Hong Kong Stock Exchange

MICT Completes Acquisition of Operating Business and Assets of Tingo, Inc.

Retrieved on: 
Thursday, December 1, 2022

MONTVALE, NJ, Dec. 01, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT) (“MICT”) has today completed the previously announced acquisition of 100% of the operating business and assets of Tingo, Inc. (“Tingo”) (OTC:TMNA), via its purchase of Tingo Mobile Limited (“Tingo Mobile”). As the consideration for the acquisition, MICT is issuing 19.9% of its common stock to Tingo, together with Series A Preferred Stock and Series B Preferred Stock, each of which are convertible into shares of MICT’s common stock upon certain conditions being satisfied.

Key Points: 
  • The completion of this acquisition markedly strengthens our balance sheet and makes us immediately significantly profitable.
  • The Board believes that this acquisition provides MICT with the opportunity to become a highly profitable global fintech powerhouse.
  • I remain very excited about the abundance of opportunities we have for Tingo Mobile and MICT, both in our immediate and long-term future.
  • MICT intends to file with the SEC a preliminary proxy statement of MICT in connection with Business Combination.

MICT Completes Acquisition of Operating Business and Assets of Tingo, Inc.

Retrieved on: 
Thursday, December 1, 2022

MONTVALE, NJ, Dec. 01, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT) (“MICT”) has today completed the previously announced acquisition of 100% of the operating business and assets of Tingo, Inc. (“Tingo”) (OTC:TMNA), via its purchase of Tingo Mobile Limited (“Tingo Mobile”). As the consideration for the acquisition, MICT is issuing 19.9% of its common stock to Tingo, together with Series A Preferred Stock and Series B Preferred Stock, each of which are convertible into shares of MICT’s common stock upon certain conditions being satisfied.

Key Points: 
  • The completion of this acquisition markedly strengthens our balance sheet and makes us immediately significantly profitable.
  • The Board believes that this acquisition provides MICT with the opportunity to become a highly profitable global fintech powerhouse.
  • I remain very excited about the abundance of opportunities we have for Tingo Mobile and MICT, both in our immediate and long-term future.
  • MICT intends to file with the SEC a preliminary proxy statement of MICT in connection with Business Combination.

FIRST-EVER FILMED FOR IMAX CONCERT, "INDOCHINE CENTRAL TOUR IN CINEMA", SCORES $2.23 MILLION ACROSS FRANCE AND SELECT MARKETS

Retrieved on: 
Thursday, December 1, 2022

NEW YORK and LEON, France, Dec. 1, 2022 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) and PATHE LIVE brought French pop-rock band INDOCHINE to IMAX screens last week. After IMAX exclusive previews on Wednesday 23rd November, CENTRAL TOUR - the first recorded music event to be released through the Filmed for IMAX program – topped the French box office in wide release on Thursday, November 24 (surpassing Disney/Marvel's Black Panther: Wakanda Forever on that day). Continuing with IMAX-exclusive encores throughout the weekend, the concert film was also the top new opener this past weekend in the market.

Key Points: 
  • NEW YORK and LEON, France, Dec. 1, 2022 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) and PATHE LIVE brought French pop-rock band INDOCHINE to IMAX screens last week.
  • In France alone, 120,000 tickets were sold for an overall Box-office total of $2.08M.
  • Previews were held the night before at those 16 IMAX screens, which then continued for 5 days of exclusive encore screenings.
  • IMAX, IMAX Dome, IMAX 3D, IMAX 3D Dome, Experience It In IMAX, The IMAX Experience, An IMAX Experience, An IMAX 3D Experience, IMAX DMR, DMR, Filmed For IMAX, IMAX LIVE, IMAX Enhanced, IMAX nXos, SSIMWAVE and Films to the Fullest, are trademarks and trade names of the Company or its subsidiaries that are registered or otherwise protected under laws of various jurisdictions.

DL Holdings Announces 2022 Interim Results

Retrieved on: 
Thursday, December 1, 2022

HONG KONG, Nov. 30, 2022 /PRNewswire/ -- DL Holdings Group Limited ("DL Holdings" or the "Company" and its subsidiaries (together, the "Group"), Stock Code: 1709.HK) is pleased to announce its unaudited consolidated interim results for the six months ended 30 September 2022 (the "1H FY2022").

Key Points: 
  • HONG KONG, Nov. 30, 2022 /PRNewswire/ --DL Holdings Group Limited ("DL Holdings" or the "Company" and its subsidiaries (together, the "Group"), Stock Code: 1709.HK) is pleased to announce its unaudited consolidated interim results for the six months ended 30 September 2022 (the "1H FY2022").
  • It will facilitate DL Holdings' wealth management and impact investment pipeline in Singapore and North American markets, and expand its asset management scale and business scope.
  • DL Holdings (1709.HK) also holds a Singapore RFMC fund license, a Cayman Islands SIBL fund license and owns more than 18 Hong Kong limited partnership funds (LPF) for investing Private Equity.
  • This press release is issued by Joint PR Consultants Limited on behalf of DL Holdings Group Limited.

Navitas Drives Xiaomi Redmi Note 12 Explorer at 210 W, New Ultra-Fast Charging Record

Retrieved on: 
Wednesday, November 30, 2022

The new Redmi Note 12 Explorer and Redmi Note 12 Pro+ are the first equipped with the MediaTek Dimensity 1080 chipset, with large 107.4 mm / 6.67 FHD+ OLED displays and 120 Hz refresh rate.

Key Points: 
  • The new Redmi Note 12 Explorer and Redmi Note 12 Pro+ are the first equipped with the MediaTek Dimensity 1080 chipset, with large 107.4 mm / 6.67 FHD+ OLED displays and 120 Hz refresh rate.
  • For the Redmi Note 12 Explorer, the landmark 210 W ultra-fast charger is able to charge a 4,300 mAhr battery to 66% in just 5 minutes, and complete a 1-100% charge in only 9 minutes.
  • The 210 W ultra-fast charger launched with the Redmi Note 12 Explorer Edition has once again refreshed the mobile-phone charging experience, and officially shortened the charging time to the single-digit-minutes era.
  • Navitas, GaNFast, GaNSense, GeneSiC, and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor and subsidiaries.

MICT, Inc. Provides Corporate Update; Announces Company is Targeting a Considerable Share Repurchase Program Post-merger Close

Retrieved on: 
Tuesday, November 29, 2022

MONTVALE, N.J., Nov. 29, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (Nasdaq: MICT), (the “Company" or “MICT”), has provided a corporate update.

Key Points: 
  • As stated previously, there is a substantial disconnect between our current share price and the true value of the Company.
  • We therefore believe a sizeable share repurchase program will create a significant increase in value for our shareholders.
  • The Annual Meeting will be a completely virtual meeting of stockholders, which will be conducted via live webcast.
  • MICT also has memberships/registrations with the Hong Kong Stock Exchange and the requisite Hong Kong and China Direct clearing companies.

CDB Aviation Details Executive Leadership Transition

Retrieved on: 
Monday, November 28, 2022

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced that the Board of Directors selected Jie Chen to become the companys new Chief Executive Officer (CEO).

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced that the Board of Directors selected Jie Chen to become the companys new Chief Executive Officer (CEO).
  • The announcement is the culmination of a planned transition that will ensure a smooth leadership changeover and lay a re-energized foundation for the lessors next phase of growth.
  • I am honored to be given the opportunity to lead CDB Aviation and its remarkable team in advancing the companys long-term vision, building on a strong track record of business performance and market success, while leveraging the unique capabilities and resources of our shareholder, said CDB Aviation Chief Executive Officer Jie Chen.
  • CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), a 37-year-old Chinese leasing company that is backed mainly by the China Development Bank.

TCLE (01070.HK) Mini LED Smart Screens Win CES® 2023 Innovation Awards

Retrieved on: 
Monday, November 28, 2022

HONG KONG, Nov. 28, 2022 /PRNewswire/ -- TCL Electronics Holdings Limited ("TCL Electronics" or the "Company", 01070.HK) is pleased to announce that TCL Mini LED 4K Smart Screen 75C935 and TCL Mini LED 4K Smart Screen 75C835 have been awarded the CES® 2023 Innovation Award for their striking innovative design and engineering features.

Key Points: 
  • HONG KONG, Nov. 28, 2022 /PRNewswire/ --TCL Electronics Holdings Limited ("TCL Electronics" or the "Company", 01070.HK) is pleased to announce that TCL Mini LED 4K Smart Screen 75C935 and TCL Mini LED 4K Smart Screen 75C835 have been awarded the CES 2023 Innovation Award for their striking innovative design and engineering features.
  • The fact that TCL Electronics wins two CES 2023 Innovation Awards is a testament to the industry's acknowledgement of TCL Mini LED smart screens, and a testament to the extraordinary strength of TCL Mini LED smart screens.
  • Known as the "next generation display technology", Mini LED backlight technology is an upgraded version of the traditional LED backlight technology.
  • TCL Electronics has been committed to the research and development of Mini LED technology and has become the industry leader by launching the world's first Mini LED smart screen in 2019.

Tianda Pharma Announces 2022/23 Interim Results

Retrieved on: 
Friday, November 25, 2022

HONG KONG, Nov 25, 2022 - (ACN Newswire) - Tianda Pharmaceuticals Limited ("Tianda Pharma" or "the Group"; stock code: 0455.HK) today announced its interim results for the six months ended 30 September 2022 ("the Period").

Key Points: 
  • HONG KONG, Nov 25, 2022 - (ACN Newswire) - Tianda Pharmaceuticals Limited ("Tianda Pharma" or "the Group"; stock code: 0455.HK) today announced its interim results for the six months ended 30 September 2022 ("the Period").
  • During the Period, the Group adopted proactive marketing strategy and improved its results notably.
  • The Group has worked hard cultivating the cardiovascular, cerebrovascular and pediatric disease realms and owns unique generic product pipelines.
  • Boasting notable efficacy and competitive price, Tuoping Valsartan capsules, the Group's core product for treating cardio-cerebrovascular disease, has been ranked the No.

360 DigiTech Announces Pricing of Global Offering

Retrieved on: 
Wednesday, November 23, 2022

SHANGHAI, China, Nov. 23, 2022 (GLOBE NEWSWIRE) -- 360 DigiTech, Inc. (NASDAQ: QFIN) (360 DigiTech or the Company), a Credit-Tech platform in China, today announced the pricing of its global offering (the Global Offering) of 5,540,000 Class A ordinary shares of the Company (the Offer Shares).

Key Points: 
  • SHANGHAI, China, Nov. 23, 2022 (GLOBE NEWSWIRE) -- 360 DigiTech, Inc. (NASDAQ: QFIN) (360 DigiTech or the Company), a Credit-Tech platform in China, today announced the pricing of its global offering (the Global Offering) of 5,540,000 Class A ordinary shares of the Company (the Offer Shares).
  • The Global Offering comprises a Hong Kong public offering (the Hong Kong Public Offering) and an international offering (the International Offering).
  • Citigroup Global Markets Asia Limited and China International Capital Corporation Hong Kong Securities Limited act as the joint global coordinators for the proposed Global Offering.
  • Citigroup Global Markets Asia Limited (in relation to the Hong Kong Public Offering only), Citigroup Global Markets Limited (in relation to the International Offering only) and China International Capital Corporation Hong Kong Securities Limited, CCB International Capital Limited, Futu Securities International (Hong Kong) Limited, and Tiger Brokers (HK) Global Limited are the joint bookrunners for the proposed Global Offering.