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iRay Technology Unit to Raise 50 Million Yuan from Investment Fund

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iRay Technology (SHA:688301) said its controlled grandchild company iRay New Materials will introduce Shanghai Lianxin Medical and Health M&A Private Equity Investment Fund as an investor through a 50-million-yuan capital increase.

The fund will contribute 50 million yuan for 2.5 million yuan in newly registered capital, taking a 10% stake in iRay New Materials.

iRay Taicang will waive its preemptive subscription right, with its holding in iRay New Materials dropping to 57.36% from 63.74%.

Shares of iRay Technology were up nearly 2% in recent trade.

What else is happening in Asia?

Asia

GenFleet Presents Updated Lung Cancer Therapy Data at Korean Medical Conference

GenFleet Therapeutics (HKG:2595) said Tuesday it presented the updated Phase 2 data for GFH375 monotherapy in pretreated KRAS G12D-mutant non-small cell lung cancer at the World Conference on Lung Cancer in South Korea.The company said the updated results showed an objective response rate of 59.2%, a disease control rate of 93%, and a 12-month overall survival rate of 77% in 71 subjects who received 600 milligrams of the oral drug, according to a Tuesday disclosure.

HKG:2595
Asia

White Cliff Minerals Says Gina Rinehart's Hancock Prospecting to Take 13.5% Stake With Nearly AU$9 Million Investment

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ASX:WCN
Asia

Wafangdian Bearing Seeks Delisting As Public Float Falls Below 10%

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SHE:200706