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EPI Completes Nearly HK$193 Million Rights Issue; Shares Surge 23%

EPI (HKG:0689) said its rights issue was under-subscribed but fully taken up after underwriting arrangements, according to a Tuesday Hong Kong bourse filing.Shares of the oil explorer were up nearly 23% in Wednesday morning trade.The company said valid acceptances and applications totaled 725.2 million shares, representing about 58.6% of the 1.24 billion rights shares offered.The remaining 513.3 million shares, or about 41.5%, were unsubscribed and subsequently taken up by subscribers procured by the underwriter.Net proceeds from the rights issue are estimated at about HK$192.7 million.Dealings in the fully paid rights shares are expected to begin on Thursday, the company said.

HKG:0689

Asia70d ago

Knowledge Atlas to Acquire Property in Beijing for 360.5 Million Yuan

Knowledge Atlas Technology (HKG:2513) agreed to acquire Beijing Hongzuan Technology Development for 360.5 million yuan, according to a Hong Kong bourse filing on Tuesday.Shares of the artificial intelligence company fell nearly 5% in morning trade Wednesday.The company will pay 81.6 million yuan in cash to ACREP Diamond Investment, the seller, and assume 278.9 million yuan in loans owed by the target.Hongzuan Technology owns a property in Beijing that the firm said could meet its daily administrative and business operational needs.

HKG:2513

Asia70d ago

Toa Road Settles Shareholder Lawsuit With Former Director Over Antitrust Case

Toa Road (TYO:1882) has reached a settlement in a shareholder derivative lawsuit with a former director over antitrust violations tied to asphalt pricing, according to a Wednesday filing on the Tokyo Stock Exchange.The former director, Akira Shinya, agreed to pay 21 million yen to the company as part of the settlement.The case relates to violations linked to price fixing of asphalt mixtures, which led to a surcharge of 2.17 billion yen imposed by Japan's antitrust regulator.The lawsuit had been filed by shareholder Strategic Capital against current and former executives seeking damages. Toa Road had already settled with nine other defendants in January before reaching the latest agreement.

TYO:1882

Asia70d ago

Hanking Gold Unit Secures Mining Approval for Mt Bundy Project; Shares Gain 3%

Hanking Gold International (HKG:3788) said its unit, Primary Gold, obtained mining management plan approval and a deemed mining licence for the Mt Bundy Gold Project in Australia, according to a Tuesday Hong Kong bourse filing.Shares of the gold miner were up nearly 3% in morning trade on Wednesday.Hanking Gold plans to begin site works in early May and start processing plant construction in the third quarter, targeting first gold production in the first quarter of 2028.

HKG:3788

Asia70d ago

ASX Midday Sector Update: Information Technology Stocks Advance, Energy Sector Struggles

Information technology stocks advanced 2% at midday Wednesday.Shares of WiseTech Global (ASX:WTC) and Xero (ASX:XRO) rose 2% in recent trade.Meanwhile, the energy sector struggled, shedding 2%, as global oil demand is expected to plunge due to disruptions stemming from the ongoing Middle East conflict.Shares of Woodside Energy Group (ASX:WDS) fell nearly 3% in recent trade, while those of Santos (ASX:STO) were down over 2%.

ASX 200ASX:STOASX:WDSASX:WTCASX:XRO

Asia70d ago

Zhejiang Huahai Pharmaceutical Expects Up to 48% Rise in Q1 Profit on Stake Sale Gains

Zhejiang Huahai Pharmaceutical (SHA:600521) forecasts its attributable profit will rise 30% to 48% to between 387 million yuan and 440 million yuan in the first quarter from 297.4 million yuan in the year-ago period, according to a Wednesday filing with the Shanghai bourse.The expected rise is attributable to gains from the offloading of a 67% stake in subsidiary Huahai Tianheng (Shanghai) Pharmaceutical Research, the filing said.Shares rose 2% during morning trading on Wednesday.

SHA:600521

Asia70d ago

Shanghai Construction Group's 2025 Profit Slides 43%

Shanghai Construction Group's (SHA:600170) attributable profit fell 43% to 1.24 billion yuan in 2025 from 2.17 billion yuan in 2024, according to a Wednesday filing with the Shanghai bourse.Earnings per share at the construction company slid 56% to 0.08 yuan from 0.18 yuan in the previous year.Operating income declined 31% year over year to 206 billion yuan from 300.2 billion yuan.Shares increased nearly 1% during morning trading on Wednesday.

SHA:600170

Asia70d ago

Fiducian Group Posts Lower March Quarter Inflows, Higher Outflows; Shares Up 4%

Fiducian Group (ASX:FID) said net inflows to its core platform from the aligned dealer group for the quarter ended March 31 were AU$45 million, down from AU$59 million in the same period a year earlier, according to a Wednesday Australian bourse filing.Year-to-date inflows were AU$223 million, compared with AU$245 million last year, the company said.The company said net outflows from legacy independent financial advisers for the quarter were AU$17 million, bringing year-to-date outflows to AU$67 million, compared with AU$7 million and AU$41 million, respectively, in the prior corresponding periods.Fiducian Group said funds under management, administration, and advice as of March 31 totaled AU$14.5 billion, up from AU$13.9 billion a year earlier, with the badged platform and Auxilium fund balance at AU$250 million.The company said a pecuniary penalty of AU$7.3 million and Australian Securities and Investments Commission's legal costs of up to AU$650,000 relating to its investigations and legal proceedings have not yet been paid.The company's shares rose past 4% in recent Wednesday trade.

ASX:FID

Asia70d ago

Ling Yui Becomes Subject to Mandatory Takeover After Change in Ownership; Shares Soar 231%

Ling Yui Holdings (HKG:0784) said it became the subject of a mandatory takeover offer after a change in ownership of the business, according to a Hong Kong bourse filing Tuesday.Shares of the engineering services company surged nearly 231% in morning trade Wednesday.Four of the company's shareholders sold a combined 560.1 million shares, representing 70.02% of the business, to Hapbiotech Investment Holding at HK$0.2375 each, or HK$133 million in total.Hapbiotech Investment, which is owned by HaploX Investment, has now offered to acquire the rest of the company's shares at the same price.The firm said it had set up an independent board committee to advise minority shareholders on the matter.The company's board has also proposed changing the company's name to AiLife International Group.

HKG:0784

Asia70d ago

PYC Therapeutics Advances Optic Atrophy Drug to Multiple-Dose Study After Safety Clearance; Shares Up 7%

PYC Therapeutics (ASX:PYC) has been cleared by the safety review committee to advance PYC-001 candidate into a multiple ascending dose study in patients with autosomal dominant optic atrophy (ADOA), following positive four-week safety and tolerability results from the 60 microgram single ascending dose trial, according to a Wednesday filing with the Australian bourse.The company is currently assessing repeat dosing in ADOA patients to evaluate safety and preliminary efficacy, aiming to establish clinical proof of concept before initiating a global registrational trial to support a new drug application, the filing said.The results from the ongoing phase one and two multiple ascending dose study will be presented throughout 2026 and 2027, the filing added.The company's shares rose 7% in recent Wednesday trade.

ASX:PYC

Asia70d ago

Shanghai Construction's Value of Newly Signed Contracts Slide 6.5% in Q1

Shanghai Construction Group's (SHA:600170) value of its newly signed contracts fell 6.5% year over year to 60.4 billion yuan in the first quarter, according to a Wednesday filing with the Shanghai bourse.Contracts in the construction design segment edged down 1.6% to 50.3 billion yuan across 1,421 projects.Consulting and building contract value increased 19% to 1.97 billion yuan across 789 projects.Shanghai Construction's shares increased nearly 1% during morning trading on Wednesday.

SHA:600170

Asia70d ago

XRF Scientific Says Profit Before Tax Rises 11% in March Quarter; Shares Up 4%

XRF Scientific (ASX:XRF) said pre-tax profit for the March quarter rose nearly 11% to AU$3.7 million from AU$3.4 million a year earlier, with revenue up 14% to AU$15.8 million from AU$13.9 million, according to a Wednesday Australian bourse filing.The company said its new office in India became operational during the quarter, with first customer orders received in March for invoicing in the June quarter, and the opening is expected to generate additional momentum for sales development.The company's shares rose past 4% in recent Wednesday trade.

ASX:XRF

Asia70d ago

Guangzhou Development Group's Profit Jumps 34% in 2025

Guangzhou Development Group (SHA:600098) attributable profit rose 34% to 2.32 billion yuan in 2025 from 1.73 billion yuan in 2024, according to a Wednesday filing with the Shanghai bourse.Earnings per share at the green and low-carbon integrated smart energy company increased 34% to 0.6626 yuan from 0.4953 yuan in the previous year.Operating income grew 5.3% year over year to 50.8 billion yuan from 48.3 billion yuan.

SHA:600098

Asia70d ago

Waratah Minerals Identifies High-Grade Gold Mineralization in Australia Project

Waratah Minerals (ASX:WTM) intersected high-grade gold mineralization during a recent drilling at its Spur gold project in New South Wales, Australia, according to a Wednesday Australian bourse filing.The results were up to 54 meters at 1.88 grams per tonne grade of gold from 446 meters, including 20 meters at 4.42 g/t gold from 476 meters.The company said two drill holes returned expanding high-grade mineralization 75 meters along strike and 100 meters toward surface.Drilling continues with 10 drill rigs onsite, the company said.The company's shares slipped 1% in recent Wednesday trade.

ASX:WTM

Asia70d ago

Modern Chinese Medicine Flags High Concentration of Shareholding

Modern Chinese Medicine Group (HKG:1643) flagged a high concentration of shareholding in the firm's shares following a request from the Hong Kong Stock Exchange, according to a filing with the city's bourse Tuesday.Shares of the medicine seller fell over 7% in morning trade Wednesday.According to the notice, 25 shareholders collectively controlled 90.6% of the company's issued share capital, leaving only 9.4% of the issued shares in the hands of other shareholders.This meant that the shares may not have a genuine market and prices could fluctuate "substantially" even with a small number of shares traded, Modern Chinese Medicine said.

HKG:1643

Asia70d ago

Kingston Resources Confirms High-Grade Polymetallic Mineralization at New South Wales Mine; Shares Up 4%

Kingston Resources (ASX:KSN) confirmed high-grade polymetallic mineralization from underground infill drilling at Southern Ore Zone within its Mineral Hill Mine in New South Wales, according to a Wednesday filing with the Australian bourse.Results include 2.1 meters at 14% lead, 3.98% zinc, 59 grams per tonne grade of silver from 36 meters, 1.1 meters at 7.79% lead, 4.38% zinc, 46 g/t grade of silver from 41 meters, the filing said.Underground diamond drilling and level development will be conducted at the Southern Ore Zone, per the filing.Shares rose 4% in midday trade on Wednesday.

ASX:KSN

Asia70d ago

Country Garden Issues 219 Million Shares to Settle Loans, Fees

Country Garden (HKG:2007) completed the issuance of 219.4 million shares under a general mandate to settle outstanding loans and fees, according to a Tuesday Hong Kong bourse filing.Shares of the property developer were up nearly 2% in Wednesday morning trade.The shares were issued at HK$0.32 each to members of an ad hoc group of creditors under work fee arrangements.The company said no cash proceeds were raised as the shares were issued to offset existing liabilities.

HKG:2007

Asia70d ago

King International Shares Rise 5% on Withdrawal of Winding-up Petition

King International Investment (HKG:0928) said a winding-up petition against it over the alleged non-payment of HK$259,862 was withdrawn in Hong Kong, according to a Hong Kong bourse filing on Tuesday.Shares of the health products firm gained over 5% in morning trade Wednesday.The petitioner was demanding payment under an employment contract with Life Healthcare (Hong Kong), a subsidiary of King International.King International maintained that the petition should have been filed against Life Healthcare instead.

HKG:0928

Asia70d ago

Market Chatter: Alibaba Unit to Launch Four-legged Robot

Alibaba Group's (HKG:9988) Amap unit is preparing to launch a four-legged robot that could compete with the likes of Unitree's Go series, Bloomberg News reported Tuesday, citing a company spokesperson.The firm is also exploring the feasibility of humanoid robots, according to the report.(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:9988

Asia70d ago

Cuscal Secures AU$30 Million in Fully Underwritten Institutional Placement; Shares Hit Record-High

Cuscal (ASX:CCL) has completed a fully underwritten institutional placement to raise AU$30 million through the issuance of around 7.5 million new shares at a fixed price of AU$4 per share, representing a 3.9% discount to the five-day volume-weighted average price (VWAP), according to a Wednesday filing with the Australian bourse.The settlement of the new shares under the placement is expected on Friday, with trading anticipated to begin on April 20, per the filing.The company will also launch a non-underwritten share purchase plan for eligible Australian and New Zealand shareholders to raise up to AU$3 million, allowing subscriptions of up to AU$30,000 in shares without brokerage at the lower of the placement price or a 1.5% discount to the five-day VWAP, the filing said.The proceeds will be used to support the company's acquisition of Paymark, the filing added.Shares of the company rose 7% in recent Wednesday trade and earlier hit a record high.

ASX:CCL

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