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Datang Renewable Sells 2 Billion Yuan Bonds

China Datang Renewable Power (HKG:1798) completed the issue of 2 billion yuan of 122 day-bonds carrying an interest rate of 1.38% on Monday, according to a Wednesday Hong Kong bourse filing.The power supplier will use proceeds from the issue to repay borrowings and improve its financing structure.

HKG:1798

Asia68d ago

United Laboratories' Unit Gets China Nod for Atopic Dermatitis Drug Trial

The United Laboratories International (HKG:3933) unit Zhuhai United Bio-Pharmaceutical obtained approval for a clinical trial of dupilumab bio-similar from China's National Medical Products Administration, according to a Wednesday Hong Kong bourse filing.The approved indication is for atopic dermatitis.

HKG:3933

Asia68d ago

SBI Life Insurance Net Profit Declines in Fiscal Q4

SBI Life Insurance's (NSE:SBILIFE, BOM:540719) net profit fell to 8.05 billion Indian rupees in the fiscal fourth quarter from 8.13 billion rupees a year ago, according to an Indian bourse filing on Tuesday.Earnings per share for the quarter ended March 31 slipped to 8.02 rupees from 8.11 rupees a year earlier.The company's net premium income increased year on year to 276.8 billion rupees from 238.6 billion rupees, the filing said.

BOM:540719NSE:SBILIFE

Asia68d ago

Market Chatter: HSBC Shortlists Bidders for Singapore Insurance Unit

HSBC Holdings (HKG:0005) shortlisted Allianz, Daiichi Life Group, and Sumitomo Life Insurance as potential buyers of its unit HSBC Life Singapore, Bloomberg News reported Wednesday, citing people familiar with the matter.The Singapore insurance unit may be valued at up to $2 billion, with the shortlisted firms preparing binding bids in the coming weeks, the report said, citing the sources.A spokesperson from HSBC toldthat the unit is "under a strategic review" with no decision having been taken.Allianz declined to comment, while Daiichi and Sumitomo did not immediately respond to requests for statements.(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:0005

Asia68d ago

Page Industries Board to Consider Fourth Interim Dividend for Fiscal 2026

Page Industries (NSE:PAGEIND, BOM:532827) board will meet on May 21 to consider the payment of a fourth interim dividend for fiscal 2026 ended March 31, according to a Wednesday filing by the underwear company.The dividend will be paid to shareholders of record on May 27, the filing said.

BOM:532827NSE:PAGEIND

Asia68d ago

Legend Strategy Changes Name to Biosysen

Legend Strategy International changed its English name to Biosysen (HKG:1355), alongside a change in its Chinese name, according to a Wednesday Hong Kong bourse filing.The move follows the receipt of relevant regulatory and shareholder approvals.The budget hotel operator said it will make further announcements related to a change in its stock short name as and when appropriate.

HKG:1355

Asia68d ago

Chia Tai Enterprises Warns of Lower Profit in Q1

Chia Tai Enterprises International (HKG:3839) expects an attributable profit of around $5.5 million for the three months ended March 31, down from $7.7 million a year prior, according to a Wednesday Hong Kong bourse filing.The industrial machinery and equipment company attributed the forecast to a decline in the profit contribution from its chlortetracycline products.

HKG:3839

Asia68d ago

Mitsubishi Chemical Expects 30 Billion Yen Impairment Loss from UK Plant Costs Overruns

Mitsubishi Chemical Group (TYO:4188) revised its UK SoarnoLTM plant investment plan after construction delays, complex contracts, and surging material and labor costs amid global inflation drove expenses far above initial projections.The company now expects to record an impairment loss of approximately 30 billion yen for the fiscal year ended March 31, on SoarnoLTM-related fixed assets, including investment-related expenses incurred to date, according to a Tokyo bourse filing on Wednesday.This anticipated loss was not factored into the consolidated earnings forecast released on Feb. 5, and the company stated that its full-year financial results, including the impact of the investment increase, are currently under review.Despite the setback, Mitsubishi Chemical reaffirmed that SoarnoLTM remains a core growth driver for its chemicals business, with the new manufacturing facility now scheduled to begin operations in fiscal 2027.

TYO:4188

Asia68d ago

Huadian Power International's Output, Sales Jump 15% in Q1

Huadian Power International (SHA:600027, HKG:1071) generated a little over 59 million megawatt-hours of power in the first quarter of 2026, up 15% from a year prior, according to a Wednesday Hong Kong bourse filing.The amount of on-grid electricity sold jumped 15% year over year to 55.4 million megawatt-hours.Based on retroactively adjusted data from the prior-year period, output and on-grid electricity sold slipped 8.4% and 8.5%, respectively.This was due to a rise in the installed capacity of new energy sources and the crowding out of the power generation space of existing units by newly installed capacity.The average tariff of on-grid electricity sold in the three months fell 2.6% to around 504.28 yuan per megawatt-hour compared with retroactively adjusted data in the prior-year period.

HKG:1071SHA:600027

Asia68d ago

Premier Explosives Gets Export Orders Worth INR3.50 Billion for Defense Products

Premier Explosives (NSE:PREMEXPLN, BOM:526247) has received export orders worth 3.50 billion Indian rupees for the supply of defense products, according to a Wednesday filing on Indian bourses.The orders are to be executed over a period of two years, the company said in the filing.

BOM:526247NSE:PREMEXPLN

Asia68d ago

HDB Financial Services Raises INR3 Billion via Debt Offering

HDB Financial Services (NSE:HDBFS, BOM:544429) has raised 3 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a filing to the Indian stock exchanges on Wednesday.The company has allotted 30,000 non-convertible debentures of a face value of 100,000 rupees each with a coupon rate of 7.7545% per annum.The debentures are proposed to be listed on the wholesale debt market segment of the BSE and are scheduled to mature on May 4, 2029.

BOM:544429NSE:HDBFS

Asia68d ago

New Oriental Sees 45% Boost in Fiscal Q3 Profit

New Oriental Education & Technology Group (HKG:9901) recorded an attributable net income of $126.8 million in the third fiscal quarter ended Feb. 28, up 45% from $87.3 million a year prior, according to a Wednesday Hong Kong bourse filing.Earnings per share rose to $0.08 from $0.05 in the corresponding period of the previous fiscal year.Net revenues jumped 20% to $1.42 billion in the three months from $1.18 billion in the year-ago period, driven by a higher revenue from the new educational business initiatives.For the nine months ended Feb. 28, attributable net income and revenue each rose 13% year over year to $413 million and $4.13 billion, respectively.

HKG:9901

Asia68d ago

LG Uplus Ties Up with US-based MongoDB to Build Integrated AI Data Platform

LG Uplus (KRX:032640) signed a memorandum of understanding with New York-based data platform company MongoDB to build an integrated AI data platform, the South Korean mobile network operator said in a Wednesday release.LG Uplus plans to expand its AI contact center data abilities across company-wide services via the agreement.LG Uplus will adopt an AI-ready unified data platform through its collaboration with MongoDB, which will give it faster access to customer data such as consultation history and conversation logs, the release said.Shares of LG Uplus fell nearly 4% at market close.

KRX:032640

Asia68d ago

Nanya Technology Buys Factory Equipment Worth NT$365 Million

Nanya Technology (TPE:2408) acquired factory equipment worth NT$365.1 million for production purposes.The equipment was purchased from Nan Ya Photonics, a related party, between December 2025 and April 2026, according to a Wednesday Taiwan Exchange filing.The purchase will support the company's operational and manufacturing needs, itthe company said.

TPE:2408

Asia68d ago

LG, Nvidia to Develop Domain-Specific AI Models

LG AI Research Institute and Nvidia agreed to expand their collaboration to develop new AI models, LG Corp. (KRX:003550) said in a press release on Wednesday.The two entities plan to develop domain-specific AI solutions, which would involve combining LG's AI model ExaONE with Nvidia's Nemotron AI ecosystem, the release said.Shares of LG Corp. rose nearly 1% at market close.

KRX:003550

Asia68d ago

Hengrui Pharma's Q1 Profit Climbs 22%

Jiangsu Hengrui Pharmaceuticals' (SHA:600276, HKG:1276) recorded a 22% rise in attributable profit for the first quarter of 2026 to 2.28 billion yuan from 1.87 billion yuan a year prior, according to a Wednesday Hong Kong bourse filing.Earnings per share jumped to 0.34 yuan from 0.30 yuan in the corresponding period of the previous fiscal year.Operating revenue climbed 13% to 8.14 billion yuan from 7.21 billion yuan in the year-ago period.

HKG:1276SHA:600276

Asia68d ago

SK hynix to Build KRW19 Trillion Advanced Packaging Facility to Meet AI Memory Demand

SK hynix (KRX:000660) plans to build P&T7, an advanced packaging fab in the Technopolis Industrial Complex in Cheongju to meet global demand for AI memory, the South Korean semiconductor firm said in a Wednesday filing with the Korea Exchange.The company will invest about 19 trillion won for factory construction and production facility setup, the filing said.

KRX:000660

Asia68d ago

China Everbright Environment Unit Sells 1 Billion Yuan Bonds

China Everbright Environment (HKG:0257) unit Everbright Environmental Protection (China) completed the issue of 1 billion yuan of bonds on Monday, according to a Wednesday Hong Kong bourse filing.The bonds carry an interest rate of 1.7% per annum and will fall due April 21, 2029.Everbright Environmental Protection (China) will use proceeds for green and low-carbon waste-to-energy projects.

HKG:0257

Asia68d ago

Market Chatter: Japan to Hold Urgent Meeting with Megabanks, BOJ, TSE Chief Over Anthropic's Mythos AI Risks

Finance Minister Satsuki Katayama will meet on Friday with Japan's three largest lenders - Mitsubishi UFJ (8306), Sumitomo Mitsui (8316), and Mizuho (8411)- to discuss risks related to Anthropic's AI model Mythos, Bloomberg News reported on Wednesday.Bank of Japan Governor Kazuo Ueda and Japan Exchange Group (TYO:8697) CEO Hiromi Yamaji are also expected to attend, the news wire said, citing people familiar with the matter.Katayama told reporters on Wednesday that the discussion will begin with sharing assessments of the situation and exchanging views on issues raised in the US and concerns across the international financial community, the publication said.The meeting follows global regulators' response to cybersecurity flaws exposed by Mythos, which has had only a limited release, with Katayama warning that malicious actors could exploit its power, the report said.Mythos, Anthropic's newest model under its Claude AI system, is reportedly capable of outperforming humans at certain hacking and cybersecurity tasks, according to various reports.(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:8306TYO:8316TYO:8411TYO:8697

Asia68d ago

Indian Equities Fall Sharply on Wednesday as IT Sell-Off, Crude Oil Rebound Weigh

Indian benchmark indices ended lower on Wednesday as a sharp decline in technology stocks and higher crude oil prices pressured the market.The BSE Sensex fell 756.84 points, or 1%, to close at 78,516.49, while the NSE Nifty 50 dropped 198.50 points, or 0.8%, to settle at 24,378.10.There was broad-based selling in IT stocks, as weaker-than-expected earnings startled investors, triggering a sharp pullback across the sector.Sentiment also remained cautious as markets awaited clarity on the next steps in U.S.-Iran negotiations. The U.S. announced an extension of the ceasefire to allow further talks, but the move appeared unilateral, with no immediate confirmation from Iran or Israel.Among stocks, HCL Technologies (NSE:HCLTECH, BOM:532281) plummeted nearly 11% after its March quarter results, released post-market hours on Tuesday, missed estimates despite a rise in profit and revenue.Tech Mahindra (NSE:TECHM, BOM:532755) fell nearly 3% after reporting an increase in fiscal Q4 profit to 13.5 billion rupees from 11.7 billion rupees a year earlier, with revenue also rising.

^BSENifty 50BOM:532281BOM:532755NSE:HCLTECHNSE:TECHM

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