FINWIRES · TerminalLIVE
FINWIRES

China Bars 46 More US Companies in Expanded Crackdown

By

China has expanded its restrictions against U.S. companies, banning 46 more firms, including Lockheed Martin and Raytheon Missiles & Defense, from government procurements, the Ministry of Finance announced Monday.

The measure halts government purchases of these companies' products and exempts them from operating in China.

The updated list also includes subsidiaries of Lockheed Martin and Raytheon, as well as General Atomics Aeronautical Systems and Boeing Defense, Space & Security, among others.

The move builds on a separate crackdown earlier on Monday, when the Ministry of Commerce blacklisted 10 US tech and defense firms, including Aveox, Red Cat Holdings, and Teal Drones.

The development follows the Trump administration's military designation on Chinese tech firms, including Alibaba (HKG:9988), Baidu (HKG:9888), BYD (HKG:1211, SHE:002594), and Nio (HKG:9866, SGX:NIO).

Related Articles

Asia

MetaOptics Receives Revised SGX Notice for Planned Nasdaq Listing

MetaOptics (SGX:9MT) received a revised listing and quotation notice from the SGX-ST for up to 121.3 million new shares to support its proposed listing on the Nasdaq exchange via American Depository Shares, according to a Friday bourse filing.Shares of the metalens producer were up over 1% in Monday trading.The revised notice will cover 102.4 million shares for the main ADS offering, up to 15.4 million shares for an overallotment option, and up to 3.5 million shares for the exercise of warrants.

SGX:9MT
Asia

Innoax Wins KRW3.48 Billion Samsung Life Insurance Front-End System Enhancement Contract

South Korean software company Innoax (KOSDAQ:296640) secured a contract from Samsung SDS (KRX:018260) to enhance the Samsung Life Insurance front-core system, according to a Monday filing with the Korean Exchange.The contract, valued at 3.48 billion won, is valid till Dec. 21, 2027.Shares of Innoax fell nearly 1% in recent trade.

KOSDAQ:296640KRX:018260
Asia

Hong Fok Repurchases Shares

Hong Fok (SGX:H30) bought back 176,800 shares in the open market on Friday for around SG$169,289, according to a same-day after-market filing with the Singapore Exchange.To date, the property investment company has repurchased nearly 5 million shares under its current buyback program.

SGX:H30