NEWS WRAP: Hutchmed sells non-core asset to focus on cancer treatment
The drug maker is selling most of its stake in a joint venture with Shanghai Pharmaceuticals for $608 million By Teri Yu Hutchmed (China) Ltd. (HCM.US; 0013.HK; HCM.L), the biopharmaceutical…
Fosun International on cusp of new ‘asset-light’ era with latest sale
The conglomerate is selling its stake in multinational insurer Ageas, extending a slimming exercise touched off by a liquidity crisis in 2022 Key Takeaways: Fosun International’s total debt-to-capitalization ratio stood…
AMTD Digital Becomes Unexpected Meme Stock. And Surprise – It’s Already Crashing
The company’s shares soared as much as 21,426% in the weeks after its IPO last month, making it Wall Street’s newest meme stock Key Takeaways: Shares in digital financial services…
After Ho-Hum Pricing, AMTD Digital Storms Out of the Gate in U.S. Trading Debut
Shares of fintech accelerator backed by Hong Kong billionaire Li Ka-shing more than tripled from their IPO price in their first two trading days Key Takeaways: Hong Kong-based AMTD Digital…
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