Biren announces $518 million share placement
AI general-purpose graphics processing unit (GPGPU) supplier Shanghai Biren Technology Co. Ltd. (6082.HK) on Thursday announced a new share placement to raise HK$4.04 billion ($518 million). Combined with a previous…
Hongli announces new chairman, departure of independent director
Cold rolled steel producer Hongli Group Inc. (HLP.US) on Tuesday announced a change in its chairman and resignation of one of its independent directors, citing personal reasons for both moves.…
ITC Properties pivots to AI with $12.47 million acquisition
ITC Neocloud Group Ltd. (0199.HK), formerly known as ITC Properties Group Ltd., announced on Tuesday that it plans to acquire 80% of Guangzhou Chaoqi Xiyang Technology Co. Ltd. for 83.6…
Camsense triples in Hong Kong trading debut
Shares of robot vacuum component maker Shenzhen Camsense Technologies Co. Ltd. (6802.HK) soared in their Hong Kong trading debut on Wednesday, nearly doubling at the open and climbing during the…
Nuobikan seeks $17 million in share placement at 13.6% discount
AI technology company Nuobikan Artificial Intelligence Technology (Chengdu) Co. Ltd. (2635.HK) said on Tuesday it plans to place 16.49 million new shares, representing about 4.17% of its enlarged share capital.…
Red Avenue shares slump in Hong Kong trading debut
Shares of new materials maker Red Avenue New Materials Group Co. Ltd. (9607.HK; 603650.SH) fell in their trading debut on Tuesday, as the company was one of four new listings…
Kinwong Electronic rises in Hong Kong trading debut, reversing opening decline
Printed circuit board (PCB) manufacturer Shenzhen Kinwong Electronic Co. Ltd. (3228.HK; 603228.SH) opened 7% lower in its Hong Kong trading debut on Tuesday, but then reversed course to close up…
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