PRC | Jotup

ENTREPRENEUR UNIVERSE BRIGHT GROUP Announces 2023 Q3 Financial Results

Retrieved on:

Tuesday, November 14, 2023

Cost of revenue for the three months ended September 30, 2023 was $114,040, which represented a slight decrease of $25,969 or 18.5% compared to the same period in the prior year.

Key Points:

Cost of revenue for the three months ended September 30, 2023 was $114,040, which represented a slight decrease of $25,969 or 18.5% compared to the same period in the prior year.
Profit margin for the three months ended September 30, 2023 was 93.4%, which represents an increase of 10.8% compared to the same period in the prior year.
Net income (loss): We generated a net income of $741,170 and net loss of $31,999 for the three months ended September 30, 2023 and 2022, respectively.
Unaudited Condensed Consolidated Statement of Operations for the Nine months ended September 30, 2023 and 2022
Nine months ended September 30,

FLJ Group Limited Announces Disposal of Long-term Apartment Rental Business

Retrieved on:

Tuesday, October 31, 2023

Acquisition, Food, WFOE, Habit, Cyprus Securities and Exchange Commission, Artificial intelligence, Growth, COVID-19, Risk, Marketing, Restaurant, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Travel, Disposal, PRC

Through the WFOE and the WFOE’s subsidiaries, the Company carried out its long-term apartment rental business (the “Disposed Business”).

Key Points:

Through the WFOE and the WFOE’s subsidiaries, the Company carried out its long-term apartment rental business (the “Disposed Business”).
The Disposed Business contributed substantially all revenue and held substantially all of the assets of the Company prior to the Disposal.
We believe the Disposal will help us focus our resources on China’s large and fast-growing online lifestyle services sector.
Leveraging our experience from long-term apartment rental business, we are able to identify consumers’ consumption habits and patterns and quickly respond to their needs.

Gravitas Education Updates Record Date of Special Cash Dividend

Retrieved on:

Friday, November 3, 2023

Online, HKEX, NYSE, Tripura Merger Agreement, Cayman Islands, NetDragon Websoft, Date, ADS, The Company, Holding company, Security (finance), PRC, Mergers and acquisitions

The Company expects the date of the Closing to be on or after November 15, 2023, subject to the satisfaction of certain closing conditions and regulatory approval related to the Merger (as defined below).

Key Points:

The Company expects the date of the Closing to be on or after November 15, 2023, subject to the satisfaction of certain closing conditions and regulatory approval related to the Merger (as defined below).
The special cash dividend to be paid ranges from US$5.628 to US$6.085 per ADS, or from US$0.5628 to US$0.6085 per ordinary share.
The aggregate amount of cash dividends to be paid ranges from US$16 million to US$17.3 million.
The Company subsequently announced on September 21, 2023 that its board of directors approved the special cash dividend conditional upon the closing of the Merger (the "Closing") and that the special cash dividend will be paid by the Company on or before the 21st day after the date of the Closing to shareholders of record at the close of business in the Cayman Islands and holders of ADSs at the close of business in New York on the date immediately prior to the date of Closing (the "Record Date").

DECISIONPOINT HIRES MICHAEL KELLEY AS ITS EXECUTIVE VICE PRESIDENT

Retrieved on:

Tuesday, October 31, 2023

Northrop Grumman, President's Award for Distinguished Federal Civilian Service, SDVOSB, Government, TASC, Multimedia, SAIC, Service-Disabled Veteran-Owned Small Business, Growth, Kelley, TASC, Inc., Defense, Management, PRC

GAITHERSBURG, Md., Oct. 31, 2023 /PRNewswire/ -- DecisionPoint Corporation has hired Michael Kelley as its Executive Vice President to drive corporate expansion.

Key Points:

GAITHERSBURG, Md., Oct. 31, 2023 /PRNewswire/ -- DecisionPoint Corporation has hired Michael Kelley as its Executive Vice President to drive corporate expansion.
Kelley previously served as the CEO of CENTECH and was a Vice President at SAIC.
His distinguished career spans over forty years supporting several successful corporations such as PRC, Logicon, Northrop Grumman Corporation, and TASC, Inc..
Kelley shared, "I'm thrilled to join DecisionPoint at this exciting juncture in its journey.

TCL Electronics (01070.HK) Announces 6.6% YoY Increase in Global Smart Screen Shipment in the First Three Quarters of 2023, as Mid-to-High-End Large-Screen Strategy Drives Sustained Growth in Shipment of Large-Sized Displays

Retrieved on:

Tuesday, October 24, 2023

Internet of things, Yoy, Electronics, TCL, Czech Republic, QLED, Research, TCL Electronics, Growth, Ecosystem, Television, Technology/Transformation: Wonder Woman, LED-backlit LCD, Mobile phone, PRC

In the first three quarters of 2023, global shipment of 65-inch and above TCL smart screens increased by 46.8% YoY, accounting for 23.5% of total shipment during the period with an increase of 6.4 percentage points YoY.

Key Points:

In the first three quarters of 2023, global shipment of 65-inch and above TCL smart screens increased by 46.8% YoY, accounting for 23.5% of total shipment during the period with an increase of 6.4 percentage points YoY.
The average size of TCL smart screens sold in the market increased from 47.4 inches to 50.5 inches.
In the first three quarters of 2023, shipment of TCL smart screens in the international markets recorded YoY growth of 8.2%.
Shipment of 75-inch and above TCL smart screens accounted for 30.2% of total shipment in the PRC market, an increase of 12.1 percentage points YoY.

Asia-Pacific Metal Stamping Market Insights Report 2023-2028 Featuring Key Vendors - Magna International, Gestamp, CIE Automotive, AAPICO Hitech Public Co, & Interplex - ResearchAndMarkets.com

Retrieved on:

Monday, October 23, 2023

Machine Tools, Metalworking & Metallurgy, Manufacturing, Metal, Element, Car, FY, Republic, Growth, Electronics, ICT, Video game, PRC

The "Asia-Pacific Metal Stamping Market - Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "Asia-Pacific Metal Stamping Market - Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The APAC metal stamping market is projected to be valued at $110.86 billion by 2028 from around $83.57 billion in 2022, growing at a CAGR of 4.8%
This report provides complete information regarding adopting metal stamping in the APAC region.
Further, the demand for metal components across several end-user industries drives the APAC region's metal stamping market.
Furthermore, major players focus on strategic agreements, acquisitions, and collaboration with emerging players to enter the APAC metal stamping market to gain access to commercially launched products.

JinkoSolar's Subsidiary Jinko Solar Co., Ltd. Announces Estimates of Certain Preliminary Unaudited Financial Results for the Nine Months ended September 30, 2023

Retrieved on:

Wednesday, October 18, 2023

Consolidated, NYSE, JKS, GAAP, JinkoSolar, Bank statement, Consolidated financial statement, The Company, Airline, PRC

SHANGRAO, China, Oct. 18, 2023 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that its majority-owned principal operating subsidiary Jinko Solar Co., Ltd. ("Jiangxi Jinko") published estimates of certain preliminary unaudited financial results for the nine months ended September 30, 2023.

Key Points:

SHANGRAO, China, Oct. 18, 2023 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that its majority-owned principal operating subsidiary Jinko Solar Co., Ltd. ("Jiangxi Jinko") published estimates of certain preliminary unaudited financial results for the nine months ended September 30, 2023.
The preliminary unaudited financial results of Jiangxi Jinko for the nine months ended September 30, 2023 described in this press release (the "Jiangxi Jinko Preliminary Unaudited Financial Results") are different from JinkoSolar's consolidated financial results (the "Consolidated Financials"), mainly because (i) the consolidation scope of the Jiangxi Jinko Preliminary Unaudited Financial Results differs from that of the Consolidated Financials: the Jiangxi Jinko Preliminary Unaudited Financial Results are prepared solely for Jiangxi Jinko, whereas the Consolidated Financials also include financial statements of JinkoSolar and its other subsidiaries, and (ii) the Jiangxi Jinko Preliminary Unaudited Financial Results and the Consolidated Financials are prepared according to different accounting standards and principles: the Jiangxi Jinko Preliminary Unaudited Financial Results are prepared in accordance with PRC GAAP, whereas the Consolidated Financials are prepared in accordance with accounting principles generally accepted in the United States of America.
As such, investors of JinkoSolar should exercise caution when reviewing the Jiangxi Jinko Preliminary Unaudited Financial Results described in this press release and are advised not to base their investment decisions solely on such preliminary unaudited financial results.
JinkoSolar currently owns approximately 58.62% equity interest in Jiangxi Jinko.

Gravitas Education Holdings, Inc. Announces Extension of the Outside Date of the Merger

Retrieved on:

Wednesday, October 18, 2023

Online, HKEX, NYSE, NetDragon Websoft, Sale, Tripura Merger Agreement, Closing, British Virgin Islands, Sub, Virgin Islands, Financial services, PRC, Mergers and acquisitions

BEIJING, Oct. 18, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (NYSE: GEHI) ("GEHI" or the "Company"), a leading early childhood education service provider in China, today announced that the Company entered into an omnibus amendment and waiver (the "Amendment Agreement") to extend the outside date of the closing (the "Closing") of the Merger (as defined below) to January 18, 2024 considering the extra time that may be needed for the parties to complete the Merger.

Key Points:

BEIJING, Oct. 18, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (NYSE: GEHI) ("GEHI" or the "Company"), a leading early childhood education service provider in China, today announced that the Company entered into an omnibus amendment and waiver (the "Amendment Agreement") to extend the outside date of the closing (the "Closing") of the Merger (as defined below) to January 18, 2024 considering the extra time that may be needed for the parties to complete the Merger.
As previously announced, the Company, Bright Sunlight Limited, a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Company (the "Merger Sub"), Best Assistant Education Online Limited, a Cayman Islands exempted company ("Best Assistant") and a controlled subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon"), a Cayman Islands exempted company, and solely for purposes of certain named sections thereof, NetDragon entered into the agreement and plan of merger (the "Merger Agreement") on April 18, 2023, which contemplates that Best Assistant will transfer the education business of NetDragon outside of the PRC to Elmtree Inc., a Cayman Islands exempted company limited by shares wholly owned by Best Assistant ("eLMTree"), and Merger Sub will merge with and into eLMTree with eLMTree continuing as the surviving company and becoming a wholly owned subsidiary of the Company (the "Merger").
eLMTree has executed and delivered a joinder to the Merger Agreement on August 18, 2023.
Pursuant to the Amendment Agreement, the parties also agreed to change the composition of the board of the Company immediately after the effective time of the Merger, to adjust the number of shares of the Company to be sold by certain existing shareholders of the Company pursuant to a share purchase agreement dated April 18, 2023, to NetDragon Websoft Inc., a company incorporated in the British Virgin Islands and a wholly-owned subsidiary of NetDragon (the "Secondary Sale"), to waive certain condition precedent to the closing of the Secondary Sale and the closing of the divestiture of the Company's education business in China to Rainbow Companion, Inc., and on certain additional logistical matters related to the Closing.

Genetron Health Enters into Definitive Merger Agreement for Going Private Transaction

Retrieved on:

Wednesday, October 11, 2023

BEIJING, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Genetron Holdings Limited (“Genetron Health” or the “Company”, NASDAQ: GTH), a leading precision oncology platform company in China that specializes in offering molecular profiling tests, early cancer screening products and companion diagnostics development, announced today that it has entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with New Genetron Holding Limited (“Parent”) and Genetron New Co Limited (“Merger Sub”), a wholly-owned subsidiary of Parent.

Key Points:

BEIJING, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Genetron Holdings Limited (“Genetron Health” or the “Company”, NASDAQ: GTH), a leading precision oncology platform company in China that specializes in offering molecular profiling tests, early cancer screening products and companion diagnostics development, announced today that it has entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with New Genetron Holding Limited (“Parent”) and Genetron New Co Limited (“Merger Sub”), a wholly-owned subsidiary of Parent.
The Board, acting upon the unanimous recommendation of a committee of independent and disinterested directors established by the Board (the “Special Committee”), approved the Merger Agreement and the Merger and resolved to recommend the Company’s shareholders vote to authorize and approve the Merger Agreement and the Merger.
The Special Committee negotiated the terms of the Merger Agreement with the assistance of its financial and legal advisors.
In connection with the Merger, the Company will prepare and mail to its shareholders a proxy statement that will include a copy of the Merger Agreement.

PR Council’s “Better Together” Guidance Details Best Practices to Harness the Power of Inclusive Teams

Retrieved on:

Wednesday, October 4, 2023

After identifying the critical issue of aligning agency and client commitment to inclusive teams, the group outlined comprehensive guidance that includes best practices on the Request for Proposal (RFP)/pitch process, staffing plans, recruiting and onboarding.

Key Points:

After identifying the critical issue of aligning agency and client commitment to inclusive teams, the group outlined comprehensive guidance that includes best practices on the Request for Proposal (RFP)/pitch process, staffing plans, recruiting and onboarding.
There is also a model accord for agencies and clients to commit to developing and retaining a diverse and inclusive team.
The guidance focuses on the early days of partnership, where the stage is set for joint accountability between clients and agencies.
The other two, which are currently underway, focus on managerial competency to lead inclusive teams and best practices to measure the ROI (return on investment) of a company’s DEI efforts.