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China New Energy CEO Resigns; Shares Up 3%

China New Energy's (HKG:1156) Chief Executive Officer Tang Zhaoxing resigned, effective Monday, due to adjustments to his personal and corporate work arrangements, according to a same-day filing with the Hong Kong bourse.Shares of the energy firm were up nearly 3% in Tuesday morning trade.

HKG:1156

Asia27d ago

Falcon Metals Reports Drop in Cash Balance at End of June Quarter

Falcon Metals (ASX:FAL) reported a cash balance of AU$15.4 million as of the end of June after spending AU$4.1 million on operating activities during the quarter, according to a Tuesday filing with the Australian bourse.The company previously reported a cash balance of AU$19.3 million at the close of the March quarter.Falcon Metals said drilling is continuing at its Blue Moon gold project, but assay turnaround times in Victoria remain under pressure, and the next assay results for the project are expected in one to two weeks.Meanwhile, a reverse circulation drilling program at the company's Errabiddy gold project in Western Australia is expected to start in the second half of this year.Falcon Metals shares fell past 2% in recent Tuesday trade.

ASX:FAL

Asia27d ago

Matrix Composites Says Scheme for Acquisition by Advanced Innergy Becomes Legally Effective; Advanced Innergy Shares Reach All-Time Low

Matrix Composites & Engineering (ASX:MCE) said the proposed acquisition of the firm by Advanced Innergy Solutions Australia, a wholly-owned unit of Advanced Innergy Holdings (ASX:AIH), via a scheme of arrangement became legally effective on Tuesday, according to a same-day Australian bourse filing.It lodged a copy of the Federal Court's orders approving the scheme with the Australian Securities and Investments Commission.Its shares are expected to be suspended from trading on ASX with effect from the close of trading on the same date.Shares of Advanced Innergy fell 7% in recent trading on Tuesday, reaching an all-time low.

ASX:AIHASX:MCE

Asia27d ago

Jiangxi Redboard Technology Expects Up to 146% Surge in H1 Attributable Profit; Shares Rise 5%

Jiangxi Redboard Technology (SHA:603459) forecasts a 100% to 146% rise in its net attributable profit to between 480 million yuan and 590 million yuan in the first half from 239.9 million yuan in the year-ago period, according to a Tuesday filing with the Shanghai bourse.The printed circuit board manufacturer attributed the expected rise to non-operating income of 301.7 million yuan following the purchase of the entire stake in Ganzhou Hongban Technology by subsidiary Ji'an Huiyang Electronics.Shares rose 5% during afternoon trading on Tuesday.

SHA:603459

Asia27d ago

Aneka Jaringan to Acquire 51% Stake in P3 International

Aneka Jaringan (KLSE:ANEKA) signed a conditional share sale agreement to acquire a 51% stake in P3 International from Aneka Properties for 1 million ringgit, according to a Monday filing with the Malaysian Exchange.P3 International is principally involved in the construction of buildings and mainly operates in Taiwan through its Taiwan branch.The acquisition will expand the engineering services company's geographical footprint into Taiwan and is expected to contribute positively to its future earnings.

KLSE:ANEKA

Asia27d ago

Goldenmax International Forecasts Up to Eleven-Fold Surge in H1 Attributable Profit; Shares Rise 4%

Goldenmax International (SHE:002636) forecasts a 936% to 1,063%, or a tenfold to eleven-fold surge, in its net attributable profit to between 730 million yuan and 820 million yuan in the first half from 70.5 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.The copper clad laminates company expects earnings per share to soar to between 1.003 yuan and 1.126 yuan from 0.096 yuan a year earlier.Goldenmax attributed the expected surge to high sales prices of copper clad laminates and prepregs, among other factors.Shares rose 4% during afternoon trading on Tuesday.

SHE:002636

Asia27d ago

Market Chatter: Hyundai Motor Line Up New Subscription Plans to Boost Recurring Revenue

Hyundai Motor Company (KRX:005380) is expanding its monthly vehicle-related subscription plans for features and components to accelerate its recurring revenue beyond vehicle sales, the Korea JoongAng Daily reported Tuesday.Hyundai Motor plans to launch a pilot electric-vehicle battery subscription program in October, while Tesla Korea plans to launch its Full Self-Driving Supervised driver assistance feature as a monthly subscription in August.The services include subscriptions for electric vehicle batteries, software, and maintenance services, which lower the upfront ownership costs and create new long-term income streams.Hyundai Motor did not immediately respond to a request for comment from.(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:005380

Asia27d ago

Haisco Pharmaceutical Gets China IND Application Acceptance for Novel Inflammatory Drug

Haisco Pharmaceutical (SHE:002653) said China's medical products regulator has accepted its investigational new drug application for HSK60002 tablets.The drug was independently developed for treating inflammatory diseases, according to a Tuesday filing with the Shenzhen bourse.Shares of the company slid 1% in recent trade.

SHE:002653

Asia27d ago

Haisco Pharmaceutical's China IND Application for Novel Inflammatory Drug Accepted

Haisco Pharmaceutical (SHE:002653) said China's medical products regulator has accepted the investigational new drug application for HSK60002 tablets.The drug was independently developed for treating inflammatory diseases, according to a Tuesday filing with the Shenzhen bourse.Shares of the company fell 1% in recent trade.

SHE:002653

Asia27d ago

ZGC Sci-Tech Leasing Signs CNY35 Million Sale-and-Leaseback Deal

Zhongguancun Science-Tech Leasing (HKG:1601) entered into a 35 million yuan sale-and-leaseback agreement with a methyl methacrylate producer, according to a Monday filing with the Hong Kong bourse.Under the 36-month agreement, the company will acquire the lessee's incinerator equipment and lease it back for total payments of about 37.8 million yuan, including 2.8 million yuan in finance lease interest.The company said the finance lease agreements are expected to provide stable revenue and cash flow while supporting its business development strategy.Shares of the leasing company were down over 1% in Tuesday's late morning trade.

HKG:1601

Equities27d ago

Pulsar Helium Secures GBP19 Million from Share Sale

Pulsar Helium (PLSR.L) raised 19 million pounds sterling from its offering of 25,393,329 shares, according to a Monday release.The helium exploration company secured 17.9 million pounds from the placement of 23,895,801 new common shares, 750,000 pounds from University Bancorp's subscription of 1,000,866 new common shares and 400,000 pounds from the sale to retail investors of 496,662 new common shares.Completion of the share sale remains subject to the approval of the TSX Venture Exchange.

$PLSR.L

Asia27d ago

China Strategic Technology Deputy Chairman Resigns

Aerospace company China Strategic Technology (HKG:1725) said Chen Youan resigned as executive director and deputy chairman of the board, effective July 13, according to a same-day Hong Kong bourse filing.

HKG:1725

Asia27d ago

Tianshui Huatian Technology Projects Up to 275% H1 Profit Jump

Tianshui Huatian Technology (SHE:002185) forecasted first-half attributable net profit of between 750 million yuan and 850 million yuan, compared with 226.5 million yuan the previous year.The 231% to 275% jump is attributed to rising integrated circuit market demand and expanded production scale, according to a Tuesday filing with the Shenzhen bourse.Basic earnings per share are expected to rise to 0.2290 yuan to 0.2595 yuan, versus 0.0706 yuan last year.Shares of the semiconductor testing and packaging company were up 2% in recent trade.

SHE:002185

Asia27d ago

Light & Wonder Remains on Track to Meet 2026 AEBITDA Guidance, Shares Jump 7%

Light & Wonder (ASX:LNW) said it remained on track to meet its previously announced 2026 financial outlook of mid-to-high single-digit consolidated adjusted earnings before interest, taxes, depreciation, and amortization (AEBITDA) growth, according to a Tuesday Australian bourse filing.The firm added that it was committed to deleveraging its balance sheet towards the mid-point of its targeted net debt leverage ratio range over the course of the current year and below 3x during the first half of 2027.It bought back 1.6 million CHESS depositary interests (CDIs) during the June quarter for a total consideration of around $134 million.It has a total of around $180 million remaining under its ongoing share repurchase program, and as of July 1, the total number of shares outstanding, including common stock and CDIs, was 77 million.Its shares jumped 7% in recent trading on Tuesday.

ASX:LNW

Asia27d ago

MEGAIN Names CEO; Shares Up 3%

MEGAIN Holding (Cayman) (HKG:6939) appointed Wang Yuanxue as chief executive officer for a three-year term, effective July 13, according to a same-day Hong Kong bourse filing.Wang currently serves as general manager of Geehy Microelectronics.Shares of the company over 3% in recent trade.

HKG:6939

Asia27d ago

Metech International Completes 50 Million Share Issue to Investor

Metech International (SGX:V3M) completed the issuance of 50 million new shares to investor Ma Ong Kee, marking the partial completion of its proposed 100 million-share placement, according to a Monday Singapore Exchange filing.The shares were issued at SG$0.04 each, increasing the company's total issued shares to 313.5 million from 263.5 million.The shares are expected to begin trading on the SGX Catalist board on July 15.The lab-grown diamonds manufacturer said it will provide further updates on the remaining placement as appropriate.

SGX:V3M

Asia27d ago

Haisco Pharmaceutical Gets China Approval for Pain Relief Capsules

Haisco Pharmaceutical (SHE:002653) received approval from China's National Medical Products Administration for its crisugabalin besilate capsules, according to a Tuesday filing with the Shenzhen bourse.The drug helps treat neuropathic pain in adults.Shares fell over 2% during the midday break on Tuesday.

SHE:002653

Asia27d ago

CDB Leasing to Buy Up to 1.5 Billion Yuan of Computer Equipment

China Development Bank Financial Leasing (HKG:1606) agreed to purchase computer equipment worth up to 1.5 billion yuan from Henan Kunlun Technology for its operating lease business, according to a Monday filing with the Hong Kong bourse.The equipment, mainly used for high-performance computing applications such as large-scale data processing and cloud computing, will be leased to third-party customers under operating lease agreements.The acquisition will be funded through internal resources and/or bank loans.Shares of the firm were down nearly 2% in Tuesday midday trade.

HKG:1606

Asia27d ago

Yunnan Aluminium Expects Up to 182% Surge in H1 Attributable Profit; Shares Rise 6%

Yunnan Aluminium (SHE:000807) forecasts a 171% to 182% surge in its net attributable profit to between 7.50 billion yuan and 7.80 billion yuan in the first half from 2.77 billion yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.The aluminum company expects earnings per share to rise to between 2.16 yuan and 2.25 yuan from 0.80 yuan a year earlier.Yunnan Aluminum attributed the expected rise to a rise in market prices of its main products, as well as efficiency improvements and cost-cutting measures.Shares jumped 6% in recent trade.

SHE:000807

Asia27d ago

EVT's Thredbo Resort in New South Wales Achieves EarthCheck Platinum Destination Certification

EVT's (ASX:EVT) Thredbo Resort in New South Wales achieved EarthCheck platinum destination certification, becoming the first tourism location in the Asia-Pacific region to do so, according to a Tuesday statement.The resort achieved the milestone after delivering improvements across energy, waste, biodiversity, and community engagement over a 10-year period, including a transition to 100% renewable electricity, the company said.

ASX:EVT

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