Kingsoft Cloud (HKG:3896) posted a net loss attributable to the company of 343.8 million yuan for the first quarter, widening from a loss of 313.9 million yuan a year earlier, according to a Wednesday Hong Kong bourse filing.
Shares of the cloud service company were down over 8% in late Thursday morning trade.
Loss per share came in at 0.08 yuan, unchanged from the prior-year period.
Revenue increased 37% to 2.70 billion yuan from 1.97 billion yuan a year earlier.
Hanwha Aerospace (KRX:012450) is seeking to sign a memorandum of understanding with Canadian spaceport operator Maritime Launch Services to support Canada's domestic rocket launch plans via a commercial spaceport in Nova Scotia, Bloomberg News reported Thursday.Canada, at present, does not have an operational launchpad and launch-vehicle operator, making Canadian satellite firms rely on foreign firms such as SpaceX. Prime Minister Mark Carney's government is seeking to change that by securing a site in Nova Scotia for a commercial spaceport, the report said.In addition, Hanwha Aerospace's parent company Hanwha Corporation (KRX:000880) is competing with Thyssenkrupp Marine Systems for a Canadian submarine contract worth around CA$25 billion, with long-term support and maintenance probably pushing the overall value in the range of CA$100 billion to CA$120 billion, it said.Shares of Hanwha Aerospace fell over 3% in recent trade, while those of Hanwha declined more than 8%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Chasen (SGX:5NV) booked a 1% decline in its profit in the fiscal second half ended March 31 of SG$6.4 million, from a profit of SG$6.5 million a year earlier, according to a Thursday filing with the Singapore Exchange.Earnings per share slid to SG$0.0168 from SG$0.0181 in the year-ago period.Revenue jumped 20% year over year to SG$67.8 million from SG$56.6 million.Shares of the global integrated logistics service provider zoomed over 11% in recent trade.
Risecomm Group (HKG:1679) entered into an agreement with some creditors to issue a mix of debt and equity to settle outstanding loans, according to a Wednesday filing with the Hong Kong bourse.The power line communication products provider's shares gained 69% in late-morning trade Thursday.The firm will issue 69.8 million shares priced at HK$0.46 apiece and three-year convertible bonds worth HK$128.5 million to the creditors.The company simultaneously launched a public offering to raise funds to settle certain other loans.The firm is seeking investors for 85.9 million shares priced at HK$0.46 each, or HK$39.5 million in total, which will be used to repay loans owed to Fu Xiaoqin, a shareholder, and an entity identified as Clear Jolly.The transactions are subject to shareholder approval.