PRC

HAGENS BERMAN, National Trial Attorneys, Encourages UP Fintech Holding (TIGR) Investors with Significant Losses to Contact Firm’s Attorneys, Firm Investigating Possible Securities Law Violations

Retrieved on: 
Monday, January 9, 2023

SAN FRANCISCO, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges UP Fintech Holding Limited (NASDAQ: TIGR) investors who suffered significant losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges UP Fintech Holding Limited (NASDAQ: TIGR) investors who suffered significant losses to submit your losses now .
  • UP Fintech Holding Limited (TIGR) Investigation:
    The investigation focuses on UP Fintech’s statements about the sources and legality of its growth.
  • This news drove the price of UP Fintech American Depositary Receipts sharply lower on Dec. 30, 2022.
  • If you invested in UP Fintech and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman .

SinoHytec Announces Proposed Listing on the Main Board of the Hong Kong Stock Exchange, Offer Price Between HK$60 and HK$76 per H Share, Raise up to HK$1,540.7 million

Retrieved on: 
Thursday, December 29, 2022

The Hong Kong Public Offering will commence at 9 a.m., December 29, 2022 (Thursday), and close at 12:00 noon on January 5, 2023 (Thursday).

Key Points: 
  • The Hong Kong Public Offering will commence at 9 a.m., December 29, 2022 (Thursday), and close at 12:00 noon on January 5, 2023 (Thursday).
  • Dealings in the shares of SinoHytec on the Main Board of the Hong Kong Stock Exchange is expected to commence on January 12, 2023 (Thursday), with the stock code 2402 and in board lots of 50 Offer Shares each.
  • Established in 2012, the company is a pioneer in the R&D and commercialization of fuel cell systems in China and started batch production in 2016.
  • As of December 20, 2022, the company's fuel cell systems have powered over 2,800 fuel cell vehicles on the road in China.

ACM Research Reaffirms 2022 Revenue Outlook and Provides Initial Outlook for 2023 Revenue

Retrieved on: 
Tuesday, January 3, 2023

FREMONT, Calif., Jan. 03, 2023 (GLOBE NEWSWIRE) -- ACM Research, Inc. (ACM) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today has reaffirmed its full year 2022 revenue outlook of $365 million to $385 million as was provided in ACM’s third quarter 2022 earnings release issued on November 4, 2022.

Key Points: 
  • —ACM to Present at Morgan Stanley, Credit Suisse and Needham Investor Conferences—
    FREMONT, Calif., Jan. 03, 2023 (GLOBE NEWSWIRE) -- ACM Research, Inc. (ACM) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today has reaffirmed its full year 2022 revenue outlook of $365 million to $385 million as was provided in ACM’s third quarter 2022 earnings release issued on November 4, 2022.
  • ACM also announced that it expects revenue for the full year 2023 to be in the range of $515 million to $585 million.
  • The 2022 revenue outlook included in this press release is preliminary.
  • Actual fourth quarter and full year 2022 revenue results are subject to review and audit procedures by ACM’s independent registered public accounting firm.

Investment Deal Signed with Zijin; Pathway to Kharmagtai Production

Retrieved on: 
Wednesday, December 21, 2022

Ltd. (Khuiten), which holds a 76.5% effective interest in the Kharmagtai copper-gold project (Kharmagtai).

Key Points: 
  • Ltd. (Khuiten), which holds a 76.5% effective interest in the Kharmagtai copper-gold project (Kharmagtai).
  • The significant cash investment by Zijin provides funding for the Pre-Feasibility Study for Kharmagtai (Kharmagtai PFS) which will commence in early 2023 and take the project to a potential Final Investment Decision (FID) as early as 2024.
  • The US$35 million will be used to complete the Kharmagtai PFS, continue exploration and support associated expenditure on the project’s development.
  • Upon delivery of the Kharmagtai PFS, Xanadu will have certain rights to partially or fully selldown its project interest in Kharmagtai to Zijin.

Borqs to Establish with the U.S. Government a Plan to Divest its Ownership of Holu Hou Energy Due to Deemed Critical Technology

Retrieved on: 
Monday, December 19, 2022

Due to Borqs’ IoT software development and hardware sourcing capabilities in China, CFIUS is concerned that through Borqs, the PRC could gain significant visibility and exert influence over HHE’s business operations and get access to HHE critical technology.

Key Points: 
  • Due to Borqs’ IoT software development and hardware sourcing capabilities in China, CFIUS is concerned that through Borqs, the PRC could gain significant visibility and exert influence over HHE’s business operations and get access to HHE critical technology.
  • CFIUS is requiring the Company to design a plan to mitigate all identified national security risks to the satisfaction of CFIUS.
  • One segment of this new market is for communities of military and other government personnel.
  • The Company believes such points will enable the Company to accomplish the divestment in an orderly manner.

Global Personal Protective Equipment Market Report 2022: Expansion of the Industrial Sector Bodes Well for Growth - ResearchAndMarkets.com

Retrieved on: 
Wednesday, December 28, 2022

The "Global Personal Protective Equipment Market Size, Share & Industry Trends Analysis Report by Product, End-use, Regional Outlook and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Personal Protective Equipment Market Size, Share & Industry Trends Analysis Report by Product, End-use, Regional Outlook and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.
  • The Global Personal Protective Equipment Market size is expected to reach $118.8 billion by 2028, rising at a market growth of 5.5% CAGR during the forecast period.
  • During the projected period, the market for personal protective equipment is anticipated to rise due to a growing awareness of worker safety in the workplace.
  • The increasing awareness of personal protective equipment and the expansion of the industrial sector is anticipated to drive the growth of the PPE market over the forecast period.

Yunji Successfully Concludes its New Year Festive Goods Shopping Festival

Retrieved on: 
Thursday, January 5, 2023

HANGZHOU, China, Jan. 5, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that the final large-scale promotional event before the Lunar New Year, the New Year Festive Goods Shopping Festival ("the Event"), successfully concluded at the end of December 2022.

Key Points: 
  • HANGZHOU, China, Jan. 5, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that the final large-scale promotional event before the Lunar New Year, the New Year Festive Goods Shopping Festival ("the Event"), successfully concluded at the end of December 2022.
  • Following the recent relaxation of COVID restrictions, Yunji has sharpened its focus on the development of its range of healthcare and pandemic prevention products.
  • Among the Company's private labels, the high-end health food brand Baiyueshan's nutritious products continued to be megahits with users.
  • As the Lunar New Year approaches, the Company is dedicated to offering a seamless, high-quality shopping experience to all of its users during the festive period.

Zhongchao Inc. Announces Drug Distributorship in China of Indian Generic Drugs of Natco Pharma Limited

Retrieved on: 
Wednesday, January 4, 2023

Weiguang Yang, Chairman and Chief Executive Officer of Zhongchao, commented, "We are thrilled to announce the cooperation with Natco.

Key Points: 
  • Weiguang Yang, Chairman and Chief Executive Officer of Zhongchao, commented, "We are thrilled to announce the cooperation with Natco.
  • Mr. Yang further adds, "Due to compulsory licensing requirement in India, Indian generic drugs have the characteristics of early market penetration and good efficacy.
  • Going forward, Xinjiang Pharmaceutical will continue to expand its drug import and export trade business, and introduce imported drugs based on the demands of Chinese patients and increase drug supply offerings.
  • We have been committed to improving the drug accessibility and affordability for patients but bring in greater social economic benefits."

Ucommune Launches "Up to U" Digital Apartment Management Platform

Retrieved on: 
Tuesday, January 3, 2023

BEIJING, Jan. 3, 2023 /PRNewswire/ -- Ucommune International Ltd (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, announces that its latest apartment management platform named "Up to U" has been officially released today. "Up to U" utilizes digital operation, combining big data, IOT, cloud computing and other technologies, to greatly improve business efficiency and tenant experience.

Key Points: 
  • BEIJING, Jan. 3, 2023 /PRNewswire/ -- Ucommune International Ltd (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, announces that its latest apartment management platform named "Up to U" has been officially released today.
  • "Up to U" utilizes digital operation, combining big data, IOT, cloud computing and other technologies, to greatly improve business efficiency and tenant experience.
  • "Up to U" is developed by Beijing Xiyu Information Technology Co., Ltd., a subsidiary of the Company, aiming to integrate managed apartments and upgrade traditional rental service to digital management.
  • Founded in 2015, Ucommune has created a large-scale intelligent agile office ecosystem covering economically vibrant regions throughout China to empower its members with flexible and cost-efficient office space solutions.

OPIM Wins the Best hedge fund platform of 2022

Retrieved on: 
Tuesday, January 3, 2023

HONG KONG, Jan. 3, 2023 /PRNewswire/ -- OP Investment Management ("OPIM"), Asia's leading hedge fund platform, was voted the Best Hedge Fund Platform at the HFM Asian Services Awards 2022 on 30th November 2022.

Key Points: 
  • HONG KONG, Jan. 3, 2023 /PRNewswire/ -- OP Investment Management ("OPIM"), Asia's leading hedge fund platform, was voted the Best Hedge Fund Platform at the HFM Asian Services Awards 2022 on 30th November 2022.
  • In 2022, OPIM launched 9 funds, including strategies such as Equity Long Short/Long Bias, special thematic, private debt, and two very unique strategies:  advising its first digital assets fund followed by Asia's first revenue-based financing fund –MCI Connect.
  • OPIM now advises or manages 33 funds with AUM/AUA USD 1.5 billion on the platform.
  • OPIM's institutional fund platform attracts both managers and investors from around the world working with the industry's best business partners in alternative asset management.