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China Hongqiao Completes 10.2 Billion Yuan Convertible Bond Sale

China Hongqiao Group (HKG:1378) completed the issue of zero-coupon convertible bonds maturing in 2027 to raise 10.2 billion yuan, according to a Tuesday Hong Kong bourse filing.The firm will use proceeds to procure raw material, refinance existing debt, invest in overseas projects, and for future share repurchases and general corporate purposes.On full conversion of the convertible bonds at HK$43.90 apiece, a little over 266.6 million shares of the firm will be issued.

HKG:1378

Asia59d ago

Seres Group's Vehicle Sales, Output Slide in April

Seres Group (SHA:601127, HKG:9927) sold 35,461 vehicles in April, down 0.8% from a year earlier.Output for the month slipped 4.2% year over year to 37,167 units, the vehicle maker said Tuesday in a Hong Kong bourse filing.For the four months ended April 30, group sales and output were up 19% and 15.4%, respectively, to 123,906 vehicles and 123,876 units.

HKG:9927SHA:601127

Asia59d ago

Market Chatter: Samsung, Apple Said in Talks for Potential US Chips Supply

Samsung Electronics Co (KRX:005930) reportedly met with Apple executives for a possible chipmaking services and supply deal in the US.Bloomberg News reported Tuesday, citing unnamed sources, that the South Korean chipmaker held meetings at its Texas plant, which is still under development, for its potential production of main processors for Apple devices.Aside from Samsung, Apple is also said to be in talks with Intel as it mulls an alternative supplier to its longtime partner, Taiwan Semiconductor Manufacturing Co. No orders have been made yet and Apple may ultimately decide not to pursue a secondary option, the report added.Apple, Intel and Samsung did not immediately respond to' requests 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.)

KRX:005930

Asia59d ago

PCCW Grants Over 1.6 Million Share Awards to CFO as Incentive

PCCW (HKG:0008) granted awards involving a little over 1.6 million shares to Group CFO Hui Hon Hing, Susanna, under a 2024 incentive scheme, according to a Tuesday Hong Kong bourse filing.The information and communication technology firm now has over 764 million shares available for future grant under the scheme mandate limit and 38.7 million shares under the service provider sublimit.

HKG:0008

Asia59d ago

Ajanta Pharma Posts Gains in Fiscal Q4 Consolidated Net Profit

Ajanta Pharma (NSE:AJANTPHARM, BOM:532331) recorded a rise in its consolidated net profit to 2.67 billion Indian rupees in the fiscal fourth quarter ended March 31 from 2.25 billion rupees a year ago.Earnings per share climbed to 21.34 rupees from 18 rupees a year earlier, according to a Tuesday filing by the pharmaceutical company.Revenue from operations in fiscal Q4 also increased to 14.2 billion rupees from 11.7 billion rupees a year earlier, the filing said.

BOM:532331NSE:AJANTPHARM

Asia59d ago

Market Chatter: Konica Eyes Commercialization of AI-Powered Microbe Detection System by March 2029

Japanese imaging product manufacturer Konica Minolta (TYO:4902) plans to commercialize an AI-powered system by March 2029 that uses hyperspectral imaging to reduce the time necessary to select high-yield microbes for food production by over 90%, Nikkei Asia reported Tuesday.The technology, developed with the National Institute of Advanced Industrial Science and Technology (AIST), replaces manual microscope-based selection with a faster, data-driven system that lowers processing time, 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.)

TYO:4902

Asia59d ago

Indian Equities Slip on Tuesday as Geopolitical Tensions, Profit Booking Weigh

Indian benchmark indices ended lower on Tuesday as profit booking in financial heavyweights and renewed U.S.-Iran tensions weighed on sentiment.The BSE Sensex fell 251.61 points, or 0.3%, to close at 77,017.79, while the NSE Nifty 50 declined 86.50 points, or 0.4%, to settle at 24,032.80.Markets remained volatile through the session amid weak global cues, elevated crude oil prices, and continued uncertainty around potential U.S.-Iran talks. Investors tracked the latest set of March-quarter earnings.Among stocks, Mahindra & Mahindra (NSE:M&M, BOM:500520) gained over 3% after reporting a rise in consolidated profit to 46.7 billion rupees in fiscal Q4 from 33.0 billion rupees a year earlier. Revenue from operations increased to 549.8 billion rupees from 426.0 billion rupees.Force Motors (NSE:FORCEMOT, BOM:500033) fell nearly 2% after reporting a 4.3% year-on-year decline in total vehicle sales to 3,113 units in April.

^BSENifty 50BOM:500033BOM:500520NSE:FORCEMOTNSE:M&M

Asia59d ago

Market Chatter: Hong Kong Exchanges and Clearing Inches Closer to Gold Futures Relaunch

Hong Kong Exchanges and Clearing (HKG:0388) is set to restart gold futures trading on the local bourse, with preparatory work on a central clearing system at its final stage, The (Hong Kong) Standard reported.Joseph Chan Ho-lim, acting secretary for financial services and the Treasury, was quoted in the Monday report as saying that HKEX is expected to provide further details in due course, but that trial operations for the relaunch are expected within the year.(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:0388

Asia59d ago

Market Chatter: AGC Halts Green Hydrogen Component Plant Construction in Kitakyushu

Japanese glass manufacturer AGC (TYO:5201) halted the construction of a green hydrogen component facility in Kitakyushu due to a global slowdown in carbon reduction efforts and hydrogen project delays, Nikkei Asia reported Monday.The chemical facility was intended to produce ion exchange membranes and was scheduled to begin operations this year. The company had planned to expand the plant and generate sales of 30 billion yen by fiscal 2030, the report said.AGC said it will take into consideration future demand conditions for hydrogen before resuming construction.(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.)

TYO:5201

Asia59d ago

Borneo Oil Prices Private Placement Shares

Borneo Oil (KLSE:BORNOIL) fixed the issue price of its private placement shares at 0.005 ringgit apiece, according to a Tuesday Malaysian bourse filing.The operator of fast-food restaurant franchises in Malaysia and Australia had proposed to place up to 10% of its issued shares.

KLSE:BORNOIL

Asia59d ago

Mun Siong Engineering Narrows Net Loss in Q1

Mun Siong Engineering's (SGX:MF6) net loss before tax narrowed during the first quarter of the year to SG$1 million from SG$1.9 million a year earlier, according to a Tuesday filing with the Singapore Exchange.Total revenue declined 13% year over year to SG$13.8 million from SG$15.7 million, as revenue from Taiwan, Malaysia and the US declined significantly.

SGX:MF6

Asia59d ago

StanChart's Fintech Arm Invests in Crypto Services Group GSR

Standard Chartered's (HKG:2888) SC Ventures fintech unit invested in crypto capital markets and liquidity services group GSR.While the financial details were not disclosed in the Tuesday statement, a same-day report from Bloomberg News quoted a spokesperson as saying that the deal values GSR at more than $1 billion.The lender's SC Ventures is GSR's first external strategic shareholder since it was established in 2013. The partners plan to work on building a scalable digital asset market infrastructure.

HKG:2888

Asia59d ago

Hotung Investment Buys Back Shares

Hotung Investment (SGX:BLS) bought back 70,000 shares in the open market on Tuesday for SG$111,511, according to a same-day filing with the Singapore Exchange.The venture capital investment company has been mandated to repurchase around 9.5 million shares under its existing repurchase mandate.

SGX:BLS

Asia59d ago

Market Chatter: StanChart to Sell Kenya HQ in Space-Efficiency Drive

Standard Chartered (HKG:2888) placed on the market its head office in East Africa as part of a wider "space-efficiency program," a Monday report said.Bloomberg News reported, citing a company statement, that the lender affirmed its long-term strategy in Kenya despite the planned sale of the seven-story building in Nairobi.StanChart 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.)

HKG:2888

Asia59d ago

Lee Kee Forecasts Turnaround to Full-Year Profit

Lee Kee Holdings (HKG:0637) expects an attributable profit of between HK$4.6 million and HK$6.9 million for the year ended March 31, compared with a loss of HK$36.1 million a year prior, according to a Tuesday Hong Kong bourse filing.The metal products trading company attributed the forecast to a boost in gross profit, robust supply chain management, and land resumption compensation.

HKG:0637

Asia59d ago

NACL Industries Narrows Consolidated Net Loss in Fiscal Q4; Shares Up 4%

NACL Industries (NSE:NACLIND, BOM:524709) narrowed its consolidated net loss to 8.6 million Indian rupees in the fiscal fourth quarter ended March 31 from a loss of 500 million rupees a year ago.Loss per share narrowed to 0.04 rupees from a loss per share of 2.31 rupees a year earlier, the agrochemical company said in a filing to the Indian stock exchanges.Revenue from operations in fiscal Q4 increased to 3.61 billion Indian rupees from 2.01 billion rupees a year ago.The company's shares were up nearly 4% at market close on Tuesday.

BOM:524709NSE:NACLIND

Asia59d ago

Beng Kuang Marine's Net Profit Slides 13% in Q1

Beng Kuan Marine's (SGX:BEZ) net profit fell 13% year on year to SG$2.8 million in the first quarter, according to a Tuesday filing with the Singapore Exchange.Revenue jumped 7.7% year over year to SG$25.7 million, with the floating production, storage, and offloading segment comprising a significant portion of the total revenue.

SGX:BEZ

Asia59d ago

Manappuram Finance Turns to Profit in Fiscal Q4

Manappuram Finance (NSE:MANAPPURAM, BOM:531213) posted a consolidated attributable net profit of 4.04 billion Indian rupees in the fiscal fourth quarter ended March 31 against a consolidated loss of 1.91 billion rupees a year ago.Earnings per share stood at 4.76 rupees compared with a loss per share of 2.40 rupees a year earlier, according to a filing to the stock exchanges on Monday by the financial services provider.Revenue from operations in fiscal Q4 increased year on year to 26.1 billion rupees from 23.6 billion rupees a year earlier.The company's board recommended an interim dividend of 0.50 rupees per share for the fiscal year ended March 31, which will be paid to shareholders on record as of May 11.

BOM:531213NSE:MANAPPURAM

Asia59d ago

ValueMax Group Issues Shares on Exercise of Warrants

ValueMax Group (SGX:T6I) allotted and issued over 193,800 shares on Tuesday pursuant to the exercise of the same number of warrants at an exercise price of SG$0.36 each, according to a same-day filing with the Singapore Exchange.Following the exercise, the company's share capital has increased to about 946.8 million shares, the filing said.

SGX:T6I

Asia59d ago

Malaysian Shares Extend Gains Ahead of Interest Rate Decision; Feytech's Shares Rise 6%

Malaysian shares ended in green on Tuesday, ahead of the interest rate decision later this week. The investor sentiment remained upbeat following the release of positive manufacturing data.Malaysia's manufacturing sector expanded at its fastest pace in four years in April, supported by stronger output and a return to growth in new orders, according to data released by S&P Global.The FTSE Bursa Malaysia KLCI gained 7.66 points to end 0.4% higher at 1,747.43. The day range was between 1,732.64 and 1,747.82.In local news, Malaysia's Health Ministry has formed a Special Task Force on Drug and Medical Device Safety to act as a central command unit to reinforce the country's supply resilience amid intensifying global supply disruptions, The Star reported. Health Minister Dr. Dzulkefly Ahmad said the system includes real-time monitoring and broader diversification of pharmaceutical procurement sources.In corporate news, Manforce Group (KLSE:MFGROUP) is scheduled to make its debut on Bursa Malaysia's ACE Market on Wednesday. The workforce solutions provider's enlarged issued share capital stands at 399.98 million units, with a total capital base of 51.7 million ringgit.Shares of Feytech (KLSE:FEYTECH) jumped over 6% on Tuesday's close after its unit Gosford Leather Industries bagged a deal to supply seat covers for Perusahaan Otomobil Nasional (Proton) for an upcoming modelMeanwhile, shares of Exsim Hospitality (KLSE:EXSIMHB) gained 3% on close after its subsidiary EXSIM Concepto accepted a letter of award from Epic Team Construction worth 2.08 million ringgit.

FTSE Bursa Malaysia KLCIKLSE:EXSIMHBKLSE:FEYTECHKLSE:MFGROUP

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