Chow Tai Fook rediscovers gold in convertible bonds
The fundraising, even as the Hong Kong jeweler has sufficient financial resources to run its current operation, could hint at plans for its next growth phase Key Takeaways: Chow Tai…
Fosun jewelry unit mines gold from new investors even as its profit shrinks
A Bank of China unit agreed to pump 400 million yuan into Shanghai Yuyuan Jewelry Fashion Group, becoming one of the company’s latest new investors Key Takeaways: Bank of China…
BRIEF: Luk Fook Holdings fiscal year profit drops 40%
Jewelry retailer Luk Fook Holdings (International) Ltd. (0590.HK) announced on Tuesday that it expects to report its net profit fell by 40% year-on-year in its fiscal year through March 2025.…
High gold prices may take the shine off Hipine as it seeks Hong Kong IPO
The maker of gold watches is grappling with high production costs and weak sales growth following a big jump in prices of the precious metal Key Takeaways: Hipine has filed…
BRIEF: Chow Tai Fook’s revenue slumps, shutters 406 stores
Jewelry retailer Chow Tai Fook Jewellery Group Ltd. (1929.HK) reported on Thursday its sales fell 11.6% year-on-year in the three months through March. The company’s sales in Mainland China dropped…
Two IPOs: One in Autonomous Driving and One in Gold
Robotaxi operator Pony.ai raised more than $400 million in its U.S. IPO. And jewelry store operator Mokingran raised a smaller $67 million in its Hong Kong listing By Doug Young…
FAST NEWS: High gold prices dampen Luk Fook’s business
The Latest: Jeweler Luk Fook Holdings (International) Ltd. (1361.HK) said on Thursday its retailing revenue in the second quarter of its fiscal year through September fell 25% year-on-year, citing a high base effect…
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