Lancang May Give Investors a Bitter Tea Taste As It Prepares For an IPO

Lancang’s sales are increasing fast, but its earnings growth is hampered by high costs and falling margins Key Takeaways: Lancang has filed for an IPO in Hong Kong after pulling the plug on a plan to go public on the mainland The company’s revenue increased some 38% last year but its net profit grew less than 5% By Lau Ming It’s no secret that the Chinese love tea. Yet it remains to be seen whether the national affection will translate into a flavorful valuation for teamaker Pu’er Lancang Ancient Tea…

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FAST NEWS: SPAC with Alibaba Former CEO Ties Oversubscribed

The latest: Vision Deal HK Acquisition Corp. (7827.HK), the second listed special purpose acquisition company (SPAC) on the Hong Kong stock market, announced Thursday its offering of 100 million shares was slightly oversubscribed and will be listed on Friday. Looking up: The investors participating in this subscription include 94 professional investors, of which 24 are institutional professional investors, who will hold 75.71% of the shares in the offer, respectively. Take Note: The shares of this company will be offered only to professional and institutional investors, and the admission fee of…

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Full Truck Alliance Looks Poised for Recovery with Wrap of Data Security Review

Media reports say the trucking app operator could soon be allowed to resume signing up new users, ending a nearly yearlong ban during a government data security review Key Takeaways: Media are reporting a nearly yearlong data security review of Full Truck Alliance could be near an end, though the company said a concurrent ban on new user signups has yet to be lifted Company reported its total net revenue grew 53.7% in the first quarter, but predicted the figure would slow to between 39% and 46% growth in the…

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