Investor Relations

Updated share price information on listed securities
South China Morning Post
  1. Guangzhou-based restaurants operator Jiumaojiu International Holdings is pivoting to younger consumers, as it emerges from the economic dislocation caused by the coronavirus pandemic.The company, whose shares debuted in Hong Kong in January last year following a HK$2.08 billion (US$267.4 million) initial public offering (IPO), will double down on its Tai Er restaurants, which specialise in pickled sauerkraut fish and are popular among younger consumers. Jiumaojiu plans to open 100 to 120 Tai Er…
  2. At the eleventh hour of its painstakingly negotiated investment deal with the European Union, China tried to add a clause that would have frozen some of the benefits for EU states that restricted access for Huawei Technologies Co. and other Chinese telecoms firms, according documents reviewed by the South China Morning Post.The insertion appeared in a draft negotiating text dated December 11, just weeks before the parties finalised their bilateral investment pact, but was struck-through by EU…
  3. Tesla delivered a record number of cars worldwide in the fourth quarter of 2020, but fell just shy of a goal for 500,000 units for the full year.The electric car maker delivered 180,570 vehicles in the last three months of the year, eclipsing its earlier all-time high of 139,300 in the third quarter of 2020 while increasing 36 per cent to 499,550 from 367,500 deliveries in 2019. The company has been ramping up output of its mass market models to meet rising global demand for battery-powered…
  4. Activist hedge fund Third Point is pushing Intel to explore strategic alternatives, including whether it should keep chip design and production under one roof, according to a letter it sent to the company’s chairman on Tuesday that was reviewed by Reuters.Were it to gain traction, Third Point’s push for changes could lead to a major shake-up at Intel, which has been slow to respond to investor calls to outsource more of its manufacturing capacity. It could also lead to the unwinding of some of…
  5. China’s has expanded the list of industries in which it will seek to encourage foreign investment by 10 per cent.A total of 127 areas have been added to the list, taking the total to 1,235 from 1,108 on the previous list. The new list will come into effect on January. 27China will seek to attract foreign investment in advanced manufacturing including artificial intelligence, semiconductors and 5G-related technology development, the National Development and Reform Commission said on Monday.China…
  6. Chinese companies are edging closer to commercialising their Covid-19 vaccine candidates, making it an opportune time to draw up a shortlist of local drug developers and supply-chain players even after stellar run this year, analysts said.While major global players like Pfizer, BioNTech, Moderna and AstraZeneca are grabbing the limelight with their novel mRNA shots, those developed by mainland Chinese rivals are in high demand in emerging markets despite being behind the curve in reaching the…
  7. China’s pipeline network behemoth signed a US$6.3 billion asset purchase in the latest step to bolster the nation’s energy security and break down market barriers.Kunlun Energy will sell a 60 per cent stake in a Beijing natural gas pipeline and a 75 per cent stake in its Dalian LNG company for 40.9 billion yuan to the new state-owned firm China Oil & Gas Pipeline Network Corp (PipeChina), according to a statement to the Shanghai Stock Exchange on Tuesday. Kunlun Energy is a PetroChina…
  8. This final instalment in a five-part series on the future of China’s fintech industry looks at what the largest fintech companies must do to survive and thrive in a harsher regulatory landscape. Earlier instalments are here.When Ant Group’s executive chairman finally broke his silence this week, nearly two months after the largest stock sale in history blew up, his choice of words at a seminar in China were more akin to the speech of a state-appointed banker than a technology entrepreneur out…
  9. Foreign direct investment (FDI) into China rose 6.3 per cent in the first 11 months of 2020 year on year to 899.38 billion yuan (US$137.3 billion), the Chinese commerce ministry said on Tuesday.For November alone, FDI rose 5.5 per cent from a year earlier to 98.7 billion yuan (US$15 billion).This marked the eighth consecutive month for positive growth in FDI.FDI into China had risen by 18.3 per cent in October from a year earlier to 81.87 billion yuan, while for the January-October period, FDI…
  10. The majority shareholder of apparel and accessory retailer I.T has teamed up with a private equity fund to privatise the company amid mounting losses because of the Covid-19 pandemic and in spite of restructuring efforts to improve its competitive advantage with a bigger online presence.I.T, founded by Sham Kar-wai, 53, and his brother Sham Kin-wai, 50, is the retailer of several brands including Alexander McQueen and Comme des Garcons. “While the company has adopted online strategies, it has…