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Takashima Board Approves Treasury Share Disposal as Restricted Share-Based Remuneration

Takashima & Co. (TYO:8007) board approved the disposal of 63,630 treasury shares totaling 47.6 million yen under its restricted share-based remuneration plan.The shares were allocated to four directors, excluding audit and supervisory committee member directors, five audit and supervisory committee member directors, two managing executive officers, two senior executive officers, five executive officers, and 10 general managers, according to a Tuesday filing on the Tokyo Stock Exchange.The disposal is scheduled for July 22.

TYO:8007

Asia38d ago

Lopal Tech Raises Nearly HK$194 Million from Share Placement; Shares Slide 3%

Jiangsu Lopal Tech. Group (SHA:603906, HKG:2465) raised net proceeds of HK$193.7 million from the placing of 15 million shares, according to a Monday Hong Kong bourse filing.Shares of the automotive specialty chemicals seller were down nearly 3% in Tuesday afternoon trading.The shares, representing around 1.9% of its enlarged issued share capital, were placed to at least six investors at HK$13.09 apiece.

HKG:2465SHA:603906

Asia38d ago

China's New Foreign-Funded Enterprises Rise 5.3% in January-May

China posted a 5.3% year-over-year rise to 25,297 in newly established foreign-invested enterprises in the January-May period, state media Xinhua News reported Monday.Actual foreign direct investment (FDI) inflow declined 8.6% to 327.3 billion yuan, although May saw a 5.9% rebound.Manufacturing secured 87.0 billion yuan in FDI, while services attracted 234.2 billion yuan. High-tech industries posted an over 19% growth to 130.1 billion yuan.U.A.E., Malaysia, Switzerland and U.S. investment rose 286%, 109%, 49% and 17%, respectively,

Shanghai Composite^SZSE

Asia38d ago

Sakura Internet Board Approves Treasury Share Disposal Under Restricted Stock Compensation Plan

Sakura Internet (TYO:3778) board approved the disposal of 22,185 treasury shares totaling 70.8 million yen under its restricted stock compensation plan.The shares were allocated to three directors, excluding outside directors, and 11 executive officers, according to a Tuesday filing on the Tokyo Stock Exchange.The disposal is scheduled for July 8.

TYO:3778

Asia38d ago

Theta Edge Shelves Private Placement Plans

Theta Edge (KLSE:THETA) has decided to abort its proposed private placement of up to 23.6 million shares, representing about 20% of its existing issued share capital.The company said the decision was made after board deliberation, citing plans to explore alternative fundraising avenues that could potentially raise higher proceeds, according to a Tuesday Malaysian bourse filing.Theta Edge said it will continue evaluating other capital-raising options for its business needs.

KLSE:THETA

International38d ago

Switzerland's Quarterly Current Account Surplus Rises in Q1

Switzerland's current account surplus increased to 15.54 billion francs in the first quarter, from a downwardly revised 2.99 billion francs in the prior three-month period, the Swiss National Bank (SNBN.SW) said Tuesday.The current account surplus totaled 26.69 billion francs in the first quarter of 2025.

$SNBN.SW

Asia38d ago

China's Postal Sector Posts 4.3% Growth in Parcels in January-May

China's postal sector handled 89.9 billion parcels in the first five months of 2026, up 4.3% from last year, state media Xinhua News reported Monday.Express deliveries accounted for 82.9 billion parcels, rising 5.2% year over year.Intra-city deliveries fell 8.5% to 5.88 billion parcels, while inter-city deliveries rose 6.4% to 75.2 billion parcels.International express deliveries and parcels to Hong Kong, Macao and Taiwan rose 7.4% to 1.78 billion.

Shanghai Composite^SZSE

Oil & Energy38d ago

EMEA Oil Update: Brent Dips as US Issues Iranian Oil Sanctions Waiver

Brent crude futures extended decline for a second day on Tuesday after the US issued a 60-day sanctions waiver on Iranian oil easing supply concerns and hinting at the progress in peace talks between US and Iran.The Brent futures contract declined about 1.5% at $76.76 per barrel and hovered near early-March levels. Murban futures hit its lowest since Feb. 18 and was down 1.3% at $69.90/bbl.The US Department of Treasury's Office of Foreign Assets Control issued "General License X" on Monday, granting a 60-day waiver that permits the production, delivery, and sale of Iranian-origin crude, petroleum products, and petrochemicals through Aug. 21."Brent crude trades near $77.50 and is lower for a second day as US-Iran talks continue. Additional pressure followed the US decision to issue a 60-day sanctions waiver, allowing limited sales of Iranian crude and refined products," Saxo Bank analysts said."The move should facilitate the export of some of the estimated 30 million barrels that left Iranian ports last week," the analysts said.However, near-term price volatility hinges on the normalization of Persian Gulf upstream production and transit speeds through the Hormuz chokepoint, ING analysts noted.Wood Mackenzie forecasts a downward price trend over the next 18 months, projecting Brent to average $92 per barrel in 2026 and drop to $78 per barrel in 2027, contingent on transit via the Strait of Hormuz normalizing by August.

Asia38d ago

Pateo Connect Technology Raises HK$381.6 Million from Share Placement; Shares Plunge 17%

Pateo Connect Technology (Shanghai) (HKG:2889) completed the placing of nearly 2.3 million new Hong Kong-listed shares to raise net proceeds of HK$381.6 million, according to a Monday Hong Kong bourse filing.Shares of the smart cockpit domain controller provider were down over 17% in Tuesday afternoon trading.The shares, representing around 1.4% of the company's enlarged issued share capital, were placed to six investors at a net placing price of HK$168.91 apiece.The company will use proceeds for potential strategic acquisitions and investments, as well as for working capital and general corporate purposes.

HKG:2889

Commodities38d ago

Ovintiv Could Be on Track for Upward Revaluation Based on Strong Performance, RBC Says

The depth of North American oil and gas producer Ovintiv's (OVV) position Montney basin in Canada, its streamlined portfolio, robust balance sheet and strong shareholder returns can lead to a favorable re-valuation, RBC Capital Markets said in a research note on Monday.Ovintiv has little apparent appetite to add debt to its balance sheet, or to dedicate itself to large mergers and acquisitions, following the transformation of its portfolio. The company appears content with its acreage in Montney and the Permian basin.On the other hand, it looks poised to execute its "ground game" through small acquisitions in both basins here and there, RBC said.The company has also streamlined the structure of its overheads and is working on lowering transportation, processing and operating costs.Its potential inclusion in the S&P/TSX index has been a recurrent question for the company and if realized, it could open up the stock to a broader bid in Canada, RBC believes.Ovintiv is adhering to a 2026 mid-point capital spending plan of $2.3 billion or a production outlook of 620,000 to 645,000 boed, which includes 205,000-212,000 bbl/d of oil and condensate.RBC acknowledged the company's efforts to refine operations through the use of proprietary data, machine learning and stacked innovation.RBC reaffirmed its outperform rating on Ovintiv and its one-year price target of $70 per share.

$OVV

Oil & Energy38d ago

Murban Crude Futures Hits Lowest Since Feb. 18; Trades at $69.64/barrel

Asia38d ago

Shenzhen Kedali Industry to Delist Convertible Bonds Following Early Redemption

Shenzhen Kedali Industry's (SHE:002850) convertible bonds are set for delisting on Wednesday following early redemption, as the stock price was 130% higher than the conversion price from April 16 to May 28.The company's stock price closed at about 193.91 yuan per share for 15 out of 30 trading days, according to a Tuesday filing with the Shenzhen bourse.Upon redemption, only 63,336 outstanding convertible bonds remained, worth 6.4 million yuan.As of the close of trading, Kedali's total share capital rose by about 10.4 million shares.Shares fell 2% during the close of trading on Tuesday.

SHE:002850

International38d ago

Chinese Domestic Tourism Spending Increases 4% During Dragon Boat Festival

Domestic tourism spending increased 4% year over year to 44.46 billion yuan during the three-day Dragon Boat Festival, Xinhua News Agency Monday, citing the Ministry of Culture and Tourism.Trips within China rose 4.4% year over year to 124 million.

Shanghai Composite^SZSE

Asia38d ago

Japanese Shares Fall Sharply As Investors Expect Rate Hikes by US Fed

Japanese shares plunged on Tuesday, breaking their winning streak, amid the sell-off on Wall Street on Monday as investors reassessed the outlook for US interest rates.The benchmark Nikkei 225 closed lower by 2,565.58 points or 3.55% at 69,788.38 on Tuesday.News reports indicate that investor sentiment was dampened by growing expectations that the US Federal Reserve could remain hawkish and that there were chances of rate hikes later this year.As the yen continued to slip against the dollar, media reports said Japan's Finance Minister Satsuki Katayama held an online meeting with U.S. Treasury Secretary Scott Bessent on Monday to discuss global financial markets.Under economic data, the seasonally adjusted S&P Global Flash Japan PMI Composite Output Index rose to 52.5, compared with the previous month's 51.1 reading.The improvement was driven by a recovery in services activity, with the Services PMI growing to 51.8 in May from the neutral point of 50 in April, and an acceleration in manufacturing activity, with the manufacturing PMI jumping to 54.9 from 54.5.On the corporate side, Sato (TYO:6287) will acquire all voting shares of flexible packaging manufacturer Hiranoya Bussan to make it a wholly-owned subsidiary, effective June 15, at an undisclosed price, according to a Tokyo bourse filing on Tuesday.Also, Yamatane (TYO:9305) board on Tuesday approved the disposal of 183,119 treasury shares totaling 26.7 million yen under its restricted stock remuneration plan.

Nikkei 225TYO:6287TYO:9305

Asia38d ago

Kerjaya Prospek Unit Bags MYR488 Million Building Contract

Kerjaya Prospek Group (KLSE:KERJAYA) unit Kerjaya Prospek (M)secured a 488.4 million ringgit building contract from Persada Mentari for a development project in Penang, Malaysia.The contract covers two phases of works, including 46-storey serviced apartment blocks, parking facilities and related commercial and recreational spaces.Construction is set to begin on July 1, according to a Tuesday Malaysian bourse filing.The project is scheduled for completion within 42 months, and is expected to contribute positively to earnings for financial years 2026 to 2029.

KLSE:KERJAYA

Asia38d ago

Market Chatter: Fertilizer Prices Fall to Pre-War Levels on Weak Demand, China's Export Limits

Global urea prices dropped back to prewar levels in June, reversing a surge from $492.50 to $900 per metric ton following the closure of the Strait of Hormuz, Nikkei Asia reported on Tuesday.The decline in fertilizer prices stemmed from lower demand and China's export restrictions, with the Iran-US ceasefire possibly adding to downward price pressure, the report said.Upside price risk remains due to potential bottlenecks in the opening of the strait, the report cited Argus Media as saying.The International Fertilizer Association forecasts global exports to reach just above 200 million tons this year, the report said.The price floor will depend on Chinese policy and European production costs, with full market stabilization possibly taking up to a decade, the report cited analysts as saying.(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.)

ASX 200Hang SengNikkei 225Shanghai Composite^SZSE

Asia38d ago

Dear Life Acquires Land for New Office Development in Tokyo

Dear Life (TYO:3245) said it acquired a 360.94-square-meter land parcel in Chuo Ward to develop a new office building in Tokyo, Japan, according to a Tuesday filing on the Tokyo Stock Exchange.The Japan-based real estate company said the acquisition is funded through a combination of internal capital and borrowings, and it plans to construct an 11-floor office building at the Higashi-Nihombashi site.Dear Life expects the project to contribute to sales in the fiscal year ending Sept. 30, 2029.

TYO:3245

International38d ago

French Business Climate Improves in June

France's business climate indicator edged up to 94 in June from the revised 93.3 in May, according to data from the country's statistical agency Insee published Tuesday.The latest reading, which missed the market forecast of 95, moved closer to the index's long-term average of 100.For the manufacturing sector alone, the index came in at 100, against the prior reading of 102.3 and the consensus estimate of 101.

^SXXP

Asia38d ago

Kuang-Chi Tech's Unit Signs 612 Million Yuan Contracts With Three Customers

Kuang-Chi Technologies' (SHE:002625) unit, Shenzhen Kuang-Chi Advanced Technology, signed contracts amounting to 611.7 million yuan with three customers, according to a Shenzhen bourse filing on Tuesday.The contracts included the mass production of metamaterial aerospace structural products for two customers for 564.7 million yuan and a 47 million yuan deal to develop a new aerospace metamaterial product for another new customer.The metamaterial company is expected to deliver products and services worth 307.1 million yuan by Dec. 31 and 304.6 million yuan worth of products by May 31, 2027.

SHE:002625

Asia38d ago

Zhida Technology Eyes HK$205.8 Million from Share Placement; Shares Down 9%

Shanghai Zhida Technology Development (HKG:2650) is looking to raise net proceeds of HK$205.8 million from the placement of up to 19.1 million shares, according to a Tuesday Hong Kong bourse filing.The shares, which will be placed to at least six investors at HK$10.98 apiece, represent 6.01% of the electric-vehicle charging systems maker's enlarged issued share capital.The company will use proceeds for product R&D, expansion of application scenarios and channels, the development of overseas markets for its products, and general working capital.Shares of the company were down 9% in recent trade.

HKG:2650

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