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Medi Lifestyle's Loss Shrinks 21% in Q1; Shares Plunge 10%

Med Lifestyle (SGX:Z4D) narrowed its attributable loss to owners by 21% in the first quarter of the year to 699,000 ringgit from 881,000 ringgit a year earlier, according to a Monday filing with the Singapore Exchange.Shares of the health services company slumped over 10% in late-morning trade on Tuesday.Loss per share came in at 0.0018 ringgit compared with 0.0054 ringgit in the year-ago period.Revenue dropped 93% year over year to 251,000 ringgit from 3.3 million ringgit.

SGX:Z4D

Asia53d ago

Shanghai INT Medical Wins China Nod for H-Share Full Circulation Proposal

Shanghai INT Medical Instruments (HKG:1501) received a filing notice from the China Securities Regulatory Commission for its Hong Kong share full circulation application, according to a Monday Hong Kong bourse filing.Shares of the medical device maker were down nearly 2% in Tuesday morning trade.The filing covers the conversion of about 71.8 million domestic shares held by 12 shareholders into Hong Kong-listed shares.The company has 12 months from the date of the notice to complete the conversion and listing procedures, subject to approvals from the Hong Kong Exchange and other relevant regulators.Details of the conversion and listing plan have not yet been finalized.

HKG:1501

Asia53d ago

Jiangsu Broadcasting Cable to Buy Stake in Changshu Rural Commercial Bank for 900 Million Yuan

Jiangsu Broadcasting Cable Information Network (SHA:600959) plans to acquire up to 3.5% of Jiangsu Changshu Rural Commercial Bank for 900 million yuan, according to a Shanghai bourse filing on Tuesday.The media company will acquire the stake through public market transactions, such as auction and block trading.Jiangsu Broadcasting Cable's shares slipped 1% during the morning trade.

SHA:600959

Asia53d ago

OCBC Prices EUR500 Million Bonds Due 2029

Oversea-Chinese Banking Corp. or OCBC (SGX:O39) priced 500 million euros worth of 2.989% fixed rate covered bonds due in 2029, according to a Tuesday filing with the Singapore Exchange.The bonds are drawn from the bank's $10 billion global covered bond program, with net proceeds to be used for general corporate purposes.The bonds are expected to be rated Aaa by Moody's and AAA by Fitch Ratings.Meanwhile, Red Sail will provide a guarantee for the payments of interest and principal.The bonds are expected to be listed on May 19, the filing said.

SGX:O39

Asia53d ago

Mithril Resources Identifies Gold, Silver Mineralization at Mexico Project; Shares Up 8%

Mithril Resources (ASX:MTH) reported continued drilling progress at its Copalquin Silver-Gold Project in Mexico, according to a Tuesday Australia bourse filing.The results were up to 9.7 meters at 7 grams per tonne gold and 370 grams per tonne silver from 271.4 meters.Expansion drilling continues ahead of an updated mineral resource estimate planned for late June 2026, with district target generation work, including mapping, sampling, aerial magnetic survey interpretation, and structural study, preceding drill testing as part of a 25,000-meter program for the year, the filing added.The company's shares rose nearly 8% in recent Tuesday trade.

ASX:MTH

Asia53d ago

CGN Power Begins Construction of Huizhou Unit 4

CGN Power (SHE:003816, HKG:1816) started the full construction of its Huizhou Unit 4, with the first concrete pour for the nuclear reactor main building completed on May 10.The unit, with an installed capacity of 1,209 megawatts, is now in the civil construction phase, according to a Tuesday filing with the Shenzhen bourse.Shares of the power supplier rose 1% in recent trade on the Shenzhen and Hong Kong bourses.

HKG:1816SHE:003816

Asia53d ago

Zheneng Jinjiang Environment Says No Deal Reached Yet as Talks Over Potential Share Transaction Continue

Zheneng Jinjiang Environment (SGX:BWM) provided another status update on ongoing discussions regarding a potential transaction involving the company's shares.The waste-to-energy operator said confidential negotiations are still in process, and that no decisions have been made and no agreements have been signed at this stage, according to a Singapore Exchange filing on Tuesday.The talks began earlier this year.

SGX:BWM

Asia53d ago

La Trobe Private Credit Fund to Not Proceed With June Quarter Buy-Back

La Trobe Private Credit Fund (ASX:LF1) confirmed that it will not proceed with an off-market buy-back for the June quarter upon reaching the maximum allowable buy-back limit, according to a Tuesday filing with the Australian bourse.It is not in the interests of unitholders to seek approval for the buy-back due to the costs to be incurred by the fund, the filing said.The restriction is anticipated to prevent a buy-back only for the current quarter, per the filing.

ASX:LF1

Asia53d ago

NBTM Plans to Build New Plant for 1.10 Billion Yuan

NBTM New Materials (SHA:600114) proposed to construct a new technology plant in Yinzhou District, Ningbo City, China, for 1.10 billion yuan, according to a Shanghai bourse filing on Tuesday.The project will be constructed in phases over five years.The board of directors approved the proposal.

SHA:600114

Asia53d ago

CHK Oil Extends Aral Petroleum MOU on Kazakhstan Oilfields

CHK Oil (HKG:0632) extended its memorandum of understanding with Aral Petroleum Capital by six months to Nov. 11 to allow more time for due diligence and negotiations, according to a Monday filing with the Hong Kong bourse.Shares of the oil company were down over 2% in Tuesday morning trade.The latest move follows an earlier three-month extension granted in February, which had extended the memorandum to May 9.The memorandum was originally signed in November 2025, when CHK Oil's wholly owned unit agreed with Aral Petroleum to consider potential cooperation in oil exploration and production projects in Kazakhstan.The proposed tie-up covers oilfields in Kazakhstan's Aktobe region and may include the introduction of advanced technologies for oilfield exploration, production, and operations.

HKG:0632

Asia53d ago

Jetmall Spices and Masala Changes Name to Artemis ADR Marketplace

Jetmall Spices and Masala (BOM:543286) has changed the company's name to Artemis ADR Marketplace, with effect from Monday, according to a Tuesday filing to the Indian stock exchanges.The name has been changed after receiving approval from the Registrar of Companies under the Ministry of Corporate Affairs, Government of India.

BOM:543286

Wire53d ago

Alcoa to Invest $65 Million in Norway Aluminum Smelter to Include Recycled Content in Casting Process; Shares Up 4%

Alcoa (ASX:AAI) will invest $65 million to expand foundry production capabilities to include recycled content in the casting process at its Mosjøen aluminum smelter in Norway, according to a Tuesday statement from the company.The investment will expand and upgrade the Mosjøen casthouse, increasing production capacity by up to 75,000 metric tons.The project is expected to be completed in phases, with commissioning and ramp-up scheduled to progress throughout 2028, the company said.Alcoa's shares climbed 4% in recent trading on Tuesday.

ASX:AAI

Asia53d ago

Market Chatter: Samsung Electronics Union Open to Dodge Strike in Compensation Row

The head of Samsung Electronics' (KRX:005930) largest labor union, Choi Seung-ho, said a planned strike may be preventable if management improves transparency around compensation, citing growing distrust among employees and concerns over talent leaving for competitors, Nikkei Asia reported Tuesday.Cho criticized the company's discretionary bonus adjustment system as "opaque."Talks between the 70,000-member-strong union and management have resumed under the mediation of the Central Labor Relations Commission under South Korea's Ministry of Employment and Labor, the report said.The government's intervention suggests its concern about the possible economic impact of a strike at one of the country's key exporters, the report said.The union has warned of an extended strike if negotiations fail and is pushing to remove caps on bonuses tied to company performance. Bonuses are limited to 50% of annual pay under the current system, but the union is seeking a revised scheme that would allot up to 15% of each division's operating profit with no upper limit, it said.Shares of Samsung Electronics fell over 2% in recent trade.(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:005930

Asia53d ago

Metcash's Lack Of Hardware Leg-Down in Wake of Middle East Conflict 'Reassuring,' Jefferies Says

Metcash's (ASX:MTS) liquor margin rebound was the highlight of its trading update, and the lack of hardware segment leg-down since the start of the conflict in the Middle East is "reassuring," Jefferies said in a note on Monday.The hardware and tools segment saw revenue growth accelerate to 6.2% in the fiscal second half from 2.5% in the fiscal first half.The management has proven disciplined on cost and cash flow. Its fiscal year 2026 net profit after tax of AU$268 million to AU$270 million is broadly in line with consensus at AU$268 million. No material impact is expected in the year from higher freight or product costs.The investment firm upgraded Metcash to a buy from hold and increased the price target to AU$3.50 per share from AU$3.45 per share.

ASX:MTS

Asia53d ago

Guangdong Zhongsheng Pharmaceutical Gets Marketing Approval for Genital Wart API

Guangdong Zhongsheng Pharmaceutical (SHE:002317) obtained marketing approval for active pharmaceutical ingredient aminolevulinic acid hydrochloride from China's drug administrator.The API is used in preparations treating genital warts, according to a Tuesday filing with the Shenzhen bourse.Shares of the pharmaceutical company were down 3% in recent trade.

SHE:002317

Asia53d ago

Poly Developments and Holdings Wins Real Estate Project Worth 695 Million Yuan

Poly Developments and Holdings (SHA:600048) acquired one real estate project for 694.8 million yuan through bidding, according to Tuesday disclosure on the Shanghai bourse.The residential land parcel is located in Houjie Town, Dongguan City, China and has a land area of 43,411 square meters.

SHA:600048

Asia53d ago

SIA Engineering Reports Higher Profit in Fiscal H2

SIA Engineering's (SGX:S59) profit attributable to owners rose to SG$85.6 million in the fiscal second half ended March 31 from SG$70.8 million a year earlier, according to a Tuesday filing with the Singapore Exchange.Earnings per share came in at SG$0.0762 compared with SG$0.0630 in the year-ago period.Revenue climbed year over year to SG$693.9 million from SG$668.9 million, backed by higher flight volumes and an increase in maintenance activity.The board recommended a final dividend of SG$0.085 per share for the period, which will be paid on Aug. 14.For fiscal 2026, the total dividend payout will be SG$0.11 per share, up from SG$0.09 per share a year earlier.Shares of the aircraft maintenance, repair and overhaul firm were up over 2% in Tuesday trading.

SGX:S59

Asia53d ago

Lopal Tech Unit Attracts 440 Million Yuan Investment for Production Facility; Shares Down 3%

Jiangsu Lopal Tech (SHA:603906, HKG:2465) said its non-wholly owned subsidiary Changzhou Liyuan attracted a 440 million yuan investment, diluting its stake in the business, according to a Monday filing with the Hong Kong bourse.Shares of the automotive specialty chemicals company fell nearly 2% in Hong Kong and 3% in Shanghai Tuesday morning.Jinsha Industrial Investment will inject fresh capital in Changzhou Liyuan, a producer of lithium iron phosphate cathode materials, in exchange for 6.83% of the business.The transaction will dilute Lopal Tech's stake to 61.88% from 66.42%, although Changzhou Liyuan will remain a Lopal Tech subsidiary and will still be consolidated in its accounts, the firm said.The funds are earmarked for a 120,000-ton high-tap density lithium iron phosphate production base in Jintan, Jiangsu.

HKG:2465SHA:603906

Asia53d ago

China Power International Unit Secures 79 Million Yuan Dedusting Contract

China Power International Development's (HKG:2380) unit SPIC Yuanda Environmental Protection Engineering secured a contract worth 79.3 million yuan for the Baicheng coal-fired power project in Jilin province, according to a Monday Hong Kong bourse filing.Shares of the electric firm gained over 1% in morning trade on Tuesday.The unit will supply electrostatic precipitator-based dedusting equipment and related services for the 1,320-megawatt project.The contract includes equipment design, fabrication, installation, commissioning, and warranty services.

HKG:2380

Asia53d ago

CSL's Fiscal-Year Earnings Guidance Downgrade Not Surprising, Jefferies Says

CSL's (ASX:CSL) fiscal-year earnings guidance downgrade was not surprising with the documented issues in immunoglobulin in the US and albumin in China, Jefferies said in a Monday note.The biotechnology company now expects fiscal-year revenue of around $15.2 billion and net profit after tax adjusted to exclude amortization of around $3.1 billion, both on a constant-currency basis.The revision is mainly due to a $300 million hit from excess immunoglobulin inventory in US hospitals and a $200 million shortfall from aggressive albumin price competition in China.However, Jefferies believes that both markets remain underpenetrated, indicating potential growth for the industry in the medium term.Following the downgrade, Jefferies wants to see if the company can provide a clear profit growth outlook for fiscal years 2027 and 2028.The firm maintained its buy rating on CSL and lowered its price target to AU$195 from AU$212.CSL shares fell 2% in midday trade on Tuesday and earlier hit their lowest since October 2015.

ASX:CSL

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