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Shenzhen Changfang Incurs 15 Million Yuan in New Debts

Shenzhen Changfang (SHE:300301) incurred 15 million yuan in new overdue debts due to liquidity shortages.This brought total overdue obligations to 191.5 million yuan, equivalent to 209.5% of its audited 2025 net assets.The new debts, owed to Jiangxi Chenghong Technology, matured on May 5 and May 10.

SHE:300301

Asia97d ago

Winding-Up Petition Against MTT Group Unit Dismissed

MTT Group (HKG:2350) said a winding-up petition against its Tritech Distribution unit was dismissed following a sealed order filed with the Hong Kong High Court, according to a Tuesday bourse filing.The parties had reached a settlement related to the petition, which was filed over the alleged non-repayment of $45 million in outstanding invoices from Conversant Solution, in March.

HKG:2350

Asia97d ago

Evergreen International Storage Logs NT$553 Million Profit in Q1

Evergreen International Storage & Transport (TPE:2607) reported a profit attributable to owners of NT$553.3 million, or NT$1.04 per basic share, in the first quarter.Operating revenue amounted to NT$3.99 billion, according to a Tuesday Taiwan Exchange filing.The computer components manufacturer did not provide comparative year-ago figures.

TPE:2607

Asia97d ago

Shuangcheng Pharmaceuticals Secures License Amendment for Hydrochloride Tablets

Hainan Shuangcheng Pharmaceuticals (SHE:002693) unit Ningbo Shuangcheng obtained an amended drug manufacturing license from the Zhejiang regulator.The amendment added Guangzhou Jiurui Pharmaceutical as an entrusted manufacturer for memantine hydrochloride tablets, according to a Tuesday filing with the Shenzhen bourse.The license remains valid until Nov. 13, 2027, with no other changes.Shares of the pharmaceutical company closed 5% lower Tuesday.

SHE:002693

Asia97d ago

Shining Tools Bags INR20 Million Order for Carbide Anvils

Shining Tools (BOM:544607) has secured an order worth 20.1 million Indian rupees from Chandan Process, according to a BSE filing on Tuesday.The contract is for the supply of brazed carbide anvils within six months.The company's shares were up over 2% in recent trade.

BOM:544607

Asia97d ago

New Solvency Regime Credit Positive for Taiwan's Life Insurers, S&P Says

The new Taiwan Insurance Solvency framework is credit positive for Taiwanese life insurers managing their asset-liability mismatch and interest rate, S&P Global Ratings said in a Tuesday release.The framework encourages life insurers to retain strong asset-liability management in terms of duration and cash flow, the rating agency said.Life insurers will keep narrower asset-liability mismatch under the new regime that reduces their interest rate shock exposure, credit analyst Patty Wang said.Tighter asset-liability management will lessen capital gain chances for some insurers, but the benefits from the new regime have better value compared to short-term gains, the analyst said.Taiwan's life insurers have also made stride to prevent unnecessary future risk on top of the 15-year transition period specified by the local regulator, S&P said.

Taiwan Weighted

Asia97d ago

Market Chatter: SoftBank Group Eyes Up to $100 Billion in France Data Centre Investment

SoftBank Group (TYO:9984) is considering an investment of up to $100 billion in France as part of its artificial intelligence infrastructure expansion, Bloomberg News reported on Monday, citing unnamed sources.Founder Masayoshi Son has discussed launching a major AI data center project there with President Emmanuel Macron in the coming weeks, the news wire said.Any final commitment, however, may be lower depending on how Son prioritizes other projects, the publication said.SoftBank Group did not reply to' query at press time.(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.)

TYO:9984

Asia97d ago

Premier Energies, Syrma SGS Scrap K-Solare Energy Acquisition; Shares Fall 5%

Premier Energies (NSE:PREMIERENE, BOM:544238) and Syrma SGS Technology have called off their planned acquisition of K-Solare Energy, according to a Monday filing on Indian bourses.Shares of the company fell nearly 5% in Tuesday's trade.The companies terminated discussions after evaluating strategic considerations, the filing said. The termination is not expected to have a material impact on the financial standing of either firm, it added.The proposed transaction, announced in October 2025, involved the acquisition of a 51% stake in K-Solare through a joint venture structure, according to the filing.

BOM:544238NSE:PREMIERENE

Asia97d ago

StanChart Buys Back Shares

Standard Chartered (HKG:2888) repurchased 777,000 shares on Monday at an average price of 18.89 pounds sterling apiece, according to a Tuesday Hong Kong bourse filing.The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.

HKG:2888

Asia97d ago

Re-defaults in China's Bond Market Rising Amid Continued Housing Weakness, S&P Says

Lingering housing slowdown has driven greater re-defaults in China's bond market, S&P Global Ratings said in a recent release.About 40% of the country's restructured domestic bonds have re-defaulted since 2020, the rating agency said.A third housing market downturn under the crisis catalyzed by China Evergrande Group's default may prompt increased re-defaults in 2027, S&P's Greater China country lead for corporates Charles Chang said.Systemic risk concerns stemming from the crisis will worsen scenarios, especially with the added impact of the Iran conflict, Chang said.Given these challenges, the government carried out directives against outright defaults, leading to zero offshore bond default rates and amounts for new defaulters for the year to date, S&P said.However, declining default rates will further weigh on credit differentiation in the country's bond market and efficient credit allocation, according to Chang.

Shanghai Composite^SZSE

Asia97d ago

KDDI's Full-Year Profit Rises 7.9%

KDDI's (TYO:9433) profit attributable to owners of the parent climbed 7.9% to 707.1 billion yen for the fiscal year ended March 31, from 655.4 billion yen a year earlier.The telecommunication company's earnings per share increased to 183.55 yen from 161.81 yen a year ago, according to a Tokyo bourse filing on Tuesday.Operating revenue rose 4.1% to 6.072 trillion yen from 5.836 trillion yen in the prior year.It declared a final dividend of 40 yen per share, payable from June 29.For the fiscal year ending March 31, 2027, the company expects adjusted attributable profit of 731 billion yen, adjusted basic EPS of 196.29 yen, and operating revenue of 6.41 trillion yen.KDDI plans to pay interim and year-end dividends of 42 yen per share each for the year, higher than the amount paid in the year-ago period.

TYO:9433

Asia97d ago

China Stocks Fall Amid Anticipation of Trump-Xi Summit; Rare Earths Slide

Chinese stocks declined Tuesday as investors await with bated breath the outcome of the talks between Presidents Donald Trump and Xi Jinping.The Shanghai Composite Index, the main gauge of Chinese stocks, lost 0.3% or 10.53 points to reach 4,214.49. The Shenzhen Component Index fell 0.5% or by 74.38 points to 15,824.92.China and the U.S. should take a long-term view to ensure continuing trade and economic relations between the two countries, an editorial by the Communist Party's People's Daily newspaper said."Economic and trade relations continue to serve as the 'ballast' and 'propeller' of China-US relations," the editorial said.Meanwhile, the CSI Rare Earth Industry Index slid 3% during the closing bell, leading onshore declines. China Northern Rare Earth (Group) High-Tech (SHA:600111) plunged 6% while China Rare Earth Resources and Technology (SHE:000831) closed 4% lower.Ningbo Hicon Industry Technology (SHE:001237) priced its initial public offering at 53.26 yuan per sahre, while Jiadeli Electronics Material (SHA:603435) priced its offering at 15.76 yuan apiece.

Shanghai Composite^SZSESHA:600111SHA:603435SHE:000831SHE:001237

Asia97d ago

Hong Kong Stocks End Lower as U.S.-Iran Talks Remain Stalled; Hengrui Pharma Jumps

Hong Kong stocks ended slightly lower on Tuesday as fading expectations for progress in U.S.-Iran negotiations and caution ahead of U.S. inflation data weighed on sentiment.The Hang Seng Index shed 0.2%, or 58.93 points, to close at 26,347.91, while the Hang Seng China Enterprises Index barely moved in negative territory to finish at 8,882.37.U.S. President Donald Trump said on Monday that a ceasefire with Iran was "on life support" after Tehran's response to a U.S. proposal highlighted divisions between the two sides.Tehran has called for compensation for war-related damage, an end to the U.S. naval blockade, assurances against further attacks, and the resumption of Iranian oil exports.Markets are also closely watching Trump's visit to China, which begins on Wednesday.In corporate news, Hengrui Pharmaceuticals (HKG:1276, SHA:600276) advanced nearly 5% in Hong Kong after signing a drug development deal with Bristol Myers Squibb worth up to $15.2 billion.

Hang SengHKG:1276SHA:600276

Asia97d ago

ACME Solar Incorporates New Renewable Energy Subsidiary

ACME Solar Holdings (NSE:ACMESOLAR, BOM:544283) incorporated a wholly owned subsidiary, ACME Greentech Twenty One, in Gurugram, Haryana, according to a Monday filing on Indian bourses.Shares of the company fell over 1% in Tuesday's trade.The subsidiary has been set up to develop, establish and operate power generation and renewable energy projects, the filing said.

BOM:544283NSE:ACMESOLAR

Asia97d ago

Crisil Assigns Crisil AA- Rating to Keystone Realtors' INR3.35 Billion Debentures; Shares Slide 3%

Crisil has assigned Keystone Realtors (NSE:RUSTOMJEE, BOM:543669) a 'Crisil AA -' rating for its non-convertible debentures worth 3.35 billion Indian rupees, according to a Tuesday filing to the Indian stock exchanges.The ratings agency has also given a stable outlook for the real estate developer's debentures.The company's shares were down over 3% in recent trade.

BOM:543669NSE:RUSTOMJEE

Asia97d ago

Indonesia Reviews Changes to Metal Commodity Royalties

Indonesia is reviewing changes to the royalty rates of various metal mineral commodities, including nickel, tin, gold, silver, copper, and chromium, according to a Monday statement by the Ministry of Energy and Mineral Resources.The government is currently obtaining feedback from stakeholders affected by the increase in the non-tax state revenue rate for production contributions from the metals, Minister of Energy and Mineral Resources Bahlil Lahadalia said at a meeting Monday.The final decision on the rate hike will ensure the best interests of the government and the industry actors are met, Bahlil further emphasized.The Directorate General of Minerals and Coal previously held an online public consultation on Friday regarding the change in the royalty rates.

^JKSE

Asia97d ago

South Korean Shares Plummet as US-Iran Tensions Halt Winning Streak

South Korean shares snapped a five-session winning streak on Tuesday, with the Kospi and Kosdaq both sliding 2.3% as stalled geopolitical negotiations in the Middle East prompted widespread profit-taking.The Korea Composite Stock Price Index or Kospi decreased by 179.09 points, or 2.3%, to end at 7,643.15. The Kosdaq also declined by 28.05 points, or 2.3%, to close at 1,179.29.In corporate news, the head of Samsung Electronics' (KRX:005930) largest labor union, Choi Seung-ho, said a planned strike may be preventable if management improves transparency around compensation, citing growing distrust among employees and concerns over talent leaving for competitors.Cho criticized the company's discretionary bonus adjustment system as "opaque."Talks between the 70,000-member-strong union and management have resumed under the mediation of the Central Labor Relations Commission under South Korea's Ministry of Employment and Labor.The union has warned of an extended strike if negotiations fail and is pushing to remove caps on bonuses tied to company performance.Shares of the chipmaker fell over 2% at market close.In other news, CJ Seafood (KRX:011150) posted a first-quarter net loss attributable to shareholders of 1.29 billion won, swinging from an attributable net income of 231 million won a year earlier, according to a Tuesday filing with the Korea Exchange.Sales of the processed meat and seafood company were up 4.6% year over year to 55 billion won from 52.5 billion won.Shares of CJ Seafood fell more than 1% at market close.

^KOSDAQKOSPIKRX:005930

Asia97d ago

Market Chatter: Reliance Industries May Offer Only Fresh Shares in Jio IPO to Limit Capital Outflows

Reliance Industries (NSE:RELIANCE, BOM:500325) plans to offer only fresh shares in the proposed initial public offering of Jio Platforms, without stake sales by existing investors, Bloomberg reported Monday, citing people familiar with the matter.Jio Platforms could raise up to $4 billion through the offering, the people told Bloomberg. This would make it India's largest-ever IPO, surpassing Hyundai Motor India's $3.3 billion listing, the report noted.The company aims to file draft papers for IPO this month, the report said. Market volatility due to the Iran war has already delayed timelines, it added.A fresh issue structure would help reduce overseas capital outflows at a time when foreign investors continue to pull money from Indian equities, Bloomberg noted.(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.)

BOM:500325NSE:RELIANCE

Asia97d ago

Mitsubishi Heavy Industries' Profit Surges 35% in Fiscal Year

Mitsubishi Heavy Industries' (TYO:7011) profit attributable to owners of the parent jumped 35% to 332.1 billion yen for fiscal 2025 from 245.4 billion yen a year earlier.The engineering company's earnings per share increased to 98.84 yen from 73.02 yen a year ago, according to a Tokyo bourse filing on Tuesday.Revenue climbed 14% to 4.974 trillion yen for the year ended March 31 from 4.361 trillion yen in the prior year.In a separate disclosure, Mitsubishi Heavy raised its final dividend to 13 yen per share, from the initially planned 13 yen per share, payable from June 29.For the fiscal year 2026, the company expects an attributable profit of 380 billion yen, basic EPS of 113.09 yen, and revenue of 5.400 trillion yen.Mitsubishi Heavy Industries plans to pay interim and year-end dividends of 14 yen and 15 yen per share, respectively, for the year.

TYO:7011

Asia97d ago

Market Chatter: Titan Expects Short-Term Slowdown if Indian Government Curbs Gold Buying

Indian jewelry major Titan (NSE:TITAN, BOM:500114) expects a temporary demand slump if the government proceeds with any policies to rein in gold buying, Bloomberg News reported Tuesday, citing the company's finance chief.The firm expressed optimism that domestic consumption will remain resilient over time and expects no supply disruption for as long as four months, Titan Chief Financial Officer Ashok Sonthalia reportedly said in a Bloomberg interview.Indian Prime Minister Narendra Modi called on citizens to avoid purchasing gold for a year to protect foreign exchange reserves, according to the report.Titan's shares were down over 2% in recent trade.(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.)

BOM:500114NSE:TITAN

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