PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCK NEWS: Resmed sells MatrixCare for USD 490mln, SK Hynix US listing oversubscribed
Australia
FINEOS (FCL AT) - Co. announces the successful completion of the Accident Compensation Corporation's (ACC) migration to the FINEOS Platform in the Cloud. (Business Wire)
Macquarie Group (MQG AT) - Co. investors are expected to demand answers at its annual meeting over the integrity of the audit tender process that led to KPMG’s appointment. (AFR)
Ramelius Resources (RMS AT) - Q4 Gold output 192,182oz (prev. 38,100oz Q/Q), output within guidance. (Ramelius Resources)
Resmed (RMD AT) - Co. announces that it has agreed to sell its MatrixCare business to Frazier Healthcare Partners for USD 490mln. (Resmed)
Telstra Group (TLS AT) - Co. says it is investigating an issue affecting some mobile calls and data connections. (Telstra)
Japan
Fujikura (5803 JT) - Co. is investing heavily in fibre-optic cable production as rising orders brighten its outlook. (Nikkei)
Japan Airlines (9201 JT) - Co. is considering investing tens of billions of yen in its loyalty programme by the fiscal year ending March 2031. (Nikkei)
Mitsubishi UFJ Financial Group (8306 JT) - Co.’s MUFG Bank plans to use satellite imagery and AI to inspect real estate used as loan collateral from fiscal 2027. (Nikkei)
SBI Holdings (8473 JT) - Co. acquired a 20% stake in US cryptocurrency exchange EDX Markets to expand use of an SBI-issued stablecoin. (Nikkei)
Shimizu (1803 JT) - Co. plans to introduce AI-powered humanoid robots at construction sites by around fiscal 2030. (Nikkei)
Sumitomo Mitsui Trust Group (8309 JT) - The Co.’s trust bank unit says it will acquire a 15% stake in Morrison and make an initial USD 500mln commitment to two Morrison strategies. (Sumitomo Mitsui Trust Group)
Toyota Motor (7203 JT) - Co. investors are growing sceptical of its prospects for achieving a 20% ROE target and are pushing for larger dividends and more efficient asset use. (Nikkei)
South Korea
CJ CheilJedang (097950 KS), Daesang (001680 KS), Sajo CPK (079660 KS), Samyang (145990 KS) - Cos were fined a total of KRW 747.6bln by South Korea’s FTC over alleged starch price-fixing. (Yonhap)
Hyundai Motor (005380 KS) - Co. will collaborate with the government to establish national certification for Plug and Charge technology. (Yonhap)
Naver (035420 KS) - Co. launched a platform connecting startups with investors. (Yonhap)
SK Hynix (000660 KS) - Co.’s US listing reportedly multiple times oversubscribed, Bloomberg reports. (Bloomberg)
Other News:
- South Korea’s Finance Minister says the government is considering measures to address problems arising from newly introduced single-stock leveraged ETFs.
- South Korea's Foreign Ministry says they have signed an MoU with the US and Japan on cooperation to deploy small modular reactors
- A South Korean official says they agreed with NATO to launch negotiations on a framework agreement on procurement.