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Many Peaks Minerals Completes 10,000 Meters of Drilling in March Quarter

Many Peaks Minerals (ASX:MPK) said it completed 10,150 meters of reverse circulation and diamond core drilling for the period ended March 31 at its Ferke Gold Project in the Ivory Coast, with 20 diamond holes pending results in the current quarter, according to a Thursday Australian bourse filing.The company said it held AU$7.6 million in cash at the end of the quarter, excluding investment holdings of AU$2.0 million convertible into cash, with exploration expenditure during the period totaling AU$3.6 million.Administration and corporate costs for the quarter amounted to AU$500,000, the company said.Many Peaks Minerals' shares slipped almost 1% in recent Thursday trade.

ASX:MPK

Asia146d ago

Air China's Passenger Capacity Rises 11% in March

Air China's (SHA:601111, HKG:0753) available seat kilometers, which measures passenger capacity, rose 11% year on year to 31.8 million in March, according to a Hong Kong bourse filing on Wednesday.The airline company's Hong Kong shares rose 2% during Thursday's morning trade.Revenue passenger kilometers, an indicator for combined passenger traffic, jumped 20% from a year earlier to 27.5 billion during the same month.Cargo capacity, measured through available freight tonne kilometers, climbed 4.1% to 1.13 billion.

HKG:0753SHA:601111

Asia146d ago

China Baoli Technologies Completes Nearly HK$13 Million Share Issue

China Baoli Technologies (HKG:0164) completed the issuance of 38.4 million new shares under a general mandate, according to a Wednesday Hong Kong bourse filing.Shares of the multimedia company gained over 2% in morning trade Thursday.The shares were issued at HK$0.40 each, raising net proceeds of about HK$12.5 million.The shares represent about 11.7% of the company's enlarged issued share capital.Net proceeds will be used for working capital, including funding its dry-grinding and dry-beneficiation projects in Mongolia.

HKG:0164

International146d ago

China Logs 1.7% Rise in Q1 Fixed Asset Investment

China's fixed asset investment rose 1.7% year over year to 10.3 trillion yuan in the first three months of the year.Private fixed asset investment decreased 2.2%, according to a Thursday news release by the National Bureau of Statistics.Industrial investment climbed 5.8%, while infrastructure investment increased 8.9%.On a monthly basis, fixed asset investment, excluding rural households, increased 0.5% in March.

Shanghai Composite^SZSE

Asia146d ago

Insignia Financial Secures Federal Court Approval for CC Capital Takeover

Insignia Financial (ASX:IFL) has received the Federal Court of Australia's approval for its acquisition by Daintree BidCo, an entity established by CC Capital Partners and its affiliates, under a scheme of arrangement, according to a Thursday Australian bourse filing.The deal is expected to become legally effective on Friday upon lodgment with the Australian Securities and Investments Commission, with trading of the company shares to be suspended the same day, per the filing.Shareholders on record as of April 21 will receive AU$4.80 per share in cash if the scheme becomes legally effective, with the transaction expected to be implemented on April 28, subject to any changes in the timetable, the filing added.

ASX:IFL

International146d ago

China's Urban Unemployment Unchanged at 5.4% in Q1

China's urban unemployment rate was unchanged year over year at 5.3% in the first quarter, according to data from China's National Bureau of Statistics.In March, urban unemployment rate was 5.4%. The unemployment rate was 5.4% for domestic laborers and 5.3% for migrant workers.The national average weekly working hours for employees was 48.1 hours.

Shanghai Composite^SZSE

Asia146d ago

Midas Minerals Says Initial Inferred Mineral Resource Estimate Completed For Namibia Copper-Silver Deposit, Shares Jump 5%

Midas Minerals (ASX:MM1) said it completed an initial inferred mineral resource estimate for the T-13 copper-silver deposit on the Otavi copper-silver-gold project, Namibia, according to a Thursday Australian bourse filing.The estimate clocked in at 10.5 million tonnes at 1.6% grade of copper, 21 grams per tonne grade of silver, containing 169,000 tonnes of copper and 7.1 million ounces of silver or 2% grade of copper-equivalent for 211,000 tonnes of copper-equivalent.The estimate was based on pre-acquisition drilling only, and it began a multi-rig drilling program to define further resources on additional target areas and to potentially increase resources on the T-13 deposit.The firm said it received firm commitments for a AU$28 million single-tranche placement at AU$0.75 per share, according to a separate filing. It will issue 37.3 million new fully paid ordinary shares under the placement under its existing capacity.It will use proceeds to expand exploration and drilling, begin initial feasibility work at the Otavi project, and for working capital.Its shares rose 5% in recent trading on Thursday.

ASX:MM1

Asia146d ago

Olam Shares Rise 7% on Clearing Last Regulatory Hurdle for Olam Agri Stake Sale

Olam (SGX:VC2) said it secured the remaining regulatory approval needed for the proposed sale of its 44.58% stake in Olam Agri Holdings to Saudi Agricultural & Livestock Investment, according to a Thursday filing with the Singapore Exchange.The company expects the transaction to be completed in due course.Shares of the agri-food business were up nearly 7% in Thursday trading.

SGX:VC2

Asia146d ago

DND Pharmatech Wins KRW1.83 Billion Anti-Obesity Drug Formulation Contract from Pfizer; Shares Rise 3%

DND Pharmatech (KOSDAQ:347850) secured a contract to provide research services for the formulation development of an anti-obesity drug from New York-based biomedical firm Pfizer, according to a Thursday filing with the Korea Exchange.The deal, valued at 1.83 billion won, is valid till Nov. 30.Shares of DND Pharmatech rose nearly 3% in recent trade.

KOSDAQ:347850

Asia146d ago

Lens Technology Books Q1 2026 Loss

Lens Technology (HKG:6613, SHE:300433) booked 149.6 million yuan in attributable loss for the first quarter of 2026, compared to a profit of 428.9 million yuan a year earlier, according to a Hong Kong bourse filing Wednesday.Shares of the electronic components maker fell over 15% in Hong Kong morning trade Thursday.Loss per share was 0.0284 yuan, compared with earnings of 0.0863 yuan in the prior year.Operating income fell 17% year on year to 14.14 billion yuan, figures showed.

HKG:6613SHE:300433

Asia146d ago

BIWIN Storage Technology Returns to Profit in Q1 on 342% Surge in Operating Income

BIWIN Storage Technology (SHA:688525) returned to an attributable profit of 2.90 billion yuan in the first quarter from a loss of 197.5 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.The semiconductor manufacturer logged 5.96 yuan in earnings per share compared with a loss per share of 0.46 yuan in the prior-year period.Operating income surged 342% year over year to 6.81 billion yuan from 1.54 billion yuan.Shares decreased 1% during morning trading on Thursday.

SHA:688525

Asia146d ago

Peel Mining Says Drilling at New South Wales Target Returns Broad Silver-Zinc-Lead Intercepts; Shares Up 3%

Peel Mining (ASX:PEX) said assays from recent reverse circulation drilling completed at the Link Zone South target at the Southern Nights Complex in New South Wales returned multiple broad, high-grade silver-zinc-lead intercepts, confirming the continuity of mineralization, according to a Thursday Australian bourse filing.The company encountered intercepts of 24 meters at 138 grams per tonne (g/t) grade of silver, 5.7% grade of zinc, 3.3% grade of lead, 0.6 g/t grade of gold, and 0.2% grade of copper from 141 meters, as well as 9 meters at 202 g/t grade of silver, 5.4% grade of zinc, 3.1% grade of lead, 0.1 g/t grade of gold, and 0.1% grade of copper from 129 meters.A recently completed deep diamond drill‑hole at the main Link Zone intersected visually significant sulfide mineralization beyond the current mineral resource envelope.Peel Mining's shares rose 3% in recent Thursday trade.

ASX:PEX

Asia146d ago

TBEA's Attributable Profit Rises 44% in 2025; Shares Jump 3%

TBEA's (SHA:600089) attributable profit rose 44% to 5.95 billion yuan in 2025 from 4.14 billion yuan. after adjustments, in 2024, according to a Thursday filing with the Shanghai bourse.Earnings per share at the electrical components manufacturer increased 45% to 1.1610 yuan from 0.7980 yuan in the previous year.Operating income edged down 0.6% year over year to 97.2 billion yuan from 97.8 billion yuan.Shares decreased 3% during morning trading on Thursday.

SHA:600089

Asia146d ago

Aurum Resources Says Diamond Drilling at Ivory Coast Deposit Extends Gold Mineralization Below Current Mineral Resource Estimate

Aurum Resources (ASX:AUE) said results from its ongoing diamond drilling program at the Boundiali gold project in the Ivory Coast extended gold mineralization at the BST1 deposit by 220 meters below the current mineral resource estimate, according to a Thursday Australian bourse filing.It encountered intercepts at the deposit of 29 meters at a grade of 1 gram per tonne of gold from 444 meters, as well as eight meters at 3.38 g/t grade of gold from 279 meters. It also hit an intercept at the BDT3 deposit of seven meters at 1.23 g/t grade of gold from 352 meters.Its shares climbed 2% in recent trading on Thursday.

ASX:AUE

Asia146d ago

Market Chatter: CATL Calls for Removal From US Restrictions; Shares Up 4%

Contemporary Amperex Technology (SHE:300750, HKG:3750) is asking the US to remove its name from the list of companies blacklisted due to alleged links with the Chinese military, Bloomberg News reported Thursday, citing insiders.The battery maker was included in the list with Tencent Holdings (HKG:0700).CATL's co-chairman, Pan Jian, argued on the company's case during his two trips in the U.S. since a year earlier, including one made with officials of the Defense Department, the report said.The sources said that Pan was concerned that the chances to be removed from the curbs were small due to the tensions between the U.S. and China, the report said.CATL is yet to respond to' request for comment on the matter.The battery maker's Hong Kong shares jumped 4% and Shenzhen bourse rose 2% during the morning trade.(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.)

HKG:0700HKG:3750SHE:300750

Asia146d ago

China Jushi Forecasts Up to 80% Rise in Q1 Profit

China Jushi (SHA:600176) expects to book first-quarter attributable net profit of between 1.17 billion yuan and 1.31 billion yuan, compared with 730.4 million yuan the previous year.The up to 80% increase was due to higher fiberglass demand, according to a Wednesday filing with the Shanghai bourse.Shares of the fiberglass manufacturer rose 6% in recent trade.

SHA:600176

Research146d ago

Research Alert: CFRA Maintains Buy Opinion On Shares Of Flex Ltd.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target price to $86 from $78, reflecting FLEX's data center dominance as a powerful tailwind. We raise our FY 27 (Mar.) EPS estimate to $3.90 from $3.56 while maintaining FY 26 at $3.23. FLEX continues to demonstrate impressive execution, capitalizing on the AI data center market's projected 28%+ CAGR through 2030. We believe the power segment is particularly compelling, with growth rates likely to exceed the overall data center target as AI workloads drive higher power requirements. FLEX's recent completion of the industry's first fully integrated gigawatt data center solution represents a significant catalyst, positioning the company to capture accelerating global demand. We expect data center growth to more than offset traditional market weakness, while improving operating leverage from favorable business mix shift. We believe these tailwinds and FLEX positioning in the market warrant our increased multiple of 22x FY 27 EPS.

$FLEX

Asia146d ago

Silver Mines Completes Field Mapping Program at California Project

Silver Mines (ASX:SVL) completed a field mapping program at the Calico North project in California, assessing along-strike variation in grade, as well as volume controls on higher grade portions, with 219 rock samples collected, and phase one drill planning is underway, according to a Thursday Australian bourse filing.Around 20% of the samples returned assays greater than 50 grams per tonne grade of silver, and 10% returned assays greater than 100 g/t grade of silver. The mapping and rock chip sampling program also confirmed the presence of barite, a designated critical mineral in the US.It also completed a field mapping program and an initial ground magnetic survey at the Kramer Hills project, also in California, confirming the location of the target structure to the west of the historic Shaherald pit.

ASX:SVL

Asia146d ago

Kangwon Energy Wins KRW16.2 Billion Steam Generation System Contract from Ankara-based Rönesans Endüstri Tesisleri

Kangwon Energy (KOSDAQ:114190) secured a steam generation system contract from Ankara, Turkey-based Rönesans Endüstri Tesisleri, according to a Thursday filing with the Korea Exchange.The client specializes in construction services and engineering, procurement, and construction in hydrocarbons, power, metallurgy and mining, and process plants sectors.The contract is valued at 16.2 billion won and is valid until June 30, 2027.Shares of Kangwon Energy rose nearly 2% in recent trade.

KOSDAQ:114190

Asia146d ago

Neurizon Therapeutics Raises Nearly AU$3 Million to Reduce Entitlement Offer Shortfall; Shares Fall 7%

Neurizon Therapeutics (ASX:NUZ) received firm commitments to raise AU$2.7 million to help fill the shortfall from its recently completed pro rata non-renounceable entitlement offer, which raised about AU$5.9 million of the targeted AU$17.1 million, leaving a shortfall of around AU$11.3 million, according to a Thursday Australian bourse filing.The company will issue 33.2 million new shares at AU$0.08 each under the shortfall placement, with the shares ranking equally with existing shares, per the filing.Settlement is scheduled for April 20, with allotment taking place on April 21, the filing said.The funds will be used to advance the ongoing clinical development and potential commercialization of its lead candidate NUZ-001, as well as to support general working capital requirements, the filing said.The company's shares fell around 7% in recent Thursday trade.

ASX:NUZ

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