Key corporate developments have been reported across the Hong Kong market.
Genting New Energy Ltd (HKEX: 01952) has secured an exclusive license from Dimerix for the development and commercialization of DMX-200 in Greater China, South Korea, and several Southeast Asian countries.
Andre Juice Co., Ltd. (HKEX: 02218) intends to acquire partial equity stakes in the shareholders of Yongqiang Technology.
A controlled subsidiary of Fosun Pharma (HKEX: 02196), Fosun Antigen, plans to increase capital and expand its shareholding. Additionally, the new drug registration application for an additional indication of Luvomeitin Tablets has received approval.
Harbour BioMed-B (HKEX: 02142) has initiated a co-construction of MEGASTREAM TECHBIO with Baitu Shengke, aiming to jointly build a globally competitive AI R&D ecosystem.
CRRC Corp Ltd (HKEX: 01766) announced that CRRC Capital, Huayu Zhengdao, and other investors have jointly established the Huayu Guoke Zhanxin (Suzhou) Venture Capital Fund Partnership.
The controlling stake of Pujiang China Holdings Ltd (HKEX: 01417) has changed hands, with Sun Taoyong, Chairman of the Board of Weimob Group (HKEX: 02013), making a cash offer at an approximate 72.25% discount.
Knowledge Atlas (HKEX: 02513) has launched its latest flagship model, GLM-5.2, featuring a 1 million token context length.
Xunce (HKEX: 03317) has entered into separate strategic cooperation agreements with Moore Threads, Tianshu Zhixin, and Biren Technology to accelerate the application of computing power in vertical scenarios.
MMG (HKEX: 01208) plans to raise approximately HKD 6.253 billion net through a share placement at an around 8.8% discount and issue USD 800 million principal in convertible bonds.
Turning to financial results, several companies have released their latest operational data.
AIR CHINA (HKEX: 00753) reported a 2.7% year-on-year decrease in passenger traffic for May.
CHINA EAST AIR (HKEX: 00670) saw its passenger traffic for May decline by 3.63% compared to the same period last year.
China Southern Airlines Co., Ltd. (HKEX: 01055) experienced a 4.20% year-on-year drop in passenger traffic for May.
UJU Holding Ltd (HKEX: 01948) reported that the total billings generated by its online marketing solutions business in the first quarter were approximately RMB 41.035 billion, representing an increase of about 24% year-on-year.
China Coal Energy Company Limited (HKEX: 01898) disclosed that its commercial coal sales volume for the first five months was 98.31 million tonnes, down 8.1% year-on-year.
Fairwood Holdings Ltd (HKEX: 00341) announced its annual results, with profit attributable to shareholders amounting to HKD 164 million, a decrease of 29.5% compared to the previous year.