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Zhuhai Huajin Capital Subsidiary to Provide Site for Photovoltaic Power Generation Project

Zhuhai Huajin Capital (SHE:000532) directors approved a distributed photovoltaic power generation project, according to a Friday filing with the Shenzhen bourse.Zhuhai Huayao New Energy Construction will build a distributed photovoltaic power station at a site which subsidiary Zhuhai Lihe Environmental Protection will provide, the filing said.

SHE:000532

Asia160d ago

XPeng Grants Nearly 2.3 Million RSUs to Employees Under Incentive Scheme

XPeng (HKG:9868) granted nearly 2.3 million restricted share units (RSUs) to 69 employees under a 2025 incentive plan, according to a Friday Hong Kong bourse filing.The RSUs represent the same number of underlying class A ordinary shares of the EV maker.The shares roughly represent 0.12% of the firm's enlarged issued share capital.The company now has about 153.1 million and 9.5 million class A ordinary shares available for future grant under the scheme mandate limit and the service provider sublimit.

HKG:9868

Asia160d ago

Changchun High-Tech Industry Gets China Clinical Trial Nod for Impaired Muscle Function

China's drug regulator approved Changchun High-Tech Industry's (SHE:000661) clinical trial of its GenSci136 injection, according to a Friday filing with the Shenzhen bourse.The injection is indicated for generalized myasthenia gravis, an acquired autoimmune condition characterized by impaired neuromuscular junction transmission, the filing said.It affects muscle groups and impacts chewing, swallowing, raising arms, combing hair, and climbing stairs, among other actions.

SHE:000661

Asia160d ago

Shree Refrigerations Bags Order Worth INR48 Million

Shree Refrigerations (BOM:544458) has received an order worth 48.3 million Indian rupees from Cochin Shipyard, according to an Indian bourse filing on Friday.The order is for supply of an 8 kW refrigeration plant for a next-generation missile vessel project, the filing said. The order is scheduled to be delivered by Feb. 4, 2030, it added.

BOM:544458

Asia160d ago

Sino Harbour's Chair Boosts Shareholding

Sino Harbour (HKG:1663) said its chairman and substantial shareholder, Wong Lam Ping, acquired over an additional 5.9 million shares in the company on Friday, according to a same-day Hong Kong bourse filing.The shares were purchased from the open market at an average price of around HK$0.087 apiece.

HKG:1663

Asia160d ago

Hangzhou DPtech Technologies Establishes Hong Kong Unit

Hangzhou DPtech Technologies (SHE:300768) will invest HK$10,000 to establish a subsidiary in Hong Kong, to be called DPtech Technologies (Hong Kong), according to a Thursday after-hours filing with the Shenzhen bourse.

SHE:300768

Asia160d ago

TransThera Sciences Doses First Patient in Cholangiocarcinoma Drug Trial

TransThera Sciences (Nanjing) (HKG:2617) dosed the first patient in a confirmatory phase III clinical trial of Tinengotinib, according to a Friday Hong Kong bourse filing.The drug is being tested as a monotherapy for the treatment of patients with advanced cholangiocarcinoma, the clinical-stage biopharmaceutical firm said.

HKG:2617

Asia160d ago

Market Chatter: Gucci Needs to Revive China Market Position to Bring Back Customer Experience, Kering CEO Says

Gucci will have to rebuild its position in China after the luxury brand treated the country as an avenue for easy growth due to bad locations and an outdated shopping experience, Reuters reported Thursday, citing Kering CEO Luca de Meo.While Gucci was able to capitalize on China's appetite for luxury items more than its peers, the luxury brand failed to regain momentum during a brief post-pandemic boom and was not able to recover when Chinese consumer spending slowed, the report said."Gucci in China has been used as a-can I use a very strong expression - a bit of a trash bin, or a place where they were looking for easy growth," Reuters quoted de Meo as saying during its investor day.To resurrect Chinese growth, Gucci will have to focus on coherence between brand messaging and in-store experience, 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.)

Shanghai Composite^SZSE

Asia160d ago

China Jushi Raises 500 Million Yuan Via Bond Issue

China Jushi (SHA:600176) raised 500 million yuan via the issue of 247-day notes with an interest rate of 1.53%.The bonds will mature Dec. 18, according to a Friday filing with the Shanghai bourse.Hengfeng Bank served as lead underwriter, with China Construction Bank as joint lead underwriter.

SHA:600176

Asia160d ago

IwaiCosmo's Profit Jumps 55% in Fiscal Year 2025

IwaiCosmo's (TYO:8707) profit attributable to owners of the parent surged 55% to 10.4 billion yen for the fiscal year 2025 from 6.73 billion yen a year earlier, according to a Tokyo bourse filing on Friday.The securities company's earnings per share increased to 444.61 yen from 286.34 yen a year ago, according to preliminary figures released ahead of the final results due April 24.Operating revenue jumped 25% to 32.3 billion yen for the full year ended March 31 from 25.8 billion yen in the prior year.The company attributed the record highs in operating revenue, operating profit, ordinary profit, and attributable profit primarily to higher U.S. equity revenue, noting that ordinary profit has remained positive for 54 consecutive quarters.

TYO:8707

Asia160d ago

Indian Equities Extend Gains on Friday as Broad-Based Buying Lifts Market

Indian benchmark indices ended higher on Friday as broad-based buying lifted markets, supported by gains in consumer goods and oil & gas stocks.The BSE Sensex rose 504.86 points, or 0.7%, to close at 78,493.54, while the NSE Nifty 50 gained 156.80 points, or also 0.7%, to settle at 24,353.55.Sentiment improved on expectations of easing tensions in the Middle East. Reports of a possible progress in U.S.-Iran negotiations and a potential extension of the ceasefire supported risk appetite.A sharp decline in crude oil prices further supported the market.In corporate developments, Bajaj Consumer Care (NSE:BAJAJCON, BOM:533229) reported a rise in consolidated profit to 636.0 million rupees in the fiscal fourth quarter from 309.8 million rupees a year earlier.Aurobindo Pharma (NSE:AUROPHARMA, BOM:524804) received U.S. FDA approval to manufacture and market Glycerol Phenylbutyrate Oral Liquid. The product is equivalent to the reference drug Ravicti and will be launched immediately, the company said in a Friday filing.

^BSENifty 50BOM:524804BOM:533229NSE:AUROPHARMANSE:BAJAJCON

Asia160d ago

Yan Palace Bird's Profit Climbs in 2025; Dividend Declared

Xiamen Yan Palace Bird's Nest Industry (HKG:1497) recorded an attributable profit of 188.6 million yuan in 2025, up from 156.3 million yuan a year prior, according to the firm's annual report filed with the Hong Kong bourse Friday.The restaurant operator's earnings per share increased to 0.41 yuan from 0.34 yuan in the previous fiscal year.Revenue slipped 2.4% to 2 billion yuan from 2.05 billion yuan previously, mainly due to the structural adjustment in macro consumption and the slowdown in demand for high-end consumer goods.The company recommended a final dividend of 2.66 per 10 shares for the year, payable June 5 to shareholders of record on May 21, subject to shareholder approval.

HKG:1497

Asia160d ago

LG Uplus Signs Cooperation Agreement with Japanese Firms to Advance 6G, AI Collaboration

LG Uplus (KRX:032640) signed the Tokyo Accord with carriers such as NTT Docomo, KDDI, Rakuten (TYO:4755), and SoftBank (TYO:9434) at a Tokyo summit, the South Korean mobile network operator said in a Friday release.The cooperation agreement will establish a broader cooperation framework that will cover standardization and future business models that bring together 6G and AI, the release said.Shares of LG Uplus and SoftBank rose nearly 3% and 1% at market close, while those of Rakuten Group declined about 1%.

KRX:032640TYO:4755TYO:9434

Asia160d ago

Virscend Education Warns of Up to 50% Lower Six-Month Profit

Virscend Education (HKG:1565) expects a year-over-year decline of up to 50% in attributable profit for the six months ended Feb. 28, with revenue anticipated to remain flat, according to a Friday Hong Kong bourse filing.The educational services provider attributed the forecast to a rise in teachers' remuneration to retain quality talent, higher interest expenses, and an increase in exchange losses.

HKG:1565

Asia160d ago

Shenzhen Investment Reports Daily Toll Revenue in March

Shenzhen Investment Holdings Bay Area Development (HKG:0737) recorded a respective average daily toll revenue of 7.8 million yuan and 3.4 million yuan for the GS and GZ West Superhighways in March.The expressway operator's daily toll revenue from the Coastal Expressway (Shenzhen Section) stood at 2.4 million yuan in the month, according to a Friday Hong Kong bourse filing.

HKG:0737

Asia160d ago

Lingbao Gold's Profit Surges in 2025

Lingbao Gold Group (HKG:3330) recorded an attributable profit of 1.54 billion yuan in 2025, up from 698 million yuan a year prior, according to the firm's annual report filed with the Hong Kong bourse Friday.The gold miner's earnings per share increased to 1.2076 yuan from 0.5675 yuan in the previous fiscal year.Revenue jumped 11% year over year to 13.1 billion yuan from 11.9 billion yuan previously.The firm recommended a final dividend of 0.05 yuan per share for the year, payable on or around June 23 to shareholders of record on May 29, subject to shareholders approval.

HKG:3330

Asia160d ago

Grace Fabric Technology Signs 8-Billion-Yuan High-Performance Materials Deal

Grace Fabric Technology (SHA:603256) signed a project investment agreement with Huangshi authorities to build a high-performance electronic materials industrial park.Investment for the project is about 8 billion yuan, with the final investment amount and construction period subject to actual implementation, according to a Friday filing with the Shanghai bourse.Shares of the glass fabric products company closed 4% higher Friday.

SHA:603256

Asia160d ago

Xiamen Amoytop Biotech Signs License Deal for Hepatitis B Drug

Xiamen Amoytop Biotech (SHA:688278) signed an exclusive license agreement with Aligos Therapeutics for pevifoscorvir sodium, used for treating chronic hepatitis B.Amoytop will pay an upfront $25 million, plus up to $85 million in regulatory and $335 million in sales milestones, plus royalties, according to a Friday filing with the Shanghai bourse.The deal covers Mainland China, Hong Kong, Macao and Taiwan.Shares of the drugmaker closed 1% lower Friday.

SHA:688278

Asia160d ago

Jefferies Adjusts HDFC Asset Management's Price Target to INR3,090 from INR2,960, Keeps at Buy

HDFC Asset Management (NSE:HDFCAMC, BOM:541729) has an average rating of buy and mean price target of 2,980.85 Indian rupees, according to analysts polled by FactSet.

BOM:541729NSE:HDFCAMC

Asia160d ago

Market Chatter: China Pressures Spain to Convince EU to Thwart 'Made in Europe' Proposal

China is lobbying Spain to help block proposals by the European Union to enact its "Made in Europe" proposal to make domestic firms become more competitive, Bloomberg reported Thursday, citing a person familiar with the matter.The proposal came after the meeting between Chinese President Xi Jinping and Spanish Prime Minister Pedro Sánchez in Beijing, the report said.During the meeting, Chinese officials complained that the EU has become too protectionist, saying the bloc's proposal could hurt trade and political relations, the report said.The EU's Industrial Accelerator Act, among the proposals, would mandate the bloc's member countries to favor domestic companies in public biddings, 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.)

Shanghai Composite^SZSE

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