InnoCare Pharma Goes Back to Funding Trough With STAR Market Listing

The Hong Kong-traded company will become the latest from the cash-challenged pharma sector to make a second listing on the A-share market Key Takeaways: InnoCare Pharma’s A-share IPO will make it the fourth innovative pharma company with shares traded in Hong Kong and on the mainland’s STAR Market   The company is flush with cash and continues to raise money at every opportunity to finance its R&D By Molly Wen China’s Nasdaq-style STAR Market has become fertile ground for fundraising by innovative yet profit-challenged pharmaceutical companies since its launch in…

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FAST NEWS: 361 Degrees’ Core Brand Records Strong First-Quarter Growth

The latest: Sportswear retailer 361 Degrees International Ltd. (1361.HK) announced that retail sales for its core brand grew by a “high-teens” percentage in this year’s first quarter year-on-year, according to a business update released on Tuesday. Looking up: The company recorded 20% to 25% growth in retail sales of its kids branded products in the latest quarter, accelerating from the 18.7% growth for all of the previous year, reflecting growing success for the group’s strategy of focusing on the children’s apparel market. Take Note: The company’s first-quarter e-commerce growth of about…

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Titanium Miner LB Group Seeks to Shine in Hong Kong IPO Raising up to $1.5 Billion

Producer of the white metal powder used to brighten everything from paints to food saw its profit double last year on nearly 50% revenue growth Key Takeaways: LB Group has filed for a Hong Kong IPO to raise up to $1.5 billion, aiming to consolidate its place as Asia’s leading producer of titanium dioxide pigments Listing would complement company’s existing Shenzhen A-shares, which look sharply undervalued compared with industry peers By Andrew Curran Asia’s top producer of titanium oxide, a powder used to whiten everything from paints to inks and…

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