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…
BRIEF: Autohome slashes headcount as revenue sags
Car-trading services provider Autohome Inc. (ATHM.US; 2518.HK) on Thursday reported its revenue slumped 10% in the first quarter, as the company cut about a fifth of its workforce over the…
BRIEF: Green Tea launches $156 million IPO, backed by eight cornerstone investors
Restaurant operator Green Tea Group Ltd. (6831.HK) launched its Hong Kong IPO on Thursday, aiming to sell 168 million shares priced at HK$7.19 each to raise about HK$1.21 billion ($156…
BRIEF: Bud APAC’s revenue falls 7.5% in first quarter, dragged down by China
Budweiser Brewing Co. APAC Ltd. (1876.HK) on Thursday said its revenue fell 7.5% year-on-year to $1.46 billion in the first quarter, as solid growth in most markets failed to offset…
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