GMT EIGHT - Announcement

YU TAK INT'E (08048) will be suspended from trading starting on March 7th.

YU TAK INT'L (08048) announced that trading of its shares will be temporarily suspended from 9:00 am on March 7, 2025.

1 h ago

BAIYING HOLDING (08525): The committee held a review hearing on the listing decision on February 11th.

BAIYING HOLDING (08525) announced that the committee held a review hearing on February 11, 2025 regarding the decision of the Listing Department. On March 6, 2025, the company received a letter from the Stock Exchange (decision letter) notifying the company that the committee, after considering all statements submitted by the company and the Listing Department (including written and oral statements), concluded that the company has failed to maintain a sufficient level of operations and assets to support the continued listing of its shares, and decided to uphold the decision to suspend trading of the shares in accordance with Rule 9.04(3) of the GEM Listing Rules. Under Chapter 4 of the GEM Listing Rules, the company has the right to submit the decision of the GEM Listing Committee for review by the Stock Exchange GEM Listing Review Committee. According to Rule 4.08(1) of the GEM Listing Rules, the company may request a review of the decision within seven business days of the GLC decision (by March 17, 2025). Unless the company applies for a review of the GLC decision, trading of the shares will be suspended from 9 am on March 18, 2025 (seven business days after the GLC decision date). Until then, trading of the shares will continue. The company is reviewing the GLC decision and engaging in internal discussions with professional advisors to determine whether to request a review of the GLC decision by the GEM Listing Review Committee.

1 h ago

BEIGENE (06160) issued 1,007,600 shares due to the exercise of stock purchase rights.

BeiGene (06160) announced that a director exercised stock options on March 6, 2025, resulting in the issuance of 1.0076 million ordinary shares.

1 h ago

SANDS CHINA LTD(01928): Robert Goldstein to step down as chairman.

SANDS CHINA LTD (01928) announced that Robert Glen Goldstein has notified the company of his resignation as Chairman and Non-executive Director, as well as Chairman and member of the Nomination Committee, effective from March 1, 2026. From that date onwards, Goldstein will transition from the role of Chairman and CEO of the company's controlling shareholder, Las Vegas Sands Corp. (LVS), to a Senior Advisor role at LVS. Goldstein intends to devote more time and energy to his role as Senior Advisor at LVS, which will be his sole position at LVS, its affiliates, and subsidiaries.

3 h ago

Bank Of Zhengzhou (06196): Zhang Jihong was approved as a director.

Bank of Zhengzhou (06196) announced that it has received approval from the Henan Regulatory Bureau of the China Banking and Insurance Regulatory Commission regarding the director qualifications of Zhang Jihong, Wei Zhigang, Wang Ning, and Xiao Zhixiong. Zhang Jihong and Wei Zhigang have been approved as directors of the bank, while Wang Ning and Xiao Zhixiong have been approved as independent directors of the bank.

3 h ago

AIDIGONG(00286): Cai Weikang has been appointed as an independent non-executive director.

AIDIGONG (00286) announced that, effective from March 6, 2025, Huang Yaojie has resigned as an independent non-executive director, member of the company's remuneration committee, and chairman of the company's audit committee; Cai Weikang has been appointed as an independent non-executive director, member of the remuneration committee, and chairman of the audit committee; and Wang Bin has been appointed as a group independent non-executive director, chairman of the remuneration committee, and a member of the company's nomination committee and audit committee.

3 h ago

UBOX ONLINE (02429) intends to discount approximately 14.97% to issue 51.6355 million new H shares, raising approximately 1.49 billion Hong Kong dollars.

UBOX ONLINE (02429) announced on March 7, 2025, that the company has entered into a placing agreement with the placing agent. The company agrees to appoint the placing agent, and the placing agent agrees to act as the company's agent to use their best efforts to procure not less than 6 placees (who will be institutional professional investors, and their ultimate beneficial owners will be independent third parties) to purchase 51,635,000 new H shares at a placing price of HK$3.01 per share. The total number of new H shares to be placed under the placing arrangement is 51,635,000 shares, representing approximately 6.85% of the total issued H shares after the issuance and placing of the shares, and approximately 6.21% of the total issued shares (assuming full subscription of the placing shares and no change in the total number of issued shares from the date of this announcement to the completion of the placing arrangement). The placing price of HK$3.01 per share represents a discount of approximately 14.97% to the closing price of HK$3.54 per share of H shares on the Stock Exchange of Hong Kong on March 6, 2025 (the trading day immediately preceding the price determination date). If all placing shares are fully subscribed by the placees, it is estimated that the net proceeds from the placing arrangement (after deduction of commissions and estimated expenses) will be approximately HK$149 million. The net proceeds from the placing arrangement will be mainly used for the purchase of fixed assets, working capital, and other general corporate purposes.

3 h ago

KINGKEY FIN INT (01468) May Acquire 100% Equity of Jakota Capital AG

KINGKEY FIN INT (01468) announced on March 6, 2025 that the company has entered into a non-legally binding memorandum of understanding with Nobias Media Srl (potential seller) regarding the possible acquisition of 100% of the issued share capital of Jakota Capital AG (Jakota Capital). The potential acquisition is aimed at expanding the company's international business resources and market penetration, diversifying its investment portfolio, enhancing equity support, and strengthening strategic opportunities in asset management and financial services in other industries. Jakota Capital is an investment and business services company specializing in cross-border transactions and investments in the Japan-Korea-Taiwan region and Hong Kong, China. Headquartered in Zurich, the company also has offices in New York, Tokyo, Hong Kong, and Lisbon. Jakota Capital employs a team of experienced international investment and capital market experts, focusing on small and medium-sized special situation investments and providing comprehensive international consulting services. Jakota Capital's focus is on capturing opportunities in the capital markets of Japan, Korea, Taiwan, and Hong Kong, providing investment research and financial information in various categories as its core competitive advantage. With deep experience in global intellectual property held by the seller and Jakota Capital, Jakota Capital is dedicated to investing in knowledge-based companies that offer high-quality products in media and entertainment, technology, materials, and healthcare. Jakota Capital provides a range of comprehensive services, including investment banking, merger consulting, global business expansion, and investor relations. Additionally, Jakota Capital manages primary investments through special purpose investment companies registered in Luxembourg and works with international institutions to provide American depositary receipt services and structured financial products to listed companies in the Japan-Korea-Taiwan region. Given the company's recent plans to expand its international footprint and advance in green energy, artificial intelligence, and technological innovation, the potential acquisition will allow the group to establish strategic footholds in the rapidly growing Japan-Korea-Taiwan region, expanding its geographic coverage and seeking new growth opportunities. By leveraging Jakota Capital's regional expertise and extensive network, the company will be better equipped to conduct complex cross-border transactions and identify high-potential investment opportunities in these economies. Furthermore, the directors are committed to enhancing the group's investment portfolio and strengthening financial services by developing diverse and sound business models. Through the potential acquisition, the company can access special situation investment opportunities, enriching its investment portfolio and increasing returns. In addition to its investment prowess, Jakota Capital also offers a range of comprehensive consulting services that complement the group's existing financial services, creating additional revenue streams and value-added services. Additionally, the group can leverage Jakota Capital's investor relations platform to enhance its global exposure and attract international investors, solidifying its overall market position. In view of the above, the directors believe that once the potential acquisition is finalized, the group will be able to leverage the geographic network, support systems, and resources of potential business partners to expand its business portfolio and promote sustainable growth, becoming a leader in the financial industry.

06/03/2025

GALA TECH HOLD (02458) signs a collective authorization and licensing agreement with FIFPro-CE.

GALA TECH HOLD (02458) announced that on March 6, 2025, the company's indirect wholly-owned subsidiary, Wangchen Hong Kong, entered into a collective licensing and licensing agreement with FIFPro-CE. Under this agreement, Wangchen Hong Kong agreed to pay FIFPro-CE (including) (i) prepayments of 4.5 million euros and 3 million euros during the initial period and/or extension period (as appropriate), or (ii) 10% of the total product revenue as licensing fees (if applicable) to utilize the commercial rights of products and optional new products held by FIFPro-CE for development, distribution, and/or sale of various products within the authorized territory. In return, FIFPro-CE granted Wangchen Hong Kong non-exclusive and sublicensable rights on a global scale, including the use of player names and images in products, development and distribution of related products, as well as marketing and promotion. The license period covers an initial three years and a possible two-year extension period, involving digital games such as "Football Master," "Best 11 - Champions Club," "Best Club," and potential upcoming games. Given the widespread popularity and fan base of the FIFPro-CE brand globally, the board believes that with the mass appeal of the license, digital games have the potential to gain more recognition and popularity in the competitive Chinese digital game market, obtaining a competitive advantage. The board also considers the terms of the agreement to be reasonable, and entering into the agreement is an effective way to maintain a long-term cooperation relationship with FIFPro-CE to obtain licenses, ensuring the sustainability and development of the group's business.

06/03/2025

CK Life Sciences (00775) issued a profit warning, expecting a net loss attributable to shareholders of approximately 1.266 billion yuan for the year, compared to a profit in the same period last year.

CK LIFE SCIENCES (00775) announced that the group is expected to incur a loss attributable to shareholders of 126.6 million yuan for the year ending December 31, 2024 (reporting year), compared to a profit attributable to shareholders of 17.3 million yuan for the year ending December 31, 2023. The change from profit to loss is attributed to the company's decision to increase research and development investment, as well as a decrease in the fair value of the vineyard portfolio. Overall, the group's operations remained stable during the reporting year and up to the date of this announcement.

06/03/2025

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