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F J Benjamin Uses Entire SG$272,000 Raised from Share Placement

Brand management company F J Benjamin Holdings (SGX:F10) has utilized the entire SG$272,000 raised from the placement of 42 million new ordinary shares in the capital of the company, according to a Thursday filing to the Singapore stock exchange.On completion of the placement, the company has received the entire gross proceeds of SG$302,400 and net proceeds of SG$272,400.Of the total, SG$137,000 was paid as rental, SG$45,000 was paid to trade creditors, and a payment of SG$90,000 was made as other operating expenses.

SGX:F10

Asia22d ago

Jefferies Adjusts Bajaj Auto's Price Target to INR11,500 From INR10,500, Keeps at Hold

Bajaj Auto (NSE:BAJAJ-AUTO, BOM:532977) has an average rating of overweight and mean price target of 11,223.34 Indian rupees, 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)

BOM:532977NSE:BAJAJ-AUTO

Asia22d ago

Jefferies Adjusts TVS Motor's Price Target to INR4,900 From INR4,500, Keeps at Buy

TVS Motor (NSE:TVSMOTOR, BOM:532343) has an average rating of overweight and mean price target of 4,059.61 Indian rupees, 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)

BOM:532343NSE:TVSMOTOR

US Markets22d ago

Mitsubishi Electric, Sony Semiconductor Form AI Vision JV to Cut Factory Labor Needs

Mitsubishi Electric (TYO:6503) and Sony Group's (TYO:6758) Sony Semiconductor Solutions agreed to form a joint venture to develop AI-powered vision sensors for factory automation.The venture, Advanced Vision Solutions, will be 60% owned by Mitsubishi Electric and 40% by Sony Semiconductor. Financial terms of the joint venture were not disclosed.Operations are set to begin in October 2026, pending regulatory approvals.The new company will be based in Yokohama and led by Tamiki Kobayashi as representative.The tie-up combines Sony Semiconductor's image sensors and edge AI technology with Mitsubishi Electric's factory automation systems, targeting manufacturers seeking to cut labor needs.The companies said the venture is designed to track manufacturing-site conditions, product quality, equipment performance and maintenance data that had previously been hard to capture and put to use.Mitsubishi Electric plans to integrate the vision data with Serendie, its digital platform for factory automation, launched in May 2024.In January 2025, Mitsubishi Electric completed its Serendie Street Yokohama project, opening a co-creation area for collaborating on digital-transformation projects."By realizing advanced autonomous control through physical AI and other applications, we aim to provide new value to customers and address social challenges such as labor shortages," said Takayuki Tsuzuki, Group President, Factory Automation Systems at Mitsubishi Electric.

TYO:6503TYO:6758

Asia22d ago

Charter Hall Long WALE REIT Says BlackRock Becomes Substantial Holder

Charter Hall Long WALE REIT (ASX:CLW) said BlackRock Group became a substantial holder in the company on July 17 with a 5% voting power, according to a Wednesday Australian bourse filing.The company's shares rose 1% in recent Wednesday trade.

ASX:CLW

Asia Markets22d ago

New Zealand Shares Rise; Mercury Posts Lower Fiscal Q4 Gas Sales

New Zealand shares ended higher on Wednesday as Asian markets followed Wall Street's Tuesday rally.The S&P/NZX 50 Index rose 0.78% or 107.15 points to close at 13,763.18.On Tuesday, the Nasdaq Composite gained 1.3%, the S&P 500 added 0.9% while the Dow Jones advanced 0.7%.In domestic news, a total of 26,889 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) auction held on Tuesday, with supply ranging from 24,745 to 30,422 MT, according to data from the trading platform.Also, credit card spending in New Zealand decreased by 1.3% month on month to NZ$4.37 billion in June after a 1.9% increase in the previous month, while credit card balances fell 0.4% to NZ$5.97 billion in June, data from the Reserve Bank of New Zealand showed.In corporate news, Mercury (ASX:MCY, NZE:MCY) reported fiscal fourth-quarter gas sales of 488 gigawatt-hours (GWh) at a volume-weighted average price of NZ$36.1 per megawatt-hour (MWh), down from 501 GWh at NZ$31.3/MWh a year earlier.New Zealand Rural Land's (NZE:NZL) board reaffirmed the suspension of its fiscal 2026 earnings guidance.

^NZ50ASX:MCYNZE:MCYNZE:NZL

Asia22d ago

MetaOptics Deploys Direct Laser Writer at University of Arizona; Shares Up 14%

MetaOptics (SGX:9MT) agreed to deploy its metalens direct laser writer system at the University of Arizona's Center of Semiconductor Manufacturing, according to a Wednesday filing with the Singapore Exchange.The semiconductor optics company said installation will begin in 2027, with the system designed for 4-inch wafers to enable prototyping and fabrication of metalens samples within weeks.The development will allow small-volume, quick-turnaround prototyping.Shares of the company rose nearly 13% in recent trade.

SGX:9MT

Asia22d ago

PTT Oil and Retail Business to Dissolve Overseas Subsidiaries

PTT Oil and Retail Business (BKK:OR) approved the dissolution of two overseas subsidiaries, according to a Tuesday filing with the Thailand Exchange.Shares of the fuel and retail company were down nearly 1% in Wednesday trading.The units, PTTOR Lao Import & Export and OR Vietnam were held indirectly through PTTOR International.The dissolutions are part of the company's business portfolio optimization strategy to reduce excess costs.

BKK:OR

Asia22d ago

Jefferies Adjusts Mahindra & Mahindra Financial Services' Price Target to INR365 From INR325, Keeps at Hold

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) has an average rating of overweight and mean price target of 366.50 Indian rupees, 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)

BOM:532720NSE:M&MFIN

Asia22d ago

Shenergy to Issue 2 Billion Yuan in Convertible Bonds

Shenergy (SHA:600642) on July 24 will issue 2 billion yuan in convertible bonds.Huatai United Securities, Orient Securities and China Securities serve as lead underwriters, according to a Wednesday filing with the Shenzhen bourse.Shares of the power company rose 1% in recent trade.

SHA:600642

Asia22d ago

Jefferies Adjusts Aavas Financiers' Price Target to INR1,800 From INR1,750, Keeps at Buy

Aavas Financiers (NSE:AAVAS, BOM:541988) has an average rating of overweight and mean price target of 1,654.10 Indian rupees, 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)

BOM:541988NSE:AAVAS

Asia22d ago

Xiamen Tungsten Registers Two Debt Issuances

Xiamen Tungsten (SHA:600549) registered its 4-billion-yuan and 3-billion-yuan issuances with the National Association of Financial Market Institutional Investors, according to a Wednesday filing with the Shanghai bourse.Both issuances have a registration validity of two years each.Shares fell 1% during afternoon trading on Wednesday.

SHA:600549

Asia22d ago

MoneyMe Narrows Normalized Net Loss After Tax in Fiscal Year 2026 as Gross Revenue Jumps

MoneyMe (ASX:MME) said its normalized net loss after tax narrowed to AU$4.1 million in fiscal year 2026 from AU$15.5 million in fiscal 2025 as gross revenue increased 20% year over year to AU$249 million, according to a Wednesday filing with the Australian bourse.The company's loan portfolio grew 34% year over year to hit AU$2.08 billion as of June 30, with loan originations also rising 34% annually to AU$1.23 billion in fiscal year 2026, per the filing.MoneyMe reported a net interest margin of 6.5% at the end of June, down by a full percentage point from a year earlier, alongside improvements in portfolio quality and lower credit losses.The company said its ratio of secured assets fell to 59% as of June 30 from 62% a year earlier, "reflecting the deliberate balancing of the asset mix as personal loans and credit cards scale."

ASX:MME

Asia22d ago

Nomura Adjusts Yes Bank's Price Target to INR23 From INR21, Keeps at Neutral

Yes Bank (NSE:YESBANK, BOM:532648) has an average rating of underweight and mean price target of 21.83 Indian rupees, 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)

BOM:532648NSE:YESBANK

Asia22d ago

Nomura Adjusts Sagility's Price Target to INR52 From INR53, Keeps at Buy

Sagility (NSE:SAGILITY, BOM:544282) has an average rating of buy and mean price target of 56.82 Indian rupees, 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)

BOM:544282NSE:SAGILITY

Asia22d ago

Nomura Adjusts Mahindra & Mahindra Financial Services' Price Target to INR415 From INR400, Keeps at Buy

BOM:532720NSE:M&MFIN

Equities22d ago

Arabian Pipes Co Wins SAR68 Million Steel Pipes Deal from Saudi Aramco

Arabian Pipes Co (SASE:2200) secured a 68 million-Saudi-riyal contract from Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco.The steel tube company will manufacture, coat, and deliver steel pipes to the Saudi state-owned oil giant for eight months, according to a Wednesday release.

SASE:2200SASE:2222

Equities22d ago

TGS Launches Phase Two of 3D Seismic Survey Offshore Canada

Energy sector data and intelligence company TGS (TGS.OL) said Wednesday it launched the second phase of the 3D survey offshore Newfoundland and Labrador, Canada.The survey, which uses pre-stack depth migration technology, aims to upgrade 13,300 square kilometers of seismic data across the exploration regions in the North Atlantic, according to a Wednesday release.The project is supported by industry funding. Initial results are expected in 2027, while the final migrated volumes will be released in the third quarter of 2027.

$TGS.OL

Equities22d ago

Yansab Posts Higher H1 Net Profit, Revenue

Yanbu National Petrochemical (SASE:2290), d/b/a Yansab, said Wednesday that attributable profit and revenue for the first half grew year over year.Net profit attributable to shareholders of the issuer for the six months ended June 30 was 270 million Saudi riyals, compared with 58.2 million riyals earlier. EPS moved to 0.48 riyal from 0.1 riyal.The Tadawul-listed petrochemical products company's revenue was 3.2 billion riyals, compared with 2.91 billion riyals a year ago.

SASE:2290

Asia22d ago

Shinsegae Group Ties Up with OKO for Real Estate JV

South Korean retail conglomerate Shinsegae Group plans to launch a joint venture with U.S.-based real estate developer OKO Group to develop luxury hotels and other real estate projects, according to a Tuesday release.The Korean conglomerate said it has signed a memorandum of understanding in Seoul on Tuesday, with the two companies aiming to raise $500 million in initial investment for the joint venture.The JV plans to set luxury hotels and branded residences across Asia and North America, as well as commercial and mixed-use real estate projects in South Korea.

^KOSDAQKOSPI

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