Spoiled ending for Hongjiu, as Hong Kong delists former fruit highflyer
With founder Deng Hongjiu in jail on suspicion of accounting fraud, the company’s worthless shares have been booted from the Hong Kong Stock Exchange Key Takeaways: Three years after its…
Pagoda finds fruit in share placement as weak business weighs
Not long after reporting bleak midyear results, the fruit seller raised $42 million in fresh funds by selling new stock at a steep discount Key Takeaways: Pagoda Industrial has raised…
Qiyunshan IPO tests investor appetite for Chinese fruit snacks
With 32% of its market for products using dried jujubes, the Jiangxi-based company is the latest Chinese snack maker seeking to go public in Hong Kong Key Takeaways: Qiyunshan has…
Did falling durian prices undermine an already-shaky Hongjiu Fruit?
The fruit seller has yet to issue a 2023 annual report since KPMG resigned as its auditor in April, as top executives pledge shares to raise cash and an investigative…
BRIEF: Pagoda invests 400 million yuan in wealth management products
Fruit seller Shenzhen Pagoda Industrial Group Co. Ltd. (2411.HK) announced on Wednesday that it invested 400 million yuan ($56 million) in two wealth management products. One was a structured deposit…
