News Archives - ChineseWire

WednesdayMay 31, 2023 11:12 am

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Releases Financial Report for FY 2023

FingerMotion (NASDAQ: FNGR), a big data company with revenue streams from mobile recharge, SMS, and Insuretec services, has released its financial report for the year ended February 28, 2023. Highlights of the report include reported annual revenue of $34.05 million, up 49% over FY 2022; 212% annual year-over-year growth in the company’s telecommunications products and services business; a decline in the business revenue for the company’s SMS & MMS business revenue, which totaled $7.53 million; 233% annual year over year growth of big data, resulting in $0.31 million revenue; total gross profits of $2.32 million; annual cost of revenue of…

MondayMay 15, 2023 3:22 pm

ChineseNewsBreaks – VCI Global Limited (NASDAQ: VCIG), HFA Collaborate to Bring Global Liquidity, Cross-Border Price Discovery to Clients

VCI Global (NASDAQ: VCIG) today announced its entry into a partnership agreement with Horizon Fintex Advisors Ltd. (“HFA”), a registered sponsor advisor to Upstream, a MERJ Exchange securities market. According to the announcement, the HFA partnership works to add immense value to VCI Global’s expanding business advisory practice by offering VCI clients a streamlined path to dual list on Upstream’s next generation market and reach a digital-first investor base. “We are excited to partner with HFA to bring global liquidity and cross-border price discovery to our existing consultancy business clients and integrate Upstream’s innovative NFT strategies to the clients of…

FridayMay 12, 2023 12:30 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces Strategic Cooperation Agreement with Migu Video

FingerMotion (NASDAQ: FNGR), a big data company with revenue streams from mobile recharge, SMS, and Insuretec services, today announced its entry into a cooperation agreement between Migu Video Technology Co. Ltd. (“Migu Video”) and FingerMotion’s contractually controlled subsidiary, Shanghai JiuGe Information Technology Co. Ltd. The agreement seeks to start in-depth collaboration on overseas hardware and terminal business. Migu Video is a wholly owned subsidiary of China Mobile’s Migu Culture Technology Co. Ltd., which is the sole streaming content producer of Migu Culture in the video field. It is regarded the first to establish a multi-channel network (“MCN”) in China. Key…

WednesdayApr 12, 2023 2:25 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Retires All Outstanding Institutional Convertible Debt

FingerMotion (NASDAQ: FNGR), a mobile data and services company, today announced that it has recently eliminated its remaining convertible debt with the company’s primary lender, Lind Global Fund II LP. This is a result of conversions by Lind Global and payments by the company, which in aggregate totaled over $5 million. “We have retired all of our outstanding institutional convertible debt, strengthening our balance sheet while maintaining a strong cash position,” said Martin Shen, CEO of FingerMotion. “Eliminating the remaining convertible debt and related obligations to issue any additional common stock to our primary lender eradicates any further dilutive impact…

WednesdayApr 05, 2023 12:04 pm

ChineseNewsBreaks – Chanson International Holding (NASDAQ: CHSN) Announces Closing of IPO

Chanson (NASDAQ: CHSN), a provider of bakery, seasonal and beverage products through its chain stores in China and the United States, has announced the closing of its initial public offering of 3,390,000 Class A ordinary shares, each at a public offering price of US$4.00. The Class A ordinary shares began trading on the Nasdaq Capital Market under the ticker symbol CHSN on March 30, 2023. The company received US$13,560,000 in aggregate gross proceeds of from the offering, of which net proceeds will be used to open new stores in the United States. In addition, Chanson has granted the underwriters a…

TuesdayApr 04, 2023 1:50 pm

ChineseNewsBreaks – NextPlat Corp. (NASDAQ: NXPL) Enabling Florida-Based Businesses to Tap Vast Potential of Global eCommerce

NextPlat (NASDAQ: NXPL, NXPLW), a global e-commerce provider, today announced that it is launching the first in a series of new e-commerce development programs. According to the update, the programs are designed to assist businesses in expanding their existing online sales capabilities to reach new international customers in the Chinese market. “We are excited to launch the first in what we expect will be a series of e-commerce development programs next month here in Miami,” said Charles M. Fernandez, executive chairman and CEO of NextPlat. “These programs will allow us to directly engage and collaborate with other Florida-based businesses who…

MondayApr 03, 2023 1:14 pm

ChineseNewsBreaks – YanGuFang International Group Co. Ltd. (NASDAQ: YGF) Closes Initial Public Offering

YanGuFang International Group (NASDAQ: YGF), a healthy food company primarily engaged in the production, research and development, and sales of oat and grain products, recently announced the closing of its initial public offering of 2,000,000 ordinary shares, each at a public offering price of US$4.00. The ordinary shares began trading on the Nasdaq Capital Market under the ticker symbol YGF on March 28, 2023. YanGuFang International Group received aggregate gross proceeds of US$8.0 million from the offering, before deducting underwriting discounts and other related expenses. The company has additionally granted the underwriters a 45-day option to purchase up to an…

MondayApr 03, 2023 1:06 pm

ChineseNewsBreaks – Hongli Group Inc. (NASDAQ: HLP) Secures US$8.25M in Initial Public Offering

Hongli Group (NASDAQ: HLP) has closed its initial public offering of 2,062,500 ordinary shares, each at a public offering price of $4.00, for total gross proceeds of $8.25 million before deducting underwriting discounts and offering expenses. The offering was conducted on a firm commitment basis. In addition, Hongli Group granted the underwriters an option, exercisable within 45 days from the effective date of the company’s registration statement on Form F-1 (File No. 333-261945), as amended, in connection with the offering, to purchase up to an additional 309,375 ordinary shares at the public offering price, less underwriting discounts and commissions, to…

TuesdayFeb 21, 2023 12:28 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces Results of Annual Meeting of Stockholders

FingerMotion (NASDAQ: FNGR), a mobile data and services company, today announced the outcome of matters voted on at its recent annual meeting of stockholders, which took place on Feb. 17, 2023. Among the highlights, Hsien Loong Wong, Yew Poh Leong, Michael Chan and Eng Ho Ng were elected to the company’s board of directors, Centurion ZD CPA & Co. was appointed as FNGR’s independent registered public accounting firm, and the company’s 2023 Stock Incentive Plan, executive compensation and the amendment to the exercise price of outstanding stock options from $8.00 to $3.84 were approved. In addition, FingerMotion’s executive officers were…

WednesdayJan 18, 2023 10:14 am

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces Q3 2023 Financial Results

FingerMotion (NASDAQ: FNGR), a mobile services and data company, has announced its financial results for the third quarter ended Nov. 30, 2022. Among the highlights, the company reported record quarterly revenue of $11.40 million and a quarterly increase in revenues of 93% compared to Q3 2022. “The Chinese ‘lockdowns’ are over now, but during the quarter they still had an impact on the company's revenue mix,” said Martin Shen, CEO of FingerMotion. “The company managed the quarter by focusing available resources to the top-up business as our corporate SMS customers were not interested in driving traffic to retail establishments that…

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