One of Xianhe's (SHA:603733) actual controllers, Wang Minglong, received a fine of 600,000 yuan from the China Securities Regulatory Commission for short-swing trading, according to a Saturday filing on the Shanghai bourse.
The Chinese packaging paper manufacturer's shares jumped 6% at the close of Monday's trade.
The regulator found that Wang sold and purchased shares within six months between 2020 and 2025.
Haosen Fintech (HKG:3848) proposed a five-for-one share subdivision, according to a Friday Hong Kong bourse filing.Under the proposal, each existing share with a par value of HK$0.01 will be subdivided into five shares with a par value of HK$0.002 each.Based on the current issued share capital, the number of issued shares would increase to 782.1 million from 156.4 million.The board lot size will remain unchanged at 1,000 shares.The company said the share subdivision is expected to enhance trading liquidity, lower the investment threshold for investors, and attract broader market participation.The share subdivision is expected to take effect on July 7, subject to shareholder and regulatory approvals.
Hangzhou Bio-Sincerity Pharma-Tech's (SHE:301096) controlling shareholders agreed to terminate the proposal to change the company's control, according to a Shenzhen bourse filing on Monday.The decision was made with related parties due to the complexity of the matter.The drug research and development company's shares slumped by less than 10% at the close.
China's smartphone shipments grew 12% in April, with local brands posting a 14% expansion compared to 2% for iPhone, Jefferies said in a recent release.New models from Huawei and Honor have likely anchored the growth in local brands, the equity research firm said.Local brands' inventory days grew by four on a six-month rolling basis, while those for iPhone declined by 12, Jefferies said.The research firm sees lingering pressure on local brands due to a rapid rise in memory costs and high inventory levels.Brands have also toned down promotions during the 618 shopping festival amid increasing memory prices and margin pressure, with the average discount on local brands' one-year-old flagship models dropping to 22% from 26% last year, according to Jefferies.For Apple's Tmall, the discount on the iPhone 17 models was 8%, compared with 20% for the iPhone 16 at the same time in 2025, the research firm said.