Author: Marie Jones

Strives to Acquire Potential New Energy Enterprise to Consolidate the Group’s Strengths HONG KONG — Northern New Energy Holdings Limited (“Northern New Energy” / the “Group;” stock code: 8246) has today announced its first quarter results for the three months ended 31 March 2017. Building on the strong momentum gathered in 2016, the Group continued to take New Energy Business as its development focus in the first quarter of 2017 and made satisfactory progress. New Energy Business recorded a notable increase in revenue, rose by 25% comparing to the corresponding period of last year and becomes its major source of profit…

By Finet News Service, all rights reserved. HONG KONG — After its 17.46% and 14.87% rise on 4 May and 5 May 2017 respectively, Fullshare (00607-HK) started trade on 8 May 2017 with a further increase of 2% to HK$3.46. Since its resumption on 4 May, the stock price of the company skyrocketed 37.3% within just three trading days. As a result, after borrowing 950 million shares at a selling cost of HK$3, short-sellers have already lost HK$437 million based on today’s opening price of HK$3.46, even without taking the interest rate into account. Fullshare decided to buy-back its shares in…

By Finet News Service, all rights reserved. HONG KONG — Short-sellers have been terrorising the Hong Kong capital markets for years with private enterprises facing short-selling attacks that caused their stock prices to plummet. Among them, Tech Pro (03823-HK) experienced a horrific 90% drop in its stock price after the release of a short selling report; and Fullshare (00607-HK) had to apply for a suspension after an attack from Glaucus which caused its price to drop 12%. As their name implies, short-sellers are in the business of digging up dirt on listed companies, and then profiting from their price drop caused…

International Energy Group achieves net profit of US$1.8 million for first nine months of FY2017, reversing loss of US$0.2 million a year earlier SINGAPORE —  New Silkroutes Group Limited (“NSG” or the “Group”) has raised its revenue forecast for oil trading by 29% to US$400 million for its current financial year ending 30 June 2017 (“FY2017”), following another quarter of strong performance by its wholly-owned International Energy Group Pte Ltd (“IEG”). Summary of Results: http://bit.ly/2qlDZRL The last time NSG had annual revenue of at least US$400 million was 14 years ago in FY2003, when it was distributing consumer IT products across…

China Animation’s “World-leading Theme Park” Presents New Experience, New Entertainment and New Culture and Creativity Zhenzhen — China Animation Characters Company Limited (“China Animation” or “the Group;” stock code: 1566.HK), a leading multimedia animation enterprise, announced that the Sub-venue of the 13th China (Shenzhen) International Cultural Industries Fair (“ICIF”) at the Longgong China Animation Creative Industry Park (“China Animation Industry Park”) is open from 3 p.m. today to 15 May. The Sub-venue event is presented as a “World-leading Theme Park that presents New Experience, New Entertainment and New Culture and Creativity”. The theme park has three major feature areas, namely CA…

TOKYO — Tokyo Electric Power Company Holdings, Inc. announced today that it has joined forces with Centrica plc, Elia, Engie, Royal Dutch Shell plc, Sempra Energy, SP Group, Statoil ASA, Stedin, and TWL (Technical Works Ludwigshafen AG) to support the Energy Web Foundation (EWF), a non-profit organization whose mission is to accelerate the commercial deployment of blockchain technology in the energy sector. This support provides EWF with a first round of funding amounting to $2.5 million. EWF is a partnership between the Rocky Mountain Institute, an independent, U.S.-based nonprofit organization focused on driving the efficient and restorative use of resources, and…

HONG KONG — On 2 May 2017, Fullshare (607.HK) issued an announcement regarding a research report published by Glaucus Research Group, and plans for the resumption in trading. Fullshare pointed out that the short selling research organisation made ‘misleading and groundless’ allegations in an attempt to profit from the drop in their share price, and provided evidence to debunk the allegations. At the same time, it announced a share repurchase plan of its own with a budget of RMB 4 billion. When trading resumed on 4 May, the price of Fullshare jumped 15%. Glaucus decided to issue a second report on…

HONG KONG — Making money is always the market’s game, and the capital markets are a wonderland for investors. Capital markets are different from other markets, as asset partitioning creates numerous smaller assets, each having an asset value that is susceptible to information and control; this is the reason why financial organisations will always take advantage from this quality to make huge profits in the capital markets. Strictly speaking, short-selling research organisations are adding an ‘aphrodisiac’ to market intelligence that confuses small and medium-size investors. Notable short-selling research firms in the market include Muddy Waters Research, Glaucus Research, Citron Research, and…

Diversified utilities structure integrating clean energy businesses achieves stable and sustainable growth HONG KONG — Following the introduction of major environmental policies by the government, many clean energy companies in China have strived to attain a favorable market position and the momentum that can truly achieve the effective development of “sustainable energy”. Among these clean energy suppliers, Beijing Enterprises Holdings Limited (“BEHL”; 392.HK) has implemented an outstanding business model, with its subsidiaries engaged in three major operations of public utilities: gas, water and solid waste treatment. BEHL’s sophisticated management and industry-leading business scale and network in China and overseas enables it…

SINGAPORE — The Qatar Financial Centre (QFC), one of the world’s leading and fastest growing onshore business and financial centres, successfully concluded its Singapore roadshow last week on 3 May 2017. Business leaders attended the event at the Marina Mandarin to learn how they can capitalise on the emergent business opportunities in Qatar and the Gulf region. The event is a response to burgeoning interest in the Middle East among companies in Singapore. Qatar is investing heavily in infrastructure, transport, and tourism, with bilateral trade between both countries at S$45.1b in 2015. Highlights included presentations from senior QFC representatives as well…

New Delhi / Tokyo — National Payments Corporation of India (NPCI) and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co. Ltd, operationalised acceptance of JCB payment cards at ATMs and POS terminals in India. Through this strategic partnership, JCB cards acceptance coverage in India will reach to about 100 per cent for both ATMs and POS terminals in the coming few years. This development has enabled JCB to serve increasing number of tourists and business professionals with payment options at ATM and POS in India especially from Asia where JCB has large number of card members. The…

Demonstrating the company’s dedication to providing cloud services with high security standard to satisfy its customers’ needs HONG KONG — CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK:1883), has been receiving local and international attention over the recent years due to its remarkable achievements in the industry. Today, the Company is honored to announce its compliance to the international cloud security standard by becoming the first Infrastructure-as-a-Service (IaaS) provider to obtain the “ISO 27017 Code of Practice for Information Security Controls for Cloud Services” certification in Hong Kong, testifying the company’s…

HONG KONG — The Qatar Financial Centre (QFC), one of the world’s leading and fastest growing onshore business and financial centre successfully concluded its Hong Kong roadshow today. Business leaders attended the event at the Harbour Grand to learn how they can capitalise on the emergent business opportunities in Qatar and the Gulf region. The event came as part of QFC’s efforts to address the burgeoning trend of Hong Kong and Mainland Chinese companies growing their businesses in the Middle East. Qatar and Hong Kong are both situated in the One Belt, One Road region, which has helped strengthen ties, and…

Public Offer of 125,000,000 Shares; Offer Price Ranges from HK$0.90 to HK$1.20 per Share HONG KONG — Okura Holdings Limited (“Okura” or the “Group”), a pachinko hall operator in Japan, has commenced the Hong Kong Public Offer on 28 April 2017. Offering Details Okura intends to offer a total of 125,000,000 Shares, of which 90% of the Offer Shares, or 112,500,000 Shares, are for Placing Shares (subject to re-allocation); and the remaining 10% of the Offer Shares, or 12,500,000 Shares, are for the Hong Kong Public Offer (subject to re-allocation). After deducting underwriting fees and other estimated expenses in relation to…

Strong global industry support and expanded size attest to the show’s continued importance in the Asia-Pacific maritime security and defence landscape SINGAPORE — The 11th edition of the International Maritime Defence Exhibition and Conference (IMDEX Asia), Asia-Pacific’s premier international maritime defence show, will be held from 16 to 18 May 2017 in Singapore at the Changi Exhibition Centre. IMDEX Asia 2017 looks set to be the biggest ever, and the stellar line-up of events and activities underscores the phenomenal participation and support for this year’s show. Strong global support and increasing exhibitor participation Asia-Pacific is expected to drive global demand for…

President & CEO Garuda Indonesia and Angkasa Pura II share vision of making Soekarno-Hatta Airport the best smart-connected airport in the region CENGKARENG, INDONESIA — President & CEO Garuda Indonesia Pahala N Mansury and President & CEO of Angkasa Pura II Muhammad Awaluddin inaugurated Garuda Indonesia international flight operations service at Terminal 3 of Soekarno-Hatta Airport, Tangerang on Monday (1/5) by releasing flight GA 820 route Jakarta – Kuala Lumpur and welcoming the arrival of flight GA 823 route Singapore – Jakarta. Flight GA 820 from Jakarta to Kuala Lumpur destination, departed at 08.35 Local Time, while the arrival of flight…

JAKARTA — Wintermar Offshore Marine (IDX:WINS) has reported 1Q2017 financial results. Revenue from WINS fleet falls 39% YOY, reflecting the lagged effect of depressed oil prices in 2016. Overall Revenue including Chartering Division fell by 44% YOY to US$ 13.1 million compared to US$ 23.3million in 1Q2016. This was caused by the lagged effect of the near standstill in tendering activity experienced in the second half of 2016, which resulted in lower charter rates at the same time as the utilization rate dipped below 50%. Although sentiment in the oil industry seems to have bottomed and tendering activity has picked up…

Planning to Construct 3 New High Schools to Increase the Market Share HONG KONG — China YuHua Education Corporation Limited (6169.HK)announced the unaudited consolidated the interim results for the six months ended 28 February 2017 (the “Reporting Period” ) today. During the Reporting Period, adjusted net profit of the company was RMB195.2 million, representing an increase of 30.1% for the corresponding period of 2016. Due to the result of an increase in student enrolment and tuition fees, adjusted operating profit was RMB201.0 million for the six months ended 28 February 2017, representing an increase of 22.5% as compared with RMB164.1 million…

Survey: Over 90% Expect Overall Sales to Grow or Remain Steady; Chinese Mainland Seen as Having Most Growth Potential HONG KONG — The 32nd Hong Kong Gifts & Premium Fair, organised by the Hong Kong Trade Development Council (HKTDC), concluded yesterday at the Hong Kong Convention and Exhibition Centre. The concurrent 12th Hong Kong International Printing & Packaging Fair, jointly organised by the HKTDC and CIEC Exhibition Company (HK) Ltd, also came to a successful close at the AsiaWorld-Expo. The twin fairs together attracted 62,000 buyers from 138 countries and regions. Nearly 47,000 buyers attended the Gifts & Premium Fair, while…

Concurrent Printing & Packaging Fair Starts at AsiaWorld Expo HONG KONG — The 32nd Hong Kong Gifts & Premium Fair opened today at the Hong Kong Convention and Exhibition Centre (HKCEC). The four-day fair (27-30 April), organised by the Hong Kong Trade Development Council (HKTDC), is the world’s largest fair of its kind. This year’s fair features more than 4,300 local and overseas exhibitors from 31 countries and regions, showcasing a broad variety of giftware products. The 12th Hong Kong International Printing & Packaging Fair, held in parallel with the Gifts & Premium Fair, also started today at the AsiaWorld-Expo. Jointly…