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Trina Solar Logs Impairment Losses Worth 1.04 Billion Yuan in H1

Trina Solar (SHA:688599) recognized credit impairment losses and asset impairment provisions totaling 1.04 billion yuan in the first half, according to a Shanghai bourse filing on Friday.Credit impairment losses amounted to 227.2 million yuan, and asset impairment losses amounted to 812.6 million yuan.

SHA:688599

Asia1d ago

Hubei Xingfa Chemicals to Invest 77 Million Yuan in Joint Venture

Hubei Xingfa Chemicals (SHA:600141) agreed to invest 76.5 million yuan into the establishment of a joint venture with its controlling shareholder and subsidiary, according to a Friday disclosure on the Shanghai bourse.The venture, Hubei Xingfa Investment, will have a registered capital of 150 million yuan and will engage in equity and venture capital investment.The Chinese chemical manufacturer will own 51% of the venture's capital.The controlling shareholder, Yichang Xingfa Group, and subsidiary, Hubei Xingfu Electronic Materials, will each own 24.5% of the venture.The company's shares fell nearly 2% during the afternoon trade.

SHA:600141

Asia1d ago

Australian Shares Flat; James Hardie Industries Fiscal Q1 Adjusted Earnings, Net Sales Up

Australian shares were flat at market close on Friday as investors await US jobs data that could impact next month's interest rate decision by the Federal Reserve.The S&P/ASX 200 Index was little changed at 9,263.60.Overnight on Wall Street, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.2%, 0.1%, and 0.9%, respectively.Brent crude futures rose over 1% to around $83 per barrel, after jumping over 3% overnight. Iran is reviewing a draft bill which would bar US and Israeli vessels from transiting the Strait of Hormuz.On the domestic front, the value of new payments platform transactions in Australia rose nearly 34% year over year to AU$265.8 billion in June, according to new retail payment figures from the Reserve Bank of Australia.In company news, James Hardie Industries (ASX:JHX) logged $0.36 in adjusted EPS for the fiscal first quarter, compared with $0.32 a year ago. For the three months ended June 30, net sales was $1.47 billion versus $899.9 million previously.Nick Scali (ASX:NCK) logged AU$0.885 in earnings per share for fiscal year 2026, compared with AU$0.675 a year ago. For the 12 months ended June 30, revenue was AU$516.7 million versus AU$495.3 million previously.Lastly, Charter Hall Retail REIT (ASX:CQR) logged AU$0.2639 in operating earnings per unit for fiscal year 2026, compared with AU$0.2538 a year ago. For the 12 months ended June 30, revenue was AU$176.9 million versus AU$198 million previously.

ASX 200ASX:CQRASX:JHXASX:NCK

Asia1d ago

Tong Herr Receives MYR2.55-Per-Share Privatization Proposal

Tong Herr Resources (KLSE:TONGHER) received a proposal from its major shareholders, Allrich Corp and Richard Holdings Limited, to privatize the company through a selective capital reduction and repayment exercise, according to a Friday Malaysian bourse filing.The proposal offers 2.55 ringgit in cash for each share held by shareholders other than the joint offerors, their ultimate owners and parties acting in concert with them.Tong Herr said its non-interested directors will review the proposal and announce their decision later.Shares of the fastener manufacturer surged 26% in recent trade.

KLSE:TONGHER

Asia1d ago

Autagco Gets Listing and Quotation Notice for Up To 500 Million Subscription Shares

Autagco (SGX:WNH) received a listing and quotation notice from the Singapore stock exchange for the listing of and quotation for up to 500 million subscription shares following the proposed subscription, according to a Friday filing to the Singapore bourse.The subscription shares have to be placed out within seven market days from the date of the listing and quotation.

SGX:WNH

Asia1d ago

Incheon Ara Energy Taps GS EPS for 9 Billion Won Equity Injection

Incheon Ara Energy said its affiliate and 100% shareholder, GS EPS, will participate in a 9 billion won paid-in capital increase, according to a Friday filing with the Korea Exchange.The South Korea-based utility company said it will issue 900,000 new common shares at 10,000 won each through a shareholder allocation to GS EPS.The proceeds will be used to fund facility investments.

KOSPI

Asia1d ago

Xingfa Chemicals Signs Conditional Share Placement Deal With Controlling Shareholder

Hubei Xingfa Chemicals (SHA:600141) signed a conditional share placement agreement with its controlling shareholder, Yichang Xingfa Group, according to a Friday disclosure on the Shanghai bourse.The shares to be placed will be worth between 100 million yuan and 200 million yuan, but the final amount is yet to be determined.The Chinese chemical manufacturer's shares fell 2% during the afternoon trade.

SHA:600141

Asia1d ago

Cypark Resources Prices First Tranche of Private Placement Shares

Cypark Resources (KLSE:CYPARK) fixed the issue price for the first tranche of its private placement at 0.61 ringgit per share, according to a Friday Malaysian bourse filing.The renewable energy and green technology company proposed a private placement of up to 10% of its total shares to third-party investorsThe price represents a 5.26% discount to the five-day volume-weighted average market price, up to Aug. 6, it said.

KLSE:CYPARK

Asia1d ago

Shanxi Coking Coal Energy Suspends Xiqu Mine After Fatal Accident

Shanxi Coking Coal Energy (SHE:000983) suspended production at its Xiqu mine following an Aug. 5 safety accident that killed one person.The mine, with an annual approved capacity of 2.7 million tons, represents 5.67% of the company's total capacity, according to a Friday filing with the Shenzhen bourse.Government authorities are investigating the incident.Shares of the coal company were down 2% in recent trade.

SHE:000983

Asia1d ago

China Financial Services Unit Provides 8.3 Million Yuan Loan

China Financial Services (HKG:0605) unit Shenzhen Credit Gain Finance granted an 8.3 million yuan loan to a customer for a six-month term.The loan carries an interest rate of 12% per annum and will commence from the drawdown date, according to a Thursday Hong Kong bourse filing.A first legal charge/mortgage over a residential property in Shenzhen's Nanshan District, valued at approximately 10.5 million yuan as of July 31, was pledged as security for the loan.

HKG:0605

Asia1d ago

Acesian Partners Deregisters Unit

Acesian Partners (SGX:5FW) deregistered its subsidiary, Shanghai Xianda Industry Equipment Installation, according to a Friday filing with the Singapore Exchange.The Chinese unit had been dormant and had no business activities.Following the deregistration, the company will derecognize the assets and liabilities of Xanda.

SGX:5FW

Asia1d ago

Lupin's Attributable Profit Climbs 16% in Fiscal Q1

Lupin (NSE:LUPIN, BOM:500257) posted a consolidated attributable profit of 14.2 billion rupees in the first fiscal quarter, up 16% from 12.2 billion rupees a year earlier, according to a Thursday filing with the Indian bourses.Shares of the pharmaceutical firm rose nearly 1% in Friday's morning trade.Earnings per share increased to 30.89 rupees from 26.62 rupees in the year-ago period.Revenue from operations climbed 32% year over year to 82.8 billion rupees from 62.7 billion rupees.

BOM:500257NSE:LUPIN

Asia1d ago

Hony Media Group Substantial Shareholder Sells 202 Million Shares; Shares Surge 44%

Hony Media Group (HKG:0419) said substantial shareholder Mount Qinling Investment sold approximately 202 million shares, representing about 11.50% of the company's issued share capital, according to a Friday Hong Kong exchange filing.Shares of the media company surged 42% in recent trade.

HKG:0419

Asia1d ago

Singapore Kitchen Equipment Unit Grants Option to Purchase Factory

Q'son Kitchen Equipment, a wholly-owned subsidiary of Singapore Kitchen Equipment (SGX:5WG), granted an option to Framex Global to purchase its property in Singapore for SG$8.5 million, according to a Thursday filing to the Singapore stock exchange.The property is situated in the light industrial development known as "Henderson Industrial Park", and functions primarily as a warehousing and factory facility of the company.The proceeds from the proposed disposal will be used for the company's core business and liquidity.The land will be sold at a profit of about SG$1.5 million over the net book value of the property of around SG$7 million as at Dec. 31, 2025.

SGX:5WG

Asia1d ago

Strong Refining Margin Allows Viva Energy to Repair Balance Sheet, Helps Ampol Delever, Jefferies Says

Very strong refining margin allowed Viva Energy Group (ASX:VEA) to repair its balance sheet and helped Ampol (ASX:ALD) to delever, Jefferies said in a note on Thursday.Retail fuel margins softened recently but may continue to rise over time. They will remain elevated for some time given ongoing crude and product supply disruptions in the Middle East as well Russia banning exports of diesel and gasoline.Jefferies said it preferred Ampol given better execution, especially in retail. It is expected to deliver strong results in the first half in fuel and infrastructure given pre-existing hedging positions, demand pull-forward, trading and shipping earnings, and strong refining margins.Viva Energy still needs to reset its C&M strategy despite some improvement, the note said.The investment firm assigned Ampol a buy rating with a price target of AU$43.50 per share, and Viva Energy a hold rating with a price target of AU$2.30 per share.

ASX:ALDASX:VEA

Asia1d ago

GS Engineering & Construction Secures KRW408.2 Billion Redevelopment Project

GS Engineering & Construction (KRX:006360) has secured a construction order for the Sajik District 3 redevelopment project, according to a Friday filing with the Korea Exchange.The contract amounts to 408.2 billion won and involves the construction of 995 apartment units in nine buildings as well as ancillary welfare facilities.The contract is effective for 42 months from the construction's start date.Shares of the company fell nearly 3% in recent trade.

KRX:006360

Asia1d ago

Vanzo Unit Taps Greatmart as Exclusive Hong Kong Distributor

Vanzo's (KLSE:VANZO) Hong Kong unit has appointed Greatmart Development as the exclusive distributor of Vanzo-branded products in Hong Kong, according to a Friday Malaysian bourse filing.The agreement has an initial term of two years - from Aug. 7, 2026, to Aug. 6 2028 - and will automatically renew for successive one-year periods.Vanzo said the partnership is expected to strengthen its distribution network through Greatmart's access to retail channels including Watsons Hong Kong, ParknShop Hong Kong and Fortress Hong Kong.

KLSE:VANZO

Asia1d ago

Nordic Group Bags SG$72 Million Worth of Contracts; Shares Up 3%

Nordic Group (SGX:MR7) secured new contracts worth around SG$71.5 million across several industries, according to a Friday filing with the Singapore Exchange.Around SG$59.7 million worth of contracts came from the Engineering Solutions Group and SG$11.8 million from the Engineering Services Group.Meanwhile, defense contracts account for SG$19.7 million and SG$19.5 million were marine and offshore contracts.The marine and offshore contracts cover a series of 76 vessels with deliveries scheduled from the third quarter of the year till the fourth quarter of 2027.Shares of the engineering services company were up nearly 3% in Friday trading.

SGX:MR7

Asia1d ago

IDP Education Group Earnings Seen as Remaining Resilient, Jefferies Says

IDP Education's (ASX:IEL) group earnings are seen as remaining resilient, with fiscal year 2027 Australia SP expectations already relatively low, Jefferies said in a Thursday note.Australia's fiscal year 2026 offshore higher education visa grants softened further, declining 16% year-over-year. Lodgments point to weaker underlying demand and potentially softer AU SP volumes in fiscal year 2027. However, IELTS website traffic remained resilient.However, Similarweb's explanatory power for IDP IELTS volume growth is only 71%, suggesting the outcomes may be just slightly above consensus, Jefferies said.The investment firm has a buy rating on IDP Education with a price target of AU$3.30 per share.

ASX:IEL

Asia1d ago

Nick Scali's Early Fiscal 2027 Trade Better than Feared, Jefferies Says

Nick Scali's (ASX:NCK) early fiscal 2027 trade was better than feared, albeit with tailwinds in new stores, Jefferies said in a note on Thursday.Its AU$75.7 million net profit after tax was 0.6% below consensus. Australia and New Zealand earnings before interest and taxes was around AU$3 million was weaker than consensus despite a very strong second half gross margin.While Jefferies said it had confidence in the management's ability to deliver but it had questions on the sustainability of gross margin and outlook, given the weaker macro backdrop.The investment firm assigned Nick Scali a hold rating and a price target of AU$15 per share.

ASX:NCK

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