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Aidea Pharma Obtains Regulatory Nod for HIV Drug Raw Material

China's drug regulator approved Jiangsu Aidea Pharmaceutical's (SHA:688488) chemical raw material application for its darunavir drug, according to a Monday filing with the Shanghai bourse.The drug is indicated for HIV-infected patients, the company said.

SHA:688488

Asia46d ago

S&P Withdraws Bank of East Asia Medium-Term Note Program's Ratings

S&P Global Ratings has withdrawn its A- long-term and A-2 short-term issue ratings on The Bank of East Asia's (HKG:0023) $2 billion multi-currency medium-term note program, according to a recent release.The issuer, through its Singapore branch, requested the withdrawal, according to S&P.The MTN program rating's retirement does not impact the bank's issuer credit ratings, S&P said.

HKG:0023

Asia46d ago

Market Chatter: Huawei to Start Manufacturing 1.4-NM Chips by 2031 in Race with TSMC

Huawei will start manufacturing its 1.4-nanometer chips by 2031, helping shorten its gap with industry leader Taiwan Semiconductor Manufacturing (TPE:2330), Bloomberg reported Monday.The Chinese technology company, together with partner Semiconductor Manufacturing International (HKG:0981, SHA:688981), will start making the chips by 2031 using its "LogicFolding" technology, the report said, citing Huawei's semiconductor chief He Tingbo.Huawei will first apply the "LogicFolding" technology on its Kirin chips, set for launch this fall, Bloomberg reported.TSMC will begin mass-producing the same product in 2028, Bloomberg said."This year we have prepared a surprise for the whole industry. Not saturation, not continuation, but a big leap ahead," Bloomberg quoted He Tingbo as saying.(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:0981SHA:688981TPE:2330

Asia46d ago

Bio-Sincerity Pharma-Tech Shares Halt Trading

Hangzhou Bio-Sincerity Pharma-Tech (SHE:301096) shares on Monday suspended trading amid a potential change of company control.Controlling shareholders and actual controllers, Shao Chunneng and Lou Jinfang, are planning a matter involving a change of control of the company, according to a Monday filing with the Shenzhen bourse.The suspension is up to two days.

SHE:301096

Asia46d ago

Warrant Pharmaceutical's Subsidiary Passes GMP Inspection

Hunan Warrant Pharmaceutical's (SHA:688799) subsidiary, Hunan Huana Chiral Drugs, secured a good manufacturing practice or GMP certificate for its facilities for two drugs, according to a Shanghai bourse filing on Saturday.The pharmaceutical company's shares slipped 1% at the close of Monday's trade.The Hunan Warrant Pharmaceutical Chiral Drugs found that the facilities producing norepinephrine bitartrate and isoproterenol hydrochloride passed its GMP inspection.

SHA:688799

Asia46d ago

Eurospan Meets Bursa Public Spread Requirement After Stake Adjustment

Eurospan (KLSE:EUROSP) has now complied with Bursa Malaysia's public shareholding spread requirement following a change in holdings by major shareholder EC Synergy (M), according to a Friday Malaysian bourse filing.Shares gained over 2% in Monday's midday trade.The company, which previously fell short of the required minimum threshold of 25%, said its public spread rose to 25.57% as of May 21 from 15.89%, according to the latest depositor records.

KLSE:EUROSP

Asia46d ago

Sizable Fiscal Support for SOEs Exposes Some Asia-Pacific Sovereigns, Fitch Says

Certain Asia-Pacific sovereigns could face constraints as they increase government fiscal support especially for state-owned entities, Fitch Ratings said in a recent release.Governments with higher government debt-to-GDP ratios compared to peer medians are especially vulnerable, Fitch said.Sovereigns carry out this support through capital additions or subsidies to state-owned enterprises (SOEs), the rating agency said.Many sovereigns in the region play a major role in fostering economic growth, but the levels of support, as seen in the share of combined SEO debt relative to GDP, also vary, the rating agency said.Meanwhile, some advanced economies have high SOE debt partly due to increased transparency in data reporting, according to Fitch.

ASX 200Hang SengNikkei 225Shanghai Composite^SZSE

Asia46d ago

Warrant Pharmaceutical Gets Nod for Beraprost Sodium Tablets

Hunan Warrant Pharmaceutical (SHA:688799) received approval from China's National Medical Products Administration for beraprost sodium tablets, according to a Shanghai bourse filing on Saturday.The pharmaceutical company's shares slipped 1% at the close of Monday's trade.The drug is used to improve symptoms such as ulcers, intermittent claudication, pain, and cold sensation caused by chronic arterial occlusive diseases.

SHA:688799

Asia46d ago

QES, Ray Tech to Cooperate on ASEAN Distribution, X-Ray Inspection Technology Development ; Shares Drop 4%

QES Group (KLSE:QES) unit QES Mechatronic signed a memorandum of understanding with Unicomp Technology's (SHA:688531) unit Ray Tech Singapore, to explore cooperation in semiconductor inspection equipment, according to a Friday Malaysian bourse filing.QES' shares fell about 4% in Monday's midday trade.The collaboration covers ASEAN distribution, manufacturing optimisation for inspection systems, and the use of Unicomp's global demonstration centres to support market development and technology showcasing.Both parties will also explore next-generation X-ray inspection technologies, with intellectual property arrangements, along with a joint coordination mechanism to monitor progress.The arrangement is non-binding and has a three-year term, it said.

KLSE:QESSHA:688531

Asia46d ago

Chinese Stocks Rise Over Government Crackdown on Illicit Overseas Securities Activities, Probe on Liushenyu Mine Blast

Chinese shares started the week strong, closing Monday with gains after the government announced a crackdown on illicit cross-border securities activities and a probe into one of China's deadliest mining accidents last week.The Shanghai Composite Index added 1%, or 39.67 points, to close Monday's trade at 4,152.57. The Shenzhen Component Index climbed 1.7%, or 259.31 points, to 15,856.61.The equities of some Chinese brokerages rose amid the China Securities Regulatory Commission's crack down on overseas brokers that are conducting cross-border business operations without the regulator's approval.The Shanghai stocks of CITIC Securities' (SHA:600030, HKG:6030) and Guotai Haitong Securities (SHA:601211, HKG:2611) rose 1.2% and and 0.8%, respectively.Equities, especially coal stocks, were lifted after the government announced a probe into the gas explosion at Shanxi Tongzhou Group's Liushenyu coal mine.In corporate news, Tianshui Huatian Technology (SHE:002185) jumped 10% amid plans to construct an integrated circuit industrial base for 3 billion yuan.Cambricon Technologies (SHA:688256) climbed 9.4% after the board of directors' approval of a 12-billion-yuan comprehensive credit line for the chipmaker.Wingtech (SHA:600745) inched 5% higher after suing its subsidiary, Nexperia, as it sought up to 8 billion yuan in damages while demanding to regain control of the Dutch subsidiary.

Shanghai Composite^SZSEHKG:2611HKG:6030SHA:600030SHA:600745SHA:601211SHA:688256SHE:002185

Asia46d ago

Sidh Automobiles Appoints CFO

Auto finance company Sidh Automobiles (BOM:539983) has appointed Shahabaz Nisar Ahmed Shaikh as the managing director and chief financial officer, effective Monday, according to a same-day filing to the Indian stock exchanges.

BOM:539983

Asia46d ago

Market Chatter: Malaysia's Energy Supply Stable, But Trade Faces Pressure as Shipping Costs Surge

Malaysia's energy reserves will last through the end of July despite disruptions tied to the Iran conflict, Reuters reported Monday, citing Economy Minister Akmal Nasir.However, Akmal warned that external pressures are mounting on trade flows, with freight costs to the Middle East jumping 50% to 80% and war-related insurance premiums also edging higher, according to the report.These cost pressures are now filtering into key export sectors, with Malaysia's commodities industry already under pressure as output value fell 14.7% in the first quarter amid weaker shipments of palm oil, rubber, cocoa and timber, Akmal reportedly said during a regular briefing.(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.)

FTSE Bursa Malaysia KLCI

Asia46d ago

Mayinglong Pharmaceutical Gets Regulatory Approval for Eye Drops

Mayinglong Pharmaceutical (SHA:600993) obtained drug registration from China's medical products regulator for its bromfenac sodium eye drops, valid until May 2031.The drug treats inflammatory conditions including conjunctivitis and postoperative inflammation, according to a weekend filing with the Shanghai bourse.Shares of the pharmaceutical company closed 1% lower Monday.

SHA:600993

Asia46d ago

Zaggle Prepaid Ocean Services CTO Resigns

Zaggle Prepaid Ocean Services (NSE:ZAGGLE, BOM:543985) said that Chief Technology Officer Srikanth Gaddam has resigned, citing personal reasons, according to an Indian bourse filing on Saturday.Shares of the company fell nearly 1% in Monday's trade.The resignation will be effective May 27, the filing said.

BOM:543985NSE:ZAGGLE

Asia46d ago

North China Pharma Gets China Nod for Kidney Anemia Drug

North China Pharmaceutical (SHA:600812) obtained drug registration from China's medical products regulator for its roxadustat tablets.The drug is used to treat renal anemia caused by chronic kidney disease, according to a weekend filing with the Shanghai bourse.Shares of the pharmaceutical company closed 1% lower Monday.

SHA:600812

Asia46d ago

Blue Jet Healthcare's Consolidated Profit Slips in Fiscal Q4; Shares Up 9%

Blue Jet Healthcare's (NSE:BLUEJET, BOM:544009) consolidated profit declined to 643.4 million Indian rupees in the fiscal fourth quarter ended March 31, from 1.10 billion rupees a year ago.Earnings per share contracted to 3.71 rupees from 6.35 rupees a year earlier, the pharmaceutical company said in a filing to the Indian stock exchanges on Monday.Revenue from operations in fiscal Q4 also fell to 2.35 billion rupees from 3.40 billion rupees a year ago.The company's board recommended a final dividend of 1.2 rupees per equity share of the face value of 2 rupees each for the financial year ended March 31.The company's shares were up over 9% in recent trade.

BOM:544009NSE:BLUEJET

Asia46d ago

Market Chatter: China Expediting Proposals of New Coal-Fired Power Plants in Q1

Chinese companies are fast-tracking the pace of proposing new coal-fired power plants, seeking approval for up to 51 gigawatts of new plants in the first quarter despite government resistance, Bloomberg reported Monday, citing Global Energy Monitor.The figure outpaced the 162 gigawatts of new proposals for the whole of 2025, the report said.Power plant construction expanded as Beijing touted the role of coal as a backup for intermittent renewable energy sources, the report said.(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

Asia46d ago

Yunnan Copper Raises 500 Million Yuan Via Bond Issue

Yunnan Copper (SHE:000878) raised 500 million yuan via the issue of bonds due May 2029.The three-year bonds hold an interest rate of 1.75%, according to a weekend filing with the Shenzhen bourse.Shanghai Pudong Development Bank served as lead underwriter, while China Everbright Bank was joint lead underwriter:Shares of the copper producer closed 1% higher Monday.

SHE:000878

Asia46d ago

Accord Transformer Secures Multiple Supply Orders Worth Over INR5 Million; Shares Jump 7%

Accord Transformer & Switchgear (BOM:544710) received multiple supply orders worth about 5.4 million Indian rupees between May 20 and May 23, according to an Indian bourse filing on Saturday.Shares of the company jumped over 7% in Monday's trade.The company received an order worth 3.2 million rupees for supply of a 2,500 kVA, 11kV/433V, three-phase transformer, the filing said. The project is scheduled to be completed in about three months, it added.Additionally, the company secured an order worth 2.2 million rupees for supply of an 1,800 kVA inverter duty transformer, according to the filing. This order is expected to be completed within one month, the filing said.

BOM:544710

Asia46d ago

XCMG Construction Machinery Targets 100 Billion Yuan in Overseas Sale

XCMG Construction Machinery (SHE:000425) Chair Yang Dongsheng said the company aims to hit 100 billion yuan in annual overseas sales by pivoting to greener, more automated excavators, cranes and specialized vehicles, The South China Morning Post reported Monday.The construction machinery maker posted 102 billion yuan in total 2024 revenue, according to the report.In 2025, about 48% of XCMG Construction Machinery's sales were already from over 100 markets outside mainland China, the SCMP wrote.Shares of the company rose 1% Monday.

SHE:000425

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