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Shanghai Serum Bio-Technology Gets China Approval for Anti-Bee Venom Serum Trial

Shanghai Serum Bio-Technology (SHA:688163) obtained China's regulatory approval to start clinical trials for its anti-bee venom serum.The serum aims to treat patients with severe bee sting poisoning, according to a Friday filing with the Shanghai bourse.Shares of the antiserum and antitoxin products manufacturer closed 3% higher Friday.

SHA:688163

Asia57d ago

StanChart Buys Back Shares

Standard Chartered (HKG:2888) repurchased 770,000 shares on Thursday at an average price of 19.06 pounds sterling apiece, the bank said in a Hong Kong bourse filing Friday.The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.

HKG:2888

Asia57d ago

Hong Kong Stocks End Week in Red; Robotphoenix Files for HK$750 Million IPO

Hong Kong shares fell Friday as renewed clashes between the U.S. and Iran weighed on investor sentiment.The Hang Seng Index fell by around 232.57 points, or roughly 0.9%, to end at 26,393.71, while the Hang Seng China Enterprises Index decreased by 30.41 points, or around 0.3%, to close at 8,889.07.Both Iran and the U.S. traded blows with each other, with Tehran claiming U.S. forces targeted civilian areas, while the U.S. said its forces hit Iranian military facilities that attacked its warships in the Strait of Hormuz.Despite the tensions, U.S. President Donald Trump said a ceasefire with Iran remains in effect. However, the U.S. president warned Tehran of stronger military action if it fails to quickly reach a deal.In corporate news, Robotphoenix Intelligent Technology (HKG:6871) launched its Hong Kong initial public offering to raise up to HK$750.3 million.The China-based industrial robotics maker is offering 24.6 million H-shares at HK$30.50 per share to raise funds to develop its robotics technology and expand its business.

Hang SengHKG:6871

Asia57d ago

Nippon Aqua Sees Stable Operations Despite Middle East Supply Risks

Nippon Aqua (TYO:1429) said Middle East tensions and tighter urethane supply conditions have not materially affected its operations or earnings and are instead driving new business opportunities, according to a Friday filing on the Tokyo Stock Exchange.The company's diversified procurement network, direct sourcing from overseas suppliers and inventory base across 26 locations in Japan have helped maintain stable raw material supplies despite rising prices and industry shortages, it said.Inquiries for contractor changes and shifts from board insulation to on-site foamed urethane insulation are increasing, alongside stronger demand for raw material supply in large industrial projects, Nippon Aqua said.The company will continue strengthening procurement, logistics and installation capacity while monitoring developments in the Middle East and raw material markets, it said.

TYO:1429

Asia57d ago

YG Entertainment's Net Income Declines 8% in Q1

YG Entertainment (KOSDAQ:122870) posted first-quarter net income attributable to shareholders of 4.78 billion won, down 7.7% from 5.18 billion won a year earlier, according to a Friday filing with the Korea Exchange.Sales of the South Korean entertainment giant jumped 47% year over year to 147.1 billion won from 100.2 billion won.

KOSDAQ:122870

Asia57d ago

Tokyo Kiraboshi Financial to Sell 5.5 Million Shares

Tokyo Kiraboshi Financial (TYO:7173) will convert all of its First Series Class I preferred shares into common shares and cancel the preferred stock, while conducting a secondary share offering to broaden its shareholder base, according to a Friday filing on the Tokyo Stock Exchange.Sumitomo Mitsui Trust Bank, which holds all 750,000 preferred shares in the company, will request conversion into 5.5 million common shares in two stages. Tokyo Kiraboshi will then cancel all preferred shares after the conversion process is completed.The lender also resolved to conduct a secondary offering of 5.5 million common shares held by Sumitomo Mitsui Trust Bank, alongside a possible over-allotment of up to 824,700 shares.The conversion and sale will result in changes to its major shareholders, Tokyo Kiraboshi said.Sumitomo Mitsui Trust Bank is expected to temporarily become the company's largest shareholder before reducing its stake through the share sale.

TYO:7173

Asia57d ago

Marumae to Sell New Shares, Treasury Stock in Capital Raising Plan

Marumae (TYO:6264) will issue new shares and conduct secondary share offerings to fund semiconductor and FPD production capacity expansion, consumables business investments, and debt repayment tied to its acquisition of KM Aluminum, according to a Friday filing on the Tokyo Stock Exchange.The company plans to issue 2 million new shares and dispose of 700,000 treasury shares through public offerings. It will also conduct secondary offerings totaling up to 1.4 million shares, including an over-allotment option.Marumae expects to use about 2 billion yen for production equipment and capital expenditures in its precision components business by August 2028, while 1.5 billion yen will go toward production equipment and factory renovations for its functional materials business.The remaining proceeds of about 2.35 billion yen will fund repayment of long-term borrowings by August 2027.The company said the offerings will also improve share liquidity and support efforts to meet TOPIX index selection criteria by increasing its free-float ratio.

TYO:6264

Asia57d ago

Tokyo Kiraboshi Financial to Book 43 Billion Yen Dividend Income From Unit

Tokyo Kiraboshi Financial Group (TYO:7173) will receive a 43 billion yen dividend from consolidated subsidiary Kiraboshi Bank, according to a Friday filing on the Tokyo Stock Exchange.The dividend is scheduled to be paid on May 20 and will be recorded as operating income in the company's non-consolidated financial statements for the fiscal year ending March 2027.

TYO:7173

Asia57d ago

Sony, TSMC Reach Preliminary Deal on Image Sensor Partnership

Sony Group (TYO:6758) said its semiconductor unit signed a preliminary agreement with Taiwan Semiconductor Manufacturing (TPE:2330) to form a strategic partnership for developing and manufacturing next-generation image sensors, according to a Friday filing on the Tokyo Stock Exchange.Sony Semiconductor Solutions and TSMC plan to establish a joint venture in which Sony will hold a majority stake to build development and production lines at Sony's new plant in Kumamoto Prefecture, Japan.The partnership will combine Sony's image sensor design capabilities with TSMC's semiconductor manufacturing and process technologies to improve sensor performance and support applications in areas such as automotive and robotics, the companies said.The companies are discussing phased investments tied to market demand, including additional spending at Sony's Nagasaki plant, with plans contingent on support from the Japanese government.

TPE:2330TYO:6758

Asia57d ago

Biocon Posts Lower Fiscal Q4 Consolidated Profit

Biocon (NSE:BIOCON, BOM:532523) consolidated attributable profit declined sharply in the fiscal fourth quarter to 1.26 billion Indian rupees from 3.45 billion rupees a year ago, according to an Indian bourse filing on Thursday by the pharmaceutical company.Earnings per share in the quarter ended March 31 slipped to 0.79 rupees compared with the year-ago figure of 2.87 rupees.Revenue from operations in fiscal Q4, however, increased year on year to 45.2 billion rupees from 44.2 billion rupees.The company's board recommended a final dividend of 0.50 rupees per share for the financial year ended March 31. The proposed dividend is payable on Aug.31 to shareholders of record on July 3, the filing said.

BOM:532523NSE:BIOCON

Asia57d ago

Yellow Hat Rejects Activist Proposals on Dividends, Director Pay

Yellow Hat (TYO:9882) opposed shareholder proposals from Strategic Capital and Japan-Up that called for changes to its dividend policy and director compensation structure, according to a Friday filing on the Tokyo Stock Exchange.The proposals, submitted ahead of the company's annual shareholder meeting in June, sought to shift authority over year-end dividend decisions from the board to shareholders and introduce a 100% dividend payout ratio policy.The shareholders also proposed revising restricted stock compensation for directors by linking allocations to the company's price-to-book ratio relative to the Tokyo Stock Exchange Prime Market average.Yellow Hat said its current policy of combining dividends and share repurchases allows more flexible capital allocation while supporting long-term shareholder returns and growth investments. The company's medium-term plan targets a total shareholder return ratio of 100%, comprising a 45% dividend payout ratio and 55% share repurchases.The company also said its existing executive compensation framework already aligns management interests with shareholder value through a mix of fixed pay, variable compensation, and restricted stock awards overseen by an independent committee.The company said it has raised dividends for 16 consecutive years and argued that a rigid policy allocating all earnings to dividends could limit growth investments and reduce financial flexibility.

TYO:9882

Asia57d ago

Ichigo Renewable Energy Generation Drops 14% in April

Ichigo's (TYO:2337) combined solar and wind power generation with Ichigo Green Infrastructure Investment (TYO:9282) fell 14% year over year to 20.2 million kilowatt-hours in April due to heavy rainfall and reduced daylight hours, according to a Friday filing on the Tokyo Stock Exchange.The company's power output was also affected by a higher frequency of renewable energy purchase suspensions, it said. CO2 reduction totaled 8.69 million kilograms in April, down from 10.2 million kilograms a year earlier.Ichigo and Ichigo Green generated 17.5 million kilowatt-hours and 2.7 million kilowatt-hours, respectively, during the month.Heavy rainfall along Japan's Pacific coast and fewer productive daylight hours in western Japan weighed on renewable energy generation, the company said.

TYO:2337TYO:9282

Asia57d ago

Shinva Medical Instrument Secures Two Medical Device Certificates

Shinva Medical Instrument (SHA:600587) subsidiary Shandong Shinva Medical Environmental Equipment obtained two medical device registration certificates from Shandong's medical products administrator, according to a Friday filing with the Shanghai bourse.The medical vacuum negative pressure unit provides a negative pressure source for central suction systems, while the medical center oxygen supply system enables centralized oxygen delivery with automatic cylinder switching and multi-level alarms.Shares of the medical device and pharmaceutical machinery manufacturer rose 1% Friday.

SHA:600587

Asia57d ago

Shanghai Commercial & Savings Bank's Revenue Drops 7% in April

Shanghai Commercial & Savings Bank (TPE:5876) total stood at NT$4.2 million in April, down 7.14% from NT$4.5 million in the same month last year.On a cumulative basis, the revenue slid 2.2% to NT$18 million from NT$18.4 million a year earlier, according to a Friday Taiwan Exchange filing.

TPE:5876

Asia57d ago

Alteogen's Net Income Declines 14% in Q1

Alteogen (KOSDAQ:196170) posted first-quarter net income attributable to shareholders of 71.7 billion won, down 14% from 83.2 billion won a year earlier, according to a Friday filing with the Korea Exchange.Sales of the South Korean pharmaceutical firm fell 15% year over year to 71.6 billion won from 83.7 billion won.Shares of Alteogen fell over 4% at market close.

KOSDAQ:196170

Asia57d ago

Baidu Chip Unit Kunlunxin Seeks Additional Listing in Shanghai

Baidu's (HKG:9888) artificial-intelligence chip unit Kunlunxin (Beijing) Technology is working with China International Capital Corp. to seek an additional listing in Shanghai, Bloomberg News reported Friday, citing a regulatory filing.Kunlunxin (Beijing) Technology filed for a public listing in Hong Kong earlier this year and is now working with the investment bank to also list on Shanghai's STAR board, the report said.Baidu holds a 58% stake in Kunlunxin (Beijing) Technology, which could be valued at no less than $3 billion, the news agency reported earlier.Jefferies analysts expect Kunlunxin's Hong Kong listing to happen in the third quarter, 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.)

HKG:9888

Asia57d ago

Jakota Capital Raises HK$34 Million from Share Placement; Shares Jump 3%

Jakota Capital (Holding) Group (HKG:1468) completed the placement of nearly 347.4 million shares to raise net proceeds of HK$34 million, according to a Thursday Hong Kong bourse filing.Shares of the insurance firm were up nearly 3% in Friday afternoon trading.The shares, representing roughly 16.67% of the firm's issued share capital, were placed to at least six investors at HK$0.1 apiece.The company will use proceeds to repay a loan and corporate bonds, as well as replenish its working capital.

HKG:1468

Asia57d ago

Nomura Adjusts CarTrade Tech's Price Target to INR2,740 From INR3,026, Keeps at Buy

CarTrade Tech (NSE:CARTRADE, BOM:543333) has an average rating of overweight and mean price target of 2,908.75 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://www..com/contact-us)

BOM:543333NSE:CARTRADE

Asia57d ago

Nomura Adjusts Aditya Birla Real Estate's Price Target to INR1,880 From INR2,000, Keeps at Buy

Aditya Birla Real Estate (NSE:ABREL, BOM:500040) has an average rating of buy and mean price target of 1,913.25 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://www..com/contact-us)

BOM:500040NSE:ABREL

Asia57d ago

Market Chatter: Indonesia-EU Trade Pact Set for 2027 Launch; Exporters Raise Concerns

Indonesia and the European Union are on track to launch their Comprehensive Economic Partnership Agreement (CEPA) in 2027, The Jakarta Globe reported Friday.The trade pact is currently undergoing a legal review expected to be completed this month, following which it will formally be approved in the second half.However, despite zero tariffs on most exports, Indonesian exporters will have to adhere to stringent environmental compliance rules, the report said, citing Indonesian Employers Association (Apindo) chair Shinta Kamdani.Carbon-intensive imports will be subject to levies under the Carbon Border Adjustment Mechanism, while exports of palm oil and other commodities must ensure no link to deforested land, according to the report.The majority of small palm oil exporters may reportedly fail to comply, while exporters of iron and steel, a major export from Indonesia to the EU, may also face financial troubles switching to a low-carbon production mode.Shinta believes industry-specific incentives will be needed to help exporters comply with the new standards.(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

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