Financial News · Live Terminal

Page 903 of 1231

Siyaram Recycling Industries Clinches Order Worth INR15 Million from Supreme Industries

Siyaram Recycling Industries (BOM:544047) has secured an order worth 15.1 million Indian rupees from plastics manufacturer Supreme Industries (NSE:SUPREMEIND, BOM:509930), according to a BSE filing on Wednesday.The contract is for the supply of female insert 1/2" CPVC/Aqua threaded toppers within seven days.The company's shares were up over 2% in recent trade.

BOM:509930BOM:544047NSE:SUPREMEIND

Asia97d ago

Taiwan Paiho Logs NT$36 Million Profit in April

Taiwan Paiho's (TPE:9938) net profit after tax amounted to NT$36.2 million in April, according to a Tuesday Taiwan Exchange filing.Shares of the touch fasteners manufacturer slid over 1% in Wednesday's midday trade.April consolidated revenue stood at NT$1.33 billion, while operating profit stood at NT$162.1 million.

TPE:9938

Asia97d ago

Integrated Capital Services Names CFO; Shares Up 5%

Integrated Capital Services (BOM:539149) appointed Ashish Sanwal as chief financial officer of the company, effective May 13, according to an Indian bourse filing on Tuesday.Shares of the company jumped nearly 5% in Wednesday's trade.Sanwal resigned from the position of manager-internal audit, effective May 12, following his appointment, the filing said.

BOM:539149

Asia97d ago

New Zealand Shares Flat; NZX Appoints Acting CFO

New Zealand shares ended flat with a negative bias on Wednesday after a lower Wall Street close impacted by a hotter-than-expected US inflation report.The S&P/NZX 50 Index was little changed to close at 13,063.06.On Tuesday, the Nasdaq Composite fell 0.7%, the S&P 500 dropped 0.2%, while the Dow Jones managed to add 0.11%.The US Consumer Price Index gained 3.8% year on year in April, data from the Bureau of Labor Statistics showed.New Zealand will maintain tight control over day-to-day spending in this year's budget while boosting capital investment to improve infrastructure, defense, and energy security, according to a Wednesday Reuters report, citing Prime Minister Christopher Luxon's speech on Wednesday.In domestic news, Expectations for New Zealand's one-year-ahead annual consumer price index (CPI) inflation increased by 82 basis points to 3.41% from 2.59% in the June quarter, according to the Reserve Bank of New Zealand's (RBNZ) survey.Also, high-frequency data pointed to slowing momentum across services industries and households in New Zealand as the conflict in the Middle East leaves global oil markets tight, and shipping costs and refining margins elevated, ANZ said in its Quarterly Economic Outlook report.Further, the outlook for New Zealand's economy has shifted now to another year of "positive but still sub-par growth" at 1.5% in the wake of the conflict in the Middle East, due to which oil and refined fuel prices have risen, with real petrol and diesel prices now at a 50-year high, Westpac said.Meanwhile, a total of 3,019 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) pulse auction held Tuesday, with supply ranging from 2,700 MT to 3,050 MT, according to data from the trading platform.In corporate news, NZX (NZE:NZX) appointed Deputy Chief Financial Officer Amy Trotman as acting CFO, effective immediately.Pacific Edge (ASX:PEB, NZE:PEB) secured NZ$25.4 million through an oversubscribed share placement priced at NZ$0.17 apiece, representing a 2.3% discount to the closing price on May 8.

^NZ50ASX:PEBNZE:NZXNZE:PEB

Asia97d ago

Larsen & Toubro Bags Orders to Set Up Substations in Middle East

Power transmission and distribution vertical of Larsen & Toubro (NSE:LT, BOM:500510) has secured "significant" orders valued between 10 billion Indian rupees and 25 billion rupees from clients in the Middle East, according to a Wednesday filing to the Indian stock exchanges.The contracts are for constructing one 380 kV substation and two 132 kV high-capacity substations on a turnkey basis.These substations will ensure reliable power to large load centers and decongest grids, thereby enabling them to meet growing demand, the filing said.

BOM:500510NSE:LT

Asia97d ago

JDD Tech New Material Plans 300 Million Yuan Buyout of Liquid Cooling Specialist

Shenzhen JDD Tech New Material (SHE:301538) signed the letter of intent to acquire a 51% stake in Huizhou Fudi Wangwang Industrial for up to 300 million yuan.Huizhou Fudi Wangwang Industrial manufactures cold plates and water distributors for liquid cooling systems used in data centers, electric vehicles, and base stations, according to a filing with the Shenzhen bourse on Wednesday.Shares of the new materials producer jumped nearly 14% in recent trade.

SHE:301538

Asia97d ago

Macronix International to Buy Machinery Equipment Worth NT$1.3 Billion; Shares Rally 7%

Macronix International (TPE:2337) approved the purchase of a batch of machinery equipment worth NT$1.35 billion, according to a Tuesday Taiwan Exchange filing.Shares jumped over 7% in Wednesday's afternoon trade.The equipment was supplied by Tokyo Electron, between April 21 and May 12.The machinery will be used for production purposes, it said.

TPE:2337

Asia97d ago

ValueMax Group Issues Shares on Exercise of Warrants; Shares Down 4%

ValueMax Group (SGX:T6I) allotted and issued 112,000 shares on Tuesday pursuant to the exercise of the same number of warrants at SG$0.36 each, according to a same-day filing with the Singapore Exchange.Shares of the financial services company were down nearly 4% in Wednesday trading.Following the exercise, the company's share capital has increased to about 964.9 million shares, the filing said.

SGX:T6I

Asia97d ago

Update: Perenti Unit Secures AU$850 Million Underground Mining Contract at Western Australia Gold Project; Shares Gain 8%

(Updates with the stock movement in the headline and last paragraph.)Perenti's (ASX:PRN) underground mining arm, Barminco, has been awarded an around AU$850 million contract by Bellevue Gold (ASX:BGL) to provide underground mining services at the Bellevue Gold Project in Western Australia, according to a Wednesday Australian bourse filing.The contract was awarded following a competitive tender process for an initial four-year term commencing on Aug. 1, with an optional 12-month extension, per the filing.The company will provide complete underground mining services, including development, production, and support activities, and the arrangement is expected to require about AU$75 million in growth capital in fiscal 2027, the filing added.Perenti's shares advanced 8% in recent Wednesday trade.

ASX:BGLASX:PRN

Asia97d ago

Anhui Honglu Steel Construction Elects Chair

Anhui Honglu Steel Construction (SHE:002541) elected Wan Shengping as chair, according to a Wednesday filing with the Shenzhen bourse.The election followed a meeting of the company's directors to formalize the leadership transition. Wan Shengping assumed the role immediately following the board's approval.The appointment came as the steel structure specialist continued to navigate shifting demand in the industrial construction sector.Shares of the construction company were down 5% in recent trade.

SHE:002541

Asia97d ago

Market Chatter: China Watchdog Conditionally Approves Tencent Music's Acquisition of Ximalaya

China's competition watchdog conditionally approved Tencent Music Entertainment's (HKG:1698) bid to acquire Chinese audio platform Ximalaya, an online audio platform, according to media reports Tuesday.According to the State Administration for Market Regulation's notice, Tencent and Ximalaya are required to meet certain commitments, including not raising prices for online audio streaming platforms.Tencent Music agreed last year to acquire Ximalaya for $1.26 billion in cash and an issuance of stock.(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:1698

Asia97d ago

S&P Raises Bohai Leasing Unit's Rating to BBB

S&P Global raised the credit rating of Bohai Leasing (SHE:000415) unit Avolon Holdings to BBB from BBB-, with a stable outlook.The rating agency cited Avolon Holdings' strong order deliveries, fleet management and financial performance for the upgrade, according to a Wednesday filing with the Shenzhen bourse.Shares of the leasing company were down 4% in recent trade.

SHE:000415

Asia97d ago

Fraser and Neave Unit Secures Nearly 20% Stake in New Zealand-Based Comvita

Fraser and Neave's (SGX:F99) subsidiary, F&N Ventures, subscribed to around 26 million shares in New Zealand-listed Manuka honey producer Comvita (NZE:CVT) for NZ$18.8 million, according to a Tuesday filing with the Singapore Exchange.Shares of the food and beverage company were down nearly 1% in Wednesday trading.The transaction was conducted as part of Comvita's recent entitlement offer and is expected to settle formally on May 18.Pursuant to the transaction, F&N Ventures will acquire a 19.99% stake in Comvita, the filing said.

NZE:CVTSGX:F99

Asia97d ago

Lotus Resources Says State Street Increases Stake, Shares Hit 6-Year Low

Lotus Resources (ASX:LOT) said State Street and its subsidiaries have increased their stake in the company on May 8 to 8.27% or 22.6 million shares from 7.22% or 19.7 million shares, according to a Wednesday Australian bourse filing.The company's shares fell 7% to their lowest since May 2020 in recent Wednesday trade.

ASX:LOT

Asia97d ago

Regis Resources Says State Street Increases Stake

Regis Resources (ASX:RRL) said State Street and its subsidiaries have increased their stake in the company on May 8 to 11.17% or 84.6 million shares from 9.93% or 75.2 million shares, according to a Wednesday Australian bourse filing.The company's shares rose past 1% in recent Wednesday trade.

ASX:RRL

Asia97d ago

MTQ Swings to Loss in Fiscal H2

Engineering, repair and maintenance services company, MTQ (SGX:M05), booked an attributable loss to owners of SG$4.6 million during the fiscal second half ended March 31, against an attributable profit of SG$4.2 million a year earlier.Shares of the company were up over 2% in Wednesday afternoon trading.Total loss per share came in at SG$0.0201 compared with earnings per share of SG$0.0117 in the year-ago period, according to a Tuesday filing with the Singapore Exchange.Revenue for the second half declined 10% year over year to SG$26.9 million from SG$29.8 million.

SGX:M05

Asia97d ago

National Australia Bank Says State Street Increases Stake

National Australia Bank (ASX:NAB) said State Street and its subsidiaries increased their stake in the company on May 8 to 8.28% or 253.9 million shares from 7.24% or 222.7 million shares, according to a Wednesday Australian bourse filing.The company's shares fell 2% in recent Wednesday trade.

ASX:NAB

Asia97d ago

Dongfeng Motor Unit Raises Stake in Voyah Automotive to 70%

Voyah Automotive Technology (HKG:7489) said Dongfeng Motor increased its stake in the company by 20.2 million shares through market purchases, according to a Wednesday Hong Kong bourse filing.The shares acquired represent about 0.55% of the company's total issued share capital.Following the increase, Dongfeng Motor and its subsidiaries hold about 70.02% of Voyah Automotive's total issued shares.

HKG:7489

Asia97d ago

Orica Says State Street Reduces Stake

Orica (ASX:ORI) said State Street and its subsidiaries have reduced their stake in the company on May 8 to 7.56% or 35 million shares from 8.6% or 39.8 million shares, according to a Wednesday Australian bourse filing.The company's shares rose 1% in recent Wednesday trade.

ASX:ORI

Asia97d ago

Wenfeng Great World Chairman Proposes 120 Million Yuan Share Buyback; Shares Slide 5%

Wenfeng Great World Chain Development's (SHA:601010) chairman, Wang Yue, proposed to repurchase the company's shares worth between 80 million yuan and 120 million yuan, according to a Shanghai bourse filing on Wednesday.The share buyback will be implemented within 12 months after the board of directors' approval.The retail chain operator's shares dropped nearly 5% during the midday trade.

SHA:601010

Showing 18041-18060 of 24612

Asia97d ago

New Zealand Shares Flat; NZX Appoints Acting CFO

^NZ50ASX:PEBNZE:NZXNZE:PEB