Following market instability, the Hang Seng China Enterprises Index (HSCEI) plummeted 2.4%, a stone’s throw away from its lowest level in 20 years. The CSI 300 index also fell 1.6% at market opening. Across the water, however, Wall Street’s S&P 500 index hit a 2-year record high to close last week’s market. Don’t miss out…
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Tang (55 y/o), who passed away on Friday 15 December from an undisclosed illness, was previously the company’s dominant class A shareholder and in charge of the company’s voting structure. SenseTime will now need to regroup and navigate this sudden challenge while mourning the loss of their voting leadership. Don’t miss out on the latest news,…
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Despite 70% of shareholders voting in favour of the $124m buyout, the votes against surpassed the 10% limit stipulated by Hong Kong Law to defeat a privatisation deal. Currently, the IMAX Corporation, which is parent to IMAX China, owns 71.6% of its subsidiary. It needed 75% of the votes to get the deal through. In…
Read moreThe Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has announced the appointment of members to the Listing Committee of the Main Board and Growth Enterprise Market (GEM) (together, the Listing Committee). The Listing Rules of the Main Board and GEM provide for all…
Read moreFX volumes at KVB Kunlun continue to produce lackluster results, however the company gained some ground in the second quarter of this year.
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