9 stories mentioning HKG:0290Updated 21d ago
Every FINWIRES story that references HKG:0290, newest first.
GoFintech Quantum Innovation (HKG:0290) appointed Ren Hongyu as chief technology officer, effective July 13, according to a same-day Hong Kong bourse filing.Ren most recently served as vice president of products at NetMind.AI.
GoFintech Quantum Innovation (HKG:0290) terminated an agreement to acquire and subscribe for shares in Luffa AI, according to a Friday filing with the Hong Kong bourse.The company had planned to invest $39.8 million to acquire a 19.9% stake in Luffa AI, a Hong Kong-based developer of AI- and Web3-based communication and social networking products.GoFintech said the investment agreement was terminated after the conditions precedent remained unfulfilled and the initial subscription was not completed within 30 business days of signing.The termination is not expected to have a material adverse impact on the group's operations or financial position, the filing said.
GoFintech Quantum Innovation (HKG:0290) posted a loss attributable to owners of HK$2.13 billion for the year ended March 31, widening from a loss of HK$2.5 million a year earlier, according to a Tuesday Hong Kong bourse filing.Loss per share came in at HK$0.2818 from HK$0.0004 in the prior fiscal year.Revenue rose to HK$1.75 billion from HK$863.4 million a year earlier.
HK.AI Capital (HKG:1140) expects an attributable profit of between HK$6 billion and HK$6.3 billion for the year ended March 31, compared with a net profit of HK$64.2 million a year prior, according to a Thursday Hong Kong bourse filing.The securities investor attributed the forecast to a one-off gain of between HK$3.45 billion and HK$3.65 billion from the disposal of 22.5% shares in CSOP Asset Management to GoFintech Quantum Innovation (HKG:0290).Another factor was the recognition of unrealized gains of between HK$2.53 billion and HK$2.79 billion on its investments in GoFintech Quantum at fair value through profit or loss.
GoFintech Quantum Innovation (HKG:0290) expects an attributable loss of up to HK$2.14 billion for the year ended March 31, wider than HK$2.5 million a year prior, according to a Thursday Hong Kong bourse filing.The securities brokerage attributed the forecast to an impairment loss of HK$2.45 billion from the acquisition of shares in CSOP Asset Management, and the recognition of a one-off loss from the dilution of its shareholding in HK.AI.
GoFintech Innovation (HKG:0290) agreed to invest around $40 million in a Hong Kong-based decentralized social and messaging platform operator, according to a filing with the city's bourse Tuesday.The firm will purchase around 11.9 million Luffa AI shares from three existing investors for $19.8 million, and subscribe to a further 10 million shares of the business under a separate transaction.The shares collectively represent 19.9% of Luffa AI's enlarged share capital.GoFintech Innovation had announced its intention to invest in Luffa AI in April.
GoFintech Innovation (HKG:0290) is negotiating a minority investment in a Hong Kong-based decentralized social and messaging platform operator, according to a filing with the city's bourse Thursday.The company's shares were up nearly 11% in early afternoon trade Monday.The firm entered a non-legally binding memorandum of understanding for a potential investment in Luffa AI following due diligence under a three-month exclusivity period, it said.
GoFintech Innovation's (HKG:0290) co-chief executive Zhang Huachen resigned from the role to give time to other business commitments, the firm said in a Hong Kong bourse filing Monday.The securities brokerage's shares gained 1% in late morning trade Tuesday.With Zhang's departure, Yuan Tianfu was re designated as the sole chief executive of the company.
GoFintech Quantum Innovation (HKG:0290) appointed Jing Lin as its chief scientist, according to a Hong Kong bourse filing Friday.Shares of the securities brokerage fell nearly 2% in late morning trade Monday.With nearly two decades of experience in enterprise artificial intelligence, Lin will be responsible for providing advice on strategic direction and professional technical consultation, GoFintech said.
