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GD Power Development's Total Power Output Rises 6.7% in Q2

GD Power Development's (SHA:600795) total power output rose 6.7% year over year to 112.9 billion kilowatt-hours in the second quarter, according to a Thursday filing with the Shanghai bourse.Grid-connected power grew 6.5% to 107.4 billion kWh.For the first half, total power output increased 6.3% to 218.9 billion kWh.Shares rose 2% during the midday break on Thursday.

SHA:600795

Asia1d ago

Sansiri Forms Three New Subsidiaries for Property Development

Real estate developer Sansiri (BKK:SIRI) formed three new wholly-owned subsidiaries named Sirinpak 18, Sirinpak 19, and Sirinpak 20 for property development, according to a Thursday filing to the Thai stock exchange.In each of the subsidiaries, the company will invest 50 million Thai baht divided into 500,000 ordinary shares with par value of 100 baht each.

BKK:SIRI

Asia1d ago

China's Consumer Goods Trade-In Policy Rakes In 1.1 Trillion Yuan of Sales in H1

China raked in 1.1 trillion yuan of sales from its consumer goods trade-in program in the first half, Xinhua News Agency reported Wednesday, citing the Ministry of Commerce.The number of automobile trade-ins reached 3.7 million, while home appliance transactions were at 63.3 million and digital and smart product purchases at 79.1 million, the report said.

Shanghai Composite^SZSE

Asia1d ago

Samsung EpiS Unit Signs Cancer Drug Development, Commercialization Deal with IntoCell

Samsung EpiS (KRX:0126Z0) said its unit, Samsung Bioepis, signed a development and commercialization deal with South Korean biotechnology company IntoCell for its cancer therapy candidate SBE303, targeting Nectin-4 protein-expressing solid tumors.The deal finalized on Wednesday is part of a joint research pact signed in December 2023 to discover up to five antibody-drug conjugate candidates, according to a same-day filing with the Korean Exchange.The new deal secures rights to SBE303, currently being evaluated in a global Phase 1 clinical trial targeting 149 patients, with financial terms of the agreement yet to be disclosed.The contract includes development milestone payments tied to clinical progress, regulatory approvals, commercialization milestones, and sales-based royalties.

KRX:0126Z0

Asia1d ago

Patronus Resources Reports Nearly AU$10 Million Decline in Cash Position for June Quarter

Patronus Resources (ASX:PTN) ended the June quarter with AU$65.1 million in cash and liquid assets, including AU$33.1 million in term deposits with a term of less than six months, according to a Thursday filing with the Australian bourse.The company closed the March quarter with AU$75 million in cash and liquid assets, a previous filing showed.During the June quarter, Patronus started an exploration program at its Pine Creek gold project in the Northern Territory, with assay results from the first hole confirming high-grade mineralization at depth.The company's shares gained 2% in recent Thursday trade.

ASX:PTN

Asia1d ago

Daqin Railway Chair Proposes Up to 500 Million Yuan Share Buyback

Daqin Railway (SHA:601006) Chair Lu Yong proposed a share repurchase plan of between 400 million yuan and 500 million yuan.The repurchase price will not exceed 150% of the 30-day average trading price prior to board approval, according to a Thursday filing with the Shanghai bourse.Shares of the railway operator rose 1% in recent trade.

SHA:601006

Asia1d ago

Osotspa Names New Group CFO

Osotspa (BKK:OSP) named Chamaiporn Viriyaphusit as its new group chief financial officer, effective Aug. 15, according to a Wednesday filing with the Thailand Exchange.Viriyaphusit will succeed Ratiporn Ratcharoen, who will relinquish the role on the same day, the energy drink and personal care products maker said.

BKK:OSP

Asia1d ago

OCR Group to Acquire Stake in Chester Properties for MYR20 Million

OCR Group (KLSE:OCR) signed a conditional sale agreement with Howard Chew Si Hoo to acquire a 49% stake in Chester Properties for 19.6 million ringgit, according to a Wednesday Malaysia Bourse filing.The consideration will be satisfied entirely through the issuance of 478 million shares at 0.041 ringgit per share.Chester Properties has 11 branches across Malaysia and has been engaged in the marketing of more than 32 property development projects.

KLSE:OCR

Asia1d ago

Taiwan's Fair Trade Commission Extends Review Deadline for Grab-Foodpanda Deal

Taiwan's Fair Trade Commission on Wednesday extended its review of Grab's proposed acquisition of Delivery Hero SE's Foodpanda business in Taiwan by 60 days to Oct. 27, according to an official notification.The regulator said market structure remains a "dual-ownership" situation after the merger of Grab and FPx, with Uber holding 13% of Grab's shares and 3.7% of its voting rights.Therefore, given the "shareholding linkage" between the two companies, it was necessary to further analyze the impact of the merger on market competition in Taiwan, as it may affect the incentive and ability of UberEats and Grab to compete, it said.It may result in a "unilateral or synergistic effect similar to a horizontal merger," the commission added.

Taiwan Weighted

US Markets1d ago

EU Raises Preliminary Concerns Over JD.com's $2.5 Billion Ceconomy Acquisition

The European Commission has notified JD.com (HKG:9618) of its preliminary objections over the Chinese e-commerce company's proposed $2.5 billion acquisition of German electronics retailer Ceconomy."The issuing of a statement of grounds is a formal step in an investigation under ⁠the Foreign Subsidies Regulation where the Commission informs the companies concerned ⁠in writing of the objections raised against them," ⁠the statement said.The Commission opened an in-depth investigation in May to assess whether JD.com had received foreign subsidies that could distort competition in the EU's internal market.It said it has concerns that JD.com may have benefited from preferential financing, tax incentives and grants attributable to the Chinese government.The Commission said those subsidies could strengthen the merged company's competitive position and negatively affect competition in the bloc after the transaction.JD.com announced the all-cash takeover offer for Ceconomy in July 2025, offering 4.60 euros per share.The deal aims to combine JD.com's e-commerce, logistics and technology capabilities with Ceconomy's consumer electronics retail business, which operates more than 1,000 MediaMarkt and Saturn stores across 11 European countries.Under the investment agreement, Ceconomy would continue operating as a standalone business in Europe with its existing workforce, employee agreements and sites.The European Commission's provisional deadline to complete its review is Oct. 2.

HKG:9618HKG:9988

Asia1d ago

Laramide Resources Says Updated Assessment for Queensland Uranium Project Shows 'Strong' Economics

Laramide Resources (ASX:LAM) said an updated preliminary economic assessment for its Westmoreland uranium project in Queensland indicates "strong" project economics with a post-tax net present value of $741.1 million and an internal rate of return of 33%, according to a Thursday filing with the Australian bourse.The assessment also shows average annual production of about 4.9 million pounds of triuranium octoxide and total production of about 47.9 million pounds over an initial mine life of 11 years, per the filing.The company said the assessment pegged the initial capital cost at about $456 million, plus a contingency of $84 million, with an estimated payback period of roughly 2.5 years.The updated study incorporates a decade of technical advancement and replaces a previous assessment from 2016."Significantly, this study positions Westmoreland for the next stage of development," said Rhys Davies, Laramide Resources' vice president of exploration. "The company is prepared to lodge a mining lease application as soon as permitted by the Queensland government."

ASX:LAM

Asia1d ago

China SOEs Boost H1 R&D Spending by 3.8%

China's central state-owned enterprises increased research and development investment by 3.8% year on year in the first half, state media Xinhua News reported Wednesday.SOEs' total profits reached 1.4 trillion yuan, with fixed-asset investment rising 4.5%.

Shanghai Composite^SZSE

Asia1d ago

Cathay Financial Unit Transfers $14 Million of Performing Syndicated Loan Assets

Cathay Financial's (TPE:2882) banking unit, Cathay United Bank, transferred performing syndicated loan assets valued at $14.3 million, according to a Wednesday Taiwan Exchange filing.The assets were transferred to a group of financial institutions, including Taichung Commercial Bank (TPE:2812), KfW IPEX-Bank, Hua Nan Commercial Bank, Bank of China (Hong Kong), Mega International Commercial Bank, Taiwan Cooperative Bank and other lenders.The transfer is intended to manage the bank's syndicated loan assets, it said.

TPE:2812TPE:2882

Asia1d ago

Thai Nondestructive Testing to Form Two New Subsidiaries

Thai Nondestructive Testing has received board approval to establish two new subsidiaries tentatively named NDT Company and E-Beam Company, according to a Wednesday filing to the Thai stock exchange.NDT will be formed as a wholly-owned subsidiary to procure personnel for testing and inspection services. Meanwhile, E-Beam will also be a wholly owned subsidiary focused on providing sterilization irradiation services.Both new companies will be formed within September and will support the company's service business and generate stable revenue.

BKK:TNDT

Asia1d ago

Alpha Integrated REIT's DPU Jumps 19% in H1

Alpha Integrated Real Estate Investment Trust's distribution per unit, or DPU, climbed 19% in the first half of 2026 to SG$0.0203 from SG$0.0170 a year earlier, according to a Thursday filing with the Singapore Exchange.Total distribution to unitholders rose 19% to SG$22.8 million from SG$19.1 million in the year-ago period.Net property income increased 11% to SG$37.2 million from SG$33.5 million a year earlier.Gross revenue rose 5.2% year over year to SG$62.4 million from SG$59.3 million, supported by a 95% committed occupancy rate and a positive rental reversion of 11%, the REIT said.

SGX:M1GU

Asia1d ago

GF Securities to List 6 Billion Yuan Bonds

GF Securities (SHE:000776, HKG:1776) plans to list two series of bonds totalling 6 billion yuan on the Shenzhen Stock Exchange, according to a Wednesday bourse disclosure.The securities company's Hong Kong shares rose 3% during Thursday's morning trade.The first series comprises fixed-rate bonds totaling 4.20 billion yuan, carrying a 1.50% coupon rate and a 287-day term, maturing on April 29, 2027.The second series consists of fixed-rate bonds totaling 1.80 billion yuan, with a 1.51% coupon rate and a 357-day term, maturing on July 8, 2027.

HKG:1776SHE:000776

Treasury1d ago

Great Wall Motor Convertible Bond Triggers Put Option

Great Wall Motor (SHA:601633) said the conditional put option for its GWM convertible bond has been triggered after the company's shares traded below 70% of the conversion price for 30 consecutive sessions through July 22.The put price is 100.27 yuan per bond, according to a Wednesday filing with the Shanghai bourse. The put period runs from July 30 to Aug. 5, with payment on Aug. 10.Shares of the automaker rose 1% in recent trade.

SHA:601633

Asia1d ago

Update: Sandfire Resources Reports Higher Fiscal Q4 Copper Equivalent Production; Shares Up 5%

(Updates to add stock movement in the headline and the last paragraph)Sandfire Resources (ASX:SFR) reported fiscal fourth-quarter copper-equivalent production of 47,600 tonnes, up from 41,800 tonnes a year earlier, according to a Thursday filing with the Australian bourse.The company expects fiscal 2027 copper-equivalent production to range between 150,000 and 166,000 tonnes, the filing added.The company's shares rose around 5% in recent Thursday trade.

ASX:SFR

Asia1d ago

CSPC Pharma Starts Phase 2 Trial of HPV Therapeutic Vaccine in China

CSPC Pharmaceutical Group (HKG:1093) initiated a Phase 2 clinical trial in China for its SYS6026 Injection to treat HPV type 16- or 18-related cervical high-grade squamous intraepithelial lesions, according to a Wednesday Hong Kong bourse filing.SYS6026 is an investigational therapeutic mRNA vaccine targeting the E6 and E7 protein antigens of HPV types 16 and 18.The company said the vaccine is designed to stimulate an immune response that eliminates HPV-infected or tumor cells expressing the target antigens.

HKG:1093

US Markets1d ago

Nestlé India's Fiscal First-Quarter Profit Surges 48% on Strong Demand

Nestlé India's (NSE:NESTLEIND, BOM:500790) profit jumped 48% during the first quarter of the fiscal year 2026-2027, with sales remaining solid despite the global supply chain being partially affected as a result of geopolitical tensions.Profit rose to 9.75 billion rupees from 6.59 billion rupees in the previous year, according to a Wednesday earnings release from the confectionery product maker.Earnings per share climbed year over year to 5.06 yuan from 3.42 yuan.Revenue increased to 63.8 billion rupees from nearly 51 billion rupees a year earlier.Total sales grew 25%, while exports jumped 36% from the previous year.Nestlé India's chairman and managing director, Manish Tiwary, said all four product groups - beverages, prepared dishes, milk products, and pet food - recorded double-digit growth. The company's chocolate brand KitKat continued to gain market share, while the Nescafé franchise expanded its reach due to increased coffee penetration and other factors."Even as we delivered strong business performance, we remained focused on building the capabilities, partnerships and value chains that strengthen our business for the long term," Tiwary said.Analysts from Jefferies noted that Nestlé India delivered a strong performance partly due to broader industry trends. However, the El Niño weather phenomenon may affect base ingredient prices as it brings lower crop estimates."Coffee prices are expected to remain soft, supported by higher output from Brazil or Vietnam although near-term volatility may persist. Cocoa & sugar prices remain under pressure due to erratic rainfall & lower crop estimates," Jefferies analysts said."Edible oil prices are elevated but stable. Wheat & milk are expected to remain range-bound, while protein complex continues to face inflationary pressure due to higher demand."

BOM:500790NSE:NESTLEIND

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