InSilico Medicine (HKG:3696) will be included as a constituent stock of the Hang Seng Biotech Index effective the close of market on June 5, according to a Tuesday Hong Kong bourse filing.
The AI-driven drug discovery firm believes the inclusion reflects the capital market's recognition of its long-term growth potential.
Standard Chartered (HKG:2888) repurchased 768,801 shares on May 22 at an average price of 19.42 pounds sterling apiece, according to a Tuesday filing with the Hong Kong bourse.The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.
Personal care products company Marico (NSE:MARICO, BOM:531642) has forayed into the hair cleansing category with the launch Parachute Advansed Protein Shampoo, according to a filing to the Indian stock exchanges.Shampoos are available in multiple sizes in physical stores and online, the filing said.The company's shares were up nearly 1% in recent trade.
Activia Properties (TYO:3279) has decided to acquire the trust beneficiary interest in Nest Hotel Naha Kumoji, a limited-service hotel in Naha City, Okinawa, for 5.49 billion yen.The property, which opened in April 2021, maintains a 100% occupancy rate under a long-term lease contract with minimum guaranteed rent plus variable rent, according to a Tokyo bourse filing on Tuesday.The acquisition, set for completion on May 29, is part of API's asset replacement strategy alongside the planned sale of Kobe Kyu Kyoryuchi 25Bankan, expanding its portfolio to 46 properties worth 542.1 billion yen.