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Tianhai Automotive Electronics Seeks to Raise 2.15 Billion Yuan in Shenzhen IPO

Automotive parts supplier Tianhai Automotive Electronics (SHE:001365) is offering 79.0 million shares at 27.19 yuan apiece to raise 2.15 billion yuan in its initial public offering on the Shenzhen Stock Exchange.Online and offline subscriptions will be on May 7, according to a Wednesday filing with the Shenzhen bourse.China Merchants Securities serves as the lead underwriter.

SHE:001365

Asia58d ago

New World Development Says No Agreement Reached on Hotel Asset Disposal

New World Development (HKG:0017) said it has not entered into any agreement regarding the disposal of certain Hong Kong hotel assets, according to a Tuesday bourse filing.The company said potential buyers periodically approach the group regarding various assets, including hotels in Hong Kong, but no transaction has been agreed upon that would require disclosure.Bloomberg reported earlier that New World has been in discussions to sell its 50% interest in a Hong Kong hotel portfolio valued at about $2 billion.The assets reportedly include the Grand Hyatt, Renaissance Harbour View Hotel, and Hyatt Regency Hong Kong, Kowloon.The report added that Singapore-based Aravest Pte, a real estate manager backed by Sumitomo Mitsui Finance & Leasing, was among potential buyers.

HKG:0017

Asia58d ago

Market Chatter: Standard Chartered to Expand Wealth Management Team in Gulf Despite Ongoing Conflict

Standard Chartered (HKG:2888) plans to grow its wealth management team in the Gulf even as war in the region rages on, Reuters reported Tuesday, citing Raymond Ang, the bank's global head of private and affluent banking.Ang said the bank plans to hire more relationship managers to manage clients in Dubai and may also expand its presence in Abu Dhabi, Reuters reported.(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.)

HKG:2888

Asia58d ago

Simcere Pharmaceutical Receives Chinese Regulatory Approval to Begin Trials of Tumor Drug

Simcere Pharmaceutical (HKG:2096) received Chinese regulatory approval to begin clinical trials of SIM0613, according to a Hong Kong bourse filing Wednesday.The injection is intended to treat advanced solid tumors and is licensed to Ipsen Pharma in regions outside Greater China.

HKG:2096

Asia58d ago

Meitu Records 30% Rise in Paying Subscribers

Meitu (HKG:1357) said the number of paying subscribers using its platform grew 30% year on year to 17.90 million as of end March, according to a Hong Kong bourse filing Wednesday.Paying subscribers for the company's productivity tools grew 53% to 2.34 million, while leisure app subscribers increased 27% to 15.56 million, the firm said.The company's core revenue grew 34.3% year on year to 852 million yuan, while other businesses remained "stable overall."The company's annual recurring revenue for AI-driven productivity apps stood at 580 million yuan as of March, a 56% increase from a year earlier.

HKG:1357

Asia58d ago

Yidu Tech Unit Wins SG$2.3 Million Singapore Healthcare Project

Yidu Tech (HKG:2158) said its subsidiary EVYD Research Private Limited won a contract from Singapore Health Services for the implementation and support of Dr Buddy, according to a Wednesday Hong Kong bourse filing.The total project amount is about SG$2.3 million.

HKG:2158

Asia58d ago

Ribo Life Science Achieves Milestone in Boehringer Ingelheim Collaboration

Suzhou Ribo Life Science (HKG:6938) achieved another milestone under a research collaboration with Boehringer Ingelheim to discover novel therapies for liver disease, according to a Hong Kong bourse filing Wednesday.The companies are researching therapies for metabolic dysfunction-associated steatohepatitis, or MASH, a serious and progressive form of fatty liver disease.The milestone underscores the commercial potential of Ribo Life Science's siRNA platform, the firm said.

HKG:6938

Asia58d ago

RBNZ Press Conference: Unemployment Numbers in Line With What RBNZ Expected From a Financial Stability Perspective

^NZ50

Asia58d ago

Solstice Minerals Receives Government Co-Funded Drilling Grant for Western Australia Project; Shares Down 4%

Solstice Minerals (ASX:SLS) received a co-funded drilling grant of up to AU$200,000 under Round 33 of the Western Australian Government's exploration incentive scheme, with an additional allowance of up to AU$50,000, according to a Wednesday filing with the Australian bourse.The grant will support step-down reverse circulation/diamond drilling costs at the Nanadie project, the filing said.Shares fell 4% in morning trade on Wednesday.

ASX:SLS

Asia58d ago

Native Mineral Resources Secures Nearly AU$4 Million Convertible Funding; Shares Fall 4%

Native Mineral Resources Holdings (ASX:NMR) has entered into a second convertible security funding agreement with Lind Global Fund III, raising AU$3.5 million in net proceeds in exchange for a AU$3.9 million face value convertible security, according to a Wednesday Australian bourse filing.The net funding, after costs and a AU$1.1 million repayment of an existing convertible note, is currently held by the company pending the issue of the security, the filing said.The facility provides the company with flexible access to capital to support its near-term objectives, the filing added.The company's shares fell 4% in recent Wednesday trade.

ASX:NMR

Asia58d ago

Aurizon Posts Higher Central Queensland Coal Network Volumes in 10 Months to April

Aurizon (ASX:AZJ) reported Central Queensland coal network volumes of 173.5 million tonnes in the 10 months to April 30, up 2.6% compared with the previous corresponding period, according to a Wednesday filing with the Australian bourse.Network volumes in the 10 months to April 30, 2025, were 169.1 million tonnes, an earlier filing showed.Coal volumes reached 158.4 million tonnes, up 0.8% on last year, while bulk volumes totaled 48.4 million tonnes, rising 6.7% on the prior corresponding period.The company maintained its fiscal-year guidance of group underlying earnings before interest, taxes, depreciation, and amortization of between AU$1.68 billion and AU$1.75 billion, and full-year dividend of AU$0.22 to AU$0.23 per share.Additionally, non-growth capital expenditure of AU$580 million to AU$600 million and growth capital expenditure of AU$100 million to AU$150 million remain unchanged, per the filing.Aurizon shares rose 1% in morning trade on Wednesday.

ASX:AZJ

Asia58d ago

Anteris Technologies Enrolls First US Patients in PARADIGM Trial; Shares Up 6%

Anteris Technologies (ASX:AVR) has enrolled and successfully treated the first US patients in its PARADIGM global pivotal trial of the DurAVR transcatheter heart valve for severe calcific aortic stenosis, according to a Wednesday Australian bourse filing.The procedures were carried out at Montefiore Medical Center in New York, the filing added.The company's shares rose 6% in recent Wednesday trade.

ASX:AVR

Asia58d ago

Tribune Resources Proposes to Buy Back Over 5 Million Shares

Tribune Resources (ASX:TBR) said it plans to buy back a maximum of 5.2 million of its ordinary, fully-paid shares in an on-market repurchase program, according to a Wednesday filing with the Australian bourse.The proposed program will start on May 21 and run until May 21, 2027, the filing said.

ASX:TBR

Asia58d ago

DigiCo Infrastructure REIT Agrees to Sell Chicago Facility for $750 Million

DigiCo Infrastructure REIT (ASX:DGT) agreed to sell its Chicago facility for $750 million to a third-party North American fund manager, according to a Wednesday filing with the Australian bourse.The sale, expected to reach financial close in the first quarter of fiscal year 2027, is anticipated to release net cash proceeds of AU$360 million post repayment of asset-level debt and increase available liquidity to AU$900 million, the filing said.The company maintained its fiscal year 2026 underlying earnings before interest, taxes, depreciation, and amortization guidance of AU$125 million, per the filing.

ASX:DGT

Asia58d ago

Atlas Arteria Recommends Shareholders Reject Takeover Offer From IFM

Atlas Arteria's (ASX:ALX) board recommended shareholders reject an unsolicited takeover offer from IFM, saying it materially undervalues the company, according to a Wednesday filing with the Australian bourse.IFM's offer to acquire the remaining shares of Atlas at AU$4.75 each in cash "is too low" and subject to extensive conditions that might never be satisfied or waived, the company said, adding that some conditions "are already incapable of being satisfied."The offer is also opportunistic in its timing, and came just five days after Atlas issued a right of first offer notice in relation to its interest in the Chicago Skyway toll road, the company said.Atlas further pointed to structural deficiencies with both the offer and the disclosure in the bidder's statement, saying that IFM has refused to adequately address these issues."The offer is designed to accelerate IFM's creep to effective control of Atlas Arteria without paying a fair premium to securityholders," the company said.

ASX:ALX

Asia58d ago

ASX Preview: Australian Shares Set to Rise as Iran-US Ceasefire Holds; DPM Metals Posts Higher Q1 Adjusted Earnings, Revenue

Australian shares are poised to rise on Wednesday as easing fears over Middle East supply disruptions and signs of a still-contained Iran-US ceasefire helped steady global risk sentiment, even as tensions around the Strait of Hormuz and intermittent strikes continued to keep energy markets on edge.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.8%, 1%, and 0.7%, respectively.In the macroeconomy, Australia's industry activity remained in contraction in April despite a 9.8 point rebound, as persistent weakness in manufacturing and construction and rising fuel-driven cost pressures outweighed early signs of stabilization in orders and employment, Australian Industry Group said on Wednesday.In corporate news, DPM Metals (ASX:DPM) reported Wednesday first quarter adjusted earnings of $0.76 per basic share on revenue of $310.4 million, compared with adjusted earnings of $0.32 on revenue of $144.1 million a year earlier.Atlas Arteria's (ASX:ALX) independent directors have unanimously urged shareholders to reject IFM's takeover offer, calling it opportunistic, highly conditional, and a material undervaluation of the company's assets and long-term value.Australia's benchmark index fell 0.2% or 16.6 points to close at 8,680.50 on Tuesday.

ASX 200ASX:ALXASX:DPM

Asia58d ago

St George Mining Appoints Worley For Brazil Niobium-Rare Earths Project Technical Advisory Services

St George Mining (ASX:SGQ) appointed Worley (ASX:WOR) subsidiary Worley Engenharia to provide technical advisory services for the potential development of a niobium and rare earths mine at its Araxá project in Brazil, according to a Wednesday Australian bourse filing.St George Mining Brasil, a wholly-owned unit of St George, entered into a technical services agreement with Worley Engenharia, under which Worley will provide engineering and project management advice to support development studies.St George also engaged metallurgical experts in Australia to provide advice on metallurgical matters and serve as the competent persons for metallurgy disclosures.

ASX:SGQASX:WOR

Asia58d ago

Amcor Sells Two US-Based Beverage Closure Compression Molding Facilities to Closure Systems

Amcor (ASX:AMC) divested two beverage closure compression molding facilities from its Rigid Packaging Solutions North America business to Closure Systems, according to a Wednesday statement from Closure Systems.One of the facilities is an around 183,000-square-foot site in Erie, Pennsylvania, while the other is an around 119,000-square-foot site Hattiesburg, Mississippi.Financial terms were not disclosed.

ASX:AMC

Asia58d ago

Emerald Resources Secures Final Works Approval for Western Australia Gold Project

Emerald Resources (ASX:EMR) received approval from Western Australia's Department of Water and Environmental Regulation for its wholly owned Dingo Range Gold Project, effectively enabling the project to proceed to development, according to a Wednesday filing with the Australian bourse.The regulatory approval covers key infrastructure including the processing plant, power station, tailings storage facility, and associated works required for future gold production, per the filing.The company has completed and commissioned on-site accommodation for construction and operational staff and continues drilling through 2026 to support resource updates, including open-pit extensions and potential underground development, while advancing a maiden ore reserve, the filing said.The company also has committed around AU$30 million to acquire two 8,000 kilowatts Metso SAG mills for its operations, along with a crushing circuit for Dingo Range, the filing added.

ASX:EMR

Asia58d ago

Regis Resources, Vault Minerals Merger of Equals Creates Meaningful Scale, Says Euroz Hartleys

Regis Resources (ASX:RRL) and Vault Minerals (ASX:VAU) proposed a merger of equals that would create a mid-tier gold producer of meaningful scale and a combined market capitalization of roughly AU$10.7 billion, Euroz Hartleys said in a note on Tuesday.Under the proposed deal, Vault shareholders will receive 0.6947 shares in Regis for each Vault share owned. Regis shareholders will own about 51% of the merged company and Vault shareholders the remaining 49%, as per a Tuesday joint filing with the Australian bourse.The merger, which will translate to over 700,000 ounces of gold production per year through five operating assets across Western Australia, benefits from a debt-free balance sheet, a robust and growing reserve and resource base, and potential operational synergies that could cut costs.The increased capitalization will also bolster liquidity, lower the cost of capital and support future growth and shareholder returns, it added.Euroz Hartleys maintained a buy rating for Vault and is reviewing a price target for the company.

ASX:RRLASX:VAU

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