FAST NEWS: BlackRock boosts stake in battered WuXi AppTec
The latest: Asset management company BlackRock Inc. purchased 618,000 Hong Kong-listed shares of WuXi AppTec Co. Ltd. (2359.HK; 603259.SH) on March 26, raising its stake in the drug outsourcing services company from…
Noah Holdings Lowers Profit Forecast Amid Market Turmoil, Pandemic Lockdowns
The wealth management company has cut its profit projection for the whole year by up to 35.5%Key Takeaways:Noah Holdings revised down its non-GAAP annual net profit forecast from a maximum…
Wealth Manager Noah Banks on Hong Kong to Revive Fortunes
The Chinese financial firm serving high-net-worth investors will soon list on the Hong Kong Stock Exchange to fund its business expansion. (more…)
FAST NEWS: Citi Discloses 5% Stake in Jiumaojiu, But Shares Still Fall
The latest: Citigroup disclosed it has taken a 5% stake in Chinese restaurant chain operator Jiumaojiu International Holdings Ltd. (9922.HK), according to a Hong Kong Stock Exchange filing. Citi had…
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