Financial News · Live Terminal

Page 368 of 858

Autohome Launches Share Incentive Plan

Autohome (HKG:2518) adopted a new share incentive plan to incentivize directors, employees, and consultants, according to a Friday Hong Kong bourse filing.The online automobile platform can issue up to 31.2 million ordinary shares under the plan.

HKG:2518

Asia44d ago

HT Media to Infuse Up to INR50 Million in Subsidiary

HT Media (NSE:HTMEDIA, BOM:532662) board has approved an investment of up to 50 million Indian rupees in its wholly owned subsidiary, Mosaic Media Ventures, through subscription to equity shares, according to a Friday filing with the Indian bourses.The company plans to acquire 5 million equity shares as part of the deal. The transaction is aimed at supporting the subsidiary's financial requirements, the filing said.The investment is expected to be completed within 12 months from the date of board approval, it added.

BOM:532662NSE:HTMEDIA

Asia44d ago

Market Chatter: China-Made EVs Start Arriving in Canada Following Ottawa's Quota

China-manufactured electric vehicles have started arriving in Canada following an agreement with President Xi Jinping and Prime Minister Mark Carney, Bloomberg News reported Thursday.The deal will allow as many as 49,000 China-made EVs within 12 months at a 6% tariff rate, the report said.Before the agreement, Ottawa imposed a tariff of more than 100%, effectively equivalent to a trade ban, Bloomberg reported.(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.)

Shanghai Composite^SZSE

Asia44d ago

CSPC Pharma Unit Gets Marketing Nod for Gastroesophageal Junction Cancer Drug in China

CSPC Pharmaceutical (HKG:1093) unit Shanghai JMT-BIO Technology's Anbenitamab Injection obtained marketing authorization from China's National Medical Products Administration, according to a Friday Hong Kong bourse filing.The drug was co-developed by the subsidiary and Jiangsu Alphamab Biopharmaceuticals.The approved indication is for use of the drug in combination with chemotherapy to treat gastric or gastroesophageal junction adenocarcinoma.

HKG:1093

Asia44d ago

Piramal Finance Sets Record Date for Dividend Payment

Piramal Finance (NSE:PIRAMALFIN, BOM:544597) has fixed June 12 as record date to determine shareholders eligible to receive the final dividend of 11 rupees per share for the financial year ended March 31, according to an Indian bourse filing on Friday.Dividend payment is subject to shareholder approval, the company said in the filing.

BOM:544597NSE:PIRAMALFIN

Asia44d ago

Samkrg Pistons And Rings Names CFO

Samkrg Pistons And Rings (BOM:520075) appointed Veera Raghavaiah Panchagnula as chief financial officer of the company, effective Friday, according to a same-day filing on BSE.

BOM:520075

Asia44d ago

Kotak Securities Downgrades Siemens to Sell From Reduce; Price Target is INR2,950

Siemens (NSE:SIEMENS, BOM:500550) has an average rating of overweight and mean price target of 3,510.70 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:500550NSE:SIEMENS

Asia44d ago

Gemdale Properties Chair to Step Down

Gemdale Properties and Investment's (HKG:0535) Chairman Huang Juncan will retire by rotation effective June 29 and would like to devote more time to personal affairs, according to a Friday Hong Kong bourse filing.

HKG:0535

Asia44d ago

Sino Biopharma Unit Gets Marketing Nod for Licensed Opioid-Induced Constipation Drug in China

Sino Biopharmaceutical (HKG:1177) said Naldemedine obtained marketing approved from China's National Medical Products Administration, according to a Friday Hong Kong bourse filing.The drug, which has been exclusively licensed by unit Chia Tai Tianqing Pharmaceutical Group, got the approval for the treatment of opioid-induced constipation in adults.

HKG:1177

Asia44d ago

China New Higher Education's Entity Sells Higher Education Wing

China New Higher Education Group's (HKG:2001) affiliated entity Beijing Daai Shuren Education Consulting sold Songming Xinju Enterprise Management, according to a Friday Hong Kong bourse filing.Purchaser Guangxi Yinghua Haian Education Investment will acquire the target for 359.5 million yuan.The school operator will use proceeds as working capital.Following completion, the target firm, which is the sole shareholder of the Qinzhou Yinghua Datang Education Investment, mainly engaged in private formal higher education, will cease to be a unit of China New Higher Education.

HKG:2001

Asia44d ago

MediaTek Unit Buys Patents from LG Electronics for NT$1.60 Billion

MediaTek (TPE:2454) unit HFI Innovation has acquired a package of patents from LG Electronics (KRX:066570) for NT$1.60 billion, according to a Friday Taiwan Exchange filing.The acquisition is intended for operational use, the chipmaker said.

KRX:066570TPE:2454

Asia44d ago

Chifeng Jilong Changes Name to Chifeng Jilong Gold Mining Group

Chifeng Jilong Gold Mining changed its English name to Chifeng Jilong Gold Mining Group (SHA:600988, HKG:6693), according to a Friday Hong Kong bourse filing.The move came following the relevant shareholder and regulatory approvals.

HKG:6693SHA:600988

Asia44d ago

China Power International's April Sales Climb 4.8%

China Power International Development (HKG:2380) sold nearly 10.7 million megawatt-hours of electricity in April, up 4.8% from 10.2 million megawatt-hours a year earlier, according to a Friday Hong Kong bourse filing.Electricity sold by major associates and joint ventures totaled about 3.5 million megawatt-hours, down 2.1% from 3.5 million megawatt-hours a year earlier.For the four months ended April 31, sales slipped 2.8% to 39.8 million megawatt-hours from 41 million megawatt-hours in the year-ago period.

HKG:2380

Asia44d ago

GeoVision Names CEO

GeoVision (TPE:3356) appointed David Huang as its new chief executive officer, effective Friday, according to a same-day Taiwan Exchange filing.The company manufactures intelligent video surveillance and integrated security systems.

TPE:3356

Asia44d ago

TianYu Eco-Environment Restructures Pig Farm Deal

TianYu Eco-Environment (SHA:603717) changed its Jiangxia Pig Farm cooperation model from equity partnership to a seven-year lease at 10 million yuan annually, down from 18 million yuan in annual profit distributions.The move resolves litigation with partner Mu Yuansheng, which sued in March, according to a Friday filing with the Shanghai bourse.Under the new agreement, company subsidiary Wuhan Tianqian will pay 10 million yuan in performance deposit, with rent adjustable every three years. The lease is retroactive to Jan. 1.Shares of the pig farming company closed 1% lower Friday.

SHA:603717

Asia44d ago

Berjaya Property Unit Sheds Minority Stake in 7-Eleven Malaysia for MYR44 Million

Berjaya Property (KLSE:BPROP) said its unit Nural Enterprise sold about 1.98% equity interest in 7-Eleven Malaysia (KLSE:SEM) for about 43.9 million ringgit.The stake, comprising 21.9 million shares, was sold to Detik Ria, according to a Friday Malaysian bourse filing.Following the sale, Berjaya Property collectively holds about 70.8 million shares or 6.39% stake in 7-Eleven Malaysia.

KLSE:BPROPKLSE:SEM

Asia44d ago

Hong Kong Finance Unit Extends HK$4 Million Loan

Hong Kong Finance Group (HKG:1273) unit Hong Kong Finance Company agreed to extend a HK$4 million loan to independent third parties Sun Chit Nam, Sun Siu Kit, and Lin Xi Wen, according to a Friday filing with the Hong Kong bourse.The loan has an interest rate of 18% per annum and will fall due nine months from drawdown.A second mortgage related to two residential properties and two car parking spaces in Hong Kong worth HK$148 million was pledged as security against the loan.

HKG:1273

Asia44d ago

Daming Electronics Signs Zhejiang, China Land Transfer Deal

Daming Electronics (SHA:603376) signed land investment and transfer contracts for a new Phase II project in Yueqing City in China's Zhejiang Province.The land use term is 50 years, with a transfer price of 19.5 million yuan, according to a Friday filing with the Shanghai bourse.Shares of the automotive parts manufacturer closed 2% lower Friday.

SHA:603376

Asia44d ago

IJM Unit to Sell Property for MYR48 Million

IJM (KLSE:IJM) said its unit IJM Properties agreed to dispose of a piece of land together with a single-story building for 47.5 million ringgit.The property, located in Sabah, Malaysia, will be sold to Coupang, the asset-holding company of the Econsave Cash & Carry, according to a Friday Malaysian bourse filing.The deal is expected to close by the third quarter, the conglomerate said.Proceeds will be used to pay off expenses and boost working capital.

KLSE:IJM

Asia44d ago

Indian Equities Tumble on Friday Amid US-Iran Deal Uncertainty

Indian benchmark indices ended sharply lower on Friday after a late-session selloff erased earlier stability, as investors turned cautious amid lingering uncertainty over a potential U.S.-Iran agreement.The BSE Sensex dropped 1,092.05 points, or 1.4%, to close at 74,775.74, while the NSE Nifty 50 fell 359.40 points, or 1.5%, to settle at 23,547.75.Market sentiment weakened in the final session of trade due to aggressive profit booking ahead of the weekend. Investor caution persisted despite reports indicating that the U.S. and Iran had agreed to extend their ceasefire and reopen shipping through the Strait of Hormuz. The proposed deal is reportedly awaiting approval from U.S. President Donald Trump.In corporate developments, Solar Industries India (NSE:SOLARINDS, BOM:532725) secured export orders worth 10.8 billion rupees from international clients for the supply of defense products over a three-year period.Steel Strips Wheels (NSE:SSWL, BOM:513262) reported fiscal fourth-quarter consolidated profit of 608.5 million rupees, compared with 606.6 million rupees a year earlier. Revenue from operations declined to 11.7 billion rupees from 12.3 billion rupees.

^BSENifty 50BOM:513262BOM:532725NSE:SOLARINDSNSE:SSWL

Showing 7341-7360 of 17150