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Beat Holdings Reports Nearly $4 Million Unrealized Loss on Bitcoin ETF Position

Beat Holdings (TYO:9399) said its holdings in the iShares Bitcoin Trust ETF were valued at about $14.3 million as of April 30, compared with a total purchase cost of about $18.1 million, according to a Thursday filing on the Tokyo Stock Exchange.The company held 330,930 units of the Bitcoin ETF, resulting in an unrealized valuation loss of about $3.8 million, or 609.6 million yen, based on Nasdaq's April 30 closing price of $43.32 per unit.

TYO:9399

Asia101d ago

Jarden Adjusts BWP Trust's Price Target to AU$3.47 from AU$3.45, Keeps at Underweight

ASX:BWP

Asia101d ago

Jarden Adjusts Super Retail Group's Price Target to AU$14.90 from AU$15.20, Keeps at Overweight

ASX:SUL

Asia101d ago

Jarden Adjusts Amcor's Price Target to AU$75.90 from AU$75, Keeps at Overweight

ASX:AMC

Asia101d ago

Zhejiang Jingu Wins First European Heavy-Duty Truck Wheel Order

Zhejiang Jingu (SHE:002488) received a nomination letter from an undisclosed global automaker to supply Avatar low-carbon wheels for heavy-duty truck models.Mass production is scheduled for September, according to a Thursday filing with the Shenzhen bourse.This marks the company's first original equipment project in the European heavy-duty truck sector.Shares of the steel wheel manufacturer closed 2% higher Thursday.

SHE:002488

Asia101d ago

Sankei Real Estate Secures Up to 1.50 Billion Yen Credit Loan

Sankei Real Estate (TYO:2972) said it signed an uncommitted line of credit loan master agreement with Mizuho Bank for up to 1.50 billion yen, according to a Thursday filing on the Tokyo Stock Exchange.The agreement, scheduled to take effect on May 11, 2026, and run through May 2027, renews an existing facility that expires on May 9, 2026.Sankei Real Estate will use the credit line to maintain funding flexibility, including for asset acquisitions and debt repayment, it said.

TYO:2972

Asia101d ago

Market Chatter: MediaTek Launches 'Most Advanced' Data Center

MediaTek (TPE:2454) launched the first phase of its most advanced AI data center, aimed at boosting in-house research and development as AI demand accelerates globally, Nikkei Asian Review reported Thursday.The facility is powered by Nvidia's B200 platform and DGX SuperPOD infrastructure, and becomes Taiwan's first to adopt immersion-cooling technology for high-performance AI computing.Company president Joe Chen said the system will sharply speed up development cycles, supporting work on next-generation chips, cloud computing, and advanced AI applications, reportedly.MediaTek also highlighted deepening collaboration with Nvidia and major tech clients, while ramping up R&D spending as competition in AI infrastructure intensifies, the Nikkei said.(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.)

TPE:2454

Asia101d ago

Toho Zinc Issues Shares Following Partial Warrant Exercise by Apricus Partners

Toho Zinc (TYO:5707) said 5,936 units of its first series share acquisition rights were exercised in April, resulting in the delivery of 593,600 shares, according to a Thursday filing on the Tokyo Stock Exchange.The exercised warrants represented 17% of the total 35,000 units issued through a third-party allotment to Apricus Partners in April.Outstanding share acquisition rights declined to 27,184 units, equivalent to 2.7 million shares, at the end of April from 33,120 units a month earlier.

TYO:5707

Asia101d ago

Linyang Energy Recommended As Winner for State Grid's Bids

The State Grid Corporation of China recommended Jiangsu Linyang Energy (SHA:601222) as a winning candidate for its meter procurement bids, according to a Shanghai bourse filing on Thursday.The total winning amount is expected to be approximately 220.1 million yuan.The Chinese energy services provider's shares rose by less than 2% at the close.

SHA:601222

Asia101d ago

Tokyo Kiraboshi to Discuss Capital Policy at Board Meeting

Tokyo Kiraboshi Financial (TYO:7173) said media reports regarding the redemption of preferred shares held by the Tokyo Metropolitan Government were not based on information disclosed by the company, according to a Wednesday filing on the Tokyo Stock Exchange.The lender said it is considering various capital policy options, including redeeming preferred shares, as part of its management strategy, though no decision has been made.Tokyo Kiraboshi said its board plans to discuss the matter on May 8.

TYO:7173

Asia101d ago

Sumitomo Forestry Secures 835 Billion Yen Bridge Loan for Tri Pointe Homes Acquisition

Sumitomo Forestry (TYO:1911) has signed a loan agreement for up to 835.1 billion yen to fund its acquisition of U.S. homebuilder Tri Pointe Homes, according to a Thursday filing on the Tokyo Stock Exchange.The loan from Sumitomo Mitsui Banking Corporation is scheduled for disbursement on May 11 and matures in May 2027. The facility carries a floating interest rate and includes financial covenants tied to net asset levels and credit ratings.Sumitomo Forestry said the financing will cover the purchase of Tri Pointe Homes shares, refinancing of existing debt and related costs. The acquisition price based on $47 per share is expected to total about 630 billion yen, excluding related expenses.The company said it plans to refinance the bridge loan through long-term financing within about one year.

TYO:1911

Asia101d ago

StanChart Buys Back Shares

Standard Chartered (HKG:2888) repurchased 809,076 shares on Wednesday at an average price of 19.07 pounds sterling apiece, the bank said in a Hong Kong bourse filing Thursday.The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.

HKG:2888

Asia101d ago

Yunnan Coal & Energy's Unit Closes Coke Oven Due to Losses

Yunnan Coal & Energy's (SHA:600792) unit, Shizong Coal Coking Chemical, decided to shut down its No. 2 coke oven due to continuous losses, according to a Shanghai bourse filing on Thursday.The inverted coal-coke price spread was a major factor in the losses.During the shutdown, safety, environmental protection, and economic measures will be implemented to determine whether to resume its operations.The No. 1 coke over will continue a low-load operation.The coal chemical manufacturer's shares dropped by less than 6% at the close.

SHA:600792

Asia101d ago

SPARX Group to Book Gain on Investment Security Sale

SPARX Group (TYO:8739) said it will record a 1.53 billion yen extraordinary gain from the sale of an investment security in the first quarter ending June 2026, according to a Thursday filing on the Tokyo Stock Exchange.The company sold a foreign-domiciled fund investment in April following changes to the structure of an investment fund managed by an affiliated company, where SPARX had made a seed investment.

TYO:8739

Asia101d ago

Hong Kong Stocks Hit 10-Week High; Midea Taps Bond Markets to Raise HK$17 Billion

Hong Kong equities rose to a near 10-week high on Thursday after U.S. President Donald Trump said Washington was making progress toward a peace deal with Iran.The Hang Seng Index rose by 412.50 points, or 1.6%, to end at 26,626.28, the best finish since Feb. 27. The Hang Seng China Enterprises Index increased by 118.73 points, or 1.4%, to 8,919.48.Trump told reporters at the White House that "it's very possible that we'll make a deal," as Tehran reviewed a U.S. peace proposal that could formally end the Middle East conflict.The latest memorandum from the U.S. would kick off discussions to unblock shipping from the Strait of Hormuz and lift sanctions on Iran in exchange for curbs on Tehran's nuclear program, Reuters reported.In local development, Hong Kong's retail sales jumped nearly 13% year on year to HK$33.9 billion in March. Meanwhile, the value of total receipts in the city's restaurant sector rose 1.1% year over year to HK$28.4 billion in the first quarter of 2026.In corporate news, Midea (SHE:000333, HKG:0300) plans to issue HK$8.62 billion of zero-coupon convertible bonds due 2027 and HK$8.62 billion of zero-coupon convertible bonds due 2033.The appliance manufacturer plans to use about 60% of the proceeds for international expansion and offshore liquidity enhancement, with the remainder for general corporate purposes.

Hang SengHKG:0300SHE:000333

Asia101d ago

Prudential Buys Back Shares

Prudential (SGX:K6S, HKG:2378) bought back 255,414 shares in London on Wednesday at an average price of about 11.61 pounds sterling apiece, according to a Thursday Hong Kong bourse filing.The insurer intends to cancel the repurchased shares.Following the transaction, the company will have about 2.52 billion shares in issue.

HKG:2378SGX:K6S

Asia101d ago

CarTrade Tech's Consolidated Profit Climbs in Fiscal Q4; Shares Jump 6%

CarTrade Tech's (NSE:CARTRADE, BOM:543333) consolidated attributable profit rose to 646.1 million Indian rupees from 418.2 million rupees a year ago, according to a Thursday filing to the Indian stock exchanges.Earnings per share climbed to 12.87 rupees from 8.18 rupees a year earlier, the online auto classifieds platform said in a filing to the Indian stock exchanges on Thursday.Revenue from operations in fiscal Q4 also increased to 2.03 billion rupees from 1.70 billion rupees a year ago.The company's shares were up over 6% in recent trade.

BOM:543333NSE:CARTRADE

Asia101d ago

Wondux Environmental Protection's Consortium Bags Wastewater Resource Project for 303 Million Yuan

A consortium with Nanjing Wondux Environmental Protection Technology (SHA:688178) won the bid for an industrial wastewater resource utilization project for 302.5 million yuan, according to a Thursday disclosure on the Shanghai bourse.The project is located in Guzhen Economic Development Zone, Bengbu City, China and will include the construction of a new reclaimed water plant and high-salinity wastewater treatment station.The construction will run for 180 days.The Chinese waste management services company's shares fell 2% at the close.

SHA:688178

Asia101d ago

Indonesia's Debt Capital Market to Reach $800 Billion by End-2026, Fitch Says

Indonesia's debt capital market could come to $800 billion outstanding by end-2026, supporting the country's status as a major emerging market debt issuer and one of the world's largest sukuk markets, Fitch Ratings said in a recent release.The country's debt market is mainly sovereign-linked, while onshore corporate issuance will likely grow, Fitch said.However, pressure from domestic market volatility given governance worries and the impact of the Iran war on oil prices could shape issuance dynamics , the rating agency said.Foreign investors' holdings of tradeable domestic government securities declined to below 13% by mid-April, entailing a risk-off sentiment, Fitch's global head of Islamic finance Bashar Al Natoor said.The country's debt capital market was at $755 billion outstanding at the end of the first quarter, growing 5% year over year and with sukuk having a 17.5% share, Fitch said.Debt issuance in the quarter reached about $47 billion, down 6% annually due to macroeconomic volatility and a large rise in borrowing from the previous quarter, according to Fitch.

^JKSE

Asia101d ago

Arisinfra Unit Secures Service Order for Panvel Township Project

Arisinfra Solutions (NSE:ARIS, BOM:544419) secured a service order from Wadhwa Construction & Infrastructure, through its subsidiary Arisunitern Re Solutions Pvt. Ltd., according to an Indian bourse filing on Wednesday.The company's shares rose over 2% in Thursday's trade.The order is for the deployment of the company's proprietary "Developer-as-a-Service" platform at the Wadhwa Wise City project in Panvel, the filing said. The contract also includes the utilization of the company's "Catalyst" module to support execution and monetization of near-completion project phases, the filing said.The contract carries an estimated achievement value of up to 4 billion Indian rupees out of the gross development value of about 6.50 billion rupees, according to the filing.The contract commenced on May 1 and is valid for eight months, the company said.

BOM:544419NSE:ARIS

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