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China Prosecutors to Review Contract Disputes Against Beijing Ultrapower Software

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Chinese prosecutors accepted a request to review a contract dispute filed by Beijing Ultrapower Software (SHE:300002) subsidiary Beijing Ultrapower System Integration against three entities, according to a Tuesday filing with the Shenzhen bourse.

Beijing Ultrapower System Integration already won court rulings awarding damages.

Appellants Datang Semiconductor Design, Datang Microelectronics Technology, and Beijing Shilitonghe Technology Development already paid 245.3 million yuan under a 2024 settlement and lost a retrial appeal in 2025.

Ultrapower System Integration filed 50 lawsuits against the three respondents for contract disputes involving 703.4 million yuan in contract payments and penalties.

What else is happening in Asia?

Asia

Goodman Group Receives 2 Shareholder Resolutions for Upcoming Annual General Meeting

Goodman Group (ASX:GMG) received two shareholder resolutions for consideration at its Nov. 19 annual general meeting, according to a Monday filing with the Australian bourse.One of the resolutions calls on the company to disclose its framework for identifying and managing material environmental and social-license risks related to data center development close to residential areas, schools, or environmentally sensitive land.The second one seeks an amendment to Goodman Group's constitution to permit advisory resolutions, per the filing.Both resolutions are advisory and do not bind the company's directors.Its shares gained past 1% in recent Tuesday trade.

ASX:GMG
Asia

Farglory Land Development Approves NT$5.46 Billion Construction Contract

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TPE:5522
Asia

Sealink International Receives $17 Million Insurance Payout for Vessel Fire Incident in Brazil

Sealink International (KLSE:SEALINK) has received the insurance proceeds of $17.3 million on Monday, in relation to the fire incident involving one of the group's vessels located in Brazil, according to a sameosay filing to the Malaysian bourse.The payout follows a settlement agreement executed on May 5.The company's shares were up nearly 2% in recent trade.

KLSE:SEALINK