Financial News · Live Terminal

Page 285 of 3376

RoboTechnik Intelligent Technology German Unit Signs 129-Million-Yuan Daily Operation Contract

RoboTechnik Intelligent Technology (SHE:300757) German subsidiary ficonTEC has signed an about 129-million-yuan contract.The daily operation contract is for automated manufacturing equipment serving optical component mass production, including fiber array units.Shares of the automated equipment manufacturer declined 2% in recent trade.

SHE:300757

Asia8d ago

Umios to Absorb Aquaculture, Processed Foods Businesses from Taiyo A&F

Japanese seafood company Umios (TYO:1333) plans to carry out an absorption-type company split under which it will absorb the aquaculture and processed foods businesses of its wholly-owned subsidiary Taiyo A&F, according to a Monday filing with the Tokyo Exchange.The move is aimed at strengthening Umios Corporation's product portfolio, improving operational efficiency, and combining aquaculture expertise to boost production, the filing said.The company split is expected to be carried out on Oct. 1, it said.Shares of Umios Corporation added nearly 1% in recent trade.

TYO:1333

Asia8d ago

White Cliff Minerals Says First Diamond Drill Hole at Canada Deposit Validates Geological Model; Shares Plunge 11%

White Cliff Minerals (ASX:WCN) said the first diamond drill hole at Danvers 1 deposit within the Rae copper project in Canada validated the geological model and confirming broad high-grade copper mineralization, according to a Tuesday Australian bourse filing.It hit an intercept of 50.9 meters at 2.8% grade of copper and 7.7 grams-per-tonne grade of silver from 39.7 meters, the company said. A further 21 diamond drilling assays are pending.The company's shares fell past 11% in recent trading on Tuesday.

ASX:WCN

Asia8d ago

Foxconn Unit to Boost Stake in Maxnerva to 40% in HK$152 Million Deal; Maxnerva Shares Surge 64%

Hon Hai Precision Industry (TPE:2317) or Foxconn, through subsidiary Foxconn (Far East), agreed to acquire a 33.85% stake in Maxnerva Technology Services (HK:1037) for about HK$152.4 million, according to filings with the Taiwan and Hong Kong bourses on Tuesday.Foxconn (Far East) will purchase 239 million shares from sellers FSK Holdings and FDG Fund at HK$0.6374 per share.Following the transaction, Foxconn (Far East)'s direct stake in Maxnerva will increase to 40.46% from 6.61%.The transaction triggers a possible mandatory conditional cash offer by Somerley Capital on behalf of the offeror to acquire all remaining issued shares and cancel all outstanding options of Maxnerva, valued at up to HK$272.3 million.Foxconn's shares were down nearly 5%, while those of Maxnerva surged 64% in Tuesday's late-morning trade.

HKG:1037TPE:2317

Asia8d ago

Henan Shenhuo Coal Industry and Electricity Power's Attributable Profit Surges 151% in H1

Henan Shenhuo Coal Industry and Electricity Power's (SHE:000933) attributable profit surged 151% to 4.78 billion yuan in the first half from 1.90 billion yuan in the year-ago period, according to preliminary data filed Tuesday with the Shenzhen bourse.Earnings per share at the Chinese coal mining company increased to 2.160 yuan from 0.858 yuan.Operating revenue grew 21% to 24.8 billion yuan from 20.4 billion yuan a year earlier.Shares slipped 1% during the midday break on Tuesday.

SHE:000933

Asia8d ago

Winking Studios Projects H1 Revenue to Jump At Least 20%

Winking Studios (SGX:WKS) expects first-half revenue to rise at least 20% from $19.4 million a year earlier, driven by strong demand for its game art outsourcing services and contributions from Vertic Studios and Shanghai Mineloader Digital Technology, according to a Monday Singapore Exchange filing.The company expects adjusted EBITDA to decline to between $1 million and $1.3 million from $2.4 million, reflecting increased investment in its newly acquired North America-based Studios Ampera and AI-enabled game development capabilities.Winking said it expects second-half revenue to exceed first-half levels despite higher operating costs as it continues investing in growth initiatives aimed at expanding its global presence and supporting long-term margin expansion.

SGX:WKS

Asia8d ago

True North Copper Confirms Continuity of Mineralized System at Queensland Project; Shares Up 3%

True North Copper (ASX:TNC) confirmed the continuity of a broad copper-cobalt-silver mineralized system with higher-grade zones at the Aquila discovery within the Mt Oxide project in Queensland, according to a Tuesday filing with the Australian bourse.Results from the first three diamond drill holes completed as part of this year's drilling program returned 35 meters at 0.8% copper, 0.04% cobalt, and 3.4 grams per tonne grade of silver from 32 meters, including 9.2 meters at 2.2% copper and 4 meters at 4.1% copper, the filing said.Further assays are expected over the coming months, per the filing.Shares rose nearly 3% in afternoon trade Tuesday.

ASX:TNC

Asia8d ago

Hulic to Acquire 20% of Fresh Produce Platform Farmind

Hulic (TYO:3003) will acquire about 20% of the shares of fresh produce company Farmind, according to a Tuesday release.With the move, Farmind will become an equity-method affiliate of the Japanese real estate developer.The parties expect the alliance to anchor sustainable agricultural production and aid in food supply stability.Shares of Hulic were up nearly 1% in recent trade.

TYO:3003

Asia8d ago

ESR REIT to Divest Ang Mo Kio Industrial Building for SG$33.3 Million

ESR REIT (SGX:J91U) has agreed to divest the Ang Mo Ko Industrial building in Singapore for SG$33.3 million, according to a Tuesday filing with the Singapore Exchange.The divestment of the property, which has a gross floor area of 16,754 square meters, is expected to complete in the third quarter of the year.Net proceeds from the disposal will be used to repay debt, fund acquisitions and asset enhancement initiatives.

SGX:J91U

Commodities8d ago

Australian, Western Australian Governments Launch AU$4 Million Pre-feasibility Study for Building New Oil Refinery

The governments of Australia and Western Australia will conduct a jointly funded AU$4 million pre-feasibility study for a new large-scale oil refinery in the state, to be built by Perdaman, according to a Tuesday statement.The proposed refinery is expected to create thousands of jobs, boost the local economy, and help secure diesel for regional communities in Western Australia.This is the first agreement to be signed as part of the Australian government's AU$10 million support for feasibility studies into furthering fuel refining capabilities, as it seeks to retain current refining capability in the decade beyond 2030, per the statement.Australia currently has two oil refineries: in Brisbane, Queensland and in Geelong, Victoria.

ASX 200

Asia8d ago

Alligator Energy Intersects Uranium Mineralization South of South Australia Deposit

Alligator Energy (ASX:AGE) said an around 300-hole drilling program intersected uranium mineralization south of the known extent of the Blackbush deposit, part of the Samphire uranium project in South Australia, according to a Tuesday Australian bourse filing.It encountered intercepts of 3.2 meters at 0.12%, or 1,189 parts-per-million (ppm), grade of triuranium octoxide-equivalent from 54.6 meters, as well as 2.4 meters at 0.2%, or 2,025 ppm, grade of triuranium octoxide-equivalent from 61 meters.A recent call option to purchase the Mullaquana Crown Lease provides immediate access to drill the southern extension of Blackbush, Plumbush, and the prospective corridor between the two deposits.It completed 108 delineation drill holes within the existing Blackbush mineral resource area, with infill drilling started at Plumbush.

ASX:AGE

Asia8d ago

Jinduicheng Molybdenum to Inject 782 Million Yuan in Capital into Investee; Shares Slide 3%

Jinduicheng Molybdenum (SHA:601958) will inject 782 million yuan in capital into investee company Anhui Jinsha Molybdenum, according to a Tuesday disclosure to the Shanghai Stock Exchange.The capital injection forms part of a 2.3 billion yuan capital increase Jinsha is undertaking, and Jinduicheng's contribution is proportional to its 34% stake in Jinsha.The capital boost will strengthen Jinsha's capital base and help expedite a molybdenum mine project.Shares fell 3% during morning trading on Tuesday.

SHA:601958

International8d ago

BRC: UK Shop Price Inflation Eases to 0.9% in July

The UK's shop price inflation softened to 0.9% year over year in July, from 1.2% a month ago, a survey by the British Retail Consortium showed Tuesday.The latest reading was below the consensus estimate and three-month average of 1.1%.BRC Chief Executive Helen Dickinson attributed the decline in inflation to promotions on food and alcohol during the FIFA World Cup, discounts on clothing and footwear, and other summer deals.

FTSE 100

Asia8d ago

Zhen Ding Technology Unit to Acquire NT$1 Billion in Machinery, Equipment

Zhen Ding Technology's (TPE:4958) unit, Leading Interconnect Semiconductor Technology (Shenzhen), acquired a batch of machinery and equipment for NT$1 billion, according to a Monday filing with the Taiwan Exchange.The equipment and machinery were purchased from Shinbu Corp., the filing said.

TPE:4958

Asia8d ago

American Tungsten & Antimony to Acquire Nevada Hydrometallurgical Antimony Flake Refinery, Arizona Antimony Mine

American Tungsten & Antimony (ASX:AT4) executed a share sale and purchase agreement with Nexus Metals to acquire the Del Sol hydrometallurgical antimony flake refinery in Nevada as well as the White Spar antimony mine in Arizona, which feeds the refinery, according to a Tuesday Australian bourse filing.The total consideration payable includes $3 million in cash, a total of around 1.06 billion fully-paid ordinary shares of the firm to be issued on completion of the proposed transaction, a total of 255.7 million options, issued on terms identical to the firm's existing quoted AT4OE options which are exercisable at AU$0.10 apiece on or before Oct. 17, 2028, as well as a total of 803.6 million performance rights. The issuance of the securities is subject to the firm obtaining shareholder approval.Nexus Metals will exercise its option to acquire Del Sol Refining, the owner of the refinery and the mine. The proposed transaction also includes deferred and contingent milestone payments of $20 million.Completion of the deal is subject to shareholder, regulatory, and third-party approvals.The Chief Executive of the firm, Casper Adson, plans to meet with the Nevada Division of Environmental Protection to progress approvals for a proposed increase in permitted capacity to around 100,000 tons of feed per year, as well as a proposed permit expansion for tungsten refining.Its shares fell 2% in recent trading on Tuesday.

ASX:AT4

Asia8d ago

OKP Holdings Arm Forms Joint Venture with Hwa Seng Investment

OKP Holdings' (SGX:5CF) wholly-owned subsidiary, OKP Land, has incorporated a joint venture company, RPC One, with Hwa Seng Investment, according to a Monday filing to the Singapore stock exchange.The transport infrastructure and civil engineering company's shares were down nearly 2% in Tuesday's trade.RPC One has been incorporated to undertake property development and property investment activities.The joint venture company has an issued and paid-up share capital of SG$2, comprising 2 ordinary shares, with OKP Land holding 50% or 1 share and Hwa Seng owning the other share.

SGX:5CF

Asia8d ago

Court Makes Orders Rescheduling Australian Strategic Materials Shareholder Meeting for Proposed Acquisition by Energy Fuels Unit

Australian Strategic Materials (ASX:ASM) said the Federal Court of Australia, Western Australia Registry, made orders on Tuesday rescheduling to Aug. 12 the meetings of the company's shareholders and option holders to vote on schemes of arrangement for its proposed acquisition by EFR Critical Materials, a wholly-owned unit of Energy Fuels, according to a Tuesday Australian bourse filing.The court also approved the dispatch of a supplementary explanatory statement to the scheme booklet that contains additional and updated information relevant to the schemes to Australian Strategic Materials' security holders, the company said.Dispatch of the supplementary booklet to the security holders is expected to be completed on or around July 31.The company's shares rose past 1% in recent Tuesday trade.

ASX:ASM

Asia8d ago

Yokogawa Bridge to Merge Three Subsidiaries; Shares Down 3%

Yokogawa Bridge (TYO:5911) plans to carry out an absorption-type merger, which will see subsidiary Kyokuto Kowa absorbing two other subsidiaries, Br. Holdings Corp. and Kyokuto Takamiya, according to a Monday filing with the Tokyo Stock Exchange.The company also approved the acquisition of all shares in Higashi Nihon Concrete through an in-kind dividend from Kyokuto Kowa, making Higashi Nihon a direct subsidiary, the filing said.The merger is expected to be carried out on Oct. 1.Shares of Yokogawa Bridge fell over 3% in recent trade.

TYO:5911

Wire8d ago

AuMEGA Metals Starts Inaugural Diamond Drilling at Canada Targets; Shares Fall 9%

AuMEGA Metals (ASX:AAM) started inaugural diamond drilling at targets at Isle aux Morts Granite and and the adjoining Cape Ray West area along the Cape Ray shear zone in Canada, according to a Tuesday Australian bourse filing.The drilling program is designed to test a series of structural, geochemical, and geophysical targets defined by integrating geological mapping, surface geochemistry, geophysics, and structural interpretation, per the filing.The company's shares fell nearly 9% in recent trading on Tuesday.

ASX:AAM

Asia8d ago

Zhongke WengeAI Seeks to Add Telecom Services to Business Scope; Shares Slip 6%

Beijing Zhongke WengeAI Science and Technology (HKG:1956) proposed expanding its business scope to include second-category value-added telecommunications services, according to a Monday filing with the Hong Kong bourse.The company also proposed corresponding amendments to its articles of association to reflect the change, subject to shareholder approval and registration with relevant authorities.Shares of the firm were down nearly 6% in Tuesday morning trade.

HKG:1956

Showing 5681-5700 of 67517