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SSY Group Enters Negotiations Over 4 Biosimilars With Longhai Pharmaceutical

SSY Group (HKG:2005) said it entered exclusive negotiations with Hebei Longhai Pharmaceutical over four biosimilar drugs, according to a Friday filing with the Hong Kong bourse.Under the letter of intent, the firm may license biosimilar versions of ustekinumab, dupilumab, aflibercept, and evolocumab from Longhai Pharmaceutical, which will be responsible for completing research and technical know-how on the medicines.The company will be required to make a down payment and milestone payments to Longhai Pharmaceutical if the deal materializes.The exclusivity period for negotiations will last 90 days, the firm said.

HKG:2005

Asia48d ago

Fitch Sees Solid Credit Profile for Japan's Life Insurers on Sufficient Capital Adequacy

Fitch Ratings forecasts solid credit profiles for Japanese life insurers through the financial year ending March 2027, according to a recent release.Fitch expects insurers' capital adequacy, or the economic solvency ratios under the country's new regulatory regime that took effect in March, to remain ample for their ratings.Stable accumulation of core capital and hybrid capital issuance should support the insurers' capital adequacy levels, Fitch said.Fluctuations in domestic bond yields have limited risk to earnings and capital because both yen-denominated liabilities and bonds are recognized at book value using amortized cost, the rating agency said.Fitch expects major players to further acquire foreign life insurers to offset product constraints due to a shrinking population.Majors will also leverage rising yen bond yields to expand positive investment spreads, Fitch said.

Nikkei 225

Asia48d ago

Century Properties Secures Majority Bondholder Consent Ahead of Schedule

Century Properties Group (PSE:CPG) said it has secured consents from bondholders holding more than 50% of each tranche of its outstanding peso bonds under its consent solicitation exercise.These include its 2027, 2028, and 2030 fixed-rate peso bonds, according to a Friday filing with the Philippine Stock Exchange.As a result, the company said the consent solicitation period was terminated at 12:00 noon on June 5, earlier than scheduled.The company added that no further consent forms will be accepted after the termination date.

PSE:CPG

Asia48d ago

Market Chatter: HSBC Swiss Unit Charged in Paris Over Alleged Lebanese Embezzlement Scandal

French financial prosecutors have charged HSBC's (HKG:0005) Swiss branch in Paris as part of a probe into suspicions that it assisted a former Lebanese central bank governor in misappropriating funds, Bloomberg News reported on Thursday.The bank is facing accusations of organized money laundering and conspiracy to commit embezzlement, bribery, and breach of trust, the publication said.Riad Salameh, who led Lebanon's central bank for thirty years before resigning and has been sanctioned by the US and UK for allegedly exploiting his position for personal gain, has already been charged by Lebanese prosecutors with offenses including embezzlement, forgery, and illicit enrichment, the report said.Salameh denies all allegations, attributing his wealth to his earlier finance career, the publication added.Swiss authorities have also been examining the case since 2020, while Le Monde first reported the news and HSBC declined immediate comment, the news wire said.HSBC did not reply to MTNewsire's query at press time.(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:0005

Asia48d ago

Alpha Networks Names Chairman of Subsidiary; Shares Drop 4%

Alpha Networks (TPE:3380) appointed Shun-Yung Huang as the new chairman of its unit Alpha Networks (Changshu), according to a Thursday Taiwan Exchange filing.Shares fell about 4% in Friday's midday trade.He succeeded Cai-Fen Chen in the role, as the latter stepped down due to job relocation.

TPE:3380

Asia48d ago

Market Chatter: Suzlon Energy Expands into Integrated Renewable Energy Parks

Suzlon Energy (NSE:SUZLON, BOM:532667) is expanding beyond wind turbines into integrated renewable energy parks combining wind, solar and battery storage, Bloomberg News reported Thursday, citing an interview with Vice Chairman Girish Tanti.The company plans to help customers develop, operate and maintain round-the-clock clean energy projects amid growing energy security concerns, Tanti told Bloomberg.He said India added a record 6.3 GW of wind capacity in 2025, with installations expected to exceed 8 GW in 2026, according to the report.Suzlon aims to increase its managed energy asset portfolio fourfold to 70 GW over the next five years, the report said, citing a company statement. It also plans to set up a battery energy storage manufacturing facility by next year, the report added.(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.)

BOM:532667NSE:SUZLON

Asia48d ago

Market Chatter: Macquarie Chair Appointed as Head of New South Wales Treasury Corporation, Bloomberg Reports

Macquarie Group (ASX:MQG) chair and former Reserve Bank of Australia governor Glenn Stevens is set to take over as the next chair of the New South Wales Treasury Corporation on Sept. 1, Bloomberg reported on Friday, citing New South Wales Treasurer Daniel Mookhey.Stevens will succeed the current chair, Michael Dwyer.New South Wales Treasury Corporation is set to receive permission to issue debt in currencies other than the Australian dollar.(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.)

ASX:MQG

Asia48d ago

Incredible Holdings Cancels Loan Agreement With Lender

Incredible Holdings (SGX:RDR) has decided to cancel a SG$500,000 loan deal with third-party lender, Chu Boon Tiong, after the lender became entirely unreachable and failed to disburse the loan amount, according to a Thursday filing with the Singapore Exchange.The two parties entered into a loan agreement back in August 2025 to help the management services provider with its working capital needs.

SGX:RDR

Asia48d ago

Medi Lifestyle Signs Debt Offset Deal; Shares Slide 8%

Medi Lifestyle (SGX:Z4D) reached an agreement with controlling shareholder, Chua Yi Hang, to offset part of a shareholder loan, according to a Thursday filing with the Singapore Exchange.Shares of the healthcare services provider were down over 8% in Friday trading.Under the agreement, Hang will subscribe to roughly 47.4 million new rights shares, which will offset SG$947,696 of an outstanding SG$1.5 million shareholder loan.Additionally, four other corporate insiders have committed to the share offering and have already deposited their subscription amounts into the company bank account, taking the total subscription to 107.1 million shares, amounting to about SG$2.1 million.Proceeds raised from the activity will be used to offset the loan, while the remaining amount will be used for general working capital needs, debt repayment and business development initiatives.

SGX:Z4D

Asia48d ago

New Zealand Shares Rise; Infratil Allocates AU$200 Million of Capital Bonds Under Offer

New Zealand shares ended higher on Friday, while most Asian shares saw a sell-off as a peace deal in the Middle East remains elusive.The S&P/NZX 50 Index rose 0.46%, or 60.36 points, to close at 13,161.97.The Lebanon-based Hezbollah has rejected a new ceasefire on Thursday, and Israel said it will not withdraw its troops from Lebanon, according to a Thursday Reuters report.In domestic news, New Zealand's total new lending decreased to NZ$14.17 billion in April from NZ$15.13 billion in March, according to data from the Reserve Bank of New Zealand.In corporate news, Infratil (ASX:IFT, NZE:IFT) said its capital bond offer closed after it allocated AU$200 million of unsecured, subordinated, repayable, cumulative, interest-bearing capital bonds maturing on June 15, 2057, including AU$50 million of oversubscriptions.Spark New Zealand (NZE:SPK, ASX:SPK) launched Verified Call, a feature that helps customers identify legitimate Spark calls by displaying the company's name, logo, a verified badge, and the reason for calling on the mobile phone screen before picking up.

^NZ50ASX:IFTASX:SPKNZE:IFTNZE:SPK

Asia48d ago

Shenzhen Megmeet Electrical Guarantees 150 Million Yuan for Yihe Sanitary Ware Unit

Shenzhen Megmeet Electrical (SHE:002851) provided a 150-million-yuan joint liability guarantee for subsidiary Zhejiang Yihe Sanitary Ware, according to a Friday filing with the Shenzhen bourse.The guarantee falls within the industrial automation equipment manufacturer's approved 2026 quota of 6.07 billion yuan, with the remaining available guarantee at 5.92 billion yuan.Shares of the company were down nearly 4% in recent trade.

SHE:002851

International48d ago

Singapore's Total Retail Sales Rise 5.4% in April

Singapore's total retail sales rose 5.4% year over year to SG$4.3 billion in April, the Statistics Department said in a Friday release.The growth was higher than the 4.6% increase in March.Excluding motor vehicles, parts, and accessories, retail sales jumped 4.5% year over year to SG$3.6 billion.

^STI

Equities48d ago

ShaMaran Petroleum Shares Debut on Oslo Bourse's Euronext Growth

ShaMaran Petroleum (SNM-SDB.ST) shares started trading on the Oslo Stock Exchange-operated Euronext Growth Oslo on Friday, according to a same-day release.The Iraq-focused oil and gas company was previously listed on the TSX Venture Exchange in Toronto.

$SNM-SDB.ST

Asia48d ago

Singapore Exchange Updates STI Reserve List

Singapore Exchange (SGX:S68) included First Resources (SGX:EB5) and Olam Group (SGX:VC2) in its STI Reserve List, while NetLink NBN Trust (SGX:CJLU) and SIA Engineering (SGX:S59) exited the list, according to a Thursday bourse filing.The new changes will take effect from June 22, with the next review scheduled to take place in September, the filing added.

SGX:CJLUSGX:EB5SGX:S59SGX:S68SGX:VC2

Asia48d ago

Lung Ming Green Energy Settles Subcontract Dispute with Hongsheng Construction

Lung Ming Green Energy Technology Engineering (TPE:3018) signed a settlement deal with Hongsheng Construction at the Chinese Arbitration Association in Taipei, Taiwan.The case stems from a contract dispute regarding electrical and mechanical engineering works for the Taiwan Taoyuan International Airport MRT system.The company said the agreement is not expected to have a material impact on its financial position or operations.

TPE:3018

International48d ago

Japan's Leading, Coincident Indexes Increase in April

Japan's leading economic index rose to 115.9 in April from 115.4 a month earlier, according to government data released Friday.The coincident index increased to 117.9 from 116.8 in the previous month.The leading index reflects the outlook for the months ahead, based on indicators such as job offers and consumer sentiment, while the coincident index tracks current economic activity, including factory output, employment, and retail sales.

Nikkei 225

International48d ago

India's Central Bank Maintains CRR at 3%

India's central bank on Friday maintained the country's cash reserve ratio at 3%.The Reserve Bank of India has held the rate steady since December 2025, and analysts did not expect a change to the ratio during its recent meeting, according to a consensus from Investing.com.

^BSENifty 50

Asia48d ago

Kedali to Redeem Convertible Bond

Shenzhen Kedali Industry (SHE:002850) plans to fully redeem its outstanding convertible corporate bonds on June 15, according to a Shenzhen bourse filing on Friday.The six-year Keli Convertible Bond was issued in 2022. The redemption price will be 101.41 yuan per bond.The battery structural component manufacturer's shares slipped 1% during the midday trade.

SHE:002850

Asia48d ago

Sinopec Shanghai Petrochemical Tapers Expectations Over Carbon Fiber Following 20% Stock Surge

Sinopec Shanghai Petrochemical (HKG:0338, SHA:600688) tapered expectations around its T1000 grade high-performance carbon fiber following media reports about the product.In a Hong Kong bourse filing Thursday, the firm said the carbon fiber referenced in the reports is a 12K small tow, which is yet to generate revenue or contribute meaningfully once it makes sales.The announcement came after the firm took note of the closing price of its A shares over three consecutive trading days ending June 4, during which its stock price rose by at least 20% in aggregate.The firm clarified that aside from the media reporting, there were no undisclosed matters that would warrant an unusual movement in its A shares' price.The petrochemical firm's Hong Kong shares gained nearly 1% in late morning trade Friday.

HKG:0338SHA:600688

International48d ago

Market Chatter: China Overtakes Japan in Car Exports to Australia

Chinese car exports to Australia reached nearly 36,000 units in April, overtaking Japan's 29,000 deliveries, Bloomberg News reported Friday, citing government data.The number drove Chinese car deliveries to Australia in the first four months of 2026 to above 100,000, 51% higher compared with the year-ago period, the report said.Imports from BYD (HKG:1211, SHE:002594) helped lift Chinese car imports, according to the report.Electric vehicles and hybrids comprised nearly 46% of new car sales across all sources in May, the Federal Chamber of Automotive Industries said Wednesday.(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.)

ASX 200Nikkei 225Shanghai Composite^SZSE

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