FAST NEWS: New Higher Education’s profit rises on business expansion
The Latest: Private vocational educator China New Higher Education Group Co. Ltd. (2001.HK) said its profit rose 10.6% to 432 million yuan ($59.6 million) during the first half of its fiscal year through February,…
FAST NEWS: Chabaidao’s weak debut bodes poorly for stream of new bubble tea stocks
The Latest: Shares of Sichuan Baicha Baidao Industrial Co. Ltd. (2555.HK, Chabaidao) fell 26.9% from their IPO price of HK$17.50 to close at HK$12.80 in their Tuesday trading debut in…
FAST NEWS: Cango announces new $50 million share repurchase plan
The Latest: Car trading platform operator Cango Inc. (CANG.US) on Tuesday announced a new program to purchase up to $50 million worth of its American depositary shares (ADS) on the…
FAST NEWS: Li Ning’s e-commerce sales jump in first quarter
The Latest: Sportwear retailer Li Ning Co. Ltd. (2331.HK) announced Monday its retail sales, excluding the Li Ning Young sub-line, recorded low-single-digit year-on-year growth in the first quarter. Looking Up: The company’s e-commerce…
FAST NEWS: Merger drives Luk Fook’s fourth-quarter sales growth
The Latest: Luk Fook Holding (International) Ltd. (1361.HK) said on Thursday its retail revenue in the fourth quarter of its fiscal year through March rose 12% year-on-year, exceeding the figure for the same…
FAST NEWS: Lingbao Gold basks in glittery spotlight with new share sale
The Latest: Lingbao Gold Group Co. Ltd. (3330.HK) sold nearly 26.92 million new shares on Wednesday for HK$3.02 a piece, a 16% discount to the previous day’s close, raising HK$79.3 million ($10.1…
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