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Zhejiang Longsheng Plans Debt Instrument Issuance of Up to 13 Billion Yuan

Zhejiang Longsheng (SHA:600352) plans to apply for unified registration and issuance of up to 13 billion yuan in non-financial corporate debt financing instruments.These include super-short-term commercial paper, short-term commercial paper, medium-term notes, and perpetual notes, according to a filing with the Shanghai bourse.Proceeds will be used for working capital, debt repayment, project construction and other uses.Shares of the chemical manufacturer closed 7% lower Monday.

SHA:600352

Asia146d ago

Curves' Profit Up 5.8% in Fiscal H1, Raises Full-Year Forecasts

Curves' (TYO:7085) profit attributable to owners of the parent rose 5.8% to 2.23 billion yen for the fiscal first half from 2.11 billion yen a year earlier.The fitness facility operator's basic earnings per share increased to 24.22 yen from 22.90 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales jumped 9.8% in the six months ended Feb. 28, to nearly 20 billion yen from 18.2 billion yen in the prior year.It declared a final dividend of 9 yen per share, payable from May 13.In a separate filing, Curves raised its forecasts for the fiscal year ending Aug. 31, citing better-than-expected first-half results.The company now expects attributable profit of 4.85 billion yen from 4.7 billion yen previously, basic EPS of 52.67 yen from 51.05 yen, and net sales of 42.3 billion yen from 41.3 billion yen.Curves plans to pay a year-end dividend of 20 yen per share for the current year, which is higher than the 9 yen per share paid in the year-ago period.In a separate disclosure, Curves said it will receive a dividend of 1.72 billion yen from its consolidated subsidiary, Curves Japan, following a resolution on April 13.The dividend will be recorded as net sales in the non-consolidated settlement but will have no impact on the company's consolidated financial results for the fiscal year ending August 31.

TYO:7085

Asia146d ago

Ibiden Shuts Website after Unauthorized Content Appears

Ibiden (TYO:4062) said its official website was hit by a service outage that led to the display of an unauthorized web page, prompting the company to suspend access and investigate a possible external intrusion, according to a Monday filing on the Tokyo and Nagoya stock exchanges.The company said it shut down the affected server after confirming early in the morning that unrelated content had appeared on its website.Ibiden said it is working to identify the cause of the incident, restore services and implement measures to prevent a recurrence.It said no damage such as leakage of personal information has been confirmed so far, though it advised users who may have accessed the unauthorized page to update their device security.

TYO:4062

Asia Markets146d ago

US Equity Investors to Train Focus on Quarterly Earnings, Escalation of Iran War This Week

US equity investors will focus on Q1 earnings and developments in the Iran war following President Donald Trump's announcement of a blockade of the Strait of Hormuz after Iran peace talks in Pakistan ended with no agreement.* Q1 earnings season will begin this week in right earnest with the release of quarterly results from mega-cap banks, including JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Morgan Stanley (MS), and Goldman Sachs (GS).* Trump and his advisers are looking at resuming limited military strikes in Iran in addition to the blockade as a way to break a stalemate in peace talks, The Wall Street Journal reported Monday, citing officials and people familiar with the situation.* The announcement of the blockade could draw American forces into a prolonged struggle to control the strategic chokepoint while compounding the global economic damage caused by the conflict, a separate report from the WSJ said.* West Texas Intermediate crude oil futures surged 8% to $104.59, and Brent crude futures soared 7.8% to $102.95 early Monday. US Treasury yields also rose, with the 10-year up 1.8 basis points to 4.34% and the two-year climbed 2.1 basis points to 3.82%. The ICE US Dollar index advanced 0.3% to 98.99, reflecting the greenback's strength against the world's major currencies.* Iran said no port in the Persian Gulf or the Sea of Oman would be safe if its ports are threatened, after Trump confirmed that the US blockade on ships entering or exiting Iranian ports would take effect at 10 a.m. ET Monday.* Macroeconomic data due this week includes producer price inflation, existing home sales, ADP employment change, and initial jobless claims.* Federal Reserve Governors Christopher Waller and Michelle W. Bowman, as well as New York Fed President John Williams, are among a plethora of central bank speakers due to share their views this week.

Dow JonesNasdaq CompositeS&P 500$BAC$C$GS$JPM$MS

Asia146d ago

Zhejiang Longsheng Seeks Up to 50 Billion Yuan in Bank Credit Line

Zhejiang Longsheng Group (SHA:600352) plans to apply for bank credit lines of up to 50 billion yuan to support production and working capital needs.The credit facilities include loans, bank acceptances, letters of credit, guarantees and trade financing, according to a filing with the Shanghai bourse.Shares of the chemical manufacturer closed 7% lower Monday.

SHA:600352

Japan146d ago

US Equity Futures Fall Pre-Bell After Iran Peace Talks Yield No Deal, Trump Unveils Hormuz Blockade

Sectors146d ago

Brent Crude Up 7.7% at Near US$102.50 and NY Crude Up 8.2% at Near US$102.50

$CLK6$LCOM6$USO

Mining & Metals146d ago

Brixton Metals Closes C$4 Million Private Placement Offering

Brixton Metals (BBB.V) late on Friday said it has closed a non-brokered private placement offering of national flow-through shares and critical mineral flow-through shares for combined gross proceeds of C$4.0 million.The offering is composed of 1.1 million national flow through shares at $1.35 apiece and 1.8 million critical mineral flow-through shares at $1.44 apiece.The proceeds from the sale of FT shares will be used to incur "Canadian exploration expenses" and "flow-through mining expenditures" as defined in the Income Tax Act (Canada).The proceeds from the sale of CMFT shares will be used to incur "flow-through critical mineral mining expenditures" as defined in the Act.Exploration expenditures are mainly for exploration and drilling at the company's Thorn copper-gold project in British Columbia and the Langis silver-cobalt project in Ontario.The company also paid $30,000 and issued 20,833 non-transferable common share purchase warrants to an arm's length party who assisted in introducing a subscriber to the offering. Each compensation warrant is exercisable to acquire one common share in the capital of the company at an exercise price of $1.44 until April 10, 2028.

$BBB.V

Asia146d ago

UMS Integration Proposes to Renew Buyback Mandate

UMS Integration (SGX:558) proposed to renew its buyback mandate at the upcoming annual general meeting on April 30, according to a Monday filing with the Singapore Exchange.The company intends to undertake the purchase or acquisition of its shares up to a 10% limit during the period, with a view to increasing shareholders' value and improving the return on equity of the company.

SGX:558

Mining & Metals146d ago

S&P Futures Down 0.6% As US Threatens To Block Hormuz After Peace Talks With Iran Failed Over the Weekend

S&P/TSX CompositeS&P/TSX Composite

Mining & Metals146d ago

Freegold Advancing Golden Summit Toward Pre-Feasibility and Expands Technical Leadership Team

$FVL.TO

Mining & Metals146d ago

K92 Mining Says Record Lateral Development Now Exceeding Stage 3 Expansion Requirements

$KNT.TO

Research146d ago

Evercore ISI Initiates Trane Technologies at Outperform With $535 Price Target

Trane Technologies (TT) has an average rating of overweight and mean price target of $481.67, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$TT

Mining & Metals146d ago

K92 Mining Announcing Q1 Production Results; 46,743 oz AuEq Produced, in Line With Budget

$KNT.TO

Research146d ago

Loop Capital Initiates Rollins at Hold With $56 Price Target

Rollins (ROL) has an average rating of overweight and mean price target of $64.35, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$ROL

Research146d ago

Evercore ISI Initiates Johnson Controls International at In Line With $155 Price Target

Johnson Controls International (JCI) has an average rating of overweight and mean price target of $145.61, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$JCI

Asia146d ago

HJ Shipbuilding & Construction Wins KRW350 Billion Redevelopment Project

HJ Shipbuilding & Construction (KRX:097230) secured a redevelopment project in Busan from the Beomcheon 5 District Redevelopment Project Association, according to a Monday filing with the Korea Exchange.The contract is worth 349.7 billion won, with the project comprising the construction of eight residential buildings.

KRX:097230

Asia146d ago

Hing Yip Unit to Buy to Lease Back Assets

Hing Yip (HKG:0132) unit Canton Greengold Financial Leasing will buy to lease back certain assets from Songyuan Lian Heating Development for 35 million yuan, according to a Monday Hong Kong bourse filing.The assets, comprising designated heat-transmission equipment and facilities, will then be leased back to the lessee for 67 months for a total lease payment of 43.5 million yuan.

HKG:0132

Oil & Energy146d ago

Eco (Atlantic) Oil and Gas Announced Farm Down of Namibian Portfolio to BP

$EOG.V

Asia146d ago

Hong Lai Huat Buys Back, Cancels Shares

Hong Lai Huat (SGX:CTO) bought back and canceled 203,200 shares worth SG$18,142 or SG$0.089 apiece on Monday, according to a same-day filing with the Singapore Exchange.The property developer has so far repurchased around 31.1 million shares under its existing buyback mandate.

SGX:CTO

Showing 84141-84160 of 84997

Asia Markets146d ago

US Equity Investors to Train Focus on Quarterly Earnings, Escalation of Iran War This Week

Dow JonesNasdaq CompositeS&P 500$BAC$C$GS$JPM$MS