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Times China Holdings Logs 320 Million Yuan in April Contracted Sales

Times China Holdings (HKG:1233) recorded contracted sales of 320 million yuan in April, with gross floor area sold at 39,700 square meters.For the four months ended April 30, contracted sales and GFA reached 1.20 billion yuan and 125,600 square meters, respectively, according to a Thursday filing in Hong Kong from the real estate company.

$HKG:1233

Asia2d ago

Huluwa Pharmaceutical's Cough Granules Win Bid for Traditional Chinese Drug Procurement Program

Hainan Huluwa Pharmaceutical's (SHA:605199) pediatric lung heat cough granules won a bid for China's traditional drug procurement program, according to a Thursday filing with the Shanghai bourse.The granules help with lung function and help treat colds, bronchitis, and bronchopneumonia, among other conditions.

$SHA:605199

Asia2d ago

Nagase & Co's Profit Surges 30% in Fiscal Year 2025

Nagase & Co's (TYO:8012) profit attributable to owners of the parent jumped nearly 30% to 33.1 billion yen for the fiscal year 2025 from 25.5 billion yen a year earlier.The chemical manufacturer's basic earnings per share increased to 78.89 yen from 57.60 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales climbed 2.9% to 972.8 billion yen for the year ended March 31 from about 945 billion yen in the prior year.It declared a final dividend of 55 yen per share, payable from June 18.For the fiscal year 2026, the company expects attributable profit of 34.5 billion yen, EPS of 84.59 yen, and net sales of 1 trillion yen.Nagase plans to pay interim and year-end dividends of 13 yen and 14 yen per share, respectively, for the year, which is higher than the amount paid in the year-ago period.

$TYO:8012

Asia2d ago

HD Hyundai Electric Wins KRW173 Billion Transformer Supply Contract

South Korean motor and generator manufacturer HD Hyundai Electric (KRX:267260) secured a contract to supply 765KV transformers and reactors to its US unit.The HD Hyundai Electric America contract, valued at 173 billion won, is valid until Aug. 31, 2029, according to a Thursday filing with the Korea Exchange. It was re-awarded after the unit secured the deal from a large-scale utility company in the US.

$KRX:267260

Asia2d ago

Zhenro Properties Logs 391 Million Yuan in April Contracted Sales

Zhenro Properties Group (HKG:6158) recorded contracted sales of 391 million yuan in April, with gross floor area sold at 26,814 square meters.The property firm's average selling price for the month was 14,600 yuan per square meter, according to a Thursday Hong Kong bourse filing.For the four months ended April 30, contracted sales and GFA reached roughly 1.36 billion yuan and 94,948 square meters, respectively, with an average selling price of 14,300 yuan per square meter.

$HKG:6158

Asia2d ago

Shenzhen Gongjin Electronics Buys Stake in Chip Design Company

Shenzhen Gongjin Electronics (SHA:603118) will invest 50 million yuan in Beijing Hongguang Xiangshang Technology in exchange for a 7.0621% stake, according to a Thursday filing with the Shanghai bourse.Of the amount, more than 1 million yuan will go to the target's registered capital, while about 49 million yuan will go to its capital reserve, the filing said.Xiangshang designs next-generation integrated circuit silicon-based optoelectronic integrated chips.

$SHA:603118

Asia2d ago

Zhejiang Shapuaisi Pharmaceutical Terminates 528 Million-Yuan Plan to Buy Shanghai Tianlun Hospital Owner

Zhejiang Shapuaisi Pharmaceutical (SHA:603168) canceled its planned purchase of Shanghai Qinli Industrial, according to a Thursday filing.The pharmaceutical company noted that it terminated the plan, which was first announced March 18 and would have seen the acquisition of the Shanghai Tianlun Hospital under a deal worth 528 million yuan, after careful consideration and mutual agreement with the counterparty.

$SHA:603168

Asia2d ago

Agile Group Logs Pre-Sale Value of 510 Million Yuan in April

Agile Group (HKG:3383) recorded a pre-sold value of around 510 million yuan in April, with a gross floor area (GFA) of approximately 57,000 square meters, according to a Thursday Hong Kong bourse filing.The property firm's average selling price for the month stood at 8,927 yuan per square meter.For the four months ended April 30, pre-sold value and GFA reached roughly 2.33 billion yuan and 222,000 square meters, with an average selling price of 10,489 yuan per square meter.

$HKG:3383

Asia2d ago

MonotaRO's Net Income Climbs 18% in Q1

MonotaRO's (TYO:3064) net income attributable to owners of the parent increased 18% to 8.91 billion yen for the first quarter from 7.54 billion yen a year earlier.The internet company's earnings per share increased to 17.99 yen from 15.17 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales jumped 21% to 95.6 billion yen for the three months ended March 31 from 79.1 billion yen in the prior-year period.For the year ending Dec. 31, the company expects attributable net income of 36.2 billion yen, net income per share of 72.81 yen, and net sales of 381.4 billion yen.MonotaRO plans to pay interim and year-end dividends of 18 yen and 19 yen per share, respectively, for the year, which is higher than the amount paid in the year-ago period.

$TYO:3064

Asia2d ago

QiaoYin City Management Consortium Wins Bid for 792-Million-Yuan Sanitation Contract

A consortium with QiaoYin City Management (SHE:002973) won the bid for the Yingquan District environmental sanitation project in Fuyang City, Anhui Province, China.The 12-year contract carries an estimated total value of 792.4 million yuan, according to a Thursday filing with the Shenzhen bourse. The initial performance period is three years, with a maximum of three three-year renewals.The project covers street cleaning, waste collection, public restroom operations, and rural waste transfer.

$SHE:002973

Asia2d ago

Two Hunan Fangsheng Pharmaceutical Products Win Bids for Traditional Chinese Drug Procurement Program

Two of Hunan Fangsheng Pharmaceutical's (SHA:603998) products won bids for China's traditional medicine procurement program, according to a Thursday filing with the Shanghai bourse.The two products are its Garcinia Cambogia bone strengthening tablets, indicated for strengthening the kidneys and boosting blood circulation, and its strong loquat syrup for lung cleansing, the filing said.

$SHA:603998

Asia2d ago

Indian Equities End Flat on Thursday as Earnings Support Offsets Weakness

Indian benchmark indices ended largely unchanged on Thursday as gains driven by earnings-related buying offset broader market weakness.The BSE Sensex fell 114.00 points, or 0.2%, to close at 77,844.52, while the NSE Nifty 50 slipped 4.30 points, or 0.02%, to settle at 24,326.65.Expectations of easing tensions between the US and Iran further supported investor sentiment. Tehran is reportedly reviewing the latest U.S. proposals aimed at ending the conflict.In corporate developments, Bharat Forge (NSE:BHARATFORG, BOM:500493) reported a decline in consolidated profit in fiscal Q4 to 2.33 billion rupees from 2.83 billion rupees a year earlier. Revenue from operations, however, rose to 20.3 billion rupees from 17.0 billion rupees.Larsen & Toubro (NSE:LT, BOM:500510) gained after its buildings and factories business secured three large orders from a real estate client for projects across three states, according to a filing. The company classifies large orders in the range of 25 billion rupees to 50 billion rupees.

$^BSE$^NSEI$BOM:500493$BOM:500510$NSE:BHARATFORG$NSE:LT

Asia2d ago

Heilongjiang ZBD Pharmaceutical Wins Bids for Traditional Chinese Drug Program

Two of Heilongjiang ZBD Pharmaceutical's (SHA:603567) products won bids from China's procurement program for traditional medicines, according to a Thursday filing with the Shanghai bourse.The products include ZBD's quick-acting sugar syrup for children, indicated for fever and sore throat, and its Xiangdan injection for angina pectoris or chest pain, the filing said.

$SHA:603567

Asia2d ago

CapitaLand Ascendas REIT Completes Acquisition of Japan Data Center

CapitaLand Ascendas REIT (SGX:A17U) completed the acquisition of a data center in Japan, according to a Thursday filing with the Singapore Exchange.Around SG$188.3 million of the gross proceeds of about SG$903.5 million from an equity fundraising were used to partially finance the acquisition, the filing said.

$SGX:A17U

Asia2d ago

C.Q. Pharmaceutical Unit Gets China Regulatory Nod for Cardiovascular Drug

C.Q. Pharmaceutical (SHE:000950) subsidiary Chongqing Yaoyou Pharmaceutical obtained China's regulatory approval for sodium nitroprusside injection.The drug is indicated for hypertensive emergencies and acute heart failure, according to a Thursday filing with the Shenzhen bourse.

$SHE:000950

Asia2d ago

Far East Orchard Flags Lower Profit After Tax in Q1

Far East Orchard (SGX:O10) flagged a year-over-year decline in first-quarter profit after tax, while operating profit increased slightly.The Singapore-listed real estate developer attributed the decrease to the absence of a SG$9.1 million one-off gain in the year-ago period and higher tax expenses, according to a Thursday filing.The company also noted a highly uncertain operating environment, adding that it does not expect a significant near-term impact from rising energy prices but warned of pressure on margins if it and higher labor costs persist.

$SGX:O10

Asia2d ago

Beijing SL Pharmaceutical Gets China Regulatory Nod for Xinfer Drug

Beijing SL Pharmaceutical (SHE:002038) obtained China's regulatory approval for its generic Omega-3 fatty acid ethyl esters 90 soft capsules, branded as Xinfer.The drug is indicated for reducing triglyceride levels in adult patients with severe hypertriglyceridemia, according to a Thursday filing with the Shenzhen bourse.Shares of the pharmaceutical company closed 2% higher Thursday.

$SHE:002038

Asia2d ago

KGI Securities Downgrades Hana Microelectronics to Underperform from Neutral; Price Target is THB28

$BKK:HANA

Asia2d ago

Dolat Capital Downgrades PB Fintech to Sell from Reduce; Price Target is INR1,600

$BOM:543390$NSE:POLICYBZR

Asia2d ago

Market Chatter: China Creditors Seek Redress from Hong Kong Courts to Enforce Collection Rulings

Chinese creditors finding difficulty chasing payments from distressed mainland property developers are seeking help from courts in Hong Kong, Bloomberg reported Thursday.Courts in the city could rule on mainland cases under reciprocal recognition arrangements established in recent years to help with cross-border enforcement of commercial and insolvency cases, the report said.Among the cases being heard under these rules is Beijing Oriental Yuhong Waterproof Technology's (SHE:002271) motion to enforce an onshore ruling against Sunac China (HKG:1918) Chairman Sun Hongbin, who was ordered to pay 418.5 million yuan, the report said.Should the Hong Kong court rule in favor of Yuhong, it could seek to open Sun's offshore assets and take action on the waterproofing company's case against Sunac China's chairman, according to Bloomberg.The lawsuit could open avenues for onshore creditors to seek redress in Hong Kong against Chinese creditors, 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.)

$^HSI$^SSEC$^SZSE$HKG:1918$SHE:002271

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