ADS

JOYY Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

Retrieved on: 
Monday, March 18, 2024
Bigo Live, Growth, ADS10, Sale, Acquisition, ADS, Hago, Direct, Investment, YY, Maus, Likee, Share repurchase, Marketing, Advertising, Video game

SINGAPORE, March 19, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced its unaudited financial results for the fourth quarter and full year of 2023.

Key Points: 
  • SINGAPORE, March 19, 2024 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced its unaudited financial results for the fourth quarter and full year of 2023.
  • Gross profit was US$201.5 million in the fourth quarter of 2023, compared to US$212.3 million in the corresponding period of 2022.
  • Gross margin was 35.4% in the fourth quarter of 2023, compared to 35.1% in the corresponding period of 2022.
  • Operating expenses were US$199.4 million in the fourth quarter of 2023, compared to US$231.2 million in the corresponding period of 2022.

ROSEN, NATIONAL TRIAL LAWYERS, Encourages Banco Santander, S.A. Investors to Inquire About Securities Class Action Investigation – SAN

Retrieved on: 
Friday, March 15, 2024
Titan, Finance, Financial Times, Buckingham Palace, News, ADS, Banco Santander, Real-time, Advertising, Cryptocurrency

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=22671 or call Phillip Kim, Esq.

Key Points: 
  • WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=22671 or call Phillip Kim, Esq.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

FEMSA Announces Accelerated Share Repurchase Agreement

Retrieved on: 
Friday, March 15, 2024
FMX, BMV, ASR, Acquisition, American depositary receipt, ADS, USD, FEMSA, Share repurchase, Pharmaceutical industry

de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced that, consistent with its capital allocation framework and commitment to enhance capital returns to shareholders, it has entered into a derivative instrument known as an accelerated share repurchase (“ASR”) agreement with a financial institution in the United States of America, to repurchase the Company’s shares through the acquisition of American Depositary Shares (“ADS”).

Key Points: 
  • de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced that, consistent with its capital allocation framework and commitment to enhance capital returns to shareholders, it has entered into a derivative instrument known as an accelerated share repurchase (“ASR”) agreement with a financial institution in the United States of America, to repurchase the Company’s shares through the acquisition of American Depositary Shares (“ADS”).
  • Under the terms of the ASR agreement, FEMSA has agreed to repurchase from such financial institution an aggregate amount of USD $400 million of its ADS1.
  • The total number of ADS ultimately repurchased under the ASR agreement will be based on the daily volume-weighted average price of the Company’s ADS during the term of the agreement, subject to certain limitations.
  • The final settlement of the ASR agreement is expected to be completed no later than the third quarter of 2024.

Notice to attend the Annual General Meeting of Olink Holding AB (publ)

Retrieved on: 
Friday, March 15, 2024
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UPPSALA, Sweden, March 15, 2024 (GLOBE NEWSWIRE) -- The shareholders of Olink Holding AB (publ) (the “Company” or “Olink”), reg.

Key Points: 
  • UPPSALA, Sweden, March 15, 2024 (GLOBE NEWSWIRE) -- The shareholders of Olink Holding AB (publ) (the “Company” or “Olink”), reg.
  • 559189-7755, are hereby given notice to attend the Annual General Meeting to be held at 4:00 p.m. CET on Friday the 19 April 2024, in the Company’s facilities at Salagatan 16A, Uppsala.
  • Shareholders who do not wish to attend the meeting in person may authorize a proxy to exercise their voting rights.
  • The power of attorney is proposed to be presented to the Chairman of the Meeting or another person whom the shareholder knows will attend the Annual General Meeting.

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Evolution AB - EVVTY

Retrieved on: 
Friday, March 15, 2024
Prior, Risk, News, Ext, LLP, ADS, Gambling, Complaint, Administrative court, OTC, Pomerantz, Action Replay, Government, Court, Report, RNG

NEW YORK, March 15, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Evolution AB (“Evolution” or the “Company”) (OTC: EVVTY).

Key Points: 
  • NEW YORK, March 15, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Evolution AB (“Evolution” or the “Company”) (OTC: EVVTY).
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • The class action concerns whether Evolution and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

iQIYI Files Its Annual Report on Form 20-F

Retrieved on: 
Thursday, March 14, 2024
Annual report, Youth center, IQIYI, ADS, Security (finance), Bank statement, Workforce, Cryptocurrency

BEIJING, March 14, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission on March 14, 2024, U.S. Eastern Time.

Key Points: 
  • BEIJING, March 14, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission on March 14, 2024, U.S. Eastern Time.
  • The annual report can be accessed on the Company’s investor relations website at http://ir.iqiyi.com.
  • The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.
  • Requests should be directed to Investor Relations Department, iQIYI, Inc., 4/F, iQIYI Youth Center, Yoolee Plaza, No.

Autolus Therapeutics Reports Full Year 2023 Financial Results and Business Updates

Retrieved on: 
Thursday, March 14, 2024
Nucleus, Bone marrow, BCMA, BioNTech, B-ALL, Patient, ALL, SLE, Engineering, Minocycline, European Medicines Agency, Therapy, Research, Canadian Aviation Regulations, Flow cytometry, ASH, General counsel, Immunotherapy, SVP, EMA, Legal Affairs, Trial of the century, GMP, SME, BLA, Nature Communications, Development, UCL, Biologics license application, Multiple myeloma, MIA, University College London, Senior, TRBC, GD2, ASCO, FDA, CD19, Conference call, Conference, MAA, EHA, ADS, MHRA, T cell, ACS Chemical Biology, PDUFA, Autoimmune disease, Pharmaceutical industry

“For now, we remain fully focused on preparing for a potential obe-cel launch and successfully transitioning Autolus to a commercial stage company.

Key Points: 
  • “For now, we remain fully focused on preparing for a potential obe-cel launch and successfully transitioning Autolus to a commercial stage company.
  • In February 2024, Autolus promoted Dr. Chris Williams to Chief Business Officer and Alex Driggs to Senior Vice President, Legal Affairs and General Counsel.
  • Dr. Leiderman brings extensive transactional and financial expertise, and Mr. Azelby brings more than 30 years of biopharmaceutical leadership and commercial experience to Autolus’ Board.
  • Financial Results for the Year Ended December 31, 2023

KE Holdings Inc. Announces a Final Cash Dividend of US$0.4 Billion in Aggregate

Retrieved on: 
Thursday, March 14, 2024
BEKE, Shop, Housing, Policy, ADS, Dividend, HKEX

The aggregate amount of the Dividend to be paid will be approximately US$0.4 billion, which will be funded by cash surplus on the Company’s balance sheet.

Key Points: 
  • The aggregate amount of the Dividend to be paid will be approximately US$0.4 billion, which will be funded by cash surplus on the Company’s balance sheet.
  • Dividend to be paid to the Company’s ADS holders through the depositary bank will be subject to the terms of the deposit agreement.
  • Under the Company’s current dividend policy, the Board has discretion on whether to distribute dividends, subject to certain requirements of Cayman Islands law.
  • In addition, our shareholders may by ordinary resolution declare a dividend, but no dividend may exceed the amount recommended by the Board.

KE Holdings Inc. Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results and a Final Cash Dividend

Retrieved on: 
Thursday, March 14, 2024
Tao, Research, Financial management, PIN, Growth, Environment, Trust, Shop, MAU, Policy, Acquisition, Hope, Dividend, ADS, BEKE, Commission, City, Housing, Advertising, Investment, HKEX, GTV, Share repurchase, Marketing, Video game

In the fourth quarter of 2023, net revenues were RMB20.2 billion (US$2.8 billion), an increase of 20.6% year-over-year.

Key Points: 
  • In the fourth quarter of 2023, net revenues were RMB20.2 billion (US$2.8 billion), an increase of 20.6% year-over-year.
  • In the fourth quarter of 2023, net income was RMB670 million (US$94 million), an increase of 80.2% year-over-year.
  • Mobile monthly active users (MAU)5 averaged 43.2 million in the fourth quarter of 2023, compared to 36.6 million in the same period of 2022.
  • Adjusted operating margin7 was 4.2% in the fourth quarter of 2023, compared to 8.0% in the same period of 2022.

UCLOUDLINK GROUP INC. Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, March 14, 2024
Research, OTA, Software as a service, UCL, Platform as a service, Growth, Internet of things, COVID-19, ESIM, SIM, Travel, Internet, GMI, ADS, CPE, Depreciation, GAAP, Marketing, Total, Video game

Loss from operations was US$1.9 million, compared to a loss from operations of US$1.1 million in the fourth quarter of 2022.

Key Points: 
  • Loss from operations was US$1.9 million, compared to a loss from operations of US$1.1 million in the fourth quarter of 2022.
  • Net loss was US$1.8 million, compared to a net loss of US$1.1 million in the fourth quarter of 2022.
  • Adjusted EBITDA (non-GAAP) was US$1.5 million, compared to an adjusted EBITDA of US$1.6 million in the fourth quarter of 2022.
  • During the fourth quarter of 2023, 47.0% of daily active terminals were from uCloudlink 2.0 local data connectivity services and 53.0% of daily active terminals were from uCloudlink 1.0 international data connectivity services.