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Biokin Pharma Submits Hong Kong Listing Application

Sichuan Biokin Pharmaceutical (SHA:688506) submitted its application to list and offer shares on the Hong Kong Stock Exchange, according to a Shanghai bourse filing on Friday.The application was submitted on Thursday.

SHA:688506

Asia1d ago

Lvkon Transmission Prices Shenzhen IPO

Suzhou Lvkon Transmission Technology (SHE:301655) determined the offering price for its initial public offering on the Shenzhen Stock Exchange, according to a Friday bourse filing.The offering price was set at 8.50 yuan per share.The supplier of electric drive systems for new energy commercial vehicles plans to issue 68.3 million shares, with 20.5 million shares included in the initial strategic placement. The shares in the initial strategic placement represent 30% of the total shares offered.The date for the online and offline subscription is set on Aug. 10.

SHE:301655

Asia1d ago

Bharti Airtel Unit to Acquire Up to 85% Stake in Two Data Center Firms

Bharti Airtel (BOM:532454, NSE:BHARTIARTL) said its subsidiary Nxtra Data signed agreements to acquire up to 85% stakes in Rochak Systems and Rovision Tech Hub in one or more tranches, according to a Thursday exchange filing.The acquisitions are aimed at expanding Nxtra Data's data center business.Both target companies were incorporated in 2025 and plan to develop land for data center construction. Neither company has commenced commercial operations.The transactions will be completed for cash at an agreed valuation, which the company said was not disclosed due to confidentiality.

BOM:532454NSE:BHARTIARTL

Asia1d ago

NZX Most Active Stocks

Here are the most actively traded stocks on New Zealand's Exchange on Friday.Pacific Edge (NZE:PEB): 1.6 million sharesSantana Minerals (NZE:SMI): 926,234 sharesFletcher Building (NZE:FBU): 776,435 sharesMercury (NZE:MCY): 640,024 sharesGoodman New Zealand & Goodman Property Services (NZE:GNZ): 591,798 shares

^NZ50NZE:FBUNZE:GNZNZE:MCYNZE:PEBNZE:SMI

Asia1d ago

Naver's Q2 Attributable Profit Jumps 43%

Naver (KRX:035420) posted a 43% year-over-year jump in attributable profit to 698.6 billion won from 488.8 billion won for the second quarter, according to a Friday filing with the Korea Exchange.Revenue rose 16% to 3.389 trillion won from 2.915 trillion won for the three months ended June 30.Shares of Naver fell over 6% in recent trade.

KRX:035420

Asia1d ago

NZX Midday Sector Update: Industrial Services Stocks Rise, Energy Minerals Fall

Industrial services gained the most among New Zealand sectors on Friday, advancing almost 2%.Ventia Services Group's (NZE:VNT, ASX:VNT) shares gained 2% in recent trade.Meanwhile, the energy minerals sector fell past 1%.Channel Infrastructure (NZE:CHI, ASX:CHI) shares fell 1% in recent trade.

^NZ50ASX:CHIASX:VNTNZE:CHINZE:VNT

Asia1d ago

Singapore Shares Open Higher as Investors Focus on Earnings

Singapore shares opened higher on Friday, lifted by local heavyweight earnings as investors moved past the crisis in the Middle East.The Straits Times Index opened 0.27%, or 15.13 points higher, at 5,654.120.While major banks like United Overseas Bank (SGX:U11) and Oversea-Chinese Banking Corp (SGX:O39) posted gains in profit, the Singapore Exchange (SGX:S68) also recorded a jump in its attributable profit to SG$698.4 million from SG$648 million.Investors will also be keenly eyeing U.S. nonfarm payrolls report later on Friday for cues on the Federal Reserve's interest rate outlook.

^STISGX:O39SGX:S68SGX:U11

Asia1d ago

Keppel's Dormant Unit Enters Voluntary Liquidation

Keppel's (SGX:BN4) dormant wholly-owned subsidiary, Ocean & Capital Properties, has been placed under members' voluntary liquidation, according to a Thursday filing with the Singapore Exchange.The subsidiary's liquidation is not expected to have any material impact on the infrastructure developer's earnings per share or other financials for the financial year ending Dec. 31.

SGX:BN4

Asia1d ago

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Friday.EQ Resources (ASX:EQR): 22 million sharesLindian Resources (ASX:LIN): 20.4 million sharesLiontown Resources (ASX:LTR): 14.8 million sharesZip (ASX:ZIP): 9.6 million sharesPLS Group (ASX:PLS): 8.5 million shares

ASX 200ASX:EQRASX:LINASX:LTRASX:PLSASX:ZIP

Asia1d ago

Kirin to Acquire Canadian Vitamins Maker Jamieson Wellness for 218.3 Billion Yen

Kirin Holdings (TYO:2503) agreed to acquire Canada-based wellness and integrative health services provider Jamieson Wellness for 218.3 billion yen, according to a Friday filing with the Tokyo Exchange.The Japanese beverage company will acquire 41.4 million shares in Jamieson at CAD$45.75 apiece.Jamieson said in a separate press release that the purchase price represents a 27% premium to the 20-day volume weighted average price of its shares.The acquisition is expected to be completed in October or later, Kirin said.Jamieson Wellness, headquartered in Toronto, manufactures, distributes, and sells vitamins, minerals, and supplement products primarily in North America.Shares of the Japanese beverage company added over 3% in recent trade.

TYO:2503

Asia1d ago

EVT Launches Mobile Wallet Hotel Key Technology

EVT (ASX:EVT) began rolling out technology for guests to receive digital keys for their hotel rooms, stored in Apple Wallet or Google Wallet accounts, after they check in, according to a Friday statement.The technology is currently available for guests staying at QT Sydney, and will be rolled out to EVT's QT, Rydges, Atura, and LyLo properties over the next year.

ASX:EVT

Asia1d ago

Envision Greenwise to Buy AI Servers for 1.3 Billion Yuan

Envision Greenwise Holdings (HKG:1783) said a China-based unit will acquire high-performance artificial intelligence servers for 1.29 billion yuan, according to a Thursday Hong Kong bourse filing.The company said the servers will support its recently acquired cloud computing business and help meet demand from new customer contracts.The products will be delivered within seven days of full payment and come with a 36-month warranty.Envision Greenwise said it expects to fund the purchase through a combination of internal resources, customer prepayments, and external financing.

HKG:1783

Asia1d ago

Lvkon Transmission Technology Targets 581 Million Yuan From Shenzhen IPO

Suzhou Lvkon Transmission Technology (SHE:301655) priced its initial public offering of 68.3 million shares at 8.50 yuan each to raise up to 581 million yuan.Proceeds will fund a 100,000-unit annual production facility for medium- and heavy-duty electric drive systems as well as a new research and development center.CICC serves as the lead underwriter.

SHE:301655

Asia1d ago

Top Education Probes Potential Data Security Incident

Top Education Group (HKG:1752) is investigating a potential data security incident after a threat actor allegedly claimed to possess records relating to students enrolled in the group's education programs, according to a Thursday Hong Kong bourse filing.The company said it launched an investigation after becoming aware of a news report alleging that the records were being offered for sale or access on an underground forum.Top Education said it has notified the Tertiary Education Quality and Standards Agency and the Australian Cyber Security Centre, and is assessing the nature and extent of any unauthorized access or data leakage.The company said the incident has not caused any material disruption to its operations based on the information currently available.

HKG:1752

Asia1d ago

NASN Intelligent Tech Jumps 62% in Hong Kong Trading Debut

NASN Intelligent Tech's (HKG:2261) shares opened 62% above the offer price in a strong Hong Kong debut on Friday morning.The Chinese intelligent driving technology company opened at HK$16.90 per share, up from the offer price of HK$10.42.

HKG:2261

Asia1d ago

TransThera Wins China Marketing Approval for Bile Duct Cancer Drug

TransThera Sciences (Nanjing) (HKG:2617) said China's National Medical Products Administration granted conditional marketing approval for Yochanra (Tinengotinib tablets) to treat adults with unresectable advanced or metastatic cholangiocarcinoma harboring FGFR2 fusion or rearrangement.The approval covers patients who have received prior systemic therapy and FGFR inhibitor treatment, according to a Thursday Hong Kong bourse filing.

HKG:2617

Asia1d ago

James Hardie Industries Details Compensation Redesign, Urges Vote in Favor of CEO's Equity Grant; Shares Rise 5%

James Hardie Industries (ASX:JHX) said it incorporated extensive investor feedback to redesign its compensation structure, as it urged shareholders to vote in favor of a CEO equity grant proposal at an Aug. 21 annual meeting, according to a Thursday statement filed with the Australian bourse on Friday.The company noted that proxy research firm Ownership Matters has recommended a vote against the CEO's equity grant.James Hardie said it made several key changes to its long-term incentives following "disappointing voting outcomes" at its 2025 annual meeting, including the introduction of a predominantly performance-based structure for the CEO and the alignment of performance goals with externally communicated guidance."The board strongly believes that these awards strengthen alignment with long-term shareholder value creation, while adequately reflecting US market practice," the company said. "In particular, the stock options incorporate an inherent share price hurdle and only deliver value if the company's share price exceeds the strike price at vesting."Additionally, James Hardie disagrees with Ownership Matters' assertion that the average annual adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) growth targets create a risk of perverse outcomes.It said the purpose of the EBITDA measure is to reward the consistent delivery of annual operating results across the three-year performance period rather than focusing only on the cumulative outcome at the end of fiscal year 2029.The company's shares gained 5% in recent Friday trade.

ASX:JHX

Asia1d ago

Hong Kong Stocks Little Changed at Open

Hong Kong stocks were little changed at the open on Friday as investors awaited the U.S. nonfarm payrolls report while monitoring renewed tensions in the Middle East.The Hang Seng Index edged down 3.63 points to 25,526.65, while the Hang Seng China Enterprises Index gained 9.30 points to 8,508.03.Brent crude climbed nearly 4% after reports that an Iranian parliamentary committee was reviewing a bill that could restrict U.S. and Israeli vessels from transiting the strategic waterway.Investors are now awaiting the U.S. nonfarm payrolls report later on Friday for fresh clues on the Federal Reserve's interest rate outlook.Markets continue to assess whether resilient labor market conditions could keep the prospect of a September rate hike on the table.

Hang Seng

Asia1d ago

Templeton Emerging Markets Investment Trust Reports Net Asset Value

Templeton Emerging Markets Investment Trust's (NZE:TEM) unaudited net asset value, including income, was 3.16 billion pounds sterling, or 3.4316 pounds sterling per share, as of Wednesday, according to a Friday filing with the New Zealand bourse.Unaudited net asset value excluding income was 3.13 billion pounds sterling, representing a net asset value of 3.4039 pounds sterling per share, the filing said.

NZE:TEM

Asia1d ago

Invictus Energy Executes Deed of Variation for Zimbabwe Well Drilling; Shares Up 12%

Invictus Energy (ASX:IVZ) executed a deed of variation to its drilling contract with Exalo Drilling for Exalo Rig 202 to drill the Musuma-1 exploration well at the Cabora Bassa project in Zimbabwe, according to a Friday filing with the Australian bourse.The company confirmed that the well is slated to spud in November, with procurement of remaining well services in progress and contracts being prepared for award, the filing said.Construction of the well pad and civil works will start after customary cultural ceremonies with traditional leaders and local communities are completed, per the filing.Shares rose nearly 12% in morning trade Friday.

ASX:IVZ

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