Citibank

A Beginner's Guide to Citibank Home Loan

Retrieved on: 
Tuesday, December 12, 2023

If you are on the lookout for flexible mortgage options and loan packages, applying for a home loan with Citibank may be a suitable choice.

Key Points: 
  • If you are on the lookout for flexible mortgage options and loan packages, applying for a home loan with Citibank may be a suitable choice.
  • You can begin refinancing your home loan with Citibank by using the Citibank Mortgage Calculator .
  • With the mortgage loan interest offset feature, the deposits in the Cash Management Account will earn adjustments which will be used to offset the mortgage interest payable towards your outstanding mortgage loan amount.
  • If you are looking for home loan packages with attractive interest rates, Citibank Home Loans may be an ideal option.

Spend and Earn at the Same Time with Citi Plus Credit Card

Retrieved on: 
Monday, December 11, 2023

HONG KONG, Dec 12, 2023 - (ACN Newswire) - Amongst the plethora of credit card options available, it is necessary to choose a consumer-friendly credit card like the Citi Plus Credit Card, which offers endless opportunities for converting your spending into earnings.

Key Points: 
  • HONG KONG, Dec 12, 2023 - (ACN Newswire) - Amongst the plethora of credit card options available, it is necessary to choose a consumer-friendly credit card like the Citi Plus Credit Card, which offers endless opportunities for converting your spending into earnings.
  • Citi Plus Credit Card is designed to provide customers with a multitude of powerful features for a wholesome experience.
  • Here are some features of the Citi Plus Credit Card:
    - Earn 3X Points for online spending and gym memberships.
  • Here are some ways in which you can spend and earn from a Citi Plus Credit Card:
    - New Citi Plus Credit Card holders are given a sign-up offer of a 12% cash rebate up to a maximum of HK$1,200, capped at HK$400 per phase.

5 Reasons to Apply for a Citi Plus Account

Retrieved on: 
Thursday, December 7, 2023

Here are 5 reasons why opening a Citi Plus account can be beneficial to you:

Key Points: 
  • Here are 5 reasons why opening a Citi Plus account can be beneficial to you:
    Citi Plus Debit Mastercard: When you successfully open a Citi Plus account, you won't have to wait for long to get a Citi Plus Debit Mastercard, as it will be issued to you in about 5 business days.
  • Citi Plus Credit Card: Apply for a Citi Plus Credit Card and enjoy a broad spectrum of benefits, from online and fitness membership transactions to shopping and dining needs.
  • Apply for a Citi Plus account today and enjoy banking, investment and insurance services at your fingertips.
  • You may also consider opening a Citi Interest Booster account, and Currency Manager account to get the most out of your Citi Plus account.

Pave Bank Launches with $5.2M Funding Round for Programmable Money Revolution

Retrieved on: 
Sunday, December 17, 2023

Pave Bank launches a new programmable bank at the intersection of traditional finance and digital assets. Having secured a banking license, they have built the bank from the ground up catered to global businesses in the new economy.

Key Points: 
  • Singapore, Singapore--(Newsfile Corp. - December 17, 2023) - Launching today, Pave Bank is the world's first programmable bank giving businesses access to new technologies so they can bank more efficiently and access the new economy.
  • Salim Dhanani added: "There are two major trends that led us to create Pave Bank.
  • This shift is not a user experience shift, it is a change of the very nature of money and value, for which Pave Bank is built.
  • FT Partners was the exclusive financial and strategic advisor to Pave Bank on this transaction.

Stitch Fix Announces First Quarter of Fiscal Year 2024 Financial Results

Retrieved on: 
Tuesday, December 5, 2023

SAN FRANCISCO, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Stitch Fix, Inc. (NASDAQ:SFIX), the trusted online personal styling service, today announced its financial results for the first quarter of fiscal 2024, ended October 28, 2023.

Key Points: 
  • SAN FRANCISCO, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Stitch Fix, Inc. (NASDAQ:SFIX), the trusted online personal styling service, today announced its financial results for the first quarter of fiscal 2024, ended October 28, 2023.
  • Our financial outlook for our continuing operations for the second quarter of fiscal 2024 ending January 27, 2024 is as follows:
    Our fiscal year is a 52-week or 53-week period ending on the Saturday closest to July 31.
  • The fiscal year 2023 was a 52-week year and the fiscal year 2024 is a 53-week year, with the extra week occurring in the fourth quarter ending August 3, 2024.
  • Our financial outlook for our continuing operations for fiscal year 2024, which contemplates the 53-week period, is as follows:

H World Group Limited Announces Cash Dividend

Retrieved on: 
Wednesday, November 29, 2023

SHANGHAI, China, Nov. 29, 2023 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ: HTHT and HKEX: 1179) (“H World” or the “Company”), a leading and fast-growing hotel group, today announced that its board of directors (the “Board”) has approved the declaration and payment of a cash dividend (the “Cash Dividend”) of US$0.093 per ordinary share, or US$0.93 per American Depositary Share (the “ADS”).

Key Points: 
  • SHANGHAI, China, Nov. 29, 2023 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ: HTHT and HKEX: 1179) (“H World” or the “Company”), a leading and fast-growing hotel group, today announced that its board of directors (the “Board”) has approved the declaration and payment of a cash dividend (the “Cash Dividend”) of US$0.093 per ordinary share, or US$0.93 per American Depositary Share (the “ADS”).
  • The Cash Dividend is comprised of two tranches, including (i) an ordinary dividend of US$0.062 per ordinary share, or US$0.62 per ADS and (ii) a special dividend of US$0.031 per ordinary share, or US$0.31 per ADS.
  • Holders of the Company’s ordinary shares or ADSs as of the close of business on December 21, 2023 will be entitled to receive the Cash Dividend.
  • The aggregate amount of the Cash Dividend to be paid is approximately US$300 million, including (i) an ordinary dividend in the amount of approximately US$200 million; and (ii) a special dividend in the amount of approximately US$100 million.

Linklogis Was Recognized as Best Supply Chain Finance Technology Provider in China

Retrieved on: 
Friday, November 24, 2023

With cutting-edge technological capabilities, exceptional service experience, and longstanding impact on the market, Linklogis stood out in the selection and was awarded the “Best Supply Chain Finance Technology Provider China 2023”.

Key Points: 
  • With cutting-edge technological capabilities, exceptional service experience, and longstanding impact on the market, Linklogis stood out in the selection and was awarded the “Best Supply Chain Finance Technology Provider China 2023”.
  • Linklogis’ recognition as the the “Best Supply Chain Finance Technology Provider China 2023” by the 2023 Global Banking & Finance Awards showcases the industry-wide recognition of Linklogis’ achievements in the field of supply chain finance technology, as well as its leading position as a technology-driven market leader, excelling in both technological capabilities and operational services.
  • Linklogis was founded in Shenzhen in 2016 and was the first SaaS supply chain finance technology company in China that was successfully listed on the main board of the Hong Kong Stock Exchange in April 2021.
  • Besides, Linklogis is also the only supply chain finance technology company in China that has developed a complete global business layout.

Citi Appointed as Depositary Bank for ZKH Group Limited ADR Program

Retrieved on: 
Friday, December 22, 2023

Citi’s Issuer Services, acting through Citibank, N.A., has been appointed as the depositary bank by ZKH Group Limited (“ZKH”), a leading maintenance, repair and operations ("MRO") procurement service platform in China, to act as Depositary Bank for its American Depositary Receipt (“ADR”) program.

Key Points: 
  • Citi’s Issuer Services, acting through Citibank, N.A., has been appointed as the depositary bank by ZKH Group Limited (“ZKH”), a leading maintenance, repair and operations ("MRO") procurement service platform in China, to act as Depositary Bank for its American Depositary Receipt (“ADR”) program.
  • ZKH’s American Depositary Shares (“ADSs”) trade on the NYSE under the ticker “ZKH”.
  • “Citi is committed to providing ZKH and its investors with the highest quality ADR services, and our selection as depositary bank for the company’s ADR program underscores the depth and breadth of Citi’s cross-border capabilities,” said Dirk Jones, Global Head of Citi’s Issuer Services.
  • Citi is a leading provider of depositary receipt services.

VNET Announces the Completion of US$299 Million Strategic Investment from Shandong Hi-Speed Holdings Group Limited and the Repurchase Right Notification for 0.00% Convertible Senior Notes due 2026

Retrieved on: 
Thursday, December 28, 2023

Separately, the Company is notifying holders of its 0.00% Convertible Senior Notes due 2026 (CUSIP No.

Key Points: 
  • Separately, the Company is notifying holders of its 0.00% Convertible Senior Notes due 2026 (CUSIP No.
  • The Repurchase Right entitles each holder of the Notes to require the Company to repurchase all of such holder's Notes, or any portion thereof that is an integral multiple of the US$1,000 principal amount.
  • Holders of the Notes should refer to the Indenture for a complete description of repurchase procedures.
  • Materials filed with the SEC will be available electronically without charge at the SEC's website, http://www.sec.gov .

Harmonic Announces New $160 Million Credit Facility

Retrieved on: 
Thursday, December 21, 2023

SAN JOSE, Calif., Dec. 21, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it has entered into a new five-year, $160 million committed credit agreement (the "Credit Facility") with a lending syndicate led and arranged by Citibank, N.A., co-led by JPMorgan Chase Bank, N.A.

Key Points: 
  • SAN JOSE, Calif., Dec. 21, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced that it has entered into a new five-year, $160 million committed credit agreement (the "Credit Facility") with a lending syndicate led and arranged by Citibank, N.A., co-led by JPMorgan Chase Bank, N.A.
  • The Credit Facility replaces the Company's existing $25 million line of credit with JPMorgan Chase Bank, N.A.
  • The Credit Facility provides for a $120 million secured revolving loan facility, a $40 million secured delayed draw term loan facility, and an option, subject to certain conditions, to request $100 million or more in additional loan commitments under an accordion feature in the Credit Facility.
  • "The Credit Facility also affords us greater financial flexibility, including the ability to redeem our 2024 Convertible Notes and continue buybacks under our existing share repurchase program.