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Goodcom Asset Cuts Unit Count, Delays Tokyo Condo Project Completion

Good Com Asset (TYO:3475) said it revised plans for a condominium project in Tokyo, reducing the number of units and pushing back completion, according to a Monday filing on the Tokyo Stock Exchange.The Minami-Yukigaya development will now have 57 units instead of 95, with completion moved to October 2028 from April 2027.The project has been upgraded to a higher-end "G-classt" brand, featuring larger units and enhanced amenities. Revenue recognition is now expected from the fiscal year ending October 2028.

TYO:3475

Asia60d ago

Kobe Bussan Unit to Acquire Hakuro Sake Brewery

Kobe Bussan (TYO:3038) said its subsidiary Sekihara Sake Brewery will acquire all shares of Hakuro Sake Brewery, making it a sub-subsidiary, to strengthen production capacity and product offerings, according to a Monday filing on the Tokyo Stock Exchange.The deal supports the group's integrated food production and distribution strategy, with Hakuro's koji production technology expected to enhance competitiveness in the sake segment.Sekihara will acquire 52,000 shares, taking its stake to 100%, with the transaction set to complete April 30.

TYO:3038

Asia60d ago

Nexon Fund Unit Becomes Specified Subsidiary After Control Change

Nexon (TYO:3659) said Alignment Growth Fund II has become a specified subsidiary after changes in investor structure gave the group effective control, according to a Monday filing on the Tokyo Stock Exchange.The fund, managed through Nexon US Holding, is now consolidated as no other limited partners retain significant influence over investment decisions.Nexon holds an 84% stake in the fund, which has total commitments of $250 million.

TYO:3659

Asia60d ago

Create Restaurants Cuts Year-End Dividend After Stock Split

Create Restaurants Holdings (TYO:3387) has resolved to pay a year-end dividend of 2.25 yen per share for the fiscal year ended Feb. 28, unchanged from its latest forecast but lower than the 4.00 yen per share paid in the prior year.The total dividend amount is approximately 955 million yen, with an effective date of May 13, according to a Tokyo bourse filing on Monday.The company conducted a 2-for-1 stock split effective Sept. 1, 2025, and the year-end dividend reflects the post-split amount.

TYO:3387

Asia60d ago

Indonesia's Mining Policy Proposals to Adversely Impact Several Segments, Fitch Says

The impact of Indonesia's proposed mining policy reforms will vary among coal miners, mining contractors, and downstream nickel processors, Fitch Ratings said in a recent release.Coal policy proposals could adversely hit cash flow for miners and contractors, while nickel pricing shifts could weigh on processors, Fitch said.Proposed export duties would narrow realized margins, while lower production quotas would weigh on volumes and cash flows among upstream producers, Fitch said.Reduced stripping and overburden removal would create second-order effects for mining contractors, according to the rating agency.The proposals have already affected activity, with the country's coal export volumes dropping 7% year over year in the first two months of 2026 due to less output and paused spot sales, Fitch said.Fitch sees an increasing mining-linked risk in the country, with lingering policy uncertainty that could prompt a lower country risk assessment and put negative pressure on miners' credit profiles.

^JKSE

Asia60d ago

S&P Rates MTR's Proposed Green Notes AA+

S&P Global Ratings has given an AA+ long-term issue rating to MTR's (HKG:0066) proposed senior unsecured green notes, according to a Monday release.The Hong Kong-based metro operator will channel proceeds from the notes to fund or refinance eligible green investments under its sustainable finance framework.The notes' rating is equivalent to MTR's long-term issuer credit rating, given the lack of subordination risk amid minimal secured debt or priority debt, S&P said.MTR's outlook is stable, in line with that of Hong Kong, given S&P's view of an almost-certain potential of government support in case of need.

HKG:0066

Equities60d ago

Helix Exploration Partners with Chimaera Fund for US Air Force Initiative

Helix Exploration (HEX.L) was selected as a core partner by US nonprofit organization Renaissance Philanthropy's Chimaera Fund for its Air Force Geologic Hydrogen Energy Resilience Initiative.Under the collaboration, the helium exploration and development company will receive funding from Chimaera and will contribute subsurface measurements, drilling cost data, mineralogical and geochemical analysis, as well as infrastructure data from its Rudyard helium project in northern Montana, US, according to a Monday filing.The data will support a techno-economic assessment of geologic hydrogen potential near the Malmstrom Air Force Base, as well as its capacity to boost energy resilience at critical US Air Force installations.

$HEX.L

Asia60d ago

Refex Industries Bags INR321 Million Transportation Order

Refex Industries (NSE:REFEX, BOM:532884) secured an order worth 321.2 million Indian rupees from an undisclosed public sector company, according to a filing to the Indian stock exchanges on Monday.The contract is for the transportation of pond ash to road construction sites of the National Highway Authority of India.The project will be completed in one year and is extendable up to six months.The company's shares were up nearly 2% in recent trade.

BOM:532884NSE:REFEX

Asia60d ago

Mori Trust REIT Secures Short-Term Loan to Repay 1 Billion Yen Maturing Debt

Mori Trust REIT (TYO:8961) has agreed to borrow 1 billion yen from Resona Bank to repay existing long-term loans of a similar amount, according to a Tokyo bourse filing on Monday.The new short-term loan carries an interest rate of JBA Japanese Yen TIBOR plus 0.15%, with a drawdown date of April 22, and full repayment due on May 29.The existing loan being refinanced was originally drawn on April 22, 2021, and matures on the same date as the new borrowing's drawdown.The borrowing is structured as unsecured and unguaranteed, with lump-sum repayment upon maturity.

TYO:8961

Asia60d ago

Market Chatter: Thailand Eyes THB500 Billion Emergency Loan as Fiscal Pressures Worsen

Thailand is preparing an emergency decree to raise up to 500 billion baht ($15.6 billion) in borrowing and address the debt ceiling amid tightening fiscal space and rising risks, Reuters reported Monday, citing Deputy Prime Minister Pakorn Nilprapunt.Public debt stands at around 66% of GDP, close to the current 70% limit, which may be raised to accommodate the planned borrowing. The government is also preparing its 2027 budget with a focus on curbing non-essential spending and managing fiscal risks, reportedly.A 3.788 trillion Thai baht budget has been approved, with a slight increase in spending and a lower projected deficit, and will be submitted for parliamentary review in July, the news agency 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.)

^SET

Asia60d ago

OPEN Group Sets Shareholder Vote on Final Dividend for May 26

OPEN Group (TYO:6572) will seek approval for its proposed final dividend of 4.90 yen per share at the shareholders' meeting on May 26, according to a Tokyo bourse filing on Monday.The figure is lower than the 5.50 yen per share paid for the fiscal year ended Feb. 28, 2025.The total dividend amount is expected to be 273 million, with an effective date of May 27.

TYO:6572

Asia60d ago

PeptiDream Partner Begins Phase 1 Trial of TNFR1 Inhibitor AK1940

PeptiDream (TYO:4587) said its partner Asahi Kasei Therapeutics has started a Phase 1 clinical trial of AK1940, a TNFR1 inhibitor discovered using its peptide platform, according to a Monday filing on the Tokyo Stock Exchange.The candidate targets autoimmune diseases and showed efficacy in preclinical studies, the company said.PeptiDream will receive a milestone payment and is eligible for further payments and royalties tied to development and sales.

TYO:4587

Commodities60d ago

Market Chatter: US Energy Secretary Warns Gasoline Prices to Stay Above $3 per Gallon Until Next Year

US Energy Secretary Chris Wright said in an interview on Sunday that he expects US domestic gas prices to remain above $3 per gallon until next year, amid the ongoing conflict in the Middle East.Appearing on CNN's "State of the Union" program, Wright said "prices have likely peaked, and they'll start going down," as the conflict begins to subside.He also added that it could take until the end of this year, or possibly the start of next year, before gasoline prices could head below $3 per gallon again.Wright said below $3 gasoline would be "pretty tremendous in inflation-adjusted terms," adding that prices are expected to return to that level eventually.This contrasts with the views of other members of the Trump administration, with Treasury Secretary Scott Bessent predicting a fall in gasoline prices this very summer, according to a Reuters report.Trump himself has claimed that energy prices might remain elevated through November of this year, owing to the lost productivity and shortages arising from the war.(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.)

Commodities60d ago

Russian Energy Exports Crater as Ukrainian Strikes Paralyze Key Ports, Says Vortexa

Ukrainian drone strikes on Baltic and Black Sea infrastructure have significantly degraded Russia's oil export capacity, according to a Vortexa note from Friday.Aerial strikes have knocked about 800,000 barrels a day of Russian seaborne crude and condensate off the market since late March, it said.Clean refined product exports dropped by 400,000 b/d, while diesel and gasoil exports remain 200,000 b/d below year-ago levels, the note added.With key refineries like Nizhny Novgorod offline and port infrastructure damaged, Russia is struggling to capitalize on high global oil prices despite strong Asian demand, Vortexa analysts said.Russia has failed to divert surplus crude-unprocessed due to refinery outages into the export market. Vortexa attributed this to constrained loading terminals in the Baltic and Black Seas.While Primorsk remains stable, Ust-Luga crude exports are facing a 200,000 b/d deficit compared to 2025 levels, it noted.Vortexa noted that loading delays and damage at the Transneft Baltic terminal signal immediate vulnerability, preventing Moscow from fully capitalizing on tightened global energy balances as the conflict continues.

Commodities60d ago

Market Chatter: Germany Begins Privatization of Seized Gazprom Germania Through Capital Raise

Germany has begun the process of privatizing Gazprom Germania, the German division of Gazprom which the country seized following Russia's 2022 invasion of Ukraine, the Financial Times reported on Monday.The company's Chief Executive Egbert Laege told the FT that it planned to raise 1.5 billion to 2 billion euros ($1.76-$2.35 billion) through a capital increase and invest the funds in the business's infrastructure assets.The company has been renamed Sefe which stands for Securing Energy for Europe. Its assets include gas storage and pipelines as well as a trading business in the UK known as Gazprom Marketing & Trading.European Commission rules state that the German government, which now controls 100% of the business, must sell at least 75% of that stake by the end of 2028, the article said.The Iran war had only increased the incentives to privatize the assets, Laege told FT. He said that Sefe was in discussion with the government over whether it has preferences or restrictions with regards to who is eligible to buy a stake in the company.After the initial capital increase, the government will seek to sell more of its shares in another separate process whose form has not yet been chosen, Laege said. He said the short timeframe for this could rule out an initial public offering, but said that was up to the government.The FT noted that some industry observers had speculated that the company's assets could be split up and sold separately. Others have suggested that Sefe could be merged with gas importer Uniper which was nationalized in 2022 after the loss of Russian gas exports to Europe.Sefe is certain to return its regulated assets and trading operations which complement each other, Laege said.Sefe could not be reached bywith a request for comment.(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.)

Asia60d ago

Skyworth Digital's Q1 Profit Rises as Revenue Jumps 39%

Skyworth Digital (SHE:000810) booked 82.9 million yuan in attributable profit for the first quarter, rising exponentially from 5.3 million yuan a year earlier, a Monday Hong Kong bourse filing by parent Skyworth Group (HKG:0751) said.Earnings per share were 0.0724 yuan, compared with 0.0047 yuan in the prior year.Revenue rose 39% year on year to 2.49 billion yuan, figures showed.

HKG:0751SHE:000810

Asia60d ago

Qingdao Yunlu Advanced Materials Technology Chair Resigns

Qingdao Yunlu Advanced Materials Technology (SHA:688190) said founder Li Xiaoyu resigned as chair and general manager.Lei Rigan will act as chair and Zeng Yuanhua will act as general manager, according to a Monday filing with the Shanghai bourse.Shares of the advanced magnetic metal materials maker closed 2% higher Monday.

SHA:688190

Asia60d ago

Sundaram Multi Pap Installs New Automatic Notebook Manufacturing Machines; Shares Up 3%

Sundaram Multi Pap (NSE:SUNDARAM, BOM:533166) has installed and begun operations of a new fully automatic notebook manufacturing machine at its Palghar plant in India, according to a Monday filing to the Indian stock exchanges.The new machine was installed with an investment of over 30 million Indian rupees.The additional machinery will help the company to improve production capacity, improve operational efficiency, and strengthen the company's manufacturing capabilities.With the successful commissioning of this machine, the company expects a meaningful uptick in production output while lowering per-unit costs.The company's shares were up nearly 3% in recent trade.

BOM:533166NSE:SUNDARAM

Asia60d ago

Yancoal Australia's Coal Output, Sales Slide in Q1

Yancoal Australia's (HKG:3668, ASX:YAL) saleable coal production fell 5% to 9 million tons in the first quarter of 2026 from 9.5 million tons in the year-ago period, a Monday filing with the Hong Kong bourse said.Sales slipped 2% to 8.2 million tons from 8.4 million tons in the prior-year period.The average realized price of coal slid 7% year over year to AU$146 per ton from AU$157 per ton previously, according to the filing.Production during the first quarter decreased 2% to 11.3 million tons from 11.5 million tons last year.

ASX:YALHKG:3668

Research60d ago

Phillip Securities Upgrades PTG Energy to Buy from Hold; Price Target is THB10.20

BKK:PTG

Showing 38761-38780 of 43874

Commodities60d ago