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Market Chatter: Northern Star Resources in Talks with Government-Owned Utility to Supply Additional Back-Up Power to Western Australia Grid

Northern Star Resources (ASX:NST) is in talks for commercial terms with government-owned utility Western Power for the supply of up to 70 megawatts (MW) of additional capacity for the grid in Kalgoorlie-Boulder, Western Australia, ABC News reported on Wednesday.Northern Star jointly owns the 110 MW Parkeston power station at Kalgoorlie. Western Australia's Energy Minister Amber-Jade Sanderson said it would enter into an arrangement with Northern Star to use their Parkeston facility and any excess power.Northern Star's chief technical officer, Steve McClare, said the miner's plans to build a new 140 MW thermal power station and a separate 366 MW renewable facility, including up to 32 wind turbines and 230,000 solar panels, are in the final stages.The firm's shares rose over 1% in recent trading on Wednesday.(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:NST

Asia10d ago

Keda Industrial Group to Buy Remaining Stake in Tiles Manufacturer for 7.47 Billion Yuan; Shares Surge 10%

Keda Industrial Group (SHA:600499) will purchase the remaining 51.55% stake in Twyford International from 24 shareholders led by Sunda Group for up to 7.47 billion yuan, according to a Wednesday filing with the Shanghai Stock Exchange.The transaction will entail the issuance of more than 512.4 million shares, or 21.09% of the entire share capital of Keda, equivalent to 5.38 billion yuan at 10.50 yuan apiece, and about 2.09 billion yuan in cash.Upon completion, Twyford, a producer of ceramics, glass, sanitary ware, and other products for use in African countries, will become a wholly-owned subsidiary.Shares rose 10% during afternoon trading on Wednesday.

SHA:600499

Asia10d ago

Mitsubishi Heavy Industries, ispace Sign Contract on New Lunar Module Launch

Mitsubishi Heavy Industries (TYO:7011) and ispace (TYO:9348) have signed a contract for the launch of the new lander Ultra for a lunar landing mission scheduled for 2028, according to a Wednesday release.The Ultra mission will use H3, the Japanese flagship rocket developed by Mitsubishi Heavy Industries.The partnership aims to build a privately led Japanese lunar transportation system with a domestically produced lander and rocket.The project has obtained a grant from the Ministry of Economy, Trade and Industry's Small Business Innovation Research (SBIR) program.Shares of Mitsubishi Heavy Industries and ispace both fell more than 2% in recent trade.

TYO:7011TYO:9348

Asia10d ago

Macronix International Refutes Report of General Manager Projecting Gross Margin

Macronix International (TPE:2337) clarified that a media report quoting its general manager as saying an 80% gross margin is achievable if strong market conditions continue does not constitute official company guidance, according to a Wednesday filing with the Taiwan Exchange.The clarification followed a report by Taiwan's Economic Daily News stating that General Manager C.Y. Lu was optimistic that the company could achieve an 80% gross margin if favorable market momentum persists.Shares of the non-volatile memory chip manufacturer were down 10% in Wednesday trading.Macronix said it does not provide financial forecasts and that its financial and business information should be based solely on disclosures filed through Taiwan's Market Observation Post System (MOPS).

TPE:2337

Asia10d ago

Jointown Pharmaceutical Plans Up to 2.2-Billion-Yuan Factoring

Jointown Pharmaceutical (SHA:600998) plans to launch up to 2.2 billion yuan in non-recourse accounts receivable factoring with China Minsheng Bank (SHA:600016, HKG:1988), using an up to three-year revolving facility.The deal may involve credit enhancement from controlling shareholder Chuchang Investment, making it a related-party transaction, according to a Wednesday filing with the Shanghai bourse.Shares of the pharmaceutical company rose 2% in recent trade.

HKG:1988SHA:600016SHA:600998

Asia10d ago

Serial Achieva Forecasts First-Half Net Loss

Serial Achieva (SGX:XHV) expects to report a net loss for the half-year ended June 30, dragged by unrealized foreign exchange losses incurred by the Group's Thailand subsidiary, according to a Tuesday filing to the Singapore stock exchange.The subsidiary's results were impacted by the weakening of the Thai baht against the US dollar.However, the group expects to report stronger gross profit for the first half, while the net loss attributable to shareholders is expected to be lower than that reported in the corresponding period last year.The consumer and enterprise information technology products distributor expects to release its results by Aug. 14.

SGX:XHV

Asia10d ago

Lante Optics Completes Establishment of Singapore, Malaysia Subsidiaries; Shares Down 4%

Zhejiang Lante Optics (SHA:688127) completed the establishment of a wholly-owned subsidiary in Singapore and a sub-subsidiary in Malaysia, according to a Wednesday disclosure on the Shanghai bourse.The Chinese optical components manufacturer received the enterprise overseas investment notice of filing and certificate from Zhejiang Province's regulators.The company also completed the foreign exchange registration procedures with the State Administration of Foreign Exchange's Jiaxing Branch through its bank.The company's shares dropped nearly 4% during the midday trade.

SHA:688127

Asia10d ago

Airtac International Clarifies Report Forecasting Revenue, Operating Margin for 2026

Airtac International Group (TPE:1590) clarified that a media report citing management's expectations for revenue and operating margin targets for 2026 reflects the newspaper's interpretation and should not be treated as official company guidance.The clarification followed a July 29 report on Taiwan's Commercial Times, which said Airtac told an investor conference that full-year revenue is expected to grow by more than 20% year over year and that the operating margin target is 34%, according to a Wednesday Taiwan Exchange filing.Airtac said its financial and operating information is subject only to disclosures it makes through Taiwan's Market Observation Post System (MOPS).

TPE:1590

Asia10d ago

Resources Global Drops Planned Singaraja Putra Rights Share Subscription

Resources Global Development (SGX:V7R) said it did not participate in the rights issue of its Indonesian associate, Singaraja Putra (IDX:SINI), after failing to finalize financing arrangements before the subscription deadline, according to a Tuesday Singapore Exchange filing.The company had previously secured shareholder approval for its unit, Batubara Development to subscribe for up to 111.8 million rights shares for about 558.9 billion Indonesian rupiah (around SG$40 million). However, it said funding from a combination of internal resources and external borrowings could not be finalized in time.As a result, Batubara Development's stake in Singaraja Putra was diluted to about 6.2% from 15.49%, following the completion of the rights issue.

IDX:SINISGX:V7R

Asia10d ago

PC Gold Reports Nearly AU$22 Million in Cash at June Quarter End

PC Gold (ASX:PC2) held cash of AU$21.7 million at the end of the June quarter, according to a Wednesday Australian bourse filing.The company said it completed 8,653 meters of diamond drilling at its Spring Hill Gold Project in Australia's Northern Territory over the quarter, expanding the Link Zone prospect, with its mineral resource estimate lifted 84% to 43.6 million tonnes at 1.1 grams per tonne (g/t) gold for 1.5 million ounces at a 0.5 g/t cut-off.The company's shares rose almost 2% in recent Wednesday trade.

ASX:PC2

Asia10d ago

BMC Minerals Receives Water License for Proposed Canada Mine

BMC Minerals (ASX:BMC) received a type B water license in July from the Yukon Water Board in Canada for its proposed ABM Mine at the domestic Kudz Ze Kayah project, according to a Wednesday filing with the Australian bourse.The license is valid for 25 years and allows for the extraction of potable water and disposal of wastewater from the camp during construction, operation, reclamation, and final project closure, per the filing.The company also secured a five-year class 3 quartz mining land use approval from the Yukon Department of Energy, Mines and Resources for continued exploration work at the Kudz Ze Kayah mineral tenure.BMC Minerals' cash balance decreased by AU$9.6 million during the June quarter to AU$50.3 million.The company's shares fell 1% in recent Wednesday trade.

ASX:BMC

Asia10d ago

Fujian Funeng Plans to Shed Loss-Making Textiles Arm; Shares Climb 3%

Fujian Funeng (SHA:600483) signed a letter of intent to wholly sell loss-making textile subsidiary Funeng Nanfang to its indirect controlling shareholder, Energy and Petrochemical Group.The move aims to sharpen the company's focus on its core power generation business, according to a Wednesday filing with the Shanghai bourse.Funeng Nanfang posted net losses of 72.4 million yuan in 2025 and 13.4 million yuan in the first quarter.Shares of Fujian Funeng rose nearly 3% in recent trade.

SHA:600483

Asia10d ago

Humanwell Healthcare's Unit Gets Nod to Trial HW243040 Tablets

Humanwell Healthcare's (SHA:600079) unit, Hubei Biomedical Industry Technology Research Institute, obtained approval from China's National Medical Products Administration for the clinical trial of HW243040 tablets, according to a Shanghai bourse filing on Wednesday.The drug is intended for the treatment of peripheral neuropathic pain.The pharmaceutical company's shares rose 2% during the midday trade.

SHA:600079

Asia10d ago

Union Steel Holdings Arm Signs Pact to Sell Property for SG$2.9 Million

Hock Ann Metal Scaffolding, a wholly-owned subsidiary of Union Steel Holdings (SGX:ZB9), has entered into a binding agreement to sell its property on 41 Middle Road, Singapore, for SG$2.9 million, according to a Tuesday filing to the Singapore stock exchange.The company's shares were up over 1% in Wednesday's trade.The property will be sold to Spike Brothers and is expected to result in an estimated gain of approximately SG$820,000.On July 11, Hock Ann had granted the option to purchase to Spike Brothers, who exercised the option on Tuesday by paying a deposit.

SGX:ZB9

Asia10d ago

Singapore Paincare Appoints New Continuing Sponsor

Singapore Paincare (SGX:FRQ) named UOB Kay Hian as its new continuing sponsor, effective July 30, according to a Tuesday filing with the Singapore Exchange.The new sponsor replaces Novus Corporate Finance due to commercial reasons.

SGX:FRQ

Asia10d ago

Humanwell Healthcare Offloads Subsidiary for 1.06 Billion Yuan

Humanwell Healthcare (SHA:600079), through subsidiary RFSW Holding, agreed to sell its 16.34% equity in Lefusi Health Industry to Wuhan Hairun Biotechnology for 1.06 billion yuan, according to a Shanghai bourse filing on Wednesday.After the transaction, the pharmaceutical company will no longer hold any equity in Lefusi.The company's shares rose 2% during the midday trade.

SHA:600079

Asia10d ago

Hong Kong Exchange Fund's Investment Income Falls in H1

Hong Kong's Exchange Fund posted investment income of HK$134.7 billion for the first half of 2026, down from HK$214 billion a year earlier, the Hong Kong Monetary Authority said Tuesday.The fund recorded gains of HK$49.1 billion on bonds, HK$53.7 billion on other equities, HK$34.3 billion from currency translation on non-Hong Kong dollar assets, and HK$9.4 billion on other investments.Total assets of the exchange fund stood at HK$4.46 trillion at the end of June, up from HK$4.16 trillion at the end of 2025.The HKMA said the fund benefited from strong global equity market performance, particularly AI-driven gains in semiconductor and technology stocks.The authority cautioned that geopolitical tensions, uncertainty over U.S. monetary policy and volatility in exchange rates could weigh on investment markets in the second half.

Hang Seng

Asia10d ago

Elevate Uranium Ends June Quarter With AU$28.9 Million Cash

Elevate Uranium (ASX:EL8) held cash of AU$28.9 million at the end of the June quarter, according to a Wednesday Australian bourse filing.Over the quarter, the company increased its ownership of the Marenica uranium project to 90% while the project's resource increased 31% to 52.8 million pounds of uranium oxide, the filing added.The company's shares rose 1% in recent Wednesday trade.

ASX:EL8

Asia10d ago

Zhen Ding Unit Grants 425 Million Yuan Mechanical, Electrical Engineering Deal; Shares Down 9%

Zhen Ding Technology (TPE:4958) subsidiary Qing Ding Precision Electronics (Huai'an) awarded a mechanical and electrical engineering contract worth about 424.9 million yuan to Shenzhen Yuanxing Electromechanical, according to a Tuesday filing with the Taiwan Exchange.Shares of the printed circuit board manufacturer dropped 9% in Wednesday's afternoon trade.The contract covers primary and secondary hook-up works and fixed assets for the HD03 plant.Work is scheduled to run from November 2026 through April 2027.The project will support the subsidiary's production and operations, the company said.

TPE:4958

Asia10d ago

China Aerospace Times Electronics Unit Amends Asset Swap Deal

China Aerospace Times Electronics' (SHA:600879) unit, Beijing Aerospace Times Optoelectronics Technology, made changes to its asset swap agreement with Xi'an Microelectronics Technology Institute's Xi'an Taiyi Electronics, according to a Shanghai bourse filing on Wednesday.The parties agreed to cancel plans to exchange the assets of the cryptography and information security business of China Aerospace Times' subsidiary, Aerospace Changzheng Rocket Technology, for the Beijing Telemetry Technology Institute's technological upgrading assets.The parties were not able to meet all the transactions involved in the agreement within the prescribed timeframe.Beijing Aerospace Times' agreement to swap its 100% equity in Beijing Aerospace Xinghua Technology for 58% of Xi'an Taiyi Electronics still stands, as well as Shanghai Aerospace Electronics' deal to swap its deep space exploration business' assets for Shanghai Scientific Instrument Factory's technological upgrading assets.The aerospace company's shares slipped 1% during the midday trade.

SHA:600879

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