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Hong Fok Buys Back More Shares

Hong Fok (SGX:H30) bought back 280,000 shares in the open market on Thursday for around SG$277,144, according to a same-day after-market filing with the Singapore Exchange.To date, the property investment company has bought back 280,000 shares.

SGX:H30

Asia63d ago

Hatten Land Proposes Arrangement Scheme with Creditors as Part of Recovery Plan

Hatten Land's (SGX:PH0) judicial managers proposed a pre-packaged scheme of arrangements with the company's creditors as part of a broader restructuring plan, according to a Thursday filing with the Singapore Exchange.The scheme is part of the financially distressed company's proposed acquisition of Metrocon from LBD Engineering for SG$28 million, which will be satisfied through the issuance of over 107.7 million shares.The acquisition-tied scheme is expected to provide creditors with a better recovery than liquidation, where recoveries are anticipated to be nil, the property developer said.Under the scheme, creditors would receive new shares proportional to their approved claims, the filing said.Both the scheme and the acquisition are inter-conditional and cannot proceed without each other, Hatten Land said.

SGX:PH0

Asia63d ago

CapitaLand China Trust Manager Names CFO

CapitaLand China Trust's (SGX:AU8U) manager, CapitaLand China Trust Management, named Yan Lintong as its chief financial officer, effective May 1, according to a Thursday filing with the Singapore Exchange.Yan has been serving as the manager's CFO Designate since October 2025.

SGX:AU8U

Asia63d ago

Power & Instrumental (Gujarat) Gets Additional Orders for Udaipur Airport Project

Power & Instrumental (Gujarat) (NSE:PIGL, BOM:543912) has received two additional work orders worth 26.2 million Indian rupees for the Udaipur Air Terminal project, according to a Wednesday filing on Indian bourses.Shares of the company fell nearly 2% in Thursday's trade.The scope includes design, supply, installation, testing and commissioning of electrical systems, the filing said. The orders are to be executed within 4 to 8 weeks from approval of drawings, it added.With this, the total order value for the project has increased to about 605.1 million rupees, the company said in the filing.

BOM:543912NSE:PIGL

Asia63d ago

US Lawmakers Open Probe Into Chinese AI Models

U.S. lawmakers are conducting an investigation into companies' usage of Chinese artificial intelligence models due to national security concerns.Through letters, the House Committee on Homeland Security and the House Select Committee on the Chinese Communist Party requested Airbnb and Anysphere on Wednesday for information that may assist them in the probe.The requested information included documents that can identify the Chinese AI models used by the companies.The probe came after AI laboratories found that three Chinese AI companies, DeepSeek, Moonshot AI and MiniMax were able to extract information through adversarial distillation where the platforms were able to generate exchanges with American AI systems through about 24,000 fraudulent accounts, the committees said.

Shanghai Composite^SZSE

Asia63d ago

Brahmaputra Infrastructure JV Emerges Lowest Bidder for Project Worth INR820 Million

Brahmaputra Infrastructure (BOM:535693) through its joint venture entity NCDC-Brahmaputra JV, has been declared the lowest bidder for a project worth 819.8 million Indian rupees from North Frontier Railway Construction, India, according to a Thursday filing to the BSE.The contract is for the construction of staff quarters, pump house, deep tube well, drain, road, and other ancillary works with all necessary electrification works in connection with the Lumding-Furkating Doubling project.The project is expected to be completed in 18 months.The company's shares were down nearly 1% in recent trade.

BOM:535693

Asia63d ago

Zhangzhou Pientzehuang Pharmaceutical's Attributable Profit Slides 26% in Q1

Zhangzhou Pientzehuang Pharmaceutical's (SHA:600436) attributable profit fell 26% to 743.5 million yuan in the first quarter from 999.8 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the drug company decreased to 1.23 yuan from 1.66 yuan in the prior-year period.Operating revenue declined 13% year over year to 2.74 billion yuan from 3.14 billion yuan.

SHA:600436

Asia63d ago

Nomura Adjusts Yum China Holdings' Price Target to HK$464 From HK$459, Keeps at Buy

HKG:9987

Asia63d ago

Nomura Adjusts Gree Electric Appliances' Price Target to 45.90 Yuan From 50.40 Yuan, Keeps at Buy

SHE:000651

Asia63d ago

Zhangzhou Pientzehuang Pharmaceutical's Attributable Profit Slides 27% in 2025

Zhangzhou Pientzehuang Pharmaceutical's (SHA:600436) attributable profit fell 27% to 2.16 billion yuan in 2025 from 2.98 billion yuan in 2024, according to a Thursday filing with the Shanghai bourse.Earnings per share at the drug company decreased to 3.58 yuan from 4.93 yuan in the previous year.Operating revenue declined 17% year over year to 9 billion yuan from 10.8 billion yuan.

SHA:600436

Asia63d ago

Novateor Research Laboratories Launches New Toothpaste

Novateor Research Laboratories (BOM:542771) has launched a new toothpaste named SmiloShine Herbafresh, formulated with eight herbs, according to a BSE filing on Thursday.The product is being launched in two variants of 6 grams and 100 grams in the domestic and international market.

BOM:542771

Asia63d ago

Malaysian Shares End in Green Amid Mixed Regional Performance; Tomypak's Shares Drop 3%

Malaysian shares ended flat but in the green ahead of a holiday, amid a mixed regional performance, and despite continued widespread selling pressure.The FTSE Bursa Malaysia KLCI gained 1points to end 0.1% higher at 1,722.02. The day range was between 1,712.14 and 1,722.03.In economic news, Malaysia's international reserves stood at $126.6 billion at end-March, according to data released by the central bank. Other foreign currency assets were recorded at $69 million, with the breakdown outlining expected inflows and outflows over the next 12 months.Moreover, Malaysia's Ministry of Finance has directed all ministries and agencies to restructure their operating budgets, citing pressure from global supply disruptions and rising subsidy costs that are weighing on public finances. The step is part of a broader effort to manage spending prudently and make better use of government resources, the finance ministry said.In corporate news, shares of Tomypak (KLSE:TOMYPAK) fell over 3% on close after the company disclosed plans to undertake a private placement of up to 43.1 million new shares, representing 10% of its issued share capital.Australia's AirTrunk will raise its investment in Malaysia by an additional 12 billion ringgit this year, lifting its total committed investment to 27 billion ringgit, The Star reported, citing Prime Minister Anwar Ibrahim. The announcement followed a courtesy visit on Wednesday by AirTrunk founder and CEO Robin Khuda and his delegation, where discussions focused on ongoing data centre developments in Johor, Malaysia.

FTSE Bursa Malaysia KLCIKLSE:TOMYPAK

Asia63d ago

Himile Mechanical Science and Technology's Attributable Profit Edges Down in Q1

Himile Mechanical Science and Technology's (SHE:002595) attributable profit fell 0.8% to 515.3 million yuan in the first quarter from 519.6 million yuan in the year-ago period, according to a Thursday filing with the Shenzhen bourse.Earnings per share at the radial tire mold manufacturer decreased 0.8% to 0.6460 yuan from 0.6515 yuan in the prior-year period.Operating revenue grew 17% year over year to 2.67 billion yuan from 2.28 billion yuan.

SHE:002595

Asia63d ago

China Merchants Shekou's Attributable Profit Drops 91% in Q1

China Merchants Shekou's (SHE:001979) attributable profit slid 91% to 39.1 million yuan in the first quarter from 445.4 million yuan in the year-ago period, according to a Thursday filing with the Shenzhen bourse.Earnings per share at the property manager fell to 0.004 yuan from 0.04 yuan in the prior-year period.Operating revenue rose 16% year over year to 23.7 billion yuan from 20.4 billion yuan.

SHE:001979

Asia63d ago

Nomura Adjusts CEAT's Price Target to INR4,276 From INR4,613, Keeps at Buy

BOM:500878NSE:CEATLTD

Asia63d ago

Nomura Adjusts Leela Palaces Hotels & Resorts' Price Target to INR530 From INR510, Keeps at Buy

BOM:544408NSE:THELEELA

Asia63d ago

Nomura Adjusts Bandhan Bank's Price Target to INR195 From INR175, Keeps at Neutral

BOM:541153NSE:BANDHANBNK

Asia63d ago

Nomura Adjusts Maruti Suzuki India's Price Target to INR13,435 From INR16,118, Keeps at Neutral

BOM:532500NSE:MARUTI

Asia63d ago

Tongfu Microelectronics' Q1 Profit Surges 225%

Tongfu Microelectronics' (SHE:002156) attributable profit rose 225% to 329.1 million yuan in the first quarter from 101.4 million yuan in the year-ago period, according to a Thursday filing with the Shenzhen bourse.Earnings per share at the integrated chip manufacturer increased 225% to 0.2168 yuan from 0.0668 yuan in the prior-year period.Operating revenue grew 23% year over year to 7.48 billion yuan from 6.09 billion yuan.

SHE:002156

Asia63d ago

Morgans Financial Downgrades Suncorp Group to Hold from Accumulate; Price Target is AU$17.79

ASX:SUN

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