BRIEF: CATL jumps in trading debut as Hong Kong’s biggest IPO this year
Shares of electric vehicle (EV) battery maker Contemporary Amperex Technology Co. Ltd. (CATL) (3750.HK; 300750.SZ) opened up 12% from their IPO price in their Hong Kong trading debut on Tuesday, and continued…
BRIEF: Stimulus policies fuel 54.6% jump in Qifu’s quarterly profit
Online lending services provider Qifu Technology Inc. (QFIN.US; 3660.HK) reported on Monday its revenue rose 12.94% year-on-year to 4.69 billion yuan ($653 million) in the first quarter. Its net profit…
INDUSTRY BRIEF: Polysilicon makers slash output to 30-40% of capacity
Chinese polysilicon makers have slashed their output and are currently operating at less than 40% of capacity, as they struggle to cut their losses from selling product at less below…
BRIEF: Cloud Factory chairman to sell up to 15% stake
Cloud Factory Technology Holdings Ltd. (2512.HK), a provider of internet data center services, announced on Monday that its chairman and CEO plans to sell up to 69 million of his…
BRIEF: Jihong Group seeks up to $93 million in Hong Kong IPO
Cross-border social e-commerce and paper packaging company Xiamen Jihong Co. Ltd. (2603.HK, 002803.SZ) launched its Hong Kong IPO on Monday, aiming to sell 67.91 million shares priced between HK$7.48 and…
NEWS WRAP: Green Tea Group slumps on Hong Kong trading debut
The restaurant operator’s shares fell 5.6% in their first half-day of trade, as investors worried about weak consumer sentiment in China By Doug Young Shares of restaurant operator Green…
