PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCK NEWS: Woodside Energy (WDS AT) will exercise its pre-emption right in the Browse joint venture and acquire PetroChina's 10.67% stake in the project for USD 225mln

AUSTRALIA

ANZ Group Holdings (ANZ AT) - Co. said New Zealand Chief Executive Officer Antonia Watson will retire and will be succeeded by Ben Kelleher. (ANZ)

BHP Group (BHP AT) - Co. is seeking to recruit contract workers to maintain operations at its Port Hedland iron ore export hub ahead of potential industrial action that could begin as soon as next week, while workers at the Co.'s Australian iron ore export hub have voted in favour of strike action. (AFR/The Australian)

Cleanaway Waste Management (CWY AT) - Co. said Chair Philippe Etienne will retire effective June 30 and will be succeeded by Samantha Hogg as planned. (Dow Jones Newswires)

Fortescue (FMG AT) - Co. has struck a co-management mining agreement with the traditional owners of Juukan Gorge. (The Australian)

Fonterra Co-operative Group (FCG AT) - Co. said it is making permanent its transition from a channel-led to a market-led leadership structure, appointing Teh-han Chow as CEO Greater China, Gaby Amade as President Global Markets and Elisa Giusti as Chief Growth and Strategy Officer. (Dow Jones Newswires)

Woodside Energy (WDS AT) - Co. will exercise its pre-emption right in the Browse joint venture and acquire PetroChina's 10.67% stake in the project for USD 225mln. (Newswires)

JAPAN

Asahi Group Holdings (2502 JT) - Co. cut its FY2025 profit attributable to owners of parent forecast to JPY120bln from JPY 167.5bln previously. (Newswires)

Honda Motor (7267 JT) - Co. is recalling more than 1mln vehicles due to a tire repair kit defect. (Newswires)

Kyocera (6971 JT) - Co. agreed to tender nearly 53.7mln common shares in KDDI at JPY 2,325/shr for a total of approximately JPY 124.8bln. (Newswires)

Nissan Motor (7201 JT) - Co. aims to halve the development time for new vehicle models by leveraging artificial intelligence, according to President Ivan Espinosa. (Nikkei)

Takeda Pharmaceutical (4502 JT) - Co.'s artificial intelligence-developed psoriasis pill outperformed Bristol Myers Squibb's Sotyktu in a head-to-head trial. (Newswires)

Tech - Japanese and UK governments plan to establish a fund to support startups developing dual-use technologies in areas including artificial intelligence, quantum technology, drones and space. (Nikkei)

SOUTH KOREA

Hanwha Ocean (042660 KS) - Co. is likely to win a KRW 7.8tln project to build next-generation destroyers, according to sources. (Yonhap)

Shinsegae (004170 KS) - Co. and E-Mart (139480 KS) agreed to acquire the entire stake in e-commerce affiliate SSG.com held by a financial investor in a transaction valued at about KRW 1.3tln. (Yonhap)

Samsung Electronics (005930 KS) - Co. offices were reportedly raided over alleged insider trading related to the takeover of Rainbow Robotics. (Korea Times)

Other News - South Korean securities firms reported combined Q1 net profit rose 77% Y/Y to KRW 4.3tln, supported by higher commission income from increased stock trading activity. (Yonhap)