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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JS Global Serves Up Big Profits on Pandemic-Fueled Home Cooking

Kitchen appliance maker’s shares jump 20% after it reports six-fold profit growth in second half of 2020 Key Takeaways: Kitchen appliance specialist JS Global profited handsomely from the cook-at-home trend during the global pandemic The company’s stock looks overvalued at its current price, including a single-day 20% increase after its latest earnings announcement By Doug Young An old saying goes that “one man’s misfortune is another man’s gain,” and that’s definitely the major theme in the latest financial report of JS Global Lifestyle Co. Ltd. (HKEx: 1691). The kitchen appliance…

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