PolyNovo (ASX:PNV) received notice that JPMorgan Chase and its affiliates decreased their holdings in the company to 7.45% from 9.18%, according to a Monday Australian bourse filing.
JPMorgan Chase and its affiliates now own 51.5 million shares in the company, the filing said.
The company's shares rose 5% in recent Monday trade.
The China Securities Regulatory Commission has fined three securities brokers for operating without proper approvals, according to a Friday notice from the securities watchdog.The fines are part of a broader initiative by Beijing to crack down on unauthorized cross-border investments.Tiger Brokers (NZ), Futu Securities International (Hong Kong), and Changqiao Securities (Hong Kong), also known as Longbridge, received administrative penalties for conducting securities trading within mainland China without the regulator's approval.In a statement, Futu disclosed that the CSRC imposed a 1.85 billion yuan fine against the company, along with a 1.25 million yuan penalty for its founder and CEO Li Hua. The broker added that it is cooperating with the regulator.Tiger Brokers' Nasdaq-listed parent company, UP Fintech, said it was handed a 308.1 million yuan fine. The firm said it is cooperating with regulatory authorities, pledging to "strictly implement the rectification measures required."Longbridge also expressed its willingness to comply with rectification measures imposed by the CSRC, but did not disclose the details of its penalties, Reuters reported.
The Netherlands-based chip equipment giant ASML supplies extreme ultraviolet (EUV) lithography machines to Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), however, the Netherlands' semiconductor ties with South Korea extend far beyond a single company, Peter van der Vliet, the Dutch ambassador in Seoul, told Nikkei Asia on Sunday.Dutch firms ASM International, BE Semiconductor Industries, and the research organization TNO are active partners of South Korean chipmakers, the report said.Vliet said that the two countries could deepen cooperation in next-generation chip manufacturing technologies, particularly in photonics, which uses light instead of electronics to process and transmit data in semiconductors, it said.(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.)
(Updates to add stock movement in the headline and last paragraph)Coronado Global Resources (ASX:CRN) agreed to divest its Logan Mining Complex in West Virginia, US, selling its full interest in Coronado Coal II to Phoenix Coal Holdings, with the buyer assuming associated liabilities, including reclamation and other post-closing obligations, according to a Monday filing with the Australian bourse.The Logan complex consists of coal mining properties, leases, permits, and infrastructure, including a preparation plant and load-out facility, located across Boone, Logan, and Wyoming Counties, per the filing.The deal is expected to be free cash flow positive for the company by eliminating ongoing holding and care-and-maintenance expenses, as well as future environmental and operational liabilities, the filing said.The transaction is subject to customary closing conditions and is expected to be completed in July, with no anticipated impact on the company's near-term production guidance, the filing added.The company's shares jumped 19% in recent Monday trade.