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Dymatic Chemicals Injects 100 Million Yuan into Zhejiang Derong Chemical Subsidiary

Dymatic Chemicals (SHE:002054) will invest 100 million yuan into subsidiary Zhejiang Derong Chemical, with co-shareholder Zhejiang Petroleum & Chemical matching the amount.The move boosts the subsidiary's registered capital to 1.62 billion yuan from 1.42 billion yuan, maintaining the 50-50 ownership split, according to a Monday filing with the Shenzhen bourse.The cash injection aims to support Zhejiang Derong Chemical's business operations and daily working capital needs.Shares of Dymatic Chemicals closed 2% higher Monday.

SHE:002054

Asia39d ago

Sinyi Realty Unit OKs $15 Million Cash Capital Reduction

Sinyi Realty (TPE:9940) unit approved a cash capital reduction of $15 million as part of a group-level capital restructuring plan aimed at optimizing capital allocation.The reduction, carried out through Jiu Xin Estate (Wuxi) and upstream entities, will see funds remitted step-by-step back to the parent group for consolidated use, according to a Monday Taiwan Exchange filing.The capital cut represents about 10.2% of the subsidiary's share capital, with post-reduction capital estimated at $132 million.

TPE:9940

Asia39d ago

Henan Splendor Agrees to Invest 5 Million Yuan in Partnership Fund

Henan Splendor Science & Technology (SHE:002296) agreed to invest 5 million yuan into a partnership fund, according to a Shenzhen bourse filing on Monday.The partnership fund, Gongqingcheng Muhua No. 21 Venture Capital Partnership (Limited Partnership), aims to raise capital worth 53.7 million yuan and will have a total term of eight years, with a three-year investment period.The Chinese rail transit intelligent system operator will own 9.31% of the fund.

SHE:002296

Asia39d ago

Qinglong Pipes Industry Bags PCCP Bid for Nearly 557 Million Yuan

Qinglong Pipes Industry Group (SHE:002457) won the bid for the procurement of prestressed concrete cylinder pipes or PCCPs for the Longjiang River Valley Irrigation Project in Northwestern Guangxi, China, according to a Shenzhen bourse filing on Monday.The Chinese pipe manufacturer won the bid for 556.5 million yuan. The pipes will be delivered within 48 months.The company's shares rose 2% at the close.

SHE:002457

Asia39d ago

Market Chatter: Tencent's WeChat Pilots AI Agent in China

Tencent (HKG:0700) is piloting its new artificial intelligence agent for its WeChat messaging app in China, Bloomberg reported Monday.Xiaowei, the new AI agent, will be able to book food deliveries and rides, among other services, and uses the WeLM large language model, the report said.Tencent did not immediately respond to requests for comment from.(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.)

HKG:0700

Asia39d ago

Dymatic Chemicals Subsidiary Sells Properties in Peru for Nearly $8 Million

Dymatic Chemicals' (SHE:002054) second-level subsidiary Silvateam Peru will sell three plots of land and other facilities to Uvica for $7.5 million, according to a Monday filing with the Shenzhen bourse.Silvateam Peru is a subsidiary of the listed company's direct arm Silvateam ICA S.A.C.Following the transaction, the net profit is seen to rise by $953,000, the filing said.

SHE:002054

Asia39d ago

China Steel Books Pre-Tax Profit of NT$1.35 Billion in May

China Steel (TPE:2002) booked preliminary consolidated profit before income tax of about NT$1.35 billion for May, according to a Monday Taiwan Exchange filing.The company also posted consolidated operating revenue of roughly NT$30 billion for the month.The company did not disclose comparative figures and noted that the numbers are preliminary.

TPE:2002

Commodities39d ago

Malaysia to Lower Subsidised Diesel Price for Citizens from July

The Malaysian Finance Ministry will lower the price of subsidized diesel for Malaysian citizens to 2.10 Malaysian ringgit ($0.50) per litre effective July, it said on Sunday.The reduction aims to ensure a uniform diesel subsidy for Malaysian citizens across the country. Non-citizens and ineligible parties will however have to purchase diesel at unsubsidized prices, in part to tackle smuggling, according to a statement.In the Malaysian states of Sabah and Sarawak, diesel is sold at a subsidized retail price of 2.15 ringgit/litre at all outlets, while it is available at a non-subsidized retail price of 4.37 ringgit/litre in Peninsular Malaysia.The subsidy will ensure that non-citizens in Sabah and Sarawak will pay the aligned market price for diesel, while locals will pay a reduced price of 2.10 ringgit/litre, the statement said."In the context of the West Asian crisis which continues to put pressure on global oil supplies, this step is important to ensure that Government subsidies only reach Malaysians and reduce the leakage and smuggling of subsidized diesel," the statement added.Diesel subsidies will be provided to Malaysians through a verification system that uses MyKad, Malaysia's national identity card.Additional details on the subsidy will be provided by Second Finance Minister Amir Hamzah Azizan on Monday, the statement said.

Asia39d ago

Aavas Financiers Refutes Media Claims on Loan Misclassification, NHB Refinancing Concerns

Aavas Financiers (NSE:AAVAS, BOM:541988) strongly denied media reports alleging irregularities in loan classification and potential action by the National Housing Bank (NHB), according to a stock exchange filing on Monday.The company said reports suggesting certain loans were misclassified to obtain concessional refinancing from NHB, "are misleading, malicious, speculative and not an accurate characterisation of the Company's engagement with NHB". The company also dismissed claims that NHB could recall refinancing facilities linked to those loans.Aavas also rejected reports linking management changes to any purported withdrawal or reversal of NHB refinancing facilities.The clarification follows media reports that NHB was reviewing loans worth 4 billion rupees to 5 billion rupees that had received refinancing at concessional rates.Shares of Aavas were down nearly 1% in recent trade.

BOM:541988NSE:AAVAS

Equities39d ago

Palm-oil Producer AEP Plantations to Implement Share Split

AEP Plantations (AEP.L) proposed to implement a share split, subdividing each ordinary share of 0.25 pound sterling into 10 ordinary shares of 0.025 pound each.The palm-oil producer said Monday that the share split, due to take effect on Thursday when the new shares start trading on the London stock exchange's main market, is intended to improve the affordability of the shares to investors on a per-share basis.

$AEP.L

Oil & Energy39d ago

Australia Extends but Reduces Tax Relief on Gasoline

The Australian Department of the Prime Minister and Cabinet has confirmed a one-month extension to a tax cut on fuel sales, it said on Monday, but decreased it by half.Effective July 1 through Aug. 2, the federal government will cut fuel excise duty by 16 Australian dollar cents ($0.11) per litre on both gasoline and diesel, it said.The tax cut is now half of the initial 32 cents introduced after the start of the Middle East conflict that shuttered the key Strait of Hormuz for several months, almost completely shutting off the region's exports of crude oil and natural gas."Continued cuts will help to keep prices lower at the pump and limit flow on price increases for groceries and other goods," the department said.The Australian Competition and Consumer Commission will step up oversight to prevent manipulation of retail margins, the department said.

Asia39d ago

China Unveils Action Plan for Foreign Investments

China released its action plan to boost and stabilize foreign investments, the Commerce Ministry said in a statement Monday.The plan, signed by the commerce and finance ministries, as well as the National Development and Reform Commission, highlights market access expansion, facilitating and supporting foreign investment, and beefing up investment promotion, among others.The directive also seeks to promote the "Invest China" initiative, the ministry said.

Shanghai Composite^SZSE

Asia39d ago

Hong Kong Stocks Decline on Renewed U.S.-China Friction; Shenzhen HQVT Technology Shines on Debut

Hong Kong stocks fell on Monday as investors reacted to unchanged Chinese lending rates and renewed U.S.-China tensions after Beijing imposed export controls on several American entities.The Hang Seng Index fell 0.7%, or 156.29 points, to close at 23,768.52, while the Hang Seng China Enterprises Index dropped 0.8%, or 61.30 points, to finish at 7,914.74.The People's Bank of China kept the one-year loan prime rate, the benchmark for most corporate and household loans, at 3.00%, while the five-year rate, a reference for mortgage lending, remained at 3.50%.Meanwhile, China's Commerce Ministry added 10 U.S. entities to its export control list, immediately banning exports of dual-use items to those companies. The ministry said the measures were taken to safeguard national security and interests, describing them as a response to what it called the U.S. government's "malicious practices."The move followed Washington's recent decision to add several Chinese companies to a military-related entity list.In corporate news, Shenzhen HQVT Technology (HKG:1392) made its Hong Kong debut, closing nearly 271% higher at HK$26.70, compared with its offer price of HK$7.20.Insilico Medicine (HKG:3696) closed over 4% higher after entering a neuroimmune drug discovery collaboration with SK Biopharmaceuticals (KRX:326030), with the deal carrying a potential value of more than $2.5 billion.

Hang SengHKG:1392HKG:3696

Asia39d ago

Xingye Leather Technology Pivots to Compound Semiconductors in 55-Million-Yuan Deal

Xingye Leather Technology (SHE:002674) signed a framework agreement to acquire Qingdao Lion's indium phosphide substrate business for 55 million yuan in cash, according to a Monday filing with the Shenzhen bourse.The move marks the leather company's strategic pivot into compound semiconductors.Shares of Xingye Leather Technology closed 10% higher Monday.

SHE:002674

Asia39d ago

Malaysia's Debt Capital Market to Reach $640 Billion by 2026, Fitch Says

Malaysia's debt capital market will hit $640 billion outstanding by 2026, Fitch Ratings said in a recent release.Market activity will gain from modest expansion in increased non-sovereign borrowing, a robust domestic market, a stronger ringgit, further innovation, and digital linkages, Fitch said.The Iran war has narrow direct effects on the country's debt capital market given the large share of domestic issuers and investors, according to Fitch.Meanwhile, foreign investor interest has remained even with global uncertainties, Fitch's global head of Islamic finance Bashar Al Natoor said.Malaysia will continue to be one of the largest global sukuk markets and a major debt capital market in Southeast Asia, the analyst said.The country's debt capital market rose above $610 billion outstanding for the first five months of 2026, rising 6.5% year over year, with sukuk having a 60% share, Fitch said.

FTSE Bursa Malaysia KLCI

Asia39d ago

Guizhou Bailing's Three Products Chosen for China's Centralized Procurement for Traditional Medicine

Guizhou Bailing Group Pharmaceutical (SHE:002424) said three of its products were selected for China's centralized procurement of traditional Chinese medicine, according to a Shenzhen bourse filing on Monday.The products chosen were Yindan Xinnaotong Soft Capsules, Hugan Tablets, and Qiangli Pipa Syrup.The Chinese pharmaceutical company's shares jumped 5% at the close.

SHE:002424

US Markets39d ago

EasyJet Rejects Castlelake's Third Proposal, Calls Out Suitor for 'Highly Opportunistic' Advances

EasyJet (EZJ.L) confirmed Monday that it rejected Castlelake's third indicative and conditional takeover proposal, while putting its suitor on blast over what it called a "highly opportunistic" attempt to buy the company "on the cheap."In its latest proposal, Castlelake offered the British budget airline's shareholders 6.25 pounds sterling in cash per share and an option to receive a portion of the consideration in unlisted, non-transferrable, and non-voting shares in a vehicle that would own the company. The latest indicative bid marked an increase from the offeror's previous proposals of 5.60 pounds per share and 6 pounds per share.The airline said it received the latest proposal on June 20 and rejected it a day after, arguing that it is not in the best interest of its shareholders. It highlighted that the offer fundamentally undervalued the company and its prospects, and was lodged at a time when its shares were trading low due to factors including the conflict in the Middle East.The target's board aired "considerable reservations" regarding the leverage and conditionality of the proposal. It also expressed concerns on the plan for easyJet to be placed in a new entity that will be owned 49% by Castlelake and 51% by investors in the European Union, and "potentially other investors which have not been disclosed." The airline deemed the ownership structure "opaque" and does not give confidence in the deliverability of the proposal.In light of the third rejection, Castlelake publicized its latest offer, citing the target's "unwillingness to engage meaningfully." The alternative investment manager said making the offer public will give easyJet shareholders the chance to consider the merits of the proposal ahead of the June 26 "put-up or shut-up" deadline on its negotiations with the airline.Castlelake argued that its latest offer substantially de-risks its target's business plan and also highlighted the participation of EU national individual investors, former easyJet Chief Operating Officer Peter Bellew and Oneiros Aerospace Chief Executive Officer Mark Breen, as among the merits of the proposal. The offeror also expressed confidence that its proposal presents "a clear, deliverable solution to ensure compliance with all applicable regulatory requirements."Shares in easyJet rose more than 3% in early trading.

$EZJ.L

Commodities39d ago

Market Chatter: Traffic Moves Through Strait of Hormuz Despite Iran's Closure Announcement

The number of oil-laden vessels transiting through the long-shuttered Strait of Hormuz has increased as the US and Iran begin peace negotiations, with the US Central Command noting 55 vessels carrying 17 million sailing out on Saturday, Bloomberg reported.Iranian cargo was moving again after the US lifted a blockade of its ports, with volumes at their highest since the start of the conflict, the article said. Iran said it had shut the Hormuz Strait again on Saturday, but traffic still looked to be moving.The article said about 6 million barrels of Iranian oil apparently loaded at Iran's Kharg Island terminal is now bound for Singapore on sanctioned vessels, according to their broadcasts, with China likely the final destination, the report said.Bloomberg said some vessels had switched off transponders to make the crossing, the latest of which was a Greek-flagged tanker bringing Iraqi crude to Singapore. Four empty tankers linked to Qatar and designed for liquefied natural gas also crossed into the Persian Gulf on Monday, which would be the most since the Feb. 28 start of the Iran war, the article said.has requested comment on the status of the strait from the Iranian Oil ,Gas and Petrochemical Products Exporters' Union.(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.)

Insider Trading39d ago

Navan Insider Sold Shares Worth $9,098,184, According to a Recent SEC Filing

Arif Janmohamed, Director, on June 16, 2026, sold 475,869 shares in Navan (NAVN) for $9,098,184. Following the Form 4 filing with the SEC, Janmohamed has control over a total of 2,909,663 Class A common shares of the company, with 2,909,663 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1639723/000181393826000007/xslF345X05/form4-06182026_100604.xml

$NAVN

Asia39d ago

China's Residential Property Market to Remain Weak for Rest of 2026, Fitch Says

Fitch Ratings expects lingering weakness in China's residential property market for the remainder of 2026, with new home sales forecast to decline by 11% to 13%, according to a recent release.The new forecast is down from the previous estimate of a 7% to 8% annual drop.The more moderate expectation stems from further policy easing, less contagion risk from developers' defaults, and a more sustainable level of sales volume, Fitch said.However, new residential home sales declined 14.1% in the first five months of the year, indicating a rebound that is fragile instead of self-sustaining, Fitch said.Weaker results in lower-tier cities offset continued easing in tier-one cities, reflecting dependence on a small group of stronger markets for national sales, the rating agency said.

Shanghai Composite^SZSE

Showing 20661-20680 of 64817

US Markets39d ago

EasyJet Rejects Castlelake's Third Proposal, Calls Out Suitor for 'Highly Opportunistic' Advances

$EZJ.L