FAST NEWS: Rosefinch fund cuts JL Mag stake for eighth time this year
The Latest: Institutional investor Rosefinch Fund Management disclosed it sold about 850,000 Hong Kong-listed shares of rare earth materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) on April 8 at an average…
FAST NEWS: JL Mag’s profit dips on volatile rare earth prices
The latest: Rare earth materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) announced on Thursday its revenue fell 15.2% to 1.62 billion yuan ($222 million) in the third quarter, while its net…
FAST NEWS: Great Wall Motor’s profit plunges on subsidy decline, product mix adjustment
The latest: Great Wall Motor Co. Ltd. (2333.HK; 601633.SH) reported last Friday its revenue dropped 13.6% year-on-year in the first quarter to 29.04 billion yuan ($4.22 billion), while its net…
FAST NEWS: JL Mag to Build Magnetic Steel Composite Recycling Project in Mexico
The latest: High-performance rare earth materials maker JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) announced on Tuesday it will invest $100 million to build a comprehensive project to process waste neodymium (NdFeB) magnetic material…
FAST NEWS: Rising Rare Earth Prices Hit JL Mag’s Margins
The latest: High-performance rare earth materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) announced on Wednesday its revenue rose 82.7% to 3.3 billion yuan ($480 million) in the first…
IPO-Bound Tuhu Searches for Profits in Aftermarket Car Services
The company backed by Tencent has filed to list its shares in Hong Kong in a deal that could value it at around $2.6 billion Key takeaways: Tuhu has filed…
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