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InnoCare Pharma to Vest Over 2.4 Million Shares for 74 Employees

InnoCare Pharma (SHA:688428, HKG:9969) approved the vesting of shares under a stock incentive plan and the cancellation of granted but unvested shares, according to a Tuesday filing with the Shanghai bourse.The company will vest more than 2.4 million restricted shares granted to 74 recipients.InnoCare will cancel 157,000 shares that are granted but unvested, as the four recipients have departed InnoCare, and cancel 167,000 restricted shares.

HKG:9969SHA:688428

Asia45d ago

Soyea Technology Unit to Manage West Lake Software Park in 13.2-Million-Yuan Deal

Soyea Technology (SHE:000909) subsidiary Eastern Software plans to sign a five-year contract to provide investment, operation and property management services for the West Lake Soyea software park project in Zhejiang, China.The 13.2-million-yuan contract was signed with Park Development Co., a wholly-owned subsidiary of controlling shareholder West Lake Electronics Group, according to a Tuesday filing with the Shenzhen bourse.Shares of the real estate company closed 2% lower Tuesday.

SHE:000909

Asia45d ago

Mary Chia Flags Net Loss in Fiscal 2026

Mary Chia (SGX:5OX) expects to book a net loss for the fiscal year ended March 31, compared to net profit a year earlier, according to a Tuesday bourse filing.The wellness company attributed the expected loss to lower revenue contribution and higher operating and fulfilment related costs from Taiwan operations, higher depreciation of right-of-use assets, and higher finance costs stemming from increased borrowings.The company will release its financials on or before May 29.

SGX:5OX

Asia45d ago

Powermatic Data Systems' Attributable Profit Increases Fiscal H2

Powermatic Data Systems' (SGX:BCY) attributable profit to owners jumped in the fiscal second half ended March 31 to SG$11.6 million from SG$2.2 million a year earlier, according to a Tuesday bourse filing.Earnings per share came in at SG$0.3296 compared with SG$0.0626 in the year-ago period.Revenue surged year over year to SG$22.3 million from SG$6.9 million, backed by strong performances from the property development segment.The designer and manufacturer of wireless connectivity devices declared a final dividend of SG$0.04 per share and a special dividend of SG$0.0015 per share.

SGX:BCY

Asia45d ago

China International Suffers Legal Setback Over Construction Debt

China International's (SGX:BEH) subsidiaries, Group, namely CIHL (Tianjin) City Development and Yichang Zhongjia Xinye Asset Management, received a first-instance judgment from the Yilin District Court of Yichang City, according to a Tuesday bourse filing.Based on the hearing, the two companies have been ordered to bear joint liability for debts owed to Hunan Construction Engineering of up to 11 million yuan and 739,074 yuan respectively.The company had already made provisions in its accounts and added that there will be no impact on its financial performance due to the verdict.

SGX:BEH

Asia45d ago

Buchang Pharma Subsidiary Adds Health Food to Business Scope

Shandong Buchang Pharmaceuticals (SHA:603858) subsidiary Shandong Buchang Qihang Pharmaceutical Sales added pre-packaged health food sales to its business scope.The change was made due to operational and management needs, according to a Tuesday filing with the Shanghai bourse.

SHA:603858

Asia45d ago

Asiatic Group Swings to Loss in Fiscal Q4

Asiatic Group (SGX:5CR) posted a loss attributable to equity holders of SG$25.7 million in the fiscal fourth quarter, compared with an attributable profit of SG$939,000 a year earlier, according to a Tuesday filing with the Singapore bourse.Loss per share came in at SG$0.0078 in the quarter ended March 31, versus earnings per share of 0.0003 a year earlier.The engineering management specialist's revenue slid 15% year over year to SG$6, the filing said.

SGX:5CR

Asia45d ago

Keppel Repurchases Shares Worth SG$3.3 Million

Keppel (SGX:BN4) bought back 300,000 shares in the open market on Tuesday for about SG$3.3 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased nearly 7.3 million shares under its existing buyback mandate.

SGX:BN4

Asia45d ago

Elin Electronics Reports Fire at Ghaziabad Plant in Uttar Pradesh, India

Elin Electronics (NSE:ELIN, BOM:543725) said a fire incident occurred at its manufacturing facility in Ghaziabad, Uttar Pradesh on May 25, according to an Indian bourse filing on Tuesday.The company said the fire was timely controlled and no casualties or injuries were reported. A portion of the affected area will remain temporarily shut, while operations at the rest of the plant continue, it added.Shares of the company fell nearly 2% in recent trade.

BOM:543725NSE:ELIN

Asia45d ago

The Kansai Electric Power to Transfer MOACT App Business to New Subsidiary via Company Split

The Kansai Electric Power (TYO:9503) has agreed to resolved to transfer its behavioural change application MOACT business to a newly established wholly owned subsidiary, MOACT Inc, via a simplified incorporation-type company split.The move was approved on May 26 and scheduled for completion on July 1, according to a Tokyo bourse filing.Under the split, the new company will issue 100 shares of common stock, all to be allotted to Kansai Electric, and will succeed assets worth 279 million yen and liabilities of 54 million yen related to the MOACT business as of April 30.The MOACT business generated net sales of 15 million yen for the fiscal year ended March.

TYO:9503

Asia45d ago

Tongrentang's Cachet Pharmaceutical Takeover Clears Antitrust Review

Cachet Pharmaceutical (SHE:002462) said China's State Administration for Market Regulation has approved Beijing Tongrentang's (SHA:600085) acquisition of a 28.48% stake in the company, clearing the anti-monopoly review.Upon completion, Tongrentang Group will become Cachet Pharmaceutical's controlling shareholder, according to a Tuesday filing with the Shenzhen bourse.The deal involves the transfer of 83.1 million shares from China Everbright Medical and Everbright Industrial.

SHA:600085SHE:002462

Asia45d ago

Henlius Biotech Doses First Patient in Lung Cancer Drug Study

Shanghai Henlius Biotech (HKG:2696) dosed the first patient in a phase 2/3 trial studying pimurutamab HLX07 in combination with Hansizhuang and chemotherapy in the Chinese Mainland, according to a Tuesday filing with the Hong Kong bourse.The drug in this combination is being compared to a placebo in combination with Hansizhuang or pembrolizumab and chemotherapy for the first-line treatment of advanced squamous non-small cell lung cancer.

HKG:2696

Asia45d ago

Jubilant Ingrevia Declares Final Dividend

Jubilant Ingrevia (NSE:JUBLINGREA, BOM:543271) recommended a final dividend of 2.50 rupees per share for the financial year ended March 31, according to an Indian bourse filing on Tuesday.If approved, the dividend will be paid to shareholders of record on July 24, the filing said.

BOM:543271NSE:JUBLINGREA

Asia45d ago

Ruili Komi Automotive Electronics Invests 20 Million Yuan in New Energy Vehicle Fund

Guangzhou Ruili Komi Automotive Electronics (SHE:001285) will contribute 20 million yuan to a 1.16-billion-yuan fund focused on new energy vehicles and advanced manufacturing.The investment gives the company a 1.7% stake in the Ningbo Yongyuan Junsheng fund, according to a Tuesday filing with the Shenzhen bourse.

SHE:001285

Asia45d ago

Responsive Industries Names Chairperson

Responsive Industries (NSE:RESPONIND, BOM:505509) has appointed Aayush Agarwal as non-executive non-independent director and chairperson of the company, subject to shareholder approval, according to an Indian bourse filing on Tuesday.

BOM:505509NSE:RESPONIND

Asia45d ago

Hong Kong's Northern Metropolis Tech Hub to Expand Government-Related Entities' Roles, S&P Says

Hong Kong's Northern Metropolis tech hub could usher in transformation within its traditionally conservative government-related entities (GREs), S&P Global Ratings said in a Tuesday release.The GRE sector will expand in size and number, pushing for greater debt and leverage at the same time, S&P said.The tech hub will be Hong Kong's largest investment project to date, with a price tag of HK$360 billion, S&P said.GREs will contribute about HK$140 billion in the hub, potentially raising debt and equity funding in capital markets to reach the amount, according to S&P.The approach could lead to private investment and create a credit multiplier, S&P credit analyst Ricky Tsang said.S&P expects GREs to lead several major projects as Hong Kong increases its focus on its linkages to the Greater Bay Area's tech value chains.Hong Kong's sector support will anchor credit strength even under weaker financial performances from the GREs in the investment phase, S&P said.

Hang Seng

Asia45d ago

OxPay Financial Extends Long-Stop Date for Convertible Loan Deal

OxPay Financial (SGX:TVV) has agreed to extend the long-stop date for its previously disclosed convertible loan agreement of a principal amount of up to SG$2.5 million, according to a Tuesday filing with the Singapore Exchange.The extended deadline gives the financial services firm more time to get the required approvals, the filing said.The company had signed a deal last month with Oxley Capital Management to acquire to acquire the loan.

SGX:TVV

Asia45d ago

ITCONS E-Solutions Wins INR34 Million Staffing Contract from Delhi Police

ITCONS E-Solutions (BOM:543806) has secured a contract worth 33.7 million Indian rupees from the Additional Commissioner of Police, Provisioning & Logistics, Delhi, India, according to an Indian bourse filing on Tuesday.Under the contract, the company will provide 103 resources for one year. The contract will begin on June 1, 2026 and run through May 31, 2027, the filing said.Shares of the company fell nearly 1% in recent trade.

BOM:543806

Asia45d ago

Baker Technology Buys Back Shares

Baker Technology (SGX:BTP) bought back 10,000 shares in the open market on Tuesday for SG$4,963 or SG$0.495 apiece, according to a same-day filing with the Singapore Exchange.The technology company has bought back 329,700 shares from its existing buyback mandate.

SGX:BTP

Asia45d ago

Market Chatter: Mitsubishi UFJ Mulls Stake Sale or Privatization Options for Bank Danamon Indonesia

Mitsubishi UFJ Financial Group (TYO:8306) is assessing various strategic options for Bank Danamon Indonesia, which could involve taking the lender private or divesting part of its holding to meet public ownership requirements, Bloomberg News reported on Tuesday.The Japanese banking giant has engaged a financial adviser to assist with the planning process, though no final decision has been made and a deal may not materialize, the news wire said.A representative for MUFG declined to comment to the news outlet, while Danamon said it is reviewing recent regulatory changes and will take appropriate steps to remain compliant.The development followed the new Indonesian rules introduced earlier this year, which required listed companies to raise their public floats within three years, the news outlet reported.MUFG currently holds approximately 92.5% of Danamon, which has a market capitalzation of 47 trillion rupiah, the report said.MUFG did not immediately respond to' queries 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.)

TYO:8306

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