CWNewsBreaks Archive - Page 2 of 16

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…

TuesdayDec 27, 2022 1:03 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Looks for Strong Numbers in Upcoming Quarter

FingerMotion (NASDAQ: FNGR), a mobile data and services company, is anticipating more than $10 million in quarter revenues for the period ended Nov. 30, 2022. The company announced that, based on expected revenue growth in its core businesses, the company also projects that 2022 annual revenue will exceed last year’s total. The company explained the projections by noting that, during the past six months, FingerMotion has raised a total of $15.5 million in proceeds from a convertible note private placement and a nonbrokered private placement offering. By Nov. 30, 2022, only a portion of the funds raised was used, leaving…

TuesdayDec 20, 2022 12:48 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces Retention of Third Company in Investigation of Potential Naked Short Selling

FingerMotion (NASDAQ: FNGR), a mobile data and services company, has entered into a service agreement with ShareIntel-Shareholder Intelligence Services. The agreement outlines ShareIntel’s assistance in reviewing the trading history of FingerMotion’s common stock for the past two years as well as tracking trading of the stock moving forward; ShareIntel will assist the Christian Levine Law Group and Warshaw Burstein LLP, which have each already been retained by FingerMotion. According to the announcement, ShareIntel uses DRIL-Down(TM), a patented process that aggregates and analyzes repository data from reporting entities, broker-dealers and shareholders; the process will support FingerMotion in its efforts to proactively track…

FridayDec 09, 2022 1:14 pm

ChineseNewsBreaks – FingerMotion Inc.’s (NASDAQ: FNGR) JiuGe Technology, Munich Re Collaborate to Drive Commercial Application of Work

FingerMotion (NASDAQ: FNGR), a mobile data and services company, today announced that its subsidiary, Shanghai JiuGe Information Technology Co. Ltd. (“JiuGe Technology”) and Munich Re, a large global reinsurer, have set the stage for extension of their ongoing behavioral research and analytic studies into commercial implementation in the China market. The partner companies, through a proprietary behavior intelligence system developed by “Sapientus,” the analytic innovation development arm of FingerMotion, will bring forward their jointly developed model algorithms and analytic insights for productionized applications and wider market adoption. “We are excited to walk together with Munich Re in driving commercial application…

MondayNov 28, 2022 11:34 am

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) to Participate in Upcoming One-on-One Investor Conference

FingerMotion (NASDAQ: FNGR) CEO Martin Shen is scheduled to participate in one-on-one meetings during the Benchmark Company’s 11th annual Discovery One-on-One Investor Conference. The one-day event is scheduled for Dec. 1, 2022, in New York City. During the conference, Shen will meet with potential investors as well as other interested parties. The conference offers emerging growth and dynamic publicly traded companies access to institutions and individuals in a unique one-on-one format. New York City-based Benchmark Company is an institutionally focused, research-driven, sales-trading and investment-banking company that focuses on fostering the long-term success of its corporate clients. The company accomplishes this…

TuesdaySep 27, 2022 10:47 am

ChineseNewsBreaks – AnPac Bio-Medical Science Co. Ltd. (NASDAQ: ANPC), New Investor Group Sign $3.67M Equity Investment Agreements

AnPac Bio-Medical Science (NASDAQ: ANPC), a biotechnology company with operations in the United States and China focused on early cancer screening and detection, has entered into legally binding investment agreements with nine institutional and individual investors; the agreements outline an investment in the company of approximately $3.67 million. According to the announcement, the various shares purchase agreements outline plans for a private offering of $3.67 million earmarked to purchase 36.7 million of the company’s Class A shares; the company anticipates that the investment will be complete this month. “This equity investment is important to the company’s operations as well as research and…

MondaySep 12, 2022 2:18 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Eyes Opportunity Across 4 Key Areas, Untapped Market in China

FingerMotion (NASDAQ: FNGR), a leader in mobile payment and recharge platform solutions in China, has consistently reinvented itself and adjusted to changing customer preferences. “Today, its goal remains to serve over a billion users in China and expand its model to other regional markets. However, its management understands that this will only be achieved by the company adjusting and improving its operations to address the changing market environment and evolving customer needs,” a recent article reads. “With every passing year, FingerMotion has gained experience in the market and from interacting with key partners in various sectors. It continues to leverage…

WednesdayAug 31, 2022 1:57 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Completes Key Launch in Continued Push to Increase Gross Margins

FingerMotion (NASDAQ: FNGR) recently launched its mobile device protection product, looking to tap into an industry valued at approximately $10.6 billion annually. “While appearing in an interview with the investor media outlet, Proactive, Martin Shen, FingerMotion CEO, reckoned that this device protection program would be integral to accelerating the company’s revenue growth over the next 6-12 months…. Shen noted, ‘We have partnered with a very large NYSE-listed insurance company and are helping them get into the Chinese market as well, and we hope to launch that business very soon… That will really accelerate our revenue over the next 6-12 months,’”…

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