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Inkeverse Group to Raise HK$329 Million in Share Sale

Inkeverse Group (HKG:3700) agreed to issue HK$329.4 million worth of shares to several investors, according to a Thursday filing with the Hong Kong bourse.The firm will issue 387.5 million shares at HK$0.85 apiece as part of efforts to acquire high-performance GPUs and expand its computing infrastructure.The shares will be sold to nine subscribers comprising six corporate investors, two individual investors and one institutional investor.The shares represent 20% of the company's issued share capital and 16.67% as enlarged by the sale.

HKG:3700

Asia49d ago

Suzhou Ribo Seeks Coronary Artery Disease Drug Trial in Europe

Suzhou Ribo Life Science (HKG:6938) submitted a phase 2b clinical trial application for RBD1119 at the European Medicines Agency (EMA), according to a Thursday filing with the Hong Kong bourse.The trial aims to study the drug for the treatment of coronary artery disease.

HKG:6938

Asia49d ago

Dajin Heavy Industry Seeks Up to HK$5.8 Billion in Hong Kong IPO

Dajin Heavy Industry (HKG:1081, SHE:002487) launched its Hong Kong initial public offering on Thursday, seeking to raise up to about HK$5.77 billion from the deal.The China-based offshore wind power equipment provider is offering 87 million shares at an indicative maximum price of HK$66.40 per share, according to a Hong Kong bourse filing.The offering comprises 8.7 million shares for Hong Kong investors and 78.3 million shares for international investors, subject to reallocation, the offer size adjustment option, and the over-allotment option.The offer price is expected to be determined by June 3, with allocation results due by June 4, ahead of the company's planned trading debut on June 5.Net proceeds will be used mainly to enhance the company's integrated deep-sea solutions and support the construction of an assembly base in Europe.The funds will also be used for research and development, expansion into new overseas markets, and working capital and general corporate purposes.Huatai Financial (Hong Kong) and China Merchants Securities (HK) are acting as joint sponsors, joint sponsor-overall coordinators, and overall coordinators.They are also serving as joint global coordinators, joint bookrunners and joint lead managers alongside China International Capital Corporation Hong Kong Securities, Ping An Securities (Hong Kong) and CCB International Capital.

HKG:1081SHE:002487

Asia49d ago

BHP Shares Inch Down After Entering Agreement to Explore Potential Large-Scale Energy Supply for Western Australia Iron Ore Operations

BHP Group's (ASX:BHP) shares inched down nearly 0.2% in recent trading on Thursday after it said in a statement late on Wednesday that it signed a non-binding memorandum of understanding with Yindjibarndi Energy to explore a potential large-scale energy supply for its Pilbara-based iron ore operations in Western Australia.The parties will assess options across power generation, electricity transmission, and enabling infrastructure, which includes scalable renewable energy.Any future outcomes will be subject to further technical studies, commercial considerations, and approvals, the statement added.

ASX:BHP

Research49d ago

Research Alert: Iclr: Q4 2025 Results Mixed After Long Delay; 2026 Guidance Headwinds

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ICON reported challenging Q4 results with sales of $2.11B (+2.5% Y/Y, $130M above consensus) but adjusted EPS of $2.52 fell $0.59 short of estimates and declined 26.5%. Full-year 2025 sales of $8.25B rose just 0.8%, while adjusted EBITDA margin contracted meaningfully to 18.6% (-180 bps), reflecting industry headwinds including elevated cancellations and pricing pressure. A bright spot was strong bookings momentum with $3.2B in Q4 gross wins supporting a robust 1.36 book-to-bill ratio, while the completed accounting investigation resulted in minimal revenue restatements of 0.8%-1.1% for 2023-2024 with no operational impact. For 2026, ICLR guided to revenue of $7.85B-$8.15B and EPS of $10.00-$11.00, representing declines of about 3% and 16%, respectively, at the midpoint. The guidance reflects continued near-term margin pressure and operational challenges, in our view, though management expressed confidence in large pharma spending recovery and improving biotech funding conditions.

$ICLR

Asia49d ago

Rusal Signs Grid, Telecom Service Contracts With En+ Associates

Rusal (HKG:0486) entered into electrical grid connection and communication network service contracts with associates of En+, according to a Thursday Hong Kong bourse filing.Under the agreements, En+ Hydro will provide electrical grid connection services to Rusal Bratsk Aluminium Smelter, while EN+Telecom will provide communication network connection services to Rusal Anodic Factory.

HKG:0486

International49d ago

Bank of Korea Holds Rate Steady as Expected

^KOSDAQKOSPI

Asia49d ago

AnteoTech Appoints Japanese Life Sciences Distributor as Product Supplier; Shares Jump 14%

AnteoTech (ASX:ADO) said Japanese life sciences distributor Cosmo Bio was appointed to supply AnteoBind and related products in Japan, effective immediately, according to a Thursday Australian bourse filing.Cosmo Bio will market and supply AnteoBind and related products to Japan for use in bioconjugation workflows within the in vitro diagnostics market, including research institutes and organisations developing and utilising immunoassays.The agreement is nonexclusive, carries an initial term of three years, and there are no minimum purchase obligations. The other terms of the agreement are confidential.Its shares jumped 14% in recent trading on Thursday, reaching an over two-year peak.

ASX:ADO

Research49d ago

Research Alert: Hpq: Decent Q2, Driven By Price Increases; Fy 26 Guidance Largely Maintained

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:HP's Q2 FY 26 results exceeded consensus with revenue of $14.41B (+9% Y/Y) vs. $14.07B estimate and non-GAAP EPS of $0.86 (+21%) vs. $0.72 consensus, with operating margin of 7.5% up 20 bps. Personal Systems grew 13% driven entirely by price increases while units declined 7%, and operating margin expanded 70 bps to 5.2% despite elevated component costs. We believe AI PC momentum provides upside as shipments reached 44% of mix (up from 35% prior quarter), though we expect consumer demand destruction as prices rise with memory/CPU costs. Management maintained FY 26 guidance with non-GAAP EPS of $3.00 midpoint, down from $3.05 but improved versus prior commentary, and free cash flow of $2.9B. We see downside to estimates given component price volatility, as recent price-increase-driven growth is likely unsustainable medium-term while Printing continues structural decline with revenue down 2% despite maintaining strong 18.3% operating margins.

$HPQ

Asia49d ago

Market Chatter: Toyota Suppliers Including Denso Boost R&D Spending to Cut Reliance on Rare Earths

Six Toyota Motor (TYO:7203)-affiliated auto suppliers, including Denso (TYO:6902), plan to spend a combined 1.16 trillion yen on research and development for the fiscal year ending March 2027, Nikkei Asia reported Thursday, citing company officials.All six companies -- Denso, Aisin (TYO:7259), Toyota Boshoku (TYO:3116), Jtekt (TYO:6473), Toyoda Gosei (TYO:7282), and Aichi Steel (TYO:5482) -- have increased their R&D budgets, with all except Jtekt anticipating record-high spending levels, the report said.Denso accounts for 705 billion yen of the total, a 2% increase from the previous year, the report said, citing Denso President Shinnosuke Hayashi.(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.)

TYO:3116TYO:5482TYO:6473TYO:6902TYO:7203TYO:7259TYO:7282

Asia49d ago

Galan Lithium Processes First Lithium Brine from Argentina Project

Galan Lithium (ASX:GLN) confirmed the first processed lithium chloride at its fully owned Hombre Muerto West project in Catamarca Province, Argentina, according to a Thursday filing with the Australian bourse.Wet plant commissioning at the project is complete, with an optimization phase now underway targeting the production of lithium chloride concentrate and product sales in the second half of the year, per the filing.The company said it has accumulated a brine inventory of around 10,000 tonnes of lithium carbonate equivalent at the HMW project, providing immediate feedstock for a production ramp-up.Shares of Galan Lithium rose 3% in recent Thursday trade.

ASX:GLN

Asia49d ago

Japanese Shares Slide as US-Iran Contradictions Dim Hopes for War Breakthrough

Japanese equities declined on Thursday, mirroring losses on Wall Street, following contradictory statements from the US and Iran regarding potential negotiations to end the ongoing conflict.The Nikkei 225 slipped 228.7 points or 0.4% to open at 64,770.76.White House officials dismissed an Iranian media report suggesting peace talks were making progress, while President Donald Trump stated he was "not satisfied" with the discussions, dampening hopes for a quick resolution, according to various reports.The US also rejected claims of a draft interim deal that would have restored normal traffic through the Strait of Hormuz within a month, with Trump insisting that no single country should control the vital waterway.Meanwhile, Federal Reserve Vice Chair Philip Jefferson, in a prepared speech delivered at a Bank of Japan conference in Tokyo, predicted inflation would ease later this year as tariff effects and elevated energy costs diminish, though he cautioned that upside inflationary risks persist, Bloomberg News reported on Thursday.Jefferson also said he is closely monitoring whether higher energy prices stemming from the Iran war are beginning to weigh on economic activity.

Nikkei 225

Asia49d ago

Golden Horse Minerals Confirms High-Grade Mineralization at Depth at Western Australia Deposit

Golden Horse Minerals (ASX:GHM) confirmed high-grade mineralization at depth at the Hopes Hill North deposit, within its Southern Cross project in Western Australia, according to a Thursday filing with the Australian bourse.The first deep reverse circulation hole at the deposit returned "exceptional" results, including 12 meters at 7 grams per tonne grade of gold from 278 meters, including five meters at nearly 15 g/t grade of gold from 282 meters, the filing said.Additionally, drilling below and near the Hopes Hill pit delivered further high-grade results.One diamond rig and two reverse circulation rigs are on-site, with a fourth rig expected to arrive soon, per the filing.Shares rose 2% in morning trade on Thursday.

ASX:GHM

Asia49d ago

Peet Raises Fiscal 2026 Net Profit After Tax Guidance; Shares Gain 7%

Peet (ASX:PPC) raised its fiscal 2026 net profit after tax guidance to between AU$98 million and AU$100 million from a previous range of AU$86 million to AU$90 million, according to a Thursday filing with the Australian bourse.The new outlook represents earnings growth of 67% to 71% compared with fiscal 2025, per the filing.The company attributed the upgrade mainly to continued strong market conditions across Western Australia and Queensland, as well as an acceleration of its construction program that helped it bring product to the market sooner than expected.Peet's shares gained 7% in recent Thursday trade.

ASX:PPC

Asia49d ago

Clever Culture Systems Secures Two Orders for Imaging Instrument

Clever Culture Systems (ASX:CC5) secured two new pharmaceutical orders, including an agreement for a paid evaluation of its APAS Independence imaging instrument with a new pharmaceutical customer, according to a Thursday filing with the Australian bourse.The agreement includes an upfront payment covering installation, which is expected in June, and a non-refundable prepayment for a potential purchase following the evaluation, the company said.The second purchase order is from a new single-site US customer. The instrument under the second order has been shipped and is also due to be installed in June.Clever Culture said the volume of active global top-20 pharma customers deploying APAS increased in fiscal year 2026 and is expected to grow further in fiscal year 2027.

ASX:CC5

Asia49d ago

Ore Resources Agrees to Acquire Additional Tenure at Western Australia Project

Ore Resources (ASX:OR3) signed an option agreement to acquire additional tenure at the Miriam project, part of its Coolgardie projects in Western Australia, according to a Thursday filing with the Australian bourse.The company agreed to acquire six tenements next to its current landholdings at the Miriam project, with an exclusive three-month option period for the payment of an upfront, non-refundable option fee of AU$50,000, the filing said.If the option is exercised, the company will pay AU$500,000 in the form of cash and scrip, with a six-month voluntary escrow period, per the filing.

ASX:OR3

Asia49d ago

Market Chatter: Panasonic Targets 10 Billion Yen in Sports Facilities Revenue in Fiscal 2027

Panasonic's (TYO:6752) unit, Panasonic Electric Works, aims to generate 10 billion yen in revenue from sports facilities in fiscal 2027, Nikkei Asia reported on Thursday, citing Panasonic Electric President Katsufumi Miyamoto.The target comes as the unit expects stadiums and arenas to be a new growth area as its traditional markets decline, the report said.The company has already supplied signage and lighting for Toyota Arena Tokyo and Es Con Field, and converted Hanshin Koshien Stadium to LED technology, the news agency said.The subsidiary is actively pursuing more than 10 arena projects, with a single venue potentially bringing in "hundreds of millions of yen," the publication said, citing a source.The subsidiary generated 1.16 trillion yen in sales in fiscal 2025, accounting for 14% of Panasonic Holdings' total revenue, while maintaining its top domestic market share in wiring devices and residential lighting, its founding businesses.(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.)

TYO:6752

Asia49d ago

Nova Minerals Plans Up to 10,000 Meters of Drilling at Alaska Gold-Critical Minerals Project

Nova Minerals (ASX:NVA) will advance its Estelle gold-critical minerals project in Alaska to pre-feasibility study stage as it plans a drilling program of up to 10,000 meters for 2026, with up to three diamond core rigs to be deployed, according to a Thursday Australian bourse filing.Pilot-scale antimony production is on track for first production in late 2026 to early 2027, the filing said. The company's first lab-scale antimony metal and military-grade antimony trisulfide samples derived from Estelle ore are in the final stages of preparation.The company plans to conduct a multi-element surface exploration program across the project, comprising reconnaissance and prospect scale sampling, excavation of outcropping stibnite ore vein material, detailed mapping of key target areas, and soil grid surveys.Nova Minerals' shares rose past 1% in recent Thursday trade.

ASX:NVA

Asia49d ago

Sunshine Metals Raises Nearly AU$8 Million in Oversubscribed Share Purchase Plan

Sunshine Metals' (ASX:SHN) share purchase plan received total applications amounting to nearly AU$7.7 million, exceeding its AU$3 million target, according to a Thursday filing with the Australian bourse.The board elected not to scale back participation and will issue almost 285 million new shares to all eligible applicants, expected to be completed on Thursday, the filing said.Proceeds from the share purchase plan and recent AU$19 million placement will fund the upfront consideration for the Mt Moss acquisition, along with the Liontown mine start-up in Queensland, exploration and resource development, and working capital, per the filing.

ASX:SHN

Asia49d ago

Market Chatter: Sojitz Targets $6 Billion in Public Sector Bids Via Newly Acquired Capella Capital

Sojitz (TYO:2768) plans to bid for public sector projects worth over $6 billion in Australia as part of a bold push into new markets, Nikkei reported on Thursday, citing Sojitz executive Takefumi Nishikawa.The group, via newly acquired Capella Capital Partnership, is eyeing projects including a 1.8 trillion yen power transmission, a 230 billion yen hospital, and stadium construction for the 2032 Brisbane Olympics, the publication said.The trading house acquired Capella Capital Partnership last June and the Australian infrastructure developer has since won more than half of its bids since 2009, the news agency said.Capella operates as a tier 1 contractor in Australia, managing everything from project financing to asset management for large-scale public-private partnerships, including hospitals and housing developments, the report said.Nishikawa, who is the chief operating officer of Sojitz's energy solutions and public infrastructure division, said the acquisition will boost profitability by allowing the firm to deal directly with clients rather than serving as a tier 2 supplier, 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.)

TYO:2768

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