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Clinuvel Pharmaceuticals Says JPMorgan Increases Stake

Clinuvel Pharmaceuticals (ASX:CUV) said JPMorgan Chase & Co. and its affiliates have increased their stake in the company on April 8 to 7.02% or 3.5 million shares from 5.57% or 2.8 million shares, according to a Monday Australian bourse filing.

ASX:CUV

Asia146d ago

Hoshino Resorts Reit Sees February Revpar Rise

Hoshino Resorts REIT (TYO:3287) said its portfolio revenue per available room rose 10.5% in February, supported by strong inbound travel demand, according to a Monday filing on the Tokyo Stock Exchange.Average daily rate increased 8.6% from a year earlier, while occupancy rose 1.4 percentage points, the company said. Net sales climbed 8.3% to about 4.9 billion yen.The rise in inbound demand was driven in part by the timing of the Lunar New Year holiday, which fell in mid-February this year, boosting accommodation demand across the portfolio.While travel advisories from China continued to weigh on some locations, the impact was largely offset by increased visitors from Taiwan and South Korea, the company said.

TYO:3287

Asia146d ago

Elevra Lithium Says BNY Mellon Cuts Stake

Elevra Lithium (ASX:ELV) said The Bank of New York Mellon Corporation and its group entities have reduced their stake in the company on April 9 to 22.32% or 37.8 million shares from 23.33% or 39.5 million shares, according to a Monday Australian bourse filing.The company's shares fell 2% in recent Monday trade.

ASX:ELV

Asia146d ago

Shanghai Shyndec Pharmaceutical Expects Up to 65% Decline in Q1 Attributable Profit; Shares Slide 6%

Shanghai Shyndec Pharmaceutical (SHA:600420) forecasts attributable profit to fall 59% to 65% year over year to between 126 million yuan and 148 million yuan in the first quarter, according to a Saturday filing with the Shanghai bourse.The decline is attributable to a rise in protectionism in India and the U.S, domestic antibiotic overcapacity, and declining demand from key customers, among others, the filing said.Shares slid 6% during afternoon trading on Monday.

SHA:600420

Asia146d ago

Sakura Internet Lands JPY 3.8 Billion Generative AI Order

Sakura Internet (TYO:3778) said it has received a generative artificial intelligence infrastructure order worth about 3.8 billion yen from a national institution, according to a Monday filing on the Tokyo Stock Exchange.The order includes cloud-based high-performance computing systems such as SAKURAONE Managed HPC Cluster H100 and H200 powered by NVIDIA GPUs.The service provision period is planned through March 2027, and the company said the order is expected to be reflected in its consolidated earnings forecast for the fiscal year ending March 2027.

TYO:3778

Asia146d ago

Aeon Fantasy Targets Yen 150 Billion Sales by Fiscal 2030

Aeon Fantasy (TYO:4343) has set out a five-year management plan through fiscal 2030 aimed at reviving domestic growth, strengthening overseas operations and improving capital efficiency, according to a Wednesday filing on the Tokyo Stock Exchange.The company said key priorities include returning its domestic business to a growth path, pursuing synergies across brands, and implementing more selective overseas strategies, particularly in Southeast Asia markets.Aeon Fantasy also plans to enhance its business portfolio management and execute digital transformation initiatives designed to support earnings growth, while improving financial soundness.Under the plan, the company is targeting net sales of 150 billion yen by fiscal 2030, compared with 93.2 billion yen in fiscal 2025, and an operating margin of 10%.

TYO:4343

Equities146d ago

Dana Gas Resumes Output at Khor Mor Gas Field in Iraq

Dana Gas (ADX:DANA) said Monday it resumed production at the Khor Mor gas facility in Iraq's Kurdistan region.The Abu Dhabi-listed company said the field had intermittent operations in recent weeks. It carried out prudent operational measures during the period in coordination with government authorities.

ADX:DANA

Asia146d ago

Nxera Pharma Partner Neurocrine Biosciences Doses First Patient in Phase 2 Schizophrenia Study

Nxera Pharma (TYO:4565) said its partner Neurocrine Biosciences has dosed the first patient in a mid-stage trial of an experimental schizophrenia treatment, triggering a $22.5 million milestone payment to the Japanese drugmaker, according to a Monday filing on the Tokyo Stock Exchange.The Phase 2 study will evaluate NBI-1117570, an oral dual muscarinic M1/M4 receptor agonist discovered by Nxera, in adults with schizophrenia requiring in-patient care. The payment will be booked as revenue in the first quarter of fiscal 2026, Nxera said.The randomized, double-blind, placebo-controlled trial is expected to enroll about 120 patients. Its main goal is to measure changes in the Positive and Negative Syndrome Scale (PANSS) total score, a standard tool used to assess symptom severity, while also tracking safety and tolerability.NBI-1117570 targets muscarinic acetylcholine receptors in the brain, with M1 linked to cognitive function and M4 associated with psychosis. The compound was developed using Nxera's NxWave drug discovery platform and is being advanced under a multi-program partnership with Neurocrine.

TYO:4565

Asia146d ago

Sinolink Securities Pays 24 Million Yuan Interest for 2025 Bond

Sinolink Securities (SHA:600109) completed the payment of a 23.8 million yuan interest for a 1.20 billion yuan bond, according to a Shanghai bourse filing on Monday.The 25 Guojin 02 bond, which was issued in April 2025, has a coupon rate of 1.98% and a term of three years.The Chinese financial services company's shares rose 1% during the afternoon trade.

SHA:600109

Asia146d ago

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

Asia146d 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

International146d 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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Asia146d 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

Asia146d 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

Asia146d 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

Asia146d 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

Asia146d 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

Asia146d 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

Asia146d 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

International146d 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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Asia146d 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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