Glory Announces Selected (Hong Kong Stocks) | ronshine serv (02207.HK) Suggests privatization and delisting of the company through agreement arrangements, planning to resume trading on November 25.

【Today's Focus】Ronshine Serv (02207.HK) proposes to privatize the company and delist it through a scheme arrangement, intending to resume trading on November 25. Ronshine Serv (02207.HK) announced that it proposes to privatize Ronshine Serv Group Limited pursuant to Section 86 of the Cayman Islands Companies Law through a scheme arrangement initiated by the offeror. The offeror, Ronxin Yipin Limited, and the respective boards of directors jointly announced that on November 15, 2024, the offeror will request the board of directors to present a proposal to the planned shareholders regarding the suggested scheme for the privatization of the company. If the proposal is approved and implemented, it will lead to the offeror acquiring the shares.

Gelonghui FinanceNov 22 09:54 ET

Kuaishou-W (01024.HK) spent 0.13 billion Hong Kong dollars to repurchase 2.87 million shares on November 22.

Guangdong Exchange reported on November 22 that Kuaishou-W (01024.HK) announced that on November 22, it spent 0.13 billion Hong Kong dollars to repurchase 2.87 million shares.

Gelonghui FinanceNov 22 05:50 ET

Kuaishou (01024) has been included in the hang seng index components, effective December 9.

Hang Seng Index Limited has released the quarterly review results of the Hang Seng Index series as of September 30, 2024, and Kuaishou-W (01024) has been officially included as a constituent stock of the Hang Seng Index.

Zhitong FinanceNov 22 05:32 ET

National cybersecurity notification center: illegal information exists in Kuaishou short videos, administrative penalties imposed according to the law.

Sina Technology News, November 22 afternoon report, according to the National Cybersecurity Notification Center's report, due to the presence of illegal information in Kuaishou's short videos, the public security authorities have legally warned and punished Kuaishou Company in accordance with the Cybersecurity Law. An investigation revealed that Kuaishou Company failed to timely handle information that is prohibited from being published or transmitted by laws and administrative regulations, and did not adequately implement the youth mode, resulting in the diffusion of illegal information that harms the physical and mental health of minors, violating relevant provisions of the Cybersecurity Law. The public security authorities have legally imposed administrative penalties on Kuaishou Company, ordering it to fully implement the youth mode and conduct a thorough inspection.

Sina technologyNov 22 05:22 ET

Express News | China's Public Security Authority Imposes Administrative Penalty on Kuaishou for 'failing to Implement Youth Mode', Leading to Spread of 'harmful Content' and Violations of Cybersecurity Law - Govt

ReutersNov 22 05:12 ET

[Brokerage Focus] Soochow Securities maintains a "buy" rating on Kuaishou-W (01024), stating that its performance meets expectations.

King Wu Financial News | soochow Securities Research Institute stated that the revenue of Kuaishou-W (01024) in 24Q3 was 31.13 billion yuan, yoy +11.4%, in line with expectations. The adjusted net income was 3.948 billion yuan, yoy +24.4%, in line with expectations. The adjusted net profit margin was 12.7%, yoy +1.3pct, in line with expectations. The bank pointed out that in Q3, the company continued to deepen the integration and application of large models in content generation, content understanding, and recommendation: marketing customer AIGC's marketing materials consumed over 20 million yuan daily; Leling AI has generated over 5

Jinwu Financial NewsNov 22 02:43 ET