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…
BRIEF: Tech stocks shine in Hang Seng Composite review, consumer and pharma lag
Hong Kong’s benchmark Hang Seng Index (HSI) remained unchanged at 83 constituents in the compiler’s latest adjustments, while the Hang Seng Composite Index’s (HSCI) constituents dropped from 517 to 505…
BRIEF: Pagoda forecasts up to $54.8 million loss last year
Fruit retailer Shenzhen Pagoda Industrial Group Co. Ltd. (2411.HK) warned on Monday that it lost between 350 million yuan ($48.6 million) and 400 million yuan last year, reversing a profit…
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…
Its 10-year plan dying on the vine, what went wrong at Pagoda?
The fruit giant’s shares have crashed this year as it and its food and beverage peers get shunned by China’s increasingly frugal consumers Key Takeaways: Pagoda’s profit for the first…
Caught in a payment jam, Hongjiu Fruit issues more shares
The leading Chinese distributor of high-end fruit has been forced to raise more capital to help bridge a gap between incoming payments and outgoings Key Takeaways: In the first half…
Will Pagoda’s ambitious 10-year plan bear fruit, or is it destined to wither on the vine?
China’s leading fruit seller has announced a plan to become king of the global fruit industry over the next decade Key Takeaways: Pagoda has unveiled an ambitious plan to boost…
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