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Rainmed Medical Joint CEO Resigns

Rainmed Medical (HKG:2297) said Zhu Zeke resigned as the company's joint chief executive to focus on family matters, according to a Monday filing with the Hong Kong bourse.Shares of the medical instrument company gained nearly 6% in morning trade Tuesday.

HKG:2297

Asia41d ago

Cyberdyne Teams Up with Pegasus Tech Ventures to Launch 10 Billion Yen Fund

Cyberdyne (TYO:7779) has entered into a strategic business alliance with Silicon Valley-based global venture capital firm Pegasus Tech Ventures, establishing a 10 billion yen investment fund to jointly promote strategic investments in the Cybernics industry, according to a Tokyo bourse filing on Monday.The fund, named Pegasus Tech Ventures, was established on March 30, with Cyberdyne contributing 99.9% as a Limited Partner and Pegasus holding 0.1% as the General Partner over a 10-year investment period starting June 1.Through this partnership, Cyberdyne aims to strengthen access to promising startups and advanced technologies worldwide, accelerating the development of HCPS Cybernics with Physical AI, a human-centered approach that fuses biological systems, medical systems, AI, robotics, and information systems.The alliance forms part of Cyberdyne's broader growth strategy to create global business opportunities and expand its presence in the Cybernics industry, which the company envisions as a new core industry following robotics and IT.

TYO:7779

Asia41d ago

Market Chatter: South Korea Overtakes India to Become World's Sixth-Largest Stock Market

South Korea's equity market surpassed India to become the world's sixth-largest stock market, owing to a surge in semiconductor stocks, Bloomberg News reported Tuesday.The total market capitalization of South Korea-listed firms jumped 86% so far in 2026 to $5 trillion, while the Indian stock market's total capitalization has decreased to $4.8 trillion, the report said.Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), both now valued at over $1 trillion, fueled the country's stock market rally through their dominance in AI memory chips, the report said.This helped the Korea Composite Stock Price Index or Kospi, more than double so far this year and pushed South Korea ahead of Canada, Germany, the UK, and France in terms of market capitalization, Bloomberg said.Despite South Korea's larger stock market, India's economy remains considerably bigger at $4.15 trillion as compared to the former's $1.93 trillion, the report said, citing International Monetary Fund estimates.Shares of Samsung Electronics rose 1% while those of SK Hynix declined nearly 3% in recent trade.(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.)

^BSE^KOSDAQKOSPI^NSEKRX:000660KRX:005930

Asia41d ago

Update: Heartland Group Holdings to Acquire TSB Bank for NZ$620 Million in Merger Deal; Shares Rise 12%

(Updates with the stock movement in the headline and last paragraph)Heartland Group Holdings (ASX:HGH, NZE:HGH) entered into a conditional merger implementation agreement to acquire TSB Bank from Toi Foundation for NZ$620 million, with the transaction to result in the merger of Heartland Bank and TSB into a new entity, TSB Heartland Bank, according to Tuesday filings with the Australian and New Zealand bourses.The aggregate consideration paid to Toi Foundation represents 76% of TSB's book value and comprises ordinary equity in Heartland giving Toi Foundation a 17.5% stake, a pre-completion cash dividend from TSB, a vendor loan to Heartland, and a Tier 2 capital subscription in Heartland Bank, per the filing.The company anticipates around NZ$34 million in annual pre-tax synergies once fully realized, which are expected to enhance earnings and support dividend growth prospects, the filing said.The transaction, expected to close in December, is still contingent on shareholder approval, regulatory approvals, and consultation with the Taranaki community, the filing added.Heartland's shares jumped 12% in recent Tuesday trade on the Australian bourse, while its shares on the New Zealand bourse gained 11%.

ASX:HGHNZE:HGH

Asia41d ago

Siemens Completes Sale of Low Voltage Motors Business to Innomotics India

Siemens (NSE:SIEMENS, BOM:500550) has completed the sale of its low-voltage motors and geared motors business, including the related customer service operations, to Innomotics India, according to a Monday filing to the Indian bourses.Siemens had agreed to sell its low-voltage motors business to Innomotics India in December 2025 for 22 billion Indian rupees as a going concern on a slump sale basis.

BOM:500550NSE:SIEMENS

Asia41d ago

Update: Star Entertainment Group Says Sydney Casino Fined AU$10 Million by New South Wales Regulator; Shares Rise 3%

(Updates with the stock movement in the headline and the last paragraph)Star Entertainment Group (ASX:SGR) said its Sydney casino was fined a total of AU$10 million by the New South Wales Independent Casino Commission (NICC) over multiple compliance breaches and must set aside a further AU$5 million to strengthen financial crime risk management technology, according to an Australian bourse filing on Monday after market hours.The penalties comprise AU$1.5 million for allowing patrons to gamble beyond permitted time limits, AU$3 million for enabling the conversion of casino reward points into cash, AU$500,000 for failing to prevent an excluded patron from entering the casino on nine occasions, and AU$5 million for widespread shortcomings in financial crime risk management, per the filing.The NICC acknowledged major improvements under the company's new leadership and technology upgrades but said the penalties reflect the serious breaches that exposed customers to gambling harm and increased the risk of criminal infiltration, the filing added.The company's shares climbed 3% in recent Tuesday trade.

ASX:SGR

Asia41d ago

Livzon Pharma Unit Wins China Approval for Fertility Drug Biosimilar

Livzon Pharmaceutical's (HKG:1513, SHE:000513) unit Livzon MABPharm received approval from China's National Medical Products Administration for Recombinant Human Follitropin Alfa Solution for Injection, according to a Monday Hong Kong bourse filing.The product is indicated for anovulation, including polycystic ovary syndrome, ovarian stimulation in assisted reproductive technology procedures, and certain patients with severe luteinizing hormone and follicle-stimulating hormone deficiencies.The drug is administered through a pre-filled injection pen and was developed as a biosimilar.

HKG:1513SHE:000513

Asia41d ago

NZX Midday Sector Update: Retail Trade Shares Rise, Finance Declines

Retail trade shares gained the most on New Zealand's Exchange, rising past 1% by midday Tuesday.Shares of Green Cross Health (NZE:GXH) surged 40% in recent trade.The company on Tuesday said it has entered into a conditional agreement to sell its medical division, The Doctors, to Tend Health for NZ$270 million, subject to adjustments for net debt and working capital.Meanwhile, the finance sector declined by more than 2%.Infratil (NZE:IFT, ASX:IFT) was down almost 1% in recent trade after the company said it launched an offer of up to NZ$150 million of unsecured, subordinated capital bonds due 2057 to investors in New Zealand.

^NZ50ASX:IFTNZE:GXHNZE:IFT

Asia41d ago

Chery Automobile's May Sales Jump 21%

Chery Automobile (HKG:9973) sold 231,944 vehicles in May across its five major brands, up 21% from a year prior, a Monday Hong Kong bourse filing said.The firm's Chery brand saw sales rise 34% year over year to 167,645 units, while iCar sales gained 60% to 9,432 units. Jetour sales rose 1% year on year to 45,557 units, figures showed.Exeed and Luxeed sales decreased 47% and 31%, respectively, to 5,882 units and 3,428 units.New energy vehicle sales totaled 89,340 units, while exports reached 177,666 units, figures showed.For the five months ended May 30, total sales increased 7.5% to 1.03 million units.

HKG:9973

Asia41d ago

Li Ning Teams Up With NBA's Stephen Curry to Expand Global Sports Business

Li Ning (HKG:2331) entered into a long-term partnership with American basketball player Stephen Curry and Curry Brand, according to a Tuesday press release.The partnership will focus on product development across multiple sports categories, sports-culture initiatives, and programs to engage younger athletes.The companies said they will initially collaborate in basketball and golf before expanding into broader lifestyle sports categories.

HKG:2331

Asia41d ago

Shanghai Bourse Greenlights Unitree Robotics' IPO

The Shanghai Stock Exchange's Listing Review Committee has approved the initial public offering of Unitree Robotics, which specializes in embodied intelligence and robotics, according to a Monday filing with the bourse.The company filed its IPO application in March, seeking to raise up to 4.2 billion yuan for research and development of intelligent robot models and hardware, the rollout of new intelligent robot products, and the construction of a manufacturing base.

Shanghai Composite^SZSE

Asia41d ago

Muyuan Foods Chairman Retires; Successor Named

Muyuan Foods (HKG:2714; SHE:002714) said its board chairman Qin Yinglin voluntarily stepped down after reaching the mandatory retirement age, according to a Monday filing with the Hong Kong bourse.The company plans to appoint Gao Tong, who has been with the company since July 2017, as its new chairman.

HKG:2714SHE:002714

Asia41d ago

Eicher Motors' Royal Enfield Posts 15% Rise in Motorcycle Sales in May

Eicher Motors (NSE:EICHERMOT, BOM:505200) motorcycle division Royal Enfield recorded a 15% jump in its total sales volume in May to 103,231 units from 89,429 units sold a year ago, according to a Monday filing to the Indian stock exchanges.Domestic sales in May rose 24% year-on-year to 94,115 units, while exports fell 33% to 9,116 units, the filing said.

BOM:505200NSE:EICHERMOT

Asia41d ago

Beijing Capital International Airport Plans Debenture Offering

Beijing Capital International Airport (HKG:0694) said it plans to issue short-term debentures, according to a Monday filing with the Hong Kong bourse.The airport operator secured the National Association of Financial Market Institutional Investors' approval to issue short and medium-term debentures in early May.The offering will be priced at the time of issuance, the firm said.

HKG:0694

Asia41d ago

SUPCON Technology Lowers Repurchase Price Cap

SUPCON Technology (SHA:688777) adjusted its share repurchase price upper limit to 68.53 yuan from 68.81 yuan following its 2025 annual cash dividend distribution of 2.8 yuan per 10 shares.The adjustment takes effect on June 8, the ex-dividend date, according to a Tuesday filing with the Shanghai bourse.The industrial automation control products manufacturer maintains its repurchase plan of between 500 million yuan and 1 billion yuan worth of A-shares.

SHA:688777

Asia41d ago

Ricoh Acquires Global Vision Multimedia, Bolstering Asia-Pacific Workplace Services Portfolio

Ricoh (TYO:7752) and its Asia-Pacific subsidiary have closed the acquisition of Global Vision Multimedia, a specialized AV and multimedia integration firm, following strategic partnership talks that began in January.The deal accelerates the company's expansion of workplace services across the region by integrating Global Vision's end-to-end capabilities and ongoing support for multimedia products, according to a statement on Ricoh's website on Tuesday.Founded in 2016, Global Vision brings over 140 regional experts and a strong track record of serving multinational corporations and leading enterprises, with particular strength in centrally managing complex, cross-border projects.This acquisition is part of Ricoh's broader international investment strategy, joining previous purchases of AV and workplace solution firms across the United States, Europe, Latin America, and Canada.

TYO:7752

Asia41d ago

Livzon Pharmaceutical Drug Accepted for China Review

Livzon Pharmaceutical Group (HKG:1513) said Chinese regulators accepted its marketing authorization application for the lecankitug injection jointly developed with Beijing Xinkanghe Biopharmaceutical Technology, according to a Monday filing with the Hong Kong bourse.The medicine is aimed at treating adult patients with active ankylosing spondylitis, a chronic inflammatory rheumatic and immune-mediated disease.

HKG:1513

Asia41d ago

Stride Property Group Chair Resigns

Stride Property Group (NZE:SPG) said that Chair Tim Storey has resigned, effective immediately, as part of his planned retirement ahead of the upcoming annual shareholder meetings, according to a Tuesday filing with the New Zealand bourse.David Green has been appointed as independent chair of the board, effective Tuesday, the filing added.The company's shares fell 1% in recent Tuesday trade.

NZE:SPG

Asia41d ago

Australian Finance Group Launches On-Market Share Buy-Back Program; Shares Hit Near Two-Year Low

Australian Finance Group (ASX:AFG) launched an on-market share buy-back program of up to AU$15 million, according to a Tuesday filing with the Australian bourse.The company plans to start the buy-back from June 16 for up to six months, ending on Dec. 15, unless terminated or completed earlier, the filing said.The maximum number of shares that may be acquired under the buy-back is roughly 9.7 million, representing about 3.5% of the company's current issued capital, per the filing.Shares fell 5% in morning trade on Tuesday and earlier reached their lowest since July 2024.

ASX:AFG

Asia41d ago

Vector to Retain Ownership of Fibre Business Following Strategic Review

Vector (NZE:VCT) decided to retain ownership of its Fibre business following a strategic review, according to a Tuesday New Zealand bourse filing.Vector Fibre will continue delivering to its customers and pursuing growth opportunities, including through data center and 5G expansion in Auckland, the company added.The company's shares fell 1% in recent Tuesday trade.

NZE:VCT

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