Financial News · Live Terminal

Page 1470 of 2548

HSBC Plans $1.5 Billion Perpetual Contingent Convertible Securities Issue

HSBC (HKG:0005) plans to issue $1.5 billion of 6.75% perpetual subordinated contingent convertible securities due in 2033, according to a Tuesday Hong Kong bourse filing.The securities are expected to be issued on May 18 and listed on Euronext Dublin's Global Exchange Market, the filing said.Net proceeds are expected to be about $1.49 billion after commissions, with funds to be used for general corporate purposes and to maintain or further strengthen its capital base.The securities will carry an initial interest rate of 6.75% per annum until May 2033, after which the rate will reset every five years.

HKG:0005

Asia53d ago

Treasury Wine Estates Says JPMorgan Chase Ceases to Be a Substantial Holder; Shares Fall 3%

Treasury Wine Estates (ASX:TWE) said that JPMorgan Chase and its affiliates ceased to be substantial holders of the firm as of May 7, according to a Tuesday Australian bourse filing.Its shares fell 3% in recent trading on Tuesday.

ASX:TWE

Asia53d ago

Market Chatter: Hong Kong Banks Step Up Collateral Sales, Liquidations to Cut Bad Debt

Hong Kong banks are stepping up efforts to clean up a growing pile of bad loans, with special asset bankers increasingly turning to tougher recovery measures such as collateral sales and borrower liquidations, Bloomberg News reported Monday.The city's distressed loan ratio has climbed to a two-decade high as soured debt reached about HK$200 billion, driven largely by losses tied to Hong Kong commercial real estate, the report said.At least six lenders have expanded their special asset or recovery teams, including Bank of East Asia (HKG:0023), United Overseas Bank's (SGX:U11) Hong Kong branch, Bank of China (Hong Kong) (HKG:3988), and Hang Seng Bank, according to people familiar with the matter cited by Bloomberg.The banks are reportedly seeking to accelerate loss recovery and free up capital for fresh lending as broader economic conditions improve.(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.)

Hang SengHKG:0023HKG:3988SGX:U11

Asia53d ago

Everwin Precision Tech Applies for Hong Kong Listing

Shenzhen Everwin Precision Technology (SHE:300115) applied for the offering and listing of shares on the Hong Kong Stock Exchange, according to a Shenzhen bourse filing on Tuesday.

SHE:300115

Asia53d ago

Beijing Sports and Entertainment Agrees to HK$20 Million Share Sale

Beijing Sports and Entertainment Industry Group (HKG:1803) agreed to sell shares representing nearly 17% of the business to an investor identified as Liu Hai, according to a Tuesday filing with the Hong Kong bourse.The firm will issue 281.6 million shares priced at HK$0.073 each for HK$20.6 million in gross proceeds.The shares represent 20% of the company's issued share capital and 16.67% as enlarged by the sale.Net proceeds of HK$20.5 million from the share sale will be used for the company's existing money lending business and to expand its presence overseas.

HKG:1803

Asia53d ago

Digiwin Software Applies for Hong Kong Listing

Digiwin Software (SHE:300378) applied for the offering and listing of shares on the Hong Kong Stock Exchange, according to a Shenzhen bourse filing on Tuesday.

SHE:300378

Asia53d ago

EBR Systems Reports $2.4 Million Revenue In March Quarter, Shares Fall 5%

EBR Systems (ASX:EBR) reported March quarter revenue of $2.4 million, compared to $935,000 in the previous quarter, according to a Monday Australian bourse filing.Its WiSE heart pacing system was implanted in 41 commercial patients during the three months, increasing total commercial implants across the pilot phase and limited market release to 71.It signed an additional 16 purchase agreements with target centres during the quarter, adding to the 21 signed in previous quarters.Its shares fell 5% in recent trading on Tuesday.

ASX:EBR

Asia53d ago

Time Interconnect Technology to Raise HK$2.9 Billion via Share Placement

Time Interconnect Technology (HKG:1729) agreed to place 138.1 million new shares at HK$21 each, raising net proceeds of about HK$2.88 billion, according to a Tuesday Hong Kong bourse filing.The placing price represents a discount of about 13.6% to the last closing price and about 5.9% to the five-day average.The new shares account for about 6.6% of the company's existing issued share capital.Time Interconnect plans to use the proceeds for global business development and overseas expansion, for repayment of bank borrowings and balance sheet enhancement, and for strategic investments and acquisitions.The company expects to place the shares with at least six independent investors under its general mandate, with no shareholder approval required.

HKG:1729

Asia53d ago

UISEE Technologies Launches Up to HK$872 Million Hong Kong IPO

UISEE Technologies (HKG:1511) launched its Hong Kong initial public offering on Tuesday, seeking to raise about HK$872 million from the deal.The China-based autonomous driving company is offering 14.5 million shares at HK$60.30 each, according to a Hong Kong bourse filing.The offering comprises 723,100 shares for Hong Kong investors and 13.7 million shares for international investors, subject to reallocation and the offer size adjustment option.Allocation results are due by May 19, ahead of the company's planned trading debut on May 20.Net proceeds will be used mainly to enhance research and development capabilities and strengthen solution offerings.The funds will also be used for domestic and overseas business expansion, commercialization efforts, strategic investments, and working capital and general corporate purposes.CITIC Securities (Hong Kong) is acting as the sole sponsor, while CLSA is serving as sponsor-overall coordinator.CLSA, BOCOM International Securities, DBS Asia Capital, and China Galaxy International Securities (Hong Kong) are acting as overall coordinators, joint global coordinators, joint bookrunners, and joint lead managers, alongside Hong Tai Securities.Futu Securities International (Hong Kong), CEB International Capital, uSmart Securities, CNCB (Hong Kong) Capital, Quam Securities, Lego Securities, Patrons Securities, and SBI China Capital Financial Services are acting as joint bookrunners and joint lead managers.

HKG:1511

Asia53d ago

Medipal Launches Tender Offer for Paltac

MediPal Holdings (TYO:7459) has launched a tender offer to acquire full ownership of Paltac (TYO:8283), aiming to make the company a wholly owned subsidiary, according to a Tuesday filing on the Tokyo Stock Exchange.The offer price is set at 6,650 yen per share, with the purchase period running from May 12 to July 7. The deal does not include a maximum acquisition limit, but sets a minimum threshold of 8.68 million shares to proceed.Medipal, which already holds about 52.4% of Paltac, said the transaction is intended to consolidate ownership and strengthen group-wide distribution capabilities across pharmaceuticals, cosmetics and daily goods.Paltac's board has expressed support for the offer and recommended that shareholders tender their shares.If completed, Medipal plans to carry out a squeeze-out process to acquire the remaining shares and delist Paltac, making it fully owned by the group. The company said it intends to finance the transaction through bank loans.

TYO:7459TYO:8283

Asia53d ago

Market Chatter: NEC Plans JPY100 Billion Undersea Cable Investment to Lift Global Share

NEC (TYO:6701) plans to invest over 100 billion yen over five years to expand its undersea cable business and raise its global market share from just over 20% to nearly 40%, Nikkei reported Tuesday.The strategy includes upgrades at its subsidiary OCC Corporation, which runs Japan's only submarine cable plant in Kyushu and is currently operating at about half capacity despite expected demand growth from AI infrastructure, according to the report.NEC is also investing in multicore fiber technology to boost data capacity, alongside spending on new cable-laying vessels to reduce reliance on chartered ships and improve execution speed, the report said.The global submarine cable market remains dominated by Alcatel Submarine Networks, SubCom and NEC, though China's HMN Tech is gaining share, 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.)

TYO:6701

Asia53d ago

Market Chatter: Canon to Close Printer Plant in Philippines as Demand Weakens

Canon (TYO:7751) will shut its laser printer factory in the Philippines in June as declining global demand for office printers weighs on the business, Nikkei reported Tuesday.The plant near Manila, operational since 2013, employs about 1,400 people. Canon said workers affected by the closure will receive compensation and support for re-employment, according to the report.The move will end Canon's manufacturing presence in the Philippines. The company said it does not plan to transfer the factory's production elsewhere, citing limited prospects for recovery in the laser printer market, the report said.Canon has been streamlining printer operations as paperless work trends accelerate and competition from Chinese manufacturers grows. The company closed a printer facility in China last year as part of the restructuring, according to the report.In its current business plan, Canon said it aims to consolidate overseas printer production sites by 2028, including reducing workforce levels and factory space, the report said.(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:7751

Asia53d ago

Bhagwan Marine Flags Delays to Certain Spot, Short-Term Projects; Shares Reach All-Time Low

Bhagwan Marine (ASX:BWN) flagged delays to the award and start of certain spot and short-term projects due to the effects of the conflict in the Middle East, according to a Tuesday Australian bourse filing.It now expects fiscal year 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) in the range of AU$38.5 million to AU$40.5 million, excluding contributions from Riverside Marine and acquisition costs.Bhagwan's consolidated fiscal year 2026 EBITDA is expected to be in the range of AU$44.5 million to AU$46.5 million, excluding Riverside Marine acquisition costs.Riverside Marine's charter business, Riverside Oceanic, also experienced similar delays, while Bhagwan Marine's towage and industrial sands operations are tracking at or ahead of expectations.Its shares fell 25% in recent trading on Tuesday, reaching their lowest-ever point.

ASX:BWN

Asia53d ago

Sony Music Publishing to Buy Recognition Music Catalog in Major Rights Deal

Sony Group's (TYO:6758) Sony Music Publishing agreed to acquire the full music rights catalog of Recognition Music Group from funds managed by Blackstone, in a transaction tied to a broader investment venture with GIC, according to a Monday company statement.Financial terms of the deal were not disclosed. Bloomberg reported last week, citing people familiar with the matter, that the deal could be worth $3.5 billion to $4 billion.The portfolio includes more than 45,000 songs spanning major global hits such as "Don't Stop Believin'," "Under the Bridge," "Go Your Own Way," "Bad Romance," and "Umbrella," among others.Sony said the acquisition aligns with its strategy to expand ownership of high-value music rights across genres and markets. The deal builds on a recently launched partnership between Sony Music Group and GIC, focusing on the acquisition and development of premium music catalogs.

TYO:6758

US Markets53d ago

Japan Household Spending Falls for Fourth Month Despite Rising Wages

Japanese households cut back on spending in March, even as wages continued to strengthen, highlighting a widening gap between income gains and consumption, according to government data released Tuesday.Average monthly consumption spending for two-or-more-person households stood at 334,701 yen, marking a 1.3% decline in nominal terms and a 2.9% drop after adjusting for inflation compared with a year earlier. The decline extended a run of contractions to a fourth consecutive month.On a seasonally adjusted monthly basis, spending fell 1.3%, compared with expectations for a modest increase, suggesting households remained cautious in the face of lingering cost pressures and weak recovery in discretionary demand.The spending weakness contrasts with a firmer income picture. Average monthly income for workers' households rose to 557,663 yen, up 6.4% in nominal terms and 4.7% in real terms from a year earlier. The data point to steady wage momentum supported by recent spring labor negotiations, where pay hikes exceeded 5% for a third straight year.Real wages, a key measure of purchasing power, increased 1% in March, extending gains for a third consecutive month. While that was slower than the revised 2% rise in February, it still marked a continuation of recovery in household earnings after a prolonged period of decline.The mix of rising wages and weak spending is likely to be closely monitored by the Bank of Japan, which is weighing whether to raise interest rates at its June policy meeting. Policymakers have emphasized that sustained wage growth alongside stable inflation is a key condition for further tightening.Nominal pay rose 2.7% to 317,254 yen, while consumer inflation used in wage calculations remained at 1.6%, staying below the central bank's 2% target for a third month. Base salaries continued to grow at a pace above 3%, though bonus payments fell after a strong prior month.

Nikkei 225

Asia53d ago

Market Chatter: Japan Property Developers Flag Possible Condo Handover Delays

Major Japanese developers are warning condominium buyers about possible construction delays as supply disruptions linked to the Middle East conflict tighten availability of building materials, Nikkei reported Tuesday.Mitsui Fudosan (TYO:8801) unit Mitsui Fudosan Residential has informed customers in several projects, including a Tokyo high-rise complex with about 2,000 units, that handover schedules and some materials could change because of supply uncertainty. The company said no delays have occurred so far, according to the report.The closure of the Strait of Hormuz has disrupted supplies of petrochemical-based materials such as insulation, paint and water pipes, pushing up costs and limiting orders, the report said.Tokyu Fudosan (TYO:3289) said it is also alerting buyers to possible changes in delivery schedules as supply-chain disruptions and higher material costs persist, according to the report.Mitsubishi Estate (TYO:8802) unit Mitsubishi Estate Residence and Tokyo Tatemono (TYO:8804) have issued similar notices, while Nomura Real Estate (TYO:3231) unit Nomura Real Estate Development said it would notify customers if delays become likely, the report said.(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.)

Nikkei 225TYO:3231TYO:3289TYO:8801TYO:8802TYO:8804

Asia53d ago

EDU Holdings Q1 Revenue Increases YOY, Shares Jump 11%

EDU Holdings (ASX:EDU) said its revenue for the first quarter came in at AU$25.3 million, up from AU$18 million in the same quarter in the prior year, according to a Tuesday Australian bourse filing.Its earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter ended March 31 came in at AU$7.3 million, also up from the prior corresponding period EBITDA of AU$5.4 million. Its net profit after tax came in at AU$3.9 million, up year-over-year from AU$2.9 million.It expects revenue, EBITDA, and net profit after tax for the year to be up from 2025.Its shares jumped 11% in recent trading on Tuesday.

ASX:EDU

Asia53d ago

Market Chatter: Honda, Toyota China Sales Fall as Local EV Competition Intensifies

Honda Motor (TYO:7267) and Toyota Motor (TYO:7203) reported sharp sales declines in China in April as domestic competition intensified and weaker consumer demand weighed on the market, Nikkei reported Tuesday.Honda's China sales fell 48% from a year earlier to 22,595 vehicles, with demand slowing for core models including the Accord. Sales at its joint venture with Guangzhou Automobile Group dropped 64%, while deliveries at its venture with Dongfeng Motor Group fell 31%, according to the report.Honda said slower model updates hurt performance as Chinese brands and rivals accelerated new vehicle launches, the report said.Toyota's April sales in China declined 25% to 106,500 vehicles. The company said higher gasoline prices weakened demand for combustion-engine cars, while some consumers delayed purchases ahead of May Day promotions, according to the report.Sales at FAW Toyota fell 38%, while GAC Toyota posted a 10% decline. Deliveries for Toyota's Lexus marque dropped 29%. In contrast, Toyota's EV sales in China jumped 88% to 17,700 units. For the first four months of the year, Honda's China sales fell 28%, while Toyota recorded a 10% decline, the report said.China's overall vehicle sales dropped 20% during the period, according to the China Association of Automobile Manufacturers, amid weak domestic demand and reduced tax incentives for electric and new-energy vehicles, 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.)

TYO:7203TYO:7267

Asia53d ago

Market Chatter: Panasonic Holds Off on Mass Production of New Tesla Battery

Panasonic (TYO:6752) has delayed mass production of its new 4680 electric-vehicle battery again as it awaits approval from a major customer, Nikkei reported Tuesday, citing people familiar with the matter.Its battery unit, Panasonic Energy, had targeted commercial production by the end of March after saying last year that it was waiting for final customer feedback. The approval has yet to come, according to the report.The 4680 cylindrical lithium-ion battery, designed to offer higher capacity and longer driving range with fewer cells, was expected to play a central role in Panasonic's EV growth strategy. The company installed two production lines at its Wakayama factory and held an opening ceremony for the site in September, the report said.Panasonic Energy has an agreement to supply the battery to Tesla and has been seeking additional automaker clients, 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.)

TYO:6752

Asia53d ago

True North Copper Completes Drilling Program at Queensland Copper Project, Shares Jump 4%

True North Copper (ASX:TNC) completed 3,500 meters of reverse circulation drilling and 2,300 meters of diamond drilling at the Cloncurry copper project in Queensland, according to a Tuesday Australian bourse filing.Follow-up drilling at Wallace North tested recently defined high-priority electromagnetic and induced polarization survey targets with potential to extend mineralization beyond the current resource and increase mine life.It plans to complete the metallurgical and geotechnical test work programs through to September to support future mine planning, reserve conversion, and development studies.Shares rose 4% in recent trading on Tuesday.

ASX:TNC

Showing 29381-29400 of 50958

US Markets53d ago

Japan Household Spending Falls for Fourth Month Despite Rising Wages

Nikkei 225