Home 

Tech IPO adviser China Renaissance sees share price drop as full-year profit misses estimates

Shares of China Renaissance fell after full-year net profit came in below analysts’ estimates despite a healthy jump in revenues.The investment bank, which focuses on providing financial services to new-economy companies and entrepreneurs, lost 4.5 per cent to HK$22.20 by midday on Wednesday. That marks a 30.82 per cent fall from its listing price last September.The company’s 2018 net profit was up 15.8 per cent from a year earlier to US$67.3 million, below estimates of US$68.02 million among… Source link

Read More
Home 

Huawei targets 50 per cent smartphone market share in China on way to wresting global crown from Samsung

An employee shows a Mate X foldable 5G mobile device at the Huawei Technologies Co. pavilion on the opening day of the MWC Barcelona in Barcelona, Spain, on Monday, Feb. 25, 2019. At the wireless industry’s biggest conference, over 100,000 people are set to see the latest innovations in smartphones, artificial intelligence devices and autonomous drones exhibited by more than 2,400 companies. Photographer: Stefan Wermuth/Bloomberg Source link

Read More
Singapore 

Court rules ‘kept man’ need not share assets with ex-wife, Singapore News

A “kept man” who drove a $1.3 million Ferrari and jointly owned seven private properties worth $14 million with his girlfriend will not have to share these assets with his former wife, a family court judge has ruled. District Judge Toh Wee San held that the man’s share in the properties could not be included as part of the pool of matrimonial assets. The judge said in decision grounds last week: “The bottom-line was despite (the husband’s) conduct, the (former wife) did not dispute (the girlfriend’s) substantial and overwhelming payments…

Read More
Vietnam 

RoK cosmetics firm plans to raise market share in VN – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A crowd of people wait outside Innisfree on opening day late last year. – Photo Kenh14.vn Viet Nam News SEOUL — AmorePacific, a major cosmetics conglomerate from the Republic of Korea (RoK), is planning to open retail shops and boost online sales to promote the consumption of its products in Hà Nội and HCM City. A representative of AmorePacific revealed the plan while talking to the Vietnam News Agency about its moves to gain a bigger market share in Việt Nam. Explaining the reason for the plan,…

Read More
Singapore 

Audi couple share car cam video of collision with teen cyclist and their side of the story, Singapore News

A couple who were involved in a heated dispute with a 15-year-old cyclist in Pasir Ris have shared their side of what happened. In an earlier video, taken and shared by the cyclist, the couple are seen repeatedly grabbing at the boy’s phone and demanding for his identity card. In the original video post, the cyclist said he had hit the Audi with his hand after the driver had allegedly jammed on the brakes. SG Road Vigilante posted a video shared by the Audi couple, showing what happened before the…

Read More
Home 

China’s insiders are busy selling stocks on the back of the buying frenzy brought by MSCI’s increase of A share weightings

Foreigners are finally warming to China.It’s no surprise: In just two months, the country’s stock market has done a 180. Investors from abroad were net buyers of more than 120 billion yuan (US$18 billion) of shares this year through Hong Kong’s Stock Connect. In hindsight, MSCI’s decision to include mainland stocks in its benchmark indexes last May seems like a wise one.Late Thursday in New York, MSCI said it will increase the weighting of A shares in its China indexes and related benchmarks by… Source link

Read More
Singapore 

2 lucky punters in Yishun share $13.6m Toto Hongbao prize money, Singapore News

Two lucky punters in Yishun have won about $13.6 million in the Toto Hongbao draw on Friday (Feb 22). Both bought QuickPick ordinary entry tickets. One bought from the outlet at Northpoint City’s Cold Storage in Yishun Avenue 2, while the other got it from Sheng Siong at Junction 9 in Yishun Avenue 9. The winning numbers – 05, 08, 14, 16, 34, 39 and additional number is 23 – were drawn at 9.30pm on Friday evening. The $13.6 million draw was one of the largest Toto pools in recent…

Read More
Home 

Sony plans 100 billion Yen share buy-back, hot on the heels of Softbank repurchase plan

Sony Corp. is buying back as much as 100 billion yen (US$910 million) of its own stock, the electronics maker’s first-ever large scale repurchase. The shares rose in early trading in Tokyo on Friday after the company announced the buy-back, which starts Tuesday and will last through March 22. The repurchase makes up 2.4 per cent of the stock, and comes days after Japanese telecoms and technology giant SoftBank Group Corp. announced a 600 billion yen buy-back, it’s biggest-ever. Sony has been seeking to strengthen its financial footing under Chief…

Read More
Home 

Nephew of ‘King of Gambling’ Stanley Ho calls for STDM’s new controlling shareholders to settle HK$2 billion in unpaid share dividends

The nephew of “King of Gambling” Stanley Ho has written to the new alliance controlling his uncle’s casino empire demanding HK$2 billion (US$255 million) in unpaid dividends. Michael Hotung, also known as Mak Shun-ming, sent the letter via his lawyer on Monday. In the letter seen by the Post, he urged the new controlling shareholders of STDM, which refers to Shun Tak Holdings managing director Pansy Ho Chiu-king and the Henry Fok Foundation, to pay what he estimated to be worth HK$2 billion in unpaid dividends from the 6,263 STDM…

Read More