BRIEF: Miniso’s revenue rises, but profit falls as same-store sales remain weak
Retailer Miniso Group Holding Ltd. (MNSO.US; 9896.HK) reported on Friday its revenue rose but its profit fell in the first quarter, as business from new store openings helped to offset…
BRIEF: Sun Art returns to the black on changing store mix
Supermarket operator Sun Art Retail Group Ltd. (6808.HK) reported Tuesday that revenue for its latest fiscal year through March fell 1.4% year-on-year to 71.6 billion yuan ($9.91 billion). But the…
NEWS WRAP: Green Tea Group slumps on Hong Kong trading debut
The restaurant operator’s shares fell 5.6% in their first half-day of trade, as investors worried about weak consumer sentiment in China By Doug Young Shares of restaurant operator Green…
BRIEF: Meituan to enter Brazil with $1 billion investment over five years
Food delivery giant Meituan (3690.HK) announced it will expand its Keeta overseas delivery platform into Brazil, following launches in Hong Kong and Saudi Arabia. The company said Keeta will debut…
BRIEF: Lancang Ancient Tea shareholder pledges stake amid trading halt
Tea merchant Pu’er Lancang Ancient Tea Co. Ltd. (6911.HK) said on Tuesday that controlling shareholders Wang Juan and Guangzhou Tiansu Information have pledged nearly 20 million shares as collateral for…
BRIEF: Shanghai XNG raises $1 million in discounted share placement
Shanghai-based restaurant operator Shanghai XNG Holdings Ltd. (3666.HK) on Monday announced a placement of nearly 443 million shares for HK$0.02 per share, representing a 16.7% discount to its last closing…
BRIEF: Goldlion privatization rejected by shareholders
Apparel maker Goldlion Holdings Ltd. (0533.HK) announced on Friday that a plan to privatize the company from major shareholder and Chairman Tsang Chi Ming was rejected by shareholders. Shareholders representing…
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