Investor Relations

Updated share price information on listed securities
  1. Luckin Coffee said on Friday it had withdrawn a request for an oral hearing submitted to the Nasdaq exchange in New York, paving the way for its delisting.The Xiamen-based start-up, often viewed as China’s answer to Starbucks, said in a statement that it would “not to seek to reverse or stay the listing qualification staff’s determination of delisting the company from the Nasdaq global select market”.The company said it had been notified by Nasdaq that its shares would be suspended at the open…
  2. This is the third story in a three-part series examining the Chinese government’s new Go West plan to develop the central and western regions of the country in response to growing challenges in the international environment. You can read the first and second stories in the series here.China’s latest blueprint to stimulate its western provincial economies has been met with a collective shrug of the shoulder from foreign firms, many of which are suffering from “regional development plan fatigue”…
  3. Huang Guangyu, the founder and former chairman of Gome Retail Holdings, one of China’s largest bricks-and-mortar electronics retailers, has been released from jail on parole, a court in Beijing said on Wednesday.The Beijing No. 1 Intermediate People’s Court ruled that Huang will be released on probation on Wednesday, according to an announcement on the Beijing Municipal High People’s Court’s official WeChat account. He was sentenced to 14 years in jail and his release was expected in November…
  4. Shanghai-based Zhenro Properties plans to build up its land bank this year by acquiring plots during distress sales by smaller companies.The top-tier developer believes underperforming smaller property companies will be forced to offload projects in the second half of the year, with some filing for bankruptcy, and will not buy all its land at expensive government auctions.“About 20 per cent to 30 per cent of home builders will be gone [in the next couple of years]. Some will just exit the…
  5. Emperor International Holdings, the biggest landlord on Hong Kong’s Russell Street, the world’s most expensive shopping avenue last year, reported a net loss of HK$3.6 billion (US$464.5 million) for the 2019-2020 financial year on Tuesday.The company, the property arm of Albert Yeung Sau-shing's privately run Emperor Group, reported the loss in a filing to the Hong Kong stock exchange late on Tuesday.Emperor said the loss, its first since 2016, could be attributed mainly to a revaluation loss…
  6. Sa Sa International Holdings, Hong Kong’s biggest cosmetics retailer, has reported a record loss after bearing the full brunt of the US-China trade war, social unrest and the coronavirus pandemic.The firm incurred a net loss of HK$515.9 million (US$66.6 million) for the year ending March 31 versus a profit of HK$470.8 million a year earlier, it said in an exchange filing on Thursday. The loss is also the company’s first since 2002, prompting deep cost-cutting measures for survival.“The Covid-19…
  7. Some of the biggest names in finance and business made a fortune on Zoom Video Communications: Hong Kong’s Li Ka-shing, Tiger Global Management’s Chase Coleman and, of course, founder Eric Yuan, whose net worth has surged to US$10.7 billion.And then there’s Samuel Chen, a little-known Taiwanese investor who made his initial wealth through ink trading and started putting money in the videoconferencing juggernaut about a decade ago.Chen’s Digital Mobile Venture, which took part in Zoom’s early…
  8. Apparel and accessory retailer I.T has become the latest Hong Kong company to issue a profit warning. The company said it expects net loss to more than double from its previous forecast in April, as the city’s economy suffers from one of its worst economic downturns due to the coronavirus pandemic and social unrest.The distributor of European and Japanese brands such as French Connection and A Bathing Ape said net loss will reach at least HK$700 million (US$90.3 million) for the year ended…
  9. Asahi Group Holdings plans to borrow 1.19 trillion yen (US$11 billion) from Japanese lender Sumitomo Mitsui Banking Corporation to complete its long-brewing purchase of Anheuser-Busch InBev’s Australian business.AB InBev, the world’s largest brewer, agreed to sell its Australian business for A$16 billion (US$11 billion) to Asahi in July last year, after briefly shelving the Hong Kong initial public offering of its Asia-Pacific arm, Budweiser Brewing Company APAC, amid months of anti-government…
  10. A Hong Kong start-up is on the frontline of the fight to make professional live sport safe to resume and for the fans to gradually return to watch games, while raising capital from venture capitalists for expansion.Prenetics, which counts former Manchester United and England football captain Rio Ferdinand among its shareholders, sealed a deal with the Premier League in early May to test players and is in talks with other sports associations to help restart live fixtures.In the UK, Prenetics is…