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Shanghai Xizhi Technology Nets HK$364 Million From Full Exercise of Hong Kong IPO Over-Allotment Option

Shanghai Xizhi Technology (HKG:1879) said the overallotment option of its Hong Kong initial public offering was fully exercised on Monday, according to a same-day Hong Kong bourse filing.The optoelectronic computing company expects to receive additional net proceeds of about HK$363.9 million.The exercise involved the issue of 2.1 million additional shares at HK$183.20 each, representing about 15% of the total offer shares available under the global offering.Dealings in the over-allotment shares are expected to begin on May 14, the filing said.

HKG:1879

Asia53d ago

Greentown China to Conduct Offshore Debt Offering

Greentown China (HKG:3900) plans to conduct an offshore debt offering to refinance existing borrowings, according to a Tuesday filing with the Hong Kong bourse.The offering will be priced following a book-building exercise by Deutsche Bank, HSBC, Guotai Junan International, J.P. Morgan, Soochow Securities (Hong Kong), and UBS.The property developer's shares were up 2% in recent trade.

HKG:3900

Asia53d ago

CR Double-Crane Pharma Unit Obtains China Nod for Ezetimibe

China Resources Double-Crane Pharmaceutical (SHA:600062) unit CR Saike obtained drug registration from China's drug regulator for ezetimibe tablets.The drug is used to treat primary hypercholesterolemia, homozygous familial hypercholesterolaemia, and sitosterolemia, according to a Tuesday filing with the Shanghai bourse.Shares of the pharmaceutical company were down 1% in recent trade.

SHA:600062

Asia53d ago

TCL Electronics Places Cap on Sony's Put Option in Bravia JV

TCL Electronics (HKG:1070) placed a cap on the potential payout to Sony (TYO:6758) if the Japanese appliance giant decides to exit the Bravia joint venture, according to a Monday filing with the Hong Kong bourse.TCL's shares fell over 1%, while Sony's shares rose almost 3% in morning trade on Tuesday.The firm said it amended its previously announced JV agreement to cap Sony's put option to up to HK$4.9 billion.TCL Electronics recently announced it would purchase a majority stake in Sony's home entertainment operations for 75.4 billion yen. The purchase entails the creation of a new joint venture called Bravia Inc., in which TCL will hold 51% and Sony the remaining 49%.The TCL-Sony joint venture will start operations in April 2027.

HKG:1070TYO:6758

Asia53d ago

Life360 Posts 'Good' Q1 Result, Jefferies Says

Life360 (ASX:360) posted a "good" first-quarter result, driven by core subscription revenue, Jefferies said in a note.The technology company reported Tuesday first-quarter earnings of $0.03 per share, down from $0.05 a year earlier.Meanwhile, revenue for the three months ended March 31 was $143.1 million, with subscription strength and a step-up in advertising revenue after the Nativo platform acquisition, compared with $103.6 million a year earlier.Life360 raised its 2026 guidance, now expecting consolidated revenue of between $650 million and $685 million, up from the previous range of $640 million to $680 million, and adjusted earnings before interest, taxes, depreciation, and amortization of $130 million to $140 million, compared with prior guidance of $128 million to $138 million.Jefferies maintained its buy rating and AU$31 price target on Life360.Life360 shares fell 11% in afternoon trade Tuesday.

ASX:360

Asia53d ago

APT Medical Chair to Buy Up to 3 Million Yuan in Shares; Shares Up 3%

APT Medical (SHA:688617) said Chair Zhao Yuxiang plans to purchase between 2 million yuan and 3 million yuan worth of company shares between May 11 and May 31.Zhao currently holds no shares, according to a Tuesday filing with the Shanghai bourse.Shares of the medical device maker rose 3% in recent trade.

SHA:688617

Asia53d ago

Kawasaki Heavy Industries' Profit Jumps 23% in Fiscal Year 2025

Kawasaki Heavy Industries' (TYO:7012) profit attributable to owners of the parent rose 23% to 108.2 billion yen for the fiscal year 2025 from 88 billion yen a year earlier.The aerospace company's basic earnings per share increased to 129.41 yen from 105.08 yen a year ago, according to a Tokyo bourse filing on Tuesday.Revenue climbed 8.5% to 2.311 trillion yen for the year ended March 31 from 2.129 trillion yen in the prior year.In a separate disclosure, Kawasaki Heavy Industries raised its final dividend to 96 yen per share, from the initially planned 91 yen, payable from June 26.For the fiscal year ending 2026, the company expects attributable profit of 110 billion yen, basic EPS of 131.61 yen, and net sales of 2.560 trillion yen.Kawasaki Heavy Industries plans to pay interim and year-end dividends of 20 yen per share, each, for the year.

TYO:7012

Research53d ago

Research Alert: Pbr Q1: Record Production, Brent Pricing Lift Ebitda Growth

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Q1 saw record oil and gas production with net income of $6.2B, including $2.5B in one-offs, while adjusted net income of $4.5B declined 4.5% sequentially but rose 12.6% Y/Y. Adjusted EBITDA reached $11.7B, up 7.3% on higher Brent prices that averaged $80.61/bbl and increased domestic product sales, though sales remained flat at $23.5B despite production growth of 3.7%. The early startup of FPSO P-79 added 180,000 bbl/day capacity with three additional Buzios FPSOs scheduled for 2027, positioning the company for continued production growth. Management noted Q2 should prove far stronger as elevated prices from the Iranian war will be reflected in results. Operating cash flow totaled $8.4B, down 17.3% sequentially, while net debt increased to $62.1B with leverage at 1.43x remaining within target range. We expect the company to benefit from the ongoing export balance of 81,000 bbl/day expected in Q2 and continued oil price strength from Middle East geopolitical tensions.

$PBR

Asia53d ago

CJ Seafood Swings to Loss in Q1

CJ Seafood (KRX:011150) posted first-quarter net loss attributable to shareholders of 1.29 billion won, swinging from an attributable net income of 231 million won a year earlier, according to a Tuesday filing with the Korea Exchange.Sales of the processed meat and seafood company were up 4.6% year over year to 55 billion won from 52.5 billion won.Shares of CJ Seafood fell nearly 2% in recent trade.

KRX:011150

International53d ago

BRC: UK Retail Sales Decline 3.4% in April

Retail sales in the UK dropped 3.4% year over year on a like-for-like basis in April, against the 3.1% rise in the previous month, according to data from the British Retail Consortium published Tuesday.The reading, which missed market expectations of a 0.8% increase, marked the first fall in retail activity since November 2024.BRC attributed the contraction to the Easter shift and weak consumer confidence amid the Middle East conflict.

FTSE 100

Asia53d ago

CJ Cheiljedang's Net Income Surges 364% in Q1; Shares Decline 6%

CJ Cheiljedang (KRX:097950) posted first-quarter net income attributable to shareholders of 81.8 billion won, up 364% from 17.6 billion won a year earlier, according to a Friday filing with the Korea Exchange.The South Korean food product manufacturer's sales fell 1.4% year over year to 7.111 trillion won from 7.208 trillion won.Shares of CJ Cheiljedang fell nearly 6% in recent trade.

KRX:097950

Asia53d ago

Pacific Basin Shipping Grants 21 Million Share Awards Under Employee Incentive Scheme

Pacific Basin Shipping (HKG:2343) granted 21 million share awards under its 2025 share award scheme, according to a Monday Hong Kong bourse filing.Shares of the dry bulk vessel owner and operator gained over 1% in late-morning trade on Tuesday.The awarded shares represent about 0.4% of the company's issued share capital.The grants include awards to the chief executive officer, the chief financial officer, and other employees.Part of the awards are subject to performance targets tied to financial goals approved by the board, with vesting scheduled for July 2029.

HKG:2343

Asia53d ago

Amcor De-Risks Fiscal Q4 Despite Middle East Conflict, Jefferies Says

Amcor (ASX:AMC) largely de-risked its fiscal fourth quarter with free cash flow broadly in line despite the Middle East conflict, Jefferies said in a note on Monday.It only has around 5% resin sourcing exposure to the Middle East and seems to have managed inflationary impacts into the fourth quarter via resin pass-through mechanisms. Thus, minimal to no impact on operating earnings is expected from resin volatility, with management confident it can quickly recapture inflationary impacts.It guided down free cash flow to AU$1.5 billion to AU$1.6 billion from around AU$1.8 billion to AU$1.9 billion, noting temporary resin price impacts, while holding more inventory to ensure customer supply.The investment firm has a buy rating on Amcor while lowering its price target to AU$70.77 per share from AU$71.83 per share.

ASX:AMC

Asia53d ago

Poly Developments' Contracted Sales Rise 5% in April

Poly Developments and Holdings' (SHA:600048) contracted sales rose 5.3% year on year to 25.9 billion yuan in April, according to a Tuesday disclosure on the Shanghai bourse.The real estate company's contracted area dropped 7.9% year on year to 1.1 million square meters.

SHA:600048

Asia53d ago

OxPay Financial Boosts Investment in Subsidiary; Shares Surge 9%

OxPay Financial (SGX:TVV) increased investment in its subsidiary, Oxygen7, through the subscription of 349,000 shares at $1 per share, according to a Monday filing with the Singapore Exchange.Shares of the financial services company surged nearly 9% in Tuesday trading.The $350,000 investment in the unit is not expected to impact the company's earnings for 2026, the filing said.

SGX:TVV

Asia53d ago

Dabeinong Tech's Pig Sales Revenue Slips 5% in April

Beijing Dabeinong Technology's (SHE:002385) revenue from pig sales for April slipped 4.9% to 427 million yuan from a year earlier, according to a Shenzhen bourse filing on Tuesday.Sales volume jumped 54% year on year to 382,100 commercial fattened pigs, with average selling price set at 9 yuan per kilogram.Between January and April, the agricultural biotechnology company earned sales revenue worth 1.92 billion yuan after selling around 1.5 million commercial fattened pigs.

SHE:002385

Asia53d ago

Huaan Securities Raises 1.5 Billion Yuan Via 345-Day Note Issue

Huaan Securities (SHA:600909) raised 1.5 billion yuan via the issue of 345-day notes due April 21, 2027.The notes carry a coupon rate of 1.52%, according to a Tuesday filing with the Shanghai bourse.

SHA:600909

Asia53d ago

Namchow Food's Operating Revenue Drops 8% in April

Namchow Food Group (Shanghai)'s (SHA:605339) consolidated operating revenue for April dropped 8.2% year on year to 251.6 million yuan, according to a Shanghai bourse filing on Tuesday.

SHA:605339

International53d ago

Business Confidence in Australia Rises in April Despite Persistent Weakness, NAB Says

Business confidence in Australia rose 5 points to negative 24 in April, driven by partial recoveries in retail, construction, and recreation and personal services, although trend confidence remained strongly negative across all industries and regions, National Australia Bank (ASX:NAB) said in a Tuesday report.Business conditions fell by 3 points to 3 index points, marking a fourth straight monthly decline and remaining well below the long-run average, while employment declined, profitability remained flat, and trading conditions weakened.The April survey shows that the energy price shock is creating challenges for businesses, with rising cost pressures and a weakening outlook for future demand, said Gareth Spence, NAB head of Australian economics.Conditions declined across most industries, with slight improvements in manufacturing and retail, while by state, they rose by 12 points in Victoria but fell in all other regions.Capacity utilization fell to around 83%, its lowest level since July 2025, but still above its long-run average, while forward orders dropped by 4 points in April and capital expenditures fell by 8 points.Purchase costs rose to 4.5% on a quarterly equivalent basis, while labor costs edged up to 1.7%, product prices increased to 1.8%, and retail prices increased 3.2% to reach a multi-year high.

ASX 200ASX:NAB

Asia53d ago

Jiangsu Guofu Hydrogen Wins China Nod for H-Share Full Circulation

Jiangsu Guofu Hydrogen Energy Equipment (HKG:2582) received a filing notice from the China Securities Regulatory Commission for its proposed Hong Kong share full circulation plan, according to a Monday Hong Kong bourse filing.The hydrogen energy equipment provider's shares gained nearly 1% in morning trade on Tuesday.The filing covers the conversion of about 18.4 million domestic shares held by 22 shareholders into Hong Kong-listed shares, representing about 14.5% of the company's total issued share capital.Details of the conversion and listing plan have not yet been finalized, while the proposal remains subject to approvals from the Hong Kong Stock Exchange and other regulators.

HKG:2582

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