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Sumitomo Heavy Industries to Merge Two Units in Absorption-Type Merger

Sumitomo Heavy Industries (TYO:6302) said it will merge two wholly owned subsidiaries into the parent company effective Jan. 1, 2027, according to a Monday filing on the Tokyo Stock Exchange.The Tokyo-listed company said that it will absorb the two subsidiaries, including Sumitomo Heavy Industries Material Handling Systems and Sumitomo Heavy Industries Construction Cranes, through an absorption-type merger.Post-merger, the operations of the subsidiaries will be integrated under the group's strategic business unit structure introduced in fiscal 2026.

TYO:6302

Asia36d ago

Quintain Steel Incurs NT$20 Million Loss in May

Quintain Steel (TPE:2017) reported a preliminary consolidated net loss attributable to shareholders of NT$20 million, or NT$0.05 per share, for May.Consolidated revenue for the month was NT$235.6 million, according to a Monday Taiwan Exchange filing.For the first five months of 2026, the company incurred a net loss attributable to shareholders of NT$79.4 million, or NT$0.19 per share.Revenue totaled NT$1.16 billion, the filing said.

TPE:2017

Asia Markets36d ago

South Korean Shares Close Slightly Lower on Tech Losses, Rising Oil Prices

South Korean shares closed slightly lower on Monday on losses made by heavyweight technology stocks Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), shares of which fell by nearly 5% and 2%, respectively, at market close.Rising oil prices also put a strain on investor optimism amid the continued hostilities between the U.S. and Iran. Brent crude for August delivery traded at $73.21 a barrel as of 03:30 GMT, rising $1.27 higher from its level before the U.S. and Israel launched military action against Iran on Feb. 28.The benchmark Korea Composite Stock Price Index, or Kospi, marginally declined by 0.2%, or 16.56 points, to close at 8,394.65. The Kosdaq, however, rose by 8.1%, or 69.2 points, to end at 920.57.On the corporate front, the labor union of Samsung Biologics (KRX:207940) on Sunday voted to exit the Samsung Group federation, with an aim to alter the union's organizational structure, Pulse News reported Monday.The union conducted a vote from June 24 to June 28, with 2,392 of 2,479 participating members, or 96.5%, backing the proposal to quit the group federation. The proposal required a majority turnout and approval from at least two-thirds of participating members to pass, according to the report.Responding to, Samsung Biologics said the union's withdrawal from the super‑union is expected to have minimal impact, adding discussions on scheduling proposals remain ongoing, and it remains committed to operational stability and minimizing any effect on client projects.Shares of the company jumped nearly 8% at market close.In other news, HD Korea Shipbuilding & Offshore Engineering (KRX:009540) won an order for two liquefied petroleum gas (LPG) carriers from an Asia-based shipper, according to a Monday filing with the Korean Exchange.The deal is valued at 366 billion won. The shipbuilder will deliver the vessels by Dec. 31, 2029.Shares of HD Korea Shipbuilding rose over 6% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:009540KRX:207940

Commodities36d ago

KKR Enters Deal to Acquire EDF's 5.6 GW North American Renewable Power Arms

French state-backed utility EDF said Friday it has entered an agreement to potentially divest its clean energy businesses in the US and Canada to private equity firm KKR (KKR).Under the terms, KKR has irrevocably undertaken to acquire the unit's 5.6 GW net operational clean energy portfolio as of March 31.The transaction remains subject to customary closing conditions for the energy sector, it said.Financial details of the transaction were not disclosed in the official announcement.

$KKR

Asia36d ago

Samsung, SK Hynix to Anchor South Korea's $576 Billion Chip, AI Investment Plan

KRX:000660$SMSN.L

Insider Trading36d ago

Airbnb Insider Sold Shares Worth $13,190,788, According to a Recent SEC Filing

Nathan Blecharczyk, 10% Owner, Director, Chief Strategy Officer, on June 24, 2026, sold 90,479 shares in Airbnb (ABNB) for $13,190,788. Following the Form 4 filing with the SEC, Blecharczyk has control over a total of 94,001 Class A common shares of the company, with 81,631 shares held directly and 12,370 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1559720/000119312526286142/xslF345X05/ownership.xml

$ABNB

Asia36d ago

Fitch Expects More Selective State Support for Chinese Securities Firms

Fitch Ratings expects state shareholders to be more discerning in terms of support for Chinese securities firms, according to a Sunday release.State-driven sector consolidation and a structural shift in the economy drive greater selectivity in terms of shareholder support, Fitch said.Strategic relevance will factor in more into support consideration for securities firms rather than ownership alone, the rating agency said.Group resource integration, synergies, and shareholder and national policy goal endorsement will determine the firms that will be prioritized for state support, Fitch said.Tiering as a result of past consolidation anchors the goal of supporting two or three globally competitive securities firms, but also increases the gap between higher-tier and weaker firms, according to Fitch.The shift to greater capital market activity from debt-linked growth has also increased securities firms' strategic value to state shareholders, Fitch said.

Shanghai Composite^SZSE

Insider Trading36d ago

Heartflow Insider Sold Shares Worth $1,361,500, According to a Recent SEC Filing

John C.M. Farquhar, Director, Chief Executive Officer, on June 24, 2026, sold 38,900 shares in Heartflow (HTFL) for $1,361,500. Following the Form 4 filing with the SEC, Farquhar has control over a total of 457,935 common shares of the company, with 457,935 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1464521/000146452126000097/xslF345X05/form4.xml

$HTFL

Insider Trading36d ago

Roivant Sciences Insider Sold Shares Worth $6,631,268, According to a Recent SEC Filing

Eric Venker, President & Immunovant Chief Executive Officer, on June 24, 2026, sold 200,000 shares in Roivant Sciences (ROIV) for $6,631,268. Following the Form 4 filing with the SEC, Venker has control over a total of 1,613,063 common shares of the company, with 1,613,063 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1635088/000163508826000071/xslF345X05/wk-form4_1782512028.xml

$ROIV

Insider Trading36d ago

PACS Group Insider Sold Shares Worth $8,075,787, According to a Recent SEC Filing

Mark Hancock, 10% Owner, Director, Co-Founder, Executive Vice Chair, on June 25, 2026, sold 200,000 shares in PACS Group (PACS) for $8,075,787. Following the Form 4 filing with the SEC, Hancock has control over a total of 54,102,597 common shares of the company, with 54,102,597 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/2001184/000201436126000017/xslF345X05/wk-form4_1782511938.xml

$PACS

Asia36d ago

Advance Residence Signs Interest Rate Swap Deal on 2.3 Billion Yen Scheduled Loan with Mizuho Bank

Advance Residence Investment (TYO:3269) said it entered into an interest rate swap agreement with Mizuho Bank to hedge the risk of interest rate fluctuations on its planned 2.3 billion yen floating-rate long-term loan scheduled to be borrowed on July 1.The Japan-based real estate investment trust said that the loan runs from July 1, 2026, to June 29, 2029, and comes at a fixed rate of 1.90650% and will receive one-month yen TIBOR, according to a Monday filing on the Tokyo Stock Exchange.The company said that the transaction will effectively fix the interest rate on the three-year loan at 2.05650%.

TYO:3269

Asia36d ago

OLX India Partners IDFC First Bank to Launch Used-Car Loan Offering

OLX India, part of CarTrade Tech (NSE:CARTRAD, BOM:543333), has partnered with IDFC First Bank (NSE:IDFCFIRSTB, BOM:539437) to launch a used-car loan offering for users on its platform.The partnership combines OLX India's used-car marketplace with IDFC First Bank's vehicle financing capabilities to provide tailored loan options for eligible customers, according to a company filing on Sunday. The offering will improve access to financing for digital-first users in India's used-car market.

BOM:539437BOM:543333NSE:CARTRADENSE:IDFCFIRSTB

Asia36d ago

China Water Affairs' Fiscal-Year Profit Slides 8.2%

China Water Affairs Group's (HKG:0855) recorded an 8.2% decline in attributable profit for the year ended March 31 to HK$986.2 million from HK$1.07 billion a year prior, according to a Monday Hong Kong bourse filing.The water supply company's earnings per share stood at HK$0.61 in the period, down from HK$0.66 in the previous fiscal year.Revenue slipped 11% to HK$10.3 billion from HK$11.7 billion in the year-ago period.The company recommended a final dividend of HK$0.13 per ordinary share, payable around Nov. 13 to shareholders of record as of Oct. 27, subject to shareholder approval.

HKG:0855

Asia36d ago

Chinese Shares Rose as Industrial Profit Growth Accelerates; China Spacesat Rises 4%

Chinese equity markets climbed on Monday, fueled by data demonstrating an accelerated pace of profit growth across the country's major industrial enterprises during the first five months of the year.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 1.2% to 4,073.90. The Shenzhen Component Index climbed 0.2% to 15,812.87.Profits of China's major industrial firms grew 18.8% year over year to 3.14 trillion yuan during the first five months of the year, according to data from the National Bureau of Statistics on Saturday.The year-to-date pace accelerated compared with the 18.2% expansion recorded in the previous four-month period, but missed the Trading Economics forecast for a 20% growth. In May alone, industrial profits jumped 21% year over year.Meanwhile, Xiong'an New Area has secured state approval to launch a national-level intellectual property protection hub.The center, green-lit by the State Intellectual Property Office, promises a "one-stop" service for rapid patent reviews and rights protection. The move is expected to slash average patent approval times by 70%.In company news, China Spacesat (SHA:600118) affiliate Shenzhen Aerospace Xinyuan Technology is planning a capital increase via a public listing process on a property rights exchange platform. Shares of the satellite manufacturer closed 4% higher Monday.

Shanghai Composite^SZSESHA:600118

Asia36d ago

Lianyou Metals Waives Subscription Rights in Unit's Capital Increase

Lianyou Metals (TPE:7610) board approved waiving its subscription rights to 8.25 million shares in the cash capital increase of unit, Lianyou Advanced Materials, according to a Friday Taiwan Exchange filing.The shares will instead be offered to Lianyou Metals' existing shareholders in proportion to their holdings, with July 19 set as the record date for the allocation.Shareholders will be entitled to subscribe for about 0.1697 share of Lianyou Advanced Materials for each Lianyou Metals share held.

TPE:7610

Insider Trading36d ago

Vaxcyte Insider Sold Shares Worth $1,338,270, According to a Recent SEC Filing

Grant Pickering, Director, Chief Executive Officer, on June 26, 2026, sold 24,237 shares in Vaxcyte (PCVX) for $1,338,270. Following the Form 4 filing with the SEC, Pickering has control over a total of 586,681 common shares of the company, with 452,466 shares held directly and 134,215 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1649094/000125869326000013/xslF345X05/wk-form4_1782514151.xml

$PCVX

Insider Trading36d ago

Atlanticus Holdings Insider Sold Shares Worth $1,094,500, According to a Recent SEC Filing

William McCamey, Chief Financial Officer, on June 26, 2026, sold 10,000 shares in Atlanticus Holdings (ATLC) for $1,094,500. Following the Form 4 filing with the SEC, McCamey has control over a total of 740,426 common shares of the company, with 137,410 shares held directly and 603,016 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1464343/000143774926021878/xslF345X05/rdgdoc.xml

$ATLC

Insider Trading36d ago

Atlanticus Holdings Insider Sold Shares Worth $1,094,500, According to a Recent SEC Filing

Jeffrey A. Howard, Director, President & Chief Executive Officer, on June 26, 2026, sold 10,000 shares in Atlanticus Holdings (ATLC) for $1,094,500. Following the Form 4 filing with the SEC, Howard has control over a total of 673,265 common shares of the company, with 673,265 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1464343/000143774926021877/xslF345X05/rdgdoc.xml

$ATLC

Insider Trading36d ago

Immunovant Insider Sold Shares Worth $1,532,309, According to a Recent SEC Filing

Jay S Stout, Chief Technology Officer, on June 26, 2026, sold 40,000 shares in Immunovant (IMVT) for $1,532,309. Following the Form 4 filing with the SEC, Stout has control over a total of 211,685 common shares of the company, with 211,685 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1764013/000176401326000074/xslF345X05/wk-form4_1782517552.xml

$IMVT

Asia36d ago

CreditAccess Grameen Raises INR4.25 Billion Through Debenture Issue

CreditAccess Grameen (NSE:CREDITACC, BOM:541770) has raised 4.25 billion Indian rupees through the issue of non-convertible debentures on a private placement basis, according to a Monday filing to the Indian stock exchanges.The issuance was done in two separate transactions of 3.25 billion rupees, arranged by Nuvama Fixed Income Advisory. They were allotted to various investors with a two-year tenure and a fixed-rate coupon of 9.25% per annum, payable quarterly.The company also issued senior, secured, rated, listed, and redeemable non-convertible debentures worth 1 billion rupees bilaterally placed with Bajaj Finance (NSE:BAJFINANCE, BOM:500034). They were issued with a tenure of two years and a floating rate coupon of 9.15% per annum, payable monthly.The company's shares were down over 2% in recent trade.

BOM:500034BOM:541770NSE:BAJFINANCENSE:CREDITACC

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Asia Markets36d ago

South Korean Shares Close Slightly Lower on Tech Losses, Rising Oil Prices

^KOSDAQKOSPIKRX:000660KRX:005930KRX:009540KRX:207940