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Xinjiang Tianye to Acquire Four Subsidiaries from Parent Affiliate

Xinjiang Tianye (SHA:600075) plans to acquire Xinjiang Tianfu Xinyue Energy's four subsidiaries, according to a Friday disclosure on the Shanghai bourse.The seller, Xinjiang Tianfu Xinyue Energy, is a subsidiary of the company's controlling shareholder.The subsidiaries for acquisition are Jinghe County Jingyi Mining, Tianbo Chenye Mining, Turpan Tianye Mining Development and Xinjiang Tianye Group Mining.The final acquisition plan is still being discussed.The chemical product manufacturer's shares rose 2% during the afternoon trade.

SHA:600075

Asia57d ago

Geo-Jade Petroleum's Controlling Shareholder Faces Bankruptcy; Shares Down 5%

Geo-Jade Petroleum's (SHA:600759) controlling shareholder, Guangxi Zhenghe Industrial Group, faces bankruptcy, according to a Shanghai bourse filing on Friday.Zhang Youjin filed for the bankruptcy liquidation against Guangxi Zhenghe due to insolvency and unpaid debts.The application was filed at the Liuzhou Intermediate People's Court.The Chinese oil and gas exploration company's shares dropped 5% during the afternoon trade.

SHA:600759

Asia57d ago

Aayush Wellness Enters Metabolic Health Business

Aayush Wellness (BOM:539528) has forayed into the metabolic health and preventive wellness segment with the launch of "Aayush Dia Shield Tablets", according to a BSE filing on Friday.Aayush Dia Shield tablets are formulated to provide a preventive and supportive solution for long-term blood sugar management.The company's shares were up nearly 1% in recent trade.

BOM:539528

Asia57d ago

Anhui Hwasu CFO Resigns

Anhui Hwasu (SHA:600935) said Bi Gang resigned as chief financial officer on Thursday due to a work transfer, according to a Friday filing with the Shanghai bourse.

SHA:600935

Asia57d ago

Lotte Chemical Titan Incurs Wider Loss Despite 70% Higher Revenue

Lotte Chemical Titan (KLSE:LCTITAN) posted a wider first-quarter loss despite a 70% jump in revenue, according to a Thursday Malaysian bourse filing.Shares slid over 1% in Friday's midday trade.The loss widened as higher depreciation and financing costs from its Indonesia ethylene project weighed on earnings.Loss before tax rose to 230 million ringgit from 135 million ringgit a year earlier, even as revenue climbed to 2.53 billion ringgit from 1.49 billion ringgit.The higher revenue was driven by higher sales volumes from the Indonesia New Ethylene project that began commercial operations in October 2025.The group reported EBITDA of 150 million ringgit, compared with a negative EBITDA of 38 million ringgit a year earlier, while plant utilization improved to 61% from 46%.Lotte Chemical Titan said ongoing geopolitical tensions in the Middle East, particularly the Iran war, continue to create uncertainty in the global petrochemical market.

KLSE:LCTITAN

Asia57d ago

National Storage REIT Implements Scheme for Takeover by Brookfield, GIC

National Storage REIT's (ASX:NSR) share scheme of arrangement and trust scheme, under which a Brookfield Funds and GIC-led consortium would acquire all of the stapled securities in National Storage, was implemented on Friday, according to a same-day Australian bourse filing.Iridium SP BidCo now holds all of the shares on issue in National Storage Holdings, while ITG Australia TS Sub as trustee for Iridium SP Bid Trust now holds all of the units on issue in National Storage Property Trust.The scheme consideration of AU$2.80 cash per National Storage security held as of April 29 was paid to scheme security holders.National Storage plans to apply for its removal from the official list of the ASX with effect shortly after the implementation of the schemes.

ASX:NSR

Asia57d ago

Market Chatter: Singapore's Oil Product Stocks Hit New Low Amid US-Iran War

Singapore's oil product stocks totaled 44.83 million barrels as of May 6, the lowest level in nine months, Reuters reported Thursday, citing data from Enterprise Singapore.The drop is mainly due to the impact of the U.S.-Iran war, which has disrupted crude and fuel exports across the region, the report said.Residential fuel inventories came in at 19.88 million barrels, slightly closer to a 50-week low of 19.488 million barrels a week earlier, according to the report.Meanwhile, middle distillate stocks dropped to 10.077 million barrels, 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.)

^STI

Asia57d ago

AirAsia X Unit to Buy Airbus Aircraft for About $19 Billion

AirAsia X (KLSE:AAX) unit Asia Aviation Capital agreed to buy 150 Airbus A220-300 aircraft from Airbus in a deal valued at about $19 billion, according to a Thursday Malaysian bourse filing.Shares fell over 2% in Friday's midday trade.The aircraft are scheduled for delivery from 2028 through 2039, with the group retaining an option to increase the order to 300 aircraft to meet future demand.AirAsia X said the A220 aircraft will support its transition into a low-cost network carrier by enabling it to serve smaller and high-growth markets more efficiently.The airline added the jets are expected to reduce fuel burn and emissions by about 20% compared with previous-generation aircraft.The group also entered into engine supply and maintenance agreements with Pratt & Whitney for the aircraft's PW1521G-3 engines, the filing said.

KLSE:AAX

Asia57d ago

AUSTRAC's Probe Likely to Remain a Prolonged Overhang for Tabcorp, Jefferies Says

Tabcorp Holdings (ASX:TAH) is set to face a range of possible outcomes from a new investigation into money-laundering risks, and the probe will likely remain an overhang for an extended period of time, Jefferies said in a Thursday note.The Australian Transaction Reports and Analysis Centre (AUSTRAC) is probing the company's compliance with anti-money laundering and counter-terrorism financing obligations, citing concerns about the wagering operator's ability to identify and mitigate risks."Precedent gaming sector Austrac investigations have been long-dated, costly, and have had significant operational impacts," the equity research firm said, adding that prior probes show the risk can extend beyond punitive fines to operating earnings.Jefferies expects the investigation to focus on retail gaming, given the recent regulatory scrutiny around slots and casinos and the revival of retail turnover at Tabcorp. It noted that monitoring a retail network of 3,700 locations could be cumbersome and costly.Tabcorp's operating leverage "has been a core reason for our positive thesis, however in any escalation of the investigation, this could see material operating deleverage," Jefferies said.It downgraded its rating on the company to hold from buy while cutting the price target to AU$0.93 from AU$1.25.Tabcorp shares fell 14% in recent Friday trade.

ASX:TAH

Asia57d ago

KP Green Engineering's Consolidated Profit Rises in Fiscal Q4; Shares Down 4%

KP Green Engineering's (BOM:544150) consolidated attributable profit rose to 774.3 million Indian rupees in the fiscal fourth quarter ended March 31, from 460.1 million rupees a year ago.Earnings per share came in at 15.49 rupees from 9.20 rupees a year earlier, the solar module manufacturer said in a filing to the Indian stock exchanges on Friday.Revenue from operations in fiscal Q4 increased to 7.13 billion rupees from 4.32 billion rupees a year ago.The company's board recommended a final dividend of 0.30 rupees per equity share of the face value of 5 rupees each for the financial year 2025-26.The company's shares were down nearly 4% in recent trade.

BOM:544150

Asia57d ago

Weilong Grape Wine Shares Extend Suspension

Weilong Grape Wine (SHA:603779) extended the suspension of its shares for up to three additional days amid a potential change in company control.Controlling shareholder Xinghe Xirang Zhejiang Digital Intelligence Technology is negotiating a share transfer that could change company control, according to a Friday filing with the Shenzhen bourse.

SHA:603779

Asia57d ago

Lendlease Group Fund, Charter Hall Enter into Process on Sydney CBD Transactions

Lendlease Group's (ASX:LLC) managed fund, Australian Prime Property Fund Commercial, and Charter Hall Group (ASX:CHC) entered into a process on a series of transactions across the Spring and O'Connell Street precinct in Sydney's central business district, according to a Friday statement.The first transaction phase includes the completed exchange of contracts on 19, O'Connell Street and strata lots within 23, O'Connell Street.Charter Hall also accepted a pre-emptive offer for the remaining interests in 1, O'Connell Street, 8, 10, 16, Spring Street, and the remaining strata lots in 23, O'Connell Street due to an exchange in the coming weeks.Following the divestment, the fund will focus on its portfolio of office assets, per the statement.Shares of both firms fell 1% in recent trading on Friday.

ASX:CHCASX:LLC

Asia57d ago

Jiangling Motors Logs Mixed April Sales, Output

Jiangling Motors (SHE:000550, SHE:200550) sold 34,948 vehicles in April, up 15% from 30,499 vehicles a year earlier, according to a Friday filing with the Shenzhen bourse.Production volume rose 6.1% to 33,464 units from 31,542 units.Shares of the automobile company were down 4% in recent trade.

SHE:000550SHE:200550

Asia57d ago

QBE Insurance Group Premium Rate Increases Reflect Mixed Competitive Dynamics Across Multiple Classes, Jefferies Says

QBE Insurance Group's (ASX:QBE) group premium rate increases of 2% reflect mixed competitive dynamics across multiple classes during the first quarter, Jefferies said in a note on Friday.The firm operates a diversified commercial portfolio across regions and commercial lines, supporting a growth focus as the market transitions. Its commercial property and Lloyds businesses remain highly competitive. Its quarterly gross written premium growth is supportive of the full-year guidance.Early indications suggest a favorable crop year, with yield and production set to improve and pricing remaining favorable. Crop insurance at the gross level increased 4%.The investment firm assigned it a buy rating on QBE Insurance and raised the price target to AU$25.55 per share from AU$23 per share.

ASX:QBE

Asia57d ago

Webjet Says Macquarie Raises Stake, Shares Fall 3%

Webjet (ASX:WEB) said the voting power of Macquarie Group (ASX:MQG), and its controlled bodies corporate, in the firm rose to 7.18% from 6.15%, as of Tuesday, according to a Friday Australian bourse filing.Macquarie now holds nearly 26 million votes in Webjet.Webjet's shares fell 3% in recent trading on Friday.

ASX:MQGASX:WEB

Asia57d ago

Market Chatter: Jardine Cycle & Carriage Mulls Sale of Dealership in Malaysia, Singapore

Jardine Cycle & Carriage (SGX:C07) is considering divesting its car dealership in Singapore and Malaysia, Bloomberg News reported on Friday, citing people familiar with the matter.The stock rose almost 1% in Friday's afternoon trade.The company has reached out to potential buyers, and a transaction could value the business at between $250 million and $350 million, according to the report.The dealership offers after-sales services for new and used vehicles across Malaysia and Singapore. Brands offered include Mercedes-Benz, Mitsubishi, Kia, Citroen, and Peugeot, the report said.Jardine Matheson did not immediately respond to a request for comment from.(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.)

SGX:C07

Asia57d ago

Acme Solar Holdings' Consolidated Profit Grows in Fiscal Q4; Shares Down 3%

Acme Solar Holdings' (NSE:ACMESOLAR, BOM:544283) consolidated profit rose to 1.39 billion Indian rupees in the fiscal fourth quarter ended March 31, from 1.23 billion rupees a year ago.Earnings per share came in at 2.27 rupees from 2.14 rupees a year earlier, according to a Friday filing to the Indian stock exchanges.Revenue from operations in fiscal Q4 also increased to 5.48 billion rupees from 4.87 billion rupees a year ago.The company's shares were down nearly 3% in recent trade.

BOM:544283NSE:ACMESOLAR

Asia57d ago

PolyNovo Says JPMorgan Chase's Voting Power Rises to 9.18%, Shares Fall 3%

PolyNovo (ASX:PNV) said that the voting power of JPMorgan Chase and its affiliates in the firm increased to 9.18% from 7.89%, as of Tuesday, according to an Australian bourse filing on Friday.JPMorgan Chase and its affiliates now hold 63.4 million shares in the firm.Its shares fell 3% in recent trading on Friday.

ASX:PNV

Asia57d ago

New Zealand Shares Retreat; Fletcher Building Unit to Sell Cheltenham Property to Forza Capital

New Zealand shares closed lower on Friday as doubts lingered around a US-Iran peace deal amid attacks in the Persian Gulf.The S&P/NZX 50 Index fell 0.6% or 80.07 points to close at 13,190.54.US President Donald Trump said that the ceasefire between Iran and the US was still in effect despite clashes between the forces of the two countries. Iran said the situation had returned to normal, according to a Reuters report. Brent crude oil futures rose 1.3% to $101.60 per barrel.In domestic news, first home buyers in New Zealand represented 27.5% of property purchases across the country in the first quarter, slightly lower than the 28.2% record high in the fourth quarter of 2025, according to a Cotality-Westpac report.New Zealand's total new lending increased to NZ$15.13 billion in March from NZ$11.05 billion in February, according to data from the Reserve Bank of New Zealand. New lending fully secured by residential mortgage rose to NZ$8.68 billion in March from NZ$6.99 billion in the previous month.In corporate news, Fletcher Building (ASX:FBU, NZE:FBU) said its Laminex Australia division has conditionally agreed to sell its Cheltenham, Melbourne property to Forza Capital for AU$53.8 million. The transaction is contingent upon Forza completing environmental due diligence and securing internal approvals by mid-June.Bankers Investment Trust's (NZE:BIT) unaudited net asset value was 1.516 pounds sterling per share as of Wednesday. This included current financial year revenue items and excluded shares held in treasury.

^NZ50NZE:BITNZE:FBU

Asia57d ago

Update: Atlantic Lithium Enters Scheme Implementation Deed With China's Huayou Cobalt; Shares Up 11%

(Updated to include Huayou Cobalt's ticker symbol)Atlantic Lithium (ASX:A11) entered into a binding scheme implementation deed with China-based battery manufacturing firm Zhejiang Huayou Cobalt (SHA:603799) for the acquisition of all of the issued shares in the company through a scheme of arrangement at $0.25486 apiece, according to a Thursday filing with the Australian bourse.The all-cash scheme consideration values the company at about $210 million, the filing said.The board unanimously recommended that shareholders vote in favor of the scheme, in the absence of a superior proposal and subject to an independent expert continuing to conclude that it is in the best interests of shareholders, per the filing.Atlantic Lithium shares rose 11% in afternoon trade on Thursday.

ASX:A11SHA:603799

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