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Hi Sun Technology's Affiliate Cloopen Enters Go-Private Deal

Hi Sun Technology China (HKG:0818) said its affiliate company Cloopen entered into a definitive agreement to go private by merger, according to a Tuesday filing with the Hong Kong bourse.Hi Sun's shares gained nearly 5% in morning trade on Wednesday.The payment processor owns 55.7 million class A shares in Cloopen, a provider of cloud-based communication services in China that trades in the OTC markets in the US.According to the merger agreement, class A shareholders of Cloopen will be entitled to receive $0.4940 per share in cash.Hi Sun said it was reviewing the terms of the merger.Cloopen shares rose 67% in the OTC market on Tuesday. It was delisted from the New York Stock Exchange in 2023 due to filing delays.

HKG:0818

Asia97d ago

Dr. Reddy's Laboratories' Consolidated Profit Plunges in Fiscal Q4

Dr. Reddy's Laboratories' (NSE:DRREDDY) consolidated attributable profit plunged to 2.21 billion Indian rupees in the fiscal fourth quarter ended March 31, from 15.9 billion rupees a year ago.Earnings per share contracted to 2.64 rupees from 19.11 rupees a year earlier, the pharmaceutical company said in a filing to the Indian stock exchanges on Tuesday. The EPS was much lower than the 10.45 rupees estimated by the analysts polled by Visible Alpha.Revenue in fiscal Q4 also slipped to 75.2 billion rupees from 85.1 billion rupees a year ago. This was also lower than Visible Alpha's estimate of 81.6 billion rupees.The company's board recommended a final dividend of 8 rupees per equity share of face value of 1 rupee each for the financial year 2025-26. The record date to determine the members eligible to receive the dividend has been fixed as July 10.

NSE:DRREDDY

Asia97d ago

FS.com's Profit Jumps 57% in Q1; Shares Down 4%

FS.com (HKG:3355) posted first-quarter net profit of 155.9 million yuan, up 57% from 99.3 million yuan a year earlier, according to a Tuesday Hong Kong bourse filing.The networking equipment provider's shares were down nearly 4% in morning trade on Wednesday.Revenue rose 25% to 787.4 million yuan from 632.0 million yuan in the prior-year period.

HKG:3355

Asia97d ago

Biokin Pharma Gets Nod to Trial Iza-Bren Drug Combination for Lung Cancer

Sichuan Biokin Pharmaceutical (SHA:688506) received approval from China's National Medical Products Administration for the clinical trial of a combination therapy with iza-bren for injection (BL-B01D1), according to a Shanghai bourse filing on Wednesday.The drug will be tested in combination with small-molecule targeted therapies for the treatment of non-small cell lung cancer.

SHA:688506

Asia97d ago

Biokin Pharma Enrolls First Subject for T-Bren's Phase III Trial

Sichuan Biokin Pharmaceutical (SHA:688506) enrolled the first subject for the Phase III clinical trial of T-Bren, according to a Shanghai bourse filing on Wednesday.The drug is being tested in combination with pertuzumab and trastuzumab for the treatment of HER2-positive recurrent or metastatic breast cancer.

SHA:688506

Asia97d ago

Sea's Net Profit Up 7% in Q1

Singapore-headquartered Sea's net income rose 6.7% to $438.2 million in the first quarter of 2026 from $410.8 million a year earlier, according to a news release late Tuesday.Earnings per share came in at $0.67, up from $0.65 in the year-ago period, the New York-listed technology company said.Revenue surged 46.6% year over year to $7.1 billion, backed by strong performance across its e-commerce, digital financial services, and gaming businesses.

^STI

Asia97d ago

Xero Launches Live Claude Integration With Anthropic

Xero (ASX:XRO) said Wednesday it launched its live integration with Anthropic, bringing the latter's Claude artificial intelligence directly into Xero and Xero's financial data and tools into Claude.ai.The company said in a statement that the integration "leverages the same foundational capabilities" that its superagent JAX uses. Users with an active Xero subscription can now bring their financial data directly into their conversations with Claude.Financial data shared between the platforms is used solely for the user's specific session, and proprietary business data is not used to train Claude's artificial intelligence models, per the statement.

ASX:XRO

Asia97d ago

Breton Technology to Acquire Minority Interests in Three Entities

Breton Technology (HKG:1333) agreed to acquire a 21.96% interest in Xingyuan Zhisheng at nil consideration, according to a Tuesday filing with the Hong Kong bourse.The battery-electric engineering firm's shares gained nearly 2% in pre-market trade Wednesday.The firm is acquiring the stake from three sellers and will inject around 11 million yuan into the partnership, corresponding to its capital contribution requirement as a partner.The funds will be used to invest in companies focusing on green and low-carbon and new energy sectors, Breton said.A portion of the stake to be transferred represents Shanghai Boxi's unpaid subscribed partnership interest in Xingyuan Zhisheng.Shanghai Boxi, which is associated with the company's controlling shareholder Chen Fangming, had planned to contribute 25 million yuan for a 49.98% partnership interest, but ultimately injected 18 million yuan, corresponding to a 36.02% partnership interest.Meanwhile, in a separate announcement, Breton Technology said it was acquiring a 6.83% stake in Xingmiao Photoelectric for about 14 million yuan.The firm will acquire the stake from Cloud Tribe Yijin, an entity tied to Chen.Breton Technology simultaneously announced an agreement to acquire a 6.82% interest in Suzhou Junhao Electric Power for 13 million yuan.The firm will acquire the stake from Shanghai CPI Ronghe New Energy Investment Management Center, it said.

HKG:1333

Asia97d ago

Strike Energy's Downside Appears Limited, While Upside Exposure Remains Significant, Euroz Hartleys Says

Strike Energy's (ASX:STX) downside appears limited at current levels, while upside exposure remains "significant" through stronger domestic gas pricing, asset progression, exploration success, and potential mergers and acquisitions, Euroz Hartleys said in a note on Wednesday.Near-term catalysts include the Walyering West flow test results, binding terms on a downstream commercialization at West Erregulla expected via the nearby producing Waitsia gas plant, and first gas sales from the South Erregulla peaking plant targeted for Oct. 1.At steady state, Strike is forecast to generate around AU$90 million per year in earnings before interest, taxes, depreciation, and amortization (EBITDA) following South Erregulla's start-up, increasing to around AU$150 million per year once West Erregulla is online.The investment firm retained its buy rating on Strike Energy and a price target of AU$0.22 per share.

ASX:STX

Asia97d ago

TrickleStar Shares Jump 59% on Over SG$2 Million Placement for Expansion

TrickleStar (SGX:CYW) signed a placement agreement with PrimePartners Corporate Finance to raise SG$2.4 million through the placement of around 79.1 million shares at SG$0.0306 per share, according to a Wednesday filing with the Singapore Exchange.Proceeds from the placement exercise will be used for business expansion and for general working capital needs.Shares of the provider of energy saving products surged 59% in Wednesday trading.

SGX:CYW

Asia97d ago

Market Chatter: China Urges Pakistan to Step Up Iran Mediation as Xi-Trump Summit Nears

China called on Pakistan to intensify mediation efforts in the Iran crisis, warning that escalating tensions could overshadow U.S. President Donald Trump's upcoming visit to Beijing, The South China Morning Post reported Wednesday.Chinese Foreign Minister Wang Yi praised Islamabad's role in extending the U.S.-Iran ceasefire but urged further action to help reopen the Strait of Hormuz and restore regional peace, according to the report. Yang added that China will continue to support Pakistan's diplomatic push.Despite a truce extension brokered with Pakistani help, hostilities between the U.S. and Iran persist.Meanwhile, Pakistani Foreign Minister Ishaq Dar called for closer coordination to safeguard regional stability, Reuters wrote.(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.)

Shanghai Composite^SZSE

Asia97d ago

Unity Group Unit Secures Energy Retrofit Project With Malaysian Retailer MYDIN

Unity Group's (HKG:1539) Malaysian unit secured a nationwide energy efficiency project with retailer MYDIN, according to a Tuesday Hong Kong bourse filing.Shares of the energy-services provider were up over 1% in Wednesday morning trade.Synergy ESCO (Malaysia) entered into an energy performance contract to upgrade about 210,000 lighting units across 21 MYDIN mall outlets in Malaysia.MYDIN operates 74 retail and wholesale outlets across Malaysia, according to the filing.

HKG:1539

Asia97d ago

ANTA Sports Cuts Convertible Bond Conversion Price After Dividend Approval

ANTA Sports Products (HKG:2020) will adjust the conversion price of its 1.5 billion euros zero-coupon guaranteed convertible bonds due in 2029 to HK$99.80 from HK$101.13 following shareholder approval of a final dividend, according to a Tuesday Hong Kong bourse filing.Shares of the Chinese sportswear group were down nearly 1% in Wednesday morning trade.The adjustment will take effect on May 19.ANTA declared a final dividend of HK$1.08 per share for 2025, with shareholders on record as of May 18 eligible for the payout.Assuming full conversion of the bonds following the adjustment, the bonds will be convertible into about 122.6 million shares, representing about 4.38% of the company's issued share capital.

HKG:2020

Asia97d ago

Huaguang Environment & Energy Associate Submits Hong Kong Listing Application; Shares Up 10%

Wuxi Huaguang Environment & Energy's (SHA:600475) associate, Guolian Green Technology (Wuxi), submitted an application to list and offer shares on the Hong Kong Stock Exchange, according to a Shanghai bourse filing on Wednesday.Guolian Green Tech is a provider of full-cycle smart energy management systems.The Chinese environmental protection services provider's shares jumped 10% during the morning trade.

SHA:600475

Asia97d ago

Yum China Plans $512 Million Share Buybacks in US, Hong Kong

Yum China (HKG:9987) entered into share repurchase agreements for about $512 million of buybacks in the second half of 2026, according to a Tuesday Hong Kong bourse filing.Shares of the restaurant operator were up over 1% in Wednesday morning trade.The company will buy back about $384 million worth of shares in the U.S. and nearly HK$1 billion in Hong Kong.The buybacks are part of a broader plan to return $1.5 billion to shareholders through dividends and share repurchases in 2026.Repurchase programs are expected to begin on July 1 and continue through Dec. 31, unless completed earlier.

HKG:9987

Asia97d ago

Aquirian Expected to Have Balance Sheet Flexibility to Advance Drillforce Unit, Euroz Hartleys Says

Aquirian (ASX:AQN) is expected to have the balance sheet flexibility to advance the ramp-up of its Drillforce subsidiary, increasing the likelihood of future upgrades, Euroz Hartleys said in a Tuesday note.The company recently raised AU$8 million through the placement of about 19.9 million shares at AU$0.40 apiece, with proceeds to be used in the inventory build of automated Collar Keeper Systems and critical spares, Drillforce working capital management, and debt restructuring.Ongoing conversion of the opportunity pipeline is expected to drive earnings upgrades, aligning earnings multiples more closely with peers, the investment advisory firm said.Euroz Hartleys reaffirmed its buy recommendation on Aquirian and raised its price target to AU$0.80 from AU$0.75.

ASX:AQN

Asia97d ago

Market Chatter: Investors Look Beyond Trade Tensions at Trump-Xi Summit

Investors are betting that trade disputes will take a back seat when U.S. President Donald Trump meets Chinese President Xi Jinping in Beijing, Reuters reported Tuesday.Instead, investors are focused on artificial intelligence and possible easing of U.S. chip export curbs, according to the report.China's yuan has climbed to a three-year high, while the Shanghai Composite has reached an 11-year peak amid AI-driven export growth, Reuters wrote.Fund managers remain optimistic despite concerns over Iran, Taiwan and rare earths. Investors are closely watching whether Washington will allow more advanced NVIDIA chips into China, viewing AI development as the market's primary driver, Reuters cited Zeng Wanping, manager at Beijing Monolith Fund.(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.)

Shanghai Composite^SZSE

Asia97d ago

SKC to Raise KRW1.167 Trillion via Shares Issuance; Shares Decline 3%

SK Group's chemical and materials unit SKC (KRX:011790) plans to issue 11.7 million new shares, valued at 1.167 trillion won, according to a filing with the Korea Exchange on Wednesday.The shares will be issued at 99,500 won apiece, the filing said.A portion of the proceeds will be used to secure customer certification for glass substrates and establish a mass production system. SKC will also use the funds to repay borrowings.Shares of the company fell over 3% in recent trade.

KRX:011790

Asia97d ago

Powerlong Real Estate Creditors Approve Debt Restructuring Scheme; Shares Up 4%

Powerlong Real Estate (HKG:1238) secured creditor approval for its proposed debt restructuring scheme at a scheme meeting, according to a Tuesday Hong Kong bourse filing.Shares of the Chinese property developer were up nearly 4% in Wednesday morning trade.A total of 445 scheme creditors holding claims worth about $2.9 billion voted in favor of the proposal, representing about 89.5% of the value of voting claims at the meeting.Powerlong Real Estate will next seek court sanction for the scheme at a hearing scheduled for June 17 in Hong Kong.

HKG:1238

Asia97d ago

Perenti's Sustainable Cash Generation Strategy Supported by Reward of Bellevue Gold Contract, Euroz Hartleys Says

Perenti's (ASX:PRN) existing strategy, centred on sustainable cash generation, disciplined growth, and increasing exposure to high-quality underground mining opportunities, is supported by the reward of a Bellevue Gold (ASX:BGL) contract, Euroz Hartleys said in a note on Wednesday.The firm's underground mining business, Barminco, was awarded an around AU$850 million, four-year underground mining contract at the Bellevue gold project in Western Australia.This represents a meaningful addition to Barminco's Australian underground mining portfolio and further reinforces Perenti's position as a leading underground mining contractor, translating to annualized revenue of around AU$210 million.The investment firm retained its buy rating on Perenti and a price target of AU$2.92 per share.

ASX:BGLASX:PRN

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