Shui-Mu International's (TPE:8443) board appointed Chairman Lo Jung-Yueh to concurrently serve as president, effective Tuesday, according to a same-day Taiwan Exchange filing.
The footwear and lifestyle retailer said the appointment replaces former president Kuo Hsin-Yi.
Hospitality technology company PRISM has received Securities and Exchange Board of India's approval for its proposed initial public offering, Mint reported Tuesday, citing people familiar with the matter.The OYO operator confidentially filed its draft red herring prospectus with SEBI in December 2025 after shareholders approved a plan to raise up to 66.5 billion rupees through a fresh issue of shares, the report said, citing the sources.PRISM is seeking a valuation of about $7 billion to $8 billion for the proposed offering, Mint noted.The company is expected to publicly file an updated draft prospectus by early July, after which the document will be open for public comments, the report 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.)
Genscript Biotech (HKG:1548) defended its operations after renewed scrutiny from U.S. lawmakers over alleged national security concerns, the South China Morning Post reported Wednesday.The company said it operates with transparency across its global markets and follows strict data security and intellectual property safeguards, according to the report.The response came after two U.S. lawmakers reportedly sent a letter to the Federal Bureau of Investigation and the Office of the Director of National Intelligence for updated information regarding GenScript and its affiliates.The lawmakers had made a similar request last year, citing concerns about potential links to China's biotechnology ambitions.Shares of the life sciences firm were up over 14% in Wednesday afternoon trade.(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.)
Global View (TPE:3040) has not been found in violation of Taiwan's Securities and Exchange Act, following a media report alleging insider trading involving its general manager.The company said the report, published by Mirror Media, was based on third-party allegations and that no competent authority has made any determination of wrongdoing, according to a Tuesday Taiwan Exchange filing.The electronic dictionaries added that the general manager has denied the allegations and has retained legal counsel to submit a written clarification.Global View said it maintains strict internal controls and will cooperate with authorities, while reserving legal action over any false or unverified claims.