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Xiamen Tungsten Sues CMOC to Seek 116 Million Yuan in JV Dispute

Xiamen Tungsten (SHA:600549) seeks compensation of up to 116 million yuan from CMOC Group (HKG:3993, SHA:603993) after filing a lawsuit over a joint venture dispute, according to a Shanghai bourse filing on Tuesday.CMOC allegedly violated its agreed terms in its joint venture contract with the tungsten company by ceasing to supply tailings to joint venture, Luoyang Yulu Mining, causing the latter to suspend production.The Beijing Arbitration Commission has accepted the case.

HKG:3993SHA:600549SHA:603993

Asia20h ago

Korea Central Bank's Rate Hikes Factor in Inflation, Growth, Financial Stability, Deputy Governor Says

The Bank of Korea's decision on interest rates depends on a comprehensive assessment of inflation, economic conditions and financial stability, deputy governor Jang Jeong-su said in a press conference on Tuesday discussing the central bank's financial stability report.The central bank does not estimate a specific threshold for interest rate increases that will change the trend of the financial vulnerability index, which is used to measure financial stability, Jang said.Future financial stability will hinge on the degree of financial balance accumulation, financial market movements, global monetary policy changes, geopolitical risks and improvements in social income, according to Lim Kang-gyu, director general of the central bank's financial stability department.The rate hikes in July and August should help mitigate risks from accumulating financial imbalances, with the burden assessed as generally manageable, Lim said.

^KOSDAQKOSPI

Asia20h ago

Korea Zinc's US Smelter Project Clears Key Environmental Review

Korea Zinc's (KRX:010130) $7.4 billion U.S. smelter project has cleared a key environmental review after federal authorities found it would have no significant environmental impact, according to U.S. Department of War documents.The finding advances Project Crucible, an integrated smelting and refining facility planned in Clarksville, Tennessee.The project is targeting trial operations in 2029, with all processes expected to reach full operation in 2030.The facility is designed to produce 12 nonferrous metals, including 11 minerals designated as critical by the U.S. government, as well as semiconductor-grade sulfuric acid.

KRX:010130

Asia20h ago

Tapaco Granted Extension to Avoid Delisting

Tapaco (SET:TAPAC) was granted a time extension until Nov. 30 to eliminate the grounds for a possible delisting by The Stock Exchange of Thailand, according to a Tuesday filing.The company's securities are subject to possible delisting due to failure to submit financial statements.The regulator has now required Tapaco to submit all the statements by Sept. 21.

SET:TAPAC

Asia20h ago

Guangdong Taienkang Pharmaceutical Unit Gets Drug Regulator's Approval for Hypertension Tablets

Guangdong Taienkang Pharmaceutical's (SHE:301263) wholly owned subsidiary Shandong Huabo Kaisheng Biotechnology received China's National Medical Products Administration's approval for Labetalol Hydrochloride tablets, according to a Shenzhen bourse filing on Tuesday.The drug, available in 0.1-gram and 0.2-gram specifications, is primarily used to treat hypertension, including hypertensive disorders during pregnancy, the filing said.Shares of Guangdong Taienkang Pharmaceutical added more than 1% in recent trade.

SHE:301263

Asia20h ago

Fiamma Extends Joint Venture Repayment Deadline to Oct. 21

Fiamma Holdings (KLSE:FIAMMA) and BKG Development have extended their joint venture repayment deadline by one month to Oct. 21, according to a Monday filing to the Malaysian stock exchange.BKG Development has settled 110.7 million ringgit out of the total required amount to Fiamma Holdings, and the outstanding balance stood at 35.4 million ringgit as of Monday.

KLSE:FIAMMA

Asia20h ago

Bank of Baroda Registers Pension Fund Management Unit

Bank of Baroda (BOM:532134, NSE:BANKBARODA) has incorporated a subsidiary focused on pension fund management in which it will hold an 80.1% stake, according to a Monday filing with the Indian bourse.The Indian government-controlled bank said it expects to acquire the stake in BOB Pension Fund Management Company for 801 million Indian rupees on Dec. 31.

BOM:532134NSE:BANKBARODA

Asia20h ago

CMC Magnetics Sells Dynapack Shares for NT$357 Million

CMC Magnetics (TPE:2323) sold 927,000 shares in Dynapack International Technology (TWO:3211) for NT$356.9 million.The shares were sold between Aug. 27 and Sept. 21, at an average NT$385.05 each, according to a Monday filing with the Taiwan bourse.The transaction generated a gain of NT$13.6 million, and was made for portfolio management.

TPE:2323TWO:3211

Asia20h ago

Boryung Wins Supply Deal for Taxotere Exports from China's Yifan Pharmaceutical

South Korean pharmaceutical company Boryung (KRX:003850) secured a supply agreement for taxotere exports from China's Yifan Pharmaceutical (SHE:002019), according to a Tuesday filing with the Korea Exchange.The contract is valued at 383.65 billion won and is valid till Sept. 20, 2033.Shares of Boryung rose nearly 2% in recent trade.

KRX:003850SHE:002019

Asia20h ago

Fortune Oriental's Unit Acquires New Taipei City Land for NT$518 Million

Fortune Oriental (TPE:2491) subsidiary, Vast Power, has acquired four parcels of land in New Taipei City for NT$518 million, according to a Monday filing with the Taiwan Exchange.The land spans an area of 785 square meters and the acquisition is intended for investment property purposes.

TPE:2491

Asia20h ago

Red Avenue New Materials Continues Work on Hong Kong IPO Application; Shares Down 3%

Red Avenue New Materials Group (SHA:603650, HKG:9607) is undertaking work in relation to its listing application with the Hong Kong Stock Exchange, according to a Shanghai bourse filing on Tuesday.The China-based new materials provider published the prospectus for the potential offering on Monday, Sept. 21.The company's shares dropped 3% during the morning trade.

HKG:9607SHA:603650

Asia20h ago

CMC Magnetics Buys Stake in Two Firms Worth Combined NT$612 Million

CMC Magnetics (TPE:2323) acquired shares worth a combined NT$612 million in EZconn (TPE:6442), and Taiwan High Speed Rail (PE:2633), according to Monday filings.The company bought 193,000 EZconn shares for NT$307.3 million at an average NT$1,592.1 each, between Sept. 8 and Sept. 21.Meanwhile, it also bought 11.75 million Taiwan High Speed Rail shares for NT$304.7 million at an average NT$25.9 each.The shares were purchased for portfolio management, the filing said.

TPE:2323TPE:2633TPE:6442

Asia20h ago

Aspial Lifestyle Upsizes Multicurrency Debt Program to SG$500 Million

Aspial Lifestyle (SGX:5UF) increased the limit of its multicurrency medium-term bond program to SG$500 million from SG$300 million, according to a Monday filing.The company said the bonds may be issued in various currencies, amounts and tenors.Proceeds will be used for general corporate purposes, including refinancing existing borrowings, investments, acquisitions, expansions, working capital and capital expenditures.The program received approval-in-principle from the Singapore Exchange Securities Trading for the listing and quotation of bonds that are agreed to be listed, it said.

SGX:5UF

Asia21h ago

Alibaba Unveils AI Chip Portfolio to Power Large-Scale Data Centers

Alibaba (HKG:9988) is developing a portfolio of data center chips through its chip unit, T-Head, to meet growing demand for AI computing, according to a press release on Tuesday.The portfolio includes the "Zhenwu" series of GPU chips, "Yitian" CPU chips, "Panmai" smart NICs, and ICN interconnect chips, covering the core chip components needed to build large-scale AI clusters.Alibaba described AI chips as a key foundation of the coming "machine intelligence" era, with rising demand for AI tokens expected to drive continued improvements in chip performance and supply.

HKG:9988

Asia21h ago

Jinan Acetate Chemical to Issue Shares Worth NT$4.9 Billion; Shares Down 3%

Jinan Acetate Chemical (TPE:4763) board approved issuing 109.3 million new shares, worth around NT$4.9 billion, for a share exchange, according to a Monday filing with the Taiwanese bourse.Shares of the company fell over 3% in Tuesday's trade.The new shares have a par value of NT$1 each.The company did not disclose an issue price or details on the shares to be exchanged in the filing.

TPE:4763

Asia21h ago

Farglory Land Development Gets Board Nod for NT$3.77 Billion Construction Contract

Farglory Land Development (TPE:5522) has received board approval for a construction contract with its subsidiary, Farglory Construction, for a land bank located in Sanmin District, Kaohsiung City, Taiwan, for NT$3.77 billion, according to a Monday filing to the Taiwan bourse.The real estate developer's subsidiary will be engaged in the contract on the company's own land to increase revenue.

TPE:5522

Asia21h ago

Soon Hock Enterprise Secures SG$129 Million Loan For Industrial Redevelopment

Soon Hock Enterprise (SGX:SHE) unit Soon Hock (4) has secured three term loan facilities totaling up to SG$129 million from Maybank Singapore, according to a Monday filing with the Singapore Exchange.The loan will be used to finance the remaining acquisition cost of SG$102.4 million for a property, which is expected to be redeveloped into a multi-use ramp-up B1 industrial building.

SGX:SHE

Asia21h ago

Dynamic Electronics Submits Application Documents for Hong Kong Listing

Dynamic Electronics (SHA:603175) submitted its application documents for its secondary offering of shares on the Hong Kong Stock Exchange, according to a Tuesday filing with the Shanghai bourse.The printed circuit board manufacturer plans to use proceeds from its secondary offering to expand capacity, fund research and development, and boost working capital.Company shares rose 2% during recent morning trading.

SHA:603175

Asia21h ago

Farglory Land Development Approves NT$1.17 Billion Construction Contract

Farglory Land Development (TPE:5522) approved a construction contract with unit, Farglory Construction, for a land bank located in Taichung City for NT$1.17 billion, according to a Monday Taiwan bourse filing.The real estate developer's subsidiary will be engaged in the contract on the company's own land to boost revenue.

TPE:5522

Asia21h ago

Nanjing Leads Biolabs to Present Rare Lung Cancer Study Papers at 2026 ESMO; Shares Fall 3%

Nanjing Leads Biolabs (HKG:9887) will present a paper on its phase IIb study of its drug to treat a rare form of lung cancer, LBL-024, at this year's European Society for Medical Oncology annual meeting, according to a Monday filing with the bourse.The biotech company said it was chosen to present three studies overall at the medical conference, reflecting the importance of its clinical research in treating patients with advanced extrapulmonary neuroendocrine carcinoma.Shares were down 3% in recent trading on Tuesday.

HKG:9887

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