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Peel Mining Says Court Approves Shareholder Meeting for Planned Acquisition by Aeris Resources; Aeris Resources Shares Fall 5%

Peel Mining (ASX:PEX) said the Supreme Court of New South Wales made orders that it convene a meeting of Peel shareholders to consider and vote on a scheme of arrangement under which Aeris Resources (ASX:AIS) plans to acquire the company, according to a Tuesday Australian bourse filing.The court also approved the distribution of an explanatory statement providing information about the scheme. The meeting will be held on June 15.Shares of Aeris Resources fell past 5% in recent trading on Tuesday, while Peel Mining's shares jumped almost 4%.

ASX:AISASX:PEX

Asia103d ago

Kangqiao Service Unit Faces Asset Enforcement in RMB474 Million Dispute

Kangqiao Service Group (HKG:2205) said a mainland court has taken enforcement measures against assets of its wholly owned subsidiary, Kangqiao Yueshenghuo Service, according to a Monday Hong Kong bourse filing.Shares of the property manager were down nearly 1% in Tuesday morning trade.The Intermediate People's Court of Zhengzhou City deducted bank balances and related interest of about 214.5 million yuan from the subsidiary and obtained enforcement proceeds of about 17,600 yuan.The court also seized four vehicles registered under the subsidiary, though the company said it does not have actual control over them.The enforcement follows a prior judgment holding the subsidiary liable for 473.7 million yuan under certain loan agreements, together with accrued interest.After completing enforcement actions and investigations, the court ruled to terminate the current enforcement procedure, while the creditor retains the right to pursue further repayment.The company said the measures are not expected to have a material adverse impact on its business operations, and it is seeking legal advice on the ruling.

HKG:2205

Asia103d ago

China Strategic Technology Shares Jump as Revenue Rises 11% in April

China Strategic Technology (HKG:1725) posted revenue of 36.1 million yuan in April, up 11% from 32.5 million yuan a year earlier, according to a Monday filing with the Hong Kong bourse.Shares of the aerospace company were up nearly 17% in Tuesday morning trade.

HKG:1725

Asia103d ago

ASX Midday Sector Update: Information Technology Stocks Gain, Materials Struggle

Information technology stocks advanced 1.2% in midday trading Tuesday as markets awaited an interest rate decision from the Australian central bank due later in the afternoon.WiseTech Global (ASX:WTC) gained more than 6%, but Gentrack Group's (ASX:GTK, NZE:GTK) Australian-listed shares tumbled past 32% after the company cut its fiscal year 2026 revenue guidance.Meanwhile, materials stock led decliners with a fall of 1.2%, as nearly all sectors were in the red after tensions around the Strait of Hormuz intensified following a suspected Iranian attack on a United Arab Emirates oil facility.Regis Resources (ASX:RRL) agreed to acquire Vault Minerals (ASX:VAU) in a merger of equals to create a major gold producer with a pro forma market capitalization of about AU$10.7 billion. Regis shares fell nearly 5% and Vault gained over 4%.

ASX 200ASX:GTKASX:RRLASX:VAUASX:WTC

Asia103d ago

Market Chatter: Chaozhou Three-Circle Targets Up to $1 Billion in Hong Kong IPO

Chaozhou Three-Circle (SHE:300408) is planning a Hong Kong listing that could raise as much as $1 billion, Reuters reported Monday, citing people familiar with the matter.The Shenzhen-listed electronic components maker is awaiting clearance from the China Securities Regulatory Commission, the report said.The offering is expected to proceed soon after approval, potentially by late June, the report added.Three-Circle and the deal's sole sponsor, China Galaxy International, did not respond to comment requests from the news agency.(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.)

SHE:300408

Asia103d ago

Tata Technologies' Fiscal Q4 Consolidated Profit Rises

Tata Technologies' (NSE:TATATECH, BOM:544028) consolidated attributable profit rose to 2.04 billion Indian rupees in the fiscal fourth quarter from 1.89 billion rupees a year ago.Earnings per share came in at 5.03 rupees, up from 4.65 rupees a year earlier, the IT services provider said in a filing to the Indian stock exchanges on Monday.The EPS was higher than the 4.28 rupees consensus estimate of analysts polled by Visible Alpha.Revenue from operations in fiscal Q4 increased to 15.7 billion rupees from 12.9 billion rupees.The board recommended a final dividend of 8.35 rupees and a one-time special dividend of 3.35 rupees, totaling 11.70 rupees per equity share, for the year ended March 31.

BOM:544028NSE:TATATECH

Asia103d ago

OCBC to Acquire HSBC's Retail, Wealth Management Business in Indonesia

Overseas-Chinese Banking Corp. or OCBC (SGX:O39) agreed to acquire the retail and wealth management business of HSBC's (HKG:0005) Indonesian arm, according to a press release on Monday.The deal involves the transfer of HSBC's International Wealth and Premier Banking (IWPB) portfolio to OCBC's local subsidiary, PT Bank OCBC NISP Tbk.OCBC will take on approximately 336,000 customers. The acquisition also adds SG$6.6 billion in assets under management (AUM), expected to grow OCBC Indonesia's total AUM by 25%Credit card balances are projected to surge by more than 150%, and roughly 1,300 HSBC Indonesia employees will join the OCBC team.OCBC will pay a premium of up to SG$480 million above the net asset value of the IWPB portfolio.

HKG:0005SGX:O39

Asia103d ago

Sang Hing Places Machinery Orders

Sang Hing Holdings (International) (HKG:1472) said it placed orders for additional machinery with Epiroc Hong Kong and South Wing Machinery, according to a Hong Kong bourse filing Monday.The civil engineering services firm's shares gained 1% in morning trade Tuesday.The firm will acquire a surface drill rig from Epiroc for HK$2.2 million and two hydraulic excavators from South Wing Machinery for HK$7.1 million.The machinery will be used for the company's projects.

HKG:1472

Asia103d ago

Nine Entertainment Reports Low Single-Digit Total TV Revenue Growth in Fiscal Q3, Softer Start to Fiscal Q4

Nine Entertainment (ASX:NEC) said total TV revenue for the fiscal third quarter recorded growth in the low single digits compared with the third quarter of fiscal year 2025, according to a Tuesday Australian bourse filing.The company said that the fiscal fourth quarter has started on a softer note, reflecting short-term overall market conditions and the cycling of the Federal election, which boosted April.Nine now expects total television costs in fiscal year to be down in the mid-to-high single digits compared with the fiscal year 2025 on a continuing business basis, integrating high-margin revenue from QMS, the filing added.At Stan, Nine expects the positive momentum of the fiscal first half to continue, with further strong earnings before interest, taxes, depreciation, and amortization (EBITDA) growth projected in the second half, while Nine Publishing recorded fiscal Q3 digital subscription revenue growth of 15%, with positive momentum continuing into the fiscal Q4, the filing added.The company's shares rose 1% in recent Tuesday trade.

ASX:NEC

Asia103d ago

Easy Smart Group's Controlling Shareholder Sells Shares

Easy Smart Group (HKG:2442) said its controlling shareholder Ever Genius International Group sold shares representing 9.27% of the business, according to a Hong Kong bourse filing Monday.The fire protection works company's shares fell nearly 3% in morning trade Tuesday.Ever Genius sold 37.8 million shares under a placing priced at HK$19.61 apiece to new investors.Following the sale, Ever Genius holds 268.2 million shares representing 65.73% of the business.

HKG:2442

Asia103d ago

Swang Chai Chuan to Form JV For Production Facility in Australia

Swang Chai Chuan (HKG:2321) agreed to form a joint venture with Holista Colltech to fund and develop an ovine nano-collagen production facility in Australia, according to a Hong Kong bourse filing on Tuesday.Swang Chai will invest 5 million yuan for a 50% stake in the Ovicoll Pty Ltd joint venture.Holista Colltech will be responsible for the day-to-day management of the JV and has agreed to pay 3% per year on Swang Chai's initial investment for two years.Holista Colltech also has an option to increase its ownership of the joint venture from 50% to 75%.Ovine nano-collagen products have applications in nutraceutical, food, cosmetic and biomedical sectors.Swang Chai Chuan shares fell over 5% in pre-market trade Tuesday.

HKG:2321

Asia103d ago

Market Chatter: South Korean-Operated Ship in Hormuz Suffers Fire; Trump Says Iranian Attack Caused It

A South Korean vessel operated by shipper HMM (KRX:011200) caught fire on Monday in the Strait of Hormuz, which U.S. President Donald Trump said was due to an Iranian attack, Nikkei Asia said in a same-day report.Trump said Iran fired at the South Korean cargo ship and other targets as the U.S. carried out Project Freedom, an operation to keep the Strait of Hormuz open to shipping, and urged Seoul to join the mission, according to the report.A fire later broke out in the engine room of the Panama-flagged vessel, which had 24 crew members on board, including six South Koreans, the report said.HMM said that the cause of the fire remains unclear, it 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.)

KRX:011200

Asia103d ago

Pexa Group Falls Even as Australia Property Transaction Volumes Grow in Fiscal Q3

Pexa Group (ASX:PXA) shares fell nearly 3% in recent trading on Tuesday even after the company said in a filing late on Monday that its property transaction volumes in Australia grew 7.3% year over year to 935,000 in the fiscal third quarter from 871,000 in the year-ago period.During the quarter ended March 31, transfer volumes grew 7.1% on the prior corresponding period to 588,000 from 549,000. Refinance volumes rose 7.9% versus the prior-year period to 218,000 from 202,000, with growth moderating from about 14% in the first fiscal half.The company reaffirmed its fiscal 2026 forecasts, with group core net profit after tax anticipated at the top end of its guidance. It expects group revenue of AU$395 million to AU$415 million and group core net profit after tax from continuing operations of AU$15 million to AU$25 million.

ASX:PXA

Asia103d ago

NZX Midday Sector Update: Electronic Technology Advances, Technology Services Decline

Electronic technology shares gained the most on New Zealand's Exchange, rising nearly 3% by midday Tuesday.Shares of ikeGPS Group (NZE:IKE, ASX:IKE) rose almost 7% in recent trade.On the flip side, the technology services sector struggled, shedding more than 14%.Shares of Gentrack Group (NZE:GTK, ASX:GTK) fell past 30% in recent trade.The company on Tuesday said it now expects fiscal year 2026 revenue of between NZ$229 million and NZ$238 million, lower than its previous guidance.

^NZ50ASX:GTKASX:IKENZE:GTKNZE:IKE

Asia103d ago

Jindal Stainless's Consolidated Profit Rises in Fiscal Q4

Jindal Stainless's (NSE:JSL, BOM:532508) consolidated attributable profit rose to 8.44 billion Indian rupees in the fiscal fourth quarter ended March 31, from 5.91 billion rupees a year ago.Earnings per share rose to 10.22 rupees from 7.17 rupees a year earlier, the stainless manufacturer said in a filing to the Indian stock exchanges on Monday. The figure exceeded analysts' 9.69 rupees estimate in a Visible Alpha survey.Revenue from operations in fiscal Q4 also increased to 113.4 billion rupees from 102.0 billion rupees a year ago.The company's board recommended a final dividend of 3 rupees per equity share of the face value of 2 rupees each for the financial year ended March 31.

BOM:532508NSE:JSL

Asia103d ago

Telix Pharmaceuticals' Investigational Imaging Agent May Potentially Diagnose a Range of Kidney Cancers

Telix Pharmaceuticals' (ASX:TLX) investigational imaging agent TLX250-Px has the potential to help diagnose kidney cancers beyond just clear cell renal cell carcinoma, or ccRCC, the company said Tuesday, citing an independent analysis published in the European Urology scientific journal.The analysis of phase three trial data showed that positive PET scan findings were "highly predictive" of malignancy overall, including in non-clear cell renal cell carcinoma, with a reported positive predictive value of 98%, the company said."Essentially all false-positives for ccRCC in the ZIRCON study have now been shown to be other malignant kidney cancer subtypes, reducing the risk of overtreatment and further supporting clinical adoption," said Telix Group Chief Medical Officer David Cade.

ASX:TLX

Asia103d ago

Huajin International Chairman, CEO Face Consumption Restriction Order

Huajin International (HKG:2738) said its chairman and chief executive were subject to a consumption restriction order due to the alleged nonpayment of amounts owed, according to a Hong Kong bourse filing Tuesday.The company's chairman Xu Songqing and chief executive Chen Chunniu have been subject to the consumption restriction order, effective Nov. 25.The case stems from the alleged non-payment of 130 million yuan by two of the company's units Jiangmen Huamu Metals and Jiangmen Huajin Metal Product, under a finance lease arrangement. As of April 30, 16.4 million yuan was still owed to the creditors.Both Xu and Chen have been negotiating with creditors to resolve the matter and the company expects to reach a settlement by the end of August.

HKG:2738

Asia103d ago

Tata Chemicals' Consolidated Loss Widens in Fiscal Q4

Tata Chemicals' (NSE:TATACHEM, BOM:500770) consolidated attributable loss widened to 21.3 billion Indian rupees in the fiscal fourth quarter ended March 31, from a loss of 1.56 billion rupees a year ago.Loss per share grew to 83.68 rupees compared with a loss per share of 2.19 rupees a year earlier, the chemicals manufacturer said in a filing to the Indian bourses on Monday.Revenue from operations in fiscal Q4 declined to 34.4 billion rupees from 35.1 billion rupees a year ago. This was lower than the 34.8 billion rupees estimated by analysts polled by Visible Alpha.The company's board recommended a dividend of 11 rupees per share for the financial year ended March 31.

BOM:500770NSE:TATACHEM

Asia103d ago

Vicinity Centres Reports Total Portfolio Retail Sales Growth in Fiscal Q3

Vicinity Centres (ASX:VCX) said that its total portfolio retail sales grew 3.4% in the fiscal third quarter, supported by mini-major growth of 3.7%, according to a Tuesday Australian bourse filing.The company reported total portfolio retail sales growth of 2.4% in the prior corresponding period, an earlier filing showed.On the back of resilient retailer demand, occupancy remained strong at nearly 100%, with leasing spreads at 5.1% and low holdovers of 3.1%.Specialty sales productivity increased to around AU$13,500 per square meter.The company reaffirmed its fiscal 2026 guidance, with funds from operations and adjusted funds from operations per security expected to be around the top end of the ranges of AU$0.15 to AU$0.152 and AU$0.128 to AU$0.13, respectively.

ASX:VCX

Asia103d ago

Genesis Minerals Says Group Mineral Reserves Increased 29%, Group Ore Reserves Grew 19%

Genesis Minerals (ASX:GMD) said its group mineral resources came in at 280 million tonnes at 2.1 grams-per-tonne grade of gold for 18.9 million ounces, while its group ore reserves came in at 72 million tonnes at 1.9 g/t grade of gold for 4.4 million ounces as of Dec. 31, 2025, an increase of 29% and 19%, respectively, according to a Tuesday Australian bourse filing.The ore reserves were estimated using an assumed gold price of AU$2,800 per ounce compared with the current spot price of around AU$6,400 per ounce.It reported a mineral resources estimate of 31 million tonnes at 4.8 g/t grade of gold for 4.8 million ounces and an ore reserves estimate of 7.2 million tonnes at 5 g/t grade of gold for 1.2 million ounces for the Gwalia gold mine in Western Australia.Its updated mineral resources estimate for the Ulysses gold project clocked in at 5.9 million tonnes at 3.8 g/t grade of gold for 720,000 ounces, and the underground ore reserve estimate was 2.8 million tonnes at 3.4 g/t grade of gold for 310,000 ounces.Its shares fell 1% in recent trading on Tuesday.

ASX:GMD

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