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Hony Media Unit Enters Five-Year Robotics Platform Deal with A-Living

Hony Media's (HKG:0419) indirect subsidiary, AIROBO (Chengdu) Technology, has entered into a five-year cooperation agreement with A-Living Smart Property Services to jointly build and operate a robotics platform for property services, according to a Friday Hong Kong bourse filing.The platform will use Hony Media's AIROBO operating system to connect and manage robots across multiple brands and categories, aiming to expand their use in community and property settings.

HKG:0419

Asia2d ago

Templeton Emerging Markets Investment Trust Reports Net Asset Value

Templeton Emerging Markets Investment Trust's (NZE:TEM) unaudited net asset value, including income, was 3.16 billion pounds sterling, or 3.4625 pounds sterling per share, as of Wednesday, according to a Friday filing with the New Zealand bourse.Unaudited net asset value excluding income was 3.13 billion pounds sterling, representing a net asset value of 3.4291 pounds sterling per share, the filing said.Its shares rose 1% in recent trading on Friday.

NZE:TEM

Asia2d ago

Far East Smarter Energy Unit Receives 7.5 Million-Yuan Government Subsidy

Far East Smarter Energy (SHA:600869) unit subsidiary Far East Cable received a government subsidy of 7.5 million yuan.The subsidy represents 12.70% of the company's most recent audited attributable net profit, according to a Friday filing with the Shanghai bourse.Shares of the digital smart city services provider rose 2% in recent trade.

SHA:600869

Asia2d ago

Konka Group to Suspend A-, B-Share Trading from Sept. 4

Chinese consumer electronics manufacturer Konka Group (SHE:000016, SHE:200016) plans to suspend trading its A- and B-shares on the Shenzhen Stock Exchange after shareholder approval and then apply to transfer the shares to the delisted share trading board.Trading of *ST Kangjia A and *ST Kangjia B, coded 000016 and 200016, will be suspended from the market open on Sept. 4 and will remain suspended until formal delisting of the stock, the filing said.Konka Group will hold an extraordinary shareholders' meeting on Sept. 14 to vote on the proposal. If shareholders reject the proposal, trading will resume on Sept. 15, it said.

SHE:000016SHE:200016

International2d ago

Middle East Geopolitical Stalemate Likely to Keep Persian Gulf Oil Flows Constrained into 2027, ANZ Says

A geopolitical stalemate in the Middle East is likely to keep Persian Gulf oil flows constrained into 2027, ANZ Research said in a note on Friday.The US' naval blockade of Iranian ports remains in place, and no negotiations are currently scheduled. Tensions across the broader Middle East have also intensified. Attacks on vessels attempting to use a US-supported shipping route near Oman have continued.Measured against February's output, the conflict has displaced over 1.9 billion barrels of crude oil supply from Persian Gulf producers since March. Cumulative losses are expected to exceed 2 billion barrels by the end of October and total 2.3 billion to 2.4 billion barrels for the year.Under the bank's base case scenario, crude oil supply in August is expected to be slightly lower than in July, with further falls in September as output from Iran and Saudi Arabia declines. A gradual reopening is expected late in the December quarter. A full return to pre-war throughput is not expected until late March 2027 quarter or early June 2027 quarter.As shipping companies adapt to operating in a higher risk environment, selective crossings, the ongoing shuttle system and other mechanisms could lift oil flows to 6 million barrels per day by the end of the year and around 11 million barrels per day by the end of the June 2027 quarter.Global product inventories have fallen to 1.8 billion barrels from 2.05 billion barrels over the past six months. Inventory releases and China's sharp reduction in crude oil imports cushioned the initial supply shock, but those buffers are rapidly diminishing. Supply is recovering only gradually, and demand destruction will be needed to rebuild inventories and ease prices.The bank raised its Brent crude oil forecast to $95 per barrel in the short term, with upside risk if the Middle East conflict intensifies.

ASX 200^NZ50

Asia2d ago

Epicon to Appeal Mareva Injunction Ruling; Shares Down 2%

Epicon (KLSE:EPICON) plans to appeal a Johor Bahru High Court decision that favoured Ibrahim & Sons Engineering and other defendants in a dispute involving a Mareva injunction.The lawsuit was filed by its unit, Transnational Builder, against Ibrahim & Sons Engineering and three individuals, according to a Thursday Malaysian bourse filing.The court ruled in favour of the defendants on Wednesday at an inter partes hearing and on their application to set aside the injunction, with costs.Epicon said it will also apply for a stay of the decision under a certificate of urgency at the Johor Bahru High Court.The company will provide further updates on any material developments.Shares of the construction company fell 2% in recent trade.

KLSE:EPICON

Equities2d ago

Saudi Aramco, Quantinuum to Collaborate on Industrial Quantum Computing

Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, and quantum computing company Quantinuum agreed to collaborate on enhancing industrial quantum computing under a signed memorandum of understanding.The Saudi state-owned oil giant and Quantinuum will explore industrial use cases, conduct fault-tolerant quantum computing research and preliminary technical onboarding, and engage in scientific and engineering knowledge sharing, according to a Friday release.

SASE:2222

Asia2d ago

Arealink's Hello Storage Utilization Rate Down to 78.5% in August

Arealink (TYO:8914) said the utilization rate at its Hello Storage facilities slipped to 78.5% at the end of August, down from 81.1% a year earlier, as newly opened sites continued to ramp up, according to a Friday filing with the Tokyo Stock Exchange.Existing-facility utilization stood at 86.52%, compared with 89% a year earlier, while new facilities recorded a 49.49% usage rate, down from 52.1% a year earlier. Total units reached 121,546, with 97,706 in use.The company opened 15 new facilities in August, including locations in Tokyo, Hyogo, Saitama, Kyoto, Osaka, Chiba, and Gumma. Partner-facility additions included two units. Arealink closed two facilities.

TYO:8914

Asia2d ago

Beijing Asiacom Information Subsidiary Signs 922 Million Yuan Computing Power Lease Deal

Beijing Asiacom Information Technology (SHE:301085) subsidiary Beijing Yakang Zhisuan Technology entered into a computing power leasing agreement with Supplier B worth 922 million yuan, including tax, according to a Thursday filing with the Shenzhen bourse.The agreement will cover the lease of computing power resources for 60 months for Beijing Yakang Zhisuan Technology's ordinary business operations, the filing said.

SHE:301085

Asia2d ago

Hi-Lex to Invest 1.2 Billion Yen in Door Module Production

Automotive equipment manufacturer Hi-Lex (TYO:7279) plans to invest 1.2 billion yen to establish a mass-production system for door module products in Japan after securing its first domestic order, according to a Friday filing with the Tokyo Stock Exchange.Hi-Lex will construct an extension to the Kyushu plant of Hi-Lex Act and introduce production equipment required for the mass production of door module products. Large plastic module plates will also be produced in-house, the filing said.Shares of Hi-Lex fell 1% in recent trade.

TYO:7279

Asia2d ago

IK Holdings' August Sales Drop 28%

IK Holdings (TYO:2722) posted total sales of 1.02 billion yen for August, down 28% from a year earlier, according to a Tokyo bourse filing on Friday.Revenue from the sales marketing segment declined 28% to 849 million yen, while direct marketing revenue fell 26% to 172 million yen.Cumulative sales in the first three months of the fiscal year dropped 18% to 3.09 billion yen.

TYO:2722

Asia2d ago

Prospect Logistics Sets THB9 Maximum Price for 360 Million Units in Third Capital Increase

Prospect Logistics and Industrial Freehold and Leasehold Real Estate Investment Trust (SET:PROSPECT) will offer up to 360 million additional trust units at a maximum subscription price of 9 baht per unit as part of its third capital increase, according to a Friday filing with the Thai stock exchange.The units will be offered to existing unitholders at a ratio of one new unit for every 0.3822 existing units.The manager said existing unitholders' subscription notices, initially calculated at 10.50 baht per unit, will be recalculated to 9 baht. If the final price is lower, subscribers will receive a refund of the difference without interest or damages.Subscriptions scheduled for Sept. 9 to 23 will have the final subscription price announced on Sept. 17.The number of additional trust units issued in the third capital increase will be up by 450 million units.

SET:PROSPECT

Asia2d ago

AmFirst REIT Seeks Unitholders' Nod to Sell Menara AmBank for MYR331 Million

AmFirst Real Estate Investment Trust (KLSE:AMFIRST) is seeking unitholders' approval for the proposed 331 million ringgit disposal of Menara AmBank to AmBank (M).The transaction, which is subject to unitholder approval, involves the sale of the 46-storey freehold office building in Kuala Lumpur for cash.Proceeds will be used to settle borrowings, partially repay bank debt and cover transaction expenses.

KLSE:AMFIRST

Asia2d ago

FIC Global Unit's Chairperson Resigns

FIC Global (TPE:3701) said chairperson and legal representative of its unit, Prime Technology (Guangzhou), Lo An-Ti, has resigned on Friday, according to a same-day Taiwan Exchange filing.The company has not appointed a successor yet.

TPE:3701

Asia2d ago

ARBOR Technology Unit OKs Up to NT$450 Million Cash Capital Increase

ARBOR Technology (TWO:3594) unit AMobile Solutions has approved a cash capital increase of up to NT$450 million by issuing 5 million new shares.The shares will be priced at NT$90 each, at a par value of NT$10, according to a Friday Taiwan Stock Exchange filing.Funds raised will be used to replenish working capital and make long-term equity investments.

TWO:3594

Equities2d ago

Waga Energy, Casella Waste Systems Start Renewable Gas Plant in US

Waga Energy (WAGA.PA) and Casella Waste Systems commenced operations at a renewable natural gas facility at the McKean Landfill in Pennsylvania, US.The facility can process up to 2,000 standard cubic feet per minute of landfill gas and produce up to 407,000 million British thermal units of renewable gas annually, according to a Thursday release.The French renewable natural gas producer fully funded the construction of the facilities and will own and operate each one for 20 years, while the companies will share revenue generated from gas sales.The McKean facility is the third to begin operations this year under Casella and Waga's 2023 partnership.

$WAGA.PA

Asia2d ago

Far East Smarter Energy Pays First Installment for Fudi Wangwang Industrial's Stake

Far East Smarter Energy (SHA:600869) paid the first installment for the acquisition of 80% of Huizhou Fudi Wangwang Industrial Development, according to a Shanghai bourse filing on Friday.Fudi Wangwang was acquired for 216 million yuan.The Chinese digital smart city services provider's shares rose 2% during the morning trade.

SHA:600869

Asia2d ago

Mm2 Asia, Unit Seek Two-Month Extension of Moratorium Orders

Mm2 Asia (SGX:1B0) and its unit mm2 Entertainment have applied to Singapore's High Court to extend their respective moratorium orders by a further two months to Nov. 21.The companies are also seeking court approval to convene meetings of certain creditors to consider and vote on proposed schemes of arrangement, according to a Thursday Singapore Exchange filing.The applications will facilitate the proposed restructuring process and subsequent creditor meetings.Mm2 Asia said it will provide further updates when there are material developments.

SGX:1B0

Asia2d ago

Shenzhen Minglida Precision Technology's CFO Resigns

Shenzhen Minglida Precision Technology's (SHE:301268) chief financial officer and director, Han Fang, submitted her resignation due to personal reasons, according to a filing with the Chinese bourse.Han's term was expected to end on Nov. 10, 2028. Han will continue to hold other positions within Shenzhen Minglida Precision Technology, the filing said.The company board will elect a replacement director and name a new CFO soon.Shares of Shenzhen Minglida Precision Technology rose 1% in recent trade.

SHE:301268

Asia2d ago

Orgabio Arm to Acquire Land in Selangor, Malaysia for Warehouse

Orgabio Manufacturing, a wholly-owned subsidiary of Orgabio Holdings (KLSE:ORGABIO), has agreed to acquire a piece of freehold land measuring 5,263 sq m in Selangor, Malaysia, from Chung Lian Fatt for 11.3 million ringgit, according to a Thursday filing with the Malaysian stock exchange.The company's shares were down nearly 2% in Friday's trade.The 19-year-old building in Semenyih is being used as badminton courts, which the company plans to convert for warehousing.The purchase price will be paid in cash, financed through a combination of internally generated funds of 2.3 million ringgit and bank borrowings of nearly 9 million ringgit.The instant beverage premixes manufacturer said the site was suitable for the company's warehouse due to its strategic location adjacent to the company's new factory at Sungai Purun, Semenyih.The proposed acquisition is expected to be completed by the fourth quarter of 2026.

KLSE:ORGABIO

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International2d ago

Middle East Geopolitical Stalemate Likely to Keep Persian Gulf Oil Flows Constrained into 2027, ANZ Says

ASX 200^NZ50