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PolyNovo Says JPMorgan Chase's Voting Power Rises to 9.18%, Shares Fall 3%

PolyNovo (ASX:PNV) said that the voting power of JPMorgan Chase and its affiliates in the firm increased to 9.18% from 7.89%, as of Tuesday, according to an Australian bourse filing on Friday.JPMorgan Chase and its affiliates now hold 63.4 million shares in the firm.Its shares fell 3% in recent trading on Friday.

ASX:PNV

Asia101d ago

New Zealand Shares Retreat; Fletcher Building Unit to Sell Cheltenham Property to Forza Capital

New Zealand shares closed lower on Friday as doubts lingered around a US-Iran peace deal amid attacks in the Persian Gulf.The S&P/NZX 50 Index fell 0.6% or 80.07 points to close at 13,190.54.US President Donald Trump said that the ceasefire between Iran and the US was still in effect despite clashes between the forces of the two countries. Iran said the situation had returned to normal, according to a Reuters report. Brent crude oil futures rose 1.3% to $101.60 per barrel.In domestic news, first home buyers in New Zealand represented 27.5% of property purchases across the country in the first quarter, slightly lower than the 28.2% record high in the fourth quarter of 2025, according to a Cotality-Westpac report.New Zealand's total new lending increased to NZ$15.13 billion in March from NZ$11.05 billion in February, according to data from the Reserve Bank of New Zealand. New lending fully secured by residential mortgage rose to NZ$8.68 billion in March from NZ$6.99 billion in the previous month.In corporate news, Fletcher Building (ASX:FBU, NZE:FBU) said its Laminex Australia division has conditionally agreed to sell its Cheltenham, Melbourne property to Forza Capital for AU$53.8 million. The transaction is contingent upon Forza completing environmental due diligence and securing internal approvals by mid-June.Bankers Investment Trust's (NZE:BIT) unaudited net asset value was 1.516 pounds sterling per share as of Wednesday. This included current financial year revenue items and excluded shares held in treasury.

^NZ50NZE:BITNZE:FBU

Asia101d ago

Update: Atlantic Lithium Enters Scheme Implementation Deed With China's Huayou Cobalt; Shares Up 11%

(Updated to include Huayou Cobalt's ticker symbol)Atlantic Lithium (ASX:A11) entered into a binding scheme implementation deed with China-based battery manufacturing firm Zhejiang Huayou Cobalt (SHA:603799) for the acquisition of all of the issued shares in the company through a scheme of arrangement at $0.25486 apiece, according to a Thursday filing with the Australian bourse.The all-cash scheme consideration values the company at about $210 million, the filing said.The board unanimously recommended that shareholders vote in favor of the scheme, in the absence of a superior proposal and subject to an independent expert continuing to conclude that it is in the best interests of shareholders, per the filing.Atlantic Lithium shares rose 11% in afternoon trade on Thursday.

ASX:A11SHA:603799

Asia101d ago

Wens Foodstuff See Mixes April Broiler, Hog Sales Revenue

Wens Foodstuff (SHE:300498) posted April broiler sales revenue of 2.67 billion yuan, up 5.1% from 2.54 billion yuan in the year-ago period.Sales volume rose 4.9% year over year to 108.9 million chicken heads from 103.8 million heads, according to a Thursday filing with the Shenzhen bourse.Hog sales revenue fell 30% to 3.86 billion yuan from 5.55 billion yuan, while sales volume rose 2.1% to 3.24 million pigs from 3.17 million pigs.Shares of the chicken and pig product producer were down 1% in recent trade.

SHE:300498

Asia101d ago

Regis Resources Says Morgan Stanley, Units Acquire 5.87% Stake

Regis Resources (ASX:RRL) said Morgan Stanley and its subsidiaries became a substantial holder of the firm after acquiring 44.4 million shares, or a 5.87% stake, on Tuesday, according to a Friday Australian bourse filing.

ASX:RRL

Asia101d ago

Jumpcan Pharma's Jianwei Xiaoshi Oral Liquid Added to China's Centralized Procurement Program

Hubei Jumpcan Pharmaceutical's (SHA:600566) Jianwei Xiaoshi Oral Liquid was selected for the National Chinese Patent Medicine's centralized procurement, according to a Friday disclosure to the Shanghai bourse.The drug is used to treat food stagnation and indigestion.During the procurement period, medical institutions will prioritize the use of the selected products, the pharmaceutical company said.

SHA:600566

Asia101d ago

Tabcorp Likely Faces Remediation Costs from Austrac Probe, But Sell-Off Overdone, Jarden Says

Tabcorp Holdings (ASX:TAH) likely faces remediation costs in a new regulatory enforcement investigation, and repeat offender status is also a risk, but neither of those factors justifies the magnitude of the sell-off in the company's stock, Jarden said in a Thursday note.The Australian Transaction Reports and Analysis Center (AUSTRAC) is investigating the company's compliance with anti-money laundering and counter-terrorism financing obligations, citing concerns about its ability to identify and mitigate risks.Jarden noted there is no certainty of a financial penalty as the regulator's disclosure stated that all outcomes are on the table, while previous cases show that a zero-penalty result is possible when the regulator is satisfied with cooperation.AUSTRAC's previous gambling sector penalties have ranged from zero to AU$450 million, the equity research firm said, adding that it views top-line implications for Tabcorp as limited.The company's shares fell sharply after the disclosure of the probe, and at those levels, "the stock appears to be factoring a cost impost well in excess of what the precedent set supports," Jarden said.It maintained an overweight rating on Tabcorp with a target price of AU$1.05, saying it will revisit those assessments if Austrac files civil penalty proceedings or Tabcorp takes on provisions related to the case.The company's shares fell 13% in recent Friday trade.

ASX:TAH

Asia101d ago

Suryoday Small Finance Bank Turns to Profit in Fiscal Q4; Shares Up 7%

Suryoday Small Finance Bank (NSE:SURYODAY, BOM:543279) posted a net profit of 497.2 million Indian rupees in the fiscal fourth quarter ended March 31, compared with a net loss of 337.8 million rupees a year ago.Earnings per share came in at 4.68 rupees, compared with loss per share of 3.18 rupees a year earlier, according to a Thursday filing to the Indian stock exchanges.Interest earned increased year on year to 6.02 billion rupees from 4.71 billion rupees a year earlier.The bank's shares jumped nearly 7% in recent trade.

BOM:543279NSE:SURYODAY

Asia101d ago

Market Chatter: Trump Administration to Invite CEOs to China Trip

The government of U.S. President Donald Trump is looking to invite CEOs from Nvidia, Apple, Exxon, Boeing, and other big firms to join him in his visit to China within the month, news website Semafor reported Thursday.CEOs from Qualcomm, Blackstone, Citigroup, and Visa also received invitations, the report said.Qualcomm CEO Cristiano Amon confirmed his attendance "as long as the trip goes ahead as planned," Reuters reported separately, citing a person familiar with the matter.Citigroup CEO Jane Fraser is also going on the trip, the newswire also said, citing another source.U.S. Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer, and U.S. Ambassador to China David Perdue suggested attendees for Trump's visit, according to Semafor.(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

Asia101d ago

FAWAY Automobile Components Expects Up to 7.6 Billion Yuan Revenue from Vehicle Seat Orders; Shares Up 3%

Changchun FAWAY Automobile Components (SHA:600742) expects to generate sales revenue totaling 7.6 billion yuan from vehicle seat orders from two joint-venture automobile manufacturers, according to a Shanghai bourse filing on Friday.The company will produce seat products for the clients' vehicle models, with mass production for the products expected in June 2027, July 2027 and November 2027.The estimated project lifecycle is eight years.The automobile parts manufacturer's shares rose less than 3% during the midday trade.

SHA:600742

Asia101d ago

Xili Intelligent Tech Wins State Grid's Metering Equipment Tender

Hangzhou Xili Intelligent Technology (SHA:688616) was selected as one of the winning bidders for State Grid Corporation of China's public tender for metering equipment, according to a Shanghai bourse filing on Friday.The winning bid amount totals 162 million yuan, the Chinese smart meters manufacturer said.The winning package includes Class A single-phase smart electricity meters, Class B and C three-phase smart electricity meters, smart integrated terminals, metering low-voltage current transformers, 10-35-kilovolt metering current and voltage transformers and 10kV metering combined transformers.

SHA:688616

Asia101d ago

Far EasTone Logs NT$3.7 Billion in Q1 Profit

Far EasTone Telecommunications (TPE:4904) reported profit attributable to owners of NT$3.71 billion, or NT$1.03 per basic share, in the first quarter, according to a Thursday Taiwan Exchange filing.Shares gained about 1% in Friday's early afternoon trade.Operating revenue amounted to NT$27.8 billion, the filing stated. The telco did not provide comparative year-ago figures.

TPE:4904

Asia101d ago

Lonza Group Delivers Strong Performance in Q1

Lonza Group (SGX:O6Z) delivered strong contract development and manufacturing organization (CDMO) growth during the first quarter of the year, according to a Friday filing with the Singapore Exchange.The Swiss pharmaceutical company expects stronger sales in the first half of 2026 compared to the second half, backed by a lower prior-year base and planned site shutdowns.The momentum in Q1 was led by strong contributions from the integrated biologics segment and improvement from the specialized modalities segment.Lonza projects sales growth of 11% to 12% at constant exchange rates for the full year 2026.Over the medium term, the dual-listed group targets average sales growth in the low teens at constant exchange rates.

SGX:O6Z

Asia101d ago

Market Chatter: Alibaba Group, Tencent Earnings to Slow Over Mounting AI Costs

Alibaba Group (HKG:9988) and Tencent Holdings (HKG:0700) could post slower earnings growth in their upcoming results next week as artificial intelligence costs rise and domestic competition intensifies, Bloomberg said in an earnings preview Friday.Tencent's full-year earnings growth is expected to slow to the low-teen percentage range as AI investments double, while Alibaba faces pressure from China's soft consumption outlook, Bloomberg reported, citing Bloomberg Intelligence.Bloomberg Intelligence also said stronger cloud-computing demand is unlikely to provide a meaningful earnings boost for either company in 2026 because of intense competition and margin pressure in the segment.Both firms are due to announce their result on Wednesday next week.(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:0700HKG:9988

Asia101d ago

Hung Sheng Construction Books Q1 Net Loss of NT$11 Million

Hung Sheng Construction (TPE:2534) incurred a net loss attributable to owners of NT$11.4 million for the first quarter, or NT$0.02 per basic share, according to a Thursday disclosure on the Taiwan Exchange.Shares slid about 2% in Friday's afternoon trade.The construction company did not provide comparative year-ago figures.Operating revenue amounted to NT$209.2 million, it said.

TPE:2534

Asia101d ago

Taichung Commercial Bank Logs NT$2.4 Billion Profit in Q1

Taichung Commercial Bank (TPE:2812) posted a net profit attributable to owners of NT$2.43 billion for the first quarter, or NT$0.40 per basic share, according to a Thursday disclosure on the Taiwan Exchange.The lender did not provide comparative year-ago figures.Net interest revenue amounted to NT$3.38 billion, it said.

TPE:2812

Asia101d ago

Parag Milk Foods' Consolidated Profit Rises in Fiscal Q4; Shares Down 4%

Parag Milk Foods (NSE:PARAGMILK, BOM:539889) consolidated profit rose to 322.4 million Indian rupees in the fiscal fourth quarter ended March 31, from 262.1 million rupees a year ago.Earnings per share grew to 2.52 rupees from 2.10 rupees a year earlier, the dairy products company said in a filing to the Indian stock exchanges on Friday.Revenue from operations in fiscal Q4 also increased to 9.45 billion rupees from 9.18 billion rupees a year ago.The company's board recommended a final dividend of 1.10 rupees per share of 10 rupees each for the financial year ended March 31.The company's shares were down nearly 4% in recent trade.

BOM:539889NSE:PARAGMILK

Asia101d ago

Shaanxi Coal's Coal Sales Rise 5% in April, Electricity Sales Climb 10%

Shaanxi Coal Industry's (SHA:601225) coal sales in April rose 5.4% to 13.8 million tons from 13.1 million tons a year earlier, according to a Friday disclosure on the Shanghai bourse.Coal output climbed 9.7% year on year to 15.6 million tons from 14.2 million tons.Meanwhile, the company's total electricity sales inched 9.9% higher year on year to 2.33 billion kWh from 2.12 billion kWh.Total power generation during the month increased 9.8% to 2.49 billion kilowatt-hours from 2.27 billion kWh in the previous year.The coal miner's shares slipped 1% during the midday trade.

SHA:601225

Asia101d ago

Tabcorp's Rating Not Immediately at Risk Due to Austrac Investigation, Fitch Says

Tabcorp Holdings' (ASX:TAH) credit rating is not expected to see an immediate impact from an early-stage enforcement investigation launched by the Australian Transaction Reports and Analysis Centre (Austrac), Fitch Ratings said Friday.The regulator is probing the company's compliance with anti-money laundering and counter-terrorism financing obligations, citing concerns about the wagering operator's ability to identify and mitigate associated risks.Austrac could decide against any further action on Tabcorp, but any enforcement might lead to civil penalties, legal costs, or remediation expenses that would impact the company's financial profile, Fitch said. Enforcement action could also point to governance deficiencies that would be relevant to the rating."Tabcorp's financial profile is currently strong for the rating, which provides the capacity to absorb moderate additional costs, if required," the ratings agency said, adding that it does not currently have sufficient information to evaluate the scale or likelihood of the investigation's outcome.Fitch noted, however, that the development does add to wider regulatory scrutiny of Australia's gaming and wagering sector, which may increase compliance costs for operators across the space.Tabcorp's shares fell nearly 13% in recent Friday trade.

ASX:TAH

Asia101d ago

Huationg Global Subsidiary to Develop SG$58 Million Dormitory on New Leasehold Land

Huationg Global's (SGX:41B) subsidiary, One Changi, signed an agreement to acquire a 4,385 square meter leasehold estate in Singapore for an undisclosed fee, according to a Thursday filing with the Singapore Exchange.Shares of the civil engineering services company were up over 1% in Friday trading.The subsidiary plans to construct a purpose-built dormitory on the site, with an estimated gross floor area of approximately 7,000 square meters.The estimated development cost for the dormitory is around SG$58 million, the filing said.The move is part of the company's efforts to regrow its dormitory business.

SGX:41B

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