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United Laboratories Unit Wins China Clinical Trial Approval for Autoimmune Drug

United Laboratories International (HKG:3933) wholly owned subsidiary, Zhuhai United Laboratories, received approval from China's National Medical Products Administration to begin clinical trials of TUL321 capsules, according to a Thursday Hong Kong bourse filing.TUL321 is a next-generation complement factor B inhibitor being developed for autoimmune and complement-mediated diseases, the filing said.

HKG:3933

Asia25d ago

Adani Enterprises JV AdaniConneX Buys Madhuvanti Build Estate for INR7.65 Billion

AdaniConneX, a joint venture company of Adani Enterprises (NSE:ADANIENT, BOM:512599), has acquired a 100% equity stake in Madhuvanti Build Estate, according to a Thursday filing with Indian stock exchanges.The shareholding in the infrastructure developer has been acquired from Adani Infra (India) for 7.65 billion Indian rupees.Madhuvanti owns a land parcel and has secured key licenses to commence infrastructure activities, which would give AdaniConneX a head start, the company said. Madhuvanti has not yet commenced commercial operations.

BOM:512599NSE:ADANIENT

Asia25d ago

Haisco Pharma Gets Nod to Trial HSK46256 Tablets; Shares Up 3%

Haisco Pharmaceutical (SHE:002653) received approval from China's National Medical Products Administration for the clinical trials of HSK46256 tablets, according to a Shenzhen bourse filing on Friday.The drug was developed as a treatment for advanced solid tumors.The Chinese drug company's shares rose 3% during the morning trade.

SHE:002653

Asia25d ago

Astral Arm to Acquire 60% Stake in Specialty Chemicals Technology Firm

Astral Chemie, a wholly-owned subsidiary of Astral (NSE:ASTRAL, BOM:532830), agreed to acquire a 60% stake in Differentiated and Sustainable Solutions (DSS) for 391.1 million Indian rupees, according to a Thursday filing to the Indian stock exchanges.DSS develops technologies for specialty chemicals and materials used in electronics, aerospace, renewable energies, and infrastructure.The transaction is expected to be completed by Aug. 31, after which DSS will become a subsidiary of Astral Chemie and a step-down subsidiary of Astral.

BOM:532830NSE:ASTRAL

Asia25d ago

Hua Nan Financial Logs NT$3.36 Billion Profit in May

Hua Nan Financial's (TPE:2880) recorded May unaudited net profit of NT$3.36 billion, according to a Thursday Taiwan Exchange filing.Shares gained about 2% in Friday's late morning trade.Cumulative net profit for the January-May period amounted to NT$14.5 billion, or NT$1.04 per share.The company did not disclose comparative year-ago figures.

TPE:2880

Asia25d ago

SDAI Signs Redeemable Loan Agreement with Beyoung

SDAI (SGX:5TI) has signed a redeemable loan agreement with Beyoung for SG$200,000, according to a Thursday filing with the Singapore Exchange.The loan carries an 8% annual interest rate. Management stated the capital will be deployed for general working capital purposes and to reduce the company's existing corporate liabilities.

SGX:5TI

Asia25d ago

Market Chatter: Samsung Electronics in Talks to Manufacture Google's Next-Gen AI Chips; Samsung Shares Jump 12%

Samsung Electronics (KRX:005930) is currently in discussions with Alphabet's Google to manufacture a part of its next-generation artificial intelligence (AI) processor, Reuters reported Thursday, citing people familiar with the matter.Google plans to have Taiwan Semiconductor Manufacturing Company (TPE:2330) manufacture the primary compute chip for its next-generation tensor processing unit, called Icefish, while Samsung Electronics may manufacture a memory interface component using its 2-nanometer process technology, the report said.Icefish is being developed in collaboration with MediaTek at present, with mass production possibly commencing in 2028, it said.Google and Samsung did not immediately reply to requests for comment from.Shares of Samsung Electronics jumped nearly 12% in recent trade, while those of TSMC added over 2%.(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.)

KRX:005930TPE:2330

Asia25d ago

Emmerson Resources Says Court Hearing on Pan African Resources Deal Set for June 19; Shares Rise 5%

Emmerson Resources (ASX:ERM) said the Supreme Court of Western Australia will hear an application by the company on June 19 to approve its proposed acquisition by Pan African Resources, according to a Friday filing with the Australian bourse.Shareholders of Emmerson will vote on the deal at a meeting scheduled for June 15.The company's shares gained 5% in recent Friday trade.

ASX:ERM

Asia25d ago

HKC Prices Shenzhen IPO at 10.12 Yuan to Raise 7.39 Billion Yuan

HKC (SHE:001399) priced its initial public offering of 729.8 million shares on the Shenzhen bourse at 10.12 yuan apiece to raise 7.39 billion yuan, according to a notice on the bourse.Proceeds will fund initiatives to accelerate new technology development and expand production capacity in next-generation display technologies as well as boost capital and repay loans.Offline subscription payment and online subscription are scheduled on Friday.The technology company specializes in semiconductor displays.

SHE:001399

Asia25d ago

Qoria Says Morgan Stanley Ceases to be Substantial Holder, Shares Jump 3%

Qoria (ASX:QOR) said Morgan Stanley and its units ceased to be substantial holders of the firm on Tuesday, according to a Friday Australian bourse filing.Its shares rose 3% in recent trading on Friday.

ASX:QOR

Asia25d ago

Market Chatter: Alibaba Said to Offer $1.5 Billion for Grocery Platform Pupu

Alibaba (HKG:9988) has offered $1.5 billion to acquire Chinese online grocery platform Pupu, Bloomberg News reported on Friday, citing people familiar with the matter.The reported offer exceeds an earlier $600 million bid from Sun Art Retail (HKG:6808), a former Alibaba affiliate now backed by private equity firm DCP Capital, the report said.Fujian-based Pupu is one of the few remaining independent online grocery platforms in China and has attracted interest as major internet companies seek to expand their presence in fresh food retailing, according to the report.An Alibaba representative did not respond to a comment request from Bloomberg, while DCP and a Pupu representative refused to comment, the news agency 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.)

HKG:6808HKG:9988

Asia25d ago

Singapore Launches Synthetic Biology Lab for Sustainable Products

Singapore's Agency for Science, Technology and Research (A*STAR) and the National University of Singapore (NUS) launched a synthetic biology research facility to accelerate the commercialization of sustainable bio-based products, according to a ministry release on Thursday.Named the A*STAR SIFBI-NUS Synthetic Biology Joint Lab, the facility will focus on artificial intelligence-guided enzyme and pathway engineering, industrially deployable microbial platforms, and novel compounds for ingredient and functional applications.In the longer term, the platform aims to drive technology licensing, startup formation and industry partnerships, supporting the growth of Singapore's bio-based innovation ecosystem.

^STI

Asia25d ago

Megaport Says JPMorgan Ceases to be Substantial Holder

Megaport (ASX:MP1) said JPMorgan Chase and its affiliates ceased to be substantial holders of the firm on Tuesday, according to a Friday Australian bourse filing.Its shares rose 1% in recent trading on Friday.

ASX:MP1

Asia25d ago

Mesoblast Says JPMorgan Ceases to be Substantial Holder

Mesoblast (ASX:MSB) said JPMorgan Chase and its affiliates ceased to be substantial holders of the firm on Tuesday, according to a Friday Australian bourse filing.Its shares rose 1% in recent trading on Friday.

ASX:MSB

Asia25d ago

Flight Centre Travel Group Says JPMorgan Chase Becomes Substantial Holder

Flight Centre Travel Group (ASX:FLT) said JPMorgan Chase and its affiliates became substantial holders of the firm on Tuesday after acquiring voting power of 5.47%, according to a Friday Australian bourse filing.JPMorgan holds 11.3 million ordinary securities of the firm.Its shares rose 1% in recent trading on Friday.

ASX:FLT

Asia25d ago

Ferretti Says No Negotiation Underway For Italian Sea Group Acquisition

Italian yacht maker Ferretti (HKG:9638) on Friday said it was not in talks with the Italian Sea Group or its major shareholders on a potential acquisition, but did not outright deny it was weighing an offer.A Bloomberg report on Thursday said the firm was weighing a deal to purchase all or some of some of Italian Sea Group's assets and had held discussions with advisers on a possible approach.Responding to the media report, Ferretti said no negotiations were underway. However, the company noted that it "continuously evaluates and assesses potential opportunities that may arise in the market."In its own report, Bloomberg said the deliberations were at an early stage and that there was no certainty it would lead to an offer.

HKG:9638

Asia25d ago

United Laboratories Plans HK$200 Million Share Buyback

The United Laboratories International (HKG:3933) plans to repurchase up to HK$200 million of its shares on the open market under a shareholder-approved mandate, according to a Thursday Hong Kong bourse filing.The company said the buyback will be funded by internal cash resources, and shares repurchased under the plan will be canceled.

HKG:3933

Asia25d ago

SiteMinder Shareholder JPMorgan Chase Boosts Stake; Shares Rise 7%

SiteMinder (ASX:SDR) shareholder JPMorgan Chase increased its ownership of the company to about 18.9 million shares or 6.68% voting power from 14.3 million shares or 5.05% voting power previously, according to a Friday filing with the Australian bourse.The change in holding occurred on June 9, per the filing.SiteMinder shares advanced 7% in recent Friday trade.

ASX:SDR

Asia25d ago

Alita Resources Board Responds to Unsolicited Off-Market Offer by Clearwater Recovery Partners

Alita Resources (SGX:40F) has issued a warning to its shareholders after it received an unsolicited off-market offer for 15.24% of its shares from Clearwater Recovery Partners, according to a Thursday filing with the Singapore Exchange.Clearwater, which specializes in distressed asset investment, has offered to buy up to 225 million shares in the company at AU$0.0025 per share.Alita Resources' board believes the offer undervalues the company, with the per-share offer less than the implied per-share value.Additionally, Clearwater has not conducted an independent legal analysis of the contractual arrangements, and Alita's board has therefore not endorsed or recommended the offer.

SGX:40F

Asia25d ago

Sichuan Kelun-Biotech Receives Nearly 603 Million Yuan From MediLink

Sichuan Kelun-Biotech Biopharmaceutical (HKG:6990) said it received a further 602.5 million yuan from MediLink Therapeutics as part of a licensing settlement involving YL201, according to a Friday filing with the Hong Kong bourse.The firm said it had so far received 702.7 million yuan from MediLink Therapeutics.Sichuan Kelun-Biotech previously pursued criminal proceedings against MediLink Therapeutics over allegations the firm misappropriated its trade secrets.Both sides then reached a settlement under an out-licensing deal covering several drugs, including YL201.

HKG:6990

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