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China Everbright Water Exits Wastewater Project After Policy Changes

China Everbright Water (SGX:U9E, HKG:1857) terminated its wastewater treatment project in Qingdao, China, citing regulatory changes in the country's public-private partnership framework, according to a Friday filing with the Singapore Exchange.The dual-listed wastewater treatment company had signed a concession agreement with Qingdao Environmental Energy and Laoshan Urban Management Bureau in March 2024.Under the agreement, China Everbright Water would cover the financial, construction, operation, and maintenance needs of the project.Following the introduction of new regulatory guidelines by the National Development and Reform Commission and the Ministry of Finance, the company decided not to proceed with the project.China Everbright Water said it will be reimbursed for costs incurred in relation to the project.

HKG:1857SGX:U9E

Asia45d ago

Ritco Logistics Bags INR101 Million Worth of New Contracts in May

Ritco Logistics (NSE:RITCO, BOM:542383) secured new transportation contracts worth around 100.7 million Indian rupees in May, according to a Saturday filing to the Indian stock exchanges.Of the total, orders worth 93 million have been received through its polymer and PSU segment, including two contracts valued at a combined 58 million rupees from Rashtriya Ispat Nigam.Under its infrastructure, engineering, and industrial goods segment, it bagged a one-year contract with BHEL (NSE:BHEL, BOM:500103) and two contracts from RenewSys.

BOM:500103BOM:542383NSE:BHELNSE:RITCO

Asia45d ago

UMS Signs MOU for $4 Million Vietnam Precision Engineering Investment; Shares Rise 6%

UMS Integration (KLSE:UMSINT) signed a memorandum of understanding with two founding shareholders to explore a proposed restructuring and investment in Vietnam-based precision engineering and metal processing businesses, according to a Friday Malaysian bourse filing.Shares dropped about 6% around midday Monday.Under the deal, the company plans to invest about $3.6 million in a newly formed entity that will consolidate the target businesses, potentially giving UMS a 51.6% stake and making it a unit, subject to due diligence and final agreements.The deal involves companies engaged in precision engineering, plating, and semiconductor-related manufacturing, aligning with UMS's strategy to expand its footprint in Southeast Asia.UMS Integration said the transaction is still preliminary, with no certainty that definitive agreements will be signed or that the proposed investment will be completed.

KLSE:UMSINT

Asia45d ago

MTQ to Sell Premier Estate for SG$12 Million

MTQ (SGX:M05) entered into a conditional sale and purchase agreement to sell its subsidiary, Premier Estate to H3 Engineering Services for SG$12 million, according to a Friday filing with the Singapore Exchange.The subsidiary's sole asset is an industrial property at 54 Loyang Way, Singapore.The disposal is part of the company's strategy to realize the value of its non-core and surplus assets.The company said proceeds from the transaction will be used for general working capital purposes.

SGX:M05

Asia45d ago

Reliance Infrastructure Urges SEBI, Exchanges to Revisit ASM Restrictions on Shares; Shares Jump 5%

Reliance Infrastructure (NSE:RELINFRA, BOM:500390) has approached the Securities and Exchange Board of India (SEBI), the National Stock Exchange and the BSE seeking a review of the surveillance framework that has placed its shares under additional trading restrictions, according to an Indian bourse filing on Sunday.Shares of the company jumped 5% in early trade on Monday.The company said the current Additional Surveillance Measure (ASM) mechanism, which permits trading only once a week with a 5% price band, is affecting more than 700,000 retail shareholders and limiting price discovery."The impact of these restrictions falls disproportionately on its public shareholders," the company said.Reliance Infrastructure proposed retaining safeguards such as margin requirements, gross settlement and price bands while considering alternatives including a call-auction mechanism or a wider graded price band.The company also said the restrictions remain in place despite the stay granted by the National Company Law Appellate Tribunal on the insolvency admission order and the corporate insolvency resolution process.

BOM:500390NSE:RELINFRA

Equities45d ago

Pennpetro Energy to Sell Remaining Interest in Three US Units to Petroquest Energy

Pennpetro Energy (PPP.L) agreed to sell its remaining 49% interest in three US subsidiaries to Petroquest Energy, according to a June 5 filing.The London-listed energy projects developer is exiting its shareholding in Pennpetro USA, Nobel Petroleum USA, and Nobel Petroleum subsidiaries.Petroquest Energy previously acquired a 51% interest in the subsidiaries.

$PPP.L

Asia45d ago

Market Chatter: Hanwha Aerospace CEO Barred From Overseas Travel in Blast Probe

Hanwha Aerospace (KRX:012450) chief executive Son Jae-il has been barred from traveling abroad amid an investigation into the explosion at the defense firm's plant last week, Reuters reported Monday, citing Yonhap News.The explosion and fire left five workers dead and two injured.Meanwhile, the Daejeon Regional Employment and Labor Office booked the chief executive over suspected violations of South Korea's Serious Accidents Punishment Act, ChosunBiz reported.Hanwha Aerospace previously suspended production at nine facilities on June 4 and June 5 to conduct safety inspections and employee training following the incident, according to Reuters.(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:012450

Asia45d ago

Advanced Enzyme Technologies Invests Additional INR2.5 Million in Wholly-Owned Subsidiary

Advanced Enzyme Technologies (NSE:ADVENZYMES, BOM:540025) has made an additional investment of 2.5 million Indian rupees in its wholly-owned subsidiary, of the company Advanced Nutrazyme, according to a Saturday filing to the Indian stock exchanges.The enzymes manufacturer's shares were up nearly 1% in early trade on Monday.The investment was made by subscribing to Advanced Nutrazyme's rights issue of 250,000 equity shares of 10 rupees each.With this, the company's investment in the subsidiary has increased to 3 million rupees, amounting to 300,000 equity shares of 10 rupees each.

BOM:540025NSE:ADVENZYMES

Asia45d ago

Market Chatter: European Party Leader Calls for Tougher EU Trade Policy on China

Manfred Weber, leader of the European People's Party in the European Parliament, urged the European Union to adopt a stricter trade stance toward China, arguing that Beijing's manufacturing dominance poses growing risks to Europe's economy, Bild am Sonntag reported Sunday.Speaking to the newspaper, Weber said the EU can no longer afford to be complacent and must safeguard its economic interests, according to the report.He pointed to the bloc's daily trade imbalance with China, estimated at nearly 1 billion euros, warning that it threatens European industries and employment, Bild am Sonntag wrote.Weber said failure to act could severely weaken key sectors of Europe's economy, 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.)

Shanghai Composite^SZSE

Asia45d ago

Aedge Secures Nearly $3 Million Offshore Contract

Aedge (SGX:XVG) secured two additional contracts worth $2.8 million from a major offshore and marine engineering business, according to a Friday filing with the Singapore Exchange.The contract is for the supply of specialized grating systems and associated components for offshore and energy infrastructure projects.Following the new contract awards, the company has secured three contracts totaling around $4.3 million from the repeat client.

SGX:XVG

Asia45d ago

Tiong Seng Names CFO

Tiong Seng Holdings (SGX:BFI) named Eugene Lim Poon Kheng as its new chief financial officer, effective June 5, according to a same-day filing with the Singapore Exchange.Eugene was previously associated with Pegasus Industrial Midwest and HIMS Integrated Services, the filing stated.

SGX:BFI

Asia45d ago

ValueMax Updates SG$300 Million Bond Program; Shares Down 3%

ValueMax Group (SGX:T6I) updated its existing SG$300 million multicurrency medium-term bond program, according to a filing with the Singapore Exchange.The company said the program documentation, including the trust deed with DBS Trustee Limited, has been updated to align with the covenant provisions in its existing banking facilities.Shares of the pawnbroker fell 3% in Monday trading.

SGX:T6I

Asia45d ago

MEGA International Buys Land Parcels Worth NT$626 Million

MEGA International Development (TPE:5529) acquired two land parcels in New Taipei City, Taiwan, for NT$626 million.The site spans about 2,028.7 square meters and will be used for residential development and sale, according to a Saturday Taiwan Exchange filing.The seller is an unrelated individual whose identity was not disclosed in the filing.

TPE:5529

Asia45d ago

Gemdale's Contracted Sales Drop 36% in May

Gemdale's (SHA:600383) contracted sales value in May dropped 36% year on year to 2 billion yuan, according to a Shanghai bourse disclosure on Saturday.The property developer's shares during Monday's midday trade fell 2%.The company's contracted sales area dipped 46% to 129,000 square meters from a year earlier.Meanwhile, the company acquired a new project on Dazhai South Road, Yanta District, Xi'an, China, for 228.9 million yuan. The project has a site area measuring 23,677.33 square meters and a gross floor area of 101,812.16 square meters.

SHA:600383

Asia45d ago

Lung Ming Green Energy Settles Arbitration Dispute with Hung Sheng Construction

Lung Ming Green Energy Technology Engineering (TPE:3018) reached a formal settlement with Hongsheng Construction to resolve an arbitration dispute related to work on the Taoyuan Airport MRT A14 station project.Under the agreement, Lung Ming will pay NT$55 million by July 20 to recover two bank guarantee checks with a combined face value of NT$194.9 million and seek cancellation of a bounced-check record, according to a Monday Taiwan Exchange filing.The company said the settlement is not expected to have a material impact on its financial condition or operations.

TPE:3018

Asia45d ago

Weigao Group's Controlling Shareholder Buys Shares

Shandong Weigao Group Medical Polymer (HKG:1066) said its controlling shareholder, Weigao Holding, had purchased nearly 15 million H shares of the company from the open market since May 13, according to a Friday filing with the Hong Kong bourse.The medical device company's shares fell over 1% in morning trade Monday.The shares were purchased for around HK$50.9 million and represent 0.33% of the company's issued share capital.

HKG:1066

Asia45d ago

Tospo Lighting Unit to Invest 68 Million Yuan in Private Equity Fund; Shares Fall 5%

Hengdian Group Tospo Lighting (SHA:603303) said its Singapore subsidiary will invest about 68.2 million yuan as a limited partner in private equity fund HBYT Co-Investment.The fund is managed by Hillhouse Investment Management, according to a weekend filing with the Shanghai bourse.Shares of the lighting products manufacturer fell nearly 5% in recent trade.

SHA:603303

Asia45d ago

Breton Technology Chairman Further Boosts Stake in Firm

Breton Technology (HKG:1333) said its chairman, Chen Fangming, bought 100,000 shares of the electric engineering machinery maker from the open market, according to a Friday Hong Kong bourse filing.The shares represent about 0.03% of the company and increased Chen's stake to 30.53%.The company said Chen has acquired a cumulative total of 1 million shares since his first purchase in December 2025.Shares of Breton were down over 2% in Monday's late morning trade.

HKG:1333

Asia45d ago

Dongfeng Automobile's Sales Rise in May

Dongfeng Automobile's (SHA:600006) total sales in May rose to 10,073 vehicles from 9,357 vehicles a year earlier, according to a Shanghai bourse filing on Saturday.The Chinese automobile maker's shares slipped 2% during Monday's midday trade.However, the sales of new energy vehicles fell year on year to 1,270 units from 3,355 units.As for the output, the total number of produced vehicles climbed to 11,724 units from 9,927 units a year earlier.

SHA:600006

Asia45d ago

Tomoe Engineering Co Engineering Raises Full-Year Earnings Forecast and Final Dividend

Tomoe Engineering Co (TYO:6309) raised its earnings forecast for the fiscal year ending Oct. 31, with projected net income increasing to 4.4 billion yen from 4.2 billion yen.The engineering firm's earnings per share (EPS) estimate was raised to 149.54 yen from 142.77 yen, according to a Tokyo bourse filing on Monday.The net sales forecast was revised down to 62.9 billion yen from 63.2 billion yen due to delays in overseas machinery and equipment projects.The profit improvements are primarily attributed to solid growth in industrial materials within the chemical products business and enhanced profitability in the machinery and equipment business.Additionally, the company recorded extraordinary gains from the liquidation of a subsidiary in China and the sale of policy shareholdings.As a result of these changes, the year-end dividend forecast was also revised upward to 40 yen per share from 36 yen initially.

TYO:6309

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