PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: SK Innovation (096770 KS) - Co. unit SK On JV with Ford (F) in the US is to receive USD 9.2bln from the US government loan program

AUSTRALIA

APA Group (APA AT) - Co. signs initial agreement with Tamboran Resources (TBN AT), while Co. estimated its final distribution of 29 Australian cents per security for the 6 months ending June 30th. (Newswires)

Australian Finance Group (AFG AT) - Co. named Lisa Bevan as COO with immediate effect. (Newswires)

HMC Capital (HMC AT) - Co. is understood to have mopped up AUD 800mln for its first Last Mile Logistics Fund. (AFR)

Nickel Industries (NIC AT) - Co. said Oracle nickel project commenced the commissioning of its 380MW power plant. (Newswires)

Pilbara Minerals (PLSS AT) - Co. begins global search for a processing JV. (AFR)

Rio Tinto (RIO AT) - Co. said production from the Western Range mine is expected to commence in 2025 with annual capacity of 25mln tons of iron ore. (Newswires)

Insurers - ASIC called for general insurers to remove unnecessary pricing complexity and fix their systems and its report revealed ongoing pricing failures which will see general insurers repay AUD 815mln to over 5.6mln customers. (Newswires)

JAPAN

Bridgestone Corp (5108 JT) - Co. is to sell its Huizhou-based tire unit for CNY 285.4mln. (Newswires)

Mitsubishi Chemical Holdings (4188 JT) - Co. is said to sign MOU with L&F related to anode material. (Newswires)

Mitsui & Co (8031 JT) - Co. will acquire remaining 70% stake in food ingredients JV with Celanese (CE). (Newswires)

Murata Manufacturing (6981 JT) - Co. plans to triple silicon capacitor production capacity. (Newswires)

Other News

Japan’s cabinet office June monthly report maintained the overall economic assessment and reiterated that the domestic economy is recovering moderately. (Newswires)

Japan’s government plans to impose US cyber standards on government contractors. (Newswires)

SOUTH KOREA

Kolon Industries (120110 KS) - Co. conforms to battery recycling. (Newswires)

SK Innovation (096770 KS) - Co. unit SK On JV with Ford (F) in the US is to receive USD 9.2bln from the US government loan program. (Yonhap)

SK Telecom (017679 KS) - Co. plans to delist depositary receipts in London. (Newswires)

Geopolitics - US intelligence report said North Korea is likely to use nuclear weapons as a means of coercion. (Yonhap)

Other News

MSCI said it welcomes proposed measures aimed at improving the accessibility of the Korean equity market to international investors. (Newswires)

23 Jun 2023 - 00:25- EquitiesResearch Sheet- Source: Newswires