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Atlas Arteria Says IFM Global's Takeover Offer Will Not Open Before May 11

Atlas Arteria (ASX:ALX) said an unsolicited takeover offer from IFM Global Infrastructure Fund will not open before May 11 at the earliest, and once it does, it will remain open for at least a month, according to a Friday filing with the Australian bourse.IFM owns about 35% of the issued shares of Atlas Arteria and has proposed to acquire the remaining interest at AU$4.75 per share in cash. The price may increase to AU$5.10 per share if IFM obtains at least a 45% interest before the offer closes.In a letter to its shareholders, Atlas Arteria warned that the proposal is subject to many conditions that might not be satisfied. It also cautioned that shareholders would receive the lower price if IFM's relevant interest threshold is not achieved prior to closing.Atlas Arteria has created an independent board committee to evaluate the proposal and will provide a recommendation to shareholders in due course, it said.

ASX:ALX

Asia106d ago

SJ Semiconductor Q1 Profit Up 52%

SJ Semiconductor (SHA:688820) posted first-quarter attributable net profit of 191.3 million yuan, up 52% from 126.3 million yuan the previous year.Earnings per share rose to 0.12 yuan from 0.08 yuan, according to a Thursday filing with the Shanghai bourse.The semiconductor wafer manufacturer's operating revenue climbed 13% year over year to 1.70 billion yuan from 1.50 billion yuan.

SHA:688820

Asia106d ago

Wuliangye Yibin Q1 Profit Up 83%

Wuliangye Yibin (SHE:000858) posted first-quarter attributable net profit of 8.06 billion yuan, up 83% from 4.42 billion yuan the previous year.Earnings per share climbed to 2.0772 yuan from 1.1378 yuan, according to a Thursday filing with the Shenzhen bourse.The distillery company's operating revenue rose 34% year over year to 22.8 billion yuan from 17.1 billion yuan.

SHE:000858

Asia106d ago

Kaiser Reef Doubles Throughput at Victoria Processing Plant With Shift Addition

Kaiser Reef's (ASX:KAU) Porcupine Flat processing plant at the Maldon gold project in Victoria moved to two shifts, the day and the night shift from Monday to Thursday, doubling plant throughput, according to a Friday Australian bourse filing."The change to two shifts at Maldon will significantly reduce our processing cost per tonne," Kaiser's Managing Director, Brad Valiukas, said.Its shares fell 2% in recent trading on Friday.

ASX:KAU

Asia106d ago

Wuliangye Yibin's 2025 Profit Falls 72%

Wuliangye Yibin (SHE:000858) posted 2025 attributable net profit of 8.95 billion yuan, down 72% from 31.9 billion yuan the previous year.Earnings per share fell to 2.3068 yuan from 8.2062 yuan, according to a Thursday filing with the Shenzhen bourse.The distillery company's operating revenue declined 55% year over year to 40.5 billion yuan from 89.2 billion yuan.

SHE:000858

Asia106d ago

China Satellite Communications' Q1 Profit Plunges 62%

China Satellite Communications' (SHA:601698) net profit attributable to shareholders in the first quarter plummeted 62% to 26.8 million yuan from 70.4 million yuan a year earlier.Earnings per share shrank to 0.0064 yuan from 0.0167 yuan, according to a Shanghai bourse filing on Thursday.The satellite operator's revenue rose 0.7% to 542.4 million yuan from 538.6 million yuan in the prior year.

SHA:601698

Asia106d ago

NOVONIX Closes Sale of Canadian Noncore Business to Former CEO, Shares Jump 6%

NOVONIX (ASX:NVX) finalized and closed the divestment of its NOVONIX Battery Technology Solutions business in Canada to its former Chief Executive Officer, Chris Burns, for a transaction price of $1, according to a Friday Australian bourse filing.NOVONIX Battery Technology Solutions will operate as two independent companies, Avrion Battery Labs and Dryve Battery Materials.NOVONIX will receive a 15% equity stake in the cathode business, which will operate under Dryve Battery Materials. It will also provide certain transition services and grant the buyer a trademark license through Dec. 31.Its shares jumped 6% in recent trading on Friday.

ASX:NVX

Asia106d ago

Tuopu Group's Q1 Profit Slips Even as Revenue Up 15%

Ningbo Tuopu Group's (SHA:601689) net profit attributable to shareholders for the first quarter slipped 2.4% to 551.8 billion yuan from 565.5 billion yuan a year earlier.Earnings per share slid to 0.32 yuan from 0.33 yuan, according to a Shanghai bourse filing on Thursday.The auto parts manufacturer's revenue rose 15% to 6.63 billion yuan from 5.77 billion yuan in the prior year.

SHA:601689

Asia106d ago

Tokyo Stocks Open Marginally Higher

Japanese equities opened marginally higher on Friday morning. The Nikkei 225 barely moved in positive territory to open at 59,379.12.Tokyo's core inflation unexpectedly slowed to its smallest gain in four years, with the CPI excluding fresh food rising 1.5% in April, below the Bank of Japan's target.The yen strengthened notably after authorities intervened in the foreign-exchange market just hours after issuing a "final" warning to bearish traders, Bloomberg News reported Friday.However, Nikkei Asia, citing an unnamed government official, reported that Japan had intervened by buying the yen and selling the dollar.

Nikkei 225

Asia106d ago

EQ Resources Abandons Tungsten Metals Group Acquisition After Review, Shares Fall 9%

EQ Resources (ASX:EQR) said it will not proceed with the proposed acquisition of Tungsten Metals Group and its subsidiaries after a review of strategic priorities, according to a Friday Australian bourse filing.EQ Resources' board determined that proceeding with the acquisition was not in the best interests of shareholders at this time, Managing Director Craig Bradshaw said.The firm plans to focus on increasing tungsten concentrate production from the Mt Carbine operation in Queensland and the Barruecopardo mine in Spain, as well as expanding its resource and reserve base through planned drilling programs.Its shares fell 9% in recent trading on Friday.

ASX:EQR

Asia106d ago

Cambricon's Profit Soars 185% in Q1, Revenue Jumps 160% on AI Boom

Cambricon Technologies (SHA:688256) reported a 185% jump in attributable net profit in the first quarter of 2026 to 1.01 billion yuan from 355.5 million yuan.Earnings per share nearly tripled to 2.38 yuan from 0.85 yuan, according to a Shanghai Stock Exchange filing on Thursday.The Chinese semiconductor company's revenue surged 160% to 2.88 billion yuan from 1.11 billion yuan a year prior, which it attributed to the continued surge in computing power demand from the artificial intelligence industry.

SHA:688256

Asia106d ago

Update: ANZ Group Holdings Posts Higher Fiscal H1 Cash Earnings, Operating Income

(Updates to add stock movement in the last paragraph)ANZ Group Holdings (ASX:ANZ, NZE:ANZ) reported Friday fiscal first-half cash earnings of AU$1.242 per share, up from AU$1.17 a year earlier.Analysts polled by FactSet expected earnings of AU$1.23.Operating income for the six months ended March 31 was AU$11.2 billion, compared with about AU$11 billion a year earlier. Analysts surveyed by FactSet expected AU$11.39 billion.The board declared an interim dividend of AU$0.83 per share, unchanged from the prior corresponding period, payable July 1 to shareholders on record as of May 12.The company's shares on the Australian and New Zealand bourses fell around 1% and 2%, respectively, in recent Friday trade.

ASX:ANZNZE:ANZ

Asia106d ago

Larvotto Resources Shares Up As New South Wales Antimony-Gold Project Plant Refurbishment Works Progress

Larvotto Resources' (ASX:LRV) shares rose 1% in recent trading on Friday after it said late on Thursday that plant refurbishment works at the Hillgrove antimony-gold project in New South Wales were advancing on schedule and on budget, with commissioning expected in the middle of the year.Equipment from the processing plant, including tanks, pumps, and hydraulic drives, was removed, disassembled, and dispatched for refurbishment to various service providers. Primary and secondary crusher refurbishment is nearing completion.Induced polarization surveys were completed at the project, with results used to generate new drill targets.

ASX:LRV

Asia106d ago

Kyushu Electric Power's Profit Jumps 20% in Fiscal Year 2025

Kyushu Electric Power's (TYO:9508) profit attributable to owners of the parent rose 20% to 154.54 billion yen for the fiscal year 2025 from 128.77 billion yen a year earlier.The power distribution company's basic earnings per share increased to 314.65 yen from 260.14 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales slipped 4.7% to 2.247 trillion yen for the year ended March 31 from 2.357 trillion yen in the prior year.The company declared a final dividend of 25 yen per share, payable from June 26.For the fiscal year 2026, the company expects attributable profit of 130 billion yen, basic EPS of 262.70 yen, and net sales of 2.3 trillion yen.Kyushu Electric Power plans to pay interim and year-end dividends of 25 yen per share each for the year.Kyushu Electric Power's shares gained more than 2% in early trade.

TYO:9508

Asia106d ago

Strike Energy Confirms Presence of New Conventional Gas Accumulation in Western Australia Prospect, Shares Jump 7%

Strike Energy (ASX:STX) drilled and evaluated the Walyering West-1 well in the Perth Basin in Western Australia to a total depth of 3,650 meters and confirmed the presence of a new conventional gas accumulation in the Walyering West prospect, according to a Friday Australian bourse filing.Mud logs, logging-while-drilling logs, and pressures were used to evaluate the conventional sandstone intervals in the Jurassic Cattamarra Coal Measures targeted by the well.The firm was unable to complete wireline fluid sampling due to wellbore conditions, which will now be conducted during flow testing. The drill rig is currently preparing to run seven-inch casing and cement in place.Its shares jumped 7% in recent trading on Friday.

ASX:STX

Asia106d ago

Kina Securities Names Taiwo Fowowe CFO

Kina Securities (ASX:KSL) named Taiwo Fowowe as chief financial officer, effective May 27 and subject to regulatory approval, according to a Friday filing with the Australian bourse.Fowowe will succeed Johnson Kalo, who served as CFO since 2022 and is now slated to become executive general manager of wealth management, per the filing.Fowowe most recently served as CFO of Africa's Access Bank.

ASX:KSL

Asia106d ago

Misumi's Net Income Rises 11% in Fiscal 2025

Misumi's (TYO:9962) net income attributable to owners increased nearly 11% to 40.5 billion yen for fiscal year 2025 from 36.5 billion yen a year earlier.The industrial mold manufacturer's net income per share rose to 149 yen from 131.62 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales grew 9.8% to 441.4 billion yen for the year ended March 31 from 402 billion yen in the prior year.It declared a final dividend of 34.96 yen per share, payable from June 24.For the fiscal year 2026, the company expects attributable net income of 37.4 billion yen, net income per share of 141.17 yen, and net sales of 491.5 billion yen.

TYO:9962

Asia106d ago

Charter Hall Social Infrastructure REIT Says Recent Market Rent Reviews Delivered 7% Rise in Income

Charter Hall Social Infrastructure REIT (ASX:CQE) said it has performed 33 early learning asset market rent reviews since the close of 2025 to deliver a more than 7% average increase in rental income, according to a Friday filing with the Australian bourse.Five early learning assets were contracted for divestment since Dec. 31, 2025, totaling AU$17.3 million at an average yield of 4.6%, achieving an average of 6.5% premium to book value, per the filing.Additionally, four assets totaling AU$21 million that were previously contracted for sale have now settled.Meanwhile, the company also received notice from G8 Education (ASX:GEM) of its plan to suspend operations at five early learning assets owned by Charter Hall. The five assets represent about 1% of Charter Hall's total income, and G8 has confirmed that it will fulfill all financial obligations under its current leases, the company said.

ASX:CQEASX:GEM

Asia106d ago

Toto's Profit Soars 231% in Fiscal Year Ended March

Toto's (TYO:5332) profit attributable to owners of the parent soared 231% to 40.26 billion yen for the fiscal year ended March 31 from 12.17 billion yen a year earlier.The toilet manufacturer's earnings per share increased to 242.91 yen from 71.68 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales rose 1.8% to 737.44 billion yen from 724.45 billion yen in the prior year.In a separate disclosure, Toto raised its final dividend to 60 yen per share, from the forecast of 50 yen, payable from June 4.For the fiscal year ending March 31, 2027, the company expects attributable profit of 46 billion yen, basic EPS of 279.78 yen, and net sales of 785 billion yen.Toto plans to pay interim and year-end dividends of 60 yen each for the year.

TYO:5332

Asia106d ago

Telix Says Marketing Authorization Application for Glioma Imaging Candidate Accepted for Review in Europe; Shares Up 3%

Telix Pharmaceuticals (ASX:TLX) said Friday its marketing authorization application filed in Europe for TLX101-Px, its glioma imaging candidate, has been validated and accepted for review, moving into a 210-day active assessment phase.In a statement, the company said it is seeking a broad clinical label, reflective of current clinical practice guidelines, with national marketing authorizations expected to follow shortly after a positive outcome at day 210.The company said it aims to expand patient access to advanced imaging that can distinguish progressive or recurrent glioma from treatment-related changes in both adults and children, with potential for additional future indications.TLX101-Px is also being developed as a patient selection and response assessment tool for Telix's glioblastoma therapy candidate TLX101-Tx, which has been granted orphan drug designation in Europe and the US, per the statement.The phase 3 IPAX-BrIGHT trial of TLX101-Tx in patients with recurrent glioblastoma has started patient dosing internationally and is launching in multiple European countries, the company said.Telix Pharmaceuticals' shares were up 3% in recent Friday trade.

ASX:TLX

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