FINWIRES · TerminalLIVE
FINWIRES

Sinco Pharma Vice Chair Named New Chair

By

Sinco Pharmaceuticals (HKG:6833) named Vice Chairman Huang Zhijian as its new chair.

The marketing company for pharmaceutical products and medical devices said in a Friday filing in Hong Kong that the change took effect the same day.

Related Articles

Asia

PCCW Grants 1.6 Million Shares to Employees as Incentive

PCCW (HKG:0008) granted awards involving a little over 1.6 million shares to various employees under a 2024 incentive scheme, according to a Friday filing with the Hong Kong bourse.The information and communication technology firm now has 762.4 million and 38.7 million shares available for future grant under the scheme mandate limit and service provider sublimit, respectively.

$HKG:0008
Asia

Market Chatter: South Korean Government to Supply 90,000 Youth Rental Homes in Greater Seoul Area by 2027

South Korea plans to supply about 90,000 rental housing units for young people in the greater Seoul area by 2027 in a bid to ease housing shortages and enhance living conditions, Yonhap News reported Friday, citing Finance Minister Koo Yun-cheol.Out of the total, 66,000 units will be situated in regulated zones. The government will focus on non-apartment housing that can be supplied at a faster pace. These will comprise multifamily homes and compact studio units, the report said.The government also plans to expand modular construction methods to shorten project timelines and lower financial burdens on developers, 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.)

$^KOSDAQ$^KS11
Asia

Newlink Technology Eyes Acquisition to Boost Tech Application

Newlink Technology (HKG:9600) flagged its potential acquisition of HK Ant Global Investment for up to HK$100 million, according to a Friday filing with the Hong Kong bourse.The memorandum of intent, with an exclusivity period of 90 days, was signed with Silicon Base Technology, Ant Global Investment and HK Ant beneficial owners Qu Zhaojuan and Yuan Xiaona.If pursued, the acquisition is expected to allow the IT company to strengthen its application of cutting-edge technologies, such as AI and big data analytics, for its customers.

$HKG:9600