FAST NEWS: InnoCare Pharma Losses Double on Higher Costs And Exchange Deficit

The latest: InnoCare Pharma Ltd. (9969.HK) issued a profit warning Friday, estimating a net loss of no more than 495 million yuan ($73 million) for the first half of this year, versus a net loss of 209.4 million yuan in the same period last year. Looking up: Benefiting from the increased sales of its core drug, Orelabrutinib, the company expects its revenue for the first half of the year to be no less than 236 million yuan, an increase of no less than 132.2% from 101.7 million yuan in the same…

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Country Style Cooking Chain Joins Chinese Fast Food Listing Rush

Spicy Sichuan food server is one of three restaurant chains looking to become the first Chinese fast food stock with a Hong Kong IPO bid Key Takeaways: Chinese fast food chain Country Style Cooking Restaurant, which expanded rapidly in recent years, has filed to list on the Hong Kong Stock Exchange for a second time The company’s earnings have been shaken by the Covid pandemic and the Shanghai lockdown pushed it into the red for first the five months of this year By Ken Lo A restaurant chain selling the…

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Well-baked? Commercial Kitchen Appliance Maker Li Bang Eyes Nasdaq IPO

Chinese manufacturer applies to raise $25 million through a risky Nasdaq listing as China-U.S. tensions remain high Key Takeaways •      Jiangsu-based Li Bang International has filed for a Nasdaq IPO to raise $25 million through the issue of 5 million shares •      The move by the low-profile maker of heavy-duty commercial kitchen appliances would help shore up its position and add weight to its balance sheet. By Andrew Curran The latest U.S. IPO plan from a Chinese company is decidedly low-tech, seeking to raise modest funds as it also tries…

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