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JWIPC Technology to Invest 21 Million Yuan in Investment Fund

JWIPC Technology (SHE:001339) plans to invest 20.9 million yuan for a 48.6% stake in Shenzhen Liandao Zetai Investment Partnership.The fund will exclusively invest in Fuxi Semiconductor, a national high-tech enterprise specializing in enterprise-grade storage hardware and software, according to a Friday filing with the Shenzhen bourse.Shares of the internet of things hardware products manufacturer rose 1% in recent trade.

SHE:001339

Asia45d ago

Wanfeng Auto Wheel Completes Transfer of Subsidiary; Shares Jump 10%

Zhejiang Wanfeng Auto Wheel (SHE:002085) completed the transfer of its subsidiary, Shanghai Dacromet Coating Industry, to its new owner, Dacoma Materials Technology, according to a Friday disclosure on the Shenzhen bourse.The transaction amounted to 500 million yuan, but the auto parts manufacturer had already received the first payment installment of 420 million yuan.Wanfeng's shares jumped 10% during the midday trade.

SHE:002085

Asia45d ago

Monash IVF Group Still Expected to Lose Australian Market Share in Fiscal 2026, Jefferies Says

Monash IVF Group (ASX:MVF) is facing tough conditions and is still forecast to lose 250 basis points of Australian market share in fiscal 2026 to end the period with a 20% share, Jefferies said in a Friday note.The company cut its fiscal 2026 underlying net profit after tax guidance to between AU$17 million and AU$18 million from AU$20 million in a move that partly reflects "the somewhat discretionary nature" of in vitro fertilization (IVF), the equity research firm said.Jefferies now expects Australian IVF market volume to shrink 3.5%, compared with a previous forecast for a 1% contraction."We do not expect a sudden turnaround in IVF volumes but highlight previous corporate interest in IVF if an acquirer is willing to take a longer-term view given favorable industry dynamics," the investment firm said.Jefferies raised its estimates for Monash's fiscal 2026 fixed costs as a percentage of revenue to about 12% from 11%, and variable costs as a percentage of revenue to over 11%.It maintained a buy rating on the company but lowered its price target to AU$0.80 from AU$0.90.Monash IVF Group's shares jumped 3% in recent Friday trade.

ASX:MVF

Asia45d ago

LC Logistics Turns to Equity Markets For HK$139 Million Capital Raise; Shares Surge 19%

LC Logistics (HKG:2490) said it was looking to raise HK$139.1 million via a stock offering, according to a Friday filing with the Hong Kong bourse.The firm is seeking investors for 42.2 million shares priced at HK$3.30 each to raise funds for potential acquisitions.The shares represent 7.36% of the company's issued share capital, and 6.86% as enlarged by the offering.LC Logistics' shares jumped nearly 19% in recent trade.

HKG:2490

Asia45d ago

Jiemei Electronic and Tech to Redeem Early 600 Million Yuan Convertible Bond; Shares Down 3%

Zhejiang Jiemei Electronic and Technology (SHE:002859) plans to early redeem convertible bonds worth up to 600 million yuan on June 23, according to a Shenzhen bourse filing on Friday.The Jiemei Convertible Bond will be redeemed for 101.27 yuan per bond.The convertible bond's last trading day will be on June 16 and its last conversion day is on June 22.The electronic components manufacturer's shares fell 3% during the midday trade.

SHE:002859

Asia45d ago

CStone Pharmaceuticals Drug Receives Ethics Approval in Australia

CStone Pharmaceuticals (HKG:2616) received ethics approval to begin clinical trials of its core candidate CS5007 in Australia, according to a Friday filing with the Hong Kong bourse.The firm plans to enroll 310 patients in China and Australia to study the cancer treatment's effects.

HKG:2616

Asia45d ago

Chang Hwa Commercial Bank to Establish New US Representative Office

Chang Hwa Commercial Bank's (TPE:2801) board has approved plans to apply to establish a representative office in Phoenix, Arizona, U.S., according to a Thursday Taiwan Exchange filing.Shares gained about 2% in Friday's afternoon trade.The company will now seek regulatory approval for the new representative office in Arizona.The lender did not disclose a timeline, investment amount, or the strategic rationale for the planned office.

TPE:2801

Asia45d ago

MM Computer Systems Debuts Flat on Bursa Malaysia ACE Market

MM Computer Systems (KLSE:MMCS) debuted on the ACE Market of Bursa Malaysia on Thursday, opening at 0.22 ringgit, matching its initial public offering (IPO) price.The enterprise information technology (IT) solutions provider said the public issue, entailing 119 million shares, raised gross proceeds of 26.2 million ringgit.

KLSE:MMCS

Asia45d ago

Serial Achieva Completes Nearly SG$5 Million Share Placement to UFCT Technology; Shares Up 6%

Serial Achieva (SGX:XHV) completed the subscription of SG$4.6 million worth of shares to UFCT Technology, according to a Thursday filing with the Singapore Exchange.Shares of the distributor of technology products were up nearly 6% in Friday trading.The company has allotted and issued 21.0 million shares at SG$0.22 each under the subscription agreement.The distributor of consumer and enterprise information technology products had signed a subscription agreement with UFCT back in March.

SGX:XHV

Asia45d ago

Yuexiu Capital to Set Up Subsidiary for 870 Million Yuan

Guangzhou Yuexiu Capital Holdings (SHE:000987) agreed to establish a subsidiary through its unit and related parties for 870.3 million yuan, according to a Shenzhen bourse filing on Friday.The company's subsidiary, Guangzhou Yuexiu Capital Holdings Group, partnered with related parties Guangzhou Yuexiu Holdings and Guangzhou Yuedong New Energy Technology Investment for the establishment of the new company.The planned subsidiary will be named Guangzhou Yuexiu New Energy Technology and it will offer wind power, energy storage technology and new energy technology services.The Chinese financial services provider's shares rose 4% during the morning trade.

SHE:000987

Asia45d ago

Yunnan Lincang Xinyuan Germanium Units Complete Business Scope Changes; Shares Up 4%

Yunnan Lincang Xinyuan Germanium Industry (SHE:002428) said five subsidiaries have completed business scope changes.Kunming Yunge, Dongchang Metal, Yunnan Xinyao, Zhongke Xinyuan and Hubei Xinyao changed their business scopes due to operational development needs, according to a Friday filing with the Shenzhen bourseMeanwhile, grandchild company Dongchang Metal refined and standardized its registered address.The units obtained new business licenses issued by the local market regulator.Shares of the germanium miner rose 4% in recent trade.

SHE:002428

Asia45d ago

Envision Greenwise Forecasts Return to Fiscal Profit Amid Higher Revenue

Envision Greenwise (HKG:1783) said it expects HK$58 million to HK$63 million in net profit for the fiscal year ended March 31, reversing a loss of HK$15.7 million a year earlier, according to a Thursday filing with the Hong Kong bourse.The firm attributed the turnaround to a number of factors, including an increase in revenue by over HK$1.5 billion duringthe period.

HKG:1783

Asia45d ago

Shenzhen LDRobot Partners With Minieye to Develop Physical AI Services

Shenzhen LDROBOT (HKG:1236) entered into a cooperation agreement with Minieye Technology (HKG:2431) to jointly develop physical AI and embodied intelligence technologies, according to a Thursday Hong Kong bourse filing.The companies plan to collaborate on physical AI foundation models, embodied robotics, autonomous driving technologies, and multimodal interaction systems, with a focus on developing cross-scenario AI solutions and expanding robotics applications.The partnership will also seek to commercialize physical AI products through pilot projects in cities including Shenzhen and Changsha, targeting industrial parks, smart communities, and logistics parks.

HKG:1236HKG:2431

International45d ago

Malaysia's Retail Sales Rise 6.3% in April

Malaysia's retail trade sales increased 6.3% year over year in April, according to data from the Department of Statistics Malaysia released Friday.The increase missed the 7.7% growth forecast by analysts polled by Trading Economics. It also slowed from the 7.5% expansion in March.The sector's performance was driven primarily by a 6.1% increase in retail sales in non-specialized stores, while other retail segments also recorded gains.Total wholesale and retail trade sales combined reached 174.8 billion ringgit for the month, reflecting a 15.3% year-over-year increase.

FTSE Bursa Malaysia KLCI

Asia45d ago

Aspen's Associated Firm Signs Deal for Malaysia Mixed Development Project; Shares Up 7%

Aspen (Group) (SGX:1F3) associated company, Rivnis Ventures, signed a definitive agreement with Malaysia's Railway Assets Corporation (RAC), for a mixed development project in Penang, according to a Thursday filing with the Singapore Exchange.Shares of the property developer were up nearly 7% in Friday trading.The development spans an area of 34.839 acres and will be used to build 338 housing units over a period of seven years.Additionally, the companies will also relocate current land occupiers to the new units.

SGX:1F3

Asia45d ago

KGI Financial Logs NT$4.74 Billion Profit in May

KGI Financial (TPE:2883) booked net profit of NT$4.74 billion for May, according to a Thursday Taiwan Exchange filing.Shares gained about 1% in Friday's late morning trade.Cumulative net profit for January to May amounted to NT$22.3 billion, or NT$1.32 per share.The company did not disclose comparative year-ago figures.

TPE:2883

Asia45d ago

Controlling Shareholders Trim Stake in China's Guocheng Mining

Guocheng Mining's (SHE:000688) controlling shareholder, Guocheng Holding Group, and its concerted party, Gansu Jianxin Industrial Group, disposed part of their stake in the company, according to a Friday disclosure on the Shenzhen bourse.Guocheng Holding and Gansu Jianxin offloaded 2,304,000 shares, or 0.19% of the company's total share capital, through centralized bidding between May 29 and June 11.The shareholders' combined shareholding in the company dropped from 66.18% to 65.99%.The Chinese mining company's shares jumped 8% during morning trade.

SHE:000688

International45d ago

Malaysia's Industrial Production Growth Quickens to 8.2% in April

Malaysia's Industrial Production Index (IPI) rose 8.2% year over year in April, according to data from the Department of Statistics Malaysia (DOSM) released on Friday.The pace of growth accelerated from the 3.1% increase recorded in the previous month. It beat the consensus forecast of a 4.0% growth tracked by Investing.com.The monthly performance was driven primarily by an 8.3% output growth in manufacturing, coupled with the turnaround to 6.8% in the mining sector from a decline of 6.5% seen in March.However, on a month-on-month basis, the IPI contracted by 3.4% after registering a positive 9.3% growth in the previous month.

FTSE Bursa Malaysia KLCI

Asia45d ago

United Laboratories Unit Wins China Clinical Trial Approval for Autoimmune Drug

United Laboratories International (HKG:3933) wholly owned subsidiary, Zhuhai United Laboratories, received approval from China's National Medical Products Administration to begin clinical trials of TUL321 capsules, according to a Thursday Hong Kong bourse filing.TUL321 is a next-generation complement factor B inhibitor being developed for autoimmune and complement-mediated diseases, the filing said.

HKG:3933

Asia45d ago

Adani Enterprises JV AdaniConneX Buys Madhuvanti Build Estate for INR7.65 Billion

AdaniConneX, a joint venture company of Adani Enterprises (NSE:ADANIENT, BOM:512599), has acquired a 100% equity stake in Madhuvanti Build Estate, according to a Thursday filing with Indian stock exchanges.The shareholding in the infrastructure developer has been acquired from Adani Infra (India) for 7.65 billion Indian rupees.Madhuvanti owns a land parcel and has secured key licenses to commence infrastructure activities, which would give AdaniConneX a head start, the company said. Madhuvanti has not yet commenced commercial operations.

BOM:512599NSE:ADANIENT

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