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HealthCare Global Launches New Cancer Hospital in North Bangalore

HealthCare Global Enterprises (NSE:HCG, BOM:539787) has launched a new cancer hospital with up to 132 beds in North Bangalore, India, according to a filing to the Indian stock exchanges.The HCG Cancer Hospital was set up with an investment of 1.29 billion Indian rupees, the filing stated.

BOM:539787NSE:HCG

Asia50d ago

Market Chatter: Japan and South Korea to Agree on Joint Oil Reserve Framework

Japanese Prime Minister Sanae Takaichi and South Korean President Lee Jae Myung will discuss at their summit to set up a joint crude oil procurement framework, including a shared reserve, Nikkei Asia reported Tuesday.Takaichi's two-day South Korea visit is part of ongoing shuttle diplomacy, with the Middle East situation likely topping the leaders' agenda, the news agency said.The joint reserve initiative will fall under the POWERR Asia framework, an energy cooperation scheme with Southeast Asia that Takaichi announced in April, designed to help develop petroleum supply systems in countries with limited reserves, the publication 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.)

Nikkei 225

Asia50d ago

Royal Orchid Opens New Hotel in Hyderabad, India

Royal Orchid Hotels (NSE:ROHLTD, BOM:532699) has launched a new hotel, Regenta Place, in HiTech City in Hyderabad, India, according to a Tuesday filing to the Indian stock exchanges.The new property has 74 rooms, including two suites, six executive rooms, and 66 business rooms.Regenta Place Hi-Tech City, Hyderabad, is aimed at both business and leisure travelers.The company's shares were down over 1% in recent trade.

BOM:532699NSE:ROHLTD

Asia50d ago

Market Chatter: Nintendo Shares Jump as AI Valuation Worries Drive Investors to Alternatives

Nintendo (TYO:7974) experienced its largest stock gain in two months on Tuesday, climbing as much as 6.8% in Tokyo for a third consecutive day of increase, Bloomberg News reported Tuesday.The rally extended to other Japanese gaming companies, with Bandai Namco (TYO:7832) and Konami (TYO:9766) both rising more than 9% on the same day, as concerns over excessive valuations in the artificial intelligence sector prompted investors to seek cheaper alternatives elsewhere, the news wire reported.The rebound follows months of challenges for the sector, including a memory chip shortage that raised worries about potential harm to hardware sales, the report said.Japan remains a hub of valuable intellectual property in gaming, led by Nintendo's popular franchises, with rival Sony (TYO:6758) recently shifting its strategy toward leveraging IP across music, film, and other entertainment formats, 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.)

TYO:6758TYO:7832TYO:7974TYO:9766

Asia50d ago

Hong Kong Stocks Rebound; HSBC Rises

Hong Kong shares rebounded on Tuesday as investors followed updates in the Middle East and Russian President Vladimir Putin's visit to China.The Hang Seng Index rose by 122.67 points, or 0.5%, to end at 25,797.85. The Hang Seng China Enterprises Index increased by 93.06 points, or 0.5%, to 8,639.96.U.S. President Donald Trump said that there was now a "very good chance" of reaching a nuclear deal with Iran as Tehran sent a peace proposal to Washington, sending oil prices lower, Reuters reported.Meanwhile, Putin will be in China from Tuesday to Wednesday for talks with Xi Jinping on economic cooperation and regional issues. Presidential aide Yuri Ushakov stated the trip is unrelated to Trump, Associated Press reported.In corporate news, shares of HSBC (HKG:0005) closed nearly 2% higher after the lender issued $1.50 billion of 6.750% perpetual convertible securities.

Hang SengHKG:0005

Asia50d ago

Zhejiang Garden Biopharma Gets Registration Certificate for Ezetimibe and Atorvastatin Calcium Tablets

Zhejiang Garden Biopharmaceutical (SHE:300401) received a drug registration certificate from China's National Medical Products Administration for its ezetimibe and atorvastatin calcium tablets, according to a Shenzhen bourse filing on Tuesday.The drug is used as a treatment for hypercholesterolemia and homozygous familial hypercholesterolemia.The approval is valid until May 11, 2031.

SHE:300401

Asia50d ago

Market Chatter: Philippines' President Orders 10% Reduction in Government Expenses

Philippines' President Ferdinand Marcos has ordered government agencies to cut operating and maintenance spending by at least 10%, equivalent to roughly $4.8 billion, amid surging energy costs, Nikkei Asian Review reported, citing his address to Japanese media ahead of Tokyo visit.Marcos warned of stagflation risks, saying the government was trying to contain slowing growth, rising inflation and unemployment pressures. The Philippines, heavily reliant on imported fuel and lacking broad energy subsidies, has been among the region's hardest hit by disruptions around the Strait of Hormuz. GDP growth slowed to 2.8% in the first quarter while inflation accelerated to 7.2% in April, the report said.The administration has declared an energy emergency, rolled out transport subsidies and sought to cap food prices, though producers are now seeking price increases, the Nikkei 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.)

^PSEI

Asia50d ago

Newland Pharmaceutical Gets Registration Certificate for Moxifloxacin Hydrochloride Tablets

Newland Pharmaceutical (SHE:301277) received a drug registration certificate from China's National Medical Products Administration for its moxifloxacin hydrochloride tablets, according to a Shenzhen bourse filing on Monday.The pharmaceutical company's shares rose by less than 2% at the close of Monday's trade.The drug is used to treat infections caused by susceptible bacteria, such as acute bacterial sinusitis, pneumonia, chronic bronchitis, and skin infections.The certificate is valid until May 11, 2031.

SHE:301277

Asia50d ago

Dhanuka Agritech's Profit Rises in Fiscal Q4; Shares Jump 14%

Dhanuka Agritech's (NSE:DHANUKA, BOM:507717) profit rose to 977.7 million Indian rupees in the fiscal fourth quarter ended March 31, from 755.0 million rupees a year ago.Earnings per share grew to 21.69 rupees from 16.74 rupees a year earlier, the agrichemicals company said in a filing to the Indian stock exchanges.Revenue from operations in fiscal Q4 also increased to 4.83 billion rupees from 4.42 billion rupees a year ago.The company's board recommended a final dividend of 2 rupees per equity share with a face value of 2 rupees per share for the financial year 2025-26.The company's shares shot up over 14% in recent trade.

BOM:507717NSE:DHANUKA

Asia50d ago

Bromake New Material Names Chief Financial Officer

Shenzhen Bromake New Material (SHE:301387) appointed Zheng Pengfei chief financial officer, according to a Shenzhen bourse filing on Monday.Shares of the Chinese producer of consumer electronics protection products jumped over 11% at the close of Monday's trade.Zheng will take over from Ma Ying, who resigned due to personal reasons.

SHE:301387

Asia50d ago

Market Chatter: Indonesia to Stabilize Rupiah Through Daily 2 Trillion Rupiah Injection

The Indonesian government is planning to help support the rupiah by investing 2 trillion rupiah a day into the domestic bond market, the Jakarta Globe reported Monday, citing Finance Minister Purbaya Yudho Sadewa.The injections will be funded through cash management by the government rather than new budget allocations, Purbaya reportedly said after a limited cabinet meeting with President Prabowo Subianto at the State Palace in Jakarta.The government has up to 420 trillion rupiah available to pump into the bond market and believes the interventions will help the currency stabilize this week, Purbaya added.The move will help maintain bond prices in Indonesia and prevent foreign investors from moving funds overseas, the report said, citing Purbaya.A wider strategy to strengthen the rupiah is also expected to be present by President Prabowo before the House of Representatives soon.(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.)

^JKSE

Asia50d ago

Jiangsu Safety Group Plans 510-Million-Yuan Anhui Specialty Rope Base

Jiangsu Safety Group (SHA:603028) unit Anhui Safety Steel Cable Technology will invest 510 million yuan to build a high-end specialty rope research and development and intelligent manufacturing base in Anhui, China.The project will have an annual capacity of 100,000 tons of high-end ropes for mining, marine engineering, construction machinery, and ports. It includes an R&D center focused on long-life, corrosion-resistant, high-tonnage technologies.Construction is expected to take two years, with maximum capacity four years thereafter.

SHA:603028

Asia50d ago

Hifuture IT's Unit to Sign Trademark Deal With Related Company

Chongqing Hifuture Information Technology's (SHE:002168) unit, Ruien Xincheng (Chongqing) Pharmaceutical, plans to sign a registered trademark license agreement with related party, Zein Biotechnology, according to a Shenzhen bourse filing on Tuesday.Zhien Biotechnology will allow Ruien to use its Aili, Sailexi, and Saipeitong trademarks.

SHE:002168

Asia50d ago

Voyah Automotive's Hong Kong-Listed Share Full Circulation Application Accepted

Voyah Automotive Technology's (HKG:7489) filing application for its Hong Kong-listed share full circulation was accepted by the China Securities Regulatory Commission (CSRC), according to a Monday Hong Kong bourse filing.Shares of the automaker were down nearly 1% in Tuesday afternoon trading.The firm has applied for the conversion of nearly 1.51 billion domestic shares held by the certain shareholders into Hong Kong-listed shares.Following completion, the converted shares will be eligible for listing and trading on the Hong Kong bourse.

HKG:7489

Asia50d ago

Suning.com to Divest Dutch Traditional Hypermarket Subsidiary

Suning.com (SHE:002024), through unit Suning International Group, plans to divest the entire holdings in its subsidiary, Cacious China, according to a Tuesday disclosure on the Shenzhen bourse.The Netherlands-based traditional hypermarket, formerly Carrefour China Holdings, will be listed through a property rights exchange with a minimum listing price of 1 yuan.The Chinese retailer's shares rose by less than 2% at the close.

SHE:002024

Asia50d ago

Zhonghua Geotechnical Engineering to Offload Engineering Services Arm

China Zhonghua Geotechnical Engineering (SHE:002542) plans to fully offload its engineering services subsidiary, Beijing Zhongyan Engineering Management, according to a Shenzhen bourse filing on Tuesday.Beijing Zhongyan's equities will be sold through the Southwest United Equity Exchange, with an initial listing price of 5.3 million yuan.The engineering services provider's shares rose 2% at the close.

SHE:002542

Asia50d ago

Daming Electronics to Invest Up to 300 Million Yuan for Electronic, Electrical Control Products

Daming Electronics (SHA:603376) will invest up to 300 million yuan to construct a production facility for intelligent electronic and electrical control assembly series products for automotive bodies, according to a Tuesday disclosure to the Shanghai bourse.The facility will produce up to 16 million sets of intelligent electronic and electrical control assembly series products for automotive bodies and 100,000 units of intelligent on-board charger DC-to-DC converter assembly products, the filing said.

SHA:603376

Asia50d ago

Members Co's Attributable Profit Zooms 247% in Fiscal Year Ended March 31

Members Co's (TYO:2130) attributable profit to owners of parent surged 247% in the fiscal year ended March 31 to 1.21 billion yen from 349 million yen a year earlier, according to a Tuesday filing with the Tokyo Exchange.Diluted earnings per share came in at 94.64 yen compared with 27.38 yen in the year-ago period.Revenue jumped 9.4% year over year to 24.4 billion yen from 22.3 billion yen.The digital marketing company projected basic earnings per share of 135.79 yen, attributable profit of 1.74 billion yen and revenue of 26.87 billion yen for the fiscal year ended March 31, 2027.

TYO:2130

Asia50d ago

Waaree Renewable Technologies Wins EPC Contract for Battery Energy Storage System Project

Waaree Renewable Technologies (BOM:534618, NSE:WAAREERTL) signed a turnkey engineering, procurement and construction contract for a 350 MW/1400 MWh battery energy storage system project, according to an Indian bourse filing on Monday.Shares of the company rose nearly 2% in Tuesday's trade.The contract, awarded by Waaree Forever Energies, includes two years of operation and maintenance services, the filing said.The project is scheduled for completion in the fiscal year ending March 31, 2027, it added.

BOM:534618NSE:WAAREERTL

Asia50d ago

QingSong Health Names CFO

QingSong Health (HKG:2661) named You Mucong as its CFO, effective Monday, according to a same-day Hong Kong bourse filing.Shares of the telehealth company were down 2% in Tuesday afternoon trading.You has served as the founding partner of J&R Capital since January 2021 and established the integrated platform Select Health.

HKG:2661

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