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City Union Bank Opens 13 New Branches in India

City Union Bank (NSE:CUB, BOM:532210) has opened 13 new branches in India, taking its total branch network to 1,000, according to a Monday filing to the Indian stock exchanges.The bank's shares were up over 4% in Tuesday's trade.

BOM:532210NSE:CUB

Asia64d ago

Vala Enters Model Development Agreement With SAIC Motor Unit

Vala (HKG:2051) entered a model development agreement with a SAIC Motor (SHA:600104) unit to jointly develop a vehicle based on the latter's Dana model, the firm said in a Hong Kong bourse filing Monday.The credit card management firm's shares fell by more than 1% in Hong Kong, while SAIC shares slipped almost 1% in Shanghai in early afternoon trade Tuesday.Under the partnership, both sides will work to develop two versions of the vala house model: an all-electric version and an extended-range version.Vala will be primarily responsible for designing model customization schemes and developing relevant specialized components, while SAIC Maxus RV Technology will be primarily responsible for vehicle technical verification and manufacturing.

HKG:2051SHA:600104

Asia64d ago

HMA Agro Industries to Sell Entire Stake in Two Wholly-Owned Subsidiaries

HMA Agro Industries (NSE:HMAAGRO, BOM:543929) has agreed to sell its entire stake in its non-operational wholly-owned subsidiaries, FNS Agro Foods and Laal Agro Food, to individual buyers, according to a Tuesday filing to the Indian stock exchanges.The company will sell its entire stakeholding in FNS Agro Foods, comprising 895,593 equity shares of face value of 10 rupees each, and 9,999 equity shares of face value of 10 rupees each of Laal Agro Food.Both transactions are expected to be completed by May 30, after which the two arms will no longer be subsidiaries of the company.

BOM:543929NSE:HMAAGRO

Asia64d ago

H2G Green's Unit Commissions LNG Facility; Shares Zoom 17%

H2G Green's (SGX:5AI) subsidiary, GasHubUnited Utility, commissioned a major liquefied natural gas facility in Singapore, according to a Monday filing with the Singapore Exchange.Shares of the energy solutions company surged nearly 17% in Tuesday trading.The contract was secured from a large-scale laundry provider which operates over 12,000 square meters of production across three plants.The unit will design, construct and commission the facility to support the laundry provider's thermal energy needs.

SGX:5AI

Asia64d ago

China Blocks Meta's $2 Billion Deal to Acquire Manus

China is requiring Meta to unwind its $2 billion deal to acquire artificial intelligence startup Manus after a review, the National Development and Reform Commission said in a Monday disclosure.The regulator said the decision was "in accordance with laws and regulations, and has required the parties involved to withdraw the acquisition transaction."A spokesperson for Meta told CNBC that the deal fully complied with the law, according to a Monday report.Manus, which relocated to Singapore after being established in China, develops AI agents, including one that can conduct complex tasks such as market research and coding, CNBC said.

Shanghai Composite^SZSE

Asia64d ago

Asymchem Laboratories' Profit Falls 6.8% in Q1; Shares Rise 8%

Asymchem Laboratories (HKG:6821, SHE:002821) posted a net profit attributable to shareholders of 304.3 million yuan for the first quarter, down 6.8% from 326.6 million yuan a year earlier, according to a Monday Hong Kong bourse filing.Hong Kong-listed shares of the pharmaceutical outsourcing services firm were up nearly 8% in Tuesday's midday trade.Earnings per share came in at 0.84 yuan, compared with 0.89 yuan in the prior-year period.Revenue rose 17% to 1.80 billion yuan from 1.54 billion yuan a year earlier.

HKG:6821SHE:002821

Asia64d ago

HighTide Therapeutics Agrees to Lend HK$15 Million to CEO

HighTide Therapeutics (HKG:2511) agreed to lend up to HK$15 million to its CEO Liu Liping, it said in a Monday Hong Kong bourse filing.The pharmaceutical company's shares fell 1% in early afternoon trade Tuesday.Borrowings under the facility are payable a year from drawdown and will accrue interest at 3.50% per annum.

HKG:2511

Asia64d ago

BAIC Motor Swings to Q1 Loss; Shares Fall 9%

BAIC Motor (HKG:1958) posted a net loss attributable to owners of the parent of 829.5 million yuan for the first quarter, compared with a profit of 929.4 million yuan a year earlier, according to a Monday Hong Kong bourse filing.Shares of the firm were down nearly 9% in Tuesday's midday trade.Operating revenue fell to 31.4 billion yuan from 42.4 billion yuan in the prior-year period.

HKG:1958

Asia64d ago

Rechi Precision Logs NT$232 Million Profit in Q1; Shares Drop 3%

Rechi Precision (TPE:4532) posted a profit attributable to owners of NT$231.5 million, or NT$0.48 per basic share, for the first quarter, according to a Monday Taiwan bourse filing.Shares dropped about 3% in Tuesday's afternoon trade.The company did not provide comparative year-ago figures.Operating revenue stood at NT$6.03 billion, the compressor manufacturer said.

TPE:4532

Asia64d ago

GenusPlus Advances Tasmania Project Under Limited Notice to Proceed

GenusPlus Group (ASX:GNP) advanced the North West Transmission Development stage 1 project through limited notice to proceed, completing around AU$42 million in engineering and design works and commencing about AU$80 million in early works and procurement, according to a Tuesday filing with the Australian bourse.The project will enter the construction phase once TasNetworks issues a notice to proceed and obtains the required final investment decisions, along with planning and environmental approvals, per the filing.Construction is expected to be completed by 2029, the filing added.The company's shares fell 1% in recent Tuesday trade.

ASX:GNP

Asia64d ago

China Mengniu Dairy Logs Sharp Rise in 2025 Profit

China Mengniu Dairy (HKG:2319) recorded 1.55 billion yuan in attributable profit for 2025, a sharp rise from 105 million yuan in 2024, according to a Hong Kong bourse filing Monday.The dairy company's shares fell nearly 2% in late morning trade Tuesday.Earnings per share were 0.395 yuan, compared with 0.027 yuan in the prior year.Revenue fell 7.3% year on year to 82.2 billion yuan, figures showed.The company also proposed a final dividend of 0.52 yuan for the year.

HKG:2319

Asia64d ago

Changan Automobile Q1 Profit Down 74%, Revenue Slips 4%

Chongqing Changan Automobile (SHE:000625) posted first-quarter attributable net profit of 350.5 million yuan, down 74% from 1.35 billion yuan the previous year.Earnings per share fell to 0.04 yuan from 0.14 yuan, according to a Tuesday filing with the Shenzhen bourse.Revenue declined 4.3% year over year to 32.7 billion yuan from 34.2 billion yuan.Shares of the automobile company were down 1% in recent trade.

SHE:000625

Asia64d ago

Liwanli Innovation Logs NT$114 Million Profit in Q1; Shares Tank 10%

Liwanli Innovation (TPE:3054) posted a profit attributable to owners of NT$113.8 million, or NT$1.41 per basic share, for the first quarter, according to a Monday Taiwan bourse filing.Shares slumped 10% in Tuesday's midday trade.The company did not provide comparative figures for the year-ago period.Operating revenue stood at NT$135.9 million, the healthcare technology company said.

TPE:3054

Asia64d ago

AsiaInfo Technologies Posts Narrower Q1 Loss

AsiaInfo Technologies (HKG:1675) posted a net loss of about 308 million yuan for the first quarter, narrowing 14% from a year earlier, according to a Monday Hong Kong bourse filing.Shares of the firm were down nearly 3% in late morning trade on Tuesday.Revenue fell 6.9% to about 994 million yuan.The company attributed the loss to seasonal procurement cycles, business restructuring, and one-off workforce optimization costs, while noting improved operating margins.

HKG:1675

Asia64d ago

COSCO Shipping Energy's Profit Rises Sharply in Q1

COSCO Shipping Energy Transportation (HKG:1138, SHA:600026) recorded 2.17 billion yuan in attributable profit during the first quarter of 2026, more than triple the 708.5 million yuan recorded a year earlier, according to a Hong Kong bourse filing Monday.The Chinese shipping company's Hong Kong-listed shares fell over 3% in late morning trade Tuesday.Earnings per share were 0.3971 yuan, compared with 0.1485 yuan in the prior year.Revenue jumped 27% year on year to 7.30 billion yuan, figures showed.

HKG:1138SHA:600026

Asia64d ago

St George Mining Developing Technology to Separate Cerium, Lanthanum From Brazil Project Rare Earths

St George Mining (ASX:SGQ) is developing proprietary technology to separate cerium and lanthanum from the rare earths mineralization from the Araxa project in Brazil, according to a Tuesday Australian bourse filing.The separated cerium will then be available for manufacture of a commercial cerium product, the filing said. The company will collaborate with Nanum Nanotecnologia on the commercialization of the cerium component in the large rare earths resource.The company acquired land at Araxa for the potential construction of new facilities, per the filing.St George Mining's shares rose nearly 2% in recent trading on Tuesday.

ASX:SGQ

Asia64d ago

GoFintech Innovation Co-CEO Resigns

GoFintech Innovation's (HKG:0290) co-chief executive Zhang Huachen resigned from the role to give time to other business commitments, the firm said in a Hong Kong bourse filing Monday.The securities brokerage's shares gained 1% in late morning trade Tuesday.With Zhang's departure, Yuan Tianfu was re designated as the sole chief executive of the company.

HKG:0290

Asia64d ago

Yanghe Brewery Q1 Profit Down 33%, Revenue Slides 26%

Jiangsu Yanghe Brewery (SHE:002304) posted first-quarter attributable net profit of 2.45 billion yuan, down 33% from 3.64 billion yuan the previous year.Earnings per share fell to 1.6241 yuan from 2.4144 yuan, according to a Tuesday filing with the Shenzhen bourse.The liquor company's revenue declined 26% year over year to 8.19 billion yuan from 11.1 billion yuan.

SHE:002304

Asia64d ago

Shui On Land Unit to Issue $150 Million in Debt

Shui On Land (HKG:0272) said its Shui On Development unit plans to issue $150 million in offshore debt, according to a Hong Kong bourse filing Monday.The property developer's shares fell nearly 2% in late morning trade Tuesday.The debt will be offered as 9.75% senior notes due 2029 and guaranteed by the group.The notes will be listed in Singapore and proceeds raised will be used to refinance the company's existing borrowings.

HKG:0272

Asia64d ago

Shenzhen Dobot Completes A Share Listing Filing in China

Shenzhen Dobot (HKG:2432) completed the A share listing filing to go public in China, the firm said in a statement to the Hong Kong bourse Monday.The robotics services company's shares fell nearly 1% in late morning trade Tuesday.The firm submitted application materials in regards to the proposed A share offering on the ChiNext Market of the Shenzhen Stock Exchange.The filing was accepted by the exchange, the firm said.

HKG:2432

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