ADSS

Kingsoft Cloud Announces Results of Extraordinary General Meeting Following Proposed Dual Primary Listing on Hong Kong Stock Exchange and New Board Appointment

Retrieved on: 
Thursday, December 29, 2022
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Earlier on December 23, 2022, the Company announced the proposed dual primary listing of its ordinary shares, par value US$0.001 per share by way of introduction on the Main Board of The Stock Exchange of Hong Kong Limited.

Key Points: 
  • Earlier on December 23, 2022, the Company announced the proposed dual primary listing of its ordinary shares, par value US$0.001 per share by way of introduction on the Main Board of The Stock Exchange of Hong Kong Limited.
  • He, in his new roles, will be a valuable asset for the Board and drive the Company’s long-term growth.
  • Statements that are not historical facts, including but not limited to statements about Kingsoft Cloud’s beliefs and expectations, are forward-looking statements.
  • Further information regarding these and other risks is included in Kingsoft Cloud’s filings with the SEC.

Mesoblast and Oaktree Extend Availability Period of Undrawn Tranches of Financing Facility

Retrieved on: 
Friday, December 23, 2022
Oaktree Capital Management, MESO, ADSS, Oak Tree, Inflammation, ADS, Mesoblast, MSB, Pharmaceutical industry, Security (finance)

Mesoblast drew the first tranche of US$60 million in November 2021.

Key Points: 
  • Mesoblast drew the first tranche of US$60 million in November 2021.
  • The facility has a three-year interest only period, at a rate of 9.75% per annum, after which time 40% of the principal amortizes over two years and a final payment due November 2026.
  • In consideration for the milestone extension period, Oaktree will receive warrants to purchase 455,000 American Depositary Shares (ADSs)1 at US$3.70 per ADS, a 15% premium to the 30-day VWAP2.
  • The warrants may be exercised within seven years of issuance.

Fang Holdings Announces the Signing of Definitive Agreements Relating to the Going-Private Transaction of China Index Holdings

Retrieved on: 
Thursday, December 22, 2022
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BEIJING, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Fang Holdings Limited (OTC: SFUNY) (“Fang” or the “Company”), a leading real estate Internet portal in China, today announced the signing of definitive agreements relating to the going-private transaction of China Index Holdings Limited (NASDAQ: CIH) (“CIH”), a leading real estate information and analytics service platform provider in China.

Key Points: 
  • BEIJING, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Fang Holdings Limited (OTC: SFUNY) (“Fang” or the “Company”), a leading real estate Internet portal in China, today announced the signing of definitive agreements relating to the going-private transaction of China Index Holdings Limited (NASDAQ: CIH) (“CIH”), a leading real estate information and analytics service platform provider in China.
  • CIH has entered into an Agreement and Plan of Merger (the “Merger Agreement”) with CIH Holdings Limited (“Parent”) and CIH Merger Sub Holdings Limited (“Merger Sub”), a wholly owned subsidiary of Parent.
  • The Merger is currently expected to close during the first quarter of 2023 and is subject to customary closing conditions.
  • All parties desiring details regarding the Merger are urged to review these documents, which will be available at the SEC’s website (http://www.sec.gov).

China Index Holdings Enters into Definitive Agreement for Going-Private Transaction

Retrieved on: 
Thursday, December 22, 2022
Tripura Merger Agreement, Plan, Roth Capital Partners, Companies Act 2006, ADS, Committee, Electric Bond and Share Company v. Securities and Exchange Commission, Schedule, ADSS, Sub, Companies Act, Support, AND, Letter, LLP, Treasury, Form 6-K, Myers, Canadian House of Commons Special Committee on Electoral Reform, Gibson, Dunn & Crutcher, US, Holding company, Security (finance), Parent, Mergers and acquisitions, Share (finance)

BEIJING, Dec. 22, 2022 (GLOBE NEWSWIRE) -- China Index Holdings Limited (NASDAQ: CIH), (“CIH” or the “Company”), a leading real estate information and analytics service platform provider in China, today announced that it has entered into an Agreement and Plan of Merger (the “Merger Agreement”) with CIH Holdings Limited (“Parent”) and CIH Merger Sub Holdings Limited (“Merger Sub”), a wholly owned subsidiary of Parent.

Key Points: 
  • BEIJING, Dec. 22, 2022 (GLOBE NEWSWIRE) -- China Index Holdings Limited (NASDAQ: CIH), (“CIH” or the “Company”), a leading real estate information and analytics service platform provider in China, today announced that it has entered into an Agreement and Plan of Merger (the “Merger Agreement”) with CIH Holdings Limited (“Parent”) and CIH Merger Sub Holdings Limited (“Merger Sub”), a wholly owned subsidiary of Parent.
  • Certain shareholders of the Company, including Fang Holdings Limited, ACE Smart Investments Limited, Media Partner Technology Limited, Next Decade Investments Limited, Karistone Limited, Open Land Holdings Limited, True Knight Limited, Digital Link Investments Limited, General Atlantic Singapore Fund Pte.
  • Fang Holdings Limited has also executed and delivered to the Company a limited guarantee in favor of the Company pursuant to which it agreed to guarantee certain payment obligations of Parent under the Merger Agreement.
  • In connection with the Merger, the Company will prepare and mail a Schedule 13E-3 Transaction Statement (the “Schedule 13E-3”) to its shareholders.

Jianzhi Education Technology Group Company Limited Reports First Half 2022 Financial Results

Retrieved on: 
Thursday, December 22, 2022
IPO, Marketing, ADS, Research, ADSS, COVID-19, Local government, RMB, Quarantine, Development, Administration, American depositary receipt, Video game, Pharmaceutical industry

Gross profit decreased from RMB71.7 million for the first half of 2021 to RMB40.0 million (US$6.0 million) for the first half of 2022.

Key Points: 
  • Gross profit decreased from RMB71.7 million for the first half of 2021 to RMB40.0 million (US$6.0 million) for the first half of 2022.
  • Gross profit margin decreased from 25.9% for the first half of 2021 to 15.4% for the first half of 2022.
  • The total operating expenses increased from RMB23.1 million for the first half of 2021 to RMB41.7 million (US$6.2 million) for the first half of 2022.
  • The income tax expenses decreased from RMB8.1 million for the first half of 2021 to RMB2.6 million (US$0.4 million) for the first half of 2022.

KANZHUN LIMITED Successfully Listed on the Main Board of The Stock Exchange of Hong Kong

Retrieved on: 
Thursday, December 22, 2022
BZ, HKEX, ADSS, S. D. Warren Co. v. Maine Board of Environmental Protection, Motherboard, Stock exchange, Security (finance), Share (finance)

BEIJING, Dec. 22, 2022 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ), a leading online recruitment platform in China, today announced that it has successfully listed, by way of introduction, its Class A ordinary shares (the “Shares”) on the Main Board of The Stock Exchange of Hong Kong Limited (the “HKEX”).

Key Points: 
  • BEIJING, Dec. 22, 2022 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ), a leading online recruitment platform in China, today announced that it has successfully listed, by way of introduction, its Class A ordinary shares (the “Shares”) on the Main Board of The Stock Exchange of Hong Kong Limited (the “HKEX”).
  • The Shares are traded on the Main Board of the HKEX under the stock code “2076” in board lots of 100 Shares, and the stock short name is “BOSS ZHIPIN-W”.
  • The Company’s American depositary shares (the “ADSs”), each representing two Shares, remain primarily listed and traded on the Nasdaq Global Select Market (the “Nasdaq”).
  • The Shares listed on the Main Board of the HKEX are fully fungible with the ADSs listed on the Nasdaq.

Futu Announces Proposed Dual Primary Listing on The Stock Exchange of Hong Kong Limited

Retrieved on: 
Thursday, December 22, 2022
ADSS, Motherboard, Letter, L.L.C, Stock exchange, Goldman Sachs, SEHK, Sale, Property management, Share (finance)

HONG KONG, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced the proposed dual primary listing of its Class A ordinary shares, par value US$0.00001 per share (the “Shares”) by way of introduction on the Main Board of The Stock Exchange of Hong Kong Limited (the “SEHK”).

Key Points: 
  • HONG KONG, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced the proposed dual primary listing of its Class A ordinary shares, par value US$0.00001 per share (the “Shares”) by way of introduction on the Main Board of The Stock Exchange of Hong Kong Limited (the “SEHK”).
  • The Company has received a letter of in-principle approval of its listing application from the SEHK on December 21, 2022 (Hong Kong Time) for the dual primary listing of the Shares on the Main Board of the SEHK.
  • The listing document relating to the proposed dual primary listing of the Shares by way of introduction on the Main Board of the SEHK (the “Listing Document”) has been published on the website of the SEHK on December 22, 2022 (Hong Kong Time).
  • With respect to the proposed dual primary listing on the Main Board of the SEHK, Goldman Sachs (Asia) L.L.C.

Autolus Announces Partial Exercise of Underwriters' Option to Purchase Additional ADSs

Retrieved on: 
Wednesday, December 21, 2022
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LONDON, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Autolus Therapeutics plc (Nasdaq: AUTL), a clinical-stage biopharmaceutical company developing next-generation programmed T cell therapies, announced today that the underwriters of its previously announced public offering of American Depositary Shares, or ADSs, which closed on December 13, 2022, have partially exercised their option to purchase an additional 6,927,102 ADSs, at a price per ADS of $2.00, resulting in additional gross proceeds to Autolus of approximately $13.9 million.

Key Points: 
  • LONDON, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Autolus Therapeutics plc (Nasdaq: AUTL), a clinical-stage biopharmaceutical company developing next-generation programmed T cell therapies, announced today that the underwriters of its previously announced public offering of American Depositary Shares, or ADSs, which closed on December 13, 2022, have partially exercised their option to purchase an additional 6,927,102 ADSs, at a price per ADS of $2.00, resulting in additional gross proceeds to Autolus of approximately $13.9 million.
  • After giving effect to the issuance of these additional shares, which closed today, Autolus has sold a total of 81,927,102 ADSs in the offering for aggregate gross proceeds of approximately $163.9 million.
  • Jefferies LLC, William Blair & Company L.L.C.
  • and Wells Fargo Securities, LLC acted as joint bookrunners for the offering.

The Law Offices of Frank R. Cruz Announces Investigation of BioLineRx Ltd. (BLRX) on Behalf of Investors

Retrieved on: 
Friday, January 6, 2023
Class Action Lawsuit, Professional Services, Legal, Bioline, ADSS, American depositary receipt, BioLineRx, SCSP, News, ADS, Suite, Law

The Law Offices of Frank R. Cruz announces an investigation of BioLineRx Ltd. (“BioLine” or the “Company”) (NASDAQ: BLRX ) on behalf of investors concerning the Company’s possible violations of federal securities laws.

Key Points: 
  • The Law Offices of Frank R. Cruz announces an investigation of BioLineRx Ltd. (“BioLine” or the “Company”) (NASDAQ: BLRX ) on behalf of investors concerning the Company’s possible violations of federal securities laws.
  • On September 15, 2022, BioLine announced that Kreos Capital VII Aggregator SCSP will provide the Company with term loans in an aggregate principal amount of up to $40 million.
  • On this news, the Company’s share price fell 33% to close at $1.02 per share on September 19, 2022.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Shareholder Alert: Robbins LLP Informs Investors of Class Action Against Gaotu Techedu Inc. f/k/a GSX Techedu Inc. (GOTU, GSX)

Retrieved on: 
Tuesday, January 3, 2023
Class Action Lawsuit, Professional Services, Legal, ADS, Business, Complaint, ADSS, Republic, News, NYSE, Policy, Impact, K-12, GSX, Reuters, GOTU, Financial Times, Sale, Security (finance), Tutoring, Great Architect of the Universe

The Class: Robbins LLP informs investors that a shareholder filed a class action on behalf of all investors who purchased or otherwise acquired Gaotu Techedu Inc. (NYSE: GOTU, GSX) American depository shares ("ADSs") between March 5, 2021 and July 23, 2021, for violations of the Securities Exchange Act of 1934.

Key Points: 
  • The Class: Robbins LLP informs investors that a shareholder filed a class action on behalf of all investors who purchased or otherwise acquired Gaotu Techedu Inc. (NYSE: GOTU, GSX) American depository shares ("ADSs") between March 5, 2021 and July 23, 2021, for violations of the Securities Exchange Act of 1934.
  • Gaotu purports to be a technology-driven education company, providing online K-12 after-school tutoring services in the People's Republic of China.
  • What Now: Similarly situated shareholders may be eligible to participate in the class action against Gaotu.
  • Shareholders who want to act as lead plaintiff for the class must file their papers by February 28, 2023.