FAST NEWS: SMIC forecasts continued gross margin decline
The Latest: Semiconductor Manufacturing International Corp. (SMIC)(0981.HK; 688981.SH) on Thursday reported a 68.9% year-on-year drop in its third-quarter profit to $71.79 million, as its gross margin plunged by 7.1 percentage points to 13.7%.…
FAST NEWS: CIMC Vehicles to delist from Hong Kong on June 3
The Latest: Container truck manufacturer CIMC Vehicles (Group) Co. Ltd. (1839.HK; 301039.SZ) announced Thursday that its proposal to buy back all its Hong Kong-listed shares for HK$7.50 apiece has been accepted by…
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…
FAST NEWS: Shandong Gold mines higher gold prices for big profits
The Latest: Shandong Gold Mining Co. Ltd. (1787.HK) said on Thursday it expects to report a net profit of 650 million yuan ($89.8 million) to 750 million yuan for the first quarter…
FAST NEWS: Rosefinch fund cuts JL Mag stake for eighth time this year
The Latest: Institutional investor Rosefinch Fund Management disclosed it sold about 850,000 Hong Kong-listed shares of rare earth materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) on April 8 at an average…
FAST NEWS: China Wood posts large profit as trading resumes
The Latest: China Wood International Holding Co. Ltd. (1822.HK) announced on Thursday that it earned a profit of HK$1.2 billion ($153 million) last year, while its revenue rose 122% to HK$323 million. Looking…
FAST NEWS: GCL Technology signs major polysilicon supply deal
The latest: GCL Technology Holdings Ltd. (3800.HK) announced Thursday that it signed an agreement to sell 125,000 tons, 150,000 tons and 150,000 tons of polysilicon to solar panel maker Longi…