Pan-United (SGX:P52) bought back 100,000 shares in the open market on Tuesday for SG$151,429, or SG$1.51 apiece, according to a same-day filing with the Singapore Exchange.
The company has been authorized to repurchase about 70 million shares under its current mandate. To date, it has bought back 707,700 shares.
Hong Kong's Securities and Futures Commission urged licensed firms to strengthen cybersecurity measures against emerging threats enabled by advanced artificial intelligence models, according to a circular issued Tuesday.The regulator warned that rapid advances in AI could enable more frequent and sophisticated cyberattacks, including phishing, social engineering, deepfake impersonation, and large-scale attacks targeting interconnected systems.The SFC called on licensed firms, particularly internet brokers and virtual asset trading platforms, to enhance safeguards for client information and assets.The regulator also urged firms to review areas including vulnerability management, threat detection, monitoring, incident response, and recovery to enhance cyber resilience.
Bank of Qingdao's (HKG:3866, SHE:002948) shareholder Qingdao Haier Industrial Development plans to reduce its holding in the firm by 107.1 million, or 1.84%, shares, according to a Tuesday Hong Kong bourse filing.Shares of the lender were down nearly 1% in Wednesday afternoon trading.Qingdao Haier Industrial Development, which currently holds 532.6 million, or 9.15%, shares in the bank, will dispose of shares through block trades within 3 months after 15 trading days from the disclosure date.
Sales of Tesla's China-made electric vehicles rose 39% year over year in May, Reuters reported Tuesday, citing the China Passenger Car Association.Deliveries grew 8.2% month on month to 85,982 units, according to the report.(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.)