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Sunpower Group Arm Sets Up Coal Unit in China

Sunpower Group (SGX:5GD) subsidiary Jiangsu Sunpower Clean Energy established Nanjing Hengyao Energy Trading in China, according to a Wednesday filing with the Singapore Exchange.The incorporation of the new subsidiary is to support the development of the group's existing business, with Nanjing Hengyao focusing on the sale of coal and coal-related products, domestic trade agency services, supply chain management and general cargo warehousing.The new business has a registered capital of 5 million yuan and will be funded by internal resources.

SGX:5GD

Treasury1d ago

China Citic Bank International Files for Singapore Listing of $500 Million Bonds

China Citic Bank International (HKG:0998, SHA:601998) filed for the listing of $400 million worth of undated Tier 1 capital bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Thursday.The bonds will be listed and quoted on the Bonds Market on or about July 23, the bank said.

^STIHKG:0998SHA:601998

Treasury1d ago

Vividthree Receives SG$1 Million from Investor

Vividthree (SGX:OMK) received a total amount of SG$1 million from an investor, following the completion of the issuance of convertible bonds under a bond subscription agreement, according to a Wednesday filing with the Singapore Exchange.The entertainment company had earlier agreed to issue unlisted, interest-bearing, unsecured, redeemable, convertible bonds at SG$0.0165 per conversion share to One and One Global.

SGX:OMK

Asia1d ago

Acrophyte Hospitality Trust Closes Sale of US Hotel; Shares Up 7%

Acrophyte Hospitality Trust (SGX:XZL) completed the divestment of Hyatt Memphis Primacy Parkway for $6.9 million, according to a Wednesday filing with the Singapore Exchange.Earlier, the trust had signed an amendment agreement with Shivam Patel to divest the 126-room hotel located in Memphis, Tennessee, US.Shares of the trust were up nearly 7% in Thursday trading.

SGX:XZL

Asia1d ago

Keppel DC REIT DPU Rises 11% in H1

Keppel DC REIT's (SGX:AJBU) distribution per unit, or DPU, was up 11.3% during the first half of the year to SG$0.0571 from SG$0.0513 a year earlier, according to a Thursday filing with the Singapore Exchange.Distributable income rose 18.5% to SG$150.7 million from SG$127.1 million a year earlier.Net property income rose 15.1% to SG$210.4 million in the first six months ended June 30, from SG$182.8 million a year ago.Gross revenue during the January to June period also climbed 14.5% year-on-year to SG$242.0 million from SG$211.3 million.Portfolio occupancy stood at 92.5% as at June 30.

SGX:AJBU

Asia1d ago

Oshidori International Expects H1 Profit to Rise 59%

Oshidori International (HKG:0622) expects to post a profit of more than HK$150.7 million for the first half, up 59% from HK$95 million a year earlier, according to a Wednesday Hong Kong bourse filing.The financial services company attributed the upbeat forecast to higher revenue and a larger share of profit from associates.

HKG:0622

Asia1d ago

China Publishes Credit Rating Regulations for Panda Bonds

China published regulations to improve the credit rating of so-called Panda bonds, or debt financing instruments of overseas non-financial enterprises, as it moves to bolster the renminbi's international reach.The regulations are effective Aug. 1, according to a Tuesday notice from the National Association of Financial Market Institutional Investors.Credit rating agencies are asked to publish the definition of credit rating and map its relationship with mainstream credit ratings, as well as align their rating work with regulatory provisions.NAFMII said it will take measures or disciplinary actions against credit rating firms that go against their regulations.

Shanghai Composite^SZSE

Asia1d ago

Shanghai MicroPort MedBot Expects Return to Profit in H1

Shanghai MicroPort MedBot (HKG:2252) expects to post a net profit of about 28 million yuan to 40 million yuan for the first half, compared with a net loss of 115 million yuan a year earlier, according to a Wednesday Hong Kong bourse filing.The company expects first-half revenue to increase about 200% to 230% year over year, driven by strong sales growth of its Toumai laparoscopic surgical robot in domestic and overseas markets.MicroPort MedBot said the turnaround to profit was also supported by an improvement of more than 15 percentage points in gross profit margin.

HKG:2252

Asia1d ago

Hanwha Ocean Discloses USD RP-Related Party Transaction with Hanwha Investment & Securities

Shipbuilder Hanwha Ocean (KRX:042660) has disclosed a related-party transaction with Hanwha Investment & Securities, a fellow affiliate within the Hanwha corporate group.The transaction involves a USD RP (Repurchase Agreement) valued at approximately 59 billion won, equivalent to $40 million based on the July 22 exchange rate of 1,475.60 KRW/USD.The transaction was executed on July 22, 2026, and runs through Aug. 24, according to a bourse filing on the same day.

KRX:042660

Asia1d ago

US Accuses Chinese AI Startup Moonshot of Theft via Distillation

White House science adviser Michael Kratsios has accused Chinese startup Moonshot AI of using Anthropic's Fable model to develop its K3 system through large-scale, covert industrial distillation.In a Wednesday tweet on X, Kratsios said Moonshot created a sophisticated internal platform to conduct distillation against U.S. models while switching access methods to avoid detection. He added that Moonshot also acquired GB300-equipped servers and accessed them in Thailand for artificial intelligence training.While the U.S. supports legitimate distillation for efficiency, the large-scale, covert industrial distillation aimed at stealing proprietary US technology is "unacceptable," Kratsios said.

Shanghai Composite^SZSE

Asia1d ago

Beijing Slams 'Discriminatory' 550 Million Euro EU Fine on Alibaba's AliExpress

China expressed "strong dissatisfaction and serious concern" over a 550 million euro fine levied by the European Commission against Alibaba Group's (HKG:9988) AliExpress.The EU imposed the penalty on Monday, accusing the online retailer of violating its Digital Services Act by failing to curb the sale of illegal, unsafe, or counterfeit goods on its platform.A spokesperson for China's Ministry of Commerce called the fine a "discriminatory" measure aimed at suppressing Chinese e-commerce operations in Europe, according to a Wednesday statement.The ministry pledged to support Chinese firms in deploying legal and "forceful measures" to defend their interests against such regulatory actions.

HKG:9988

Wire1d ago

oOh!media Signs Out-of-Home Content Agreement With Cricket Australia for 2026, 2027 Test Season

oOh!media (ASX:OML) said Thursday signed an out-of-home content agreement with Cricket Australia to deliver official cricket news, match countdowns, highlights, and live scores across the entire 2026 to 2027 Australian NRMA Insurance Men's Test season.The company in a statement said that the program will keep fans connected with the game across oOh!'s full digital network comprising airports, billboards, retail centers, street furniture, rail, offices and study environments while creating new opportunities for brands to align with live sporting moments.The company's shares fell past 2% in recent Thursday trade.

ASX:OML

Wire1d ago

Macquarie Says Macquarie Asset Management's Net Profit Contribution Down in June Quarter

Macquarie Group (ASX:MQG) said Thursday that Macquarie Asset Management's net profit contribution during the June quarter was down year over year, driven by the divestment of the North American and European public investments business in the second half of fiscal 2026.The group in a statement said that Macquarie Asset Management had AU$748 billion in assets under management as of June 30, up 4% quarter over quarter.The net profit contribution of Commodities and Global Markets rose on the prior corresponding period, driven by increased income from Commodities and increased Asset Finance income, the group said. Macquarie Capital's net profit contribution was also increased over the period, driven by higher investment-related and brokerage income, partially offset by lower advisory fees.Meanwhile, Banking and Financial Services' net profit contribution climbed year-over-year, driven by volume growth in the loan portfolio and deposits, partially offset by lower margins as well as lending and deposit competition.

ASX:MQG

Treasury1d ago

Junshi Biosciences Completes 300 Million Yuan Second Tranche Bond Issue

Shanghai Junshi Biosciences (HKG:1877, SHA:688180) completed the issuance of its 2026 second tranche of technology innovation bonds and received the proceeds on Tuesday, according to a Wednesday Hong Kong bourse filing.The company issued the three-year bonds with a total principal amount of 300 million yuan at an interest rate of 2.59%.The bonds will mature on July 22, 2029, the filing showed.

HKG:1877SHA:688180

Asia1d ago

Samsung Biologics' Net Attributable Income Jumps 29% in Q2

Samsung Biologics (KRX:207940) posted second-quarter net income attributable to shareholders of 430.7 billion won, up 29% from 333.6 billion won a year earlier, according to a Thursday filing with the Korea Exchange.The South Korean contract development and manufacturing company's sales jumped 30% year over year to 1.321 trillion won from 1.014 trillion won.Shares of Samsung Biologics rose nearly 2% in recent trade.

KRX:207940

Asia1d ago

Austral Gold Reports Over $192 Million After-Tax NPV for Chile Mine in Updated Life-of-Mine Plan; Shares Tumble 8%

Austral Gold (ASX:AGD) reported an after-tax net present value of $192.1 million at a 10% discount rate and a four-year mine life under its updated mineral reserve and mineral resource estimate and new life-of-mine plan for its Guanaco Mine in Chile, according to a Thursday Australian bourse filing.The company said proven and probable mineral reserves stand at 18.1 million tonnes grading 0.84 grams per tonne gold (g/t) and 5.43 g/t silver, containing about 352,000 ounces of gold and 1.49 million ounces of silver, estimated at $2,200 per ounce gold and $25 per ounce silver.Average life-of-mine metallurgical recovery is 72% for gold and 47% for silver, with the all-in sustaining cost of $2,114 per ounce gold equivalent and operating cost of $1,978 per ounce gold equivalent, the filing added.Life-of-mine capital expenditure is $13.9 million, comprising $2.2 million sustaining and $11.7 million for closure and reclamation, it added.The company's shares tumbled 8% in recent Thursday trade.

ASX:AGD

Asia1d ago

Shenzhen Dobot Clears Shenzhen Listing Committee Review for A-Share Listing

Shenzhen Dobot's (HKG:2432) proposed A-share offering on the Shenzhen ChiNext Market has been approved by the Shenzhen Stock Exchange's Listing Committee, according to a Wednesday Hong Kong bourse filing.The proposed A-share offering remains subject to approval by the China Securities Regulatory Commission, and the company said that there is no assurance the offering will proceed or be completed successfully.

HKG:2432

Asia1d ago

Samsung Releases Three New Foldable Models with AI Features; Shares Up 3%

Samsung Electronics Co (KRX:005930) introduced its latest Galaxy Z series on Thursday, unveiling the Z Fold8, Z Fold8 Ultra, and Z Flip8, according to a company statement.CEO TM Roh said the launch is part of an effort to make foldables more accessible while advancing the integration of artificial intelligence in mobile devices.Samsung's shares rose nearly 3% in recent trade.

KRX:005930

Asia1d ago

Syrah Resources Reports Higher Natural Graphite Sales in June Quarter, Shares Up 5%

Syrah Resources (ASX:SYR) sold and shipped 7,000 tonnes of natural graphite to third-party customers in the June 2026 quarter at a weighted average sales price of $736 per tonne, with 2,000 tonnes produced at Balama and the next production campaign deferred to the September quarter, according to a Thursday Australian bourse filing.The company sold and shipped 1,000 tonnes of natural graphite to third-party customers in the June quarter of 2025 at a weighted average sales price of $779 per tonne, an earlier filing showed.The company said its quarter-end cash balance was $98 million, comprising restricted cash of $67 million and unrestricted cash of $31 million.The company's shares rose 5% in recent Thursday trade.

ASX:SYR

Asia1d ago

Mitsui & Co, Penske Corp. Submit Non-Binding Proposal to Acquire Penske Automotive Free-Float Shares

Mitsui & Co (TYO:8031) and US-based transport company Penske Corporation submitted a non-binding proposal to acquire all the free-float shares of common stock of the latter's subsidiary Penske Automotive Group, according to a Thursday filing with the Tokyo bourse.Mitsui and Penske Corp. offered to acquire the 18.25 million free-float shares for $210 per share, bringing the acquisition cost to $3.83 billion. The offer price implies an equity value of $13.8 billion for Penske Automotive Group. The proposed acquisition will be funded via new equity contributions and third-party debt financing, the filing said.Shares of the diversified general trading conglomerate rose nearly 1% in recent trade.

TYO:8031

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