NewTimeSpace: Semiconductor Manufacturing International Corporation (SMIC, 00981.HK/688981.SH) announced that its filing documents for the issuance of shares to purchase assets and connected transaction have been accepted by the Shanghai Stock Exchange (SSE). The company proposes to issue shares to five institutions including the National Integrated Circuit Industry Investment Fund Co., Ltd. to purchase the combined 49% equity stake in SMIC North Integrated Circuit Manufacturing (Beijing) Co., Ltd. held by them.
NewTimeSpace News, on February 11, Singapore-listed CASA HOLDINGS LIMITED announced that it has entered into a sale and purchase agreement with Dimi Pte. Ltd., Vistone Pte. Ltd., and Mr. Lim Soo Kong, proposing to acquire 80% of the issued and paid-up share capital of POLYBUILDING (S) PTE. LTD. for a total consideration of S$13.2 million.
NewTimeSpace News, according to an announcement filed with the Singapore Exchange on February 12, Southeast Asian superapp GRAB HOLDINGS LIMITED announced that it has signed a definitive agreement to acquire 100% equity interest in U.S.-based digital financial services firm Stash Financial, Inc. The transaction values Stash at an enterprise value of US$425 million and is expected to close in the third quarter of 2026.
ICS Corporate Services Group Inc., the largest domestic professional service provider for Chinese enterprises going global, has built a solid competitive barrier with its unique full licenses in BVI, Cayman Islands and Hong Kong. The company held a market share of 10.5% in 2024, ranking first in the industry. It delivered strong financial results, with a net profit margin of 31.4% and a 68.9% year‑on‑year increase in net profit in the first nine months of 2025. Its high client retention rate of 86.8% and over 15,000 managed entities have formed a stable and sustainable business model.
NewTimeSpace News: Productive Technologies Company Limited (00650.HK) announced multiple recent progresses in its semiconductor equipment business. The company has successfully delivered several key cleaning equipment for advanced processes to customers, including one 12-inch high-temperature sulfuric acid cleaning tool applicable to 7nm advanced processes.
Shenzhen Woer Heat-Shrinkable Material Co., Ltd. (09981.HK) launched its H-share offering on February 5, 2026, with listing on the Main Board of the Hong Kong Stock Exchange (HKEX) expected on February 13. As a global leader in the heat-shrinkable materials industry and a major manufacturer of high-speed communication cables, the company is driven by the dual engines of "Electronic Communications + Power Transmission," with business coverage in emerging sectors such as data centers and new energy vehicles (NEVs). The offering has garnered support from 16 cornerstone investors, including Hillhouse and Greenwoods Asset Management, with expected net proceeds of approximately HK$2.734 billion. Key risks include intense industry competition, fluctuating raw material costs, uncertainty regarding trade tariffs, and increasing customer concentration.
NewTimeSpace News, EPRINT GROUP announced on February 5 that Ms. Liang Yanyi has resigned from the positions of Company Secretary and Authorized Representative, and Ms. Yang Bizhen was appointed to take up both roles on the same day.
Since its listing in December 2025, CiDi Inc. (03881.HK) has made significant progress in commercial implementation and industry cooperation. Recently, the company signed multiple strategic partnerships and completed the delivery of 40 autonomous mining trucks in late January, with its deployment scale in Xinjiang exceeding 120 units. However, the capital market response has been lukewarm. Although the company has proposed a "1-for-10" share split to enhance liquidity, as of February 4, 2026, the share price remains below its offer price.
Beijing Haizhi Technology Group Co., Ltd. (02706.HK) launched its H-share offering on February 5, 2026, with an offer price range of HK$25.60 to HK$28.00 per share, and is expected to list on the Main Board of the Hong Kong Exchanges and Clearing Limited (HKEX) on February 13, 2026. As a leading provider of graph-model fusion technology and industrial-grade AI agent solutions in China, the company holds a dominant position in the graph-centric AI niche. However, as a technology firm still in a high-investment phase, Haizhi Technology has not yet achieved profitability and faces significant financial challenges, including sustained net losses and a high net debt position.
As a global leader in fishing gear, Ridge Outdoor (02720.HK) has launched its IPO with a 23.1% global market share and a dual-drive business model of "OEM/ODM + proprietary brands". Despite post-pandemic performance fluctuations, the company’s gross profit margin has kept improving. The IPO aims to raise funds for global capacity and R&D enhancement, while bringing in cornerstone investors including those with state-owned background. Key risks to watch include customer concentration, US tariff policies and industry cyclicality.
NewTimeSpace News, JINHAI MED TECH announced in a notice on February 3 that Mr. Li Bin has been appointed as the company’s Executive Director and Co-Chairman of the Board of Directors, with the appointment taking effect on the same day.
Axera Semiconductor (Shanghai) Co., Ltd. (00600.HK) officially launched its H-share offering on January 30, 2026. Leveraging its self-developed Axera Core NPU and the world’s first large-scale commercialized Axera Vision AI-ISP technology platforms, the company has established significant technological and market advantages in the intelligent vision sector. However, its high growth is accompanied by deep losses stemming from sustained massive R&D investment, as well as inherent risks in the semiconductor industry such as high customer concentration, supply chain dependence and strong cyclicality. These factors render its listing journey and investment logic characterized by both high potential and high risks.
Auntea Jenny (02589.HK) listed on the Hong Kong stock market in May 2025. Although it received over 3,600 times oversubscription during its IPO phase, its stock price has continued to decline since listing. As of January 30, 2026, the closing price was HK$86.50, down 22.98% from its offer price, with its total market cap shrinking to HK$9.105 billion. The company officially surpassed the 10,000-store milestone by the end of 2025, becoming the third new-style tea brand in China to do so. Financial performance showed resilience, with 1H 2025 net profit increasing 20.9% year-on-year and full-year profit expected to reach up to RMB 525 million, a 50%-60% increase. However, the hidden concerns behind this expansion cannot be ignored, as the average daily GMV per store faces downward pressure.
As the world's top pig producer by slaughter volume for four consecutive years, Muyuan Foods Co., Ltd. (02714.HK) officially launched its H - share offering on January 29. The offer price is capped at HK$39.00 per share, with a trading lot of 100 shares and an entry cost of HK$3,939.34. It is expected to be listed on the Main Board of the Hong Kong Exchanges and Clearing Limited (HKEX) on February 6, 2026. Relying on its vertically integrated full - industry - chain model, the company has shown remarkable cost - control capabilities and scale resilience amid the industry cycle trough. Meanwhile, its fast - growing downstream slaughtering and meat business has become a crucial engine for smoothing cyclical fluctuations and supporting performance growth.
As the Spring Festival approaches, the annual New Year goods procurement boom is in full swing, catalyzing a peak season rally in the liquor sector and sustaining the recent strong performance of consumer stocks.
NewTimeSpace News, ND PAPER issued a positive profit warning on January 28, expecting that for the six months ended December 31, 2025, the profit attributable to equity holders of the company will be between RMB 1.95 billion and RMB 2.05 billion, representing a substantial increase of 315.2% to 336.5% compared with the same period last year.
