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Pee Cee Cosma Sope Approves Up to INR35 Million Investment in Subsidiary

Pee Cee Cosma Sope (BOM:524136) approved an investment of up to 35 million Indian rupees in its wholly owned subsidiary, India Trading Infra, through subscription to a rights issue, according to an Indian bourse filing on Saturday.Shares of the company fell nearly 1% in Monday's trade.The company plans to subscribe to up to 3.5 million equity shares of 10 rupees each at par, in one or more tranches, the filing said.The investment is aimed at supporting working capital requirements and business expansion of the subsidiary, it said.

BOM:524136

Asia133d ago

New Zealand Shares Fall Amid Failed US-Iran Peace Talks; Fonterra Co-operative Group Implements Over NZ$3 Billion Capital Return

New Zealand shares closed lower on Monday as all Asian markets saw losses after peace talks between the US and Iran failed during the weekend.The S&P/NZX 50 Index fell 1.22% or 161.26 points to close at 13,020.18.US President Donald Trump warned on social media that the US Navy would immediately begin blockading all ships attempting to enter or leave the Strait of Hormuz after a failed talk with Iran.The US military said it will begin a blockade of all maritime traffic entering and exiting Iranian ports and coastal areas on Monday."The market is now largely back to conditions before the ceasefire, except now the US will block the remaining up to (2 million barrels) Iranian-linked flows through the Strait of Hormuz as well," said MST Marquee analyst Saul Kavonic, as quoted by Reuters."The key remaining question is if the US renews strikes on Iran, raising the risk of strikes on energy infrastructure across the region, which could have a further lasting impact beyond the duration of the war," Kavonic added.In domestic news, the Reserve Bank of New Zealand (RBNZ) is now expected to consecutively increase the official cash rate three times by 25 basis points in July, September, and October, taking the policy rate to 3%, according to a report by ANZ.Also, New Zealand's fuel spending jumped a massive 15% month-on-month in March as prices surged, siphoning a large amount of cash from households' wallets and weighing on spending in other areas, said Westpac.Further, New Zealand's services sector shrank in March, posting its third consecutive monthly decline as the conflict in the Middle East impacted consumer confidence, with discretionary spending hit particularly hard, BusinessNZ said.In corporate news, Fonterra Co-operative Group's (NZE:FCG) roughly NZ$3.2 billion capital return to shareholders was implemented on April 10.Synlait Milk (NZE:SML, ASX:SM1) said it implemented enhanced testing earlier this year for all infant formula products, which resulted in extended release times and also had an impact on working capital requirements.

^NZ50ASX:A2MASX:SM1NZE:ATMNZE:FCGNZE:SML

International133d ago

Indonesia Retail Sales Expected to Accelerate in March, Survey Shows

Indonesia's retail sales are expected to continue rising in March, according to Bank Indonesia's latest Retail Sales Survey released Monday.The Real Sales Index (RSI) is projected to grow 2.4% annually, supported by gains in spare parts and accessories, food and beverages, and cultural and recreational goods.Monthly, retail sales are forecast to jump 9.3% in March, accelerating from 4.1% in February. The improvement is driven by stronger demand across most categories, including information and communication equipment, automotive fuel, and clothing, as household consumption rises during Ramadan and ahead of Eid-ul-Fitr, the central bank said.

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Asia133d ago

Zhejiang Longsheng Group Discloses 2026 Related-Party Deals

Zhejiang Longsheng (SHA:600352) disclosed its routine related-party transactions in 2026, according to a filing with the Shanghai bourse.The chemical manufacturer expects to buy up to 45 million yuan from Chengdu Beifang Chemical and 30 million yuan from Zhejiang Jitai New Materials.Service fees to Shaoxing Shangyu Zhonglian Environmental are capped at 19 million yuan. Sales of products and energy to Longsheng Thin Plate and Zhongqing Chemical are estimated at 54 million yuan and 16 million yuan, respectively.Shares of the company fell 7% in recent trade.

SHA:600352

Asia133d ago

Everest Industries Completes First Phase of Sale of Company's Land; Shares Up 8%

Everest Industries (NSE:EVERESTIND, BOM:508906) has completed the first phase of the sale of its vacant land at Podanur in the Coimbatore district of Tamil Nadu, India, according to a Saturday filing to the Indian stock exchanges.The building materials company's shares were up over 8% in late-morning trade on Monday.The company concluded the execution of a sale deed with G Square Properties under the first phase, in which the company has sold and transferred 16.84 acres of land. The remaining 6.48 acres of the land will be transferred by Nov. 4.Out of a total consideration of 1.34 billion Indian rupees, the company has received 1.01 billion rupees so far.

BOM:508906NSE:EVERESTIND

Asia133d ago

Australian United Investment Shareholders Approve Diversified United Investment Merger

Australian United Investment Company (ASX:AUI) shareholders voted to approve the company's acquisition of shares in Diversified United Investment from the Ian Potter Foundation under a merger agreement, according to a Monday filing with the Australian bourse.At a same-day extraordinary general meeting, 98.7% of votes were cast in favor of the acquisition and 1.3% against it.Shareholders also overwhelmingly approved two additional resolutions to facilitate option agreements under the same deal, per the filing.

ASX:AUI

Asia133d ago

Shengquan to Issue 2.50 Billion Yuan in Convertible Bonds; Shares Up 3%

Jinan Shengquan (SHA:605589) plans to issue convertible bonds worth 2.50 billion yuan, according to a Shanghai bourse filing on Monday.The convertible bonds will have a term of six years.The majority of the proceeds from the issuance, amounting to 2 billion yuan, will be used for the construction of a green new energy battery materials plant, which will produce 10,000 tons of silicon-carbon anode materials and 15,000 tons of porous carbon every year.The rest, which is worth 500 million yuan, will be used to supplement working capital.The resin manufacturer's shares jumped less than 3% during the afternoon trade.

SHA:605589

Asia133d ago

ValueMax Issues New Shares

ValueMax (SGX:T6I) allotted and issued 496,500 shares on Sunday under the exercise of the same number of warrants at an exercise price of SG$0.36 each, according to a Monday filing with the Singapore Exchange.Following the exercise, the company's share capital has increased to about 944.9 million shares, the filing said.The new shares will be listed on April 15.

SGX:T6I

Asia133d ago

Longsheng Discloses Q4 Product Operating Revenue; Shares Fall 7%

Zhejiang Longsheng (SHA:600352) posted operating revenue of 1.86 billion yuan for its dyes in the fourth quarter of 2025, according to a Friday filing with the Shanghai bourse.Shares of the chemical manufacturer fell 7% in Monday's trade.Operating revenue was 228.3 million yuan for additives and 732.3 million yuan for intermediates.

SHA:600352

Asia133d ago

Medtecs International Pulls Plug on JV with Shijiazhuang Hongray Following Strategic Review

Medtecs International (SGX:546) pulled the plug on its joint venture with Shijiazhuang Hongray, following a strategic review of plans and prevailing market conditions, according to a Friday filing with the Singapore Exchange.Shares of the protective equipment distributor were down nearly 2% in Monday trading.Following the review, the two parties have decided not to proceed with further capitalization of the joint venture company, Medtecs Hongray.In connection with the termination of the JV, Medtecs reached a separate agreement to dispose of its entire stake in RMKH Glove (Cambodia) to Hongray for $13.1 million.

SGX:546

International133d ago

Philippines Says China Energy Talks Must Uphold Sovereignty, Constitution

The Philippines said any move to revive oil and gas cooperation talks with China will strictly be in line with its constitution and legal framework, the Department of Foreign Affairs said in a statement on Sunday.The statement came amid renewed attention on proposals to reopen discussions with China on joint energy development in the South China Sea, where both countries have overlapping territorial claims.The Department said decisions on any potential deal would remain fully under its jurisdiction and guided by existing laws and jurisprudence.The development follows recent exploratory engagements between the two sides, partly driven by concerns over energy security and supply stability.

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Equities133d ago

Shenzhen Gas' Q1 Profit Rises 15% Despite Revenue Contraction

Shenzhen Gas' (SHA:601139) net profit attributable to shareholders in the first quarter rose 15% to almost 267 million yuan from 233 million yuan a year earlier, according to a Shanghai bourse filing on Saturday.Earnings per share climbed 14% year on year to 0.08 yuan from 0.07 yuan.Total operating revenue slipped 9.4% to 6.81 billion yuan from 7.51 billion yuan in the previous year.

SHA:601139

Asia133d ago

Hong Kong Technology Venture's March E-Commerce GMV Rises 11%

Hong Kong Technology Venture (HKG:1137) said its Hong Kong e-commerce business recorded a 11% month-on-month increase in gross merchandise value (GMV) to HK$681 million in March, according to an April 10 Hong Kong bourse filing.Average daily GMV on order intake remained at HK$22 million, while unique customers rose 9.8% to 647,000.Monthly active unique devices increased to nearly 1.6 million from 1.5 million in February.

HKG:1137

Asia133d ago

XD Electric's 2025 Profit Jumps 20%, Revenue Rises 7%

China XD Electric's (SHA:601179) net profit attributable to shareholders in 2025 jumped 20% year on year to 1.27 billion yuan, or 0.25 yuan per share, according to a Shanghai bourse filing on Saturday.The power transmission and distribution equipment manufacturer's shares fell over 2% during the afternoon trade.The attributable profit a year earlier was 1.05 billion yuan, or 0.21 yuan per share.Operating revenue rose 7.1% to 23.8 billion yuan from 22.2 billion yuan in the previous year.

SHA:601179

Asia133d ago

China Petroleum Engineering Declares 344-Million-Yuan Asset Impairment Provision in 2025; Shares Fall 5%

China Petroleum Engineering (SHA:600339) declared 2025 provision for asset impairment of 344.0 million yuan.Bad debt provision for receivables stood at 195.7 million yuan, impairment provision for contract assets was 141.0 million yuan and provision for inventory write-down was 7.2 million yuan, according to a filing with the Shanghai bourse.Meanwhile, asset impairment provisions of 8.1 million yuan were reversed last year.Shares of the construction engineering company fell 5% in recent trade.

SHA:600339

Asia133d ago

Guangzhou Port's 2025 Profit Falls 16%, Revenue Slips 2%; Shares Drop 4%

Guangzhou Port's (SHA:601228) net profit attributable to shareholders in 2025 fell 16% year on year to 821.6 million yuan, or 0.109 yuan per share, according to a Saturday filing on the Shanghai bourse.The Chinese port operator's shares dropped over 4% during Monday's midday trade.The attributable profit a year earlier was 973.2 million yuan, or 0.129 yuan per share.Operating revenue slipped 2% to 13.9 billion yuan from 14.2 billion yuan in the previous year.

SHA:601228

Asia133d ago

NIBE's CFO Resigns

NIBE (BOM:535136) said its chief financial officer and key managerial personnel, Jigar Shah, has resigned, effective Saturday, according to a disclosure to the BSE the same day.The defense manufacturing company's shares were down over 2% in early trade on Monday.Shah cited health reasons for his resignation.

BOM:535136

Asia133d ago

Fitch Rates Whitehaven Coal's First-Lien Senior Secured Notes 'BBB-'

Fitch Ratings gave a "BBB-" rating to Whitehaven Coal's (ASX:WHC) proposed first-lien senior secured notes, to be issued under a dual-tranche structure, the ratings agency said Monday.The first-lien senior secured notes are on equal footing with Whitehaven's first-lien senior secured term loan and first-lien senior secured revolving credit facility, and are therefore similarly rated one-notch higher than the company's long-term issuer default rating, Fitch said.The company's acquisition of the Daunia and Blackwater mines has considerably increased its scale and diversification, which Fitch cited as a key rating driver. It said Blackwater also provides further potential for expansion, including mining at Blackwater South, which is not captured in the current rating.Other rating drivers include Whitehaven's improved cost position, an expectation for the Middle East conflict to boost thermal coal demand in East Asia, strong liquidity, and reduced merger and acquisition risk in the near term, Fitch said.

ASX:WHC

Asia133d ago

China Healthwise Trims Yunfeng Stake with Nearly HK$2 Million Sale

China Healthwise (HKG:0348) disposed of 500,000 shares in Yunfeng Financial (HKG:0376) for about HK$1.6 million, according to an April 10 Hong Kong bourse filing.Shares of the health products retailer were down over 5% in Monday's midday trade.The shares were sold at an average price of about HK$3.13 each.The company expects a loss of about HK$16,000, with proceeds to be used for working capital.

HKG:0348HKG:0376

Asia133d ago

Samvardhana Motherson International's Croatian Subsidiary Gets Dissolved; Shares Down 3%

Auto components manufacturer Samvardhana Motherson International (NSE:MOTHERSON, BOM:517334) said its indirect wholly-owned subsidiary SMRC Automotive Interior Modules Croatia has been dissolved, according to a Sunday filing to the Indian stock exchanges.The company's shares were down 3% in early trade on Monday.SMRC-Croatia applied to the Commercial Court of Zagreb for its dissolution, as it had no foreseeable new business and incurring high annual costs.Subsequently, the Commercial Court of Zagreb dissolved the company from its register, rendering it dissolved from April 11.

BOM:517334NSE:MOTHERSON

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Asia133d ago

New Zealand Shares Fall Amid Failed US-Iran Peace Talks; Fonterra Co-operative Group Implements Over NZ$3 Billion Capital Return

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