BRIEF: JL Mag profit rises sharply in first three quarters
Rare-earth magnetic materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) announced on Thursday that it expects to report a net profit for the nine months through September of 505…
BRIEF: Zhida shares triple in trading debut after weak pricing
Shares of EV charger maker Shanghai Zhida Technology Development Co. Ltd. (2650.HK) tripled in their Hong Kong trading debut, closing up 192% at HK$195.50 on Friday after pricing weakly. The…
BRIEF: JD Logistics to buy two on-demand local delivery units from parent
Logistical services provider JD Logistics Inc. (2618.HK) said on Thursday it has agreed to buy two local on-demand delivery companies, Dasheng and Dajiang, from its parent, JD.com Inc. (JD.US; 9618.HK),…
BRIEF: ImmuneOnco to raise $45 million via share placement at 13% discount
Innovative drug developer ImmuneOnco (1541.HK) announced on Thursday that it plans to place 24.2 million new shares, representing about 5.61% of its enlarged share capital, to raise HK$351 million ($45…
BRIEF: MedBot reports strong year-to-date sales as commercialization accelerates
Shanghai MicroPort MedBot (Group) Co. Ltd. (2252.HK) said on Wednesday that cumulative orders for its core products, including laparoscopic, orthopedic, and vascular intervention surgical robots, surpassed 170 units as of…
NEWS WRAP: Hithium likely to continue Hong Kong IPO process after initial application
The energy storage company’s initial filing expired after a six-month limit, with an update likely by year-end as it reports rapid growth for its international and storage systems businesses By…
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