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Welspun Wins INR960 Million Coated Pipe Order

Welspun Corp (BOM:532144, NSE:WELCORP) secured an order worth about 960 million rupees to supply coated line pipes from its manufacturing facility in Little Rock, Arkansas, according to a Sunday stock exchange filing.The company said the new contract lifted its consolidated global order book to about 25.8 billion rupees.

BOM:532144NSE:WELCORP

Asia7d ago

Sigma Advanced Systems Wins $105 Million Artillery Shell Export Order

Sigma Advanced Systems (NSE:SIGMAADV, BOM:532408) secured a $104.9 million export order from a North American customer to manufacture and supply 147,000 next-generation 155 mm base bleed artillery shell bodies, according to a Monday press release.The contract, valued at about 1.01 billion rupees, is scheduled for execution over the next six to 12 months.

BOM:532408NSE:SIGMAADV

Asia7d ago

China's Drug Regulator Accepts Changchun High-Tech Unit's Clinical Trial Application for GenSci155 Injection; Shares Up 5%

China's National Medical Products Administration accepted the clinical trial application of Changchun High-Tech Industry's (SHE:000661) unit, Changchun Jinsai Pharmaceutical, for GenSci155 injection, according to a Shenzhen bourse filing on Saturday.The Chinese pharmaceutical company's shares jumped 5% during Monday's afternoon trade.The drug is being developed to be used to prevent bronchopulmonary dysplasia in premature infants.

SHE:000661

Commodities7d ago

Market Chatter: Hindustan Zinc to Invest Up to $600 Million This Fiscal Year

Hindustan Zinc (BOM:500188, NSE:HINDZINC) expects to spend $500 million to $600 million on capital expenditure this fiscal year, with about 80% earmarked for projects already in progress, the Press Trust of India reported Sunday, citing Chief Executive Officer Arun Misra.The balance will fund new projects that the company plans to announce shortly, the report said.Hindustan Zinc has an expansion pipeline of about 1 million tonnes, including approved projects covering 250,000 tonnes of capacity, the report said.According to report, Misra said mining equipment orders have already been placed, and work on a new smelter has begun, while contracts for milling and concentrate-related facilities remain pending.(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.)

BOM:500188NSE:HINDZINC

Asia7d ago

Shanghai Electric Power's H1 Power Generation Slips 8%

Shanghai Electric Power's (SHA:600021) power generation in the first half fell 7.6% year on year to almost 35 billion kilowatt hours, according to a Shanghai bourse filing on Saturday.The power company rose 1% during Monday's afternoon trade.The coal-fired power, gas-fired power and wind power all declined from a year earlier. Only solar power recorded year-on-year growth.Total on-grid electricity slipped 7.8% year on year to 33.5 billion kWh.

SHA:600021

Asia7d ago

Encounter Resources' Drilling at Western Australia Copper-Gold Prospect Suggests Mineralization to Strengthen at Depth, Euroz Hartleys Says

Encounter Resources' (ASX:ENR) latest drilling results at the Elsa prospect within the Lamil project in Western Australia indicate mineralization may strengthen at depth, highlighting the potential for a larger sulphide-rich copper-gold system and supporting further drilling, Euroz Hartleys said in a Monday note.The latest copper results at Elsa include 18 meters at 0.45% copper from 96 meters, and gold results include six meters at 1.74 grams per tonne grade of gold from 94 meters."While grades are somewhat modest, they remain highly encouraging, providing an exploration focus for follow-up activities," the equity research firm said.It added that Encounter Resources also reported geological similarities to the breccia-hosted Havieron deposit, suggesting the potential for a sizeable mineralized system.Euroz Hartleys maintained a speculative buy rating on Encounter Resources with a price target of AU$0.85 per share.The company's shares advanced 11% in recent Monday trade.

ASX:ENR

Asia7d ago

Echelon Resources Spuds Northern Territory Appraisal Well

Echelon Resources (ASX:ECH) said the Palm Valley 14 appraisal well in the Northern Territory was spudded by Ensign Rig 974 on July 25, according to a Monday Australian bourse filing.A two-well drilling program is expected to run for around 4.5 months, and the wells are expected to return field production to the processing facility's capacity of around 14 terrajoules per day.Gas will be sold to the Northern Territory government under a gas supply agreement. Central Petroleum is the operator of the Palm Valley permit with a 50% stake, Echelon Palm Valley holds a 35% stake, and Cue Palm Valley holds a 15% interest.Its shares fell 2% in recent trading on Monday.

ASX:ECH

Asia7d ago

GalaxyCore Gets 57 Million Yuan Order for Image Sensors

GalaxyCore (SHA:688728) received a 57 million yuan order from a global smartphone company to supply 50-megapixel image sensor products with a 0.64 μm pixel size, according to a Shanghai bourse filing on Saturday.The semiconductor and integrated circuit designer's shares slipped 1% during Monday's afternoon trade.The 0.64 μm 50-megapixel image sensor, which is used in a variety of smartphone camera modules, is developed in the company's GalaxyCell 2.0 process platform.

SHA:688728

Asia7d ago

Apollo Minerals Says French Administrative Court Grants Interim Suspension of Letter Confirming Validity of Exploration Permit

Apollo Minerals (ASX:AON) said the Administrative Court of Toulouse in France granted an interim suspension of a letter from the Directorate General for Energy and Climate confirming the validity of the Couflens exploration permit, according to a Monday Australian bourse filing.A group of non-government organisations had filed an application against the French state with the Administrative Court seeking the interim suspension of the letter.The Directorate General for Energy and Climate has confirmed to the firm that the Minister will be filing an urgent appeal with the Council of State in the coming days seeking to overturn the interim suspension order.The French State said the interim ruling does not call into question the validity of the exploration permit as confirmed by the Council of State, and that the Couflens tungsten deposit is strategically important for the security and resilience of France's supply chains.

ASX:AON

Asia7d ago

Circuit Fabology Completes Four Funded Projects; Hong Kong Shares Up 8%

Circuit Fabology Microelectronics Equipment (SHA:688630, HKG:9630) completed four projects funded from a private placement launched in 2023, according to a Saturday filing with the Shanghai bourse.The Chinese printed circuit board maker's projects funded by the private placement are a direct-write lithography equipment industrial application deepening and expansion project, an IC carrier board and carrier-like direct-write lithography equipment industrialization project, a key subsystems and core components independent R&D project, and a working capital supplementation project.Of the 789.4 million raised in net proceeds, 189.3 million yuan remained.Shares rose nearly 8% in Hong Kong during afternoon trading on Monday.

HKG:9630SHA:688630

Asia7d ago

SKC Swings to Loss in Q2; Sales Rise 38%

SKC (KRX:011790) posted a net loss attributable to owners of the parent of 90.7 billion won in the second quarter, swinging from net income of 3.4 billion won a year earlier.Sales rose 38.3% to 645.5 billion won from 466.8 billion won for the three months ended June 30, according to a Monday filing with the Korea Exchange.Shares of the chemical and film manufacturer fell more than 1% in recent trade.

KRX:011790

Asia7d ago

Fwusow Industry Responds to Report on Fire Incident in Feed Mill

Fwusow Industry (TPE:1219) said it has not been imposed any fine following a fire at its Shalu Feed Mill in Taichung, according to a Monday filing with the Taiwan Exchange.The animal feed and cooking oil maker was responding to a Central News Agency report which cited a potential fine of NT$100,000 to NT$5 million in case the company was found to have violated relevant laws.The fire, which broke out during equipment maintenance, was contained promptly and the cause remains under investigation.

TPE:1219

Asia7d ago

Taiwan Environment Advances in Miaoli Landfill Revitalization Project

Taiwan Environment Scientific Co (TPE:8476) has been selected as the first-priority applicant in the Miaoli City Municipal Solid Waste Sanitary Landfill Revitalization Project in Miaoli County, Taiwan, according to a Monday filing with the Taiwan stock exchange.The selection followed the preliminary review of the feasibility study report submitted by the company.Shares of the environmental engineering company were down nearly 8% in recent trade.

TPE:8476

Asia7d ago

Shanghai Pharmaceuticals Ends Clinical Trial on Salvianolic Acid A for Injection

Shanghai Pharmaceuticals (SHA:601607, HKG:2607) decided to terminate the clinical trial and development of salvianolic acid A for injection, according to a Shanghai bourse filing on Saturday.The Chinese pharmaceutical company's Hong Kong shares rose 2% during Monday's afternoon trade.The drug was intended for the treatment of angina pectoris associated with coronary heart disease.The company said the decision was made to optimize the allocation of funds on projects with "greater strategic advantages".

HKG:2607SHA:601607

Asia7d ago

Update: Encounter Resources Says Drilling at Western Australia Copper-Gold Project Defines Target; Shares Rise 11%

(Updates the stock movement in the headline and last paragraph.)Encounter Resources (ASX:ENR) said reverse circulation drilling at the Elsa prospect, part of its Lamil copper-gold project in Western Australia, defined a new target, according to a Monday Australian bourse filing.Drilling intersected shallow copper-gold mineralization in adjacent holes at the prospect, including intercepts of 18 meters at 0.45% copper from 96 meters as well as six meters at 1.74 grams per tonne grade of gold from 94 meters.Reverse circulation and diamond drilling are planned to test the gold-copper target at Elsa after the completion of the Parbo copper drilling.Its shares rose 11% in recent trading on Monday.

ASX:ENR

Asia7d ago

New Zealand Shares Reach All-Time High; Spark New Zealand Starts Review of Digital Services Division

New Zealand shares rose to their all-time high as most Asian markets saw gains amid a pause in the Middle East conflict.The S&P/NZX 50 Index rose 0.57% or 78.40 points to close at an all-time high of 13,850.69.Iran said it would halt its attacks if the United States did the same, Reuters reported on Sunday, citing a senior Iranian official, as Washington paused its bombing campaign after advisers warned Trump that viable targets were dwindling and raised concerns about straining the US arsenal.On the domestic front, total new residential mortgage lending in New Zealand fell to NZ$8.45 billion in June from NZ$8.63 billion in May, according to data from the Reserve Bank of New Zealand.In corporate news, Spark New Zealand (ASX:SPK, NZE:SPK) started a strategic review of its Digital Services division.Meridian Energy (ASX:MEZ, NZE:MEL) has received approval to develop the 110 megawatt Morrinsville Solar Farm in Waikato, with around 230,000 solar panels expected to generate up to 200 gigawatt-hours of renewable electricity annually, enough to power more than 25,000 homes.

^NZ50ASX:MEZASX:SPKNZE:MELNZE:SPK

Asia7d ago

Samsung Card's Q2 Net Attributable Income Rises 2%; Sales Up 2%

Samsung Card (KRX:029780) posted a 2% year-over-year increase in net income attributable to owners of the parent to 154.2 billion won for the second quarter from 151.2 billion won.Sales declined 6.3% to 1.178 trillion won from 1.257 trillion won for the three months ended June 30, according to a Monday filing with the Korea Exchange.Shares of the credit card company rose more than 2% in recent trade.

KRX:029780

Asia7d ago

Adtigers Board Chair Resigns; Successor Named

Adtigers (HKG:1163) said Chang Sufang has resigned as board chair, effective Monday, to separate the roles of chairperson and chief executive officer as part of the company's corporate governance changes.She will remain an executive director and chief executive officer, the company said in a same-day Hong Kong bourse filing.Yang Wei has been appointed as non-executive director and chairman of the company, effective same date.

HKG:1163

Asia7d ago

Unigroup Plans to Acquire Ruineng Semiconductor for 1.90 Billion Yuan

Unigroup Guoxin Microelectronics (SHE:002049) plans to acquire Ruineng Semiconductor for 1.90 billion yuan, according to a Shenzhen bourse filing on Saturday.The Chinese semiconductor company's shares rose 1% during Monday's afternoon trade.Part of the funds for the transaction will be raised through a 396 million yuan share placement.

SHE:002049

Asia7d ago

Nagoya Railroad to Dissolve Meitetsu Department Store, Absorb Gift Certificate Business

Nagoya Railroad Co (TYO:9048) will dissolve Meitetsu Department Store on Sept. 6 and transfer the subsidiary's gift certificate business to the company through an absorption-type company split, according to a Tokyo bourse filing on Friday.The company will also merge with subsidiary Meitetsu Customer Service while waiving claims against both subsidiaries.Meitetsu Department Store ceased operations on Feb. 28.Shares of the railway company rose more than 1% in Monday trade.

TYO:9048

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