-- Hubei Jumpcan Pharmaceutical's (SHA:600566) Jianwei Xiaoshi Oral Liquid was selected for the National Chinese Patent Medicine's centralized procurement, according to a Friday disclosure to the Shanghai bourse.
The drug is used to treat food stagnation and indigestion.
During the procurement period, medical institutions will prioritize the use of the selected products, the pharmaceutical company said.
AirAsia X (KLSE:AAX) unit Asia Aviation Capital agreed to buy 150 Airbus A220-300 aircraft from Airbus in a deal valued at about $19 billion, according to a Thursday Malaysian bourse filing.Shares fell over 2% in Friday's midday trade.The aircraft are scheduled for delivery from 2028 through 2039, with the group retaining an option to increase the order to 300 aircraft to meet future demand.AirAsia X said the A220 aircraft will support its transition into a low-cost network carrier by enabling it to serve smaller and high-growth markets more efficiently.The airline added the jets are expected to reduce fuel burn and emissions by about 20% compared with previous-generation aircraft.The group also entered into engine supply and maintenance agreements with Pratt & Whitney for the aircraft's PW1521G-3 engines, the filing said.
Tabcorp Holdings (ASX:TAH) is set to face a range of possible outcomes from a new investigation into money-laundering risks, and the probe will likely remain an overhang for an extended period of time, Jefferies said in a Thursday note.The Australian Transaction Reports and Analysis Centre (AUSTRAC) is probing the company's compliance with anti-money laundering and counter-terrorism financing obligations, citing concerns about the wagering operator's ability to identify and mitigate risks."Precedent gaming sector Austrac investigations have been long-dated, costly, and have had significant operational impacts," the equity research firm said, adding that prior probes show the risk can extend beyond punitive fines to operating earnings.Jefferies expects the investigation to focus on retail gaming, given the recent regulatory scrutiny around slots and casinos and the revival of retail turnover at Tabcorp. It noted that monitoring a retail network of 3,700 locations could be cumbersome and costly.Tabcorp's operating leverage "has been a core reason for our positive thesis, however in any escalation of the investigation, this could see material operating deleverage," Jefferies said.It downgraded its rating on the company to hold from buy while cutting the price target to AU$0.93 from AU$1.25.Tabcorp shares fell 14% in recent Friday trade.
KP Green Engineering's (BOM:544150) consolidated attributable profit rose to 774.3 million Indian rupees in the fiscal fourth quarter ended March 31, from 460.1 million rupees a year ago.Earnings per share came in at 15.49 rupees from 9.20 rupees a year earlier, the solar module manufacturer said in a filing to the Indian stock exchanges on Friday.Revenue from operations in fiscal Q4 increased to 7.13 billion rupees from 4.32 billion rupees a year ago.The company's board recommended a final dividend of 0.30 rupees per equity share of the face value of 5 rupees each for the financial year 2025-26.The company's shares were down nearly 4% in recent trade.