-- ARN Media's (ASX:A1N) remuneration report received a first strike at its annual general meeting, with more than 90% shareholders voting against the executive pay resolution, according to a Thursday Australian bourse filing.
The first strike implies that more than 25% shareholders have voted against a resolution, and if the resolution receives a second such strike, it automatically triggers a spill resolution, leading to a full board re-election subject to shareholder approval.
Humanwell Healthcare (SHA:600079) unit obtained China's regulatory approval to begin clinical trials for RFUS-188 to treat acute pain, according to a Thursday filing with the Shanghai bourse.The drug targets peripheral kappa opioid receptors without crossing the blood-brain barrier, potentially eliminating the addiction, respiratory depression and other severe side effects of traditional opioidsShares of the pharmaceutical company declined 1% in recent trade.
A Tibet Huayu Mining (SHA:601020) shareholder plans to reduce part of its holdings to meet its own business development needs, according to a Shanghai bourse filing on Thursday.Qinghai Western Rare Precious Metals will offload 8,200,000 shares, or around 1% of the mining company's total shares, between May 29 and Aug. 28.Qinghai Western Rare Precious Metals currently owns 72,336,364 shares, or 8.8% of the company's total shares.
Taiwan Mask (TPE:2338) board approved a plan to privately place up to 20 million shares in one to three tranches within a year, according to a filing with the Taiwan Exchange on Wednesday.Shares of the photomask manufacturer jumped about 10% in Thursday's midday trade.Proceeds from the offering are earmarked for working capital, factory expansion, machinery and equipment procurement, debt repayment, and other long-term development needs.Potential subscribers may include insider and related parties such as Luminous Rise Investment, TrueLight Corp., Star Fusion Group, and ALi Corp. (TPE:3041), although no final placees have been selected, it said.