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Hotung Investment Buys Back Shares

Hotung Investment (SGX:BLS) bought back 15,000 shares in the open market on Monday for SG$25,100, according to a same-day filing with the Singapore Exchange.The venture capital investment company could repurchase around 9.5 million shares under its existing repurchase mandate.

SGX:BLS

Asia55d ago

Nippon Sanso's Fiscal Year 2026 Attributable Profit Jumps 25%

Nippon Sanso's (TYO:4091) net income attributable to owners of the parent surged 25% to 123.89 billion yen for the fiscal year ended March 31 from 98.78 billion yen a year earlier.The industrial gas manufacturer's basic earnings per share for fiscal 2026 increased to 286.22 yen from 228.20 yen a year ago, according to a Tokyo bourse filing on Monday.Revenue rose 3.9% to nearly 1.36 trillion yen from 1.308 trillion yen in the prior year.In a separate disclosure, Nippon Sanso raised its final dividend to 33 yen per share, payable from June 18, from its previously expected 29 yen per share and the year-ago payment of 27 yen.For the fiscal year ending March 31, 2027, the company expects attributable profit of 131 billion yen, basic EPS of 302.64 yen, and revenue of 1.38 trillion yen.Nippon Sanso plans to pay interim and year-end dividends of 33 yen per share each for the fiscal year, which is higher than the 62 yen per share dividend for the previous fiscal year.

TYO:4091

Asia55d ago

China APproves Jiangsu CoWin Biotech Subsidiary's Respiratory Pathogen Detection Kits

China's drug regulator granted Jiangsu CoWin Biotech (SHA:688426) subsidiary Jiangsu Jianwei Diagnostic Technology a medical device certificate for six of its respiratory pathogen nucleic acid detection kits, according to a Saturday disclosure to the Shanghai bourse.The kits detect six kinds of lower respiratory tract pathogens, including Haemophilus influenzae capsulatum, Klebsiella pneumoniae, Staphylococcus aureus, Legionella pneumophila, Streptococcus pneumoniae, and Pseudomonas aeruginosa.

SHA:688426

Asia55d ago

Sumitomo Metal Mining's Profit Surges 969% in Fiscal Year 2025

Sumitomo Metal Mining's (TYO:5713) profit attributable to owners of the parent soared 969% to 176.3 billion yen in fiscal year 2025 from 16.5 billion yen a year earlier.The battery manufacturer's earnings per share increased to 649.53 yen from 59.99 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales jumped 9.3% to 1.742 trillion yen in the year ended March 31 from 1.593 trillion yen in the prior year.Sumitomo Metal Mining declared a final dividend of 163 yen per share, payable from June 26.For fiscal year 2026, the company expects attributable profit of 139 billion yen, basic EPS of 518.08 yen, and net sales of 1.883 trillion yen.Sumitomo Metal Mining plans to pay interim and year-end dividends of 103 yen and 104 yen per share, respectively, for the year, higher than the amount paid in the year-ago period.

TYO:5713

Asia55d ago

Linyang Energy Wins 220-Million-Yuan State Grid Meter Contract

Jiangsu Linyang Energy (SHA:601222) received a winning bid notice from China's State Grid for metering equipment totaling about 220.1 million yuan.The bid covers 10 packages for smart electricity meters, smart fusion terminals and transformer collection terminals, with a total of 766,400 units, according to a weekend filing with the Shanghai bourse.Shares of the energy services provider closed 1% higher Monday.

SHA:601222

Asia55d ago

Hathway Bhawani CFO Steps Down for New Role at Holding Company; Shares Up 12%

Hathway Bhawani Cabletel & Datacom (BOM:509073) Chief Financial Officer Hareshkumar Mayani resigned to take up a finance role at holding company Hathway Cable and Datacom.The resignation took effect on the same day as the May 7 filing with the Bombay bourse in India.Shares of the cable television network services company jumped over 12% at market close on Monday.

BOM:509073

Asia55d ago

China Suntien Green Energy's Power Output Slips in April

China Suntien Green Energy (SHA:600956, HKG:0956) generated nearly 1.5 million megawatt-hours of power in April, down 0.6% from a year prior, according to a Monday Hong Kong bourse filing.The natural gas and wind power generation company's transmission/sales volume of gas fell 26% in the month to around 259.4 million cubic meters.As of April 30, power output slipped 3.3% year over year to a little over 5.8 million megawatt-hours.Gas transmission/sales volume for the four months ended April 30 stood at 1.78 billion cubic meters, 19% lower than the year-ago period.

HKG:0956SHA:600956

Asia55d ago

Korea District Heating's Net Income Declines 7.4% in Q1

Korea District Heating (KRX:071320) posted first-quarter net income attributable to shareholders of 216.31 billion won, down 7.4% from 233.49 billion won a year earlier.The South Korean district energy services group's sales declined to 1.434 trillion won from 1.577 trillion won, according to a Monday filing with the Korea Exchange.Shares of the company fell over 2% at market close.

KRX:071320

Asia55d ago

Mabwell Gets US FDA Clinical Trial Approval for Inflammatory Bowel Disease Drug

The U.S. Food and Drug Administration approved Mabwell (Shanghai) Bioscience's (SHA:688062) clinical trial application for its 9MW5211 injection for inflammatory bowel disease.The condition is a chronic, relapsing, and immune-mediated gastrointestinal condition, according to a Saturday filing with the Shanghai bourse.

SHA:688062

Asia55d ago

Shenzhen LDROBOT Soars 103% in Hong Kong Trading Debut

Shenzhen LDROBOT's (HKG:1236) shares opened 102.9% above their initial public offering price in a stellar Hong Kong debut on Monday morning.The Chinese robotics company opened at HK$53.50 per share, well above the offer price of HK$26.36.

HKG:1236

Asia55d ago

Concord Healthcare to Issue HK$68 Million Convertible Bonds to CSPC Pharma Unit

Concord Healthcare (HKG:2453) agreed to issue HK$68 million of convertible bonds to a unit of CSPC Pharmaceutical (HKG:1093), according to a Monday Hong Kong bourse filing.The oncology healthcare service provider said Dragon Merit will subscribe to the 2% convertible bonds due in April 2027.The bonds are convertible into as many as 40 million Hong Kong-listed shares at an initial conversion price of HK$1.70 per share, representing a premium of about 14.1% to the stock's last closing price.Net proceeds of about HK$63.1 million will mainly be used to repay loans and supplement working capital.Concord Healthcare said the investment is expected to deepen cooperation with CSPC Pharmaceutical in the oncology healthcare sector.

HKG:1093HKG:2453

Asia55d ago

Alterity Therapeutics Says Peer-Reviewed Study Validates its Approach to Multiple System Atrophy; Shares Fall 9%

Alterity Therapeutics (ASX:ATH) said findings of a study published in the NeuroImage journal support quantitative susceptibility mapping as an objective imaging biomarker to facilitate the earlier diagnosis of multiple system atrophy (MSA), according to a Monday filing with the Australian bourse.Alterity is advancing its ATH434 lead candidate into a phase three program for multiple system atrophy, a neurodegenerative disease that leads to the failure of the autonomic nervous system and impaired movement.The company said it used quantitative susceptibility mapping in a phase two trial in which ATH434 helped improve diagnostic accuracy and provided "objective evidence of target engagement."The peer-reviewed publication validates the company's approach and "reinforces the role of [quantitative susceptibility mapping] as a biomarker for iron-modulating therapies in MSA," Alterity CEO David Stamler said.The company's shares fell 9% in recent Monday trade.

ASX:ATH

Asia55d ago

Meitec Says Interim Dividend Exceeded Legal Distributable Amount

Meitec Group (TYO:9744) said an interim dividend paid in November 2025 exceeded the distributable amount allowed under Japan's Companies Act due to a calculation error, according to a Monday filing on the Tokyo Stock Exchange.The company said the 90 yen-per-share interim dividend, totaling 6.95 billion yen, exceeded the legally distributable amount of 3.47 billion yen as of Sept. 30, 2025.Meitec said it identified the issue after a comment from its accounting auditor and has appointed external lawyers and an accountant to investigate the matter and prevention measures.The company said it does not plan to seek the return of dividends already paid and still expects to pay the planned year-end dividend of 91 yen per share for fiscal 2026.

TYO:9744

Asia55d ago

Cathay Pacific Cuts Fuel Surcharge Amid Easing Middle East Tensions

Cathay Pacific Airways (HKG:0293) will reduce fuel surcharges on most routes from May 16 after reviewing jet fuel prices amid ongoing Middle East-related volatility, according to a Friday update on the airline's website.For Hong Kong-issued tickets on long-haul routes covering destinations such as North America, Europe, Australia, the Middle East, and Africa, the fuel surcharge will be lowered to HK$1,362 per sector from HK$1,560.Fuel surcharges on South Asia routes will decline to HK$633 from HK$725, while levies on other routes will be reduced to HK$339 from HK$389.

HKG:0293

Asia55d ago

Decidr AI Industries Appoints CFO; Shares Fall 3%

Decidr AI Industries (ASX:DAI) appointed Penny Diamantakiou as chief financial officer, effective Tuesday, according to a Monday Australian bourse filing.The company's shares fell around 3% in recent Monday trade.

ASX:DAI

Asia55d ago

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Monday.Energy Resources of Australia (ASX:ERA): 28.5 million sharesCore Lithium (ASX:CXO): 19.2 million sharesArafura Rare Earths (ASX:ARU): 10.9 million sharesEQ Resources (ASX:EQR): 9.4 million sharesPredictive Discovery (ASX:PDI): 4.6 million shares

ASX 200ASX:ARUASX:CXOASX:EQRASX:ERAASX:PDI

Asia55d ago

Korea Exchange Halts Kospi Trading for Five Minutes After Buying Surges on Chip Stocks Rally

The Korea Exchange activated a five-minute buy-side sidecar on the country's primary stock market on Monday morning as investors rushed to purchase securities amid a rally due to strong gains made by key chip stocks.The Korea Exchange announced the order at 9:29 am after the KOSPI200 Futures added 58.82 points, or 5.1%, to trade at 1,210.54.A buy-side sidecar is activated when the KOSPI200 Futures index gains 5% or more for at least one minute.

^KOSDAQKOSPI

Asia55d ago

Larvotto Resources Says Review Identifies Gold-Antimony-Tungsten Mineralization at New South Wales Project

Larvotto Resources (ASX:LRV) said high-grade, extensive gold-antimony-tungsten mineralization over a strike length of a kilometer was identified from historic exploration at Curry's Block during a review of historical drilling across its Hillgrove antimony-gold project in New South Wales, according to a Monday Australian bourse filing.The historical drilling included an intercept of five meters at 11.8 grams per tonne grade of gold-equivalent from 144 meters. Diamond drilling was approved and is set to begin shortly.

ASX:LRV

Asia55d ago

CStone Pharmaceuticals Begins Commercial Distribution of Locally Manufactured Pralsetinib

CStone Pharmaceuticals (HKG:2616) began nationwide commercial supply of locally manufactured pralsetinib capsules in China, according to a Monday filing with the Hong Kong bourse.The oncology drugmaker said the first batch shipment marks the establishment of a localized supply chain for the therapy.CStone expects full-year 2026 sales revenue for pralsetinib capsules to exceed 300 million yuan, the filing said.

HKG:2616

Asia55d ago

Update: Metcash Expects Year-Over-Year Increase in Fiscal Year 2026 Revenue; Shares Up 8%

(Updates to add stock movement in the headline and last paragraph)Metcash (ASX:MTS) expects fiscal year 2026 revenue of AU$19.6 billion, up 0.7% from the previous year, according to a Monday filing with the Australian bourse.The company also expects fiscal year underlying profit after tax in the range of AU$268 million to AU$270 million.Metcash said ongoing cost initiatives are expected to yield at least around AU$25 million of annualized savings in fiscal year 2027.Additionally, the company has increased inventory levels as a precaution, even though it has not yet experienced any supply shortages due to the Middle East conflict.The company's shares rose around 8% in recent Monday trade.

ASX:MTS

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