aviation fuel project in Australia, unless the Australian government mandates airlines use the product, according to a Tuesday Bloomberg report, citing IFM's Global Head of Infrastructure Asset Management, Danny Elia.Elia said that IFM needs to see some finalization of Australia's policy framework on the subject as well as a demand-side mandate, the report added.IFM is working on the project under a memorandum of understanding with Ampol (ASX:AMP) and GrainCorp (ASX:GNC).Virgin Australia (ASX:VGN) and Qantas Airways (ASX:QAN) did not immediately respond to anemail 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.)

ASX:AMPASX:GNCASX:QANASX:VGN

Asia54d ago

ACME Solar Commissions Additional Battery Storage Capacity in Rajasthan

ACME Solar Holdings (NSE:ACMESOLAR, BOM:544283), through its subsidiaries ACME Sun Power and ACME Surya Power, commissioned additional battery energy storage system capacity in Rajasthan, India, on May 11, according to two separate filings on Monday.Shares of the company fell nearly 1% in Tuesday's trade.ACME Sun Power commissioned 33.333 MW/160.484 MWh capacity at Phalodi and Jodhpur, while ACME Surya Power commissioned 35.715 MW/160.512 MWh capacity at Bikaner, the filings said.Commercial operations for both projects will commence on May 13, it added.

BOM:544283NSE:ACMESOLAR

Asia54d ago

Comet Ridge Says Australian Government's Domestic Gas Reservation Policy Has No Direct Impact on Mahalo Assets, Shares Fall 3%

Comet Ridge (ASX:COI) said the Australian government's policy of domestic gas reservation from liquefied natural gas (LNG) exporters, due to begin on July 1, 2027, has no direct policy impact on the firm but may influence markets in which it operates, according to a Tuesday Australian bourse filing.It expects a "significant amount of consultation" to occur between gas producers and the government departments until the implementation of the policy. Comet Ridge believes that the government wants more supply in the market and may introduce a scheme that incentivizes new production from projects like Mahalo.Comet Ridge noted that a significant proportion of its total natural gas reserves and resources are in the Mahalo block petroleum leases, PLs 1082 & 1083, and the potential commercial areas, PCAs 302 to 304, in the Mahalo gas hub, which have no domestic gas requirements.Its shares fell 3% in recent trading on Tuesday.

ASX:COI

Asia54d ago

NHN Returns to Profit in Q1; Shares Decline 4%

NHN (KRX:181710) posted first-quarter net income of 23.6 billion won, returning from a net loss of 3.75 billion won a year earlier, according to a Tuesday filing with the Korea Exchange.The South Korean IT company's sales rose 12% to 671.4 billion won from 600.1 billion won.Shares of NHN fell nearly 4% in recent trade.

KRX:181710

Asia54d ago

One MobiKwik Systems Swings to Profit in Fiscal Q4; Shares Down 3%

One MobiKwik Systems (NSE:MOBIKWIK, BOM:544305) swung to profit in the fiscal fourth quarter ended March 31 to 43.8 million Indian rupees from a loss of 560.4 million rupees a year ago.Earnings per share came in at 0.56 rupees from a loss of 8.88 rupees a year earlier, the digital payments company said in a filing to the Indian stock exchanges on Tuesday.Revenue from operations in fiscal Q4 rose to 2.89 billion rupees from 2.68 billion rupees a year ago.The company's shares were down over 3% in recent trade.

BOM:544305NSE:MOBIKWIK

Asia54d ago

CSG Smart Science & Technology Acquires 70% Stake in Yuanguang Electric for 151 Million Yuan; Shares Down 3%

CSG Smart Science & Technology (SHE:300222) agreed to acquire a 70% stake in Zhejiang Jiangshan Yuanguang Electric for 151.2 million yuan.The amount is based on a valuation of 216 million yuan for 100% equity, with the deal valuing the transformer manufacturer at a 24.49% premium over its 172.7-million-yuan book value.The company is engaged in industrial automation business and electric power automation business. Its shares were down 3% in recent trade.

SHE:300222

Asia54d ago

EI Power's IPO Gets Oversubscribed By Nearly 31 Times Ahead of ACE Market Debut

EI Power's (KLSE:EIPOWER) initial public offering (IPO) for listing on the ACE Market of Bursa Malaysia was oversubscribed by 30.77 times by the Malaysian public, according to a Monday Malaysian bourse filing.The company received 21,490 applications for 1.11 billion shares worth 533.7 million ringgit, for the 35 million shares allocated to the public. The Bumiputera portion was oversubscribed by 15.79 times, while the public portion saw an oversubscription rate of 45.75 times.EI Power also said the 17.5 million shares allocated to eligible persons were fully subscribed, while the restricted offering to entitled shareholders of OCK Group (KLSE:OCK) was oversubscribed by 2.2 times.Meanwhile, shares allocated to Bumiputera investors approved by MITI and selected investors under the private placement exercise were fully placed out.

KLSE:EIPOWERKLSE:OCK

Asia54d ago

Winsome Resources Says Proposed Acquisition By by Li-FT Power Now Legally Effective

Winsome Resources (ASX:WR1) said that the proposed acquisition of all of the fully-paid ordinary shares in Winsome by Li-FT Power via a scheme of arrangement, as well as the acquisition of the unlisted options in Winsome via an option scheme, are now legally effective, according to a Tuesday Australian bourse filing.A copy of the orders made by the Supreme Court of Western Australia approving the schemes was lodged with the Australian Securities and Investments Commission.Winsome's shares are expected to be suspended from trading on the ASX with effect from the close of trading on Tuesday.

ASX:WR1

Asia54d ago

Medi Lifestyle CEO Steps Down as Executive Director; Shares Fall 8%

Shares of Medi Lifestyle (SGX:Z4D) declined nearly 8% in Tuesday's afternoon trade after Chief Executive Officer Herry Pudjianto resigned as an executive director of the board to focus on his duties as CEO.Effective May 13, Pudjianto will dedicate his full attention to the medical service company's operations and strategic growth plans, according to a Tuesday filing with the Singapore Exchange.

SGX:Z4D

Asia54d ago

Wintao Communications CFO Resigns; Shares Fall 20%

Wintao Communications' (SHE:301139) deputy general and chief financial officer, Cao Yalei, resigned from the roles, according to a Monday filing with the Shenzhen bourse.Shares of the communication technology services provider fell 20% in Tuesday's trade.The move followed Cao's receipt of an administrative penalty notice following a decision issued by China's securities regulator proposing a five-year market ban.

SHE:301139

Asia54d ago

New Zealand Shares Fall; Property for Industry Raises Fiscal Year 2026 Outlook

New Zealand shares ended lower on Tuesday as investors saw fading hopes of a US-Iran peace agreement.The S&P/NZX 50 Index fell 0.99% or 130.15 points to close at 13,080.33.US President Donald Trump said that the US ceasefire with Iran was "on life support" after Iran rejected a peace proposal by the US and insisted on its own list of demands, according to a Tuesday Reuters report.In domestic news, home property values in New Zealand held steady in April, showing no sense of urgency in the market, albeit with buyers having become increasingly cautious amid rising economic and political uncertainty, QV said.Also, light traffic in New Zealand fell about 1.7% in April, signaling softer demand as higher fuel prices made people more wary of driving, ANZ Research said.Meanwhile, New Zealand's seasonally adjusted volume of ready-mixed concrete rose 1.1% in the March quarter, following a 2.7% rise in the preceding three-month period, Stats NZ data showed.In corporate news, Property For Industry (NZE:PFI) has updated its fiscal year 2026 guidance and now expects to pay cash dividends of around NZ$0.095 per share, up from its previous guidance of at least NZ$0.0905.Comvita (NZE:CVT) successfully completed a NZ$40.5 million capital raise, including NZ$30 million from a pro-rata renounceable rights offer and a further NZ$10.5 million through a strategic placement.

^NZ50NZE:CVTNZE:PFI

Asia54d ago

Bumi Armada to Wind Up Dormant Unit; Shares Drop 3%

Bumi Armada (KLSE:ARMADA) to voluntarily dissolve its unit, Bumi Armada (Labuan), as part of the group's streamlining exercise, according to a Monday Malaysian bourse filing.Shares slid about 3% in Tuesday's midday trade.Bumi Armada (Labuan), which ceased operations in 2024 and has remained dormant since then, will be liquidated under the Labuan Companies Act.Upon completion of the winding-up, Bumi Armada expects to realise a non-cash foreign exchange reserve gain of about 23 million ringgit in its profit or loss for the financial year ending Dec. 31.The group said the exercise is not expected to have any material operational impact on the company.

KLSE:ARMADA

Asia54d ago

US Legislators File Bills to Prohibit Imports of China-Linked Vehicles

U.S. lawmakers introduced a bipartisan bill prohibiting the importation and manufacture of China-linked vehicles in the country, according to a Monday press release.Representatives John Moolenaar and Debbie Dingell filed the Connected Vehicle Security Act, codifying former U.S. President Joe Biden's 2025 regulations that barred Chinese and Russian vehicle software and hardware.The bill partners similar legislation in the Senate filed by Democrat Elissa Slotkin and Republican Bernie Moreno.Under the proposed bill, the U.S. will prohibit importing, manufacturing, selling, or introducing connected vehicles into American soil from countries it considers adverse, including China, Russia, North Korea, and Iran, effective Jan. 1, 2027.Connected vehicle software will be banned beginning Jan. 1, 2027, while connected vehicle hardware will be prohibited beginning in 2030.

Shanghai Composite^SZSE

Asia54d ago

Apex Equity Unit Closes Boutique Building Acquisition; Shares Gain 5%

Apex Equity (KLSE:APEX) unit Apex Development completed the acquisition of a boutique building in Bangsar South City after fulfilling all conditions precedent tied to the deal, according to a Monday Malaysian bourse filing.Shares jumped over 5% in Tuesday's midday trade.The company had agreed to buy the property from Noah Foundation for 50 million ringgit in December 2024.

KLSE:APEX

Asia54d ago

Adairs Shares Up 3% as Billionaire Brett Blundy Becomes Substantial Holder

Adairs' (ASX:ADH) shares rose over 3% in recent trading on Tuesday after it said in a filing late on Monday that billionaire Brett Blundy became a substantial holder of the firm.Brett Blundy, BBFIT Investments, and BBRC International, as trustee for The BB Family International Trust, acquired voting power of 5.1% as May 7. They hold 9.1 million of the firm's fully-paid ordinary shares.

ASX:ADH

Asia54d ago

Qingyue Optoelectronics' CFO Resigns; Shares Dip 20%

Suzhou Qingyue Optoelectronics Technology's (SHA:688496) chief financial officer, Zhang Xiaobo, resigned due to personal reasons, according to a Shanghai bourse filing on Tuesday.Zhang will continue to serve in other positions within the new display device manufacturer.Chen Gang, the company's general manager, will temporarily perform the duties of the CFO until Zhang's successor is named.The company's shares slumped 20% during the afternoon trade.

SHA:688496

Asia54d ago

Humm Group Says Federal Court Awards Party-to-Party Costs of AU$3.3 Million in Proceedings Brought by SMBC Leasing

Humm Group (ASX:HUM) said the Federal Court of Australia awarded party‑to‑party costs of AU$3.25 million, which were paid in full on May 6, in the proceedings brought by SMBC Leasing and Finance against Humm and its wholly-owned unit, Flexirent Capital, according to a Tuesday Australian bourse filing.The court on May 5 ordered that Flexirent and Humm pay SMBC AU$3.25 million as SMBC's costs of the proceedings fixed as a lump sum by the court.The firm had paid SMBC damages and interest totalling AU$19.5 million on March 2. Humm increased its provision for this matter to AU$19.0 million, after the court judgment on Jan. 30. In March, the firm recognized a separate provision of AU$3 million for costs associated with the proceedings.

ASX:HUM

Asia54d ago

Aurisco Pharmaceutical Obtains Registration Certificate for HIV Drug

Aurisco Pharmaceutical (SHA:605116) received a registration certificate from China's National Medical Products Administration for its dolutegravir sodium tablets, according to a Shanghai bourse filing on Tuesday.The drug is used for the treatment of human immunodeficiency virus (HIV) in combination with other antiretroviral drugs.The pharmaceutical company invested 14.2 million yuan in the drug's research and development.

SHA:605116

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