Zhuhai Amicro Technology, a Xiaomi-backed chipmaker, is preparing to begin premarketing for a Hong Kong initial public offering (IPO) of more than US$100 million as early as this week, according to people familiar with the matter. The company passed its listing hearing with bourse operator Hong Kong Exchanges and Clearing (HKEX) last week, clearing the final regulatory hurdle for a share sale in the city, the people said, requesting anonymity because the information is private. According to...
Xiaomi-backed robotics chip designer clears hearing, eyes US$100m Hong Kong IPO: sources
Company plans to launch premarketing as early as this week and aims for a mid-October debut, sources say
According to HKEX’s records, Amicro had yet to publish a public listing document. As a result, its financial details have not been disclosed.
It planned to start bookbuilding as soon as next week, and could make its trading debut in mid-October, the sources said.
Mainland Chinese visitors made about 440,000 trips to Hong Kong over the Mid-Autumn Festival weekend, with a tourism industry representative expecting hotel occupancy of more than 90 per cent in popular districts during the coming National Day “golden week”. Hong Kong recorded 439,532 arrivals by mainland visitors from last Friday to Sunday, according to Immigration Department figures released on Monday. The total accounted for about a quarter of the 1.73 million arrivals recorded during the...
Sarah Bils stressed the importance to tell the truth about the events in Donbass at all costs
Hong Kong businessman Jason Poon Chuk-hung and his wife have been granted bail after facing charges for allegedly defrauding a government financing scheme for businesses out of HK$6 million (US$765,000) during the Covid-19 pandemic. Construction businessman Poon, 56, and his 54-year-old wife, Carrie Chu Shu-fong, were told at Kowloon City Court on Monday that proceedings for their fraud and money laundering charges would be transferred to the District Court, where the maximum sentence for any...
Amid intensifying debate over the risks posed by rapid advancements in artificial intelligence, Chinese developers dominating the open-weight ecosystem are grappling with a unique problem: how to ensure their user-modifiable models remain safe once they are released. To address the challenge, Z.ai and Beijing-based safety consultancy Concordia AI released a report on open-weight AI risk management on Monday that they said offered “the first comprehensive, evidence-based foundation” for balancing
Republicans are pouring money into more than three dozen US House races previously considered “safe” after internal polling showed they could be vulnerable in the November 3 election, according to three Republican operatives familiar with the party’s thinking. The shift is already starting to show in advertising reservations and campaign finance filings. Since September 1, major Republican groups and megadonors have begun spending in at least 39 congressional races where they haven’t previously
Prosegue, per il terzo giorno consecutivo, la sospensione di tutte le attività di volo in arrivo e partenza all'aeroporto internazionale Vincenzo Bellini di Catania per l'emissione di cenere lavica dall'Etna. Lo stop, previsto fino a mezzogiorno di oggi, è stato prorogato fino alle 23.59 per la chiusura di due spazi aerei, il C1 e e il B3. Lo rende noto la S…