Avian Influenza Report (Volume 21, Number 11 (Week 11))
Avian Influenza Report (Volume 21, Number 11 (Week 11))
Mobile screen maker poised for US$1.5b share sale
Reuters and staff reporter
Shenzhen-listed Chinese mobile screen maker Lens Technology is planning to file an application for a Hong Kong listing of up to US$1.5 billion (HK$11.7 billion) by the end of this month, aiming to get the offering done in July, said two people with knowledge of the…
Xiaomi expands size of second factory
Agencies
Xiaomi (1810) is expanding the size of a planned second electric car factory in Beijing, a source said, after the success of its first model prompted billionaire co-founder Lei Jun to raise this year’s sales target to 350,000 vehicles.
The company, better known for its smartphones, started…
Towngas to halt gas fee adjustments
Cici Cao
The Hong Kong and China Gas Company’s (0003) net profit dropped 5.9 percent to HK$5.71 billion in 2024 from a year earlier on the absence of non-cash gains in 2023 from selling 25 percent stake in Shanghai Gas.
Managing director Peter Wong Wai-yee said that the company will no longer adjust…
CKI records $8.1b profit, optimistic on prospects
Staff reporter
CK Infrastructure (1038) reported a 1 percent growth in net profit last year to HK$8.1 billion and declared a final dividend of HK$1.86, bringing its full-year payout up by 0.8 percent to HK$2.58.
This marked its 28th consecutive year of dividend growth since listing in 1996.
Profit…
Strong sales for Le Mont flats
Staff reporter
Le Mont in Tai Po, developed by Vanke Hong Kong, launched its second round of sales for 118 flats yesterday.
Around 101 units had been sold as of 8pm yesterday.
The project had received 7,868 subscriptions for the 118 units, making them more than 66 times oversubscribed.
The flats on…
Anta’s lower operating profit margins disappoint investors
Cici Cao
Shares of Anta Sports Products (2020) declined by 3.93 percent to HK$97.9 yesterday after the sportswear maker announced a decreased operating profit margin in two of its core brands last year.
Its overall operating profit margin fell by 1.2 percentage points to 23.4 percent, dragged by…
Sri Lanka’s fugitive police chief surrenders after deadly raid incident
20th March 2025 – (Colombo) Sri Lanka’s Inspector-General of Police, Deshabandu Tennakoon, surrendered to authorities on Wednesday, 19th May, following a court order for his arrest related to a botched drug raid that resulted in the death of a fellow officer. The magistrate in Matara has remanded Tennakoon in custody until Thursday, when his bail […]
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EU orders Apple to open ecosystem to rivals under antitrust rules
20th March 2205 – (Brussels) Apple has been mandated by EU antitrust regulators to dismantle its closed ecosystem, allowing rival companies access to its technology and mobile operating system. This directive comes as part of the European Commission’s enforcement of the landmark Digital Markets Act (DMA), aimed at curbing the influence of major tech firms. […]
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Trump claims “very good” call with Zelensky despite Ukraine-Russia tensions
20th March 2025 – (Washington) U.S. President Donald Trump described his recent phone conversation with Ukrainian President Volodymyr Zelensky as “very good,” highlighting discussions primarily centred on his dialogue with Russian President Vladimir Putin. This marks the first direct communication between Trump and Zelensky since a heated exchange in the Oval Office last month. In […]
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Bettors optimistic about XRP exchange-traded funds following SEC developments
20th March 2025 – (New York) Bettors are increasingly optimistic about the prospects for XRP exchange-traded funds (ETFs) following a significant announcement from Ripple. On Wednesday, the likelihood that the Securities and Exchange Commission (SEC) will approve XRP ETF applications this year surged from 77% to 79% on Polymarket, following Ripple’s disclosure that the SEC […]
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Courtney Love embraces U.K. citizenship in light of discontent with the Trump administration
20th March 2025 – (London) Courtney Love has announced her intention to make the United Kingdom her second home, citing the challenges of the Trump administration as a catalyst for her relocation. The singer and guitarist is among a growing number of Hollywood figures seeking refuge abroad, joining the ranks of Ellen DeGeneres, Eva Mendes, […]
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Pentagon weighs major cuts to U.S. military structure
20th March 2025 – (Washington) The Pentagon is contemplating substantial reductions at the upper echelons of the U.S. military as the Trump administration aims to downsize the federal government. Proposed measures include the consolidation of combatant commands, the potential elimination of a directorate responsible for the development, training, and education of the joint force, and […]
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Hong Kong A&E wards aim to cut wait times for urgent patients with fee change
Hospital Authority says it hopes to meet its service target of treating 90 per cent of urgent patients in A&E within 30 minutes.
Hong Kong maintains base rate at 4.75% as Fed holds fire on Trump’s tariff fallout
The Fed is seen cutting rates again by midyear, while Hong Kong banks may lower the prime rate by 0.125 percentage points.
Hong Kong draws Chinese AI companies from CloudWalk to iFlyTek as city pivots to tech
Executives from several companies expressed confidence in Hong Kong’s growing role in supporting China’s AI development.
