Finance

Since its simultaneous listing on the capital markets of Hong Kong and Kazakhstan in August 2025, Jiaxin International Resources has seen its share price continue to climb on the strength of its core asset—the Bakuta Tungsten Mine, the world's largest open-pit tungsten trioxide ($WO_3$) mine. As of March 11, 2026, the share price stood at HK$151.5, representing a cumulative gain of over 12 times from its offer price of HK$10.92, with a total market capitalization of HK$69.04 billion. It was officially included in the Stock Connect on March 9. Benefiting from the official start of commercial production in April 2025 and the surge in global tungsten prices, the company expects to achieve a net profit of HK$300 million to HK$340 million in 2025, turning a profit from a loss.

NewTimeSpace · 2026-03-12

NewTimeSpace: Guotai Junan International Holdings Limited (01788.HK) announced that on 10 March 2026, the Hong Kong Securities and Futures Commission (SFC) and the Independent Commission Against Corruption (ICAC) visited the Company’s principal place of business in Hong Kong and executed search warrants, seizing certain documents. The Company was informed that one employee who is not a member of the Board was detained by the ICAC. The Company immediately suspended the employee from duties and confirmed that overall business and operations remain normal.

NewTimeSpace · 2026-03-12

Iluvatar CoreX (09903.HK), a domestic general-purpose GPU enterprise, listed on the Hong Kong Stock Exchange in January 2026. Boosted by the explosion in demand for AI agents and inference computing, the share price closed at HK$338.20 on March 10, up 133.89% from its offer price, with a market cap of HK$86.01 billion. The company achieved mass production of its "Tiangai" and "Zhikun" series using a 7nm process, building a "Cloud-Edge-Terminal" full-scenario computing matrix. As AI development shifts toward the inference phase, the gap between domestic GPUs and international giants is narrowing. It is estimated that by 2029, the localization rate of China's GPGPU market will rise from the current 3.6% to 31%.

NewTimeSpace · 2026-03-11

NewTimeSpace News,On March 10, Singapore-listed Yangzijiang Shipbuilding announced its proposal to acquire a 10% equity stake in Poseidon Corp. for a cash consideration of USD 825.7 million. The transaction will be carried out pursuant to two conditional share purchase agreements, with the funding sourced from the company's internal cash reserves.

NewTimeSpace · 2026-03-11

NewTimeSpace News,March 10: Singapore's SIA Engineering Company announced that its wholly-owned subsidiary SIAEC Global has successfully won the bid for a 30% stake in the enlarged share capital of Arport Aircraft Maintenance & Engineering (Fujian) Co., Ltd., a subsidiary of Xiamen IPORT Group, via a public tender organized by Xiamen Equity Exchange Centre, with a subscription consideration of RMB 129 million.

NewTimeSpace · 2026-03-11

NewTimeSpace News,March 11: ComfortDelGro, a leading Singaporean multi-modal transport operator, announced that it will invest over S$200 million over 30 years through its subsidiary ComfortDelGro Driving Centre to modernise Singapore's driving education, with the core initiative being the development of a Next-Generation Driving Centre at Lorong Bistari, Choa Chu Kang.

NewTimeSpace · 2026-03-11

NewTimeSpace News,As disclosed in an announcement on the Singapore Exchange on March 11, Continuum Energy stated that its existing shareholder Just Climate and its limited partner will make a $67.5 million follow-on equity investment in the company, with the funds earmarked to support the deployment of the company's wind-solar hybrid power generation and energy storage projects across India.

NewTimeSpace · 2026-03-11

NewTimeSpace News,As disclosed in the news from the Singapore Exchange on March 11th, HCLTech announced the establishment of a partnership with Hockey Victoria to support the Melbourne Cobras that are set to make their debut in the Hockey One League, with the core cooperation content being the design and development of a digital fan engagement platform.

NewTimeSpace · 2026-03-11

NewTimeSpace: CK Life Sciences Int'l., (Holdings) Inc. (00775.HK) announced the establishment of Sequencio (Shunpu Pharmaceutical Technology Co., Ltd.), a wholly-owned subsidiary dedicated to the development of its portfolio of therapeutic cancer vaccines.Sequencio’s preclinical pipeline includes vaccine candidates targeting TROP2, PRAME, PD-L1, B7-H3 and Claudin 6. Among them, the TROP2-targeted vaccine demonstrated complete tumor growth inhibition in preclinical studies.

NewTimeSpace · 2026-03-10

NewTimeSpace News,according to an announcement released by the Singapore Exchange on 9 March, AIMS APAC REIT stated that its trustee, HSBC Institutional Trust Services (Singapore) Limited, issued S$100 million 4.25 per cent. Series 006 Subordinated Perpetual Securities on the same day. The securities are expected to be officially admitted to the Official List of the Singapore Exchange and start trading at 9:00 a.m. on 10 March.

NewTimeSpace · 2026-03-10

NewTimeSpace News,Singapore-listed company Mary Chia announced on March 9 the completion of the proposed new shares subscription. The company allotted and issued 5.7143 million new shares to the subscriber at a subscription price of S$0.035 per share, bringing the company's total share capital up to 334 million shares accordingly.

NewTimeSpace · 2026-03-10

NewTimeSpace News,Singapore Exchange announced on March 10 that Canacol Energy Ltd. has completed the first subsequent advance under its Debtor-in-Possession (DIP) financing. All precedent conditions set out in the DIP Financing Commitment Letter have been satisfied for this advance, and the relevant financing arrangement has previously obtained approvals from the Canadian and U.S. courts.

NewTimeSpace · 2026-03-10

MIRXES-B (02629.HK), which holds the world’s only approved gastric cancer early screening IVD product, has recently encountered a capital winter. As of March 9, 2026, the share price stood at HK$14.81, down over 36% from its IPO price and 66.37% YTD, with its market capitalization shrinking to HK$4.417 billion. Although the core business gross margin rose to 67.6% in H1 2025, the company has yet to escape its loss-making predicament, with cumulative losses exceeding US$200 million from 2022 to 2024. In early 2026, it raised HK$711 million through a placement and partnered with XtalPi to create an "AI + Early Screening" closed loop, while cornerstone investors committed to a lock-up to bolster market confidence.

NewTimeSpace · 2026-03-10

NewTimeSpace: CR Construction Group Holdings Limited (01582.HK) announced that its indirectly wholly-owned subsidiary, CR Construction Co., Ltd., has signed a letter of acceptance in respect of the main construction works contract for the development of a logistics centre in Kwai Chung, New Territories, Hong Kong, with a contract value of approximately HK$3.6 billion. The Group will act as the main contractor for the project.

NewTimeSpace · 2026-03-09

NewTimeSpace: HBM Holdings Limited (0214​2.HK) announced that the Investigational New Drug (IND) application for HBM7575 (also known as SKB575), a long‑acting bispecific antibody targeting TSLP and an undisclosed target for the treatment of atopic dermatitis, has been approved by the National Medical Products Administration (NMPA) of China.

NewTimeSpace · 2026-03-09

NewTimeSpace News,On March 9, OKP Holdings Limited, a mainboard-listed company in Singapore, announced that it has secured a commuter infrastructure contract worth approximately S$87.3 million from the Land Transport Authority of Singapore (LTA). The contract covers the construction of facilities surrounding upcoming stations on the Jurong Region Line (JRL), with a term of 60 months effective from February 2026.

NewTimeSpace · 2026-03-09
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