Another deal! Hengrui Pharma partners with BMS in strategic collaboration with a potential transaction value of $15.2 billion | Flash Report
① Hengrui and BMS have signed an agreement to jointly advance 13 early-stage projects covering oncology, hematology, and immunology; ② BMS will pay an upfront fee of $600 million and an anniversary payment of $350 million, with milestone payments reaching approximately $15.2 billion. Hengrui is also entitled to receive sales royalties; ③ This represents a two-way licensing collaboration, with Hengrui obtaining the rights to four of BMS's immunology projects in China. The agreement is expected to close in the third quarter of 2026.
Little K Morning Report | Tencent Co-invests in Step's $2.5 Billion Financing; OpenAI Invests Over $4 Billion to Establish New Division
① Investor Michael Burry warned that the Nasdaq 100 Index may experience a significant decline; ② Guangzhou: Supporting the research and development of potential blockbuster smart hardware products such as AI glasses; ③ BeiGene: Net profit for the first quarter was 1.608 billion yuan.
STAR Market Daily: SMIC's $40.6 billion acquisition approved; MicroSpace STAR Market IPO application accepted.
①South Asia New Material plans to raise no more than 900 million yuan for its AI computing power high-end high-frequency and high-speed copper clad laminate project; ②Guoyi Quantum's STAR Market IPO has been approved; ③Tebao Bio plans to repurchase shares worth between 300 million yuan and 500 million yuan; ④BeiGene reported a net profit of 1.608 billion yuan in the first quarter, reversing a year-on-year loss to profitability.
SK Hynix pre-IPO shareholders hold 5 million shares! A 27-billion-yuan memory chip concept stock issues an unusual movement announcement | Post-market announcements highlights
Beijing-Shanghai High-Speed Railway: The published ticket prices for some EMU trains on the Beijing-Shanghai high-speed line and the Hefei-Bengbu high-speed line will increase by 20%.
The fiber optic concept stock with two consecutive trading limits issued a volatility announcement. Hainan Corning is only the company’s optical rod supplier, and there are no other cooperation models. | Post-market announcements digest.
Hanbang High-Tech: Subsidiary signs a contract worth 2.783 billion yuan for the procurement of high-performance GPU equipment and integrated maintenance services.
How are Middle Eastern funds increasing their holdings in A-shares? The Abu Dhabi Investment Authority appears among the top ten tradable shareholders of 66 stocks.
① In the first quarter, Middle Eastern sovereign wealth funds appeared in 77 shareholding records among the top ten tradable shareholders of A-share companies, with a total market value of holdings reaching 21.762 billion yuan; ② The Abu Dhabi Investment Authority significantly expanded its holdings, appearing in the top ten shareholders of 66 stocks in the first quarter, and newly entering 49 stocks including Zijin Mining and Luxshare Precision Industry; ③ The Kuwait Investment Authority scaled back its holdings, exiting some previous positions while newly entering individual stocks such as Sailun Tire and Yinlun Shares.