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CR Double-Crane Pharma Plans to Buy Stake in Lier Chemical; Shares Down 4%

China Resources Double-Crane Pharmaceutical (SHA:600062) plans to acquire 23.5% of Lier Chemical for an aggregate consideration of 5.66 billion yuan, according to a Shanghai bourse filing on Thursday.About 20% and 3.5% of the herbicide maker will be bought from Jiuyuan Group and Huacai Technology, respectively.The pharmaceutical company's shares dropped 4% during the morning trade.

SHA:600062

Asia16d ago

MGM China's Revenue Edges Lower in Q2

MGM China (HKG:2282) posted second-quarter revenue of $1.10 billion, down from $1.11 billion a year earlier.Adjusted EBITDAR declined to $256.7 million from $301.3 million, according to a Thursday Hong Kong bourse filing.For the first half, revenue increased to $2.22 billion from $2.14 billion, while adjusted EBITDAR decreased to $530.2 million from $586.9 million.

HKG:2282

Asia16d ago

Sunway Healthcare Unit to Buy Land Parcels Worth MYR45 Million

Sunway Healthcare (KLSE:SUNMED) unit Sunway Medical Center, has agreed to acquire four freehold land parcels in Johor, Malaysia, for 45.4 million ringgit, according to a Wednesday Malaysian bourse filing.The 9.918-acre site is earmarked for the development of a 410-bed hospital with an estimated total development cost of about 781.6 million ringgit.The acquisition replaces an earlier 2024 agreement for a leasehold parcel, which was terminated upon execution of the new sale and purchase agreement.The acquisition, which will be funded through internal funds and/or bank borrowings, is expected to be completed by the second quarter of 2027, subject to the fulfilment of conditions precedent.

KLSE:SUNMED

Asia16d ago

EBR Systems Advances Cardiac Pacing Device Rollout With 46 Commercial Implants in Q2

EBR Systems (ASX:EBR) reported 46 commercial implants of its WiSE cardiac pacing device for heart failure in the second quarter, bringing total implants across the pilot phase and limited market release to 117, according to a Thursday filing with the Australian bourse.The company said it signed an additional 17 purchasing contracts during the quarter, taking overall purchasing contracts signed to 52.It added that 90 physicians at 30 sites are now trained to implant the WiSE system, with 26 of them trained during the second quarter.Additionally, EBR Systems expects second-quarter revenue in the range of $2.5 million to $2.6 million. It sees "encouraging numbers" of patients being identified and scheduled for WiSE implants in the second half of the year.

ASX:EBR

Asia16d ago

Guolian Securities Gets Full Ownership of Minsheng Securities

Guolian Securities (SHA:601456) on Wednesday acquired the remaining 0.02% stake of Minsheng Securities held by Oceanwide Holdings for 5.1 million yuan.This will raise the company's ownership of Minsheng Securities to 100% from 99.98%, according to a Wednesday aftermarket filing with the Shanghai bourse.

SHA:601456

Asia16d ago

CapitaLand Investment Unit Signs Nine Vietnam Properties in H1

CapitaLand Investment's (SGX:9CI) business unit, The Ascott, signed management agreements for nine properties in Vietnam for more than 3,200 units, during the first half of the year, according to a Thursday filing with the Singapore Exchange.The signings expand the Vietnam portfolio by more than 30% to about 12,000 units across 42 operational and pipeline properties across 14 cities.

SGX:9CI

Asia16d ago

ACCC Grants Australian Banks Further Interim Authorization for Proposed Joint Venture for Commercial Cash Supply

The Australian Competition and Consumer Commission (ACCC) said Thursday it granted further interim authorization to Australia and New Zealand Banking Group (ASX:ANZ, NZE:ANZ), Commonwealth Bank of Australia (ASX:CBA), National Australia Bank (ASX:NAB), National Australia Investment Capital, and Westpac Banking (ASX:WBC, NZE:WBC) to take further steps towards a proposed joint venture to deal with the supply of commercial cash in Australia.The further interim authorization authorizes the banks to agree and enter into, but not give effect to, various agreements, the regulator said. The authorization begins immediately and may be reviewed at any time.The banks sought authorization to establish a single joint cash pool and bailment structure via an incorporated operating entity for the supply of commercial cash in Australia. Under the proposal, each applicant would acquire a 25% shareholding in the entity and a 25% interest in the cash pool. The ACCC determined that the acquisitions may be put into effect on June 26.

ASX:ANZASX:CBAASX:NABASX:WBCNZE:ANZNZE:WBC

Asia16d ago

Posco Future Posts Net Income in Q2; Shares Rise 8%

Posco Future M (KRX:003670) posted net income attributable to owners of the parent of 23.14 billion won in the second quarter, swinging from a net loss of 35.56 billion won a year earlier.Sales increased 2.8% to 679.46 billion won from 660.94 billion won for the three months ended June 30.Shares of the battery material and chemical company rose about 8% in recent trade.

KRX:003670

Asia16d ago

HashKey Unit Eyes Acquisition of Singapore-Based Exchange Operator

HashKey's (HKG:3887) wholly owned subsidiary, HKDAG (Singapore), has signed a non-binding framework agreement for the potential acquisition of Singapore-based exchange operator Asia Pacific Exchange, according to a Wednesday Hong Kong bourse filing.The subsidiary will conduct legal, financial and business due diligence before deciding whether to proceed with the acquisition.Any transaction will remain subject to regulatory and corporate approvals, including approval from the Monetary Authority of Singapore, and the execution of definitive agreements.HashKey posted that Asia Pacific Exchange operates an approved exchange in Singapore, while its subsidiary, Asia Pacific Clear, holds an approved clearing house license.HashKey added that the consideration, payment arrangement, and other key terms have yet to be determined, and cautioned that the proposed acquisition may or may not proceed.

HKG:3887

Asia16d ago

Qyuns Therapeutics Partner Caldera to Merge with Synlogic

Qyuns Therapeutics (HKG:2509) said its partner, Caldera Therapeutics, has agreed to merge with Synlogic in an all-stock transaction, according to a Wednesday Hong Kong bourse filing.The combined company is expected to list on the Nasdaq Capital Market under the ticker "CALD."The deal is backed by a $278 million concurrent private placement to fund the development of QX030N/CLD-423 for ulcerative colitis, Crohn's disease and other immune-mediated diseases.Qyuns said it licensed global development and commercialization rights for QX030N/CLD-423 to Caldera in 2025 and currently holds about an 11.48% stake in the company.The merger is expected to close by early 2027, subject to shareholder, regulatory and other customary approvals.

HKG:2509

Asia16d ago

Alliance Bank Malaysia Books MYR827 Million in Fiscal 2026 Net Profit

Alliance Bank Malaysia (KLSE:ABMB) booked a record net profit after tax of 826.5 million ringgit for the fiscal year ended March 31, up 10% year over year, according to a Wednesday filing with the Malaysian Exchange.Net income rose 8.6% to 2.47 billion ringgit, backed by net interest income of 2.01 billion ringgit and a 42% surge in non-interest income to 459.2 million ringgit.Additionally, RAM Ratings upgraded the financial institution ratings of Alliance Bank and Alliance Islamic Bank to AA3/Stable/P1.

KLSE:ABMB

Asia16d ago

XCMG Construction Machinery New Energy Factory in Indonesia

XCMG Construction Machinery (SHE:000425) on July 27 officially began production at its new energy manufacturing base in North Maluku Province, Indonesia.The first batch of new energy equipment rolled off the production line and was delivered to strategic partner Tsingshan Holding Group, according to a Wednesday company filing.

SHE:000425

Asia16d ago

LG Energy Solution Swings to Loss in Q2, Revenue Jumps; Shares Rise 6%

LG Energy Solution (KRX:373220) swung to a net loss of 328.6 billion won in the second quarter from a net income of 90.6 billion won in the year-ago period, according to a regulatory filing on Thursday.Sales rose 25% to 7.56 trillion won in the June quarter from 6.06 trillion won a year earlier, which included a 241 billion won North America production incentive, and rose quarter-on-quarter, supported by higher energy storage system (ESS) shipments.Shares of LG Energy Solution added nearly 6% in recent trade.

KRX:373220

Asia16d ago

Leadmicro Nano-Equipment to Pay Interest on 1.2 Billion Yuan Convertible Bond

Jiangsu Leadmicro Nano-Equipment Technology (SHA:688147) will pay the first annual interest for its 1.17 billion yuan convertible bonds issued in August 2025, according to a Thursday disclosure to the Shanghai Stock Exchange.The company will distribute an interest payment of 0.20 yuan on Aug. 6, for every bond held.The six-year convertible bonds feature a coupon rate of 0.20% in its first year, rising up to 2% in the sixth year.Leadmicro manufactures high-end micro-nano equipment for semiconductors. Its shares plunged 14% in recent trade.

SHA:688147

Asia16d ago

Australian Banks Investing in Technology to Address Mortgage Offset Account Failures, Banking Association Chief Says

Australian banks are taking measures to ensure the proper functioning of mortgage offset accounts, including investments in new technology platforms, Australian Banking Association CEO Simon Birmingham said on Wednesday.Birmingham's comments to the media followed an Australian Securities and Investments Commission (ASIC) report that found major banks failed to properly manage offset accounts in the two years through August 2025.During that period, banks paid more than AU$55 million in customer compensation for offset account failures, the ASIC said after reviewing the offset practices of eight banks, including Westpac Banking (ASX:WBC, NZE:WBC), ANZ Group Holdings (ASX:ANZ, NZE:ANZ), Commonwealth Bank of Australia (ASX:CBA), Macquarie Group (ASX:MQG), AMP's (ASX:AMP) AMP Bank, Credit Union Australia, HSBC Bank Australia, and ING Bank (Australia)."This report shows that in well over 99% of cases, mortgage offset accounts are working exactly [as] they should be, but it does demonstrate there are some failures," Birmingham said."It's a very small proportion of mistakes that have happened, and what ASIC's report shows is it's often due to manual system processes in isolated cases, or communications failures in some cases," Birmingham added.

ASX:AMPASX:ANZASX:CBAASX:MQGASX:WBCNZE:ANZNZE:WBC

Asia16d ago

Jiangsu Etern Secures Two Major Laser Chip Orders

Jiangsu Etern (SHA:600105) controlling subsidiary Suzhou Dingxin Optoelectronics Technology has secured major purchase orders for high-power laser chip products, according to a Thursday filing with the Shanghai bourse.Two undisclosed customers placed orders of 542 million yuan and about 591 million yuan, with performance periods extending through December 2027 and January 2028, respectively.Shares of the telecommunication cable and wire manufacturer rose 4% in recent trade.

SHA:600105

Asia16d ago

Hongfa Technology's H1 Profit Rises 20%, Revenue Jumps 32%

Hongfa Technology's (SHA:600885) net profit attributable to shareholders for the first half rose 20% to 1.16 billion yuan from 964.2 million yuan a year earlier, according to a Thursday filing on the Shanghai bourse.Earnings per share climbed 16% year on year to 0.75 yuan from 0.64 yuan.Operating revenue jumped 32% to 11 billion yuan from 8.35 billion yuan in the previous year.The circuit breaker manufacturer's shares fell nearly 3% during the morning trade on Thursday.

SHA:600885

Asia16d ago

Victory Metals Says Analysis Showed Secondary Rare Earth Phosphate Groups at Western Australia Project

Victory Metals (ASX:VTM) said the Tescan integrated mineral analyzer characterization of mineral concentrate produced from its North Stanmore heavy rare earth project in Western Australia classified 5.9 mass percent of the analyzed concentrate as secondary rare earth phosphate groups, according to a Thursday Australian bourse filing.Indicative deportment results showed that these secondary phosphate groups hosted the heavy rare earth elements dysprosium and terbium, as well as the magnet rare earth elements neodymium and praseodymium.The study was carried out by ALS Metallurgy on a mineral concentrate produced using a composite of 33 samples from 18 drill hole locations, the company said.

ASX:VTM

Asia16d ago

Wee Hur Forms JV to Redevelop Kowloon Building into Student Accommodation

Wee Hur's (SGX:E3B) subsidiary, Wee Hur (Hong Kong), formed a joint venture with WM (Hong Kong) to establish Wee Hur Bedford, according to a Wednesday filing with the Singapore Exchange.Wee Hur Bedford, a special purpose vehicle, will be owned 90% by Wee Hur and 10% by WM, the filing stated.The SPV holds the entire issued share capital of Wee Hur Belmont, the vehicle through which the JV will own, redevelop and manage One Bedford Place, a Grade A commercial building in Kowloon, Hong Kong, converting it into purpose-built student accommodation.

SGX:E3B

Asia16d ago

CDL Hospitality Trusts DPS Rises 8.6% in H1

CDL Hospitality Trusts (SGX:J85) distribution per stapled security jumped 8.6% in the first half of the year to SG$0.0215 from SG$0.0198 a year earlier, according to a Thursday filing with the Singapore Exchange.Total distribution to stapled securityholders rose by 9.7% to SG$27.5 million from SG$25.1 million in the prior period.Net property income came in at SG$59.7 million from SG$58.6 million in the year-ago period.Revenue edged up 1.4% year over year to SG$126.9 million from SG$125.1 million.

SGX:J85

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