NEWS WRAP: Unisound IPO offers up vertically integrated AI stack for investors
The provider of AI services for a wide range of business customers raised $41 million in its Hong Kong listing, and could raise more in the coming months with secondary…
BRIEF: GDS to separately list data center real estate assets as a REIT
Data center operator GDS Holdings Inc. (GDS.US; 9698.HK) said on Thursday that it plans to spin off and separately list its real estate assets as a real estate investment trust…
BRIEF: S.F. Holding raises $752 million through share placement, convertible bond
S.F. Holding Co. Ltd. (6936.HK; 002352.SZ) announced on Thursday that it raised HK$2.951 billion ($376 million) through a placement of 70 million new Hong Kong-listed shares priced at HK$42.15 each,…
BRIEF: CaoCao tumbles in Hong Kong trading debut
Ride-hailing platform CaoCao Inc. (2643.HK) slipped into reverse with its Hong Kong debut on Wednesday, as its shares opened down 20% at HK$33.80 on their first trading day. The stock…
BRIEF: Lens Technology cleared for Hong Kong listing
Smartphone glass supplier Lens Technology Co. Ltd. (300433.SZ) said on Sunday that its listing application was approved by the Hong Kong Stock Exchange, clearing a major hurdle for its IPO.…
BRIEF: S.F. Holding’s revenue rises in May on shopping festival boost
Parcel delivery company S.F. Holding Co. Ltd. (6936.HK; 002352.SZ) said on Thursday its revenue rose 11.3% in May year-on-year to 25.1 billion yuan ($3.5 billion), as a 31.8% jump in…
BRIEF: Black Sesame agrees to buy system-on-chips solutions provider
Autonomous vehicle chipmaker Black Sesame International Holding Ltd. (2533.HK) said on Wednesday it signed a non-binding agreement to acquire a developer of cost-effective and low power consumption AI system-on-chips solutions.…
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