FINWIRES — Financial News

Updated 11m ago58,060 stories

HS Optimus Completes Acquisition of 30% Stake in Medicorp; Shares Surge 17%

HS Optimus (SGX:504) completed the acquisition of a 30% stake in Medicorp and issued 185.2 million shares to the seller, according to a Monday filing with the Singapore Exchange.Shares of the door manufacturer surged nearly 17% in Tuesday trading.The new shares are expected to be listed and quoted on or around July 22.Earlier, the company had agreed to acquire a 30% stake in Medicorp from Lee Rui Ren for SG$4.2 million.

SGX:504

Read full article →

Asia11m ago

IndiGo Signs MoU for Order of More Than 1,000 CFM LEAP Engines

InterGlobe Aviation's (BOM:539448, NSE:INDIGO) IndiGo signed a memorandum of understanding with CFM International for an order of more than 1,000 LEAP-1A engines to power 510 Airbus A320neo family aircraft, according to a Monday exchange filing.The agreement also includes CFM's support in establishing IndiGo's engine maintenance, repair and overhaul (MRO) facility, as well as a long-term material services agreement covering spare parts and fleet support.

BOM:539448NSE:INDIGO

Asia11m ago

Xiamen Tungsten Expects Revenue, Profit Growth in 2026; Shares Up 4%

Xiamen Tungsten (SHA:600549) expects its profit and revenue to rise this year compared to the previous year, according to a Shanghai bourse filing on Tuesday.The tungsten carbide manufacturer predicted that its net profit attributable to shareholders in the first half will soar 129% to 2.22 billion yuan.The company plans to distribute 30% of the attributable net profit as cash dividends. The interim and annual cash dividends in 2025 totaled 927 million yuan, representing 40.15% of the attributable profit during the year.The company also completed acquisitions of 69% of Jiujiang Dadi Mining Development and 70% of Yuanxing (Xiamen) Precision Tools during the same period. The company is also actively advancing the acquisition of a partial equity interest in Jiangxi Jutong Industrial.The company's shares jumped 4% during the afternoon trade.

SHA:600549

Asia12m ago

Huaqin Technology Chair Plans Share Buy; Shares Up 6%

Huaqin Technology (SHA:603296) chairman and actual controller Qiu Wensheng plans to purchase 10 million yuan worth of the company's H-shares on the Hong Kong Stock Exchange.The purchases, starting July 21, will be conducted through open-market transactions over six months, according to a Tuesday filing with the Shanghai bourse.Shares of the smart hardware products manufacturer rose 6% in recent trade.

SHA:603296

Asia15m ago

Chaozhou Three-Circle Forecasts Up to 65% Rise in H1 Profit

Chaozhou Three-Circle (HKG:6951, SHE:300408) expects attributable profit of 1.79 billion yuan to 2.04 billion yuan for the first half, up 45% to 65% from 1.24 billion yuan a year earlier, according to a Tuesday Hong Kong bourse filing.The electronic components manufacturer attributed the expected earnings growth to stronger demand for electronic components and optical communication products, higher prices, and sales of multilayer ceramic capacitors.

HKG:6951SHE:300408

Asia20m ago

New Zealand Shares Fall; Contact Energy Posts Higher Retail Electricity, Gas Sales in June

New Zealand shares ended lower on Tuesday as investors braced for a possible intensified US-Iran conflict after the Iran-aligned Houthis said they would impose a naval blockade on Saudi Arabia.The S&P/NZX 50 Index fell 0.29% or 40 points to close at 13,656.03.The Houthis, Yemen's Iran-backed militant group, announced a naval blockade of Saudi Arabia on Monday, a move that risks drawing Riyadh into the broader US-Iran conflict and adding further pressure on global energy markets and shipping lanes, according to a Monday Reuters report.New Zealand and the Philippines have established a comprehensive partnership, New Zealand Foreign Minister Winston Peters said on Tuesday, according to a Tuesday Reuters report.In domestic news, New Zealand's annual consumer inflation increased by 4.1% in the June quarter, up from a 3.1% increase in the 12 months to the March quarter, data from Stats NZ showed.Further, the signal on underlying inflation in New Zealand's June quarter consumer price index (CPI) data was mixed and isn't likely to budge the Reserve Bank of New Zealand (RBNZ) from its policy stance, with the trimmed mean and weighted median measures accelerating, but the ex-fuel and energy measure slowing, ANZ said in a note.In corporate news, Contact Energy (ASX:CEN, NZE:CEN) said retail mass-market electricity and gas sales increased year-on-year in June, alongside a rise in wholesale contracted electricity sales.AFT Pharmaceuticals' (ASX:AFP, NZE:AFT) Scomara topical cream intended for the treatment of facial angiofibromas in tuberous sclerosis received a tentative approval from the US Food and Drug Administration.

^NZ50ASX:AFPASX:CENNZE:AFTNZE:CEN

Asia21m ago

Victory Giant Technology Proposes 2026 Share Incentive Plan

Victory Giant Technology (HKG:2476, SHE:300476) proposed adopting a 2026 restricted A-share incentive scheme and a first-tranche A-share employee share ownership plan, according to a Monday Hong Kong bourse filing.The incentive scheme would grant up to 4.86 million restricted A shares, representing about 0.49% of the company's total share capital, to up to 1,545 employees at 155.94 yuan per share.The shares will be sourced from repurchased A shares and/or a private placement of new A shares.Separately, the employee share ownership plan would raise up to 700 million yuan to acquire up to 2.90 million A shares, or about 0.29% of the company's total share capital, through secondary market purchases.The plan would cover up to 564 employees and would not involve the issuance of new shares.Shares of the printed circuit board manufacturer were up 4% in Shanghai and 6% in Hong Kong on recent trade.

HKG:2476SHE:300476

Asia22m ago

Global Tek Fabrication Clarifies Media Report on AI Liquid Cooling Forecast

Global Tek Fabrication (TPE:4566) clarified a media report that said it had entered the AI liquid cooling supply chain, expected its business to improve month by month in the second half of the year and had set a five-year revenue target of NT$10 billion.The company said the report, published by the Economic Daily News, did not reflect information it had officially disclosed.Global Tek said investors should refer to information released on Taiwan's Market Observation Post System and reiterated that it has not issued any financial forecasts.

TPE:4566

Equities23m ago

BlueNord to Merge into Vår Energi; Eni to Retain Majority Stake in Vår Energi

BlueNord (BNOR.OL) agreed to merge into fellow Norway-listed oil and gas company Vår Energi (VAR.OL), according to a Tuesday release.Under the deal, BlueNord shareholders will receive 9.7153 newly issued Vår Energi shares and 76.83 Norwegian kroner in cash for each share held.Vår Energi shareholders will own 90.95% of the outstanding shares, while BlueNord shareholders will own 9.05% of the shares in Vår Energi upon completion of the deal. Eni (ENI.MI) is expected to remain the long-term strategic majority shareholder with 57.33% ownership.Subject to the approval by BlueNord shareholders and regulatory clearances, the transaction is expected to close by the end of 2026.

$BNOR.OL$ENI.MI$VAR.OL

Asia24m ago

Taokaenoi Food & Marketing Forms New Wholly-Owned Subsidiary in China

Snacks manufacturer Taokaenoi Food & Marketing (BKK:TKN) has incorporated a subsidiary named Taokaenoi (Shanghai) Food in China on June 24, according to a Monday filing to the Thai stock exchange.On June 22, the company had disclosed its intention to form a new subsidiary in China, in which it will hold 100% of the total shares.

BKK:TKN

Asia25m ago

Jiaxin International Launches HK$200 Million Share Buyback Program; Shares Jump 7%

Jiaxin International Resources Investment (HKG:3858) plans to spend up to HK$200 million on a share repurchase program, according to a Monday Hong Kong bourse filing.The program will run from July 1 to Dec. 31, with repurchases to be conducted through on-market transactions on the Hong Kong Stock Exchange.Shares of the company jumped over 7% in recent trade.

HKG:3858

Asia26m ago

Guiguan Electric Power Says No Material Information Drove 20% Stock Rally; Shares Down 4%

Guangxi Guiguan Electric Power (SHA:600236) said it found no material matters that could have caused its recent abnormal stock trading after its shares triggered an abnormal trading fluctuation for three consecutive trading days, according to a Tuesday filing with the Shanghai bourse.The company's closing share price between July 16 and July 20 posted a cumulative deviation of more than 20%.The company conducted an internal probe and found no material information, market rumors, or undisclosed information that could have triggered the unusual stock movement.Shares of the power producer dropped nearly 4% in Tuesday midday trade.

SHA:600236

Asia26m ago

Sinocera to Raise Zirconia Powder Prices; Shares Up 20%

Shandong Sinocera Functional Material (SHE:300285) decided to raise the selling prices of zirconia powder, effective July 27, according to a Shenzhen bourse filing on Monday.The Chinese advanced materials maker's shares surged 20% during Tuesday's midday trade.The price increase will be between 10% and 40%.

SHE:300285

Asia27m ago

Eastern Media International Gets Order to Suspend Operations at Wharf No. 71 of Kaohsiung Port

Eastern Media International Corp (TPE:2614) has received a suspension of work order from the Labor Inspection Office of the Labor Affairs Bureau of Kaohsiung City Government, Taiwan, following the July 15 incident which led to the death of an employee of the company while unloading grains on the vessel "SAPHIRA", according to a Monday filing to the Taiwan stock exchange.The company's shares were up over 1% in Tuesday's trade.The order is for the suspension of grain loading and unloading operations at Wharf No. 71 of Kaohsiung Port untilAug. 14, after which, upon completion of the improvements, the company may immediately apply for the resumption of work.The company's other operations at Wharf No. 72 of Kaohsiung Port, along with Wharf No. 1 and Wharf No. 3 of Taichung Port, are operating normally; therefore, there is no impact on its business operations.Eastern Media said it will claim compensation from the shipowner for any losses sustained as a result of this incident.

TPE:2614

Asia31m ago

Jefferies Adjusts Oberoi Realty's Price Target to INR1,970 from INR1,735, Keeps at Hold

Oberoi Realty (NSE:OBEROIRLTY, BOM:533273) has an average rating of overweight and mean price target of 2,027.59 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:533273NSE:OBEROIRLTY

Asia31m ago

Datang International Power Issues 2 Billion Yuan of Bonds

Datang International Power Generation (SHA:601991, HKG:0991) raised 2 billion yuan from issuing 270-day bonds with a coupon rate of 1.40%.Proceeds will be used to repay debt and supplement working capital, according to a Monday filing with the Shanghai bourse.Shares of the power company were down 1% in recent trade.

HKG:0991SHA:601991

Asia34m ago

Jefferies Adjusts Yunnan Botanee Bio-Technology's Price Target to 35 Yuan from 40 Yuan, Keeps at Hold

Yunnan Botanee Bio-Technology (SHE:300957) has an average rating of overweight and mean price target of 43.72 yuan, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

SHE:300957

Asia34m ago

Court Orders Roo Hsing to Pay $3.5 Million in Land Purchase Dispute

Taiwan Taipei District Court ordered Roo Hsing (TPE:4414) to pay $3.5 million, plus interest, in a first-instance ruling over a dispute involving the termination of a land purchase agreement with Mekong Resort Development Construction, according to a Monday Taiwan Exchange filing.The garment maker said the plaintiff had sought the return of payments made under the agreement and damages.Roo Hsing said it is consulting legal counsel on its next steps and will act to protect shareholders' interests.The company added it had previously recognized a $1.5 million provision related to the litigation and does not expect the ruling to have any additional material impact.

TPE:4414

Asia38m ago

Sunshine Lake Pharma Controlling Shareholder to Boost Ownership

Sunshine Lake Pharma's (HKG:6887) controlling shareholder plans to increase his stake by purchasing between HK$300 million and HK$600 million of the company's shares in the open market over the next six months, according to a Monday Hong Kong bourse filing.The company said Zhang Yushuai currently controls about 294 million shares, representing 51.11% of its issued shares, excluding treasury shares.

HKG:6887

Asia39m ago

China Modern Dairy's Shengmu Takeover Offer Becomes Unconditional

China Modern Dairy (HKG:1117) said its mandatory cash offer for China Shengmu Organic Milk (HKG:1432) has become unconditional after receiving enough shareholder acceptances, according to a Monday Hong Kong bourse filing.The offer follows China Modern Dairy's acquisition of a 1.28% stake in Shengmu for HK$37.5 million and its launch of a mandatory cash offer at HK$0.35 per share for the remaining shares it did not already own.The company said the acquisition would expand its specialty milk portfolio, including organic milk, and strengthen its position in China's raw milk market.China Modern Dairy said it received valid acceptances for about 3.37 billion China Shengmu shares, representing 40.2% of Shengmu's issued share capital.Together with its existing holdings, the company and parties acting in concert will own about 5.99 billion shares.

HKG:1117HKG:1432

Showing 1-20 of 58060

FINWIRES (Financial Wire) delivers fully licensed financial news to professionals worldwide. Our editorial wire covers equities, earnings, M&A, central banks, and macro events in four languages — English, Japanese, Simplified Chinese, and Traditional Chinese — refreshed every minute.

Every story carries publish time, source attribution, and related tickers. We do not run advertorial or paid placements; all content is sourced under formal licensing agreements with originating providers.

Financial News · Live Terminal

HS Optimus Completes Acquisition of 30% Stake in Medicorp; Shares Surge 17%

IndiGo Signs MoU for Order of More Than 1,000 CFM LEAP Engines

Xiamen Tungsten Expects Revenue, Profit Growth in 2026; Shares Up 4%

Huaqin Technology Chair Plans Share Buy; Shares Up 6%

Chaozhou Three-Circle Forecasts Up to 65% Rise in H1 Profit

New Zealand Shares Fall; Contact Energy Posts Higher Retail Electricity, Gas Sales in June

Victory Giant Technology Proposes 2026 Share Incentive Plan

Global Tek Fabrication Clarifies Media Report on AI Liquid Cooling Forecast

BlueNord to Merge into Vår Energi; Eni to Retain Majority Stake in Vår Energi

Taokaenoi Food & Marketing Forms New Wholly-Owned Subsidiary in China

Jiaxin International Launches HK$200 Million Share Buyback Program; Shares Jump 7%

Guiguan Electric Power Says No Material Information Drove 20% Stock Rally; Shares Down 4%

Sinocera to Raise Zirconia Powder Prices; Shares Up 20%

Eastern Media International Gets Order to Suspend Operations at Wharf No. 71 of Kaohsiung Port

Jefferies Adjusts Oberoi Realty's Price Target to INR1,970 from INR1,735, Keeps at Hold

Datang International Power Issues 2 Billion Yuan of Bonds

Jefferies Adjusts Yunnan Botanee Bio-Technology's Price Target to 35 Yuan from 40 Yuan, Keeps at Hold

Court Orders Roo Hsing to Pay $3.5 Million in Land Purchase Dispute

Sunshine Lake Pharma Controlling Shareholder to Boost Ownership

China Modern Dairy's Shengmu Takeover Offer Becomes Unconditional

HS Optimus Completes Acquisition of 30% Stake in Medicorp; Shares Surge 17%

IndiGo Signs MoU for Order of More Than 1,000 CFM LEAP Engines

Xiamen Tungsten Expects Revenue, Profit Growth in 2026; Shares Up 4%

Huaqin Technology Chair Plans Share Buy; Shares Up 6%

Chaozhou Three-Circle Forecasts Up to 65% Rise in H1 Profit

New Zealand Shares Fall; Contact Energy Posts Higher Retail Electricity, Gas Sales in June

Victory Giant Technology Proposes 2026 Share Incentive Plan

Global Tek Fabrication Clarifies Media Report on AI Liquid Cooling Forecast

BlueNord to Merge into Vår Energi; Eni to Retain Majority Stake in Vår Energi

Taokaenoi Food & Marketing Forms New Wholly-Owned Subsidiary in China

Jiaxin International Launches HK$200 Million Share Buyback Program; Shares Jump 7%

Guiguan Electric Power Says No Material Information Drove 20% Stock Rally; Shares Down 4%

Sinocera to Raise Zirconia Powder Prices; Shares Up 20%

Eastern Media International Gets Order to Suspend Operations at Wharf No. 71 of Kaohsiung Port

Jefferies Adjusts Oberoi Realty's Price Target to INR1,970 from INR1,735, Keeps at Hold

Datang International Power Issues 2 Billion Yuan of Bonds

Jefferies Adjusts Yunnan Botanee Bio-Technology's Price Target to 35 Yuan from 40 Yuan, Keeps at Hold

Court Orders Roo Hsing to Pay $3.5 Million in Land Purchase Dispute

Sunshine Lake Pharma Controlling Shareholder to Boost Ownership

China Modern Dairy's Shengmu Takeover Offer Becomes Unconditional