Tianjin Jinrong Tianyu Precision Machinery (SHE:300988) invested 4 million yuan for a 3.69% stake in Jiaxing Shanghe Sutong Equity Investment Partnership, according to a Thursday filing with the Shenzhen bourse.
The fund, with a target subscription scale of 108.3 million yuan, will solely invest in Beijing Huixi Intelligent Information Technology, an embodied artificial intelligence chip and controller maker.
Shares of the mold products maker closed 4% higher.
SWCC (TYO:5805) has agreed to transfer all 6,200 shares it holds in AXIO Corp., a wholly owned consolidated subsidiary, to Yokogawa Rental & Lease, with the share transfer agreement concluded on May 27, and the transaction scheduled for July 1, subject to clearance under the Japanese Anti-monopoly Act.The decision to transfer AXIO, an IT solutions company specializing in cloud-based ID management services under the Keyspider brand, forms part of SWCC's business portfolio reforms under its Medium-term Management Plan, according to a Tokyo bourse filing on Thursday.The transfer price has not been disclosed under the agreement with the counterparty, though SWCC expects to record a profit from the transaction and is currently assessing the impact on its net profit.
Sino Biopharmaceutical (HKG:1177) unit Chia Tai Tianqing Pharmaceutical Group's TQB3454 tablet was included in the priority review list by China's National Medical Products Administration, according to a Thursday Hong Kong bourse filing.The drug is indicated for the treatment of patients with locally advanced, recurrent and/or metastatic biliary tract cancer harboring IDH1 mutations.
Hotel Royal (SGX:H12) named Lee Zongye as its group chief executive officer, effective July 7, according to a Thursday filing with the Singapore Exchange.Zongye is currently the company's deputy chief executive officer, the filing said.