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KWG Group's Winding-Up Hearing Further Adjourned by Hong Kong Court

KWG Group's (HKG:1813) hearing of a winding-up petition was further adjourned to Dec. 14 by the Hong Kong High Court, according to a Monday Hong Kong bourse filing.The property developer is facing a petition in relation to the repayment of 642 million yuan in debt plus 136.2 million yuan in interest to Shandong Sunlight Xin Tiandi Micro-finance.

HKG:1813

Asia9d ago

Regina Miracle Forecasts At Least 45% Boost in Full-Year Profit

Regina Miracle International (HKG:2199) expects a year-over-year rise of 45% or more in attributable profit for the year ended March 31, according to a Monday Hong Kong bourse filing.The intimate products company attributed the forecast to a significantly higher share of profit from a JV company with Victoria's Secret & Co., lower finance costs, and more streamlined operations.

HKG:2199

Asia9d ago

Hing Yip Unit to Buy to Lease Back Heat Supply Equipment

Hing Yip (HKG:0132) unit Canton Greengold Financial Leasing will buy to lease back certain assets from Linxi Hengtai Heating for 40 million yuan, according to a Monday Hong Kong bourse filing.The assets, comprising certain designated heat supply equipment and facilities, will then be leased back to the lessee for five years for a total lease payment of 48.5 million yuan.

HKG:0132

Asia9d ago

China Medical System Gets China Nod for Rabies Drug Application

China Medical System (HKG:0867, SGX:8A8) obtained approval for the new drug application of Silevimig Injection from China's National Medical Products Administration, according to a Monday Hong Kong bourse filing.The product is indicated for passive immunization in adults following rabies virus exposure.

HKG:0867SGX:8A8

Asia9d ago

Xinhua Pharmaceutical Gets Trial Nod for Postoperative Pain Drug in China

Shandong Xinhua Pharmaceutical (SHE:000756, HKG:0719) obtained approval for a clinical trial of its LXH-2103 injection from China's National Medical Products Administration, according to a Monday Hong Kong bourse filing.The LXH-2103 injection was developed by the company to treat moderate to severe postoperative pain.

HKG:0719SHE:000756

Asia9d ago

Huaibei GreenGold Industry Eyes Cooperation on Marble Mine Project

Huaibei GreenGold Industry Investment (HKG:2450) is in preliminary talks with Henan Yuxin Mining Technology for cooperation on a marble mine project in Henan Province, China, according to a Monday Hong Kong bourse filing.A letter of intent for cooperation was signed with Henan Yuxin Mining Technology, which acquired the mining rights for the mine in March 2025 at a starting price of 133.3 million yuan.The mining license for an area of nearly 2.2 square kilometers and a production scale of 1.2 million tonnes per year is valid for 24.1 years.The mine has designed-for-utilization marble resource reserves of nearly 27.2 million tonnes, recoverable reserves of a little over 25.8 million tonnes, and an estimated 14.6 million tonnes of construction stone for comprehensive utilization.

HKG:2450

Asia9d ago

Renova Sees Decline in Solar Power, Biomass Electricity Sales in May

Renova (TYO:9519) said its large solar PV electricity sales slipped 1.6% from a year earlier, with output reaching nearly 36 million kilowatt-hours.Electricity sales from biomass reached 221.7 million kilowatt-hours, down 7.4% from a year ago, according to a Monday filing on the Tokyo Stock Exchange.Power sales from small-scale distributed solar PV reached 11.3 million kilowatt-hours during the month under review.

TYO:9519

Asia9d ago

ExaWizards Sets Up Regional Subsidiary

ExaWizards (TYO:4259) decided to establish a new subsidiary in Kyushu, Japan, with 300 million yen capital, to tackle regional labor shortages via localized AI services.ExaForward Kyushu will serve as an R&D and talent development hub for western Japan, according to a Tokyo bourse filing on Monday.The technology expects the subsidiary to be established in August and begin operations in November.

TYO:4259

Asia9d ago

Far East Hotels Forecasts Narrower Full-Year Loss

Far East Hotels and Entertainment (HKG:0037) expects a net loss of HK$7 million for the year ended March 31, narrower than HK$35 million a year prior, according to a Monday Hong Kong bourse filing.The hotel operator attributed the forecast to a higher gross profit, a narrower fair value loss recognized on its investment properties, and the reversal of provisions for discontinued operations.

HKG:0037

Asia9d ago

Changjiu Names CFO

Investment firm Changjiu (HKG:6959) appointed Shi Yuan as the vice president and chief financial officer of the company, effective June 22, according to a same-day filing on the Hong Kong Exchange.

HKG:6959

Asia9d ago

Update: Tencent's WeChat Pilots AI Agent in China

(Updates throughout to add confirmation from Tencent)Tencent (HKG:0700) is testing a new artificial intelligence agent for its WeChat messaging app in China, it said Monday.In response to a request for comment on a Bloomberg News story, a spokesperson on behalf of Tencent's global communication team toldthat its Weixin team is testing the new Xiaowei AI agent. It can be used to call Mini Programs and other apps, according to limited beta testing.Xiaowei uses the WeLM large language model, the report added.

HKG:0700

Asia9d ago

Yuk Wing Group Expects Narrower Full-Year Loss

Yuk Wing Group (HKG:1536) expects a net loss of up to HK$6 million for the year ended March 31, narrower than HK$12.2 million a year earlier, according to a Hong Kong bourse filing.The rock drilling tools manufacturer attributed the forecast to a reversal in expected credit loss provisions on trade receivables.

HKG:1536

Asia9d ago

Orchestra Raises 2026 Final Dividend Outlook

Orchestra (TYO:6533) raised its year-end dividend forecast for 2026 to 30 yen per share, up from the previous forecast of 13 yen.The revised dividend comprises a 25 yen ordinary dividend and a 5 yen commemorative dividend for the company's 10th listing anniversary, according to its Tokyo bourse filing on Monday.

TYO:6533

Asia9d ago

China Starch Warns of Loss in First Five Months of 2026

China Starch (HKG:3838) expects to report an attributable loss of about 4 million yuan for the five months ended May 31, compared with a profit of 137 million yuan a year earlier.The cornstarch manufacturer attributed the expected loss to higher shipping costs, weaker export competitiveness and soft demand in China's lysine market.

HKG:3838

Asia9d ago

Elecom to Merge Two Antenna Subsidiaries, Rename Surviving Entity

Electronics company Elecom (TYO:6750) decided to merge wholly owned subsidiaries DX Antenna and Nippon Antenna, effective Oct. 1.Surviving entity DX Antenna will change its trade name to Nippon DX Antenna following the absorption-type merger deal with nil consideration, according to a Tokyo bourse filing on Monday.The integration aims to consolidate management resources in Elecom's broadcasting reception business to improve operational efficiency.

TYO:6750

Asia9d ago

LIXIL Approves 40 Million Yen Share Issue for Director Compensation

LIXIL (TYO:5938) approved the issuance of 23,704 new shares worth about 40.0 million yen under its restricted stock compensation program.The shares will be issued at 1,688 yen each to eight directors, according to a company filing on Monday.

TYO:5938

Asia9d ago

Asset Chain Forecasts Narrower Fiscal-Year Loss

Asset Chain (HKG:0616) expects to narrow its net loss for the year ended March 31 to up to HK$80 million from a loss of HK$365.3 million a year prior, according to a Monday Hong Kong bourse filing.The property developer attributed the forecast to the reversal of write-down on properties held for development for sale, a rise in the net gain on changes in fair value of financial assets at fair value through profit or loss, and a narrower loss on the disposal of investment properties.Other factors contributing to the forecast included a narrower loss on the modification of terms of a convertible note and lower finance costs.

HKG:0616

Asia9d ago

Kiyo Bank to Merge Two Credit Card Units

The Kiyo Bank (TYO:8370) decided to merge its wholly owned credit card subsidiaries, Kiyo Card and Kiyo Card DC, through an absorption-type merger effective April 1, 2027, with Kiyo Card as the surviving entity.The consolidation aims to unify management resources, improve operational efficiency, and enhance service capabilities in the cashless payments sector, according to a Tokyo bourse filing on Monday.No consideration will be exchanged as both companies are fully owned by the bank, with the surviving company retaining its leadership and business structure post-merger.

TYO:8370

Asia9d ago

Easyknit International Forecasts Narrower Full-Year Loss

Easyknit International (HKG:1218) expects to narrow its net loss for the year ended March 31 to up to HK$440 million from HK$718 million a year prior.The property investment company attributed the forecast to a narrower loss from discontinued operations, according to a Monday Hong Kong bourse filing.

HKG:1218

Asia9d ago

Mixi to Acquire GREE Fund Investments and Stake in GREE LP Fund for a Total of 1.03 Billion Yen

Mixi (TYO:2121) has agreed to acquire all shares of GREE Fund Investments from GREE Holdings for 30 million yen, renaming it MIXI Capital Management, and to acquire a 996 million yen limited partnership interest in GREE LP Fund JP 2, which will be renamed MIXI LP Fund 1.The newly acquired subsidiary will become the general partner of the target fund, making the fund a subsidiary of MIXI and, given its capital commitment exceeding 10% of MIXI's capital, a specified subsidiary.The transaction, scheduled for completion on July 31, is aimed at strengthening MIXI Group's investment portfolio management framework, according to a Tokyo bourse filing on Monday.

TYO:2121

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