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Sichuan Road & Bridge Logs 55% Drop in H1 New Contract Wins

Sichuan Road & Bridge (SHA:600039) secured 32.8 billion yuan in new contracts in the first half, down 55% from 72.2 billion yuan a year earlier, according to a Saturday filing with the Shanghai bourse.Infrastructure projects contributed 23.2 billion yuan and residential building contracts added 9.45 billion yuan.Second-quarter contract awards totaled 19.8 billion yuan, with infrastructure projects contributing 15.2 billion yuan and residential building contracts adding 4.54 billion yuan.Shares of the construction engineering company slid nearly 1% in recent trade.

SHA:600039

Asia6d ago

Anax Metals Commences Front-End Engineering Design for Western Australia Copper Project, Shares Down 3%

Anax Metals (ASX:ANX) began front-end engineering design (FEED) for its 80%-owned Whim Creek Copper Project in Western Australia, targeted to support a final investment decision in the fourth quarter of the year, according to a Monday Australian bourse filing.The company said it remains actively engaged with potential financing and strategic partners as part of the ongoing funding process, with select parties shortlisted and site visits and diligence activities advancing as planned.The company's shares fell 3% in recent Monday trade.

ASX:ANX

Asia6d ago

Argosy Minerals Advances Definitive Feasibility Study for Rincon Lithium Project in Argentina; Shares Up 3%

Argosy Minerals (ASX:AGY) said feasibility and engineering works for the definitive feasibility study (DFS) for its 12,000-tonne-per-year Rincon Lithium Project in Argentina are successfully progressing, with multiple test work programs providing strong validation of the updated process flowsheet's capability, according to a Monday Australian bourse filing.The company said results deliver critical engineering and operating data to support DFS design, equipment sizing and economic evaluation, providing confidence for successful project development.The company's shares were up nearly 3% in recent Monday trade.

ASX:AGY

Asia6d ago

Market Chatter: Mitsui Fudosan to Establish Physical AI Semiconductor Development Center in Kumamoto

Japanese real estate developer Mitsui Fudosan (TYO:8801) will establish a development center in Kumamoto Prefecture for physical AI to support next-generation semiconductor technologies for robots, industrial equipment and automobiles, Nikkei Asia reported Monday.The facility, opening Monday as part of the Kumamoto Science Park project, will feature a shared-use clean room for semiconductor assembly technology development, the report said.Mitsui Fudosan expects Japanese semiconductor equipment and chemical makers, assembly contractors, universities and small and medium-sized technology firms to participate, while also seeking to bring together Taiwanese companies and research institutions, it said.Mitsui Fudosan did not immediately respond to a request for comment from.Shares of Mitsui Fudosan rose nearly 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.)

TYO:8801

Asia6d ago

Market Chatter: Hitachi to Use AI Agents for All Steps of Enterprise Systems Development

Hitachi (TYO:6501) will use agentic AI in all steps of developing enterprise systems, Nikkei Asia reported Saturday.Shares of the technology company rose more than 2% in recent trade.The company currently uses AI for 60% of its development process, but will soon employ agents for its entirety, including requirement definition and programming, maintenance, and operation, the report said.The move will allow the company to significantly boost productivity while maintaining security, the report cited Hitachi's AI business head Atsushi Motoyama as saying.A use case includes a test of Hitachi's solution at Shizuoka Bank that led to a 30% rise in productivity for portions of its accounting system development process, the report said.The tech company looks for a 30% increase in the productivity of the development process for the fiscal year ending March 2028 compared with fiscal 2023, 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:6501

Asia6d ago

Lake Resources Raising Nearly AU$4 Million Through At-the-Market Subscription Deal With Acuity Capital; Shares Gain 5%

Lake Resources (ASX:LKE) is raising AU$3.8 million through the issuance of 63.5 million ordinary shares to Acuity Capital at a price of AU$0.06 per share, according to a Monday filing with the Australian bourse.The company said it will issue the shares under its at-the-market subscription agreement with Acuity.Payment of the funds is expected on Monday, and the proceeds will be used for operating and general corporate expenditures to progress activities related to the company's Kachi project in Argentina, per the filing.Lake Resources shares gained 5% in recent Monday trade.

ASX:LKE

Asia6d ago

Visual Photonics Epitaxy's Profit Before Tax Jumps 1036% in May

Visual Photonics Epitaxy's (TPE:2455) profit before income tax jumped 1036% in May to NT$71.6 million, according to a Friday filing with the Taiwan Exchange.Earnings per share soared 933% to NT$0.31.Operating revenue rose 47% to NT$320.8 million.

TPE:2455

Asia6d ago

Salt Investments Forms Strategic Advisory Committee, Appoints Chairperson

Salt Investments (SGX:FQ7) formed a committee of strategic advisors to support its board and management in identifying growth opportunities, strategic partnerships and innovation initiatives.The Singapore-listed company appointed Tan Chin Hwee as the committee's inaugural chairperson, according to a Friday Singapore Exchange filing.Tan previously served as Asia-Pacific CEO of Trafigura Group and led Apollo Global Management's Asian operations.

SGX:FQ7

Asia6d ago

VEEM CEO to Step Down; Shares Fall 5%

VEEM (ASX:VEE) said Chief Executive Trevor Raman will step down from his role to pursue other career opportunities, according to a Monday filing with the Australian bourse.The company's shares fell 5% in recent Monday trade.

ASX:VEE

Asia6d ago

Marketech International Unit to Acquire Office Space; Shares Down 5%

Marketech International's (TPE:6196) subsidiary, EZoom Information, will acquire a right-of-use asset by leasing an office space in Taipei, according to a Friday filing with the Taiwan Exchange.Shares of the semiconductor facility systems and equipment provider were down over 5% in Monday trading.The space measures 301.57 ping and has a monthly rent of NT$506,638.

TPE:6196

Asia6d ago

Xiamen Tungsten to Buy Stake in Non-Coal Mineral Miner for 26 Million Yuan

Xiamen Tungsten (SHA:600549) plans to acquire 1.35% of Jiangxi Jutong Industrial for 26.5 million yuan, according to a Shanghai bourse filing on Saturday.The tungsten company's shares rose 2% during Monday's midday trade.Jutong Industrial is a miner of non-coal mineral resources and a hydropower company.The stake will be bought from Jiangxi Zhuoxin Mining.

SHA:600549

Asia6d ago

G50 Identifies Gold-Silver, Gallium Mineralization at Golconda Project in Arizona

G50 (ASX:G50) identified gold-silver and gallium mineralization during recent drilling at the Tub Structural Zone of its Golconda project in Arizona, according to a Monday Australian bourse filing.The results were up to 4.6 meters at 1.22 grams per tonne grade of gold and 8g/t silver from 70.1 meters and 213 meters at 17.6g/t gallium from surface, with mineralization now confirmed over a strike length of 1.8 kilometers within the Golconda property.

ASX:G50

Asia6d ago

Hero MotoCorp Launches VIDA EV Brand in Nepal

Hero MotoCorp (BOM:500182, NSE:HEROMOTOCO) said its electric mobility brand VIDA has entered Nepal through a distribution partnership with CG Motors, according to a Sunday press release.The company said the launch includes the VIDA VX2 EVOOTER range and the VIDA DIRT.E K3 electric youth off-roader, expanding its electric vehicle portfolio beyond India.

BOM:500182NSE:HEROMOTOCO

Asia6d ago

Sichuan Biokin Pharmaceutical Enrolls First Subject in Phase 3 Trial for Biliary Tract Cancer Treatment

Sichuan Biokin Pharmaceutical (SHA:688506) enrolled the first subject of its phase 3 clinical trial for its T-Bren injection in patients with biliary tract cancer, according to a Monday filing with the Shanghai Stock Exchange.The drug is indicated for patients with HER2-expressing locally advanced or metastatic biliary tract cancer who have failed platinum-based chemotherapy.T-Bren is also undergoing 19 clinical trials locally and abroad, including eight phase 3 trials, one phase 2/3 trial, four phase 2 trials, three phase 1/2 trials, and three phase 1 trials for diseases covering breast cancer, gastric or gastroesophageal junction adenocarcinoma, and non-small cell lung cancer.Shares rose 1% during the midday break on Monday.

SHA:688506

Asia6d ago

CIG Shanghai Forms 800 Million Yuan Investment Fund

CIG Shanghai (SHA:603083, HKG:6166) agreed to establish an 800 million yuan investment partnership with Shanghai Zhifengzhizi Private Fund Management, according to a July 24 Hong Kong bourse filing.The optical communications equipment maker will contribute 800 million yuan as a limited partner, while Shanghai Zhifengzhizi will contribute 10,000 yuan as the general partner.The partnership will focus on equity investments in unlisted companies in emerging industries, including integrated circuits, artificial intelligence, optical components and core chip technologies. It may also invest in private placements and block trades of listed companies within the same industry chain.CIG Shanghai said the partnership will be consolidated as its subsidiary upon completion.

HKG:6166SHA:603083

Asia6d ago

Falcon Metals Receives Regulatory Approvals for Maiden Drilling at Olsen Well Gold Target in Western Australia

Falcon Metals (ASX:FAL) received all regulatory approvals for the maiden drill program at Olsen Well, a craton-margin gold target within its Errabiddy gold project in Western Australia, according to a Monday Australian bourse filing.The company said the program will mark the first-ever drill testing of Olsen Well, where Falcon can earn a 70% interest in Exploration License E09/2457, excluding graphite rights, from West Coast Silver (ASX:WCE).

ASX:FALASX:WCE

Treasury6d ago

Bank of Shanghai Raises 25 Billion Yuan in Two Bond Issues

Bank of Shanghai (SHA:601229) raised 25 billion yuan via the issue of three-year bonds, according to a weekend filing with the Shanghai bourse.The financial bonds, with a coupon rate of 1.57%, raised 20 billion yuan. Proceeds are earmarked for asset-liability allocation needs, replenishing funding, optimizing the liability maturity structure and promoting business development.The green financial bonds carrying a 1.50% coupon raised 5 billion yuan, with proceeds to go toward green industry projects.

SHA:601229

Asia6d ago

Salt Investments Seeks Two-Month Extension to Hold Annual Meeting

Salt Investments (SGX:FQ7) has applied for a two-month extension to hold its annual general meeting for the financial year ended March 31, 2026, as its external audit requires additional time to complete, according to a Friday Singapore Exchange filing.The company said its auditor, RT LLP, needs more time to complete the FY2026 audit, which is expected to finish by mid-September.Salt Investments is seeking an extension from July 31 to Sept. 30 from the Singapore Exchange Regulation and plans to submit a separate application to the Accounting and Corporate Regulatory Authority.The company said it is working toward holding the annual general by Sept. 30, or earlier if the audit is completed sooner.

SGX:FQ7

Asia6d ago

Totm Technologies Warns of Loss in FY2026 Over Remeasurement Loss

Totm Technologies (SGX:42F) warned it expects to report a net loss for the financial year ended May 31, mainly due to a remeasurement loss after losing significant influence over an associate, according to a Friday Singapore Exchange filing.The expected loss resulted from reclassifying the investment from an equity-method associate to a financial asset measured at fair value through profit or loss.The company said the impact was compounded by weaker profitability at the investee compared with the previous financial year.TOTM said it is finalizing its FY2026 results and expects to release its unaudited financial statements on or around July 30.

SGX:42F

Asia6d ago

Cauldron Energy Receives Further Passive Seismic Interpretations at Yanrey Uranium Project; Shares Down 7%

Cauldron Energy (ASX:CXU) said Southern Geoscience has provided a further installment of processed passive seismic interpretations for its Yanrey Uranium Project in Western Australia, covering the Manyingee Southeast, Manyingee West, Ashburton East and Cosgrove locations, according to a Monday Australian bourse filing.The company said the most significant finding from the third installment is the delineation of a separate, previously undiscovered and untested arm of the Manyingee South palaeochannel, with passive seismic continuing to prove a cost-effective method for identifying the margins of palaeochannels and increasing drilling effectiveness.The company's shares fell almost 7% in recent Monday trade.

ASX:CXU

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