INDUSTRY BRIEF: Starbucks considers selling China business
Starbucks Corp. (SBUX.US) is considering selling its China business, shifting from a previous plan to sell a stake in the operation to one or more partners, financial media Caixin reported…
BRIEF: Modern Dairy’s loss widens on saturated China market
China Modern Dairy Holdings Ltd. (1117.HK) announced on Sunday it expects to record a net loss of between 800 million yuan ($111 million) and 1 billion yuan for the first…
BRIEF: Coconut water leader IF launches $148 million Hong Kong IPO
IFBH Ltd. (6603.HK), parent of the popular IF coconut water brand, launched its Hong Kong IPO on Friday, aiming to sell 41.7 million shares for between HK$25.30 and HK$27.80 apiece to…
BRIEF: Luk Fook Holdings fiscal year profit drops 40%
Jewelry retailer Luk Fook Holdings (International) Ltd. (0590.HK) announced on Tuesday that it expects to report its net profit fell by 40% year-on-year in its fiscal year through March 2025.…
BRIEF: Zhou Liu Fu launches $143 million Hong Kong IPO
Jeweler Zhou Liu Fu Jewellery Co. Ltd. (6168.HK) launched its Hong Kong IPO on Wednesday, aiming to raise about HK$1.12 billion ($143 million) by selling 46.8 million shares for HK$24…
BRIEF: X.J. Electronics to raise up to $28 million in Hong Kong IPO
Kitchen appliance maker X.J. Electronics (Hu Bei) Co. Ltd. (2619.HK) launched its Hong Kong IPO on Tuesday, aiming to raise up to HK$228 million ($28 million) through the sale of…
BRIEF: Ride-hailing platform CaoCao launches $236 million IPO
Ride-hailing platform CaoCao Inc. (2643.HK) on Tuesday launched its Hong Kong IPO, aiming to sell 44.18 million shares at HK$41.94 apiece to raise about HK$1.85 billion ($236 million). Share subscriptions will…
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