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Zhen Ding Unit Grants 425 Million Yuan Mechanical, Electrical Engineering Deal; Shares Down 9%

Zhen Ding Technology (TPE:4958) subsidiary Qing Ding Precision Electronics (Huai'an) awarded a mechanical and electrical engineering contract worth about 424.9 million yuan to Shenzhen Yuanxing Electromechanical, according to a Tuesday filing with the Taiwan Exchange.Shares of the printed circuit board manufacturer dropped 9% in Wednesday's afternoon trade.The contract covers primary and secondary hook-up works and fixed assets for the HD03 plant.Work is scheduled to run from November 2026 through April 2027.The project will support the subsidiary's production and operations, the company said.

TPE:4958

Asia20d ago

China Aerospace Times Electronics Unit Amends Asset Swap Deal

China Aerospace Times Electronics' (SHA:600879) unit, Beijing Aerospace Times Optoelectronics Technology, made changes to its asset swap agreement with Xi'an Microelectronics Technology Institute's Xi'an Taiyi Electronics, according to a Shanghai bourse filing on Wednesday.The parties agreed to cancel plans to exchange the assets of the cryptography and information security business of China Aerospace Times' subsidiary, Aerospace Changzheng Rocket Technology, for the Beijing Telemetry Technology Institute's technological upgrading assets.The parties were not able to meet all the transactions involved in the agreement within the prescribed timeframe.Beijing Aerospace Times' agreement to swap its 100% equity in Beijing Aerospace Xinghua Technology for 58% of Xi'an Taiyi Electronics still stands, as well as Shanghai Aerospace Electronics' deal to swap its deep space exploration business' assets for Shanghai Scientific Instrument Factory's technological upgrading assets.The aerospace company's shares slipped 1% during the midday trade.

SHA:600879

Asia20d ago

Baby Bunting Group CFO to Step Down; Shares Fall 6%

Baby Bunting Group (ASX:BBN) said that Chief Financial Officer Darin Hoekman will step down after more than 12 years with the company, according to a Wednesday Australian bourse filing.Hoekman will remain in the role until a successor is appointed as the board conducts an executive search, the filing added.The company's shares fell around 6% in recent Wednesday trade.

ASX:BBN

Equities20d ago

Keo Capital to Boost PetroUrdaneta Stake to 40%

Keo Capital (KEOC.ST) said Tuesday it agreed to invest $37.5 million to increase its indirect shareholding in Venezuelan oil company PetroUrdaneta to 40% from 24%.The financial solutions provider will purchase the additional interest under a deal with Novonor Latinvest Energy to acquire the remaining 40% stake in Odebrecht E&P España. The consideration is payable in three installments.The transaction is expected to close by Nov. 30, subject to preceding conditions. Upon completion, Keo Capital will share ownership of PetroUrdaneta with Petróleos de Venezuela.

$KEOC.ST

Asia20d ago

Tokuyama Profit Rises 6% in Fiscal Q1

Tokuyama (TYO:4043) posted a 6% year-over-year increase in profit attributable to owners of the parent to 5.2 billion yen for the first quarter ended June 30 from 4.91 billion yen.The chemicals company's earnings per share increased to 72.34 yen from 68.27 yen a year ago, according to a Tokyo Stock Exchange filing on Wednesday.Net sales jumped 4.7% to 85.65 billion yen from 81.83 billion yen in the year-ago period.For the fiscal year ending March 31, 2027, the company forecasts an attributable profit of 26 billion yen, EPS of 361.38 yen, and net sales of 392 billion yen.The company plans to pay a second-quarter dividend of 60 yen per share for the current fiscal year.

TYO:4043

Asia20d ago

Beijing HyperStrong Technology Expects Up to 122% Surge in H1 Profit

Beijing HyperStrong Technology (SHA:688411) forecasts a 96% to 122% surge in its net attributable profit to between 620 million yuan and 700 million yuan from 315.8 million yuan in the year-ago period, according to a Wednesday filing with the Shanghai bourse.The energy storage system manufacturer expects revenue to rise 24% to 53% to between 5.60 billion yuan and 6.90 billion yuan from 4.52 billion yuan in the prior-year period.Beijing HyperStrong attributes the growth to an expansion of its overseas business, as well as technological and commercial breakthroughs, among other factors.Shares rose 2% during the midday break on Wednesday.

SHA:688411

International20d ago

RBA Expected to Keep Rates Unchanged in August After Softer-than-Expected June Quarter Trimmed Mean Inflation Data, ANZ Says

The softer-than-expected June quarter trimmed mean inflation print of 0.8% should see the Reserve Bank of Australia (RBA) keep rates on hold at 4.35% at its August meeting, ANZ Research said in a note on Wednesday.Trimmed mean inflation was lower than expected at 3.6% on an annual basis, compared with the RBA's forecast of 3.8%. The central bank governor acknowledged the softening in economic activity in a speech on Tuesday.Australia's consumer price index (CPI) rose 3.8% in the 12 months to June from a 4% increase in the year to May. The largest contributor to annual inflation was housing, which rose 6.8%, followed by food and non-alcoholic beverages and recreation and culture, both up 3.3%.The RBA is forecast to ease rates by 50 basis points in the second half of 2027, ANZ said, adding that the risk of a rate hike in November remains.The monthly CPI showed signs that second-round passthrough is limited so far, with new dwelling costs increasing just 0.4% on a monthly basis in June after lifting 0.9% in May and 0.7% in April. The food group also recorded softer monthly growth in June at 0.4%.The lender concluded that there are signs that the demand environment is making it challenging for businesses to pass on higher costs to households.

ASX 200

International20d ago

South Korea's Number of Foreign Visitors Grows 23% in June

South Korea tallied 1.99 million foreign tourists in June, rising 23.1% from a year ago, the Ministry of Culture, Sports and Tourism said Tuesday.The total number of foreign tourists reached 10.71 million in the first half of 2026, up 21.3% year over year, the government agency said.China had the largest share of visitors for the month with 650,000 arrivals, followed by Japan with 350,000 and Taiwan with 220,000.Visitors from North America reached 220,000, with Europe tallying 120,000 and six major Southeast Asian countries with 230,000.Air travel accounted for the majority of the mode of transportation, totaling 1.74 million people.Foreign credit card spending hit 2.54 trillion won in June, bringing the total to more than 10 trillion won in the first half.

^KOSDAQKOSPI

Treasury20d ago

Huadian Power International Raises 1.3 Billion Yuan Via Bond Issue

Huadian Power International (SHA:600027, HKG:1071) raised 1.3 billion yuan in technology innovation perpetual corporate bonds at a coupon rate of 1.63%.Proceeds of the 2+N-year bonds will fund debt repayment, working capital and project investments, according to a Wednesday filing with the Shanghai bourse.China Securities, CITIC Securities, Everbright Securities, CICC, Ping An Securities and Shenwan Hongyuan Securities acted as lead underwriters.Shares of the electric power company were up 2% in recent trade on the Shanghai bourse.

HKG:1071SHA:600027

Asia20d ago

Market Chatter: SK Inc., Doosan Corp. Near Deal on Controlling Stake Sale of 70.6% in SK Siltron

Discussions between SK Inc. (KRX:034730) and Doosan Corp. (KRX:000150) over the sale of a controlling stake of 70.6% in SK subsidiary SK Siltron are expected to conclude this week, after signing a definitive agreement was delayed, The Korea Times reported Tuesday.The parties had expected to sign a stake sale agreement in the first half of this year, but repeatedly denied any definitive deal in regulatory filings, the report said. SK Siltron's valuation has since risen from about 5 trillion won to around 7 trillion won amid a semiconductor upcycle and higher silicon wafer prices, prompting SK Inc. to delay the deal, according to the report.SK Inc. and Doosan Corp. did not immediately respond to' request for comment.Shares of SK Inc. fell nearly 12% in recent trade, while those of Doosan Corp. declined over 7%.(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.)

KRX:000150KRX:034730

Asia20d ago

Ganfeng Lithium Redeems 500 Million Yuan Green Tech Bonds; Shares Up 4%

Ganfeng Lithium Group (HKG:1772, SHE:002460) fully redeemed 500 million yuan worth of green technology bonds for a total payment of 505.4 million yuan, according to a Shenzhen bourse filing on Wednesday.The total payment includes principal amount and interest.The bonds, which were issued on Jan. 27, had a term of 180 days and a coupon rate of 2.19%.The lithium company's shares jumped 4% during the morning trade.

HKG:1772SHE:002460

Asia20d ago

Taiwan Steel Union Names Chief Sustainability Officer

Taiwan Steel Union (TPE:6581) named Hsieh Tsung-Lin as its chief sustainability officer, effective July 28, according to a same-day filing with the Taiwan Exchange.Hsieh is also the electric arc furnace dust recycling company's general manager.

TPE:6581

Asia20d ago

Unimicron Unit to Buy Remaining $19 Million Stake in Affiliate Unigreat; Shares Slump 10%

Unimicron Technology (TPE:3037) unit Smart Idea will acquire shares worth $19 million in affiliated company Unigreat, as part of a long-term investment, according to a Tuesday Taiwan Exchange filing.Shares slumped 10% in Wednesday's recent trade.Smart Idea will acquire 19 million shares at $1 apiece from a related party, bringing its total holding in Unigreat to 64.9 million shares, representing 100% ownership, with a cumulative investment of $64.9 million.The acquisition will be funded by the parent company's own funds and is subject to approval by Taiwan's Investment Review Department under the Ministry of Economic Affairs.

TPE:3037

Asia20d ago

Materials Analysis Technology's Japan Operations Unaffected by Earthquake

Materials Analysis Technology (TPE:3587) said operations of its Japanese subsidiary remain unaffected following a magnitude 7.1 earthquake in Kumamoto in Kyushu, Japan, according to a Tuesday filing with the Taiwan Exchange.The materials and failure analysis services provider confirmed all personnel at the site are safe and operations are continuing normally.

TPE:3587

Asia20d ago

Tata Says Air India Turnaround Is a Five- to Ten-Year Journey

Tata Sons said Air India's transformation remains a five- to ten-year effort, citing fleet renewal, network expansion, training, and service improvements as key priorities, according to the annual report released on Tuesday.The group posted that refurbished narrow-body aircraft have received strong customer feedback, while refurbishment of the wide-body fleet is expected to be completed by the end of fiscal 2028.Tata said that Air India faced significant external challenges during the year, including airspace closures, higher fuel costs linked to the West Asia conflict, foreign exchange fluctuations, and the crash of Flight AI171.The group reiterated its commitment to helping establish India as an international aviation hub.

^BSENifty 50

Asia20d ago

Datang International Power Generation Issues 2 Billion Yuan in Super Short-Term Commercial Paper

Datang International Power Generation (SHA:601991, HKG:0991) issued super short-term commercial paper worth 2 billion yuan, according to a Shanghai bourse filing on Wednesday.The bonds have a coupon rate of 1.39% and a term of 92 days.China Everbright Bank (HKG:6818, SHA:601818) served as the lead underwriter and bookrunner of the issuance.The power company's Shanghai shares rose 2% during the morning trade.

HKG:0991HKG:6818SHA:601818SHA:601991

Asia20d ago

Austal Upgrades Integrated Monitoring, Alarm, Control System for New Caledonia Passenger Ferry

Austal (ASX:ASB) said Wednesday that it upgraded the integrated monitoring, alarm, and control system for the passenger ferry, Prony Express, in New Caledonia, with a MARINELINK-Prime upgrade package.The company said it was contracted to develop a tailored end-to-end solution of the MARINELINK-Prime software and commercial off-the-shelf hardware, on-site installation and commissioning activities in New Caledonia, crew training and familiarization, as well as ongoing remote technical support capability.The vessel was built by Austal and entered service in 2012, providing daily workforce movement to support Prony Resources' mining operations, the company said.Austal's shares fell nearly 2% in recent trading on Wednesday.

ASX:ASB

Asia20d ago

Hiwin Technologies' Italian Arm Faces Cyber Attack, Shares Down 6%

Hiwin Technologies Corp (TPE:2049) said its Italian subsidiary, HIWIN S.r.l., detected a cyberattack affecting certain information systems, according to a Tuesday filing to the Taiwan stock exchange.Based on the preliminary assessment, the company said the incident has had no material impact on its operations.The company's shares were down nearly 6% in Wednesday's trade.The cybersecurity response procedures were immediately activated upon detecting the breach, and the company has engaged external experts to assist in the investigation and recovery efforts.The affected systems are undergoing comprehensive security assessments and will be restored from backup data once their security has been verified, the company said.

TPE:2049

Asia20d ago

AUO to Dispose of Plant, Property to Quanta Computer

AUO (TPE:2409) board approved the disposal of property and related equipment at its Huaya Plant to Quanta Computer for NT$19.7 billion, according to a Tuesday filing with the Taiwan Exchange.The assets comprise two land parcels spanning about 65,260 square meters, eight buildings of around 162,826 square meters and a batch of related equipment.The disposal is part of the display panel maker's strategy to focus on a light-asset operational model.

TPE:2409

Wire20d ago

Iron Bear Resources Pre-Feasibility Study for Canada Project Delivers Probable Ore Reserve of Over 3 Billion Tonnes; Shares Gain 3%

Iron Bear Resources (ASX:IBR) said the pre-feasibility study for its Iron Bear project in Canada delivered a maiden probable ore reserve of 3.3 billion tonnes at over 29% iron, supporting 23 million tonnes per annum of iron ore production over a 44-year life of mine, according to a Wednesday filing with the Australian bourse.The study also provides a mineral resource estimate of 13.6 billion tonnes at roughly 30% iron, with the current mine plan drawing on less than 25% of that estimate, the company said.The project has an estimated internal rate of return of more than 15% post tax, with pre-production capital expenditure pegged at $4.2 billion, per the filing.The company's shares gained about 3% in recent Wednesday trade.

ASX:IBR

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