Hong Kong Exchanges and Clearing

CBT Delivers Connected Worker Training to Milwaukee Tool Using Augmented Reality (AR)

Retrieved on: 
Monday, October 10, 2022

Milwaukee Tools goal was to transform its training procedures from in-person expert instruction to interactive and self-guided using AR.

Key Points: 
  • Milwaukee Tools goal was to transform its training procedures from in-person expert instruction to interactive and self-guided using AR.
  • CBT worked with Milwaukee Tool to build interactive AR visualizations of plumbing and HVAC systems.
  • Its a pleasure to work with companies like Milwaukee Tool as they understand CBT is a trusted advisor and delivers on the promise of XR technology and that CBT builds nonproprietary solutions avoiding vendor lock-in.
  • Supporting tons of media formats and emerging learning technologies like Augmented Reality, SparkLearn is what your on-the-go workforce needs today.

A MATCH MADE IN POWER - MATCO TOOLS AND MILWAUKEE TOOL PARTNER ON CORDLESS

Retrieved on: 
Monday, October 3, 2022

STOW, Ohio, Oct. 3, 2022 /PRNewswire/ -- Matco Tools is pleased to announce an electrifying partnership with Milwaukee Tool, combining the innovation of Milwaukee Cordless products, with the power and personalization of Matco's flagship Infinium line.

Key Points: 
  • STOW, Ohio, Oct. 3, 2022 /PRNewswire/ -- Matco Tools is pleased to announce an electrifying partnership with Milwaukee Tool, combining the innovation of Milwaukee Cordless products, with the power and personalization of Matco's flagship Infinium line.
  • Paired with Matco's cordless Infinium line, the addition of innovative Milwaukee cordless tools will offer a well-rounded selection to get the job done under the hood and around the shop.
  • "This partnership will allow Matco Tools Distributors tremendous flexibility in offering the perfect cordless solutions for their customers" explains Hilda Shipcka, Matco Tools VP of Marketing & eBusiness.
  • Matco Tools is committed to equipping the automotive repair industry with quality tools that solve unique automotive applications.

Ms. Carol Li Joins JD.com’s Board of Directors

Retrieved on: 
Friday, September 23, 2022

Ms. Li is a Managing Director of Yale Center Beijing, Yale Universitys first university-wide center outside of the United States.

Key Points: 
  • Ms. Li is a Managing Director of Yale Center Beijing, Yale Universitys first university-wide center outside of the United States.
  • Ms. Li has also served as an independent non-executive director of the board of JD Logistics, Inc. (HKEx: 2618), a consolidated subsidiary of JD.com, since May 2021.
  • We are pleased to welcome Carol to the board, said Richard Liu, Chairman of the Board of JD.com.
  • I am excited to join JD.coms board and would like to thank Richard and the board for their confidence in me, said Ms. Li.

InnoCare Completes Initial Public Offering on the STAR Market of the Shanghai Stock Exchange in China

Retrieved on: 
Wednesday, September 21, 2022

InnoCare will use the net proceeds from the STAR Offering to fund its drug research and development, drug R&D platform upgrade, marketing network upgrade, information technology upgrade and working capital projects.

Key Points: 
  • InnoCare will use the net proceeds from the STAR Offering to fund its drug research and development, drug R&D platform upgrade, marketing network upgrade, information technology upgrade and working capital projects.
  • China International Capital Corporation Limited acted as a sponsor and a joint bookrunner for the STAR Offering.
  • Goldman Sachs Gao Hua Securities Company Limited, J.P. Morgan Securities (China) Company Limited and Yuekai Securities Corporation Limited acted as joint bookrunners for the STAR Offering.
  • Dr. Jasmine Cui, Co-founder, Chairwoman and CEO of InnoCare said: "It is another key milestone in InnoCares development to get listed on the STAR market.

China Mobile seeks to deregister its American Depositary Shares and terminate its reporting obligations under the U.S. Securities Exchange Act

Retrieved on: 
Wednesday, September 14, 2022

On 7 May 2021, the NYSE filed a Form 25 with the U.S. Securities and Exchange Commission (the "SEC") and the delisting of the Company's ADSs became effective on 18May 2021.

Key Points: 
  • On 7 May 2021, the NYSE filed a Form 25 with the U.S. Securities and Exchange Commission (the "SEC") and the delisting of the Company's ADSs became effective on 18May 2021.
  • On 13 September 2021, the Company terminated its ADSs program.
  • The Company's reporting obligations under the U.S. Exchange Act will be suspended immediately upon such filing.
  • The deregistration and termination of reporting obligations are expected to become effective 90 days after the filing, unless withdrawn by the Company or objected to by the SEC.

Shenzhen-Hong Kong Cooperation Mechanism Innovation: "18 Measures" for Qianhai Shenzhen-Hong Kong Venture Capital Joint Development Released

Retrieved on: 
Monday, September 5, 2022

On September 2, "Shenzhen Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone Administration - Hong Kong Special Administrative Region Government Financial Services and the Treasury Bureau on the 18 Measures to support Qianhai Shenzhen-Hong Kong Venture Capital Joint Development" (hereinafter referred to as "18 Measures") was released in Shenzhen and Hong Kong, according to the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone.

Key Points: 
  • On September 2, "Shenzhen Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone Administration - Hong Kong Special Administrative Region Government Financial Services and the Treasury Bureau on the 18 Measures to support Qianhai Shenzhen-Hong Kong Venture Capital Joint Development" (hereinafter referred to as "18 Measures") was released in Shenzhen and Hong Kong, according to the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone.
  • In response to the Hong Kong financial industry's call for broader cooperation channel between Shenzhen and Hong Kong private equity funds, the "18 Measures" clearly stipulates that a one-time reward of 2 million yuan will be given to the Qianhai venture capital institutions listed on the Hong Kong Exchange.
  • Analysts believe that this move will further facilitate the two-way cross-border investment cooperation between Shenzhen and Hong Kong.
  • According to the "18 Measures", a Shenzhen-Hong Kong international venture capital cluster will be established in Qianhai.

Shenzhen-Hong Kong Cooperation Mechanism Innovation: "18 Measures" for Qianhai Shenzhen-Hong Kong Venture Capital Joint Development Released

Retrieved on: 
Monday, September 5, 2022

On September 2, "Shenzhen Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone Administration - Hong Kong Special Administrative Region Government Financial Services and the Treasury Bureau on the 18 Measures to support Qianhai Shenzhen-Hong Kong Venture Capital Joint Development" (hereinafter referred to as "18 Measures") was released in Shenzhen and Hong Kong, according to the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone.

Key Points: 
  • On September 2, "Shenzhen Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone Administration - Hong Kong Special Administrative Region Government Financial Services and the Treasury Bureau on the 18 Measures to support Qianhai Shenzhen-Hong Kong Venture Capital Joint Development" (hereinafter referred to as "18 Measures") was released in Shenzhen and Hong Kong, according to the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone.
  • In response to the Hong Kong financial industry's call for broader cooperation channel between Shenzhen and Hong Kong private equity funds, the "18 Measures" clearly stipulates that a one-time reward of 2 million yuan will be given to the Qianhai venture capital institutions listed on the Hong Kong Exchange.
  • Analysts believe that this move will further facilitate the two-way cross-border investment cooperation between Shenzhen and Hong Kong.
  • According to the "18 Measures", a Shenzhen-Hong Kong international venture capital cluster will be established in Qianhai.

Esprit Announces Interim Results for FY2022

Retrieved on: 
Wednesday, August 31, 2022

HONG KONG, Aug 31, 2022 - (ACN Newswire) - ESPRIT HOLDINGS LIMITED (the "Company", together with its subsidiaries, the "Group" or "Esprit", HKEx: 00330) has announced its unaudited financial interim results for the six months ended 30 June 2022 (the "Period").

Key Points: 
  • HONG KONG, Aug 31, 2022 - (ACN Newswire) - ESPRIT HOLDINGS LIMITED (the "Company", together with its subsidiaries, the "Group" or "Esprit", HKEx: 00330) has announced its unaudited financial interim results for the six months ended 30 June 2022 (the "Period").
  • Founded in California in 1968 by Doug Tompkins and Susie Buell, ESPRIT was the world's first lifestyle brand inspired by the human spirit.
  • ESPRIT is a true hybrid of relevant dressing essentials and fashion-forward styles fit for every occasion and every wardrobe.
  • Keeping this spirit alive, ESPRIT today has a presence in more than 30 markets around the world.

Bairong Inc. Announces Unaudited 2022 Interim Financial Results

Retrieved on: 
Wednesday, August 24, 2022

BEIJING, Aug. 24, 2022 /PRNewswire/ -- Bairong Inc. ("Bairong" or the "Company"; HKEX:6608), a leading artificial intelligence ("AI") and cloud-based software-as-a-service("SaaS") technology firm in China serving the financial services industry, today announced its unaudited consolidated results for the six months ended June 30, 2022.

Key Points: 
  • The Group's gross margin was 72% for the six months ended June 30, 2022 and 73% for the six months ended June 30, 2021.
  • Therefore, no change in fair value of the redeemable convertible preferred shares was recorded for the six months ended June 30, 2022.
  • Our management will hold a conference call at 10:00 a.m. Beijing/Hong Kong Time on Thursday, August 25, 2022 (10:00 p.m. U.S. Eastern Time on August 24, 2022) to discuss the financial results and answer questions from investors and analysts.
  • Bairong Inc. is a leader in the facilitation of the Chinese financial service industry's smart digital transformation.

Kingsoft Announces 2022 Interim and Second Quarter Results

Retrieved on: 
Tuesday, August 23, 2022

Kingsoft Office Group Continues to Pursue "Multi-screen, Cloud, Content, AI and Collaboration" Product Strategy

Key Points: 
  • Kingsoft Office Group Continues to Pursue "Multi-screen, Cloud, Content, AI and Collaboration" Product Strategy
    HONG KONG, Aug 23, 2022 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited 2022 interim results and its second quarter results for the period ended 30 June 2022.
  • For the second quarter of 2022, the Company's revenue increased 24% year-on-year to RMB1,834.2 million.
  • Revenue from office software and services and online games and others represented 50% and 50%, respectively, of total revenue for the second quarter of 2022.
  • Gross profit for the second quarter of 2022 increased 22% year-on-year to RMB1,467.7 million, while operating profit increased 82% year-on-year to RMB418.7 million.