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Victory Giant Technology Jumps 57% in Hong Kong Trading Debut

Victory Giant Technology's (HKG:2476; SHE:300476) shares opened 57.2% above their initial public offering price in a stellar Hong Kong debut on Tuesday morning.The China-based printed circuit board manufacturer opened at HK$330.00 per share, well above the offer price of HK$209.88.

HKG:2476SHE:300476

Asia55d ago

South Korean Shares Open Higher on Hopes of Iran Talks

South Korean shares opened sharply higher on Tuesday as signs that Iran may participate in the peace talks with the U.S. emerged.The benchmark Korea Composite Stock Price Index, or Kospi, rose 1.34%, or added 83.45 points, to open at 6,302.54. The Kosdaq also gained slightly to begin trading at 1,186.23.Iran is planning to send a delegation to the next stage of discussions with the U.S., according to various media reports, citing unnamed sources.However, tensions remained high after U.S. President Donald Trump said Monday that the naval blockade of Iranian ports will continue until a deal has been struck with Tehran. The naval blockade, which began a week ago, recently seized an Iranian-flagged cargo ship near the Strait of Hormuz.

^KOSDAQKOSPI

Asia55d ago

Talga Group Reports Record Anode Output at Sweden Project, Advances Financing Discussions

Talga Group (ASX:TLG) said its EVA plant in Sweden has achieved record anode volume output, driven by increased customer validation programs in the premium high-power battery sector, according to a Tuesday Australian bourse filing.The company said strong customer-backed support is feeding into financing efforts, with discussions progressing with multiple European states and funding agencies to secure non-dilutive capital for its Vittangi anode project.The company added that its front-end engineering design (FEED) study is advancing steadily as momentum rebuilds in graphite anode markets.The company's shares rose 2% in recent Tuesday trade.

ASX:TLG

Asia55d ago

Manuka Resources Starts Crushing, Screening Activities at New South Wales Project; Shares Up 5%

Manuka Resources (ASX:MKR, NZE:MKR) started crushing and screening activities at its Mt Boppy project in New South Wales ahead of the production restart at its Wonawinta processing facility, according to a Tuesday filing with the Australian bourse.Haulage to the processing facility is scheduled to start on April 22, the filing said.Commissioning and first production are slated for June, per the filing.Manuka Resources shares rose 5% in morning trade in Australia.

ASX:MKRNZE:MKR

Asia55d ago

Compumedics Sees Fiscal Year 2026 EBITDA of Up to AU$7 Million

Compumedics (ASX:CMP) said it expects fiscal year 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) of about AU$5.5 million to AU$7 million, according to a Tuesday Australian bourse filing.The company expects full fiscal year revenue of about AU$62 million to AU$65 million, representing growth of about 22% to 28% in fiscal year 2025.The company said liquidity has been strengthened with material magnetoencephalography (MEG) cash receipts in the fiscal third quarter and expanded working capital facilities providing AU$10 million to AU$11 million of available headroom.Revenue conversion has been impacted by timing factors, including MEG installation scheduling delays associated with conflict-related disruption in the Middle East affecting helium availability and pricing, as well as the deliberate prioritization of manufacturing readiness for Somfit D ahead of its full commercial rollout, the filing added.The company's shares rose 1% in recent Tuesday trade.

ASX:CMP

Asia55d ago

Market Chatter: Japan Sets 1 Trillion Yen Recycling Push to Secure Critical Minerals

Japan is preparing a 1 trillion yen program to expand recycling of critical minerals and plastics, aiming to reduce reliance on imports and steady supply chains, Nikkei reported Tuesday.The plan combines subsidies with financing from the Japan Green Investment Corp. for Carbon Neutrality and potential green transformation bonds, alongside investment in AI-driven sorting to improve efficiency, according to the report.By 2030, the government wants recycled sources to account for 40% of aluminum supply and 30% of materials used in permanent magnets. It also targets capacity to convert about 2 million metric tons of iron scrap each year into high-grade steel, the report said.Rules will be phased in through fiscal 2028 to require higher use of recycled plastics in products such as bottles, according to the report.Japan also plans to deepen links with the Association of Southeast Asian Nations, importing e-waste like circuit boards for processing at home, while supporting regulatory frameworks in the region and tightening approvals for exports that risk pollution, 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 225

Asia55d ago

West African Resources Confirms State Entity's 25% Stake Acquisition in Burkina Faso Operations

West African Resources (ASX:WAF) said it will work cooperatively with the Government of Burkina Faso after a decree authorized the state entity Societe de Participation Miniere du Burkina Faso to acquire a 25% interest in Kiaka gold operations, valued at about AU$175 million, according to a Tuesday filing with the Australian bourse.The decree assigns implementation responsibilities to the relevant government ministries, and the company plans to work with the authorities to complete the transaction by the end of the year, per the filing.The company plans to return proceeds from the sale to shareholders via a special dividend, the filing added.The company's shares fell 2% in recent Tuesday trade.

ASX:WAF

Asia55d ago

Sunmi Technology Launches Up to HK$1.1 Billion Hong Kong IPO

Sunmi Technology (HKG:6810) launched its Hong Kong initial public offering on Tuesday, seeking to raise about HK$1.06 billion from the deal.The China-based business IoT services provider is offering 42.6 million H-shares at an offer price of HK$24.86 per share, according to a Hong Kong bourse filing.The offering comprises 4.3 million shares for Hong Kong investors and 38.4 million shares for international investors, subject to reallocation.The allocation results will be disclosed April 28, ahead of the company's planned trading debut on April 29.Net proceeds will be used mainly for research and development of BIoT hardware and software, strengthening supply chain and manufacturing capabilities, and expanding global markets.The funds will also support AI-related development, platform upgrades, overseas production expansion, and working capital and general corporate purposes.Deutsche Securities Asia, CITIC Securities (Hong Kong), and ABCI Capital are acting as joint sponsors.Deutsche Bank, CLSA, ABCI Capital, and CMB International Capital are also acting as joint bookrunners, together with Shenwan Hongyuan Securities (H.K.) and Yue Xiu Securities.Other bookrunners include Yellow River Securities, Tiger Brokers (HK) Global, Futu Securities International (Hong Kong), Tianda Securities, Webull Securities, Yuen Meta (International) Securities, West Bull Securities, and Livermore.Deutsche Bank, CLSA, ABCI Securities, and CMB International Capital are acting as joint lead managers.

HKG:6810

Asia55d ago

Market Chatter: Japan to Back Biofuel Pilot in Mozambique, Ghana with 4 Billion Yen Funding

Japan's Ministry of Economy, Trade and Industry will provide 4 billion yen or $25.2 million in subsidies to support a large-scale marine biofuel pilot initiative in Mozambique and Ghana, according to a Nikkei report on Tuesday.The funding is aimed at covering startup costs until the project becomes profitable, with the dual objective of diversifying energy sources while aiding the environment and local farmers, the publication said.The initiative, led by Tokyo-based Nippon Biofuel, will cultivate jatropha. This hardy plant grows in poor soil and produces oil-rich seeds without straining food supplies, unlike corn or other biofuel crops, the news daily said.Fuel production facilities will be built in both countries, where local workers will be employed to handle all stages from cultivation to manufacturing, the report said.The resulting biofuel is expected to power domestic Japanese cargo vessels, Africa-bound freight ships, and commercial boats based in Singapore, offering a solution to multiple challenges, 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.)

Nikkei 225

Asia55d ago

Peel Mining Secures New South Wales Exploration License; Shares Up 7%

Peel Mining (ASX:PEX) secured exploration license EL9887, covering the newly identified Thunderstruck prospect in New South Wales, according to a Tuesday filing with the Australian bourse.The prospect was identified during a review of open-file geological data within the Cobar Basin, the filing said.The company is now aiming to fast-track drilling to test the target, subject to regulatory approval, per the filing.Shares rose 7% in morning trade on Tuesday.

ASX:PEX

Asia55d ago

Invictus Energy Secures Binding Commitments for AU$10 Million Placement; Shares Down 18%

Invictus Energy (ASX:IVZ) said it has secured binding commitments for a AU$10 million placement of about 166.7 million shares at an issue price of AU$0.06 each, according to a Tuesday filing with the Australian bourse.Settlement of the placement is expected on April 28, and the company plans to use the proceeds to finance further works at its 80%-owned Cabora Bassa oil and gas exploration project in northern Zimbabwe, per the filing.Shares of Invictus Energy were down 18% in recent Tuesday trade.

ASX:IVZ

Asia55d ago

Marmota Starts Drilling at South Australia Gold Deposit's Extension

Marmota (ASX:MEU) said a maiden drilling program started in the Mainwood zone, which is the South Australia-based Greenewood gold deposit's extension to the south, according to a Tuesday Australian bourse filing.Greenewood is part of the Golden Moon joint venture, in which Marmota has 90% ownership via its wholly-owned unit Half Moon.The company plans to drill a total of around 220 reverse circulation drill holes for around 20,000 meters.Marmota's shares were up nearly 2% in recent Tuesday trade.

ASX:MEU

Asia55d ago

Saturn Metals Sells West Wyalong Gold Project to Xpedra Resources for Cash, Shares

Saturn Metals (ASX:STN) said it has reached an agreement to sell its West Wyalong gold project joint venture interests and tenements in New South Wales to Xpedra Resources (ASX:XPD) for a combination of cash and shares, according to a Tuesday Australian bourse filing.The company said its 60% joint venture interest in EL8815 has been sold for AU$50,000 in cash and 27.5 million Xpedra shares, while its 100% interest in EL9168 has been sold for 2.5 million Xpedra shares, with all shares subject to escrow periods of three and six months.The transaction is consistent with Saturn's strategic focus on advancing its Apollo Hill gold project in Western Australia toward development, with a definitive feasibility study targeted for completion in the second half of the year, the filing added.The company's shares fell 2% in recent Tuesday trade.

ASX:STNASX:XPD

Asia55d ago

AIC Mines Unit Signs Asset Swap Deal With Cooper Metals; Shares Up 3%

AIC Mines' (ASX:A1M) Demetallica Gold Mines subsidiary signed an asset swap agreement with Cooper Metals (ASX:CPM) for the sale of the Pyramid project in exchange for the Oorindi project in Queensland, according to a Tuesday filing with the Australian bourse.Consideration involves the mutual transfer of all rights, title, and interests in the Pyramid and Oorindi projects, and the issue of 15 million shares in the capital of Cooper Metals to Demetallica Gold Mines, the filing said.The deal also includes a deferred consideration of AU$250,000, contingent upon reaching a JORC inferred resource of at least 250,000 ounces of gold at a grade greater than 1 gram per tonne within five years of completion, per the filing.AIC Mines shares rose more than 3% in morning trade on Tuesday, while Cooper Metals were up 20%.

ASX:A1MASX:CPM

Asia55d ago

Japanese Stocks Edge Up at Open on Hopes for US-Iran Talks Ahead of Ceasefire Deadline

Japanese shares gained on Tuesday's opening as indications that Iran might engage in discussions with the U.S. fueled slight optimism over progress in the Middle East, with a ceasefire deadline approaching.The Nikkei 225 rose by 206.6 points, or 0.4%, to begin trading at 59,031.51.U.S. President Donald Trump said he is unlikely to extend the truce with Iran unless an agreement is reached before its expiration on Wednesday evening, Washington time, according to various reports.Meanwhile, according to unnamed sources familiar with the matter, Iran is preparing to send a delegation to the upcoming round of talks, Bloomberg News reported on Tuesday.Market focus is now turning to whether the U.S. and Iran can resume negotiations in Pakistan to ease tensions and reopen the Strait of Hormuz, following an initial round in Islamabad that ended without a deal, the reports said.

Nikkei 225

Asia55d ago

Sunrise Energy Metals Reports AU$117 Million Cash, Notes Growing US Interest in Scandium Project; Shares Up 5%

Sunrise Energy Metals (ASX:SRL) said cash on hand stood at AU$117 million as of March 31, with material cash inflows during the quarter of about AU$71 million from capital raising and the exercise of unlisted options, according to a Tuesday Australian bourse filing.The company said recent engagement with US scandium users indicates growing interest in its Syerston Scandium Project as a strategic supplier of primary scandium, in response to tightening supply and a marked increase in imported scandium prices following China's export licensing restrictions on rare earth minerals, including scandium, in April and October 2025.Sunrise has also been included in the S&P/ASX All Ordinaries Index, the filing added.The company's shares rose past 5% in recent Tuesday trade.

ASX:SRL

Asia55d ago

Market Chatter: Japan Airlines, ANA to Raise Fuel Surcharge as Jet Fuel Costs Rise Amid Iran War

Japan's two largest airlines, Japan Airlines (TYO:9201) and ANA (TYO:9202), will implement fuel surcharge increases starting next month following a sharp rise in jet fuel costs triggered by the Iran war, Nikkei Asia reported on Tuesday.The carriers will adjust their pricing systems to raise the maximum surcharge, with new rates taking effect for international tickets purchased from May 1 onward, coinciding with Japan's Golden Week holiday period, the news agency said.Fuel surcharges, which are recalculated every two months based on kerosene prices, prompted the airline's decision after the average price from February to March reached $146.99 per barrel, the publication said.Japan Airlines will raise its surcharge for flights from Japan to Europe or North America by 93% to 56,000 yen, while flights to South Korea will more than double to 6,500 yen, the report said.Similarly, ANA will increase its cap on the surcharge, raising flights to North America and Europe from 31,900 yen to 56,000 yen and flights to South Korea from 3,300 yen to 6,700 yen, the report 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:9201TYO:9202

Wire55d ago

Infratil Says Moody's Assigns CDC Data Centers 'Baa2' Rating, Stable Outlook

Infratil (NZE:IFT, ASX:IFT) said Moody's Ratings has assigned CDC Data Centers Australia its first public investment grade credit rating of "Baa2" with a stable outlook, according to Tuesday filings with the Australian and New Zealand bourses.The rating reflects CDC's strong financial position, stable long-term contracted revenues, and exceptionally long lease durations averaging 28.4 years, per the filing.The rating will enable CDC to improve access to capital markets, supporting further large-scale infrastructure development driven by rising demand from government, hyperscale cloud providers, and critical industries, the filing added.The company's Kiwi shares shed 1% in recent Tuesday trade.

ASX:IFTNZE:IFT

Asia55d ago

Mineral Resources Prices $1.3 Billion in Senior Unsecured Notes to Refinance Existing Debt

Mineral Resources (ASX:MIN) said it has priced $650 million in 6% senior unsecured notes due May 2032 and $650 million in 6.25% senior unsecured notes due May 2034, in an offering to qualified institutional buyers, according to a Tuesday Australian bourse filing.The company said the settlement is expected to occur in New York on April 29, with interest payable on May 1 and Nov. 1 each year, and the notes are guaranteed by its certain units.The company will use the proceeds, together with cash on hand, to refinance its existing $625 million 8% senior unsecured notes due November 2027, fully repay the outstanding balance of its iron ore prepayment, and redeem $350 million of its existing $1.1 billion 9.25% senior unsecured notes due October 2028.The transaction is expected to deliver finance cost savings of AU$48 million per year, decreasing the company's weighted average cost of debt to 7.4% from 8.4% and extending its weighted average tenor to five years from 3.1 years, the filing added.

ASX:MIN

Asia55d ago

HUB24 Total Funds Under Administration Jump 22% in Fiscal Q3; Shares Down 4%

HUB24 (ASX:HUB) said its total funds under administration clocked in at AU$151.74 billion as of March 31, up 22% from the AU$124.13 billion a year earlier, according to a Tuesday Australian bourse filing.Platform net inflows during the fiscal third quarter were AU$3.98 billion, rising 9% from the same period in the previous year, when excluding large migrations.Platform funds under administration clocked in at AU$127.83 billion, jumping 25% from AU$102.51 billion in the prior-year period.The company said 37 new licensee agreements were signed during the quarter, and the total number of advisers using the platform increased by 272 to 5,549.HUB24's shares plunged almost 4% in recent Tuesday trade.

ASX:HUB

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