FINWIRES · TerminalLIVE
FINWIRES

Update: Chubu Electric Says to Continue Working With Japan Authority as Probe Alleges Earthquake Data Manipulation

By

(Updates throughout to add more details and a statement from Chubu Electric)

Chubu Electric Power (TYO:9502) will continue to work with the Nuclear Regulation Authority over the Japanese regulator's ongoing probe and findings that the company was engaged in and continues to do so in earthquake data manipulation.

The Thursday statement sent towas in response to a request for comment on a Wednesday report from The Asahi Shimbun. The article about the NRA's regular meeting on the Hamaoka nuclear plant quoted NRA Chair Shinsuke Yamanaka as flagging "a collective loss of engineers' sense of ethics" at Chubu Electric.

"During the report, an explanation was provided regarding the fact that, after our company was contacted by the Nuclear Regulation Authority Secretariat in May of last year with a request for an investigation related to the establishment of the design basis earthquake ground motion, we had recombined seismic waves for certain earthquakes used in the study, excluding the representative wave," Chubu Electric said. "We take this Conduct in Question extremely seriously and would like to once again express our sincerest and deepest apologies."

Related Articles

Asia

SSY Gets China Production Nod for Methocarbamol Tablets, Registers Phloroglucinol Dihydrate

SSY Group (HKG:2005) obtained production and registration approval for Methocarbamol Tablets and registration approval for Phloroglucinol Dihydrate from China's National Medical Products Administration, according to a Thursday Hong Kong bourse filing.The approval for Methocarbamol Tablets came as the drug passed the regulator's consistency evaluation.Methocarbamol Tablets are muscle relaxants mainly used to treat joint and muscle sprains, lumbar muscle strain, and sciatica.Phloroglucinol Dihydrate is used to treat acute spasmodic pain associated with digestive, biliary, urinary, and gynecological conditions.Shares of the firm were up nearly 5% in late morning trade on Thursday.

HKG:2005
Asia

Bellavista Resources Starts Drilling at Canada, Western Australia Projects; Shares Gain 3%

Bellavista Resources (ASX:BVR) started drilling the Pickle Crow gold project in Canada and at its Brumby project in Western Australia, according to a Thursday filing with the Australian bourse.Initial drilling at Pickle Crow for the remainder of the year will assess the open-pit potential on the existing mineral resource of 2.7 million ounces at 7.2 grams per tonne grade of gold, before moving to additional near-surface regional targets in early 2027.At Brumby, the company will assess mineralization continuity for a potential future resource definition drilling program, alongside column leach test work.Bellavista Resources shares gained 3% in recent Thursday trade.

ASX:BVR
Asia

Binastra Unit Bags MYR491 Million Data Center Development Deal

Binastra (KLSE: BNASTRA) unit Binastra Builders secured a 491.2 million ringgit turnkey contract to develop a seven-story data center in Kuala Lumpur, according to a Wednesday Bursa Malaysia filing.The contract, awarded by Exsim Sri Permai, covers the design, construction, testing, commissioning, maintenance and guarantee works, including foundation, substructure, main building and infrastructure works.The project, which also includes a guardhouse, refuse room and electrical substation, is scheduled to begin on July 1 and be completed within 18 months.

KLSE:BNASTRA