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Magnus Concordia Receives Offers For Two Properties in Hong Kong

Magnus Concordia Group (HKG:1172) said it was evaluating two offers for its investment properties in Hong Kong, according to a Hong Kong bourse filing Friday.Shares of the property developer jumped 10% in morning trade Monday.The two properties in question are pledged as security for the group's borrowings, and Magnus Concordia said it had received the lender's consent to dispose the investments should a definitive agreement materialize.Meanwhile, the company has repaid HK$23 million in borrowings as scheduled on April 1, and continued to owe HK$65 million. Following negotiations, the company secured an extension to the loan facility for a further 2.5 years.

$HKG:1172

Asia62d ago

Zixin Group Sets Up Joint Venture to Tap into Singapore's Fresh Produce Market

Zixin Group's (SGX:42W) subsidiary, Zixin Enterprise (Singapore), established a joint venture company, Zixin Fresh Import & Export, with AANDJ Group to start on its fresh agricultural products distribution business in the city-state, according to a Monday filing with the Singapore Exchange.AANDJ focuses on consultancy, trade, and strategic business development, with focus on fresh produce supply chains, operations, and digitalization initiatives.Based on the agreement, Zixin Singapore will have a 70% stake in the JV, while AANDJ will have a 30% interest.

$SGX:42W

Asia62d ago

Be Friends Grants 6.5 Million Shares to Employees Under Award Plan

Be Friends Holding (HKG:1450) granted 6.5 million awarded shares to employees under its share award plan, according to an April 10 Hong Kong bourse filing.Shares of the media company were down nearly 4% in late-morning trade on Monday.The awarded shares were granted at nil consideration and will vest between April 2027 and April 2029, subject to performance targets.

$HKG:1450

Asia62d ago

Coforge Secures All Statutory, Regulatory Clearances for Encora Acquisition

Coforge (NSE:COFORGE, BOM:532541) has received regulatory approvals and statutory clearances in multiplejurisdictions to acquire software company Encora, according to a Monday filing to the Indian stock exchanges.In December 2025, Coforge agreed to acquire Encora for $2.35 billion.Once completed, the merger will create a $2.5 billion entity focused on artificial intelligence-led engineering, data, and cloud services, with the transaction expected to close by the end of April.The detailed work plans and governance structures have been established, and the company is confident in achieving its margin guidance as its cost optimization plan is expected to deliver 20%-25% reduction in general and administration costs for the combined business within the projected timelines.

$BOM:532541$NSE:COFORGE

Asia62d ago

China Water Industry Enters Rescheduling Deed With IFC

China Water Industry Group (HKG:1129) entered into a rescheduling deed with the International Finance Corporation, according to a Hong Kong bourse filing Friday.Shares of the water supply company were down over 2% in Monday morning trade.The rescheduling of payments to IFC was a condition for the company's proposed debt restructuring plan, which involves a bridge loan of HK$131.3 million and the issuance of convertible bonds.The bridge loan will be used to partially settle amounts owed to the IFC, while the first tranche of convertible bonds to be issued will help settle the bridging loan itself.Subsequent issues of the convertible bonds will be used to repay the remaining amounts owed to the IFC by March 31, 2027.The IFC previously sought about 216.6 million yuan linked to a subsidiary of the company.

$HKG:1129

Asia62d ago

Sino-Ocean Unit Flags Over 17 Billion Yuan in Overdue Debt; Shares Slip 4%

Sino-Ocean (HKG:3377) said its wholly owned subsidiary, Beijing Sino-Ocean, had 17.2 billion yuan in overdue borrowing principal as of March 31, according to a April 10 Hong Kong bourse filing.Shares of the property firm were down over 4% in Monday's late morning trade.The subsidiary also reported a new major litigation in March involving disputes with creditors, with an amount of about 1.87 billion yuan.Sino-Ocean said the situation may adversely affect the unit's operations and debt repayment ability.The unit said it is continuing discussions with creditors to formulate solutions to address the debt situation.

$HKG:3377

Asia62d ago

Gaush Meditech Unit Secures EU Certification for Corneal Confocal Microscope; Shares Jump 3%

Gaush Meditech (HKG:2407) said its subsidiary Gaush Neotech obtained CE registration in the European Union for a corneal confocal microscope, according to an April 10 Hong Kong bourse filing.Shares of the ophthalmic device manufacturer were up nearly 3% in Monday's late morning trade.The CE mark allows the product to be marketed in the European Union.

$HKG:2407

Asia62d ago

Goldstream Investment Unit Buys Further Meitu Shares

Goldstream Investment (HKG:1328) said its wholly owned unit, Redwood, acquired a further 1 million shares of Meitu (HKG:1357) for about HK$4.4 million, according to a Friday Hong Kong bourse filing.Shares of the investment firm fell nearly 4% in morning trade on Monday.The shares were purchased on-market at about HK$4.445 apiece, the company said.The acquisition follows earlier purchases of Meitu shares in April totaling 6 million.

$HKG:1328$HKG:1357

Asia62d ago

Nexteer Automotive Grants Cash Awards to Senior Management Under Value Plan

Nexteer Automotive (HKG:1316) said it granted 5 million cash-settled awards to senior management under its value creation plan, according to an April 10 Hong Kong bourse filing.Shares of the automotive parts maker were down nearly 2% in Monday morning trade.The awards, comprising performance and restricted units, have a total cash value of $4 million and will vest on Dec. 31, 2028, subject to performance and service conditions.The awards will not vest if the company's three-year average return on invested capital is below 4.5%, the filing said.

$HKG:1316

Asia62d ago

Beijing Capital Eco-Environment Protection 2025 Profit Down 50%, Revenue Declines 6%

Beijing Capital Eco-Environment Protection (SHA:600008) posted 2025 attributable net profit of 1.77 billion yuan, down 50% from 3.53 billion yuan the previous year.Earnings per share declined to 0.2414 yuan from 0.4806 yuan, according to a filing with the Shanghai bourse.Operating revenue declined 5.8% year over year to 18.9 billion yuan from 20.0 billion yuan.Shares of the water supply company slid 2% in recent trade.

$SHA:600008

Asia62d ago

6K Additive Secures Nearly $2 Million Modification to Existing Contract With US Defense Agency; Shares Fall 3%

6K Additive (ASX:6KA) was awarded a nearly $2 million modification to its existing phase 2 contract by a US defense agency, raising the total value of the award to $3.9 million with a total period of performance of 18 months, according to a Monday Australian bourse filing.The program is designed to prove the concept of a scaled production process delivering certified tungsten, titanium, and niobium powders used for additive manufacturing by converting metal scrap, the filing said.The company's shares fell past 3% in recent trading on Monday.

$ASX:6KA

Asia62d ago

CARsgen Therapeutics' 2025 Loss Narrows Amid Higher Revenue

CARsgen Therapeutics (HKG:2171) booked 97.9 million yuan in attributable loss for 2025, narrowing from a loss of 798.1 million yuan in 2024, according to a Hong Kong bourse filing Friday.Shares of the cell therapy developer gained over 2% in morning trade Monday.Loss per share was 0.18 yuan, compared with 1.44 yuan in the prior year.Revenue rose to 125.7 million yuan from 39.4 million yuan in 2024, figures showed.

$HKG:2171

Asia62d ago

Baiyun International Airport Posts 15% Rise in March Passenger Throughput

Guangzhou Baiyun International Airport (SHA:600004) handled 7.6 million passengers in March, up 15% year over year.Cargo and mail throughput declined 6.0% to 196,832 tons, according to a filing with the Shanghai bourses.The number of flights, or total takeoffs and landings, increased 11% to 48,991.

$SHA:600004

Asia62d ago

Maronan Metals Restarts Surface Diamond Drilling at Queensland Silver Project, Shares Fall 3%

Maronan Metals (ASX:MMA) restarted surface diamond drilling at the Maronan silver project in Queensland, focused on growing the indicated resource and expanding key mine development studies at the Starter zone, according to a Monday Australian bourse filing.It secured a second diamond drill rig expected to be mobilized by the end of April.Its shares fell 3% in recent trading on Monday.

$ASX:MMA

Asia62d ago

NIO's 2025 Loss Narrows as Revenue Jumps 33%

NIO (SGX:NIO, HKG:9866) booked 15.57 billion yuan in attributable loss for 2025, narrowing from a loss of 22.66 billion yuan in 2024, according to a Hong Kong bourse filing Friday.Shares of the Chinese new-energy vehicle maker jumped nearly 7% in Hong Kong trade Monday.Loss per share was 6.85 yuan, compared with 11.03 yuan in the prior year.Revenue rose 33% year on year to 87.49 billion yuan, figures showed.

$HKG:9866$SGX:NIO

Asia62d ago

World Nexus Lifts Thelloy Development Stake to Nearly 63% After Offer Closes

Thelloy Development (HKG:1546) said a mandatory unconditional cash offer by World Nexus closed with limited shareholder response, according to a joint Hong Kong bourse filing on April 10.Shares of the construction company were down nearly 6% in Monday morning trade.Valid acceptances were received for 457,000 shares, representing about 0.06% of the company's issued share capital.Based on the offer price of HK$0.19 per share, total consideration payable to accepting shareholders amounted to about HK$86,830, the filing said.Following the close of the offer, World Nexus and its concert parties held 501.3 million shares, representing about 62.7% of the company, compared with 62.6% before the offer.At the management level, Lam Kin Wing Eddie resigned as chairman and chief executive officer, with Ng Jonathan Yee appointed to both roles effective the same day.Although the combined role deviates from Corporate Governance Code requirements, the board said it enables more effective strategy execution while maintaining adequate oversight, according to the filing.

$HKG:1546

Asia62d ago

Viva Energy Group Changes 2025 Financial Report Accounting Judgement After ASIC Review, Shares Jump 3%

Viva Energy Group (ASX:VEA) changed an accounting judgement applied in its financial report for the year ended Dec. 31, 2025, resulting in an increase in impairment expenses of AU$25 million, following a review conducted under the Australian Securities and Investments Commission's (ASIC) financial reporting and audit surveillance program, according to a Monday statement.Viva Energy recognized a total impairment expense for its retail convenience sites for the 2025 year of AU$558.8 million.The regulator reviewed Viva Energy's financial report and raised concerns about its approach to impairment testing of its convenience retail sites. This involved assessing some sites as a group on the basis that the Shell Card is a wholesale offering across Viva Energy's Australia-wide network, rather than assessing them all on an individual site basis.ASIC believed that this group approach was inappropriate because Viva Energy was able to assess impairment for each retail site included in the Shell Card cash-generating unit.Its shares jumped 3% in recent trading on Monday.

$ASX:VEA

International62d ago

South Korea's Exports Jump 37% in First 10 Days of April

South Korea's exports jumped 36.7% to $25.2 billion in the first 10 days of April from $18.4 billion a year earlier, Monday data from the Korea Customs Service showed.Imports increased 12.7% to $22.1 billion from $19.6 billion a year earlier, resulting in a $3.1 billion trade surplus.

$^KOSDAQ$^KS11

Asia63d ago

Insignia Financial Shareholders Vote in Favor of Acquisition by CC Capital

Insignia Financial (ASX:IFL) said its shareholders voted in favor of the proposed acquisition of all of the shares of the company by Daintree BidCo, an entity established by CC Capital Partners and its affiliates, via a scheme of arrangement, according to a Monday Australian bourse filing.The company said 98.65% of the votes cast by its shareholders were in favor of the scheme resolution.The scheme remains subject to Court approval at a hearing on Thursday and certain other conditions precedent, per the filing.Insignia Financial's shares were marginally higher in recent Monday trade, hitting their highest since March 2020.

$ASX:IFL

Asia63d ago

Central China Management Books Lower Profit for 2025 as Revenue Falls 26%

Central China Management (HKG:9982) booked 47.6 million yuan in attributable profit for 2025, falling from 65.1 million yuan in 2024, according to a Hong Kong bourse filing Friday.Shares of the project management company fell nearly 5% in morning trade Monday.Earnings per share were 0.0123 yuan, compared with 0.0170 yuan in the prior year.Revenue fell 26% year on year to 187.8 million yuan, figures showed.The firm did not propose a dividend for the year.

$HKG:9982

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