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…
EKH turns to Hong Kong market to load up on new funds
The Singapore-based operator of container depots is in the market for IPO cash to fund a big freight complex, but it may struggle to convince investors Key Takeaways: The company…
BRIEF: T.S. Lines to raise up to HK$1.1 billion in Hong Kong IPO
Container ship operatorT.S. Lines Ltd. (2510.HK) launched its IPO on Wednesday, seeking to raise up to HK$1.13 billion by issuing nearly 251 million shares at a price of HK$3.50 to…
FAST NEWS: CIMC Vehicles profit soars on supply chain shortages
The Latest: Container truck manufacturer CIMC Vehicles (Group) Co. Ltd. (1839.HK; 301039.SZ) said it expects to report a profit of 1.8 billion yuan ($252 million) to 2 billion yuan for…
Truck Maker CIMC Vehicles Gets Jump-Start From Citigroup
Company’s undervalued shares jump 17% after U.S. financial giant discloses its purchase of a 6.7% stake worth around $200 million Key points: Citigroup has joined Singapore’s GIC by buying a…
