ST Meichen announced a property owned by subsidiary Hangzhou Saishi Garden Group was sold at a judicial auction by the People's Court of Yuhang District, Hangzhou, on May 27, 2026, following a financial loan dispute. The highest bid was 11.102 million yuan. The sale remains subject to the court's auction confirmation. Company says the disposal should help the subsidiary unlock assets and mitigate debt risk; the precise financial impact will be determined by audit.

2026-05-28

ST Meichen announced a property owned by subsidiary Hangzhou Saishi Garden Group was sold at a judicial auction by the People's Court of Yuhang District, Hangzhou, on May 27, 2026, following a financial loan dispute. The highest bid was 11.102 million yuan. The sale remains subject to the court's auction confirmation. Company says the disposal should help the subsidiary unlock assets and mitigate debt risk; the precise financial impact will be determined by audit.

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2026-05-28

South Korea's antitrust regulator will establish a new investigation unit focused on platform firms and large chaebol, effectively restoring functions similar to its former investigative bureau that was abolished 21 years ago, the Fair Trade Commission (FTC) said. FTC Chair Ju Biung-ghi said that as platform-related cases become more complex, the current system of investigating and penalizing different parts of large cases separately may underestimate the overall severity. He added that oversigh

2026-05-28

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