Forwarded from 📡Guardians of Hong Kong
Chinese Investors in South Korean listings Are Repeatedly Delisted; Fictitious mask Contracts Cost Korean Investors $2.7 billion
In recent years Chinese capital has been aggressively venturing outside, seeking to list on overseas financial markets. South Korea Stock Exchange also continued receiving Chinese capital application for listing and backdoor listing through the acquisition of South Korean companies recently. However, many of the alleged financial statuses are unclear that at least 12 Chinese stocks have been previously delisted in South Korea, accounting for 85% of the delisted foreign stocks. An analysis by South Korea Daishin Securities indicated that Chinese companies tend to exaggerate their marketing goal and often violate their commitments to corporate investment and management. They described Chinese capitals as unreliable and called on investors to be cautious.
Mask Agreement is “made out of nothing”, stock price drops 50% after being revealed
LIS, a manufacturer of laser supplies and mask production lines, received a stake in China’s Jiangsu Yawei Machine in September last year. The latter currently holds 21.84% of the shares and becomes the largest shareholder of LIS. The company unilaterally announced in the middle of this month that it had reached a USD 900 million (approximately HKD 7 billion) mask supply contract with the paper manufacturer Double A, but Double A denied the news the next day. LIS immediately announced the cancellation of the agreement and its stock price plummeted from 13,550 won to 6,050 won in less than two trading days, a decline of more than 55%. LIS apologised to shareholders for the incident and admitted that it had not signed an agreement with Double A.
Source from: Apple Daily #Dec27
https://hk.appledaily.com/international/20201227/N5UFWZBHEVG4DKYQ7BD52ZFJWE/
#SouthKorea #China #StockMarket #MaskProduction #Investors #LIS #DoubleA #Agreement
In recent years Chinese capital has been aggressively venturing outside, seeking to list on overseas financial markets. South Korea Stock Exchange also continued receiving Chinese capital application for listing and backdoor listing through the acquisition of South Korean companies recently. However, many of the alleged financial statuses are unclear that at least 12 Chinese stocks have been previously delisted in South Korea, accounting for 85% of the delisted foreign stocks. An analysis by South Korea Daishin Securities indicated that Chinese companies tend to exaggerate their marketing goal and often violate their commitments to corporate investment and management. They described Chinese capitals as unreliable and called on investors to be cautious.
Mask Agreement is “made out of nothing”, stock price drops 50% after being revealed
LIS, a manufacturer of laser supplies and mask production lines, received a stake in China’s Jiangsu Yawei Machine in September last year. The latter currently holds 21.84% of the shares and becomes the largest shareholder of LIS. The company unilaterally announced in the middle of this month that it had reached a USD 900 million (approximately HKD 7 billion) mask supply contract with the paper manufacturer Double A, but Double A denied the news the next day. LIS immediately announced the cancellation of the agreement and its stock price plummeted from 13,550 won to 6,050 won in less than two trading days, a decline of more than 55%. LIS apologised to shareholders for the incident and admitted that it had not signed an agreement with Double A.
Source from: Apple Daily #Dec27
https://hk.appledaily.com/international/20201227/N5UFWZBHEVG4DKYQ7BD52ZFJWE/
#SouthKorea #China #StockMarket #MaskProduction #Investors #LIS #DoubleA #Agreement
Forwarded from Twitter圖 (圖谷) Channel
Forwarded from 📡Guardians of Hong Kong
Hong Kong Stock Market Plummets as #Beijing Issues New Mandates to "Regularize" Real Estate Firms
On Monday, September 20, 2021, the Hong Kong stock market plummeted following the order released by the Chinese Communist Part Government before the weekend, to have more control over the real estate firms.
The potential collapse of property developer China Evergrande in China has triggered concern.
The Hang Seng Index in Hong Kong has plunged 3.3 percent (821 points) within a day.
The real estates firms owned by Hong Kong tycoons #LeeKaShing, #LeeSiuKi, #WongChiCheung and the Kwok's brothers among others have suffered a 8-10% liquidization within just one day.
Source: Stand News; RTHK #Sept20
https://www.thestandnews.com/finance/%E5%82%B3%E5%8C%97%E4%BA%AC%E5%90%91%E5%9C%B0%E7%94%A2%E5%95%86%E4%B8%8B%E6%97%A8%E8%A7%A3%E6%88%BF%E5%B1%8B%E5%95%8F%E9%A1%8C-%E6%81%92%E5%9F%BA%E6%96%B0%E4%B8%96%E7%95%8C%E7%80%89%E9%80%BE%E4%B8%80%E6%88%90-%E6%81%92%E6%8C%87%E8%B7%8C%E9%80%BE-800-%E9%BB%9E
#StockMarket #HSIndex #Evergrande #CCPRules #Finances #Economy
On Monday, September 20, 2021, the Hong Kong stock market plummeted following the order released by the Chinese Communist Part Government before the weekend, to have more control over the real estate firms.
The potential collapse of property developer China Evergrande in China has triggered concern.
The Hang Seng Index in Hong Kong has plunged 3.3 percent (821 points) within a day.
The real estates firms owned by Hong Kong tycoons #LeeKaShing, #LeeSiuKi, #WongChiCheung and the Kwok's brothers among others have suffered a 8-10% liquidization within just one day.
Source: Stand News; RTHK #Sept20
https://www.thestandnews.com/finance/%E5%82%B3%E5%8C%97%E4%BA%AC%E5%90%91%E5%9C%B0%E7%94%A2%E5%95%86%E4%B8%8B%E6%97%A8%E8%A7%A3%E6%88%BF%E5%B1%8B%E5%95%8F%E9%A1%8C-%E6%81%92%E5%9F%BA%E6%96%B0%E4%B8%96%E7%95%8C%E7%80%89%E9%80%BE%E4%B8%80%E6%88%90-%E6%81%92%E6%8C%87%E8%B7%8C%E9%80%BE-800-%E9%BB%9E
#StockMarket #HSIndex #Evergrande #CCPRules #Finances #Economy
Forwarded from 📡Guardians of Hong Kong
#Economy
No Chinese Stock Left Among Global Top 10 as #Tencent Slides
//Tencent Holdings Ltd. has lost its place among the world’s 10 largest companies by market value, leaving no Chinese company in the list as Bejing’s regulatory crackdown continues to wreak havoc on the stock market.
Hong Kong-listed shares of the gaming and social media company fell 0.5% Thursday, valuing it at $556 billion. That’s just below U.S. chipmaker Nvidia Corp., data compiled by Bloomberg shows.
This is the first time that a Chinese company isn’t among the world’s ten largest since 2017, the data show. Tencent’s unseating follows that of #Alibaba Group Holding Ltd. earlier this year, as China’s tech behemoths face tougher rules on everything from monopolistic practices to data security and kids’ gaming hours.//
Source: Bloomberg #Sept16
https://www.bloomberg.com/news/articles/2021-09-16/tencent-s-slide-leaves-china-with-no-stocks-in-global-top-10
#CCP #HengSengIndex #ChinaMarket #StockMarket
No Chinese Stock Left Among Global Top 10 as #Tencent Slides
//Tencent Holdings Ltd. has lost its place among the world’s 10 largest companies by market value, leaving no Chinese company in the list as Bejing’s regulatory crackdown continues to wreak havoc on the stock market.
Hong Kong-listed shares of the gaming and social media company fell 0.5% Thursday, valuing it at $556 billion. That’s just below U.S. chipmaker Nvidia Corp., data compiled by Bloomberg shows.
This is the first time that a Chinese company isn’t among the world’s ten largest since 2017, the data show. Tencent’s unseating follows that of #Alibaba Group Holding Ltd. earlier this year, as China’s tech behemoths face tougher rules on everything from monopolistic practices to data security and kids’ gaming hours.//
Source: Bloomberg #Sept16
https://www.bloomberg.com/news/articles/2021-09-16/tencent-s-slide-leaves-china-with-no-stocks-in-global-top-10
#CCP #HengSengIndex #ChinaMarket #StockMarket
Forwarded from THE SURVIVOR
YouTube
Asia News Today | Taiwanese army reserves on high alert
Taiwanese military reservists on high alert as the President urges unity, power outages are becoming both common and critical in Myanmar, affecting both industry and residents, and an FBI agent has shown how up to 14 people raided hundreds of millions meant…
Forwarded from China in Focus - NTD
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Over 80 #ChineseCompanies could be kicked off America's #StockMarket if they continue to fail to follow the rules here in the United States.
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⭕️ Watch the full episode 👉https://ept.ms/UnseenAttack
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Forwarded from China in Focus - NTD
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Auditing rules may kick nearly 150 China-based companies out of the U.S. #StockMarket. As of Friday, the list compiled by the U.S. Securities and Exchange Commission covered roughly 60 percent of Chinese companies listed in the United States.
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⭕ Watch the full episode 👉https://ept.ms/BrutalAttack
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