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Zhaoke Ophthalmology Grants Commercialization Licence for Dry Eye Drug in Indonesia

Zhaoke Ophthalmology (HKG:6622) entered into a distribution and supply agreement with Erlangga Edi Laboratories to commercialize CsA Ophthalmic Gel in Indonesia, according to a Friday Hong Kong bourse filing.Under the agreement, the ophthalmic drug maker granted Erlangga exclusive rights to register, import, promote, distribute, market, and sell the dry eye disease drug in Indonesia.The firm will receive an upfront payment and additional milestone payments based on specific achievements.

HKG:6622

Asia37d ago

Manila Electric Unit to Sell 65.1% Stake in Radius Telecoms for MYR3 Billion

Manila Electric Co. (PSE:MER) unit Paragon Vertical will sell its 65.1% stake in Radius Telecoms to PLDT (PSE:TEL) for about PHP 2.9 billion pesos.The deal will give PLDT full ownership of Radius once all closing conditions and regulatory approvals are completed.Upon completion, Radius will cease to be a Meralco subsidiary and will become a wholly owned unit of PLDT, the filing said.

PSE:MERPSE:TEL

Asia37d ago

Zhejiang Yongtai Allocates 100 Million Yuan Credit Guarantee to Subsidiary

Zhejiang Yongtai Technology (SHE:002326) provided a guarantee with a principal amount of 100 million yuan to its subsidiary, Inner Mongolia Yongtai Chemical, according to a Shenzhen bourse filing on Friday.The guarantee will be for Inner Mongolia Yongtai's credit facility.The guarantee is part of the company's 2 billion yuan guarantee set aside for Inner Mongolia Yongtai for this year. The remaining guarantee for Innoer Mongolia Yongtai is now at 466.4 million yuan.The fluorine fine chemicals manufacturer's shares slipped 1% during the afternoon trade.

SHE:002326

Asia37d ago

Etern Experiences Unusual Stock Movement; Shares Up 3%

Jiangsu Etern (SHA:600105) experienced abnormal stock fluctuations for three consecutive trading days, but the company said its operations were normal, according to a Shanghai bourse filing on Friday.The company's closing stock price rose more than 20% between June 2 and 4, exceeding the bourse's threshold.The company's probe found that it does not have any material changes or significant disclosure that could affect the share price.The Chinese telecommunication cable and wire manufacturer's shares rose 3% during the afternoon trade.

SHA:600105

Asia37d ago

Tongding Interconnection Information Completes Registration of Two Units; Shares Down 5%

Tongding Interconnection Information (SHE:002491) completed the registration for two new companies in Shaoguan's Qujiang District in Guangdong, China.Tongding Optical Shaoguan, with 800 million yuan in registered capital, and Tongding Information Communication Shaoguan, with 100 million yuan in capital, will produce 600 tons of fiber preform and 20 million core-kilometers of optical fiber annually, according to a Friday filing with the Shenzhen bourse.Shares of the industrial automation equipment manufacturer closed 5% in recent trade.

SHE:002491

Asia37d ago

Treasury Wine Estates' Wind-Down of Non-Core Brands Brings Both Cost, Complexity, Jarden Says

Treasury Wine Estates (ASX:TWE) has a lot of work to do, particularly around the wind-down of non-core brands, which brings both costand complexity, Jarden said in a Thursday note.It has made short-term decisions to the detriment of the business long-term, Jarden said, compounded by US distributor issues and regulations in China. However, its new Chief Executive is taking decisive action and a customer-led approach, rebuilding trust in the supply chain. The firm seeks to rationalize its portfolio from around 76 brands to fewer than 30.The firm expected fiscal year 2026 earnings before interest, tax, material items, and self-generating and regenerating assets (EBITS) to reach AU$480 million to AU$490 million, 1% above consensus. Fiscal 2027 guidance was broadly in line with consensus, with management targeting at least equivalent performance.Jarden forecast fiscal 2026 EBITS of AU$487 million, at the higher end of the guidance range, but trimmed its fiscal year 2027 to fiscal year 2028 forecasts by around 5% to 6%.The investment firm retained its overweight rating on Treasury Wine Estates and its AU$5 per share price target.

ASX:TWE

Asia37d ago

Keymed Biosciences Receives $257 Million Upfront Payment After Gilead-Ouro Deal Close

Keymed Biosciences (HKG:2162) received an upfront payment of $257 million following the completion of Gilead Sciences' acquisition of Ouro Medicines, according to a Friday Hong Kong bourse filing.Under the transaction, Gilead acquired all equity interests in Ouro Medicines for an upfront payment of $1.68 billion and potential milestone payments of up to $500 million.The company said its existing licensing agreement with Ouro Medicines remains in effect, preserving its eligibility for up to $610 million in development and commercial milestones, as well as tiered royalties on net sales.

HKG:2162

Asia37d ago

Market Chatter: India Eyes Stronger Oil Ties With Venezuela Amid Supply Diversification Push

India is exploring deeper energy ties with Venezuela, including crude imports and potential investments in the country's oil sector, Bloomberg reported Friday, citing comments from Rudrendra Tandon, secretary east in India's Ministry of External Affairs, following talks between Prime Minister Narendra Modi and Venezuelan Acting President Delcy Rodríguez.The discussions come as India seeks to diversify crude supplies after disruptions to shipments through the Strait of Hormuz. Venezuela has emerged as a growing source of oil for India after sanctions relief earlier this year, according to the report."In our spot purchases, Venezuela has already emerged as the third-largest supplier this month," Bloomberg quoted Tandon as saying.Both sides also discussed potential cooperation in pharmaceuticals, mining and critical minerals, Tandon reportedly told reporters. Any investment proposals would be pursued separately through commercial negotiations, he added.Oil Minister Hardeep Singh Puri said technical teams from Indian energy companies will visit Venezuela to explore opportunities for expanding cooperation in the sector, Bloomberg noted.(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.)

^BSENifty 50

Asia37d ago

Australian Shares Continue to Retreat; nib Agrees to Sell ANZ Travel Insurance Businesses to Allianz Group Unit

Australian shares continued their retreat on Friday as the prospects of a peace agreement between the US and Iran seemed distant.The S&P/ASX 200 Index dropped 0.7%, or 61 points, to close at 8,625.10.Brent crude oil futures were trading at around $95 per barrel as traders await more clarity on US-Iran talks.The Hezbollah militia rejected a new ceasefire in Lebanon, and Israel said it would not withdraw troops from the country, Reuters reported.The iron ore price in Singapore reached $100.85 per tonne, a three-month low.On the domestic front, the number of seasonally adjusted filled jobs in Australia rose 0.6% to 16.2 million in the March quarter, following a 0.3% increase in the December 2025 quarter, the Australian Bureau of Statistics said. Total jobs rose 0.7% to 16.5 million, and job vacancies increased 5.2% to 344,000, while secondary jobs increased 0.6% to 1.1 million in the March quarter.In company news, nib (ASX:NHF) agreed to sell its Australian and New Zealand travel insurance businesses, excluding World Nomads, to Allianz Partners, an Allianz Group subsidiary, for up to AU$50 million. The company also partnered with Allianz Partners for the distribution of nib-branded travel insurance products to its customers in Australia and New Zealand.Resolute Mining (ASX:RSG) said full-year 2026 production at its Syama Gold Mine in Mali is now expected to be around the lower end of its guidance range of 195,000 to 210,000 ounces due to logistical and supply chain disruptions caused by road insecurity in parts of Mali. The company said second-quarter gold production at Syama is expected to be about 30,000 ounces, compared with its original forecast of 40,000 to 45,000 ounces.Lastly, Perpetual (ASX:PPT) agreed to acquire 70% of the shares in financial technology firm Interfi Systems. The sale and purchase agreement also comes with an option to acquire the remaining 30% of Interfi Systems' shares by fiscal 2031.

ASX 200ASX:NHFASX:PPTASX:RSG

Asia37d ago

Shijiazhuang's Subsidiary Signs 150 Million Yuan Loan Agreement; Shares Down 3%

Shijiazhuang Shangtai Technology's (SHE:001301) subsidiary, Shangtai (Hong Kong), entered into a loan agreement with the Hebei branch of Bank of Communications (SHA: 601328; HKG: 3328) for 150 million yuan, according to a Shenzhen bourse filing on Friday.The loan will be used for working capital and carries a credit period of 12 months.Shijiazhuang will serve as a guarantor for the loan, with a maximum guaranteed claim of 155 million yuan.Shares of the lithium-ion battery anode material manufacturer fell 3% in afternoon trading.

HKG:3328SHA:601328SHE:001301

Asia37d ago

Thailand's Inflation Slows Down in May

Thailand's inflation growth eased in May despite fuel and commodity prices remaining high due to the war in Iran.The consumer price index rose 2.79% year on year, a slowdown from the 2.89% growth in April, according to data from the Trade Policy and Strategy Office.The reading missed the Bloomberg-surveyed analysts' median estimate of 3.1%.On a month-on-month basis, the CPI inched 0.17% higher.The major contributor to the rise in inflation was the oil price hikes, which were triggered by the Middle East war and the closure of the Strait of Hormuz. The situation is still surrounded by uncertainty as the U.S. and Iran have yet to strike a deal.The increase in fuel prices led to the rise in public transport fares, while the cost of living climbed as enterprises passed on increased costs to consumers. The prices of fresh vegetables also rose from a year earlier due to a low price base effect.A survey posted by S&P Global earlier this week showed that enterprises passed on rising manufacturing costs to consumers, leading to higher factory gate charges. This was in line with the country's manufacturing activity slowing down amid vulnerable consumer confidence over the ongoing conflict in Iran. The headline S&P Global Thailand Manufacturing Purchasing Managers' Index slipped to 52.6 in May from 52.7 in April.Thailand's trade deficit also widened $10 billion in April from $3.04 a year earlier as exports lagged behind imports, according to official data.The Bank of Thailand maintained its stance that it will not adjust its monetary policy due to the expected rise in inflation, as the increase could be temporary."This is because monetary policy is a demand-side tool, and therefore has limited ability to address supply-side problems," BOT Governor Witai Rattanaporn said in a press conference on Thursday, a day before the inflation rate data is released.The central bank kept benchmark rates at 1% at the end of April.

^SET.BK

Asia37d ago

SSY Group Enters Negotiations Over 4 Biosimilars With Longhai Pharmaceutical

SSY Group (HKG:2005) said it entered exclusive negotiations with Hebei Longhai Pharmaceutical over four biosimilar drugs, according to a Friday filing with the Hong Kong bourse.Under the letter of intent, the firm may license biosimilar versions of ustekinumab, dupilumab, aflibercept, and evolocumab from Longhai Pharmaceutical, which will be responsible for completing research and technical know-how on the medicines.The company will be required to make a down payment and milestone payments to Longhai Pharmaceutical if the deal materializes.The exclusivity period for negotiations will last 90 days, the firm said.

HKG:2005

Asia37d ago

Fitch Sees Solid Credit Profile for Japan's Life Insurers on Sufficient Capital Adequacy

Fitch Ratings forecasts solid credit profiles for Japanese life insurers through the financial year ending March 2027, according to a recent release.Fitch expects insurers' capital adequacy, or the economic solvency ratios under the country's new regulatory regime that took effect in March, to remain ample for their ratings.Stable accumulation of core capital and hybrid capital issuance should support the insurers' capital adequacy levels, Fitch said.Fluctuations in domestic bond yields have limited risk to earnings and capital because both yen-denominated liabilities and bonds are recognized at book value using amortized cost, the rating agency said.Fitch expects major players to further acquire foreign life insurers to offset product constraints due to a shrinking population.Majors will also leverage rising yen bond yields to expand positive investment spreads, Fitch said.

Nikkei 225

Asia37d ago

Century Properties Secures Majority Bondholder Consent Ahead of Schedule

Century Properties Group (PSE:CPG) said it has secured consents from bondholders holding more than 50% of each tranche of its outstanding peso bonds under its consent solicitation exercise.These include its 2027, 2028, and 2030 fixed-rate peso bonds, according to a Friday filing with the Philippine Stock Exchange.As a result, the company said the consent solicitation period was terminated at 12:00 noon on June 5, earlier than scheduled.The company added that no further consent forms will be accepted after the termination date.

PSE:CPG

Asia37d ago

Market Chatter: HSBC Swiss Unit Charged in Paris Over Alleged Lebanese Embezzlement Scandal

French financial prosecutors have charged HSBC's (HKG:0005) Swiss branch in Paris as part of a probe into suspicions that it assisted a former Lebanese central bank governor in misappropriating funds, Bloomberg News reported on Thursday.The bank is facing accusations of organized money laundering and conspiracy to commit embezzlement, bribery, and breach of trust, the publication said.Riad Salameh, who led Lebanon's central bank for thirty years before resigning and has been sanctioned by the US and UK for allegedly exploiting his position for personal gain, has already been charged by Lebanese prosecutors with offenses including embezzlement, forgery, and illicit enrichment, the report said.Salameh denies all allegations, attributing his wealth to his earlier finance career, the publication added.Swiss authorities have also been examining the case since 2020, while Le Monde first reported the news and HSBC declined immediate comment, the news wire said.HSBC did not reply to MTNewsire's query at press time.(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:0005

Asia37d ago

Alpha Networks Names Chairman of Subsidiary; Shares Drop 4%

Alpha Networks (TPE:3380) appointed Shun-Yung Huang as the new chairman of its unit Alpha Networks (Changshu), according to a Thursday Taiwan Exchange filing.Shares fell about 4% in Friday's midday trade.He succeeded Cai-Fen Chen in the role, as the latter stepped down due to job relocation.

TPE:3380

Asia37d ago

Market Chatter: Suzlon Energy Expands into Integrated Renewable Energy Parks

Suzlon Energy (NSE:SUZLON, BOM:532667) is expanding beyond wind turbines into integrated renewable energy parks combining wind, solar and battery storage, Bloomberg News reported Thursday, citing an interview with Vice Chairman Girish Tanti.The company plans to help customers develop, operate and maintain round-the-clock clean energy projects amid growing energy security concerns, Tanti told Bloomberg.He said India added a record 6.3 GW of wind capacity in 2025, with installations expected to exceed 8 GW in 2026, according to the report.Suzlon aims to increase its managed energy asset portfolio fourfold to 70 GW over the next five years, the report said, citing a company statement. It also plans to set up a battery energy storage manufacturing facility by next year, the report added.(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.)

BOM:532667NSE:SUZLON

Asia37d ago

Market Chatter: Macquarie Chair Appointed as Head of New South Wales Treasury Corporation, Bloomberg Reports

Macquarie Group (ASX:MQG) chair and former Reserve Bank of Australia governor Glenn Stevens is set to take over as the next chair of the New South Wales Treasury Corporation on Sept. 1, Bloomberg reported on Friday, citing New South Wales Treasurer Daniel Mookhey.Stevens will succeed the current chair, Michael Dwyer.New South Wales Treasury Corporation is set to receive permission to issue debt in currencies other than the Australian dollar.(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.)

ASX:MQG

Asia37d ago

Incredible Holdings Cancels Loan Agreement With Lender

Incredible Holdings (SGX:RDR) has decided to cancel a SG$500,000 loan deal with third-party lender, Chu Boon Tiong, after the lender became entirely unreachable and failed to disburse the loan amount, according to a Thursday filing with the Singapore Exchange.The two parties entered into a loan agreement back in August 2025 to help the management services provider with its working capital needs.

SGX:RDR

Asia37d ago

Medi Lifestyle Signs Debt Offset Deal; Shares Slide 8%

Medi Lifestyle (SGX:Z4D) reached an agreement with controlling shareholder, Chua Yi Hang, to offset part of a shareholder loan, according to a Thursday filing with the Singapore Exchange.Shares of the healthcare services provider were down over 8% in Friday trading.Under the agreement, Hang will subscribe to roughly 47.4 million new rights shares, which will offset SG$947,696 of an outstanding SG$1.5 million shareholder loan.Additionally, four other corporate insiders have committed to the share offering and have already deposited their subscription amounts into the company bank account, taking the total subscription to 107.1 million shares, amounting to about SG$2.1 million.Proceeds raised from the activity will be used to offset the loan, while the remaining amount will be used for general working capital needs, debt repayment and business development initiatives.

SGX:Z4D

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Asia37d ago

Australian Shares Continue to Retreat; nib Agrees to Sell ANZ Travel Insurance Businesses to Allianz Group Unit

ASX 200ASX:NHFASX:PPTASX:RSG