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Bank of Guizhou's Chair Steps Down

Bank of Guizhou's (HKG:6199) Chairman Yang Mingshang resigned Monday due to work arrangements by the Guizhou provincial government, according to a same-day Hong Kong bourse filing.The lender named President Wu Fan as acting chair the same day.

HKG:6199

Asia33d ago

GC Construction Warns of Wider Fiscal-Year Loss

GC Construction (HKG:1489) expects a net loss of at least HK$58 million for the year ended March 31, compared with a loss of HK$53.5 million a year prior, according to a Monday Hong Kong bourse filing.The builder attributed the loss to a lower revenue and higher impairment losses on trade receivables and contract assets.

HKG:1489

Asia33d ago

QingSong Health Unit Enters Medical Service Cooperation Contracts

QingSong Health (HKG:2661) unit Beijing QingSong Health Network Technology entered into three health management service cooperation agreements with Yingda Taihe Life Insurance,The scope of the contract includes medical treatment services and chronic disease management, health promotion and disease prevention, and rehabilitation and nursing.Under the cooperation, telehealth firm QingSong Health will provide various customers of Yingda Taihe Life Insurance with health management and related ancillary services.

HKG:2661

Asia33d ago

CSPC Pharmaceutical Gets Trial Nod for Obesity Drug from US FDA

CSPC Pharmaceutical Group (HKG:1093) obtained clinical trial approval for Semaglutide Long-acting Injection from the U.S. Food and Drug Administration (FDA), according to a Monday Hong Kong bourse filing.The indication for the approval is weight management in adults who are overweight or obese alongside a reduced-calorie diet and increased physical activity.

HKG:1093

Asia33d ago

RemeGen Gets Marketing Nod for Sjögren's Syndrome Drug in China

RemeGen (HKG:9995, SHA:688331) obtained a drug registration certificate and marketing approval for a new indication of Telitacicept for Injection from China's National Medical Products Administration, according to a Monday Hong Kong bourse filing.The new indication of the drug is for the treatment of Sjögren's syndrome, the biopharmaceutical company said.

HKG:9995SHA:688331

Asia33d ago

Wanda Hotel Development's Chair Steps Down; Successor Named

Wanda Hotel Development's (HKG:0169) Chairman Zhang Chunyuan resigned effective Monday to devote more time to personal engagements, according to a same-day Hong Kong bourse filing.The hotel operator, on the same day, named Chen Hongtao as its new chair.Chen has held various positions in Dalian Wanda Group since 2000 and is currently the president of Beijing Wanda Cultural Tourism Industry Group and chairman and president of Dalian Wanda Commercial Management Group.

HKG:0169

Asia33d ago

China State Construction International Redeems Outstanding Securities Under $500 Million Issue

China State Construction International (HKG:3311) redeemed all outstanding securities under a $500 million issue on Monday, according to a same-day Hong Kong bourse filing.The withdrawal of the listing of the securities is expected June 16, the construction firm said.

HKG:3311

Asia33d ago

China Properties Investment Enters AI Development Partnership

China Properties Investment (HKG:0736) entered into a non-legally binding MoU with Zhong Biao Cheng (Shanghai) Technology to potentially cooperate on the development of businesses related to artificial intelligence, according to a Monday Hong Kong bourse filing.Under the three-year MoU, the parties will conduct a feasibility study on existing and future business cooperation on various products and businesses.The collaboration will include, but not be limited to, AI customer management, enterprise AI applications, and AI development.The parties are yet to enter into a formal agreement regarding the cooperation.

HKG:0736

Asia33d ago

JSW Energy Commissions Wind Blade Manufacturing Plant in Gujarat

JSW Energy (NSE:JSWENERGY, BOM:533148) has commissioned a wind blade manufacturing facility at Halol in Gujarat, India according to an Indian bourse filing on Monday.The plant has an annual capacity to produce up to 450 wind blades, equal to about 600 MW of wind projects, the company said in the filing. It will manufacture 82-metre blades for 4 MW wind turbine generators, it added.Another wind blade manufacturing facility is in advanced stages of commissioning at Chitradurga in Karnataka, India, the filing said.JSW Energy has an installed wind capacity of 3.9 GW and a total locked-in generation capacity of 32.1 GW across thermal, hydro and renewable segments. It has an energy storage capacity of 29.6 GWh, according to the filing.

BOM:533148NSE:JSWENERGY

Asia33d ago

StanChart's Saudi Arabia Arm Gets Investment Management, Fund Operation Nod

Standard Chartered's (HKG:2888) Saudi Arabia wing obtained regulatory approval for investment management and fund operation activities in the country, according to a Monday release.The go-ahead from the Capital Market Authority (CMA) will allow the bank to support institutional clients amid broadening investor participation and capital market activity in the country.

HKG:2888

Asia33d ago

Consun Pharmaceutical Unit to Acquire 30% Stake in Supplier

Consun Pharmaceutical (HKG:1681) unit Guangzhou Consun Pharmaceutical agreed to invest 191.4 million yuan in Shanghai Huamao Pharmaceutical for a 30% stake, according to a Monday Hong Kong bourse filing.The investment will be made through the purchase of existing equity interest and a capital increase in cash.Shanghai Huamao Pharmaceutical is a biotechnology and pharmaceutical company and acts as a supplier of Consun Pharmaceutical.The purchase will facilitate market expansion, vertical integration, supply strengthening, and R&D resource sharing for the firm among other benefits.

HKG:1681

Asia33d ago

Titan Redeems Commercial Papers Worth INR10 Billion

Lifestyle company Titan (BOM:500114, NSE:TITAN) fully redeemed commercial papers worth 10 billion Indian rupees, according to a Monday filing with the Indian bourses.The commercial papers were issued on April 24, the filing said.

BOM:500114NSE:TITAN

Asia33d ago

Smartworks Leases 400 Seats to Japanese NBFC Arm in Mumbai, India

Smartworks Coworking Spaces (NSE:SMARTWORKS, BOM:544447) has leased over 400 seats to the Indian subsidiary of a Japanese non-banking financial company in Mumbai, according to a Monday filing with the Indian bourses.The five-year agreement is expected to generate rental revenue of around 350 million rupees over the tenure, the company said in the filing.The company said clients with 300 or more seats account for about 69% of its rental revenue, with an average tenure of around 47 months for this segment.

BOM:544447NSE:SMARTWORKS

Asia33d ago

Zhejiang Cfmoto Power Seeks to Raise Up to 2.18 Billion Yuan Via Bond Issue

Zhejiang Cfmoto Power (SHA:603129) seeks to raise up to 2.18 billion yuan via the issue of convertible bonds.The bonds will be issued June 10 at 100 yuan apiece, according to a Monday filing with the Shanghai bourse.Huatai United Securities serves as lead manager.Shares of the motorcycle manufacturer closed 3% higher Monday.

SHA:603129

Asia33d ago

Poly Property Logs 4.3 Billion Yuan in May Contracted Sales

Poly Property Group (HKG:0119) recorded contracted sales of about 4.3 billion yuan in May, with a sold area of 140,000 square meters, according to a Monday Hong Kong bourse filing.The property firm's average selling price for the month stood at approximately 30,430 yuan per square meter.For the five months ended May 31, contracted sales and sold area reached roughly 19.6 billion yuan and 684,000 square meters, respectively, with an average selling price of 28,700 yuan per square meter.

HKG:0119

Asia33d ago

Sigma Advanced Systems Secures $22 Million Export Order for Artillery Shell Bodies

Sigma Advanced Systems (NSE:SIGMAADV, BOM:532408) has received an export order worth around $22 million for the supply of 40,000 units of 155 mm M107 artillery shell bodies to a North American customer, according to a Monday filing on Indian bourses.The contract is scheduled for execution within six months, with production and deliveries to be completed in the same period, the filing said.The scope covers the manufacturing of artillery shell bodies, an important structural component of ammunition, it added.The company said it has received export authorization from the Ministry of Defense.

BOM:532408NSE:SIGMAADV

Asia33d ago

Tern Properties Forecasts Narrower Full-Year Loss

Tern Properties (HKG:0277) expects a pre-tax loss of around HK$27 million for the year ended March 31, compared with HK$49 million a year prior, according to a Monday Hong Kong bourse filing.The property company attributed the forecast to a narrower fair value loss on investment properties.

HKG:0277

Asia33d ago

Fourace Industries Warns of 13% Lower Fiscal-Year Profit

Fourace Industries Group (HKG:1455) expects profit of around HK$36.4 million for the year ended March 31, down 13% from HK$41.7 million a year prior, according to a Monday Hong Kong bourse filing.Excluding a one-off and non-recurring net other income due to compensation from the variation of a lease contract, profit is expected to fall 66% to roughly HK$14.4 million from HK$41.7 million in the year-ago period.The latter forecast is due to a significant reduction in revenue and gross profit margin.

HKG:1455

Asia33d ago

Pulike Biological Engineering Gets China Approval for Pseudorabies Jab for Pigs

Chinese agricultural authorities approved a pseudorabies live vaccine for pigs produced by Pulike Biological Engineering (SHA:603566) and subsidiary Luoyang Huizhong Biotechnology, according to a Saturday filing with the Shanghai bourse.The vaccine offers pigs immunity for six months.

SHA:603566

Asia33d ago

Shengyang Science and Technology Plans 876-Million-Yuan Investment in Satellite, Display Project

Zhejiang Shengyang Science and Technology (SHA:603703) plans to invest up to 876 million yuan in a satellite internet communication terminal and smart display device intelligent manufacturing project in Zhejiang, China.The project will focus on research and development and mass production of satellite internet communication terminal products, while building a new intelligent digital production line for display devices, according to a weekend filing with the Shanghai bourse.Construction will take 36 months from Dec. 31.Shares of the communication equipment manufacturer closed 6% lower Monday.

SHA:603703

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