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Guangzhou Tinci Materials Technology Provides 50 Million Yuan Guarantee for Subsidiary

Guangzhou Tinci Materials Technology (SHE:002709) provided a 50 million yuan guarantee for its wholly owned subsidiary, Jiujiang Tinci New Power Materials Technology.The guarantee, signed with ICBC, falls within the company's total guarantee quota of 7.5 billion yuan for 2026, according to a Tuesday filing with the Shenzhen bourse.Shares of the new energy material manufacturer declined 1% in recent trade.

SHE:002709

Asia45d ago

Hangzhou Gold Electronic Equipment Jumps 799% in Shenzhen Debut

Hangzhou Gold Electronic Equipment (SHE:301669) shares opened at 63.65 yuan on their first day of trading on the Shenzhen bourse.This marked a 799% jump from the chipmaker's initial public offering price of 7.08 yuan per share.

SHE:301669

International45d ago

Japanese Investors Sell JPY2.72 Trillion of Foreign Stocks in May

Japanese investors sold 2.72 trillion yen worth of foreign stocks net in May, according to data from the Ministry of Finance on Monday.The selloff marked the fastest pace in about five years amid the Middle East conflict and questions over a tech-driven market rally, Reuters reported separately.Investors appeared to be swapping riskier assets for foreign debt, with purchases reaching a net 2.9 trillion yen during the month, the most since May 2025, according to the report.

Nikkei 225

Asia45d ago

Adani Enterprises Arm to Acquire Portus Ventures

Adani Airport City, a step-down subsidiary of Adani Enterprises (NSE:ADANIENT, BOM:512599), has agreed to acquire a 100% stake in real estate developer Portus Ventures for 140,000 Indian rupees, according to a Monday filing to the Indian stock exchanges.The transaction is expected to be completed by June 17.Portus was incorporated in 2024 to undertake real estate activities with owned or leased property, construction of buildings, hotels and motels, and resorts providing short-term lodging facilities. It has not yet started business operations.

BOM:512599NSE:ADANIENT

Asia45d ago

Atlas Arteria Says IFM Global Unit Satisfies Key Regulatory Condition

Atlas Arteria (ASX:ALX) said IFM Global Infrastructure Fund subsidiary Diamond Infraco 1 has satisfied the European Union Foreign Subsidies Regulation approval condition for its takeover offer, fulfilling the regulatory approvals condition, according to a Tuesday filing with the Australian bourse.The bidder has waived several additional offer conditions under the Corporations Act, including requirements for regulatory approvals, concession-grantor clearances, change-of-control consents, and protections relating to material adverse changes, per the filing.The offer now remains subject only to a reduced set of conditions, including no market fall, no distributions, conduct of business, no prescribed occurrences, and no specified authorizations or agreements, the filing said.The bidder currently holds a 34.56% voting interest in the company, the filing added.

ASX:ALX

Asia45d ago

Market Chatter: South Korea's President Vows to Raise Investment in Future Growth Sectors

South Korean President Lee Jae Myung announced plans to use excess tax revenues from the semiconductor sector to fund new growth industries, Bloomberg News reported Monday, citing a press conference marking Lee's first anniversary as president.The goal is to reduce the country's long-term reliance on microchips and build global competitiveness across other technology sectors, the report said.Highlighting this economic shift, President Lee nominated Han Seong-sook, the current Minister of SMEs and Startups and former CEO of internet company Naver (KRX:035420), as the country's next Prime Minister, according to the report.(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.)

^KOSDAQKOSPIKRX:035420

Asia45d ago

Hitachi Expands Google Cloud Alliance to Advance Physical AI and Cybersecurity

Hitachi (TYO:6501) has broadened its strategic alliance with Google Cloud to accelerate real-world deployment of physical AI, which connects frontline data analysis to autonomous device control.Combining Hitachi's domain expertise with Google's AI resources, the partnership will establish a global team of forward-deployed engineers to support customers end-to-end, according to a statement on Monday.The collaboration also addresses AI-generated cyber threats, leveraging Google Cloud's security platforms alongside Hitachi's mission-critical knowledge.Enhanced AI-powered solutions will help frontline workers through autonomous operations, while reusable data platforms aim to deliver value at scale.

TYO:6501

Asia45d ago

Ningbo Regulator Approves Bank of Ningbo Exec's Qualifications

Bank of Ningbo (SHE:002142) said the Ningbo Financial Regulatory Bureau has approved Feng Peijiong's qualifications as the bank's vice chair and president, according to a Tuesday filing with the Shenzhen bourse.Shares of the lender rose 2% in recent trade.

SHE:002142

Asia45d ago

PointsBet Selects Grafana Cloud as Unified Observability Platform

PointsBet (ASX:PBH) selected Grafana Cloud as its unified observability platform, software company Grafana Labs said in a statement on Tuesday.PointsBet will use Grafana Cloud to consolidate telemetry across its betting platform, advance incident response through artificial intelligence, and give engineering teams the visibility to own and operate their services, per the statement.

ASX:PBH

Asia45d ago

Luzhou Laojiao Taps Connected Consortium for 345 Million Yuan Marketing Center Project

Luzhou Laojiao (SHE:000568) has selected a consortium involving a related party to build its new liquor marketing center for 345.2 million yuan, according to a Shenzhen bourse filing on Tuesday.The winning consortium includes Luzhou Laojiao Construction and Installation Engineering, a wholly owned subsidiary of the company's controlling shareholder, Luzhou Laojiao Development Investment Group.The contract covers the construction of Section II of the marketing center, located in the Longmatan District of Luzhou City, China. The development will span a land area of 33,455 square meters and features a total planned gross floor area of approximately 59,661.20 square meters.

SHE:000568

Asia45d ago

Panasonic Targets 1.4 Trillion Yen in AI Infrastructure Sales by 2029

Panasonic (TYO:6752) aims to nearly triple AI infrastructure sales to almost 1.4 trillion yen by the fiscal year ending March 2029, driven by enhanced products and increased production.The company intends to invest 500 billion yen to improve its devices and systems, as well as expand production, according to an investor day presentation by group CEO Yuki Kusumi on Monday.

TYO:6752

Asia45d ago

Market Chatter: Nippon Telegraph and Telephone Launches $500 Million Global Fund for Light-Based Communications Tech

Nippon Telegraph and Telephone (TYO:9432) or NTT is establishing a $500 million fund to advance its light-based IOWN communications technology, which sharply cuts power consumption, Nikkei reported Tuesday.The fund will be jointly operated with partners including SK Group, Chunghwa Telecom, and a leading U.S. venture capital firm, and is expected to launch by the end of this month, the news daily said.Approximately 20 companies, including Samsung Electronics (KRX:005930) and GlobalFoundries, are set to participate in the initiative, the publication said.With offices in Silicon Valley and Tokyo, the fund will target startups in silicon photonics and related software and telecom technologies, the report said.The partners will leverage their deep tech expertise to identify promising companies primarily in the U.S., Asia, and Europe, it added.(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.)

KRX:005930TYO:9432

Asia45d ago

Alicanto Minerals Requests Trading Halt Ahead of Capital Raising

Alicanto Minerals (ASX:AQI) requested a trading halt on its securities pending an update regarding a capital raising initiative, according to a Tuesday filing with the Australian bourse.The company has requested the halt remain in place until the update is released or trading opens on Thursday, whichever comes first, the filing added.

ASX:AQI

Asia45d ago

Hangzhou SF Intra-city Industrial Announces HK$400 Million Share Buyback

Hangzhou SF Intra-city Industrial (HKG:9699) said it plans to buy back up to HK$400 million of its H shares from the open market, according to a Monday filing with the Hong Kong bourse.The company will finance the buyback from internal resources.

HKG:9699

International45d ago

Total Value of Residential Dwellings in Australia Rises in March Quarter

The total value of residential dwellings in Australia rose 2.5% in the March quarter, settling at AU$12.773 trillion, figures from the Australian Bureau of Statistics showed Tuesday.The mean price of residential buildings rose AU$22,300 to AU$1.1 million in the quarter.Dwelling value growth slowed this quarter after a strong increase in late 2025, though Australia's housing stock remains 11.9% higher year-on-year, driven by continued rises in residential property prices, said Mish Tan, ABS head of finance statistics.Victoria was the only state or territory to record a decline in the mean price of residential dwellings this quarter, falling 0.3%, while Western Australia rose 7.2% and Queensland increased 4.6%, recording the strongest gains, per the report.

ASX 200

Asia45d ago

NZX Midday Sector Update: Transportation Advances, Commercial Services Fall

Transportation shares gained the most on New Zealand's Exchange, rising almost 2% by midday Tuesday.Auckland International Airport (NZE:AIA, ASX:AIA) gained past nearly 3% in recent trade.Meanwhile, the commercial services sector fell 1%.PGG Wrightson (NZE:PGW) was down nearly 1% in recent trade.

^NZ50ASX:AIANZE:AIANZE:PGW

Asia45d ago

Chinasoft International Controlling Shareholder Buys Shares

Chinasoft International (HKG:0354) said its major shareholder and chairman Chen Yuhong bought 3 million shares of the company from the open market, according to a Monday filing with the Hong Kong bourse.Chen bought the shares on June 8 for an average price of HK$4.022, or HK$12.1 million in total.The shares bought represent 0.11% of the company's issued share capital and bumped Chen's ownership to 12.01% of the business.

HKG:0354

Asia45d ago

TCS Launches New Unit to Help Enterprises Build AI-Native Global Capability Centers

Indian technology company Tata Consultancy Services (NSE:TCS, BOM:532540) has launched a dedicated business unit to help enterprises build AI-native global capability centers, according to a Monday filing to the Indian stock exchanges.Soumen Roy, who was most recently head of TCS Canada, has been appointed as head of TCS Global Value & Innovation Centres Business Unit (TCS GVIC).The unit offers end-to-end services including strategy, setup, and AI-led transformation, leveraging a Human + AI operating model.

BOM:532540NSE:TCS

Asia45d ago

Qube Says Rubik Australia Received Scheme Approval From Papua New Guinea Independent Consumer, Competition Commission

Qube (ASX:QUB) said Rubik Australia received approval from the Papua New Guinea Independent Consumer and Competition Commission in relation to the scheme implementation deed under which it has agreed to acquire 100% of the shares in company, according to a Tuesday filing with the Australian bourse.The company secured a majority of the required third-party consents or waivers under the specified contracts, with the pending regulatory approvals for scheme implementation already in progress, the filing said.The board unanimously recommended that shareholders vote in favor of the scheme, provided there is no superior proposal and the independent expert continuing to conclude that the scheme is in the best interest of shareholders, per the filing.

ASX:QUB

Asia45d ago

Accelink Technologies to Use Share Placement Proceeds to Replace Funds; Shares Up 3%

Accelink Technologies (SHE:002281) decided to use part of the proceeds from its private share placement to replace funds invested in some projects and expenses, according to a Shenzhen bourse filing on Tuesday.The company previously raised net proceeds worth 3.48 billion yuan from the share placement.Part of the proceeds will be used to replace the 164.7 million yuan invested in a computing center project and the 1.8 million yuan that was used to pay issuance expenses.The optical components and subsystems producer's shares rose 3% during the morning trade.

SHE:002281

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