FINWIRES · TerminalLIVE
FINWIRES

HKG:0660

5 stories mentioning HKG:0660Updated 18d ago

Every FINWIRES story that references HKG:0660, newest first.

What's the latest news on HKG:0660?

Asia

Hong Kong Stocks Climb Ahead of Nvidia Earnings; Wai Chun Advances

Hong Kong stocks closed higher Wednesday, as easing oil prices and renewed hopes for progress on the Strait of Hormuz supported sentiment.The Hang Seng Index rose 141.87 points, or 0.6%, to close at 25,652.97, while the Hang Seng China Enterprises Index gained 88.47 points, or 1.1%, to finish at 8,533.84.Oil prices extended their decline after Iran resumed talks with Oman over managing traffic through the Strait of Hormuz, easing concerns over supply disruptions and inflation.Technology stocks advanced ahead of Nvidia's second-quarter earnings with investors looking for signs that the AI spending boom can sustain the chipmaker's rapid growth.Investors also awaited U.S. inflation data for clues on the Federal Reserve's rate path ahead of Chair Kevin Warsh's speech at the Jackson Hole symposium later this week.In corporate news, Wai Chun Bio-Technology (HKG:0660) gained 12% after it signed a memorandum with partners to develop an AI digital infrastructure project at Pahang Aerospace City in Malaysia.

Hang SengHKG:0660
Asia

Wai Chun Bio-Tech Signs MOU for AI Data Center in Malaysia; Shares Jump 15%

Wai Chun Bio-Technology (HKG:0660) signed an MOU with partners to develop an AI digital infrastructure project at Pahang Aerospace City in Malaysia, according to a Tuesday Hong Kong bourse filing.The project covers more than 1,200 acres and includes a planned 300-megawatt AI data center, GPU infrastructure, AI cloud and supercomputing facilities, as well as renewable energy and fiber-optic networks.Wai Chun will provide technical support, help source cloud customers, and lead proposed RWA tokenization and potential Hong Kong listing arrangements for data center assets.Shares rose more than 15% in Wednesday trading.

HKG:0660
Asia

Hong Kong Court Orders Stay in Case Against Wai Chun, Wai Chun Bio-Technology

Wai Chun (HKG:1013) said the Hong Kong High Court ordered a stay on the proceedings of a lawsuit requiring the firm and unit Wai Chun Bio-Techn ology (HKG:0660) to pay HK$2.7 million plus interest and costs each to Island Sky.An appeal to present new findings was also dismissed, while future hearings have been cancelled, according to a Wednesday Hong Kong bourse filing.The ruling came after the parties reached an agreement in May, with Wai Chun and Wai Chun Bio-Technology agreeing to pay HK$4.2 million to settle the lawsuit.

HKG:0660HKG:1013
Asia

Wai Chun, Unit Settle Island Sky Property Dispute

Wai Chun (HKG:1013) and its subsidiary Wai Chun Bio-Technology (HKG:0660) agreed to pay HK$4.2 million to settle a lawsuit filed by Island Sky, the firms said in Hong Kong filings Thursday.Wai Chun shares fell over 14% in late morning trade Friday, while Wai Chun Bio-Technology declined 3%.The firms were previously ordered by the Hong Kong High Court to pay about HK$2.7 million plus interest each to settle claims brought by Island Sky.The penalty represented 50% of mesne profits, rent, and related charges for premises at Admiralty Centre covering the period from Sept. 16, 2022, to April 27, 2023.The firms said they filed a court summons asking the court to dismiss a planned appeal against the judgment and cancel upcoming hearings scheduled for June 11 and Aug. 15.

HKG:0660HKG:1013
Asia

Wai Chun Bio-Technology Eyes Energy Sector Shift with $50 Billion South Korea Deal

Wai Chun Bio-Technology (HKG:0660) said it signed a memorandum of understanding to develop new energy projects, including a pipeline of at least $50 billion in South Korea, according to a Monday Hong Kong bourse filing.The projects will cover wind and solar developments, with additional expansion planned across markets including Southeast Asia, Central Asia, North America, and the Middle East, the company said.Wai Chun said it will act as lead coordinator and controlling shareholder, partnering with central state-owned enterprises, multinational corporations and financial institutions.The company also proposed to change its name to Wai Chun Energy Group to reflect its planned expansion into the new energy sector.

HKG:0660

Track with the FINWIRES app suite

FolioX
FolioX
Track HKG:0660 in your portfolio
WheelAI
WheelAI
Analyze HKG:0660 options with the wheel strategy
StockInsider
StockInsider
See market sentiment on HKG:0660