FAST NEWS: 51job Shares Plunge on Privatization Doubts

The latest: Online recruitment site operator 51job Inc. (JOBS.US) said a group bidding to privatize the company is “in consultation with Chinese regulators on recent regulatory changes in China that may be applicable to the company and the proposed transaction.” It did not comment further on the nature of the regulatory changes, and added a timeline for completion of the consultations “cannot be provided at this time.” Looking Up: 51job first received the privatization offer a year ago, and had previously said the deal was expected to close by the…

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Nayuki Goes Upmarket in Search of Better Margins, Cooler Competition

Premium tea specialist says it will record an adjusted net loss for 2021, blaming Covid-related disruptions Key Takeaways: Nayuki said it expects to post an adjusted net loss for 2021 due to Covid-19 disruptions, reversing a profitable first half of the year Company is focusing on higher-end stores in bid to improve margins and lower dependence on highly competitive lower end of the market By James Dyson Bubble tea or tea bubble? The answer for Nayuki Holdings Ltd. (2150.HK), the Shenzhen-based new style tea retailer, is both. But it’s not…

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