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Bio-Thera Solutions' Yonghe Plant Fails Part of EU GMP Inspection; Shares Slip 2%

Bio-Thera Solutions (SHA:688177) said its Yonghe plant received mixed results from its E.U. Good Manufacturing Practices (GMP) inspection.While the drug substance portion passed and its GMP certificate was updated, the drug product portion failed due to inadequate deviation management, according to a Monday filing with the Shanghai bourse.Shares of the pharmaceutical company were down 2% in recent trade.

SHA:688177

Asia21d ago

Peel Mining Says Shareholders Vote in Favor of Aeris Acquisition, Spectre Metals Demerger

Peel Mining (ASX:PEX) said its shareholders voted in favor of a proposed scheme of arrangement under which Aeris Resources (ASX:AIS) will acquire 100% of the issued shares in Peel, and the demerger of Spectre Metals from Peel via a capital reduction and pro rata in-specie distribution of 100% of the shares in Spectre to Peel shareholders, according to a Monday Australian bourse filing.The company said almost 100% of the votes cast by Peel shareholders were in favor of the scheme resolution.The scheme remains subject to the approval of the Supreme Court of New South Wales and certain other conditions.Peel Mining's shares jumped 3% in recent Monday trade, while Aeris Resources' shares surged past 9%.

ASX:AISASX:PEX

Asia21d ago

Singapore Regulator to Streamline 'Single Family Office' Framework

The Monetary Authority of Singapore has revised its "single family office" (SFOs) framework to streamline the process for SFOs to establish operations in Singapore, according to a MAS release.An SFO in Singapore is a privately held corporate entity set up by one "ultra-high-net-worth" family to manage assets, investments, and wealth of a single family.The registration protocols have been simplified, effective June 15, with offices required to notify MAS of their operations through a MAS-licensed bank.Annual reporting has been made more straightforward for SFOs, with information on total assets under management and the name of its bank.

^STI

Asia21d ago

Klevo Rewards Plans Stablecoin Trial Launch by June 30; Shares Fall 4%

Klevo Rewards (ASX:KLV) said it plans to launch a trial of its KLVAUD Australian dollar-backed stablecoin by June 30, according to a Monday filing with the Australian bourse.The company's Fly Wallet subsidiary received legal advice indicating that the stablecoin may qualify as an eligible stablecoin under the current regulatory framework, subject to conditions, per the filing.KLVAUD is planned to be fully backed one-to-one by Australian dollars held in segregated reserve accounts, and aims to support Fly Wallet's broader payments system, the company said.Klevo Rewards shares fell 4% in recent Monday trade.

ASX:KLV

Asia21d ago

Bio-Thera Solutions Gets Europe's Results on On-Site Inspection

Bio-Thera Solutions (SHA:688177) received the results of the European Union's inspection of its Yonghe manufacturing facility, according to a Shanghai bourse filing on Monday.The French National Agency for the Safety of Medicines and Health Products conducted an inspection on the site between Feb. 4 and Feb. 12.The European Medicines Agency handed a GMP or good manufacturing practice certificate to the company after the factory's drug substance operations passed regulatory standards. However, the regulator found deficiencies in the deviation management measures for the finished formulation of the drugs.

SHA:688177

Asia21d ago

Dalipal Lands Larger Egypt Oil Tubular Goods Contract

Dalipal (HKG:1921) secured contracts for up to 10,000 tonnes of oil country tubular goods from state-owned Egyptian General Petroleum Corp. or EGPC, according to a Monday filing with the Hong Kong Exchange.The order is more than 43% higher than last year's level, the company said.Shares of Dalipal fell nearly 2% in late morning trade.

HKG:1921

Asia21d ago

Duality Biotherapeutics Advances Shanghai STAR Market Listing Plan

Duality Biotherapeutics (HKG:9606) said the Shanghai Stock Exchange accepted the application materials for the proposed share issue and listing on the Science and Technology Innovation Board, according to a Friday Hong Kong bourse filing.Shares of the biotechnology company were up over 3% in Monday's late-morning trade.

HKG:9606

Asia21d ago

Genscript Associate Reports Promising Phase 1 Data for LB2501 in B-Cell Lymphoma

Genscript Biotech (HKG:1548) said its Nasdaq-listed associate Legend Biotech established clinical proof-of-concept for LB2501 in a type of blood cancer, according to a Sunday filing with the Hong Kong bourse.According to results from an ongoing phase 1 trial presented at the annual European Hematology Association Congress, the drug achieved a 100% objective response rate at the higher dose level in the six subjects enrolled in the study with relapsed or refractory B-cell non-Hodgkin lymphoma.LB2501 also showed a favorable safety profile with no dose-limiting toxicities, the firm said.Shares of Genscript fell almost 9% in late morning trade on Monday.

HKG:1548

Asia21d ago

PMET Resources' Concept Study on Battery-Grade Lithium Carbonate Could Yield Several Benefits for Canada Project, Euroz Hartleys Says

PMET Resources' (ASX:PMT) concept study gauging the ability to produce battery-grade lithium carbonate from ores sourced from the Shaakichiuwaanaan project in Canada has the potential to provide several benefits, Euroz Hartleys said in a Monday note.The first and main benefit is the potential to reduce logistics costs linked to transporting 5.5% lithium oxide spodumene concentrate over 800 kilometers to the Matagami transport hub and the roughly 1,000 kilometers rail route to the shipping port, the equity research firm said."Another potential economic benefit could be higher lithia values and a broadened customer base, where PMET could have the opportunity to capture the uplift from a refined product, compared to selling concentrate to refiners," the investment firm said.It added that the potential to produce a battery-grade product warrants further flowsheet investigation, and the deployment of the process at pilot-scale would be needed.Current oil prices will support electric vehicle penetration rates globally, and the Middle East conflict "has only strengthened the already strong tailwinds in the lithium sector," Euroz Hartleys said.It maintained a speculative buy recommendation on PMET Resources with a price target of AU$0.95 per share.The company's shares gained 8% in recent Monday trade.

ASX:PMT

Asia21d ago

Singapore Companies Among the Most Cautious on Cross-Border Expansion

Interprenuers or international entrepreneurs based in Singapore have ranked among the most globally cautious about international expansion, with only 29% finding global expansion easy, according to Kreston Global's 2026 Interpreneur Report.The survey polled around 100 business leaders from the city-state and reflects a broader cautious approach among Singapore firms when it comes to branching out globally amid tariff volatility and geopolitical instability.

^STI

Asia21d ago

Sanxing Medical Electric Applies for Hong Kong IPO; Shares Up 4%

Ningbo Sanxing Medical Electric (SHA:601567) applied for an initial public offering on the Hong Kong Stock Exchange on June 12, according to a Monday disclosure on the Shanghai bourse.The Chinese power and medical device manufacturer's shares jumped 4% before midday Monday in Shanghai.

SHA:601567

Asia21d ago

Coles Group Shares Slide in Wake of US-Iran Peace Deal

Coles Group's (ASX:COL) shares fell past 2% in recent trading on Monday as investors left defensive stock picks after US President Donald Trump said the US and Iran would sign a peace agreement.Trump said that the US would be ending its blockade of Iran, and the critical Strait of Hormuz would open.

ASX:COL

Asia21d ago

Sphere Wins KRW22.3 Billion Special Alloy Raw Materials Supply Contract

Sphere (KOSDAQ:347700) secured a supply agreement for special alloy raw materials from a US-based global aerospace launch company, according to a Monday filing with the Korean Exchange.The contract, valued at 22.3 billion won, is valid until July 21, the filing said.Shares of the digital healthcare and aerospace parts supplier fell 6% in recent trade.

KOSDAQ:347700

Asia21d ago

DroneShield Produces Pilot Batch of Counter‑Unmanned Aerial System in Europe

DroneShield (ASX:DRO) said it produced the pilot batch of its Counter‑Unmanned Aerial System in Europe, via a contract manufacturing arrangement with a primarily European supply chain, according to a Monday statement.The firm expects further expansion of its European manufacturing operations.

ASX:DRO

Asia21d ago

Hengsheng Energy Completes Carry Forward of Unsold Carbon Emission Allowances

Hengsheng Energy (SHA:605580) completed carrying forward unsold 2023 carbon emission allowances to its 2025 account, according to a Shanghai bourse filing on Monday.About 75,400 tons of carbon emission allowances were unsold because market prices remained below its target selling price.The unsold tons were from 217,500 tons of carbon emission allowances that were marketed through China's National Carbon Emissions Trading System for 19.9 million yuan.The Chinese power company's shares slipped 1% during the morning trade.

SHA:605580

Asia21d ago

Singapore's IMDA, Microsoft to Collaborate on AI Safety and Security

Singapore's Infocomm Media Development Authority and Microsoft signed a memorandum of understanding to strengthen their collaboration on artificial intelligence safety and security, according to a release by the city-state's regulator on Sunday.Under the agreement, the two parties will conduct joint research into agentic AI and develop evaluation methods, including multilingual AI safety and best practices.A key constituent of this agreement is the development of a white paper, in partnership with the Singapore AI Safety Institute and other government agencies.

^STI

Asia21d ago

Sinolink Securities Buys Back 19 Million Yuan of Shares

Sinolink Securities Co (SHA:600109) bought back 18.6 million yuan worth of shares, according to a Monday filing with the Shanghai bourse.The company repurchased 2.2 million shares at prices between 8.16 yuan and 8.59 yuan apiece under its 300 million yuan buyback plan.Shares of the financial services provider climbed 3% in recent trade.

SHA:600109

Asia21d ago

Renaissance United's Hubei Gas Unit Flags 2.9 Million Yuan in Flood Repair Costs

Renaissance United's (SGX:I11) natural gas distribution subsidiary, Hubei Zonglianhuan Energy Investment, is expecting to spend up to 2.93 million yuan in flood repair costs across three of its four assets in Hubei, China, following heavy rain and flash flooding, according to a Sunday filing with the Singapore Exchange.The gas utility unit has completed damage assessments across its sites in Anlu, Dawu, Guangshui, and Xiaochang.While gas services have been mostly restored, the company has flagged a prolonged recovery by industrial users that could impact Hubei Zonglianhuan's financial results.The company holds a 65% stake in Hubei Zonglianhuan via its direct subsidiary, Excellent Empire.

SGX:I11

Asia21d ago

Hexaware Technologies Opens New Delivery Center in Gujarat International Finance Tec-City, India

IT services provider Hexaware Technologies (NSE:HEXT, BOM:544362) has opened a new delivery center in the financial services hub Gujarat International Finance Tec-City (GIFT City), India, according to a Saturday filing to the Indian stock exchanges.The new center will serve Hexaware's global banking, financial services, and insurance (BFSI) clients across digital solutions, artificial intelligence, cloud transformation, data engineering, and next-gen software services.The company aims to create around 1,000 high-skilled jobs over the next three years through the new center.

BOM:544362NSE:HEXT

Asia21d ago

Shanghai International Airport's Passenger Throughput Slips in May

Shanghai International Airport (SHA:600009) posted lower passenger throughput at its two airports in May, according to a Monday filing with the Shanghai bourse.At the Pudong International Airport, passenger throughput slipped 1% year over year to around 7 million, while its cargo and mail throughput jumped 18% to 395,800 tons, and aircraft movements fell 2.3% to 45,297 flights.The Hongqiao International Airport's passenger throughput fell 2.3% year on year to 4.2 million, while cargo and mail throughput rose 10% to 39,700 tons, and aircraft movements edged 1.2% lower to 23,622 flights.

SHA:600009

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