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Tah Hsin Industrial Clarifies Media Report Projecting 2026 Reveue

Tah Hsin Industrial (TPE:1315) clarified a media report that cited the company's revenue targets, according to a Friday Taiwan Exchange filing.The clarification followed a Commercial Times report that said the group's revenue target for this year is NT$2.18 billion and its Taiwan plant aims to generate NT$1.85 billion in revenue.The company said investors should refer to its official disclosures on the Market Observation Post System for its actual financial and operating information.

TPE:1315

Asia36d ago

Hydrotek Addresses SET Queries on Going Concern, Phuket Projects

Hydrotek (BKK:HYDRO) provided additional information to the Thailand Stock Exchange following queries over its first-quarter financial statements, after its auditor flagged material uncertainty over the group's ability to continue as a going concern.The Thai environmental engineering and construction firm said delayed collections from two suspended construction projects in Phuket led to overdue receivables and expected credit loss provisions. Meanwhile, a 150 million baht rental security deposit is under negotiation for a partial refund, according to a Friday Thailand Exchange filing.Hydrotek said it is closely monitoring the projects and has implemented liquidity management measures to mitigate the impact on its cash flow and operations.

BKK:HYDRO

Asia36d ago

Longyuan Power to Fully Acquire Remaining Stake in Coal Subsidiary for 25 Million Yuan; Shares Down 9%

China Longyuan Power (HKG:0916, SHE:001289) proposed to fully acquire Guoneng Badain Jaran (Gansu) Energy Development and Investment for 24.6 million yuan, according to a Shenzhen bourse filing on Saturday.The power company's Shenzhen shares slumped 9%, while Hong Kong shares slipped 1% during Monday's afternoon trade.Longyuan, which currently owns 51% of the heat production firm and coal firm, will buy the remaining 49% from China Energy Investment.The board of directors approved the proposal on June 26.

HKG:0916SHE:001289

Equities36d ago

TotalEnergies Secures Favorable Court Ruling in French Climate Lawsuit

TotalEnergies (TTE.PA, TTE.L) said Monday the Paris Judicial Court dismissed claims seeking to block the company from pursuing new oil and gas projects or forcing it to reduce production under France's duty of vigilance law.The court ruled that the law is not intended to hold companies responsible for climate change risks arising from "all human activity on the planet since the industrial revolution," adding that it is not the court's role to set emission targets for the French energy giant.The company said the court also recognized that its vigilance plan addresses climate-related risks and outlines measures to reduce operational greenhouse gas emissions.

$TTE.L$TTE.PA

Asia36d ago

Digital China Unit Prevails in First-Instance Technical Services Case, Appeals Sales Contract Judgment

Digital China's (HKG:0861) indirect subsidiary Digital China Information Service (SHE:000555) provided updates on two court cases involving its wholly owned unit, Digital China System Integration Services, according to a Sunday Hong Kong bourse filing.In one case, a court in Henan ordered Xuchang Yunzheng Smart City Construction and Operation, and Xuchang Investment Digital Economy Industrial to pay about 54.6 million yuan in contract payments, damages, and losses to Digital China System Integration Services.In a separate sales contract dispute, the Beijing Third Intermediate People's Court ordered Digital China System Integration Services to pay about 333.6 million yuan for goods, plus interest, to Beijing Urban Construction Intelligent Control Technology.The subsidiary has decided to appeal the ruling. The company said the judgment has not yet taken effect, and it is unable to assess the financial impact of the case until the appeal is resolved.

HKG:0861SHE:000555

Asia36d ago

Verbrec Wins AU$21 Million McArthur River Pipeline Upgrade Contract With Power and Water Corporation

Verbrec (ASX:VBC) was awarded the McArthur River Pipeline Bi-Directional Upgrade Project, valued at about AU$21 million, by the Northern Territory Government-owned Power and Water Corporation, according to a Monday Australian bourse filing.The company said the upgrade will help unlock commercial gas from the Beetaloo sub-basin, a critical energy resource for the area, per the filing.

ASX:VBC

Asia36d ago

Fitch Affirms Industrial Securities at BBB, With Stable Outlook

Fitch Ratings affirmed the long-term issuer default ratings of Industrial Securities (SHA:601377) and Hong Kong subsidiary China Industrial Securities International Financial Group at BBB, with a stable outlook.The rating agency expects Fujian province to provide extraordinary support to Industrial Securities if needed, given its role in advancing regional economic stability, according to a weekend research note. The Fujian Department of Finance maintains strong oversight, with by-laws committing capital support if the subsidiary defaults.The sector environment remains stable at bbb-, supported by regulatory improvements and state-led consolidation that bolster capital markets growth, Fitch said.Shares of the securities company rose 1% in recent trade.

SHA:601377

Equities36d ago

SBM Offshore Obtains $465 Million Project Financing for Floating Storage, Offloading Vessel

SBM Offshore (SBMO.AS) secured a $465 million project financing from a consortium of banks and investors for the construction of its floating storage and offloading vessel Chalchi.The loans, with a maximum term of 14 years, included partial insurance coverage from China Export & Credit Insurance Corp., the Dutch offshore floating production company said Monday.The vessel will be leased to Woodside Energy's affiliate, Woodside Petróleo Operaciones de México, on a 20-year lease upon completion. It will be used for Woodside's 60%-owned Trion project in Mexico.

$SBMO.AS

Asia36d ago

Fitch Affirms Larsen & Toubro at BBB+ on Strong Market Position

Fitch Ratings has maintained Larsen & Toubro's (NSE:LT, BOM:500510) BBB+ long-term foreign and local-currency issuer default ratings with a stable outlook, according to a recent release.The ratings reflect the company's robust position in engineering and construction, supported by above-average profitability and strong order backlog and revenue visibility, Fitch said.The company's competitive advantages, including wide scale and high brand recognition, have helped it boost its clientage in India and overseas, according to Fitch.The company's history of stable margins and diversification into steady, high-margin IT and technical services aids in offsetting sectoral risks, the rating agency said.The company has limited exposure to the Iran war and has a healthy financial framework and financial flexibility.Significant overseas earnings, a solid financial profile, and offshore funding flexibility help lift the company's local currency issuer default rating above that of the sovereign.The outlook is stable, based on Fitch's view that the company will retain a solid net cash position even with increased growth investments, anchored by further EBITDA growth, and controlled financial management and shareholder returns.

BOM:500510NSE:LT

Asia36d ago

TV Asahi Holdings Approves Restricted Stock Issuance to Executive Board

TV Asahi Holdings (TYO:9409) board approved the issuance of 8,266 new shares worth up to 25.4 million yen under its restricted share compensation plan.The shares were allocated to 16 operating directors of the company and subsidiary, according to a June 26 filing on the Tokyo Stock Exchange.Subsequently, the company will cancel treasury shares equal to the number of new common shares issued.The disposal will be completed on July 24.

TYO:9409

Asia36d ago

Jentayu Sustainables Unit to Sell Ultimate Forte for MYR2 Million

Jentayu Sustainables (KLSE:JSB) will sell its unit Ultimate Forte to Lourdes Medical Center for 1.75 million ringgit in cash, according to a Friday Bursa Malaysia filing.Shares slid about 2% in Monday's midday trade.Jentayu Sustainables had acquired Ohana Specialist Hospital, owned by Ultimate Forte, for 18 million ringgit in 2021.The sale is part of a restructuring to sharpen the company's focus on its renewable energy business. The company expects to record a gain of about 2.37 million ringgit from the disposal.The transaction is expected to be completed by the end of July, it said.

KLSE:JSB

Asia36d ago

Aspial Lifestyle's Unit Completes Acquisition of Malaysian Pawnbroking Firms

Aspial Lifestyle's (SGX:5UF) subsidiary, Maxi Cash (Malaysia), completed the acquisition of Malaysian pawnbroking and jewelry retailing companies, Ion World and Kedai Emas, according to a Friday filing with the Singapore Exchange.On completion, the total purchase consideration paid was 147.3 million ringgit.Meanwhile, Maxi retained 3 million ringgit of the purchase consideration for up to 12 months as security against any potential liabilities, claims, losses, or other actions arising from the proposed acquisition.

SGX:5UF

Asia36d ago

Renaissance United Flags Net Loss for Fiscal 2026

Renaissance United (SGX:I11) expects to report a net loss for the fiscal year ended April 30, according to a Friday filing with the Singapore Exchange.The company attributed the loss to reduced installation sales to new customers and a slowdown of new residential projects.The multi-disciplinary company will release its financial results on or before June 29.

SGX:I11

Asia36d ago

Fitch Affirms CGS' Long-Term IDRs, SSRs With Stable Outlook

Fitch Ratings affirmed China Galaxy Securities' (HKG:6881, SHA:601881) long-term issuer default ratings and shareholder support ratings or SSRs at BBB+, with a stable outlook, the ratings firm said in a commentary on June 26.The securities broker's Hong Kong shares rose 2% during Monday's afternoon trade.The ratings firm's affirmation is based on the company's expected "extraordinary support" from its ultimate controlling shareholder, Central Huijin, in the event of stress, as well as government support for Central Huijin that would flow through the company. The stable outlook reflects the "extraordinary parental support" that will stay in the medium term.The long-term IDRs and SSRs of the company's subsidiary, CGS International Holdings, were also affirmed at bbb+. The long-term IDRs of Singaporean units, CGS International Securities and CGS International Securities Singapore, were upgraded to BBB from BBB-, while their SSRs were also upgraded to bbb from bbb-. Their outlook is stable.

HKG:6881SHA:601881

Asia36d ago

Australian Shares Up; Ramelius Resources to Sell Western Australia Gold Hub to Forrestania for AU$300 Million

Australian shares closed higher on Monday after the US and Iran agreed to halt hostilities that had flared up over the weekend.The S&P/ASX 200 Index gained 0.68%, or 59.20 points, to close at 8,823.40.Brent crude oil futures climbed to trade around $72 per barrel amid concerns over the future of peace negotiations between the US and Iran, as well as the opening of the Strait of Hormuz.On the domestic front, the Reserve Bank of Australia said its monetary policy board disclosed a framework outlining how it would approach the design and use of additional monetary policy tools in a low-interest rate environment.The bank said the toolkit features six tools, including term lending facilities, government bond purchase programs, forward guidance with commitment, negative interest rate policy, term rate targets, and foreign exchange asset purchasesIn company news, Ramelius Resources (ASX:RMS) agreed to sell its Edna May Gold Hub, including processing infrastructure and surrounding satellite tenements, to Forrestania Resources (ASX:FRS) for AU$300 million under a binding share and asset purchase agreement. Completion is targeted for the September quarter, after which the company is expected to become a substantial shareholder in Forrestania.Karoon Energy (ASX:KAR) said production has been restored from the SPS-92 well at Baúna in Brazil following the replacement of the electrical submersible pump (ESP). SPS-92 is currently producing at a rate of 8,600 barrels of oil per day (bopd), taking total Baúna Project production to around 20,500 bopd.Neuren Pharmaceuticals (ASX:NEU) secured a positive opinion from the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use, which recommended approval of Daybue for treating neurobehavioral symptoms of Rett syndrome in patients aged five years and older.

ASX 200ASX:FRSASX:KARASX:NEUASX:RMS

Asia36d ago

Update: Helens International Names Co-CEOs

(Updates to add Hong Kong ticker)Helens International (HKG:9869, SGX:HLS) named He Daqing and Wang Hao as co-chief executive officers, effective June 26, according to a same-day filing with the Singapore Exchange.Wang and He succeed Xu Bingzhong who stepped down from the role on the same day.

HKG:9869SGX:HLS

Asia36d ago

Fitch Affirms GF Securities' Long-Term IDR With Stable Outlook; Shares Jump 4%

Fitch Ratings affirmed GF Securities' (SHE:000776, HKG:1776) long-term issue default ratings at BBB, with the outlook set at stable, according to a June 26 commentary from the ratings firm.The securities broker's Hong Kong shares jumped 4%, while its Shenzhen shares rose 3% during Monday's afternoon trade.The ratings firm also affirmed GF's shareholder support rating at bbb.The long-term IDR is a notch above the company's standalone credit profile of bbb- due to "moderate likelihood of support" from China's Guangdong Province.The stable outlook shows that Fitch's expectation that the standalone credit profile, along with the expected moderate potential support, will remain unchanged in the medium term.The long-term IDR of the company's subsidiary, GF Holdings (Hong Kong), was also affirmed at BBB.

HKG:1776SHE:000776

Asia36d ago

Musashi Seimitsu Board Approves New Share Issue Under Restricted Stock Compensation Plan

Musashi Seimitsu Industry(TYO:7220) board approved the issue of 14,300 new shares totaling up to 56.8 million yen under its restricted stock compensation plan.The shares were allocated to six directors, including four outside directors; two audit and supervisory committee member directors, including 2 outside directors; and 11 executive officers, according to a June 26 filing on the Tokyo Stock Exchange.The disposal will be completed on July 24.

TYO:7220

Asia36d ago

Helens International Names Co-CEOs

Helens International (SGX:HLS) named He Daqing and Wang Hao as the company's co-chief executive officers, effective June 26, according to a same-day filing with the Singapore Exchange.Wang and He succeed Xu Bingzhong who stepped down from the role on the same day.

SGX:HLS

Asia36d ago

OceanScape International's Unit Signs Conditional Power Purchase Agreement

OceanScape International's (SGX:V2Y) subsidiary, SeaScape Energy (Malaysia), signed a conditional solar power purchase agreement with Big Mountain Diversified for the development, ownership and operation of an off-grid solar photovoltaic energy generation project.Under the agreement, both parties will focus on a battery energy storage system with a power rating of 10 megawatts and three diesel backup generators with an aggregate capacity of 3,000 kilovolt amperes, according to a Saturday filing with the Singapore Exchange.The agreement includes a six-month feasibility period for Big Mountain to conduct an independent technical, commercial and regulatory assessment of the project.

SGX:V2Y

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Asia36d ago

Australian Shares Up; Ramelius Resources to Sell Western Australia Gold Hub to Forrestania for AU$300 Million

ASX 200ASX:FRSASX:KARASX:NEUASX:RMS