Motherboard

Swang Chai Chuan Limited Announces Details of Proposed Listing on the Main Board of The Stock Exchange of Hong Kong Limited

Retrieved on: 
Monday, August 8, 2022 - 11:21am

HONG KONG, Aug 8, 2022 - (ACN Newswire) - Swang Chai Chuan Limited ("Swang Chai Chuan" or the "Group"), an established distributor of Food & Beverage ("F&B") and other products for recognised international and domestic third-party brands and own brands in Malaysia, today announced the details of its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited ("HKEX").

Key Points: 
  • HONG KONG, Aug 8, 2022 - (ACN Newswire) - Swang Chai Chuan Limited ("Swang Chai Chuan" or the "Group"), an established distributor of Food & Beverage ("F&B") and other products for recognised international and domestic third-party brands and own brands in Malaysia, today announced the details of its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited ("HKEX").
  • BOCOM International Securities Limited, China Galaxy International Securities (Hong Kong) Co., Limited, CMBC Securities Company Limited, Haitong International Securities Company Limited and Phillip Securities (Hong Kong) Limited are the other Joint Bookrunners and other Joint Lead Managers.
  • Established F&B distributor of Own Brands, international and domestic brands in Malaysia
    Swang Chai Chuan is one of the top 5 companies(1) in Malaysia F&B distribution industry.
  • The Group has also served a number of well-established retail chains such as Nirwana, TF Value-Mart, BS Group and Sabasun.

Ministry of Agriculture and Food Industries to Improve Food Security for Malaysia

Retrieved on: 
Monday, August 8, 2022 - 4:00am

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Key Points: 
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    The MoU was officiated by the Prime Minister of Malaysia, Yang Amat Berhormat Dato' Sri Ismail Sabri Bin Yaakob at the biennial Malaysia Agriculture, Horticulture and Agro Tourism (MAHA) 2022.
  • YB Datuk Seri Dr. Ronald Kiandee said, "Malaysia continues to rise on the Global Food Security Index (GFSI)[1] and is ranked 39th, up from the 43rd spot in 2020[2].
  • However, due to multiple issues, compounded by rising population, and labour shortage, Malaysia's food and agriculture imports remains high at around RM55.5 billion[3].
  • Through these efforts we are confident we can improve our national food security resilience, accessibility, and affordability of quality food, which is in line with our National Food Security Policy (DSMN Action Plan) 2021 - 2025[4]."

Acer Announces Q2 2022 Net Income at NT$1.72 Billion and Earnings Per Share at NT$0.58

Retrieved on: 
Thursday, August 4, 2022 - 12:21pm

TAIPEI, Aug. 4, 2022 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its financial results for the second quarter of 2022: consolidated revenues were NT$72.32 billion; gross profits were NT$8.0 billion with 11.1% margin; operating income was NT$2.17 billion with 3.0% margin; and net income [1] was NT$1.72 billion with 2.4% margin and earnings per share of NT$0.58.

Key Points: 
  • TAIPEI, Aug. 4, 2022 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its financial results for the second quarter of 2022: consolidated revenues were NT$72.32 billion; gross profits were NT$8.0 billion with 11.1% margin; operating income was NT$2.17 billion with 3.0% margin; and net income [1] was NT$1.72 billion with 2.4% margin and earnings per share of NT$0.58.
  • Since the first quarter, Acer has focused on enhancing its supply chain management and product sell out.
  • The second quarter ended with inventory value at NT$63.44 million, marking a slight decline from the first quarter.
  • This year, Acer expects revenues from its PC business in the second half to be lower than the previous year.

Tims China Announces New Tencent E-sports Shop in Shanghai

Retrieved on: 
Thursday, August 4, 2022 - 10:00am

SHANGHAI, China, Aug. 04, 2022 (GLOBE NEWSWIRE) -- TH International Limited, the exclusive operator of Tim Hortons coffee shops in China (Tims China), today announced the opening of its latest dedicated e-sports caf in Shanghai in collaboration with Tencent Holdings (00700.HK), the leading global Internet, technology, and video game company.

Key Points: 
  • SHANGHAI, China, Aug. 04, 2022 (GLOBE NEWSWIRE) -- TH International Limited, the exclusive operator of Tim Hortons coffee shops in China (Tims China), today announced the opening of its latest dedicated e-sports caf in Shanghai in collaboration with Tencent Holdings (00700.HK), the leading global Internet, technology, and video game company.
  • Tims China and Tencent began their partnership in 2020 and opened their first co-branded e-sports shop in Shanghai, followed by a second in Shenzhen.
  • Miao Hou, Vice President of Tencent Games, General Manager of Tencent E-sports, said, The "e-sports + coffee" concept is a market innovation codeveloped by Tims China and Tencent's e-sports team.
  • Tims China offers freshly brewed coffee, tea and other beverages, bakery & sides, and sandwiches and is an emerging coffee champion in China.

Zhaoke Ophthalmology Completed Patient Enrollments for the Phase III Clinical Trials of the Myopia Progression Treatment Drug NVK002

Retrieved on: 
Wednesday, August 3, 2022 - 2:16am

The primary objective of the China CHAMP and Mini-CHAMP trials is to evaluate the efficacy and safety of NVK002 for the treatment of myopia progression in children and adolescents.

Key Points: 
  • The primary objective of the China CHAMP and Mini-CHAMP trials is to evaluate the efficacy and safety of NVK002 for the treatment of myopia progression in children and adolescents.
  • These early completions of patient recruitment across both trials, gives the company a strong headstart in moving towards its goal to lead the market in launching a myopia progression treatment drug.
  • Following this, a New Drug Application ("NDA") submission to the US Food and Drug Administration (the "FDA") is expected in 2023.
  • Dr. Li Xiaoyi (Benjamin), Chairman of the Board of Directors, Executive Director and CEO of Zhaoke Ophthalmology, said, "The early completion of the patient recruitment of NVK002's Phase III clinical trials marks another huge and exciting milestone for Zhaoke Ophthalmology.

Linmon Media Proposed Listing on the Main Board of the Hong Kong Stock Exchange

Retrieved on: 
Friday, July 29, 2022 - 1:41am

HONG KONG, July 29, 2022 - (ACN Newswire) - A leading drama series production company in China - Linmon Media Limited ("Linmon Media" or the "Company", together with its subsidiaries, the "Group", stock code: 9857.HK), today announced the proposed listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited ("Hong Kong Stock Exchange").

Key Points: 
  • HONG KONG, July 29, 2022 - (ACN Newswire) - A leading drama series production company in China - Linmon Media Limited ("Linmon Media" or the "Company", together with its subsidiaries, the "Group", stock code: 9857.HK), today announced the proposed listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited ("Hong Kong Stock Exchange").
  • Linmon Media will open for Hong Kong Public Offering in Hong Kong at 9 a.m., July 29, 2022 (Friday), and close at 12:00 noon, August 3, 2022 (Wednesday).
  • Dealings in shares of Linmon Media on the Main Board of the Hong Kong Stock Exchange is expected to commence on August 10, 2022 (Wednesday).
  • This press release has not been reviewed or approved by The Stock Exchange of Hong Kong Limited or the Securities and Futures Commission of Hong Kong.

Kingsoft Cloud Files Application for Hong Kong Dual Primary Listing

Retrieved on: 
Wednesday, July 27, 2022 - 1:38pm

BEIJING, July 27, 2022 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (we, Kingsoft Cloud or the Company) (NASDAQ: KC), a leading independent cloud service provider in China, today announced its filing of an application with theStock Exchange of Hong Kong Limited (the Hong Kong Stock Exchange) in connection with its proposed dual primary listing of ordinary shares on the Main Board of the Hong Kong Stock Exchange.

Key Points: 
  • BEIJING, July 27, 2022 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (we, Kingsoft Cloud or the Company) (NASDAQ: KC), a leading independent cloud service provider in China, today announced its filing of an application with theStock Exchange of Hong Kong Limited (the Hong Kong Stock Exchange) in connection with its proposed dual primary listing of ordinary shares on the Main Board of the Hong Kong Stock Exchange.
  • The Company expects to be dual-listed on the Nasdaq and the Hong Kong Stock Exchange upon the completion of the proposed listing.
  • This press release has not been reviewed or approved by the Hong Kong Stock Exchange or the Securities and Futures Commission of Hong Kong.
  • Kingsoft Cloud has built a comprehensive and reliable cloud platform consisting of extensive cloud infrastructure, cutting-edge cloud products and well-architected industry-specific solutions across public cloud and enterprise cloud.

Alibaba Group Pursues Primary Listing on the Hong Kong Stock Exchange

Retrieved on: 
Tuesday, July 26, 2022 - 1:05am

Alibaba Group Holding Limited (Alibaba or the Company) (NYSE: BABA and HKEX: 9988) today announces that its board of directors (Board) has authorized the Companys management to apply for a primary listing on the Main Board of Hong Kong Stock Exchange.

Key Points: 
  • Alibaba Group Holding Limited (Alibaba or the Company) (NYSE: BABA and HKEX: 9988) today announces that its board of directors (Board) has authorized the Companys management to apply for a primary listing on the Main Board of Hong Kong Stock Exchange.
  • Alibaba currently maintains a secondary listing on the Main Board of Hong Kong Stock Exchange and will apply for a primary listing status pursuant to the rules and regulations of the Hong Kong Stock Exchange.
  • The Company's ADSs listed in the United States and the shares listed in Hong Kong are fungible, and investors can continue to choose to hold their shares in the form of ADSs traded on the New York Stock Exchange or ordinary shares traded on the Hong Kong Stock Exchange.
  • Since the Companys secondary listing in Hong Kong in November 2019, there has been a significant increase in its public float and transaction volume on the Hong Kong Stock Exchange.

EMQQ Launches in Hong Kong with Value Partners Group

Retrieved on: 
Monday, July 25, 2022 - 1:47pm

This launch is being done in partnership with Value Partners Group, one of the largest, most respected, and earliest asset management firms to list on the main board of the Stock Exchange of Hong Kong.

Key Points: 
  • This launch is being done in partnership with Value Partners Group, one of the largest, most respected, and earliest asset management firms to list on the main board of the Stock Exchange of Hong Kong.
  • Kevin T. Carter, Founder and CEO of EMQQ Global said: We are excited to be launching 3030 in Hong Kong with Value Partners.
  • In addition to the Hong Kong headquarters, Value Partners operates in Shanghai, Shenzhen, Kuala Lumpur, Singapore and London, and maintain a representative office in Beijing.
  • Value Partners serves as the investment advisor and EMQQ Global serves as the Administrator of the Fund and the Index Provider.

Xiaomi Renews Via Licensing’s Advanced Audio Coding Patent Pool License

Retrieved on: 
Wednesday, July 20, 2022 - 1:30pm

SAN FRANCISCO and BEIJING, July 20, 2022 (GLOBE NEWSWIRE) -- Via Licensing Corporation, the collaborative licensing leader, and Xiaomi, the worlds leading consumer electronics and smart manufacturing company, today announced Xiaomi renewed its license to Vias Advanced Audio Coding (AAC) patent pool.

Key Points: 
  • SAN FRANCISCO and BEIJING, July 20, 2022 (GLOBE NEWSWIRE) -- Via Licensing Corporation, the collaborative licensing leader, and Xiaomi, the worlds leading consumer electronics and smart manufacturing company, today announced Xiaomi renewed its license to Vias Advanced Audio Coding (AAC) patent pool.
  • Xiaomi customers will continue to enjoy this high-quality audio format.
  • Advanced Audio Coding is a coding method that allows consumers to enjoy high-quality audio with high compression efficiency, reducing the amount of data to be transmitted and the processing power required for playback.
  • Xiaomi is a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core.