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Shandong Buchang Pharmaceuticals to Invest 33.5 Million Yuan in Pharmaceutical JV

Shandong Buchang Pharmaceuticals (SHA:603858) plans to invest 33.5 million yuan for a 67% stake in the joint establishment of a holding subsidiary.Shandong Buchang Shengshi Pharmaceutical, with a registered capital of 50 million yuan, will operate in pharmaceutical production and sales as well as medical device distribution, according to a Wednesday filing with the Shanghai bourse.Jinan Fuju Changyuan Enterprise Management Center will contribute 16.5 million yuan for a 33% stake.

SHA:603858

Asia13d ago

Shennong Agricultural Industry Plans Suspension of Longmen Pig Farm's Construction

Yunnan Shennong Agricultural Industry (SHA:605296) has decided to suspend the construction of the Longmen Pig Farm to comply with state regulations to control hog production capacity, according to a Shanghai bourse filing on Wednesday.The project is located in Daxin County, Chongzuo City, China.The pig supplier's subsidiary, Guangxi Daxin Shennong Animal Husbandry, is in charge of the 120 million yuan construction.

SHA:605296

Asia13d ago

Leading Semiconductor Industry CFO Steps Down; Shares Slide 5%

Shenzhen Leading Semiconductor Industry (SHA:603991) Chief Financial Officer Li Jinfu has resigned, citing personal reasons, according to a Wednesday filing to the Shanghai Stock Exchange.Wang Jing succeeded Li as CFO, the semiconductor packaging materials company said.Shares fell 5% during afternoon trading on Wednesday.

SHA:603991

Asia13d ago

Shenzhen Gas Buys Partnership Fund Stake for 1.49 Billion Yuan; Shares Up 3%

Shenzhen Gas (SHA:601139) plans to invest 1.49 billion yuan to acquire a 31% stake in Guolian Zhongrong (Beijing) Equity Investment Fund Partnership (Limited Partnership), according to a Wednesday filing with the Shanghai Stock Exchange.The natural gas distributor will acquire the stake from Beijing Chengtong Gongrong Equity Investment Fund (Limited Partnership) and CCB Financial Asset Investment, also known as Jianxin Investment, a subsidiary of China Construction Bank (HKG:0939, SHA:601939).Through the acquisition, the company will indirectly invest in Sichuan Huasheng Energy Development Group, which provides city gas and oilfield services. Zhongrong Fund holds a 51% stake in Huasheng Energy Development.The company's shares rose nearly 3% during the afternoon trade.

HKG:0939SHA:601139SHA:601939

Asia13d ago

Market Chatter: India Curtailed Over 8,000 GWh of Solar Power in April-June Amid Grid Constraints

India curtailed 8,133 gigawatt hours (GWh) of solar power during the quarter ended June 30 as transmission constraints and grid security requirements limited the absorption of renewable energy, Reuters reported on Tuesday, citing Minister of State for New and Renewable Energy Yesso Naik.Solar power curtailment totaled 2,417 GWh in April, 3,235 GWh in May and 2,481 GWh in June, Naik told the Indian Parliament in a written reply, according to the report.The government attributed the curtailment to delays in transmission infrastructure, early commissioning of renewable energy projects and measures to maintain grid stability. It said restrictions on solar generation were necessary to ensure the reliable and secure operation of the power grid.(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.)

^BSENifty 50

Asia13d ago

Market Chatter: Jack Ma-Backed OceanBase Seeks Up to 3 Billion Yuan in Funding Round for AI Boost

AI database service company Beijing OceanBase Technology is in talks to raise between 2 billion yuan and 3 billion yuan from a series A funding round, Bloomberg reported Wednesday, citing people familiar with the matter.The Jack Ma-backed company is improving its AI analytics capabilities and boosting its handling of semi-structured and unstructured data, according to the report.OceanBase was initially built to help with Ant Group's internal database management in 2010, according to the report.The AI database company did not immediately respond to a request 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.)

Shanghai Composite^SZSE

Equities13d ago

Eni Boosts FY26 Share Buyback Program to EUR3.4 Billion

Eni (ENI.MI) said Wednesday it expanded its 2026 share buyback plan to 3.4 billion euros from 2.8 billion euros, citing its "improved" outlook.The Italian energy company announced the expanded buyback plan along with its first-half results.

$ENI.MI

Asia13d ago

Ramssol Unit, CTOS Data Systems to Distribute, Promote EWA Platform

Ramssol Group (KLSE:RAMSSOL) unit Rams Fintech signed a memorandum of agreement with CTOS Data Systems to distribute and promote its earned wage access (EWA) platform, according to a Tuesday Malaysian bourse filing.Under the arrangement, CTOS Data Systems will refer and promote Rams Fintech's "Pay Day Now" EWA program to employers and clients within its network, while Rams Fintech will onboard referred employers, operate the platform and pay commissions to CTOS Data Systems.The companies will also explore broader strategic and data collaboration opportunities.The company said the agreement is valid for two years, and is not expected to have an immediate material impact on the group's net assets, earnings or gearing.

KLSE:RAMSSOL

Treasury13d ago

Oppein Home Group to Pay Annual Interest on Convertible Bonds; Shares Up 10%

Oppein Home Group (SHA:603833) will pay the fourth annual interest on its 2-billion-yuan Oppein 22 convertible bonds on Aug. 5, covering the period through Aug. 4, according to a Wednesday filing with the Shanghai bourse.Bondholders will receive 1.50 yuan per 100 yuan of par value at a 1.50% coupon rate.Shares of the cabinetry manufacturer jumped 10% in recent trade.

SHA:603833

Asia13d ago

Hyundai Autoever's Q2 Net Attributable Income Rises 17%; Sales Up 20%

Hyundai Autoever (KRX:307950) posted a 17.1% year-over-year rise in net income attributable to shareholders of parent to 68.19 billion won for the second quarter ended June 30 from 58.21 billion won.Sales jumped 20% to 1.251 trillion won from 1.042 trillion won, according to a Wednesday filing with the Korea Exchange.

KRX:307950

Asia13d ago

Apeloa Pharmaceutical Unit Wins China Approval for Levocarnitine Oral Solution; Shares Up 5%

Apeloa Pharmaceutical's (SHE:000739) unit Zhejiang Apeloa Kangyu Pharmaceutical received a drug registration certificate from China's National Medical Products Administration for its levocarnitine oral solution, according to a Shenzhen bourse filing on Wednesday.The drug is used to treat primary systemic carnitine deficiency and secondary carnitine deficiency.The pharmaceutical company's shares jumped 5% during the afternoon trade.

SHE:000739

Asia13d ago

Encounter Resources Reports AU$26.9 Million Cash at June Quarter-End

Encounter Resources (ASX:ENR) held cash of about AU$26.9 million at June 30, according to a Wednesday Australian bourse filing.The company said the combined inferred mineral resource estimate (MRE) increased by 54% over the quarter for its Aileron project in Western Australia, while a priority copper-gold zone was identified at the Lamil Copper-Gold Project.

ASX:ENR

Asia13d ago

Australian Shares Advance; Rio Tinto Group Posts Higher H1 Underlying Earnings, Revenue

Australian shares advanced further on Wednesday, as investors reacted to softer-than-expected June quarter inflation data, cutting expectations of a rate hike.The S&P/ASX 200 Index gained 1.01%, or 90.80 points, to close at 9,038.60, setting a new 100-day high.Brent crude oil futures rose to trade around $86 per barrel after the US military said Iran launched multiple ballistic missiles, which had been intercepted.Overnight on Wall Street, the Dow Jones Industrial Average rose 1% and the S&P 500 inched up 0.2%, while the Nasdaq Composite fell 0.2%.On the domestic front, Australia's consumer price index rose 3.8% in the 12 months to June from a 4% increase in the year to May. Trimmed mean annual inflation was 3.6% in the 12 months to June, unchanged from the 12 months to May.In company news, Rio Tinto Group (ASX:RIO) reported Wednesday that its underlying earnings per basic share in the first half rose to $4.214, from $2.96 a year earlier. Consolidated sales revenue for the six months ended June 30 was $31.03 billion, up from $26.87 billion in the same period last year.Woodside Energy Group (ASX:WDS) reported second-quarter operating revenue of $4.19 billion, up 28% from $3.28 billion a year earlier. The company's quarterly production volume hit 41.3 million barrels of oil equivalent (MMboe), down 18% from 50.1 MMboe in the year-ago period.Lastly, CSL (ASX:CSL) is set to conduct clinical trial work to confirm the efficacy and safety of immunoglobulin manufactured using its Horizon 2 process. It expects clinical activities to start in mid-2027.

ASX 200ASX:CSLASX:RIOASX:WDS

Asia13d ago

Guizhou Space Appliance Unit Seeks Up to 90 Million Yuan in Capital Increase

Guizhou Space Appliance (SHE:002025) controlling unit Taizhou Hangyu plans to raise up to 90 million yuan through public listing to fund new plant and production line construction for circular connectors, metal package housings and ceramic interconnect products.The company will inject no less than 46 million yuan to maintain its 51% majority stake, with existing shareholders Chang Xu and Dai Weiming contributing 5 million yuan and 3 million yuan, respectively, according to a Wednesday filing with the Shanghai bourse.Shares of the electronic components manufacturer were down 2% in recent trade.

SHE:002025

Asia13d ago

Hanwha Solutions Swings to Net Income in Q2; Shares Down 4%

Hanwha Solutions (KRX:009830) posted net income attributable to owners of the parent of 283.55 billion won for the second quarter, swinging from a net loss of 201.60 billion won a year earlier, according to a Wednesday filing with the Korea Exchange.Sales rose 47% to 4.583 trillion won from 3.117 trillion won for the three months ended June 30Shares of the energy conglomerate were down nearly 4% in recent trade.

KRX:009830

Asia13d ago

Insilico Medicine's Pleural Mesothelioma Drug Receives US FDA Fast Track Designation; Shares Down 4%

Insilico Medicine (HKG:3696) said ISM6331 received fast-track designation from the U.S. Food and Drug Administration for the treatment of adult patients with unresectable malignant pleural mesothelioma, according to a Wednesday filing with the Hong Kong Stock Exchange.The company said the designation covers adult patients with unresectable malignant pleural mesothelioma.Shares of the biopharmaceutical company were down 4% in recent trade.

HKG:3696

Asia13d ago

GuoCheng Mining Eyes Up to 600 Million Yuan Share Repurchase; Shares Up 5%

GuoCheng Mining (SHE:000688) plans to repurchase between 300 million yuan and 600 million yuan of shares for up to 12 months, according to a Wednesday disclosure to the Shenzhen Stock Exchange.The mining company plans to repurchase between 6.7 million and 13.3 million shares at a maximum price of 45 yuan per share, representing 0.56% to 1.13% of its total share capital.The shares will be used for an employee stock ownership plan and an equity incentive plan, the company said. GuoCheng Mining may cancel the shares if they are not used for those purposes within 36 months.Shares rose 5% during afternoon trading on Wednesday.

SHE:000688

Asia13d ago

Market Chatter: Hillhouse-Backed Elevate Campuses Eyes $267 Million India IPO

Hillhouse Investment Management-backed Elevate Campuses is targeting a $267 million initial public offering in India as early as August, Bloomberg News reported Tuesday, citing people familiar with the matter.The student housing operator has started investor roadshows ahead of a planned share sale in the second half of August and is seeking a valuation of as much as $1 billion, the report said.Elevate Campuses did not immediately respond to' request for comment.(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.)

^BSENifty 50

Equities13d ago

Eni Reports Higher H1 Net Profit, Revenue

Eni (ENI.MI) said Wednesday its net profit and total revenue for the first half surged year over year.Net profit attributable to shareholders for the six months ended June 30 was 4.39 billion euros, compared with 1.72 billion euros a year earlier. EPS moved to 1.42 euros from 0.52 euros.The Italian oil and gas company's total revenue was 42.73 billion euros, compared with 36.40 billion euros a year ago.For the full year, the company raised its underlying oil and gas production growth outlook to 5% from the previously provided target range of 3% to 4%.It also maintained its plans to pay a dividend of 1.1 euros per share in 2026, which is 5% higher than the prior-year dividend.

$ENI.MI

Asia13d ago

HD Korea Shipbuilding's Q2 Net Income Rises 112%; Sales Up 12%

HD Korea Shipbuilding & Offshore Engineering (KRX:009540) posted a 112% year-over-year rise in net income to 413.60 billion won for the second quarter ended June 30 from 195.50 billion won.Sales jumped 11.9% to 2.371 trillion won from 2.119 trillion won, according to a Wednesday filing with the Korea Exchange.The company declared a quarterly cash dividend of 6,090 won per common share, with a total dividend amount of 639.04 billion won.The dividend record date is August 13, and the scheduled payout is on August 31.

KRX:009540

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