BRIEF: Aux shares slump in Hong Kong trading debut
Shares of Aux Electric Co. Ltd. (2580.HK) fell 5.4% on their first trading day in Hong Kong on Tuesday, as the air conditioner maker raised nearly HK$4 billion ($513 million).…
INDUSTRY BRIEF: China eases TV drama restrictions, industry sees turning point
China’s television drama industry is seeing its most significant regulatory relaxation in nearly 20 years, according to a report in financial media Caixin. The National Radio and Television Administration (NRTA)…
NEWS WRAP: Chagee posts double-digit growth, as global expansion advances
The premium tea chain’s revenue rose 10.5% in the second quarter, as it entered the U.S. with its first store in Los Angeles By Doug Young Premium tea chain…
INDUSTRY BRIEF: Macao’s gaming revenue hits year-high in August
Macao’s gross gaming revenue reached 22.16 billion patacas ($2.76 billion) in August, up 12.2% year-on-year and edging up 0.14% from the previous month, the city’s Gaming Inspection and Coordination Bureau…
NEWS WRAP: J&T Express posts revenue, profit gains as Southeast Asia unit booms
The logistics company handled around 14 billion parcels in the first half of this year, with strong growth in Southeast Asia and new markets in South America, Africa and the…
BRIEF: Guofu Hydrogen raises $11.67 million via share placement at 17% discount
Hydrogen storage and transportation equipment maker Jiangsu Guofu Hydrogen Energy Equipment Co. Ltd. (2582.HK) announcedon Sunday that it will place up to 1.73 million new Hong Kong-listed shares at HK$54…
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