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Olam Group to Repurchase SG$604.5 Million Perpetual Bonds

Olam Group (SGX:VC2) plans to repurchase its outstanding SG$604.5 million 5.375% subordinated perpetual bonds at 101% of principal plus accrued distributions from July 9 to 13, according to a Thursday filing with the Singapore Exchange.The settlement will conclude by July 15.Additionally, the food and agri-business company will exercise the call option to redeem outstanding perpetual bonds on Jan. 18, 2027.

SGX:VC2

Asia29d ago

Market Chatter: State Bank of India Raises Over $1.5 Billion Through Foreign-Currency Deposits

India's largest lender, State Bank of India (NSE:SBIN), raised more than $1.5 billion from foreign-currency deposits under a special program launched in June for citizens based abroad, Bloomberg News reported Wednesday, citing people familiar with the matter.The bank is offering an interest of 5.25%-5.75% on foreign-currency deposits of up to $1 million and 5.5%-6% on deposits above $1 million, with tenures of three to five years, according to the report.Last month, the Reserve Bank of India offered banks full hedging-cost support on three- to five-year foreign-currency deposits, which allowed them to offer higher rates to boost their foreign exchange reserves during the US-Iran conflict, the report said.State Bank of India did not immediately respond to' request for a 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.)

BOM:500112NSE:SBIN

Asia29d ago

Hock Lian Seng Flags Operating Loss in H1; Shares Down 4%

Hock Lian Seng (SGX:J2T) is expecting to book an operating loss in the first half of the year, compared with a pre-tax profit of SG$10 million a year earlier, according to a Wednesday filing with the Singapore Exchange.Shares of the company were down over 4% in Thursday trading.The construction company attributed the downbeat forecast to higher-than-anticipated project costs.The company will release its financials before mid-August, the filing stated.

SGX:J2T

Asia29d ago

Market Chatter: Japan H1 Corporate Bankruptcies Rise 7.1%, Highest Since 2014

Japan recorded 5,346 corporate bankruptcies involving liabilities of at least 10 million yen in the first half, up 7.1% from a year earlier and the first time the total has exceeded 5,000 since 2014, Kyodo News reported Wednesday, citing Tokyo Shoko Research.Small businesses with fewer than 10 employees accounted for about 90% of the bankruptcies, while nearly 80% involved liabilities of less than 100 million yen. A weak yen fueled inflation and increased financial pressure on small and medium-sized enterprises, the report said.Price-related bankruptcies rose 27.7% to 439, while labor shortage-related cases increased 37.8% to 237. Bankruptcies linked to rising labor costs more than doubled, and the services sector recorded the most failures among all industries at 1,819, according to the report.(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.)

Nikkei 225

Asia29d ago

Jushi Issues 500 Million Yuan Super Short-Term Commercial Paper

China Jushi (SHA:600176) completed the issuance of its super short-term commercial paper amounting to 500 million yuan, which is its sixth tranche for the year, according to a Shanghai bourse filing on Thursday.The bond has a coupon rate of 1.53% and a term of 247 days, maturing March 12, 2027.Postal Savings Bank of China (HKG:1658, SHA:601658) is the lead underwriter and China Construction Bank (HKG:0939, SHA:601939) is the joint lead underwriter of the issuance.The fiberglass manufacturer's shares slipped 1% during the morning trade.

HKG:0939HKG:1658SHA:600176SHA:601658SHA:601939

Asia29d ago

Deye Technology Forecasts Up to 79% Rise in H1 Profit; Shares Down 5%

Ningbo Deye Technology (SHA:605117) forecasted first-half attributable net profit of between 2.67 billion yuan and 2.73 billion yuan, compared with 1.52 billion yuan the previous year.The 75% to 79% jump is attributed to robust demand in the overseas energy storage market, according to a Wednesday filing with the Shanghai bourse.Shares of the solar-plus-storage products manufacturer fell 5% in recent trade.

SHA:605117

Asia29d ago

SGX Group Divests Scientific Beta to STOXX

SGX Group (SGX:S68) divested its subsidiary, Scientific Beta, to STOXX as part of its active portfolio management and capital allocation, according to a Wednesday bourse filing.Financial details of the transaction were not disclosed.The transaction enables the company to redeploy resources towards areas essential for its securities, derivatives and data businesses.The agreement positions Scientific Beta for its next phase of growth and enables its global reach.

SGX:S68

Asia29d ago

Jiangxi Copper Forecasts Up to 104% Rise in H1 Profit

Jiangxi Copper (HKG:0358, SHA:600362) expects 7.55 billion yuan to 8.50 billion yuan in attributable profit for the first half of 2026, up 81% to 104% from 4.17 billion yuan a year earlier, according to a Wednesday filing with the Hong Kong bourse.The firm attributed the higher expected profit to a drop in costs and an increase in market prices of its core products.

HKG:0358SHA:600362

Asia29d ago

SBI Funds Management Aims to Raise Up To INR116.9 Billion Through IPO

SBI Funds Management is aiming to raise up to 116.9 billion Indian rupees through its initial public offering.SBI Funds is a joint venture between the State Bank of India (NSE:SBIN, BOM:500112) and French asset manager ⁠Amundi.The company has set a price band of 545 rupees to 574 rupees per equity share for the IPO that is set to open on July 14 and close on July 16. The offer will be open to anchor investors on July 13, according to a statement by Amundi on Wednesday.Around 10% of the outstanding equity shares of SBI Funds will be divested through an offer for sale, including up to 6.3% by SBI, representing up to 128.3 million equity shares and up to 3.7% or up to 75.4 million equity shares by Amundi.SBI Funds Management is tentatively scheduled to commence trading on July 21.

BOM:500112NSE:SBIN

Asia29d ago

EKH Scraps HK$138 Million Hong Kong IPO

EKH (HKG:2523) said it will not proceed with its Hong Kong initial public offering and planned listing, according to a bourse filing Wednesday.The Singapore-based container depot operator said it made the decision after consulting with the overall coordinator and will explore potential alternatives.Application monies, including related fees and levies, will be refunded in full without interest by July 13. No share certificates will be issued.The company had been seeking to raise up to HK$138.3 million through the offering.

HKG:2523

Asia29d ago

ASX Midday Sector Update: Energy Stocks Advance, Consumer Staples Sector Struggles

Energy stocks continued to rally, advancing nearly 2% at midday on Thursday, as oil prices surged after the US conducted fresh strikes on Iran.Woodside Energy Group's (ASX:WDS) shares rose past 1% in recent trading.On the flip side, the materials sector fell past 1%. Gold fell for three consecutive sessions to around around $4,080 per ounce.Catalyst Metals' (ASX:CYL) shares were down over 2% after it entered into gold forward contracts for 30,000 ounces of gold at a fixed price of AU$6,075 per ounce, with deliveries spread evenly over 15 months at 2,000 ounces per month starting in August, representing 2% of reserves or one quarter of production.

ASX 200ASX:CYLASX:WDS

Asia29d ago

Itochu, Daikin Form Recycling Alliance for Commercial Air Conditioners

Itochu (TYO:8001) and Daikin (TYO:6367) have signed a comprehensive alliance under Japan's Resource Circulation Act to establish integrated recycling systems for commercial air conditioners, according to a joint statement on Thursday.The partnership aims to expand horizontal recycling of metals, plastics, electronics, and fluorocarbons while building a sustainable supply chain via combined recycling expertise and product technology.Itochu oversees certification, logistics, traceability, and KPIs, while Daikin handles material design, quality assurance, procurement, and product development.The initiative will start domestically with phased nationwide expansion, including legal certifications and individual contracts for specific models and quality standards.

TYO:6367TYO:8001

Asia29d ago

Valor Sets Issue Price for Public Share Offering

Valor (TYO:9956) has finalized the issue price for its new public offering of shares at 3,152 yen apiece, bringing the total offering value to approximately 14.8 billion yen, according to a Tokyo bourse filing on Thursday.The net amount to be paid to the company is 3,022 yen per share, yielding total net proceeds of about 14.2 billion yen for the public portion.This capital injection will increase both the company's stated capital and additional capital reserves by about 7.09 billion yen each, with the payment date scheduled for July 15.Valor also announced a secondary offering of 704,100 shares via an over-allotment option, priced identically at 3,152 yen per share for a total value of 2.22 billion yen, with a delivery date of July 16.The company also confirmed an associated third-party allotment capped at an issue price of 3,022 yen per share, with payment due on Aug. 13.The total net proceeds from the capital raise, reaching up to about 16.2 billion yen across all tranches, will be deployed to fund capital expenditures.

TYO:9956

Asia29d ago

Unico Silver Secures Land in Argentina in $12 Million Deal

Unico Silver (ASX:USL) struck a deal to acquire the La Mata estancia rural property in Argentina for $12 million, securing about 10,172 hectares of freehold land for infrastructure to develop its Joaquin silver-gold project, according to a Thursday filing with the Australian bourse.The consideration includes $3.5 million in cash payable within 10 business days of closing, $2.5 million worth of Unico Silver ordinary shares, and three deferred cash payments of $2 million each, payable across three years following closing.The acquisition replaces the historical 2017 Pan American Silver surface rights arrangements, which comprised about 1,250 hectares, the company said.Unico Silver shares gained 2% in recent Thursday trade.

ASX:USL

International29d ago

New Zealand's Light Traffic Index Comes in Lower in June, ANZ Research Says

The Light Traffic Index in New Zealand in June fell 0.5% sequentially and 0.4% year over year due to higher fuel prices, ANZ Research said in a report on Thursday.According to ANZ's Truckometer index, light traffic, including motorbikes, cars, and vans, is generally a good indicator of the state of demand, as opposed to production and it has been noticeably lower in recent months.Meanwhile, the Heavy Traffic Index rose 1.8% on a monthly basis and climbed 1.3% year over year, ANZ said.Heavy traffic data's upward trajectory is intact, ANZ said. It tends to provide a steer on production gross domestic product in real time.

^NZ50

Asia29d ago

Mitsubishi Materials to Issue 70 Billion Yen in Convertible Bonds

Mitsubishi Materials (TYO:5711) has resolved to issue 70 billion yen in zero-coupon convertible bonds, split evenly between 2030 and 2032 maturities, with the closing date set for July 24.The funds will support growth investments aimed at transitioning to a resource-circulation business model, including secondary smelting and tungsten recycling, according to a filing with the Tokyo bourse on Thursday.The company has set the conversion price at 5,275 yen for the 2030 bonds and 5,105 yen for the 2032 bonds, representing premiums of 24% and 20%, respectively, over the July 8 closing share price, according to a separate filing.Both tranches have zero coupon, a 100% issue price, and are being offered overseas, excluding the U.S.In a separate disclosure, J-Link said it will purchase these convertible bonds, though Mitsubishi Materials stated it is not involved in those transactions and has no knowledge of their details.

TYO:5711

International29d ago

South Korea's Economy Maintains Modest Recovery, KDI Says

South Korea's economy remained on a modest recovery path, supported by robust semiconductor exports and services activity, according to the Korea Development Institute's monthly economic assessment released Wednesday.Semiconductor exports remained strong in value terms despite slower volume growth, supported by higher prices and resilient AI-driven demand. Investment in semiconductor-related sectors also stayed solid.Services output continued to expand, led by finance, insurance and professional services, while consumer-facing industries improved alongside modest gains in consumption.Manufacturing production, however, edged lower as earlier strength in semiconductor output moderated and other sectors remained subdued.

^KOSDAQKOSPI

Asia29d ago

Rokae Robotics Nets HK$810 Million in Hong Kong IPO

Rokae (Shandong) Robotics Group (HKG:3752) raised HK$810.5 million in net proceeds from its initial public offering in Hong Kong after setting the IPO's offer price at HK$38 per H share, according to a Wednesday after-market filing with the Hong Kong Stock Exchange.The robotics company issued 23 million H-shares.The Hong Kong public offer was 156.58 times subscribed, with a final allocation of nearly 2.3 million shares, representing 10% of the total offering.The international offering was 11.96 times subscribed, with a final allocation of 20.7 million shares, or 90% of the total offering.Rokae Robotics is debuted on the Hong Kong bourse on Thursday, July 9.

HKG:3752

Asia29d ago

Renascor Resources Reports Operating Cost of $459 Per Tonne for HF-Free Graphite Purification, Shares Up 9%

Renascor Resources' (ASX:RNU) cost study for its hydrofluoric acid (HF) free method for purifying graphite to up to 99.99% carbon for use in lithium-ion battery anodes has estimated operating costs of about $459 per tonne, according to a Thursday Australian bourse filing.Renascor is currently commissioning its Australian Government co-funded purified spherical graphite (PSG) demonstration plant ahead of commercial-scale downstream development, the filing added.The company is also working with prospective customers and strategic partners through the PSG demonstration plant program, it added.The company's shares rose 9% in recent Thursday trade.

ASX:RNU

Asia29d ago

Cobre Raises AU$90 Million Through Share Placement; Shares Fall 12%

Cobre (ASX:CBE) secured firm commitments to raise AU$90 million via a two-tranche institutional placement of around 300 million new shares at AU$0.30 each, according to a Thursday filing with the Australian bourse.The placement price represents an 8.6% discount to the stock's 10-day volume-weighted average price, per the filing.Tranche one of the placement will raise around AU$72 million through the issue of around 240 million shares under the company's existing placement capacity, per the filing.Tranche two is expected to raise about AU$18 million through the issue of roughly 60 million shares, subject to shareholder approval at an extraordinary general meeting expected in late August or early September, the filing said.The funds will be used to increase ownership in the Sierra Atacama Project, repay debt, fund exploration and development activities, support the Botswana Projects, and provide general working capital, the filing added.The company's shares fell around 12% in recent Thursday trade.

ASX:CBE

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