BRIEF: Kingsoft convertible bondholders exercise partial conversion
Software developer Kingsoft Corp. Ltd. (3888.HK) said on Tuesday that holders of its maturing one-year convertible bonds exercised partial conversion rights to receive 10.12 million shares, representing about 0.75% of…
BRIEF: Chinasoft launches first robotic OS based on Huawei’s Harmony
Software maker Chinasoft International Ltd. (0354.HK) on Thursday announced the launch of the first robotic operating system (OS) based on Huawei Technologies’ Harmony OS. Chinasoft said it co-developed the product,…
BRIEF: Cosco Shipping’s first-quarter profit rises 7%
Cosco Shipping Development Co. Ltd. (2866.HK) on Wednesday reported a profit of 480 million yuan ($65 million) for the first quarter, up 7.4% from the same period last year. Excluding…
BRIEF: CSSC’s first-quarter profit surges
Military ship maker CSSC Offshore & Marine Engineering (Group) Co. Ltd (0317.HK) on Tuesday forecast it would report a first-quarter net profit of between 170 million yuan ($23 million) and…
NEWS WRAP: Lalatech targets new markets as global contribution grows
The intra-city logistics company said it plans to further expand to the Middle East this year, as its international business becomes a major growth driver By Doug Young Logistics…
BRIEF: Dada Nexus agrees to be privatized by JD.com
Intra-city delivery company Dada Nexus Ltd. (DADA.US) said on Tuesday it signed a definitive agreement to be privatized by majority stakeholder JD.com (JD.US; 9618.HK) at a price of $2 per…
BRIEF: Intercont shares fall in first two trading days after U.S. IPO
Shares of shipping company Intercont (Cayman) Ltd. (NCT.US) sagged in their first two trading days, after the company raised $10.5 million in gross proceeds through the sale of 1.5 million…
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