AVIC Heavy Machinery (SHA:600765) plans to sell up to 16.7 million shares of Shangda Aviation Materials via negotiated transfer.
The shares have a book value of 86.8 million yuan as of the end of 2025, according to a Tuesday filing with the Shanghai bourse.
AVIC Heavy Machinery currently holds 50 million shares of Shangda Aviation Materials, or a 13.45% stake.
Shares of the manufacturer of forging, casting, hydraulic and environmental control products wer down 2% in recent trade.
CF PharmTech (HKG:2652) said Chinese regulators had accepted its marketing authorization application for tiotropium bromide inhalation powder for review, according to a Tuesday filing with the Hong Kong bourse.The product is designed to treat bronchospasm associated with chronic obstructive pulmonary disease and help keep reduce exacerbations associated with the condition.
Abacus Group (ASX:ABG) named Mark Haberlin, a non-executive director and lead independent director, as independent chair of the board, succeeding Myra Salkinder, according to a Tuesday filing with the Australian bourse.Salkinder will retire from the board on June 30, the filing said.Shares rose 1% in midday trade on Tuesday.
MeGroup (SGX:SJY) booked a loss attributable to equity holders of 2.1 million Malaysian ringgit in the fiscal second half ended March 31, against an attributable profit of 1.0 million ringgit a year earlier, according to a Tuesday filing with the Singapore Exchange.Loss per share came in at 0.0177 ringgit compared with earnings per share of 0.0085 ringgit in the year-ago period.Revenue declined 15% year over year to 168.5 million ringgit from 199.2 million ringgit.