HKG:1765

2 stories mentioning HKG:1765Updated 43d ago

Every FINWIRES story that references HKG:1765, newest first.

XJ International to Subscribe for Controlling Stake in Nasdaq-Listed Intelligent Group; Shares Surge 9%

XJ International (HKG:1765) said its indirectly wholly-owned subsidiary agreed to subscribe for 600,000 Class B shares in Nasdaq-listed Intelligent Group at $12.50 each, for a total consideration of $7.50 million, according to a Thursday Hong Kong bourse filing.Upon completion, Intelligent Group will become an indirect subsidiary of the company, with XJ holding about 85.2% of the target's voting power.The company said the transaction constitutes a connected transaction as Intelligent Group is controlled by its controlling shareholder, Wang Huiwu.The subscription is intended to create synergies in the education sector and support the group's international expansion, the filing said.XJ's shares jumped nearly 9% in recent trade.

HKG:1765

Asia55d ago

XJ International's Fiscal H1 Profit More Than Doubles; Shares Jump 9%

XJ International (HKG:1765) booked 620.1 million yuan in attributable profit for the fiscal first half ended Feb. 28, more than double the 307.5 million yuan posted a year earlier, according to a Hong Kong bourse filing Tuesday.The education services provider's shares gained nearly 9% in morning trade on Wednesday.Earnings per share were 0.072 yuan, compared with 0.038 yuan in the prior year period.Revenue fell 3.3% year on year to 2.05 billion yuan, figures showed.The firm said it saw a rise in profit as it shed underperforming assets to reduce costs while improving quality and efficiency.

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