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Alebund Pharma Nets HK$185 Million From Full Exercise of IPO Over-Allotment Option

Alebund Pharmaceuticals (Jiangsu) (HKG:9637) said the over-allotment option of its Hong Kong initial public offering was fully exercised on Friday, according to a same-day Hong Kong bourse filing.The biopharmaceutical company expects to raise about HK$184.7 million in additional net proceeds.The exercise involved the issue of 8.51 million additional H-shares at HK$22.60 each, representing about 15% of the total offer shares available under the global offering.Dealings in the over-allotment shares are expected to begin on July 29, the filing said.

HKG:9637

Asia7d ago

Correction: CXMT Surges 472% in Shanghai Debut

(Adjusts the headline to display the company's name correctly)ChangXin Memory Technologies or CXMT (SHA:688825) opened at 49.50 yuan per share on its first day of trading on the Shanghai Stock Exchange.This marked a jump of 472% from the chipmaker's initial public offering price of 8.66 yuan per share.

SHA:688825

Asia7d ago

NTPC's Consolidated Profit Rises in Fiscal Q1

NTPC (NSE:NTPC, BOM:532555) posted consolidated profit attributable to owners of 67.2 billion rupees for the fiscal first quarter, up from 60.1 billion rupees a year earlier.The Indian state-owned power producer's earnings per share came in at 6.93 rupees, up from 6.20 rupees a year earlier, according to a Friday exchange filing.Revenue from operations increased to 507.4 billion rupees from 470.6 billion rupees.

BOM:532555NSE:NTPC

Asia7d ago

Jade Gas Holdings Addresses Settlement Issues Affecting AU$11 Million Private Placement

Jade Gas Holdings (ASX:JGH) said it is working with its joint lead managers to address settlement issues involving certain investors unable to provide cleared funds for its AU$11 million private placement due on Monday, according to a same-day Australian bourse filing.The company said the issue will not impact its major AU$1.1 billion PTBEL joint venture and funding transaction, which continues to progress, per the filing.It also confirmed it has sufficient resources to meet creditor obligations and ongoing working capital needs regardless of the placement outcome, the filing added.

ASX:JGH

Asia7d ago

CATL Issues 8 Billion Yuan in Green Bonds; Shenzhen Shares Up 4%

Contemporary Amperex Technology or CATL (SHE:300750, HKG:3750) issued 8 billion yuan worth of green technology bonds across two tranches, according to a weekend filing with the Shenzhen bourse.The first tranche amounted to 7 billion yuan with a coupon rate of 1.52% and a five-year term, maturing July 24, 2031. The issuer retains the option to adjust the coupon rate at the end of the third year.The second tranche was worth 1 billion yuan, carrying a coupon rate of 1.58% and a five-year term, also maturing on July 24, 2031.Bank of China (SHA:601988, HKG:3988) served as the lead underwriter and bookrunner for the issuance.The battery maker's Shenzhen shares jumped 4%, while its Hong Kong shares rose marginally Monday morning.

HKG:3750SHE:300750

Asia7d ago

Elanor Investors Changes Name to Kyron Capital

Elanor Investors (ASX:ENN) changed its name to Kyron Capital, effective July 24, after Australian Securities and Investments Commission (ASIC) registered the change of name, and its ASX ticker code to "KYN" from "ENN," according to a Monday Australian bourse filing.Elanor Funds Management retired as the responsible entity of Elanor Investment Fund, and Kyron Group RE, formerly Group Funds Management, was named as the new responsible entity. Kyron Group changed the name of Elanor Investment Fund to Kyron Investment Fund.

ASX:ENN

Asia7d ago

APA Group Welcomes Proposed Energy Security Requirement Policy in Victoria

APA Group (ASX:APA) welcomed the proposed Victorian energy security requirement policy, saying the initiative will support investment in dispatchable energy generation to assist the state's transition away from coal, according to a Monday statement."We know significant investment is needed in new gas-powered generation and storage projects if Victoria is to securely transition away from coal," APA Group CEO Adam Watson said.The company's AU$213 million expansion of its South West pipeline is underway to help meet projected peak-day shortfalls in Melbourne later in the decade, Watson added.

ASX:APA

Asia7d ago

AIMS APAC REIT Names CEO

AIMS APAC REIT (SGX:O5RU) has appointed Lim Joo Lee as CEO-designate, effective Oct. 1, according to a Friday filing to the Singapore Exchange.Lee has served as CFO since 2021.She will take over from Russell Ng Keh Yang, who will step down as CEO on Sept. 30 to pursue other professional interests.

SGX:O5RU

Asia7d ago

ChangXin Memory Technologies (SHA:688825) Surges 472% in Shanghai Debut

ChangXin Memory Technologies (SHA:688825) opened at 49.50 yuan per share on its first day of trading on the Shanghai Stock Exchange.This marked a jump of 472% from the chipmaker's initial public offering price of 8.66 yuan per share.

SHA:688825

Asia7d ago

NZX Midday Sector Update: Non-Energy Minerals Soar, Electronic Technology Decline

Non-energy mineral stocks gained the most on New Zealand's Exchange, rising past 1% at midday Monday.Santana Minerals (NZE:SMI, ASX:SMI) saw the sharpest increase in the sector, gaining almost 2% in recent trade.The company on Monday said it brought forward the date of the submission of final consent conditions to Aug. 28 in relation to its Fast Track Application for the Bendigo-Ophir gold project in New Zealand.Meanwhile, the electronic technology sector fell past 1%.ikeGPS Group (NZE:IKE, ASX:IKE) shares fell more than 1% in recent trade.

^NZ50ASX:IKEASX:SMINZE:IKENZE:SMI

Asia7d ago

China Fines Trip.com 5.2 Billion Yuan for Abusing Market Dominance

China's State Administration for Market Regulation fined Trip.com (HKG:9961) 5.18 billion yuan for abusing its dominant position in China's online hotel booking market, according to a Saturday statement.It confiscated 1.66 billion yuan in illegal gains and imposed a 3.52 billion yuan fine, bringing the total penalty to 5.18 billion yuan.Authorities said Trip.com required some hotel operators to enter exclusive partnerships while forcing others to offer the lowest prices across platforms, restricting cross-platform operations and limiting hotels' pricing autonomy.The regulator also ordered Trip.com to end the illegal practices and refund 122 million yuan in order reserve funds deducted from hotel operators.In a Hong Kong bourse filing on Monday, Trip.com said it "sincerely accepts" the decision and will implement rectification measures in accordance with applicable laws and regulations.

HKG:9961

Asia7d ago

Samsung Electronics Signs $200 Billion MOU With Broadcom to Expand AI Chip Partnership

Samsung Electronics (KRX:005930) signed a memorandum of understanding with U.S.-based semiconductor and infrastructure software firm Broadcom worth $200 billion, the South Korean chipmaker said in a press release on Saturday.The agreement is expected to broaden their partnership in memory and foundry operations to support next-generation AI infrastructure.The five-year partnership was announced during South Korean President Lee Jae Myung's visit to San Francisco, where South Korean firms SK hynix (KRX:000660) and Naver (KRX:035420) also announced partnerships with US firms.Shares of Samsung fell over 1% in recent trade.

KRX:000660KRX:005930KRX:035420

Asia7d ago

Acesian Partners Expects to Swing to Profit in H1; Shares Jump 9%

Acesian Partners (SGX:5FW) expects to return to profitability in the first half of 2026 ended June 30, on the back of a "significant increase" in revenue, according to a Friday filing to the Singapore stock exchange.The company's shares were up over 9% in early trade on Monday.The steel duct manufacturer has forecast a return to profitability with a small profit before tax for H1, compared to a net loss for the same period a year ago.The rise in revenue is attributable to the increased order intake, due to higher demand. Meanwhile, the expected profit before tax is driven by the increase in revenue, a higher gross profit margin, increased other operating income, and lower administrative and other operating expenses, the company said.The company's financial results will be released by Aug. 14.

SGX:5FW

Asia7d ago

HKEX Adopts Listing Rule Reforms to Boost Market Competitiveness

Hong Kong Exchanges and Clearing (HKG:0388, HKG:80388), or HKEX, has adopted new listing rule reforms aimed at enhancing the competitiveness of the city's capital markets, following strong support from a market consultation, according to a Friday press release.The exchange received 73 submissions on the proposals and said the new rules, which took effect immediately, were adopted with minor modifications and clarifications.The reforms lower financial eligibility thresholds for companies seeking weighted voting rights structures and ease secondary listing requirements for overseas-listed issuers.They also expand confidential filing to all new listing applicants and allow broader use of U.S. GAAP by eligible issuers.

Hang SengHKG:0388

Asia7d ago

Coles Group Shares Flat Amid ACCC Phase One Review of Proposed Western Australia Store Lease

Coles Group's (ASX:COL) shares were flat on Monday after the Australian Competition and Consumer Commission (ACCC) said it started a phase one initial review of a proposed lease between Coles and the trustee for Saracen Property Holdings for a supermarket within a new neighbourhood center at Clementine Village in Western Australia, the regulator said in a Friday statement.The proposed Coles supermarket is anticipated to open in July 2029, with the ACCC's determination period ending September 4, the statement added.

ASX:COL

Asia7d ago

Market Chatter: Uniqlo Targets More Than 100 Indian Stores by 2031

Fast Retailing's (TYO:9983) Uniqlo plans to expand its India footprint fivefold to over 100 outlets within five years, focusing on major cities like New Delhi, Nikkei Asia reported on Friday, citing sources familiar with the matter.Currently operating 20 stores since entering India in 2019, the brand will balance imports with local manufacturing to comply with sourcing rules, the publication said.Chairman and CEO Tadashi Yanai sees India's 1.4 billion population as offering immense potential for future cash flow, 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:9983

Asia7d ago

XPeng to Recall Over 33,000 X9 Vehicles Over Front Air Spring Defect

XPeng (HKG:9868) will recall 33,473 X9 vehicles in China from Aug. 28 due to a defect in the front air springs that could affect vehicle handling and increase the risk of a crash, according to a State Administration for Market Regulation statement on Friday.The recall covers X9 vehicles manufactured between Aug. 8, 2023 and Aug. 11, 2025.The regulator said manufacturing process fluctuations could reduce the airtightness of the front air springs, causing them to gradually leak after prolonged use in hot and humid conditions.XPeng will replace the front air spring strut assembly with an improved version free of charge. Vehicles that have already received the upgraded parts will not require further repairs.

HKG:9868

Asia7d ago

Update: Myer Holdings Posts Higher Fiscal Year 2026 Sales, Gross Operating Profit; Shares Near Six-Year Low

(Updates to add stock movement in the headline and last paragraph)Myer Holdings (ASX:MYR) reported total sales for fiscal year 2026 of AU$4.1 billion and operating gross profit between AU$1.6 billion and AU$1.61 billion, according to a Monday Australian bourse filing.The company reported total sales of AU$3.67 billion and operating gross profit of AU$1.41 billion for fiscal year 2025, an earlier filing showed.The company's shares fell around 8% in recent trading on Monday and earlier reached their lowest since October 2020.

ASX:MYR

Asia7d ago

Anker Innovations Nets HK$338 Million From Partial Exercise of IPO Over-Allotment Option

Anker Innovations (HKG:0668, SHE:300866) said the over-allotment option of its Hong Kong initial public offering was partially exercised on Sunday, according to a same-day Hong Kong bourse filing.The consumer electronics company expects to raise about HK$337.9 million in additional net proceeds.The exercise involved the issue of 3.44 million additional H-shares at HK$99.32 each, representing about 7.4% of the total offer shares available under the global offering.Dealings in the over-allotment shares are expected to begin on July 29, the filing said.

HKG:0668SHE:300866

International7d ago

China Adds 14 EU Entities to Export Control List

China added 14 European Union entities to its export control list, banning the export of dual-use items to the organizations with immediate effect, according to a Ministry of Commerce release issued Friday.The targeted entities include Germany's Rheinmetall AG, Italy's Lafert SpA, France's III-V Lab, Poland's Vigo Photonics SA, and the Netherlands' IHC Merwede.Under the measures, exporters are prohibited from supplying dual-use items to the listed entities, while foreign organizations and individuals are barred from transferring or providing China-origin dual-use items to them.Existing related activities must cease immediately, the statement added.The Ministry of Commerce said exporters requiring exemptions under special circumstances must apply for approval.

Shanghai Composite^SZSE

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