Innovax's (HKG:2680) Chairman Chung Chi Man and CEO Poon Siu Kuen, Calvin, resigned effective May 30 due to a change in control of the firm, according to a May 29 Hong Kong bourse filing.
Shares of the financial company were up 4% in Monday afternoon trading.
The firm, on the same day, named Wang Tingfa as its new chair and CEO.
Wang is a controlling shareholder of the company as he owns Billion Shine International Investment, which holds a 75% stake in the firm.
Guangdong Tianyu Semiconductor (HKG:2658) received acceptance from the China Securities Regulatory Commission for its proposed H-share full circulation plan, according to a Friday Hong Kong bourse filing.The application covers the conversion of 334.3 million unlisted shares held by participating shareholders into Hong Kong-listed shares.Shares of the firm were down over 2% in Monday morning trade.
Big Caring Group is preparing for a stock market debut that could raise as much as 3 billion ringgit ($750 million), positioning the pharmacy retailer among Malaysia's largest IPOs in recent years, Bloomberg News reported Friday, citing people with knowledge of the matter.The pharmacy chain, backed by private equity firm Creador, is aiming to list by October. It plans to offer up to 25.5% of its enlarged share capital, with part of the proceeds to be used to repay debt. The size and timing of the IPO could still change.Big Caring runs 626 outlets across Malaysia under brands including Big Pharmacy and Caring Pharmacy. Creador, which holds roughly 34% of the company, plans to sell up to 14.8% of its stake in the offering. The company did not respond to Bloomberg's request for a comment, the report said.(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.)
AMTD Idea (SGX:HKB) said The Generation Essentials Group has acquired super majority interests in the Upper View Regalia Hotel in Kuala Lumpur, Malaysia, for $38 million, according to a Friday filing with the Singapore Exchange.The property comprises 129 guest rooms and serves the hospitality and lifestyle needs of global citizens and local communities.Following the acquisition, the conglomerate's hospitality portfolio is nearing 1,000 rooms.The Generation Essentials Group is a subsidiary of New York-listed AMTD Digital.