Author: Marie Jones

On April 28, E-House China Enterprise Holdings Co., Ltd. (HKG:2048) announced it had acquired an 85% stake in Tmall Haofang, through an issue of 248 million new E-House shares to Alibaba (NYSE: BABA; 9988.HK). At HK$ 7.50 per share, it was the equivalent to an acquisition at HK$ 1.86 billion. At the same time, Alibaba, E-House founder and chairman Zhou Xin, and Alibaba’s Yunfeng Fund invested HK$ 990 million, HK$ 1 billion and HK$ 500 million respectively at the price of HK$ 7.50 per share to subscribe to 132 million, 133 million and 66.67 million new shares of E-House. On…

CIC and ZALL Group bag gold and silver awards respectively for the “Innovation in Business-to-Business Services” and “Best Corporate Response” categories respectively Commodities Intelligence Centre (CIC), a physical commodities B2B e-trade platform, announced today that it has won the prestigious Gold Stevie(R) Award for “Innovation in Business-to-Business Services”. Its parent company, ZALL Smart Commerce Group (ZALL Group), a leading Chinese B2B e-commerce group with a global presence, has also received the Silver Stevie Award winner for “Best Corporate Response” in fighting against the spread of the COVID-19 pandemic. CIC and ZALL Group were conferred this honour at the 2021 Asia…

On May 12th , Joy Spreader (06988.HK), a Hong Kong-listed company, announced that the Company is incorporated into the MSCI China Small Cap Index, with effect upon the closure of the market on May 27, 2021. It is reported that the MSCI China Small Cap Index is one of the China market indices launched by Morgan Stanley Capital International (MSCI), which aims to measure the performance of the small cap segment in China’s stock market, covering PRC companies with excellent operating results and development potential. It is an important index for global institutional investors to evaluate their investment portfolios. Joy…

TOKYO, May 13, 2021 – (JCN Newswire) – Showa Denko K.K. (SDK; TSE:4004) today announced its 2021 first quarter financial results. – 2021 First Quarter Consolidated Financial Statements and Summary https://www.sdk.co.jp/assets/files/english/ir/library/fss2021-1q.pdf About Showa Denko K.K. Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum…

CITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (HKG:1883) today announced the winning of the Overall 1st Runner-up at the latest “AI Challenge Computer Vision – Identifying Surgical Instrument” (AI Challenge) competition. The award is a recognition of the company’s AI expertise, and reaffirm its long-term commitment to place innovation at the center of its strategy – Innovation Never Stops. “The award is a testament to CITIC Telecom CPC’s team and our passion for exploring ideas and creating unique solutions for enterprises,” said Esmond Li, CEO of CITIC Telecom CPC. Innovation…

On Monday, May 10, 2021, at the request of Messrs. Anthony Durkacz and Zeeshan Saeed, founding shareholders and members of the group of concerned shareholders (the Concerned Shareholders) of FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FSE: 0K9A) (the Company or FSD), the Ontario Superior Court of Justice (Commercial List) (the Court) issued an order appointing Ms. Carol Hansell as independent chair of the Company’s shareholders’ meeting to be held on May 14, 2021 (the Meeting) and dismissed FSD’s application challenging the Concerned Shareholders’ information circular. This defeat is only the most recent in a series of Court orders against…

On 9th May 2021, Duet Protocol announced the closure of US$3 million in the first round of investment. Duet identifies itself as the world’s first multi-chain synthetic asset protocol with a hybrid mechanism of over-collateralization and algorithm stabilization. The first-round investment was led by OmniLAB, DraperDragon, Everest Ventures Group, One Block Capital, Moonwhale Ventures, Dutch Crypto Investors, LD Capital, Zonff Partners, Cabin VC, ArkStream Capital, individual investors include cofounder of BIT Digital Inc (NASDAQ: BTBT) and the partners of A&T Capital. OmniLAB is the investment fund that backed the world’s first stablecoin (on OmniLayer) circulation specification for Lightning Network. DraperDragon…

Revenue Expands to HK$964.5 million Achieves 19.5% Revenue Growth in the PRC Nissin Foods Company Limited (Nissin Foods or the Company, and together with its subsidiaries, Stock code: 1475) today announced its unaudited 2021 first quarter financial information for the three months ended 31 March 2021 (the Reporting Period). The Group’s revenue amounted to HK$964.5 million, representing a year-on-year (YoY) increase of 9.0% from HK$884.6 million. Gross profit increased by 9.1% YoY to HK$309.9 million (2020: HK$284.2 million), while gross profit margin was maintained at 32.1%, due mainly to the increase in sales in the PRC which offsetted the increase…

88% of respondents identified a lack of automation and manual work and errors as the reasons preventing them from having an efficient financial close process Trintech, a leading provider of financial software solutions, today announced the release of its 2021 Global Financial Close Benchmark Report. Trintech surveyed over 480 financial professionals across the globe in Q1 of 2021 to evaluate which parts of the financial close process have been automated, which are in the process of being automated and where finance and accounting (F&A) organizations are looking to adopt automation in the future. 2020 was a defining year for the…

TOKYO, May 10, 2021 – (JCN Newswire) – Showa Denko (SDK; TSE:4004) announces that it revises its forecast of consolidated business results for the first half of the year ending on December 31, 2021, which was announced on February 17, 2021, taking the latest economic conditions into consideration. Following this revision, SDK also revises its full-year forecast of consolidated business results for the year ending on December 31, 2021. Regarding the latter forecast, we revised the full-year forecast to reflect only the changes in the performance forecast for the first half of 2021. SDK also announces that it will record an extraordinary losses in…

On May 10, 2021, Joy Spreader (6988.HK), a MarTech company listed in Hong Kong, released the business update of the first quarter of 2021. According to the announcement, in the first quarter, Joy Spreader achieved revenue of HK$ 248 million, representing an increase of 33.26% over the same period last year, gross profit of HK$77.4 million, representing an increase of 64.16% over the same period last year, and gross profit margin of 31.16%, representing an increase of 5.87 percentages points as compared with the same period last year. In terms of specific business, the revenue of Joy Spreader’s interactive entertainment…

Wintermar Offshore Marine (WINS:JK) has announced results for 1Q2021. Wintermar is back in the black with net profit before tax of US$0.2 million, after three quarters of net losses. Business conditions have improved in 1Q2021 since the worst of the pandemic in 2020. Utilization still remains below the level achieved in 1Q2020, but the trend is positive. Total revenue of US$10.2 million recorded in 1Q2021 is still 21% below the level of US$12.9 million achieved in 1Q2020. Despite this, the Company was able attain a positive contribution at the gross profit, operating profit and also at the comprehensive net profit…

BitWell, a digital asset derivatives trading platform, announced that it will access global payment channels such as Visa, PayPal, and Master Card, providing users in over 65 countries and regions with access to 300 fiat currency payment channels and 20 digital currency payments, to facilitate global users in purchasing digital assets such as Bitcoin more easily and quickly. This will significantly lower the barrier for users to participate in BitWell and purchase digital assets, promoting a more convenient experience for investors to access BitWell’s digital asset services. To achieve these features, BitWell introduces Alchemy Pay. Alchemy Pay (ACH) is the…

Yeahka Limited (HKG: 9923), a leading payment-based technology platform in China, announced that Shenzhen Zhizhanggui Cloud Service Co., Ltd. (Zhizhanggui) and Shenzhen Leshou Cloud Technology Co., Ltd. (Leshou), both indirect wholly-owned subsidiaries of Yeahka, have entered into a non-legally binding memorandum of understanding with Fushi Technology (Shenzhen) Co., Ltd. (Fushi), an associated company of Yeahka which the Company holds approximately 47.58% equity interests in aggregate through its indirect subsidiaries, in relation to the potential disposal of 60% Zhizhanggui’s equity interests by Leshou to Fushi (the Potential Disposal). The Potential Disposal equates to a consideration of approximately RMB201.9 million, based on…

Ngern Tid Lor PCL (SET: TIDLOR) received a warm welcome from investors on the Stock Exchange of Thailand today closing 25% higher at THB 45.75 per share with a trading volume of more than THB 33 billion. TIDLOR became the largest IPO ever in the Thai Finance and Securities Sector, as well as one of the five largest IPOs ever in the history of the Thai equity market, with a total offering size of THB 38,089 million (including an overallotment option) and market capitalization at the IPO price of THB 84,643 million, demonstrating Ngern Tid Lor’s strong fundamentals as the…

ACDX is the world’s first crypto exchange to list leveraged trading for XCH XCH is the native token of Chia Network, the decentralized smart transaction platform founded by BitTorrent’s inventor Bram Cohen ACDX hopes to reaffirm its commitment to the expanding decentralized financial economy ACDX, the crypto derivatives exchange offering advanced structured products for sophisticated traders, is offering its users the world’s first leveraged BBS trading option for Chia Tokens (XCH). It is the world’s first crypto exchange to kick off such a leveraged listing, empowering users to trade XCH Bull Bear Strike Token (XCH BBS) with multiple times leverage.…

The Global Commons Stewardship Index was developed by the University of Tokyo’s Global Commons Center in collaboration with the United Nations Sustainable Development Solutions Network (SDSN) and Yale University. It was introduced in Chapter 10 of the book, “Understanding the Spillovers and Transboundary Impacts of Public Policies: Implementing the 2030 Agenda for More Resilient Societies,” produced by the Organization for Economic Co-operation and Development (OECD) and the European Commission-Joint Research Center (EC-JRC). The outline of the “Global Commons Stewardship Index: GCSi” was presented at the “Tokyo Forum 2020 Online” held in December 2020. This index shows the actual increase and…

Don Muang Tollway PCL (SET:DMT), an experienced transportation infrastructure management company and an operator of the Uttraphimuk Elevated Toll Road or Don Muang Tollway, will begin its trading on the Stock Exchange of Thailand (SET) on May 7, 2021. With expertise in managing a toll road business for over 30 years, the company is looking for new investment opportunities and aiming to become a leader in developing and managing transportation infrastructure projects in Thailand, creating sustainable growth and ensure steady returns for its shareholders in the long term. Mr. Tarnin Phanichewa, Managing Director of Don Muang Tollway, reports that the…

The leading Australian CRO for biotechs and Frost & Sullivan Asia-Pacific CRO Market Leadership Award winner, Avance Clinical, has expanded its gene technology clinical trial services to meet the increasing global demand predicted to reach $17.4 billion by 2023. Avance Clinical is accredited as a gene technology CRO under the Office of the Gene Technology Regulator (OGTR). This accreditation recognizes that Avance Clinical has the CRO resources and internal processes in place to effectively manage pre-clinical and clinical trials for products involving genetically modified organisms (GMOs). In Australia, dealings with GMOs in clinical research require authorization under the Gene Technology…

A global research onboard governance during the Covid-19 crisis indicated that two-thirds of company directors reported an increase of time commitment by 50 percent or more. The Hong Kong Institute of Directors (HKIoD) shares the 2020-2021 Survey Report of the Global Network of Director Institutes (GNDI), which analyses survey responses fielded in the second half-year of 2020 from a diverse pool of nearly 2,000 directors from 17 director institutes worldwide. HKIoD is a member institute of GNDI, an international alliance of leading director institutes representing more than 150,000 corporate board members. Chairman of HKIoD Dr Christopher To noted, “This GNDI…