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Hanison Construction Warns of Wider Full-Year Loss

Hanison Construction (HKG:0896) expects a loss of between HK$880 million and HK$900 million for the year ended March 31, wider than HK$295.3 million a year prior, according to a Tuesday Hong Kong bourse filing.The construction engineering company attributed the forecast mainly to a net loss on the disposal of a hotel, The Connaught, as well as a net revaluation loss on properties held by the company.

Asia6d ago

3DG Holdings Unit to Lease Australia Property for New Jewelry Store

3DG Holdings (International) (HKG:2882) unit 3D-GOLD Jewellery (Australia) secured a lease in Australia for five years starting Oct. 5, according to a Tuesday Hong Kong bourse filing.The Hong Kong-listed gold and jewelry company will use the premises leased from P.T. Limited as a trustee for Scentre Chatswood Trust for the retail operation of a jewelry and watch store.

HKG:2882

Asia6d ago

Wah Sun Handbags Leases Cambodia Site, Signs HK$80 Million Construction Deal

Wah Sun Handbags International (HKG:2683) subsidiary Quick Mind entered into agreements to lease land and construct factory and dormitory facilities in Cambodia, according to a Hong Kong bourse filing on Tuesday.Quick Mind signed a 10-year lease agreement with landlord, Dong Yan, for a 98,440-square-meter parcel in Kampong Speu Province at $50,000 per month.The lease commenced on June 23 and includes a one-year rent-free period and an option to extend for a further five years.Additionally, Quick Mind entered into a construction deal with Borey Royal Heng to develop seven factories and two dormitories on the site. The contract value is estimated at HK$80 million, subject to adjustment based on actual costs.The project will comprise factories with a total gross floor area of 49,846.25 sq.m and dormitories with a total gross floor area of 60,128.18 sq.m.Construction of the factories is expected to be completed within 300 calendar days, with at least two ready for renovation within four months, while the dormitories are scheduled for completion within two months after the factories are finished.

HKG:2683

Asia6d ago

Ascletis Pharma Gets US FDA Nod for Obesity Drug Trial

Ascletis Pharma (HKG:1672) obtained investigational new drug clearance from the U.S. Food and Drug Administration (FDA) for the phase I study of ASC3, according to a Tuesday Hong Kong bourse filing.The drug is being tested for the treatment of obesity.

HKG:1672

Asia6d ago

Kissei Pharmaceutical to Issue 78 Million Yen Treasury Stocks Under Compensation Plan

Kissei Pharmaceutical (TYO:4547) approved the disposal of 19,794 treasury shares totaling around 78 million yen as part of its restricted stock compensation plan.The shares will be allotted at 3,940 yen each to eight directors and 12 corporate officers, according to a company filing on Tuesday.

TYO:4547

Asia6d ago

Gushengtang Units to Acquire Three Medical Companies

Two units of Gushengtang Holdings (HKG:2273) agreed to acquire three medical companies, according to a Tuesday Hong Kong bourse filing.Gushengtang Singapore TCM Healthcare Technologies Holdings will acquire 100% interest in Sante Wellness TCM Clinics and Sante Wellness TCM, which engage in maternal, prenatal, postnatal, infant, and family wellness service provision.Unit Tianjin Gushengtang Hospital Management will purchase a 90% stake in Tianjin Nankai District Bainian Ren Yi Tang TCM Clinic, which provides traditional Chinese medicine services in Tianjin, China.

HKG:2273

Asia6d ago

Ab&B Bio-Tech's Application for Mpox Vaccine Approved in China

Ab&B Bio-Tech's (HKG:2627) investigational new drug application for its mRNA mpox vaccine candidate was approved by China's National Medical Products Administration, according to a Tuesday Hong Kong bourse filing.Trading in the company's shares, which was suspended April 1, remains suspended.

HKG:2627

Asia6d ago

Turvo International's Chair Steps Down

Precision metal part maker Turvo International's (TPE:2233) Chairperson and General Manager Chun-Chang Liu stepped down on Monday, according to a Tuesday Taiwan bourse filing.

TPE:2233

Asia6d ago

INFRONEER to Grant 64 Million Yen Treasury Stocks Under Compensation Plan

Infrastructure services company INFRONEER (TYO:5076) approved the disposal of 22,745 treasury shares totaling 63.5 million yen as part of its stock-based remuneration plan.The shares will be allotted at 2,792.5 yen each to one director and six executive officers, according to a Tokyo bourse filing on Tuesday.

TYO:5076

Asia6d ago

Hokuhoku Financial to Dispose of 122 Million Yen in Treasury Shares Under Compensation Plan

Hokuhoku Financial Group (TYO:8377) board approved the disposal of 17,945 treasury shares totaling 122.3 million yen under its performance-linked stock compensation plan.The shares were allocated to five directors, excluding outside directors, 13 directors of the subsidiaries, and 22 executive officers of subsidiaries, according to a Tuesday filing on the Tokyo Stock Exchange.The disposal is scheduled for July 23.

TYO:8377

Asia6d ago

Uni-President Enterprises Unit Buys Structured Deposit Worth 100 Million Yuan

Uni-President Enterprises (TPE:1216) unit Zhengzhou President Enterprises acquired a 100 million yuan 365-day structured deposit from Bank SinoPac (China).The acquisition is for investment in principal-guaranteed income financial products, according to a Tuesday Taiwan Exchange filing.

TPE:1216

Asia6d ago

Motilal Oswal Securities Starts Arvind at Buy with INR670 Price Target

Arvind (NSE:ARVIND, BOM:500101) has an average rating of buy and mean price target of INR618.43, 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:500101NSE:ARVIND

Asia6d ago

Money Forward to Book 1.73 Billion Yen Gain from Sale of Operational Investment Securities

Money Forward (TYO:3994) flagged a 1.73 billion-yen gain from the sale of operational investment marketable securities by two subsidiary funds.The Tuesday sale of the one issue of unlisted stock, according to a same-day filing on the Tokyo bourse, had a revenue of 2.13 billion yen. Hirac Fund No 1 Investment and Hirac Fund No 1 Extension Investment sold the stake to better support the investee's growth.

TYO:3994

Asia6d ago

Sushil Finance Downgrades Subros to Neutral from Buy; Price Target is INR902

BOM:517168NSE:SUBROS

Asia6d ago

HDFC Securities Downgrades HCL Technologies to Add from Buy; Price Target is INR1,160

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of INR1,397.57, 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:532281NSE:HCLTECH

Asia6d ago

Ruentex Development Unit Grants NT$23 Million Formwork Engineering Deal

Ruentex Development (TPE:9945) unit Ruentex Construction & Development awarded a NT$23.4 million formwork engineering contract for the Xindu section project.The contract was awarded to Ruen Yang Construction, according to a Tuesday Taiwan Exchange filing.Work is expected to be completed within 156 days from commencement, the developer said.

TPE:9945

Asia6d ago

Wing Lee Development Expects Lower Full-Year Profit

Wing Lee Development Construction (HKG:9639) expects a consolidated profit attributable to owners of up to HK$19 million for the year ended March 31, lower than HK$55.5 million in the prior year.The civil engineering works company attributed the expected profit decline to margin pressure from higher material, labor and logistics costs on new projects, and an upfront investment in its new energy business.

HKG:9639

Asia6d ago

F.C.C. Board Approves Treasury Share Disposal as Restricted Stock Compensation Plan

F.C.C. (TYO:7296) board approved the disposal of 12,413 treasury shares totaling 42.5 million yen under its restricted stock compensation plan.The shares were allocated to four directors, excluding outside directors, 6 executive officers, according to a Tuesday filing on the Tokyo Stock Exchange.The disposal is scheduled for July 22.

TYO:7296

Asia6d ago

Metro Brands Names Chief Business Officer for Sports Division

Metro Brands (NSE:METROBRAND, BOM:543426) appointed Manoj Juneja as chief business officer for sports division of the company, effective June 23.Most recently, he was chief executive officer of Crocs India Marketing, according to an Indian bourse filing on Tuesday.

BOM:543426NSE:METROBRAND

Asia6d ago

Market Chatter: MediaTek Reportedly Bags Bigger Role in Google's Next-Generation TPU v9 Program

MediaTek (TPE:2454) reportedly secured a major role in Google's next-generation TPU v9 program after winning orders tied to a 336G SerDes solution, Commercial Times reported Tuesday, citing supply-chain sources.The report said Google opted for a transitional 336G architecture after encountering challenges with a planned 448G SerDes design, creating an opportunity for MediaTek and reducing rival Broadcom's share of the project.Google and MediaTek did not immediately respond to requests for comment from.(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.)

TPE:2454

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