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Tianshan Aluminum's Two Shareholders Scrap Stake Reduction Plan

Two of Tianshan Aluminum's (SHE:002532) shareholders decided to cancel their plans to offload part of their stake, retaining their current shareholdings, according to a Shenzhen bourse filing on Wednesday.Zeng Chaoyi and Zeng Chaolin, who hold 8.08% and 6.08% of the company's total shares, respectively, both previously planned to divest 1% each.

SHE:002532

Asia42d ago

Gold Mining Firms' Shares Follow Precious Metal Higher on Strait of Hormuz Reopening Hopes

Shares of Pantoro Gold (ASX:PNR) advanced 7% in recent trade, while those of Genesis Minerals (ASX:GMD) climbed nearly 5% as the price of gold rose to trade around $4,340 per ounce, after US President Donald Trump said the Strait of Hormuz could reopen on Friday.Shares of Newmont (ASX:NEM) rose 2%.

ASX:GMDASX:NEMASX:PNR

Asia42d ago

Shanjin International Gold Announces Chair, Vice Chair Resignations

Shanjin International Gold (SHE:000975) said Liu Qin and Wang Renjian resigned as chair and vice chair, respectively, due to work adjustments, according to a Wednesday filing with the Shenzhen bourse.The company did not disclose further details regarding the management changes.Shares of the gold miner rose 1% in recent trade.

SHE:000975

Asia42d ago

Tata Consultancy Services Bags Multi-Year Contract from UK's Tottenham Hotspur Football Club

Tata Consultancy Services (NSE:TCS, BOM:532540) has secured a multi-year contract from the UK's Tottenham Hotspur Football Club for the latter's digital transformation, according to a Tuesday filing to the Indian stock exchanges.The Indian technology company will provide advanced solutions across fan engagement, club operations, and Tottenham Hotspur's broader digital ecosystem.The Indian IT services company will also deliver advanced analytics and insights to support the club's operations and decision-making.

BOM:532540NSE:TCS

Asia42d ago

China Merchants Expressway to Make 58.8 Million Yuan Bond Interest Payment

China Merchants Expressway Network & Technology (SHE:001965) will make an interest payment of 58.8 million yuan for its 2.5 billion yuan bond on July 2.The five-year bond carries a 2.35% interest rate, according to a Wednesday filing with the Shenzhen bourse.The toll expressway operator's shares rose nearly 1% in recent trade.

SHE:001965

Asia42d ago

Viji Finance Allots 88.5 Million Warrants in Revised Preferential Issue

Viji Finance (NSE:VIJIFIN, BOM:537820) has allotted 88.5 million convertible warrants on a preferential basis to 19 non-promoter investors.The company received about 62 million rupees as upfront subscription money, representing 25% of the total warrant consideration, according to a Tuesday filing. The remaining amount is payable upon conversion within 18 months of allotment, subject to applicable regulations.The preferential issue was revised from 127.5 million warrants worth 357 million rupees to 88.5 million warrants worth 247.8 million rupees after three proposed investors did not participate in the offering.Each warrant is convertible into one equity share of the company.

BOM:537820NSE:VIJIFIN

Asia42d ago

Zhejiang NHU's Chairman Proposes Share Buyback of Up to 600 Million Yuan; Shares Up 4%

Zhejiang NHU's (SHE:002001) chairman, Hu Baifan, proposed to repurchase shares worth between 300 million yuan and 600 million yuan, according to a Shenzhen bourse filing on Wednesday.The shares will be bought back within 12 months of the approval of the board of directors.The repurchased shares will be used for equity incentive plans or employee stock ownership plans.The nutrition, flavoring, and fragrance products manufacturer's shares jumped 4% during the morning trade.

SHE:002001

Asia42d ago

Market Chatter: Kaynes Technology Expands Into Japan's Semiconductor Market With Local Support

Kaynes Technology India (NSE:KAYNES, BOM:543664) has stationed its sales team in Japan to seek semiconductor assembly orders from local chipmakers, including automotive semiconductor manufacturers, as the company enters the Japanese semiconductor market.Nikkei Asia reported on Wednesday that the Indian electronics manufacturer's semiconductor unit, Kaynes Semicon, is receiving support from Japanese back-end services provider Aoi Electronics in launching its product line, while Mitsui is assisting with materials procurement and customer development.The company is expected to start shipping its sample products in fiscal 2026.(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.)

Nikkei 225BOM:543664NSE:KAYNES

Asia42d ago

Market Chatter: Singapore Sovereign Wealth Fund Nears Sale of $2 Billion of Private Credit Stakes

Singapore's sovereign wealth fund, GIC, is closing in on the disposal of up to $2 billion in private credit assets via the secondaries market, Bloomberg News reported Tuesday, citing people familiar with the matter.The fund has hired Evercore to advise on the sale as it looks to trim some of its maturing holdings, the report said.Last year, GIC launched a process to sell at least $1 billion in private equity fund stakes from managers that included Blackstone and Apollo Global Management, the report noted.Private credit fund stake disposals have become a key strategy in the secondaries market, with volumes reaching $20 billion in 2025, the report added, citing Evercore data.GIC did not immediately respond to a request 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.)

^STI

Asia42d ago

Zhangjiang Hi-Tech Park Development to Sell 16.5% Stake in Joint Venture

Shanghai Zhangjiang Hi-Tech Park Development (SHA:600895) plans to divest its 16.5% shareholding in joint venture Shanghai Zhangjiang Science Gate Technology Development for 1.28 billion yuan, according to a Shanghai bourse filing on Wednesday.JV partner Shanghai Zhangjiang (Group) will acquire the stake through a non-public transfer agreement.The real estate developer's shares fell 2% during the morning trade.

SHA:600895

Asia42d ago

Market Chatter: U.S. Government Holds Off on Adding Chinese Firms, Including DeepSeek, to Trade Blacklist

The U.S. government has held off on adding more than 100 Chinese companies, including artificial intelligence startup DeepSeek and memory chipmaker CXMT, on a trade blacklist to avoid raising tensions with Beijing, Reuters reported Wednesday.The firms were flagged for inclusion to the Commerce Department's Entity List due to national security risks.According to Reuters, the U.S. government believes DeepSeek supported China's military and intelligence operations and tried to illegally access advanced U.S. chips through Southeast Asian shell companies.CXMT was similarly designated as a Chinese military company by the Biden administration but is yet to be added to the list, the report said.DeepSeek and CXMT did not immediately respond to requests for comment by.(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.)

Shanghai Composite^SZSE

Asia42d ago

Zydus Lifesciences Completes Acquisition of US-Based Assertio Holdings

Zydus Lifesciences (NSE:ZYDUSLIFE, BOM:532321), through its wholly-owned subsidiary, Zara Merger Sub, has completed the acquisition of all outstanding shares of common stock of NASDAQ-listed Assertio Holdings, according to a Tuesday filing to the Indian stock exchanges.The purchase was done at $23.50 per share of common stock of the U.S.-based specialty oncology pharmaceutical company Assertio, as part of a merger deal amounting to a total consideration of $166.3 million on a fully diluted basis.After the completion of the merger, Assertio will be the surviving entity, in which all shares of common stock not tendered into the offer will be cancelled and converted into the right to receive cash equal to the $23.50 offer price per common share.Assertio will become a wholly-owned subsidiary of the company, and its common stock will no longer be listed or traded on the Nasdaq, the statement said.

BOM:532321NSE:ZYDUSLIFE

Asia42d ago

Mapletree Pan Asia Commercial Trust Prices SG$200 Million Offering of Green Bonds

Mapletree Pan Asia Commercial Trust (SGX:N2IU) priced SG$200 million worth of 2.530% fixed-rate senior green bonds due in 2033, according to a Tuesday filing with the Singapore Exchange.Shares of the trust were up nearly 2% in Wednesday's trading.The debt securities will be issued on June 25. Deal proceeds used to finance or refinance eligible green projects.OCBC and United Overseas Bank are the joint lead managers and joint bookrunners.

SGX:N2IU

Asia42d ago

Austin Engineering's Guidance Cut 'Disappointing' But Turnaround Plan Remains Intact, Euroz Hartleys Says

Austin Engineering's (ASX:ANG) downgrade to its fiscal 2026 guidance is "disappointing," but the company's implied turnaround in the second half of the year remains intact and supports a positive outlook, Euroz Hartleys said in a Tuesday note.The company cut its revenue outlook to around AU$325 million from over AU$350 million, and earnings before interest and tax (EBIT) outlook to between AU$10 million and AU$11 million from a previous range of AU$14 million to AU$16 million.The downgrade reflects operational challenges in the Americas as well as the deferral of several sales and product deliveries into fiscal 2027, the investment firm said.It added that the company's performance in South America has remained below expectations, while more efficiency gains are needed in North American operations to lift throughput and return margins to targeted levels.Euroz Hartleys revised its own estimates to align with the new guidance, including a reduction of its fiscal 2027 EBIT forecast to AU$24.4 million from AU$31.1 million previously.Despite a more gradual operational recovery and slower than anticipated turnaround, Austin Engineering's current share price represents "a compelling entry opportunity for buyers who back turnaround execution," the equity research firm said.It maintain a speculative buy recommendation on Austin Engineering but reduced the target price to AU$0.30 from AU$0.35.The company's shares advanced 7% in recent Wednesday trade.

ASX:ANG

Asia42d ago

Sifang Automation Applies for Hong Kong Listing

Beijing Sifang Automation (SHA:601126) applied for the offering and listing of H-shares on the Hong Kong Exchange, according to a Shanghai bourse filing on Wednesday.

SHA:601126

Asia42d ago

Tencent Completes Dual-Currency Bond Offering

Tencent Holdings (HKG:0700) completed the issuance of $2.45 billion and 15 billion yuan of bonds under its global medium-term bond program, according to a Hong Kong bourse filing on Wednesday.The offering comprised $1.75 billion of 5.00% senior bonds due 2036, $700.0 million of 5.60% senior bonds due 2046, 11 billion yuan of 2.50% senior bonds due 2036, and 4 billion yuan of 3.10% senior bonds due 2056.The Chinese tech giant intends to use the net proceeds for general corporate purposes, including refinancing.

HKG:0700

Asia42d ago

Market Chatter: Zhongji Innolight Confidentially Files For Up to $7 Billion Hong Kong IPO

Zhongji Innolight (SHE:300308) has confidentially filed for a Hong Kong initial public offering that could raise as much as $7 billion, Reuters reported Tuesday, citing sources with direct knowledge of the matter.The Chinese optical parts maker could launch its IPO as early as mid-July after securing clearance from Chinese regulators for an additional listing by late June, the report said.The firm had initially planned to raise about $5 billion but upsized the potential IPO to $7 billion after strong investor interest during roadshows, one of the sources told the news agency.Zhongji Innolight did not immediately respond to a request 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.)

SHE:300308

Asia42d ago

Raffles Education Unit Faces Appeal in Court Ruling Over Lease Dispute

Raffles Education (SGX:NR7) subsidiary Raffles Assets is facing an appeal after NPS International School challenged a Singapore High Court ruling that dismissed its claim against the subsidiary and upheld Raffles Assets' counterclaim.The dispute pertains to a proposed lease agreement under a letter of intent, which the court found NPS had breached in its earlier judgment, according to a Tuesday filing with the Singapore Exchange.

SGX:NR7

Asia42d ago

Market Chatter: RedNote Operator Xiaohongshu Technology Hires Banks for Hong Kong Listing

Chinese social platform operator Xiaohongshu Technology has hired Goldman Sachs and CICC for a potential listing in Hong Kong, Reuters reported Tuesday, citing people with knowledge of the matter.The firm operates RedNote, commonly referred to as China's Instagram, and the listing could be among the most high-profile IPOs in the city, Bloomberg previously reported.It was not yet clear how much funds Xiaohongshu Technology was targeting, but the firm was valued at up to $50 billion towards the end of last year, Reuters reported.The firm could list as early as the second half of this year, according to the report.Xiaohongshu Technology did not immediately reply to a comment request 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.)

Hang Seng

Asia42d ago

SK Hynix Denies Media Report on KRW100 Trillion Shareholder Payout Plan

SK Hynix (KRX:000660) denied a report by The Korea Economic Daily that claimed that the company offered a shareholder return program worth 100 trillion won, according to a Tuesday filing with the Korean Exchange.CFO Kim Woo-hyun on Tuesday issued the clarification, which stated that the firm was currently reviewing several shareholder return measures to enhance shareholder value, but has not yet considered any specific plans.Shares of the chipmaker rose over 1% in recent trade.

KRX:000660

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