US

PDD Holdings Announces Second Quarter 2023 Unaudited Financial Results

Retrieved on: 
Tuesday, August 29, 2023

DUBLIN and SHANGHAI, Aug. 29, 2023 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD), today announced its unaudited financial results for the second quarter ended June 30, 2023.

Key Points: 
  • DUBLIN and SHANGHAI, Aug. 29, 2023 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD), today announced its unaudited financial results for the second quarter ended June 30, 2023.
  • Total revenues in the quarter were RMB52,280.7 million (US$17,209.8 million), an increase of 66% from RMB31,439.6 million in the same quarter of 2022.
  • Operating profit in the quarter was RMB12,718.8 million (US$1,754.0 million), an increase of 46% from RMB8,697.2 million in the same quarter of 2022.
  • Non-GAAP2 operating profit in the quarter was RMB14,609.4 million (US$2,014.7 million), an increase of 39% from RMB10,541.5 million in the same quarter of 2022.

Luca Mining and EnviroGold Global Announce MOU to Reprocess Historical Tailings at Campo Morado Mine

Retrieved on: 
Tuesday, August 29, 2023

The scope of the initial project is to evaluate the reprocessing of the historical Campo Morado ("Campo") tailings that are currently being stored in Campo's original tailings storage facility.

Key Points: 
  • The scope of the initial project is to evaluate the reprocessing of the historical Campo Morado ("Campo") tailings that are currently being stored in Campo's original tailings storage facility.
  • EnviroGold and Luca will work together to develop a definitive processing agreement that will provide a stage-gated approach to the development of the Project.
  • The Project will follow the standard approach with EnviroGold working with Luca to complete a preliminary economic assessment ("PEA").
  • Initial testwork on Campo Morado tailings samples in 2021 achieved preliminary gold recoveries of approximately 60% using EnviroGold's proprietary NVRO technology.

X Financial Reports Second Quarter 2023 Unaudited Financial Results

Retrieved on: 
Monday, August 28, 2023

Income from operations in the second quarter of 2023 was RMB444.7 million (US$61.3 million), compared with RMB193.8 million in the same period of 2022.

Key Points: 
  • Income from operations in the second quarter of 2023 was RMB444.7 million (US$61.3 million), compared with RMB193.8 million in the same period of 2022.
  • Net income in the second quarter of 2023 was RMB366.3 million (US$50.5 million), compared with RMB185.7 million in the same period of 2022.
  • Non-GAAP[6] adjusted net income in the second quarter of 2023 was RMB364.9 million (US$50.3 million), compared with RMB210.7 million in the same period of 2022.
  • Mr. Frank Fuya Zheng, Chief Financial Officer of the Company, added, "We are very pleased with our strong financial results for the second quarter.

US Nuclear Considering Expanding Sensor Technology Into Vehicular Industry

Retrieved on: 
Monday, August 28, 2023

In light of this, US Nuclear is considering to expand by researching and reselling high-end sensors, monitors, and systems, needed by the transport industries towards reducing injuries, fatalities and pollution.

Key Points: 
  • In light of this, US Nuclear is considering to expand by researching and reselling high-end sensors, monitors, and systems, needed by the transport industries towards reducing injuries, fatalities and pollution.
  • In that process, US Nuclear also expects to discover real safety and efficiency problems still without any fix.
  • US Nuclear is strongly focused on worker, driver and public safety, for a safer world.
  • Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov , or the company’s website at www.usnuclearcorp.com .

Opthea Successfully Completes Institutional Offer and Increases Capital Raising to A$90.0m (US$57.6 million¹)

Retrieved on: 
Monday, August 28, 2023

The non-underwritten institutional placement (Placement) and the institutional component (Institutional Entitlement Offer) of the fully underwritten 1 for 3.07 pro-rata accelerated non-renounceable entitlement offer (Entitlement Offer) together raised approximately A$73.7m.

Key Points: 
  • The non-underwritten institutional placement (Placement) and the institutional component (Institutional Entitlement Offer) of the fully underwritten 1 for 3.07 pro-rata accelerated non-renounceable entitlement offer (Entitlement Offer) together raised approximately A$73.7m.
  • Approximately 160.2m shares will be issued under the Placement and the Institutional Entitlement Offer (New Shares) at an offer price of A$0.46 per New Share.
  • Eligible institutional shareholders took up approximately 47.0% of their entitlements with the shortfall placed to both new and existing institutional shareholders.
  • Trading Halt and announcement of the Equity Raising, lodgement of Offer Documents, including Prospectus with ASIC
    Announcement of completion of the Institutional Entitlement offer, trading halt lifted, existing securities recommence trading

AMTD IDEA Group announced a step up of approx. US$100million into AMTD Digital Inc. with a lock up of 5 years

Retrieved on: 
Monday, August 28, 2023

AMTD Digital Inc. (“AMTD Digital”, NYSE: HKD) AMTD IDEA Group (“AMTD IDEA”, NYSE: AMTD; SGX: HKB) jointly announced today that the boards of directors of the two companies have approved the issuance and sale of Class B ordinary shares by AMTD Digital to AMTD IDEA for a total consideration of not more than US$100 million (US$520 per share).

Key Points: 
  • AMTD Digital Inc. (“AMTD Digital”, NYSE: HKD) AMTD IDEA Group (“AMTD IDEA”, NYSE: AMTD; SGX: HKB) jointly announced today that the boards of directors of the two companies have approved the issuance and sale of Class B ordinary shares by AMTD Digital to AMTD IDEA for a total consideration of not more than US$100 million (US$520 per share).
  • As a further demonstration of AMTD IDEA’s long-term commitment in the development of AMTD Digital, AMTD IDEA voluntarily commits to a 5-years lock up period on such shares acquired through this subscription.
  • Dr. Timothy Tong, chairman of the board of directors of AMTD Digital, commented: “The share subscription by AMTD IDEA demonstrates our parent company's strong confidence in our long-term and sustainable development.
  • The management is motivated to pursue greater success through continuous innovation in the digital world.”
    Dr. Feridun Hamdullahpur, chairman of the board of directors of AMTD IDEA, commented: “We are fully confident in and committed to our long-term strategic core holding in AMTD Digital, seeing enormous potentials in its media, culture and entertainment businesses as well as its diversified shareholding base with global connectivity leveraging on the NYSE platform.”

Fasoo Announces Strategic Partnership with CyberKnight for its Next Phase of Global Expansion into the Middle East Market

Retrieved on: 
Monday, August 28, 2023

BETHESDA, Md., Aug. 28, 2023 /PRNewswire/ -- Fasoo, a leader in data-centric security, is excited to announce a strategic technology partnership with CyberKnight as a value-added distributor (VAD) as a part of its global expansion. CyberKnight Technologies is a cybersecurity focused value-added-distributor (VAD), headquartered in Dubai, covering the Middle East with on-the-ground presence in all key Middle East markets and is on the verge of reaching $100 million in sales this year.

Key Points: 
  • Fasoo aims to increase its presence in the rapidly growing data security market in the Middle East and by choosing CyberKnight as a value-added distributor (VAD), Fasoo will strengthen its position as a leading global data security company.
  • BETHESDA, Md., Aug. 28, 2023 /PRNewswire/ -- Fasoo , a leader in data-centric security, is excited to announce a strategic technology partnership with CyberKnight as a value-added distributor (VAD) as a part of its global expansion.
  • CyberKnight Technologies is a cybersecurity focused value-added-distributor (VAD), headquartered in Dubai, covering the Middle East with on-the-ground presence in all key Middle East markets and is on the verge of reaching $100 million in sales this year.
  • "CyberKnight is the leading cybersecurity VAD in the Middle East.

Fasoo Announces Strategic Partnership with CyberKnight for its Next Phase of Global Expansion into the Middle East Market

Retrieved on: 
Monday, August 28, 2023

BETHESDA, Md., Aug. 28, 2023 /PRNewswire/ -- Fasoo, a leader in data-centric security, is excited to announce a strategic technology partnership with CyberKnight as a value-added distributor (VAD) as a part of its global expansion. CyberKnight Technologies is a cybersecurity focused value-added-distributor (VAD), headquartered in Dubai, covering the Middle East with on-the-ground presence in all key Middle East markets and is on the verge of reaching $100 million in sales this year.

Key Points: 
  • Fasoo aims to increase its presence in the rapidly growing data security market in the Middle East and by choosing CyberKnight as a value-added distributor (VAD), Fasoo will strengthen its position as a leading global data security company.
  • BETHESDA, Md., Aug. 28, 2023 /PRNewswire/ -- Fasoo , a leader in data-centric security, is excited to announce a strategic technology partnership with CyberKnight as a value-added distributor (VAD) as a part of its global expansion.
  • CyberKnight Technologies is a cybersecurity focused value-added-distributor (VAD), headquartered in Dubai, covering the Middle East with on-the-ground presence in all key Middle East markets and is on the verge of reaching $100 million in sales this year.
  • "CyberKnight is the leading cybersecurity VAD in the Middle East.

Callinex Files Technical Report Regarding its High-Grade Mineral Resource Estimate and Provides Exploration Update at its Pine Bay Project in Manitoba

Retrieved on: 
Monday, August 28, 2023

The estimate of Mineral Resources may be materially affected by environmental permitting, legal title, taxation, socio-political, marketing or other relevant issues.

Key Points: 
  • The estimate of Mineral Resources may be materially affected by environmental permitting, legal title, taxation, socio-political, marketing or other relevant issues.
  • The inferred mineral resource in this resource estimate has a lower level of confidence than that applied to an indicated mineral resource and must not be converted to a mineral reserve.
  • It is reasonably expected that a majority of the inferred mineral resource could be upgraded to an indicated mineral resource with continued exploration.
  • Mr. O'Donnell is the Qualified Person for all technical information in this news release, excluding the Mineral Resource Estimate.

Baozun Announces Second Quarter 2023 Unaudited Financial Results

Retrieved on: 
Monday, August 28, 2023

SHANGHAI, Aug. 28, 2023 /PRNewswire/ -- Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) ("Baozun", the "Company" or the "Group"), a leading brand e-commerce solution provider and digital commerce enabler in China, today announced its unaudited financial results for the second quarter ended June 30, 2023.

Key Points: 
  • SHANGHAI, Aug. 28, 2023 /PRNewswire/ -- Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) ("Baozun", the "Company" or the "Group"), a leading brand e-commerce solution provider and digital commerce enabler in China, today announced its unaudited financial results for the second quarter ended June 30, 2023.
  • Mr. Arthur Yu, Chief Financial Officer of Baozun and President of BEC, commented, "In the second quarter of 2023, BEC once again achieved better year-over-year profits and cash flows, benefiting from our consistent efforts in enhancing value and reducing costs.
  • Currently, BBM mainly comprises product sales revenue of Gap Shanghai, and product sales for BBM in the second quarter of 2023 totaled RMB324.2 million.
  • Gross profit margin of product sales for BBM in the second quarter of 2023 was 51.9%.