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Indonesia Issues Regulation Clarifying Investmen, Savings Products Under Sharia Banking

Indonesia's financial services regulator issued a regulation that clarifies the separation of investment products from savings, deposits and current accounts in Islamic banking.The Otoritas Jasa Keuangan said Thursday the regulation, which took effect April 29, aims to strengthen the foundation of the sharia banking industry by distinguishing between third-party funding and investment products.Banks with existing Islamic banking investment products were given up to two years to comply with the updated policy.

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Asia2d ago

Jiangsu Bioperfectus Technologies Gets China Nod for Flu Virus Detection Kits

China's drug regulator granted Jiangsu Bioperfectus Technologies (SHA:688399) a medical device registration certificate for its in vitro diagnostic reagent for certain influenza types, according to a Thursday disclosure to the Shanghai bourse.The kit helps detect influenza A or the H1N1 2009 variant and seasonal H3 subtype influenza virus from human pharyngeal swab samples, the filing said.

$SHA:688399

Asia2d ago

Zhejiang Chenfeng Technology Recovers Principal, Returns from Structured Deposit Product

Zhejiang Chenfeng Technology (SHA:603685) redeemed the principal and returns of a 50-million-yuan structured deposit product, according to a Thursday filing with the Shanghai bourse.The company purchased the wealth management product on Jan. 27 and recovered total returns of 218,800 yuan.

$SHA:603685

Asia2d ago

361 Degrees International Raises HK$610 Million from Share Placement

361 Degrees International (HKG:1361) completed the placing of 100 million shares on April 30 to raise net proceeds of HK$610 million.The shares were placed to at least six investors at HK$6.18 apiece, according to a Thursday filing from the sportswear maker.The company will use proceeds to expand its network of overseas markets, as well as for general working capital and other general corporate purposes.

$HKG:1361

Asia2d ago

JinGuan Electric Wins 42-Million-Yuan Bid for China State Grid's Surge Arresters

JinGuan Electric (SHA:688517) won two bid packages for State Grid Corp. of China's surge arrester products for 42.3 million yuan, according to a Thursday filing with the Shanghai bourse.

$SHA:688517

Asia2d ago

Winshine Science Changes Name to Poly Xverse Intelligent Technology

Winshine Science changed its English name to Poly Xverse Intelligent Technology (HKG:0209) alongside a change in its Chinese name.The move came following the relevant shareholder and regulatory approvals, the toy maker said in a Hong Kong bourse filing, adding that its stock code is unchanged despite a stock short name change.

$HKG:0209

Asia2d ago

Concord New Energy's Power Output Slides 5.3% in April

Concord New Energy (HKG:0182, SGX:SEG) recorded an attributable power output of 767.11 gigawatt-hours in April, down 5.3% year over year.Power generation output attributable to the group for wind and solar both declined during the period, according to a Thursday Hong Kong bourse filing.For the first four months of 2026, attributable power generation slumped 4% to 3,197.15 GWh.

$HKG:0182$SGX:SEG

Asia2d ago

Changshu Fengfan Power Equipment to Offload 60% Stake in Optoelectronics Company

Changshu Fengfan Power Equipment (SHA:601700) is looking to offload a 60% stake in Suzhou Jingying Optoelectronics Technology for 178.8 million yuan on the Jiangsu Provincial Property Exchange.The valuation took into consideration the impact of the March 27 fire in the cleaning area of Jingying's slicing workshop, the filing said.Jingying's appraised value was 298 million yuan prior to the fire.The final listing price will be determined based on the listing results.

$SHA:601700

Asia2d ago

FEG Holdings' Co-Chair Steps Down

FEG Holdings (HKG:1413) Co-Chairperson Huang Chengkun resigned Thursday to devote time to other business and personal commitmentsThe Hong Kong-listed engineering contractor said on the same day that Yang Zhenwei was redesignated as co-chair following the resignation.

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Asia2d ago

Market Chatter: South Korea Becomes World's Seventh-Largest Stock Market

South Korea became the world's seventh-largest stock market, overtaking Canada, owing to strong demand for AI chips, Bloomberg reported Thursday.The total market value of South Korean listed firms surged 71% to $4.59 trillion in 2026, surpassing Canada's stock market capitalization, which rose about 7% to $4.5 trillion during the period, the report said.Key market bigwigs and chipmakers Samsung Electronics (KRX:005930), which recently surpassed a valuation of $1 trillion, and SK Hynix (KRX:000660), more than doubled in valuation this year as strong demand for AI chips pushed investor appetite for the stocks, it said.Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added rose more than 2% and 3%, respectively, at market close.(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.)

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Asia2d ago

Country Garden Holdings Logs 2.5 Billion Yuan in April Contracted Sales

Country Garden Holdings (HKG:2007) recorded attributable contracted sales of 2.5 billion yuan in April.The property developer's attributable gross floor area stood at approximately 340,000 square meters in the month, according to a Thursday Hong Kong bourse filing.

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Asia2d ago

Vision Values Grants 103.7 Million Share Options Under Incentive Scheme

Vision Values (HKG:0862) offered to grant 103.7 million share options to certain participants of its incentive scheme.The options are exercisable into the same number of shares at HK$0.0476 apiece until May 6, 2036, according to a Thursday Hong Kong bourse filing from the investment holding company.

$HKG:0862

Asia2d ago

Value Convergence Names Co-Chairs

Value Convergence (HKG:0821) named Wong Kam Fat as co-chairman effective Thursday, with current Chair Zhang Li.Wong has been the financial services group's vice chair since April 2022, according to a same-day Hong Kong bourse filing about the appointment and redesignation move.

$HKG:0821

Asia2d ago

Hsino Tower Subsidiaries Shortlisted for China State Grid's Transmission Tower Construction Equipment Bid

China's State Grid shortlisted Hsino Tower (SHA:601096) subsidiaries for an equipment procurement bid for the construction of steel pipe transmission towers, according to a Thursday filing with the Shanghai bourse.The pre-award amount for the bids is 665 million yuan.

$SHA:601096

Asia2d ago

Nojima Attributable Net Income, Net Sales Jump in Fiscal Year 2026

Nojima's (TYO:7419) net income attributable to owners of the parent for fiscal year 2026 increased to 38.93 billion yen from 32.29 billion yen a year earlier.The consumer electronics company's EPS increased to 125.16 yen from 106.50 yen a year ago, according to a Tokyo bourse filing on Thursday.Meanwhile, net sales for the year ended March 31 jumped to 982.80 billion yen from 853.43 billion yen in the prior year.In a separate disclosure, Nojima said its board determined a year-end dividend of 10 yen per share, payable June 5. The amount is higher than the 8 yen the company forecasted in January, but lower than the 25 yen from the year-ago period.Looking into fiscal 2027, the company expects a 23.3% annual growth in attributable net income to 48 billion yen and a 1.7% jump in net sales to 1 trillion yen.

$TYO:7419

Asia2d ago

Chengdu Easton Biopharmaceuticals Gets China Nod for Post-Operative Pain Reliever

China's drug regulator approved Chengdu Easton Biopharmaceuticals' (SHA:688513) acetaminophen/oxycodone extended-release tablets, according to a Thursday disclosure to the Shanghai Stock Exchange.The drug is indicated for moderate to severe post-operative pain.

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Asia2d ago

United Laboratories Unit Gets China Nod for Insulin Product Trial

The United Laboratories International (HKG:3933) said Thursday a subsidiary's clinical trial application for its long-acting weekly insulin product secured approval in China.Specifically, China's National Medical Products Administration cleared the testing for United Bio-Technology (Hengqing)'s UBT38006 injection.

$HKG:3933

Asia2d ago

China Shineway Pharmaceutical's Turnover Slides 18% in Q1

China Shineway Pharmaceutical Group (HKG:2877) recorded a turnover of 624 million yuan in the first quarter, down 18% year over year.The Hong Kong-listed pharmaceuticals company said Thursday turnover from its injection, TCM formula granules and other products fell during the period, while that for soft capsule and granule products increased.

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Asia2d ago

SC Engineering Secures KRW27.9 Billion Construction Project

SC Engineering (KRX:023960) secured the Mt. Halla engineering, procurement, and construction project in Cheonan, South Korea.The 27.9 billion-won contract from DuPont Specialty Materials Korea is valid until Nov. 30, 2027, according to a Thursday filing with the Korea Exchange from the South Korean construction engineering group.

$KRX:023960

Asia2d ago

Tadano's Profit Fall 45% in Q1; Net Sales Up

Tadano's (TYO:6395) profit attributable to owners of the parent fell 45% to 1.93 billion yen for the first quarter from 3.5 billion yen a year earlier.The Japan-based construction machinery maker's basic EPS declined to 15.29 yen from 27.60 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales jumped 6.6% to 85.85 billion yen for the three months ended March 31 from 80.5 billion yen in the prior-year period.For the year ending Dec. 31, the company expects attributable profit of 14 billion yen, basic EPS of 110.80 yen, and net sales of 400 billion yen. The full-year dividend is expected at 34 yen per share, to be paid equally in two tranches, lower than the 44 yen in the previous year.

$TYO:6395

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