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Zhejiang Medicine 2025 Profit Declines 25%; Shares Down 3%

Zhejiang Medicine (SHA:600216) posted 2025 attributable net profit of 873.4 million yuan, down 25% from 1.16 billion yuan the previous year.Earnings per share declined to 0.91 yuan from 1.21 yuan, according to a filing with the Shanghai bourse.Operating revenue slid 5.3% year over year to 8.88 billion yuan from 9.38 billion yuan.Shares of the pharmaceutical company were down 3% in recent trade.

SHA:600216

Asia87d ago

Midas Minerals Says Drilling at Namibia Prospect Intercepts Copper-Silver Mineralization, Shares Fall 6%

Midas Minerals (ASX:MM1) said drilling at the Spaatzu prospect within the Otavi copper project in Namibia intercepted significant copper and silver mineralization, according to a Monday Australian bourse filing.Portable X-ray fluorescence readings from a drill hole included a 32-meter interval with readings averaging 1.8% grade of copper and 11 grams-per-tonne grade of silver from 152 meters, within a 52-meter mineralized interval. It also hit an intercept of 13 meters at 1.77% grade of copper and a 39.5 g/t grade of silver from 72 meters.Further drilling is required to delineate the full extent of mineralization and understand structural and lithological controls, it said.Its shares fell 6% in recent trading on Monday.

ASX:MM1

Asia87d ago

China Rare Earth Nonferrous Metals (SHA:600259) Expects Up to 281% Profit Surge in Q1

China Rare Earth Nonferrous Metals (SHA:600259) forecasted first-quarter attributable net profit of between 150 million yuan and 180 million yuan, compared with 47.3 million yuan the previous year.The up to 281% jump is due to higher rare earth prices and subsidiaries' loss reduction, according to a filing with the Shanghai bourse.Shares of the rare earth products company were down 1% in recent trade.

SHA:600259

International87d ago

South Korean Won Weakens Amid Failed US-Iran Talks

The South Korean won weakened against the U.S. dollar on Monday after the talks between the US and Iran failed after 21 hours of negotiations in Islamabad.Following the failed negotiations, U.S. President Donald Trump on Sunday warned on Truth Social that the U.S. Navy would immediately begin blockading all ships attempting to enter or leave the Strait of Hormuz.The won opened at 1,495.4 per dollar, weakening 12.9 won from the previous close, according to a Yonhap News report.According to Reuters, U.S. forces would block all maritime traffic entering and exiting Iranian ports at 10 am ET on Monday.

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Asia87d ago

Jingsheng Mechanical & Electrical's 2025 Profit Drops 65%, Revenue Falls 35%

Zhejiang Jingsheng Mechanical & Electrical's (SHE:300316) net profit attributable to shareholders in 2025 dropped 65% year on year to 884.7 million yuan, or 0.68 yuan per share, according to a Saturday filing on the Shenzhen bourse.The semiconductor equipment manufacturer's attributable shares a year earlier was 2.51 billion yuan, or 1.92 yuan per share.Operating revenue fell 35% to 11.4 billion yuan from 17.6 billion yuan a year earlier.

SHE:300316

Asia87d ago

SEM Holdings Controlling Shareholder Sells 9% Stake in Business

SEM Holdings (HKG:9929) said its controlling shareholder Yao Capital sold a 9% stake in the business to HH RSV-MIM Holdings, according to a Hong Kong bourse filing Friday.Shares of the electrical and mechanical engineering services fell over 10% in morning trade Monday.Yao Capital disposed 180 million shares of the firm for $13.2 million, reducing its stake from 75% to 66%, SEM said.

HKG:9929

Asia87d ago

Market Chatter: Singapore to Likely Adjust Monetary Policy Amid Recession Fears

Singapore is likely to tighten its monetary policy at its April 14 review, amid global recession fears, according to a report by Bloomberg News on Monday.Citing a survey in which 15 out of 18 economists expected the Monetary Authority of Singapore to tighten its policy, the report said that the country's reliance on imported energy exposes it to the crisis in the Middle East.With fuel, transport and electricity costs rising, businesses are likely to face higher input prices, the report added.The MAS is also expected to update its inflation outlook, with the Ministry of Trade slated to release its latest report on economic performance during the first quarter of the year on Tuesday, the report noted.(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.)

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Asia87d ago

Litian Pictures to Raise HK$10 Million via Share Placement

Litian Pictures (HKG:9958) said it plans to place up to 68 million new shares at HK$0.156 apiece under its general mandate, raising net proceeds of about HK$10.3 million, according to an April 10 Hong Kong bourse filing.Shares of the film production company were down nearly 4% in late morning trade on Monday.The placing shares represent about 15.7% of the company's existing issued share capital.The placing price represents a discount of about 15% to the stock's last close and nearly 16.8% to the five-day average price, the filing said.Litian Pictures said net proceeds will be used for general working capital.

HKG:9958

Asia87d ago

Vinyl Group Completes Digital Media Business Acquisition From HOYTS Group Unit

Vinyl Group (ASX:VNL) completed the acquisition of the Val Morgan Digital media business from Val Morgan and Co. (Aust.), a unit of The HOYTS Group, via an asset sale for AU$10.5 million, comprising AU$7 million in cash and AU$3.5 million in shares, according to a Monday Australian bourse filing.A total of 41.8 million ordinary shares were issued at AU$0.0837 per share as part of the deal.The business' assets include partnerships and Australia and New Zealand licences with BuzzFeed Fandom, LADbible Group, and Vox Media, which were novated to Vinyl Group as part of the deal.Vinyl also entered into a cooperation and services agreement with the HOYTS Group unit to cover outdoor and cinema advertising cross-sell capabilities.

ASX:VNL

Asia87d ago

Market Chatter: Telix Pharmaceuticals' Pipeline Validated by Regeneron Deal, Citi Says

Telix Pharmaceuticals' (ASX:TLX) co-development deal with US biotech firm Regeneron Pharmaceuticals will likely be perceived as a solid validation of Telix's drug development pipeline, Citi analyst Laura Sutcliffe said, the Australian Financial Review reported Monday.The agreement calls for a $40 million upfront payment and includes four initial programs with options for expansion. It entails a cost and profit-sharing structure, which enables Telix to co-commercialize or opt out in favor of royalties and milestones, AFR reported, citing Citi.Additionally, Regeneron's lack of presence so far in the radiopharmaceuticals field indicates that the deal could open up exposure beyond oncology, possibly expanding the breadth of the tie-up, Sutcliffe reportedly said.Citi kept its buy rating on Telix Pharmaceuticals, 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.)

ASX:TLX

Asia87d ago

Native Mineral Resources Holdings Restarts Mining at Queensland Project, Shares Slide 6%

Native Mineral Resources Holdings (ASX:NMR) said mining restarted at Blackjack in Queensland on April 9, with drill, blast, and mining operations underway at the Blackjack South open pit and ore delivered to the Blackjack run-of-mine pad, according to a Monday Australian bourse filing.Mining was suspended in October 2025 to allow for further drilling, geological model review, and the completion of updated pit optimization and pit design work.A sterilization drilling program across the Blackjack mining lease began in April, targeting around 100 holes over a four-to-six-week program. A two-to three-month drilling program also began at Far Fanning.The next blast at Blackjack is scheduled for Tuesday.

ASX:NMR

Asia87d ago

GDH Guangnan Warns of Q1 Loss Amid Drop in Swine Prices, Intensified Competition

GDH Guangnan (HKG:1203) said it expects HK$8 million to HK$9 million in consolidated attributable loss for the first quarter of 2026, compared with a profit of HK$34.8 million a year earlier, according to a Hong Kong bourse filing Friday.Shares of the food manufacturer fell nearly 3% in morning trade Monday.The firm said its financial results were affected by a drop in swine prices and intensified competition in the tin-plating business.

HKG:1203

Asia87d ago

Voicecomm Technology Enters HK$94 Million Share Sale Agreement

Voicecomm Technology (HKG:2495) agreed to issue HK$94 million worth of shares to a Chinese investor identified as Yang Minghuan, according to a Hong Kong bourse filing Friday.Shares of the IT firm gained nearly 2% in late morning trade Monday.The firm agreed to sell 2 million shares representing 5.40% of its enlarged share capital at HK$46.3 apiece.Proceeds from the sale will primarily be used to enhance the company's technological capabilities.Meanwhile, the firm amended a share sale agreement with State Fortune Global Strategic LPF to reduce the number of shares to be issued to 4.1 million from 6.73 million previously.The long-stop date for the issue was also changed to May 8 from April 10 previously.

HKG:2495

Asia87d ago

Clifford Modern Living Invests Nearly HK$43 Million in Silver Bullion

Clifford Modern Living (HKG:3686) said it made a HK$42.9 million investment in silver, according to a Hong Kong bourse filing Friday.Shares of the firm fell over 1% in morning trade Monday.The company placed an order for 70,600 ounces of allocated silver bullion which is due for completion on April 14.

HKG:3686

Asia87d ago

Aneka Tambang Plans Nickel Exploration Activities in Indonesia

Aneka Tambang (Persero) (ASX:ATM) said it plans to conduct nickel exploration in North Konawe and Pomalaa in Southeast Sulawesi, as well as within the mining business license areas of the firm's unit, PT Sumberdaya Arindo (PT SDA), in Buli, North Maluku, according to a Monday Australian bourse filing.The exploration program includes single-tube drilling, geological mapping, core sampling, core logging, drill hole measurement, geophysical surveys, drilling activities, sample preparation, and sample analysis.It conducted gold exploration activities in Pongkor in West Java via underground drilling, surface drilling, traverse survey, geological mapping, sampling, and geochemical analysis until March 31. Bauxite exploration activities were conducted in Tayan and Landak in West Kalimantan.

ASX:ATM

Asia87d ago

TOMO Completes Nearly HK$16 Million Share Placement; Shares Surge 21%

TOMO (HKG:6928) completed the subscription of 90 million new shares under a general mandate, according to an April 10 Hong Kong bourse filing.Shares of the firm surged nearly 21% in late morning trade on Monday.The shares were issued at HK$0.1748 each, raising net proceeds of about HK$15.5 million.Net proceeds will be used for working capital, including supporting the group's expansion into China's automotive parts trading market and funding inventory purchases for new supply agreements.

HKG:6928

Asia87d ago

Poly Developments Logs 10% Slide in March Contracted Sales

Poly Developments and Holdings (SHA:600048) posted a 10% decline in March contracted sales to 26.0 billion yuan.Contracted sales area fell 25% year over year to 1.1 million square meters, according to a filing with the Shanghai bourse.Shares of the property developer were up 1% in recent trade.

SHA:600048

Asia87d ago

Nova Minerals Appoints New CFO; Shares Down 4%

Nova Minerals (ASX:NVA) appointed Ashlie Thorburn as chief financial officer, effective April 20, according to a Monday Australian bourse filing.Thorburn has more than 20 years of experience in senior financial leadership roles, primarily within the mining industry across both publicly listed and private companies, the filing added.The company's shares fell almost 4% in recent Monday trade.

ASX:NVA

Asia87d ago

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

Asia87d 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

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