Shanghai M&G Stationery (SHA:603899) Chairman Chen Huwen proposed to repurchase shares worth between 500 million yuan and 1 billion yuan, according to a Shanghai bourse filing on Friday.
The share buyback will be implemented within 12 months after the board of directors' approval.
The stationery manufacturer's shares closed 6% higher.
Telekom Malaysia's (KLSE:TM) profit attributable to shareholders fell to 321.5 million ringgit in the first quarter, from 401.3 million ringgit a year earlier, according to a Thursday Malaysian bourse filing.Shares gained over 2% in Friday's midday trade.Earnings per share declined to 0.084 ringgit from 0.105 ringgit in the same period last year.Operating revenue rose to 2.93 billion ringgit from 2.85 billion ringgit a year earlier.The board declared a dividend of 0.065 ringgit per share.
DeepSeek plans to prioritize artificial intelligence research over short-term commercialization, Bloomberg News reported Friday, citing people familiar with the matter.The AI startup's founder, Liang Wenfeng, mentioned the plan to investors during its ongoing 70 billion yuan fundraising round, according to the report.Insiders said the company, which was founded in 2023, made it clear it will accelerate technology over monetization, the report said.Liang could personally inject about 20 billion yuan in the funding round, while the state-backed AI fund is in discussions to invest around 10 billion yuan, insiders told the media outlet.DeepSeek is yet to respond to' request for comment on the matter.(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.)
Shenzhen Agricultural Products (SHE:000061) subsidiary Shenzhen Guocai Trading received the full land compensation payment of 58.0 million yuan from the Pingshan Planning and Natural Resources Bureau.The payment follows the government's compensated repurchase of land use rights for Parcel No. G14301-0001, according to a Friday filing with the Shenzhen bourse.Shares of the agricultural products company closed 1% higher Friday.