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RAAS Blood Products Secures Registration Certificate for Human Fibrinogen

Shanghai RAAS Blood Products (SHE:002252), via unit Nanyue Biopharmaceutical, received a drug registration certificate from China's National Medical Products Administration for human fibrinogen, according to a Shenzhen bourse filing over the weekend.The Chinese blood product manufacturer's shares closed 1% higher on Monday.The product is used for congenital fibrinogen reduction or deficiency.

SHE:002252

Asia2d ago

Primarius Technologies Shareholders to Offload Stakes

Primarius Technologies (SHA:688206) shareholders will reduce their holdings in the company by 10.6 million shares, according to a Monday filing with the Shanghai bourse.The shares to be offloaded from Gongqingcheng Jinqiu Equity Investment Management Partnership, Gongqingcheng Jiacheng Equity Investment Partnership, Jinggangshan Jingyuan Equity Investment Partnership, Gongqingcheng Ruicheng Equity Investment Partnership, Zhuzhou Guoxing Tongying Venture Capital Partnership, and Shanghai Xingcheng Investment Management, represent 2% of the entire shareholding of the company.

SHA:688206

Asia2d ago

China Renaissance's Unit Advises AI Company on Series B+, Series C Fundraising

China Renaissance's (HKG:1911) unit CRP-Fanya Investment Consultants (Beijing) assisted Beijing SiliconFlow Technology in raising funds, a Monday bourse filing showed.Beijing SiliconFlow Technology has completed its phase II Series B+ and Series C financing rounds, which received support from various types of investors.SiliconFlow Technology is an artificial intelligence inference token supplier offering serverless token services.

HKG:1911

Asia2d ago

India's Motherson To Take Controlling Stake in Rotary Connectors for 5 Billion Rupees

Samvardhana Motherson International (NSE:MOTHERSON, BSE:517334) said on Monday that its board has greenlit the proposal to take a controlling stake in aerospace and defense components firm Rotary Connectors Private Limited for five billion Indian rupees, according to a same-day filing with the bourse.The company said it will buy a 50.1% stake through its unit, Samvardhana Motherson Adsys Tech Limited. The promoters of Rotary Connectors will own the rest of the firm.Shares were down 1% in afternoon trading.

BOM:517334NSE:MOTHERSON

Asia2d ago

Huaxi Nonferrous Metal's Controlling Shareholder to Remain Unchanged Following 13.1 Billion Yuan General Offer

Guangxi Huaxi Nonferrous Metal's (SHA:600301) controlling shareholder, Guangxi Key Metals Group, will remain unchanged after the completion of a 13.1 billion yuan general offer, according to a series of Shanghai bourse filings over the weekend.The Chinese mining company's shares jumped 10% at the close of Monday's trade.China Minmetals made a general offer to acquire 51% of Guangxi Key Metals, proposing about 275.3 million shares of the company for 47.40 yuan per share.Only the indirect controlling shareholders will change after the transaction. Guangxi Key Metals Group will be the new indirect controlling shareholder, and the local government of the Guangxi Zhuang Autonomous Region will become the actual controller.

SHA:600301

Asia2d ago

South Korean Shares Close Higher on Lower Oil Prices, Hopes Over Middle East Conflict Resolution

South Korean shares closed higher on Monday after crude oil prices fell toward $98 a barrel for a fourth straight session amid hopes that increased diplomatic efforts could help end the conflict and restore energy flows from the Middle East.The Korea Composite Stock Price Index, or Kospi, increased by 113.49 points, or about 1.65%, to close at 7,007.72. The Kosdaq also rose by 9.15 points, or 1.11%, to close at 836.27.U.S. President Donald Trump said he would "probably" be open to meeting Iranian President Masoud Pezeshkian on the sidelines of the United Nations General Assembly in New York this week, as Washington weighs its next steps and Tehran sets conditions for renewed negotiations.In economic news, South Korea's greenhouse gas emissions declined 0.9%, or 6.1 million tons, to 685.71 million tons in 2025 from a year earlier, the Ministry of Climate, Energy and Environment said Monday.Emissions fell year-on-year in the industrial, transportation, agriculture, fisheries and waste sectors, while increasing in the electricity, building and refrigerant sectors, the release said.In corporate news, shares of Samsung Electronics (KRX:005930) added nearly 5% at market close on Monday after the company broke ground for the Fläkt Group's heating, ventilation, and air conditioning (HVAC) production line at its Gwangju plant in South Jeolla Province.Samsung Electronics will invest about 240 billion won to build an HVAC production line with a total floor area of 21,800 square meters at the 3rd Campus of the plant. The new production line is scheduled to become fully operational in early 2028.

^KOSDAQKOSPIKRX:005930

Asia2d ago

China Stocks Rise as PBOC Holds Rates Steady; Salubris Pharmaceuticals Up 3%

Chinese shares closed higher Monday amid signals of a steady monetary policy stance. The gains follow the People's Bank of China's monthly rate fixing on Sunday, where policymakers held the one-year loan prime rate steady at 3% and the five-year LPR at 3.5%.The Shanghai Composite Index, the main gauge of Chinese stocks, rose nearly 1.0% to close at 3,949.91. The Shenzhen Component Index climbed 0.7% to 13,730.02.On the regulatory front, China will tighten rules around price competition to prevent malicious price competition and predatory pricing. As part of the country's 15th Five-Year Plan, the State Administration for Market Regulation will accelerate revisions to the Price Law to establish a legal framework penalizing below-cost dumping.Authorities will also fully implement the revised Anti-Unfair Competition Law to crack down on market malpractices, including false advertising, commercial discrediting, and bribery.In company news, Shenzhen Salubris Pharmaceuticals (SHE:002294) will repurchase a combined 6.14% stake in controlled subsidiary Sino Medical from two strategic investors for about 426.7 million yuan, raising its stake to 93.51% from 87.36%. Shares of the pharmaceutical company closed 3% higher Monday.

Shanghai Composite^SZSESHE:002294

Asia2d ago

Update: Market Chatter: Legend Holdings Launches Sale of 90% Stake in Luxembourg Bank BIL

(updates to add that BIL declined to comment)Legend Holdings (HKG:3396) has started seeking buyers for its 90% stake in Banque Internationale à Luxembourg, the Financial Times reported.Goldman Sachs is advising on the sale, with initial bids due by the end of September. The lender could be valued at about 2.5 billion euros or more, according to the report.Interest from European and Middle Eastern institutions is in its early stages, while some potential buyers may be interested only in parts of the business. There is no certainty a deal will be reached, the FT reported.Banque Internationale à Luxembourg declined to comment toand Goldman Sachs did not immediately respond to a request for comment.(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:3396

Asia2d ago

Taiwan Breaks Ground at Kaohsiung Industrial Park, Taiwan, With TSMC to Establish Packaging Hub

Taiwan on Monday began work on the new advanced packaging industrial park with the groundbreaking ceremony of Baipu Industrial Park, in Kaohsiung, Taiwan, where chipmaker Taiwan Semiconductor Manufacturing Co (TPE:2330) also plans to establish facilities, according to a same-day official statement.TSMC plans to develop a three-hectare site featuring two buildings with modular facilities including a technology validation laboratory and a talent training centre.The facilities are expected to begin operations in the fourth quarter ⁠of 2029, local media reports, quoting Kaohsiung Deputy Mayor Lo Ta-sheng as saying at the groundbreaking ceremony.

Taiwan WeightedTPE:2330

Asia2d ago

Liaoning Oxiranchem Suspends Trading Ahead of Planned Acquisition of Suzhou Qitian New Materials

Liaoning Oxiranchem (SHE:300082) suspended trading Monday as it plans to acquire control of Suzhou Qitian New Materials through a combination of share issuance and cash payment.The transaction also involves raising supporting funds, while the company said the deal will not result in a change of its actual controlling shareholder, according to a Monday filing.The proposed transaction remains at the planning stage, with the final transaction structure, counterparties and scope of assets yet to be determined.Trading is expected to resume no later than Oct. 13 if the company does not disclose the transaction plan within 10 trading days, it said.

SHE:300082

Asia2d ago

Zhejiang Weiming Environment Protection Wins 281 Million Yuan Waste-to-Energy Bid

Zhejiang Weiming Environment Protection (SHA:603568) won a 281 million yuan bid for a waste-to-energy project for the Puxian Housing and Urban-Rural Development Bureau, according to a Saturday filing with the Shanghai bourse.The Yellow River Basin Regional Waste‑to‑Energy Project, undertaken with Shanxi Hongyuan Environmental Protection and Energy Conservation, will treat 500 tons of waste daily.The project has a concession period of 40 years, with two years for preparation and 38 years of operation, covering six counties in western Linfen City, China.

SHA:603568

Asia2d ago

Grand Ming Sells Data Center Properties to Amazon for HK$2.4 Billion; Shares Soar 41%

Grand Ming Group (HKG:1271) will sell two data center projects to U.S. tech giant Amazon's Hong Kong unit for up to HK$2.4 billion, according to a Friday bourse filing.The move is expected to deleverage Grand Ming's balance sheet and provide it with working capital, the company said.Shares were up 41% on the HKEX.

HKG:1271

Asia2d ago

Samsung Electronics Breaks Ground on Fläkt Group's HVAC Production Line at Gwangju Plant

Samsung Electronics (KRX:005930) broke ground on the Fläkt Group's heating, ventilation, and air conditioning (HVAC) production line at its Gwangju plant in South Jeolla Province, the company said in a Monday release.Samsung will invest about ₩240 billion to build a 21,800‑square‑meter HVAC line at the plant's 3rd Campus, scheduled to be fully operational in early 2028, the release said.Shares of the company added nearly 5% at market close.

KRX:005930

Asia2d ago

Zhejiang Founder Motor to Inject 210 Million Yuan into Unit

Zhejiang Founder Motor (SHE:002196) will inject 210 million yuan into its unit, Fangzheng Motor (Deqing), according to a Saturday filing.The capital increase will raise Deqing Fangzheng's registered capital to 560 million yuan from 350 million yuan, with the company retaining 100% ownership.The funds will support the unit's expanded production and operations, it said.

SHE:002196

Asia2d ago

GMR Wins Delhi Airport Tariff Order Appeal; Shares Up 3%

GMR Airports (BOM:532754) has successfully appealed a tariff order issued by the Airports Economic Regulatory Authority of India against its largest operating unit, Delhi International Airport, according to a Sunday bourse filing.The appeal concerned the aeronautical tariff for Indira Gandhi International Airport, the company said.Shares were last up 3% on the BSE on Monday.

BOM:532754NSE:GMRINFRA

Asia2d ago

Samsung SDI to Invest KRW29.7 Billion in New Technology Fund

Samsung SDI (KRX:006400) will invest 29.7 billion won in the SVIC No. 85 New Technology Business Investment Partnership, according to a Monday release.The investment aims to boost the group's business competitiveness through new technologies and business opportunities.Samsung Venture Investment formed the investment vehicle.Shares of the battery and electronic materials manufacturer fell more than 1% in recent trade.

KRX:006400

Asia2d ago

InSilico Bags Significant AI Lab Collaboration Contract; Shares Rise 4%

InSilico Medicine (HKG:3696) said Monday it will collaborate with an unnamed AI lab to develop frontier models to support biological research under a contract valued at up to tens of millions of U.S. dollars, according to a same-day filing with the bourse.The duo will leverage InSilico's MMAI Gym training framework and data from its previous scientific studies, and will share revenue under the terms of their agreement, which the company did not disclose.InSilico's shares were last up 4% on the HKEX.

HKG:3696

Asia2d ago

South Korea's Central Bank Launches Pilot for 24-Hour International Won Settlement Network

The Bank of Korea has launched a pilot operation for its international won settlement network on Monday, according to a same-day release.The 24-hour settlement network, a first for the South Korean central bank, will allow payments in won during business hours in other countries.Four banks, including KB Kookmin Bank, Woori Bank, Hana Bank and Shinhan Bank, have participated in the pilot operation, with foreign banks and others to be on board during the full operation scheduled on Jan. 27, 2027.

^KOSDAQKOSPI

Asia2d ago

Salubris Pharmaceuticals to Raise Stake in Sino Medical Unit to 93.51%; Shares Up 3%

Shenzhen Salubris Pharmaceuticals (SHE:002294) will repurchase a combined 6.14% stake in controlled subsidiary Sino Medical from two strategic investors for about 426.7 million yuan.Upon completion, the pharmaceutical company's stake in Sino Medical will rise to 93.51% from 87.36%, according to a weekend filing with the Shenzhen bourse.Shares of Salubris Pharmaceuticals rose 3% in recent trade.

SHE:002294

Asia2d ago

Daito Trust Construction Secures Three Loans Totaling 105 Billion Yen

Daito Trust Construction (TYO:1878) has secured three lending facilities totaling 105 billion yen, according to a Tokyo bourse filing on Friday.The loan agreements include a 35 billion yen facility arranged by Sumitomo Mitsui Banking with participating banks including SBI Shinsei Bank, Resona Bank, Shizuoka Bank and Shikoku Bank.The loan has a final repayment date of Sept. 30, 2031.The construction company also obtained a two-tranche loan worth 50 billion yen from Mizuho Bank and participating banks, with final repayment dates of Sept. 30, 2036 and Mar. 31, 2034 for the respective tranches.The third loan amounts to 20 billion yen, which was arranged by MUFG Bank and has a final repayment date of Sept. 30, 2031.All of the facilities have interest rates equivalent to the TIBOR plus a spread.Shares of the construction company fell more than 1% in recent Monday trading.

TYO:1878

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