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Chengdu Ultra Pure Applied Materials Prices IPO at 65.99 Yuan

Semiconductor equipment maker Chengdu Ultra Pure Applied Materials (SHE:301717) priced its initial public offering of 25.5 million shares at 65.99 yuan to raise up to 1.68 billion yuan.Huatai United Securities serves as lead underwriter, according to a Thursday filing with the Shenzhen bourse.Online and offline subscriptions will be on Friday.

SHE:301717

Asia14d ago

Zhongji Innolight Slips 1% in Hong Kong Trading Debut

Zhongji Innolight's (HKG:3308, SHE:300308) shares opened 1% below the offer price in a muted Hong Kong debut on Thursday morning.The optical interconnect service provider opened at HK$971 per share, compared with the offer price of HK$980.Innolight raised about HK$53 billion in net proceeds from its Hong Kong initial public offering.The deal marks Hong Kong's largest share sale since Alibaba's 2019 listing and Asia's second-largest IPO this year, trailing CXMT's $8.6 billion listing in Shanghai.

HKG:3308SHE:300308

Asia14d ago

Black Cat Syndicate Posts Lower Q4 Gold Production, Higher Sales

Black Cat Syndicate (ASX:BC8) said total gold production in the fourth quarter was 20,830 ounces, with sales of 21,660 ounces at an average realised price of AU$6,261 per ounce, generating total revenue including bullion movement of AU$117.9 million, according to a Thursday Australian bourse filing.In the same period last year, production was 22,268 ounces with sales of 10,476 ounces, an earlier filing showed.The company said cash and liquid investments at quarter end were AU$105.3 million.The company's shares fell 2% in recent Thursday trade.

ASX:BC8

Asia14d ago

LG Uplus Launches KRW 90 Billion Treasury Stock Buyback via Trust

LG Uplus (KRX:032640) has approved a 90 billion won trust contract with KB Securities to acquire up to 6.16 million common shares, aimed at improving capital efficiency and boosting shareholder value.The buyback runs from Aug. 14, 2026, to Feb. 13, 2027, with shares priced at 14,620 won each based on the prior day's closing price, according to a bourse filing on Wednesday.The program is part of the company's broader value-enhancement plan, and the acquired shares will eventually be cancelled to benefit shareholders.Following a previous cancellation of 5.4 million treasury shares in May, the company maintains a substantial remaining acquisition limit of over 4.92 trillion won under commercial law.

KRX:032640

Asia14d ago

Hong Kong Stocks Open Higher Despite Fed Hold, Middle East Tensions

Hong Kong stocks opened higher on Thursday as investors weighed the U.S. Federal Reserve's decision to keep interest rates unchanged against renewed tensions in the Middle East.The Hang Seng Index rose 0.3%, or 67.91 points, to 25,875.83, while the Hang Seng China Enterprises Index gained 0.6%, or 50.67 points, to 8,674.19.Wall Street ended lower overnight after the Federal Reserve held interest rates steady as expected, though three policymakers dissented in favor of a quarter-point rate hike.Oil prices jumped about 8% as renewed airstrikes in the Middle East reignited concerns over global energy supplies.Investors also digested earnings from Meta Platforms while awaiting results from Amazon and Apple later this week.

Hang Seng

Asia14d ago

GigaDevice Semiconductor Chairman Plans 1 Billion Yuan Share Purchase

GigaDevice Semiconductor (HKG:3986, SHA:603986) said that Chairman Zhu Yiming plans to buy at least 1 billion yuan of the company's A shares between Dec. 13, 2026 and July 29, 2027, according to a Wednesday Hong Kong bourse filing.The development came after Zhu completed the sale of 11.1 million A shares, or 1.58% of the company's share capital, between May 6 and June 12 for about 4.4 billion yuan, reducing his direct stake to 4.94% from 6.53%.Separately, Zhu undertook not to reduce his shareholding for 12 months from July 29, 2026.He and the concert party InfoGrid Limited currently hold a combined 6.80% stake in the company.

HKG:3986SHA:603986

Asia14d ago

Aeris Resources Boosts Mineral Resource, Ore Reserve Estimates Following Acquisition of Two Deposits; Shares Gain 3%

Aeris Resources (ASX:AIS) reported a 24% increase its group mineral resource, which is now estimated at 61 million tonnes, following the incorporation of resources at its recently acquired Mallee Bull and Wirlong deposits in New South Wales, according to a Thursday filing with the Australian bourse.The mineral resource estimate contains 950,000 tonnes of copper, 1.4 million ounces of gold, 1.1 million tonnes of zinc, and 43 million ounces of silver, per the filing.The company also reported a 50% increase in its group ore reserve, which is now estimated at 21 million tonnes containing 350,000 tonnes of copper, 470,000 ounces of gold, 340,000 tonnes of zinc, and 13 million ounces of silver.The inclusion of the Mallee Bull and Wirlong projects "made a material contribution to the increase in reserves and resources" alongside "significant increases" at the company's Cracow and Tritton operations, Aeris Executive Chairman Andre Labuschagne said.The company's shares gained 3% in recent Thursday trade.

ASX:AIS

Asia14d ago

Hyundai Motor Invests KRW70 Billion in Hyundai Motor Securities MMT

Hyundai Motor (KRX:005380) invested 70 billion won in a money market trust (MMT) issued by affiliate Hyundai Motor Securities (KRX:001500) on Wednesday, according to a same-day filing with the Korean Exchange.The investment will mature on Oct. 29 and has an interest rate linked to market rates. The investment is aimed at better fund management and profitability enhancement, the filing said.Cumulative transactions with Hyundai Motor Securities in the current fiscal year stand at 305 billion won, it said.Shares of Hyundai Motor fell 2% in recent trade.

KRX:001500KRX:005380

Asia14d ago

Minerals 260 Completes Pre-Feasibility Study for Western Australia Project Stage One in June Quarter

Minerals 260 (ASX:MI6) completed the pre-feasibility study for stage 1 of the Bullabulling project in Western Australia in the June quarter, delivering an average annual production of roughly 150,000 ounces of gold over the first 10 years, according to a Thursday filing with the Australian bourse.During the quarter, the project's mineral resource estimate rose to 190 million tonnes at 1 gram per tonne (g/t) grade of gold for 6.2 million ounces of gold, an increase of about 1.7 million ounces from the December 2025 estimate of 130 million tonnes at 1 g/t grade of gold for 4.5 million ounces, the filing said.The board plans to make a final investment decision in the first quarter of 2027, per the filing.The company's shares gained about 1% in recent Thursday trade.

ASX:MI6

Asia14d ago

Zijin Gold Scraps $4 Billion Allied Gold Buyout, Opts For 9.2% Stake Purchase

Zijin Gold (HKG:2259) has terminated the planned $4 billion acquisition of Allied Gold after concluding the deal was unlikely to close by the July 29 deadline, according to a Wednesday Hong Kong bourse filing.Instead, the company agreed to subscribe for 12.8 million newly issued Allied Gold shares through a private placement at CA$32.55 per share, for a total investment of $295 million.The transaction will give Zijin Gold International a roughly 9.2% stake in the Canadian gold miner.The companies stated that neither party will pay a termination fee.The share subscription remains subject to approvals from the Toronto Stock Exchange and the New York Stock Exchange, as well as other customary closing conditions.

HKG:2899SHA:601899

International14d ago

NASN Intelligent Tech Launches HK$644 Million Hong Kong IPO

NASN Intelligent Tech (HKG:2261) launched its Hong Kong initial public offering on Thursday, seeking to raise up to HK$643.9 million.The China-based intelligent driving motion control technology company is offering 57.6 million H shares at a maximum price of HK$11.18 each, according to a Hong Kong bourse filing.The offering comprises 5.8 million shares for Hong Kong investors and 51.8 million shares for international investors, subject to reallocation and the over-allotment option.The offer price is expected to be determined by Aug. 5, with allocation results due by Aug. 6, ahead of the company's planned trading debut on Aug. 7.Net proceeds will be used primarily to strengthen the company's research and development capabilities, expand its product portfolio, and upgrade its production and manufacturing capacity.The company also plans to use the funds to enhance its service capabilities and international brand recognition, as well as for working capital and general corporate purposes.Haitong International Capital and BOCI Asia are serving as joint sponsors. Haitong International Securities, BOCI Asia and SDIC Securities (Hong Kong) are acting as overall coordinators and joint global coordinators.Orient Securities (Hong Kong), TradeMaster Securities, SPDB International Capital, Futu Securities International (Hong Kong) and other firms are serving as joint bookrunners and joint lead managers, according to the prospectus.

HKG:2261

Asia14d ago

Market Chatter: CMOC Trading Arm Enters Iron Ore Market with Brazilian Prepayment Deal

CMOC's(SHA:603993) IXM SA has secured a prepayment agreement with Brazil's Itaminas for future iron ore delivery, marking the trader's debut in the steel-making material, Bloomberg News reported on Thursday.IXM's prepayment deal with Itaminas mirrors similar moves by other industry players, as trading houses expand in iron ore while miners seek alternative financing amid prices below $100 per ton, the news wire said.The arrangement gives IXM long-term supply while providing Itaminas with upfront cash, though terms remain undisclosed, the publication said.CMOC, IXM SA and Itaminas did not respond to' request for comment.(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:3993SHA:603993

Asia14d ago

RAS Technology Holdings Enters Four-Year Agreement with Tabcorp for Supply of Domestic Racing Data, Content, Shares Surge 20%

RAS Technology Holdings (ASX:RTH) entered into a new agreement with Tabcorp Holdings (ASX:TAH) to supply domestic racing data and content, including RAS' Fast Form service, for a four-year term, according to a Thursday Australian bourse filing.The license granted to Tabcorp is non-exclusive. The agreement, which began July 1, carries a consideration of nearly AU$2.3 million per annum over the term of the contract, and RAS may also pass through, on a cost-recovery basis, any increases in the cost of provision arising from third-party service provider cost changes.RAS' shares surged 20% in recent trading on Thursday.

ASX:RTHASX:TAH

Asia14d ago

Update: Domino's Reaffirms Fiscal 2026 Profit Guidance Despite AU$300 Million in Write-Downs; Shares Up 10%

(Updates to add stock movement in the headline and last paragraph)Domino's Pizza Enterprises (ASX:DMP) reaffirmed its fiscal 2026 underlying profit after tax guidance of AU$118 million to AU$122 million despite expecting a statutory loss after booking around AU$300 million in mostly non-cash balance sheet write-downs, according to an Australian bourse filing on Wednesday after market hours.The company recorded around AU$259 million in balance sheet write-downs, including impairments in France and Taiwan, IT asset write-offs, store-related charges associated with the planned closure of up to 60 underperforming stores, and other provisions.The company said it achieved AU$60 million to AU$70 million in annualized cost savings during fiscal 2026 through workforce reductions, lower information technology expenses, and supplier savings while also refinancing AU$1.05 billion of its debt facilities, per the filing.Same-store sales declined 4.1% across Australia and New Zealand, Europe, and Asia as the company prioritized higher-margin sales, boosting franchisee profitability and supporting a broader fiscal 2027 rollout of its Western Australia model, the filing said.The company said the largely non-cash charges would not impact its cash generation, debt covenant compliance, or core operations, the filing added.The company's shares rose around 10% in recent Thursday trade.

ASX:DMP

Asia14d ago

Japanese Stocks Recover Early Losses as Fed Holds Rates Steady

Japanese shares slipped at Thursday's open but regained ground within the first half hour of trading after the Federal Reserve kept rates steady, even with crude prices climbing.The Nikkei 225 fell 176 points or 0.3% to 61,258 before reversing its decline.Fed Reserve Chair Warsh, in a press conference on Wednesday, stressed the decision reflected active policy commitment, not passivity, in fighting inflation.Brent Crude held near $90 after Trump's Iran strike threats and a drop in US inventories fueled the biggest rally in over two weeks.

Nikkei 225

Asia14d ago

South Korea Outlines New ETF Curbs After Emergency Market Meeting Over Tech Sell-Off

South Korean financial authorities pledged swift action to stabilize markets after convening an emergency meeting on Wednesday, following a sharp sell-off in semiconductor stocks, the finance ministry said in a same-day release.Representatives from the Ministry of Economy and Finance, the Bank of Korea, the Financial Services Commission, and the Financial Supervisory Service attended the meeting.The agencies attributed the recent market volatility to intensifying Chinese competition in the memory chip sector, concerns regarding U.S. technology firm financing, and concentrated retail bets on single-stock leveraged exchange-traded funds (ETFs).The agencies plan to maintain 24-hour market monitoring and put in place additional measures from Friday, including stricter limits on leveraged products, higher transaction costs for excessive trading, simulated trading requirements and more.

^KOSDAQKOSPI

Asia14d ago

Hanwha Solutions Extends $535 Million Guarantee for US Solar Subsidiary

Hanwha Solutions (KRX:009830) has approved a 535.6 billion won or $365 million debt guarantee for its US-based subsidiary Hanwha Q CELLS USA, covering a direct pay letter of credit from Korea Development Bank's New York branch.The guarantee, set at 120% of the principal to cover interest and costs, runs from August 2026 to August 2029 and supports the subsidiary's variable-rate demand bond financing, according to a bourse filing on Wednesday.The chemical company's total outstanding debt guarantees now stand at 9.27 trillion won, with Hanwha Q CELLS USA accounting for multiple guarantees across various maturity dates.

KRX:009830

Asia14d ago

Boss Energy Posts Higher Fiscal Q4 Production, Sales

Boss Energy (ASX:BOE) said fiscal fourth quarter production was 362,000 pounds of uranium oxide drummed, with sales of 325,000 pounds at a realized price of $75.10 per pound, according to a Thursday Australian bourse filing.In the same period last year, production was 349,188 pounds of uranium oxide drummed, with sales of 100,000 pounds at an average realized price of $71.15 per pound, an earlier filing showed.The company said it held AU$207.3 million in cash and liquid assets at quarter end.The company's shares fell almost 1% in recent Thursday trade.

ASX:BOE

Asia14d ago

Clinuvel Pharmaceuticals Strengthens Supply Chain as Part of Commercial Preparations for North American Vitiligo Market

Clinuvel Pharmaceuticals (ASX:CUV) strengthened its supply chain, scaled up its North American infrastructure, and engaged more than 100 potential new specialty centers as part of commercial preparations for the North American vitiligo market, according to a Thursday filing with the Australian bourse.The company is developing Scenesse as the first systemic, or total body, repigmentation therapy for vitiligo, a condition that causes the loss of skin color.Scenesse adopts a different approach to treatment by targeting melanocortin receptors to stimulate the natural body process that creates pigments to color human skin, unlike JAK inhibitor therapies that suppress the immune system, the company said.Extensive vitiligo, where more than 10% of the total body surface is affected by depigmentation, currently lacks an effective therapy, Clinuvel said, adding that prior studies of Scenesse in combination with the current standard of care showed significantly improved repigmentation compared to just standard of care monotherapy.The company plans to release topline results from its first late-stage study of Scenesse in vitiligo in December.Its shares fell 2% in recent Thursday trade.

ASX:CUV

US Markets14d ago

Samsung's Second-Quarter Profit Surges 14-Fold as Revenue Soars 130% on AI Boom

Samsung Electronics (KRX:005930) reported a 1,344% year-over-year surge in attributable net profit in the second quarter as revenue more than doubled, owing to strong demand for its memory products amid the artificial intelligence boom.Net profit attributable to shareholders jumped 14-fold in the second quarter to 71.27 trillion won from 4.934 trillion won a year earlier, according to a filing with South Korea's Financial Supervisory Service on Thursday.Earnings per share for both common and preferred shares rose 52% to 10,849 won, according to a separate press release the same day.The South Korean tech company posted a 130% year-over-year jump in revenue to 171.5 trillion won from 74.57 trillion won a year prior.Operating profit skyrocketed 1,814% to 89.5 trillion won from 4.68 trillion won.Samsung said the results were primarily driven by its Device Solutions (DS) unit, which posted a 57% quarter-over-quarter increase in sales as its Memory Business set an all-time high for quarterly revenue and operating profit."The Memory Business achieved another record-breaking quarter by proactively addressing AI demand despite limited capacity with a primary focus on server products. The continued industry-wide upward trend of prices also contributed to the record earnings," Samsung said.The Device eXperience (DX) division, which covers its consumer-facing products like smartphones, TVs and appliances, posted a 9% quarterly drop in sales due to higher component costs.The company expects rising material costs and soft consumer demand to persist in the second half. However, for the same period, Samsung expects "double-digit revenue growth" amid rising demand for its chips from customers in the US and China.The company plans to ramp up production of new mobile products based on the second-generation 2nm process in the second half.Samsung's shares are down more than 1% in early-morning trade in Seoul Thursday.

KRX:005930

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US Markets14d ago

Samsung's Second-Quarter Profit Surges 14-Fold as Revenue Soars 130% on AI Boom

KRX:005930