Financial News · Live Terminal

Page 547 of 819

China Tianrui Automotive Raises HK$54.9 Million from Share Placement

China Tianrui Automotive Interiors (HKG:6162) completed the placing of 400 million shares to at least six investors to raise net proceeds of HK$54.9 million, according to a Wednesday filing with the Hong Kong bourse.The shares, representing roughly 16.67% of the company's enlarged issued share capital, were placed at a net issue price of HK$0.137 apiece.The automotive decorative components and parts manufacturer will use proceeds to repay loans and replenish general working capital.

HKG:6162

Asia58d ago

Sino Biopharmaceutical's Breast Cancer Drug Gets Marketing Nod in China

Sino Biopharmaceutical's (HKG:1177) culmerciclib capsule "CDK2/4/6 inhibitor" in combination with fulvestrant obtained marketing approval from China's National Medical Products Administration, according to a Wednesday Hong Kong bourse filing.The approval is for use of the drug for initial endocrine therapy for patients with locally advanced or metastatic breast cancer.This is the second indication of the drug approved for marketing.

HKG:1177

Asia58d ago

GAC's Sales, Output Jump in April

Guangzhou Automobile Group or GAC's (HKG:2238, SHA:601238) total sales jumped 3.9% to 120,960 units in April from 116,440 units a year ago, according to a Wednesday filing with the Hong Kong bourse.Production for the month increased 23% to 133,912 units from 108,620 units in the prior year.For the first four months of 2026, sales and output climbed 2.7% and 1.7% year over year to 500,889 vehicles and 528,697 units, respectively.

HKG:2238SHA:601238

Asia58d ago

Market Chatter: China Aims for Over 70% of Silicon Wafers to Be Locally Produced by 2026

China is looking to have more than 70% of silicon wafers used by domestic chipmakers to be locally made by 2026, Nikkei Asia reported Tuesday, citing sources.The target has been an unspoken rule among chipmakers, compelling them to use locally made 12-inch wafers, according to the report, citing sources.Some Chinese chip manufacturers are aiming to produce more advanced chips, which still requires the help of foreign makers, who will occupy the remaining 30% of the market, the report said, citing a chip industry executive.Local chipmakers are already capable of meeting the demand for legacy chips, 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

Asia58d ago

Indian Equities Jump on Wednesday as US-Iran Deal Hopes Lift Sentiment

Indian benchmark indices ended sharply higher on Wednesday as reports of a possible U.S.-Iran deal supported global risk sentiment.The BSE Sensex rose 940.73 points, or 1.22%, to close at 77,958.52, while the NSE Nifty 50 gained 298.15 points, or 1.24%, to settle at 24,330.95.Markets advanced on expectations that the U.S. and Iran may be close to resolving their conflict, which had pushed energy prices higher in recent sessions. Hopes of easing geopolitical risks supported sentiment and helped drive broad-based buying.In economic news, Services activity in Indian strengthened in April, with the HSBC India Services PMI rising to 58.8 from 57.5, supported by firm domestic demand and e-commerce growth. New orders saw the fastest expansion in five months, aided by pricing strategies and demand for logistics and relocation services. However, export growth slowed to a five-month low amid Middle East tensions and weak tourism.In earnings news, Aditya Birla Real Estate (NSE:ABREL, BOM:500040) gained nearly 5% after reporting a profit of 108.4 million rupees in Q4, compared with a loss of 1.31 billion rupees a year earlier, according to a filing. Revenue from operations declined to 981.9 million rupees from 4.08 billion rupees.Zydus Lifesciences (NSE:ZYDUSLIFE, BOM:532321) rose over 3% after receiving seven observations from the US FDA following an inspection of its Ahmedabad facility, according to a Wednesday filing.

^BSENifty 50BOM:500040BOM:532321NSE:ABRELNSE:ZYDUSLIFE

Asia58d ago

Sunflower Pharmaceutical Products Selected for Bulk Chinese Medicine Procurement

Three of Sunflower Pharmaceutical's (SHE:002737) products were provisionally selected for China's centralized volume-based procurement program for traditional medicines.The Chinese medicine group's liver protection tablets, children's lung heat cough oral liquid/granules and digestive tablets were picked during the fourth batch of the National Traditional Chinese Medicine Procurement Alliance project, according to a Wednesday filing with the Shenzhen bourse.Shares of the company closed 2% lower Wednesday.

SHE:002737

Asia58d ago

Aoyuan Beauty Valley Technology Appoints CFO

Aoyuan Beauty Valley Technology (SHE:000615) appointed Leng Chunxia as chief financial officer.Leng succeeded Jiang Yongbiao, who resigned, according to a Wednesday filing with the Shenzhen bourse.Leng has been serving as director of the company since January.Shares of the beauty products manufacturer declined 2% Wednesday.

SHE:000615

Asia58d ago

Sinocare Recalls Glucose Monitors in US

Sinocare (SHE:300298) subsidiary Trividia Health is recalling TRUE METRIX series blood glucose monitoring systems following a U.S. Food and Drug urgent medical device correction.The issue involves an E-5 error code that displays for both extremely high blood glucose and test strip errors, potentially delaying treatment for severe hyperglycemia, according to a Wednesday filing with the Shenzhen bourse.Trividia has updated labeling and is offering free TRUENESS replacement systems to users.Sinocare has preliminarily accrued $9.7 million for recall costs.Shares of the medical device manufacturer closed 1% lower Wednesday.

SHE:300298

Asia58d ago

Henan Tong-Da Cable Secures 329 Million Yuan in State Grid Pre-Awards

Henan Tong-Da Cable (SHE:002560) was named a recommended winning candidate for four State Grid tenders totaling 328.7 million yuan.The pre-awards cover power cables, control cables and conductors, according to a Wednesday filing with the Shenzhen bourse.Shares of the wire maker closed 3% higher Wednesday.

SHE:002560

Asia58d ago

Chinese President Seeks Probe into Fatal Fireworks Factory Blast

Chinese President Xi Jinping called for an investigation into an explosion at a fireworks factory in Hunan that killed at least 26 people and injured 61 others.The blast took place at the Huasheng Fireworks Manufacturing and Display in Liuyang city, according to the Hunan provincial government.

Shanghai Composite^SZSE

Asia58d ago

GP Petroleums JV Bags Supply Order Worth INR740 Million; Shares Jump 4%

GP Petroleums (NSE:GULFPETRO, BOM:532543) said its joint venture Amron Oil Resources Pvt. Ltd. has received a letter of acceptance worth 740.4 million Indian rupees from Indian Oil Corp. (NSE:IOC, BOM:530965) for supply of bulk bitumen, according to a filing with the Indian bourses by the company.Shares of the company jumped 4% at market close on Wednesday.The contract involves supply of 9,000 MT of VG-30 and 6,000 MT of VG-40 at Pipavav, the filing said.The order is to be executed over 12 months, with an option to extend by another year on mutual agreement, it added.

BOM:530965BOM:532543NSE:GULFPETRONSE:IOC

Asia58d ago

Man Sang International Forecasts Turnaround to Full-Year Profit

Man Sang International (HKG:0938) expects a pretax profit of between HK$398.5 million and HK$442.3 million for the fiscal year ended March 31.The Hong Kong-listed real estate developer attributed the potential year-over-year swing from a pretax loss of HK$590.9 million mainly to a one-off gain from the disposal of Gloryear Investments, according to a Wednesday bourse filing.

HKG:0938

Asia58d ago

Shenyang Cuihua Gold and Silver Jewelry Reports New Overdue Loans of 144 Million Yuan

Shenyang Cuihua Gold and Silver Jewelry (SHE:002731) and its Shenzhen subsidiary have recorded four new overdue loans totaling 143.6 million yuan, bringing the cumulative overdue principal to 637.6 million yuan.The jewelry retailer cited working capital constraints for the missed payments, according to a Wednesday filing with the Shenzhen bourse.The company is negotiating with creditors for extensions and repayment plans while accelerating receivable collections, it said.

SHE:002731

Asia58d ago

Pawnbroker MoneyMax Transfers to Singapore Exchange's Main Board

MoneyMax Financial Services (SGX:5WJ) transferred to the main board of the Singapore Exchange Securities Trading on Wednesday.The move is expected to enhance the pawnbroker and retailer of luxury goods' visibility and access to capital markets, according to a same-day filing.The transfer from the Catalist board of the Singapore bourse was announced April 30.

SGX:5WJ

Asia58d ago

Chow Tai Fook Jewellery Forecasts Up to 55% Boost in Full-Year Profit

Chow Tai Fook Jewellery (HKG:1929) expects a year-over-year rise of 45% to 55% in net profit in the year ended March 31, according to a Wednesday Hong Kong bourse filing.The jewelry company attributed the forecast to an improved gross profit margin and effective cost management.

HKG:1929

Asia58d ago

Raymond's Consolidated Profit Plummets in Fiscal Q4; Shares Jump 17%

Raymond (NSE:RAYMOND, BOM:500330) reported a sharp decline in its consolidated attributable profit to 11.3 million Indian rupees in the fiscal fourth quarter ended March 31 from 1.33 billion rupees a year ago.Shares of the company jumped over 17% in Wednesday's trade.Earnings per share contracted to 0.17 rupees compared with the year-ago figure of 19.89 rupees, according to a Tuesday filing to the Indian stock exchanges by the fabric and apparel manufacturer.Revenue from operations in fiscal Q4, however, increased to 6.03 billion rupees from 5.57 billion rupees a year earlier.

BOM:500330NSE:RAYMOND

Asia58d ago

SSY Group's Protein Test Kits Get Device Registration Certificates from Hebei Regulator

SSY Group's (HKG:2005) full-range C-reactive and Serum Amyloid A/C-reactive protein test kits obtained medical device registration certificates from the Hebei Provincial Drug Administration of China, according to a Wednesday Hong Kong bourse filing.The kits are used for in vitro quantitative detection of C-reactive protein and serum amyloid A levels in human serum, plasma, or whole blood samples.

HKG:2005

Asia58d ago

Nomura Adjusts Coforge's Price Target to INR2,100 From INR2,000, Keeps at Buy

Coforge (NSE:COFORGE, BOM:532541) has an average rating of overweight and mean price target of 1,658.15 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:532541NSE:COFORGE

Asia58d ago

Nomura Adjusts Mahindra & Mahindra's Price Target to INR4,580 From INR4,662, Keeps at Buy

Mahindra & Mahindra (NSE:M&M, BOM:500520) has an average rating of buy and mean price target of 4,199.90 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:500520NSE:M&M

Asia58d ago

Aadhar Housing Finance's Consolidated Net Profit Rises in Fiscal Q4; Shares Slip 3%

Aadhar Housing Finance's (NSE:AADHARHFC, BOM:544176) attributable consolidated net profit rose to 3.11 billion Indian rupees in the fiscal fourth quarter from 2.45 billion rupees a year ago, according to an Indian bourse filing on Tuesday.Shares of the company slipped over 3% in Wednesday's trade.Earnings per share during the quarter ended March 31 climbed to 7.01 rupees from 5.55 rupees.Revenue from operations in fiscal Q4 jumped year on year to 9.85 billion rupees from 8.33 billion rupees.

BOM:544176NSE:AADHARHFC

Showing 10921-10940 of 16363