Hua Xia Bank (SHA:600015) said Yang Hong resigned as chief compliance officer due to work-related reasons.
Yang will remain with the bank as head of its Hong Kong branch, according to a Thursday filing with the Shanghai bourse.
Shares of the bank closed 2% lower Thursday.
Catcher Technology (TPE:2474) said artificial intelligence server products are set to become a major growth driver, with revenue contribution expected to rise significantly in the second half of this year, Taipei Times reported Thursday, citing Chairman Allen Hung.Hung said the company began small-scale shipments of AI-related components in late last year. Catcher expects these products to account for around 20% of total revenue this year. He added that the momentum is likely to continue into next year, according to the report.Catcher, traditionally a supplier of laptop casings, is shifting its business toward AI server hardware, including chassis components for next-generation server systems. Hung said AI server-related revenue is expected to outperform the company's laptop casing business over the next three years, the news outlet reported.Catcher is also looking to increase the share of non-notebook products to more than 30% of total revenue this year, Taipei Times reported.In addition, the company is expanding into components for medical devices, semiconductor equipment, aerospace applications and drones. It has obtained aerospace certification and has already secured drone-related orders from international customers. It is also exploring opportunities in AI robotics through cooperation with a U.S. startup, while expanding manufacturing capacity in Southeast Asia, including new facilities in Thailand and Vietnam, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
South Korean shares closed lower on Thursday, snapping a four-day winning streak as investors were skeptical of the recent rally led by AI boom.Investors also took a moment to ponder the increasing oil prices after the U.S. attacked Iran despite the ongoing peace talks.The Korea Composite Stock Price Index or Kospi fell 43.41 points, or 0.5%, to end at 8,185.29. The Kosdaq also decreased by 28.77 points, or 2.5%, to close at 1,104.36.Oil prices climbed on Thursday after fresh U.S. strikes in Iran raised concerns over shipping disruptions in the Strait of Hormuz. Brent crude added more than 3% to around $97 a barrel, while U.S. crude gained over 3%, as Iran's Revolutionary Guards said they had targeted a U.S. airbase following American strikes on a site seen as threatening regional shipping and U.S. forces.In economic news, the Bank of Korea kept its base rate unchanged at 2.50% for the inter-meeting period amid high inflationary pressure and uncertainties surrounding developments in the Middle East, the central bank said in a Thursday release.In corporate news, Megabox JoongAng took out a loan of 21 billion won from its parent and entertainment giant ContentreeJoongAng (KRX:036420) to secure liquidity, according to a filing with the Korea Exchange on Thursday.Shares of ContentreeJoongAng fell nearly 1% at market close.
Genertec Universal Medical (HKG:2666) completed the issue of 300 million yuan of bonds in China on Wednesday, according to a same-day Hong Kong bourse filing.Shares of the healthcare firm were down nearly 2% in Thursday afternoon trading.The bonds carry an interest rate of 1.82% and will fall due in two years.